The hotel industry has been struck particularly severely by the global COVID-19 outbreak. Revenue and visitor levels are likely to return to 2019 levels in 2023 or later. According to McKinsey, restoring revenues and visitors to 2015 levels could take up to ten years. The hotel industry remains a profitable venture, particularly as travel restrictions are increasingly being relaxed. The hospitality business attracts a lot of smart money, and companies like MGM Resorts International and Marriott International are among the most popular hedge funds.
Insider Monkey dives into the 11 best hotel stocks to invest in. Pebblebrook Hotel Trust is known for investing in resorts near urban areas as well as unique tourist markets. Citadel Investment Group, led by Ken Griffin, is the largest shareholder, owning 70.63 million shares worth $80.37 million. Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) that owns 18 hotels. The company’s revenue was $117.21 million, which was $12.29 million higher than expected. With 1.77 million shares worth $21.98 million, Ken Heebner’s Capital Growth Management is the largest shareholder. Ryman Hospitality Properties, Inc. is a company that specializes in the acquisition and management of upmarket conference facilities and resorts. Five of the major non-gaming convention center facilities in the United States are owned by the REIT. With 1.45 million shares valued at $114.76 million, Mario Gabelli’s GAMCO Investors is the largest shareholder. The mega-corporation in the luxury hospitality business is traded as a Russell 1000 Component. Hyatt Hotels Corporation is a company that owns and operates luxury hotels, resorts, and vacation properties. Host Hotels & Resorts, Inc. is a hotel management company that owns and operates luxury and upper-upscale properties. A self-managed and self-administered REIT, the corporation is self-managed and self-administered. For more details, click 11 Best Hotel Stocks To Invest In.