The vaccination drive across the US has progressed rapidly, and the majority of the population has now received at least some form of COVID vaccine. There is a similar trend across other major economies. Some of the developing nations are also making good progress as vaccine supplies build up. The world is more optimistic about the re-opening of the economy than it was about 12 months ago. As many US states and European countries announce their plans for re-opening, it may be a good time to look at sectors that were battered due to the pandemic. Hotels are a prime example. They could benefit disproportionately from pent-up demand and a general increase in travel as people feel more comfortable to start stepping out again. The hotel stocks to buy 2021 may be the ones that have survived the pandemic and have strong balance sheets.
Business of Choice Hotels International
Choice Hotels International has a long track record of more than 80 years in the hotel industry. It has more than 7000 hotel properties around the world. Popular hotel brands under Choice Hotels include Quality Inn, Sleep Inn, Ascend, Cambria, Comfort Inn, and MainStay Suites. 1 in 10 hotels in the US is a Choice Hotels brand. The one thing that defines Choice Hotels International is its portfolio of brands across different sub-segments. The company has brands for upscale accommodations, midscale hotels, and extended stay properties. The product offering runs across the spectrum. All of Choice Hotels’ domestic properties are franchised hotels. That makes the business model asset-light. The exposure to operating costs is also limited, something that works very well during a crisis like a pandemic. If you are looking to buy hotel stocks today then Choice Hotels International could become a top choice.
Hotel Stocks To Buy 2021
Choice Hotels International’s stock has risen by 48% over the period from July 2020 to July 2021. On a 5-year basis, the stock is up 150%. The stock is also up 122% since the March 2020 market crash.