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Travel Stocks as a Value Play

Travel may not seem like an industry on the move, but Jake Fuller of Thomas Weisel Partners has some travel-related stocks on his "buy" list.

"I think it's really more of a valuation play at this point," he admitted to CNBC. "No two ways around it, travel trends are not particularly good...but hotel stocks are trading at 10-year lows."

There's another thing about the nature of hotel stocks that make him think investors should check them out: "Hotel stocks tend to turn early," he said. "They turn about six months before fundamentals bottom."

Recommendations:

"I've got companies like Marriott (International), trading at 10 times forward earnings -- those are depressed earnings," he said. "They typically trade at 20 times, so I think you've got a good long-term opportunity there."

Starwood also gets thumbs-up from Fuller, as do Expedia and Priceline.com.

Disclosures:

Fuller and his family own shares of Marriott International. Fuller's firm makes a market in securities of Priceline.com.

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