Hot Hotel Stocks
Although the travel and leisure industry has greatly suffered over the past year due to cutbacks in consumer spending, analyst David Katz at Oppenheimer still feels optimistic about some hotel stocks.
Recommendations
Starwood Hotels & Resorts Worldwide -–“Half of their hotel business comes from outside the United States, the growth is robust.”
Marriott International and Intercontinental Hotels --Marriott and Intercontinental "are driven by swaths of the United States, particularly in the moderate price ranges.”
Gaylord Entertainment -- "They are a convention hotel developer and operator. And what’s interesting, being the convention business, is that it is booked many years in advance, so it creates a situation where they enter a year, like this one, with a book of business that goes back two, three years at rates that were 2006 rates -- which are far more favorable.”
Disclosure
Katz does not own any stock from the companies mentioned above. However, Oppenheimer has an investment banking relationship with GET.
