It’s no secret the COVID-19 pandemic hit several sectors hard…
It’s been roughly a year since most companies related to the travel sector — like airline and cruise line stocks — were left behind in favor of stay-at-home names.
But things are starting to change…
Vaccines are rolling out and hotel occupancy levels are now roughly halfway full. As a note for those of you wondering, hotels only had about a 20% occupancy rate during the heart of the pandemic.
While we could see several bumps over the next several months — especially when talking about international travel — people are looking to get out this summer. Stimulus checks are coming, which means there’s going to be some degree of discretionary spending.
It’s time to hit the road, folks. That’s why I want to show you the best hotel stocks to target this spring.
The first hotel stock to target this spring is Choice Hotels International Inc. (NYSE: CHH).
Choice Hotels is one of the largest hotel chains in the world, with several brands ranging from upscale suites and resorts to economy inns.
But it has one advantage over its competitors…
It’s focused on drivable locations in the U.S., with over 4,000 of its hotels located within one mile of interstate highway exits. That’s huge because a lot of people are thinking about getting out and driving this summer — road trip!
The one-year return on this stock is 109%!
While fundamentals haven’t caught up just yet, sentiment is changing. And that typically occurs before a company gets back to profitability. I anticipate more upside for Choice Hotels, and have a price target of about $122 per share over the next 10 weeks.
But Choice Hotels isn’t the only hotel stock to target this spring…
Check out the short video below to get the next hotel stock to target this spring on my list, and be sure to share your thoughts in the comments section below.
And as always, don’t forget to subscribe to my YouTube channel if you haven’t already so you can be notified as soon as I post my next video!
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