Shares of hotel/resort stocks are trading higher possibly in anticipation of the holiday season as AAA projects 115.2 million people traveling 50 miles or more over the 10-day year-end holiday travel period.
Portfolio Pulse from Benzinga Newsdesk
Hotel and resort stocks are trading higher as AAA forecasts 115.2 million people to travel during the upcoming holiday season, indicating a potential increase in demand for travel and hospitality services.
December 11, 2023 | 8:48 pm
News sentiment analysis
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POSITIVE IMPACT
Hyatt Hotels Corporation's stock is likely experiencing an uptick due to anticipated higher demand during the holiday travel season.
Hyatt is directly benefiting from the positive travel forecast, which could lead to increased bookings and revenue during the holiday season.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hilton Worldwide Holdings Inc. shares are on the rise, potentially due to the projected increase in holiday travel.
Hilton stands to gain from the expected surge in travel, which may translate to higher occupancy rates and improved financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marriott International's stock may be climbing in response to the positive travel forecast for the holiday season.
Marriott is likely to benefit from the increased travel activity, which could lead to more bookings and potentially higher earnings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MGM Resorts International's shares are trading higher, possibly due to the expected influx of travelers during the holiday period.
MGM Resorts is poised to capitalize on the anticipated increase in travel, which could positively impact its casino and resort operations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80