Hotel REITs Wait for Business Travelers to Check In
These companies have underperformed the industry, but we see years of solid growth ahead.
The coronavirus pandemic caused a historic downturn in the U.S. hotel industry that was larger than the ones caused by either the 2008-09 recession or the 9/11 attacks. While spending on hotels fell to historic lows at the outset of the pandemic, much of the industry has since recovered. In fact, the economy and midscale hotel chain segments have already returned to and surpassed their 2019 revenue levels, largely due to the quick return of leisure travel thanks to the rapid rollout of vaccinations in 2021.
Kevin Brown does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.