The Dow Jones Industrial Average may have made up its losses from the financial crisis, but some investors in travel and leisure believe that only now will they really profit from its aftermath.
Big lodging stocks like Starwood and Marriot, which manage hotels for independent owners, tracked the Dow through its dive and climb back. But the game changer is the legacy of so few new hotels being built after 2007. Demand for rooms is back and the lack of new supply means existing hotels should be able to charge full price each night for a room for possibly four years, making Starwood and Marriott's service contracts more lucrative.
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