Amid a consumer spending shift from goods to experiences, the hospitality market is poised to recover quickly.
Shares of Peloton are rising upon news that the exercise bike company is partnering with Hilton to provide its bikes to 5,400 hotel's locations.
Shares of Peloton Interactive (NASDAQ: PTON) were up on Monday after the company announced a partnership with hotel chain Hilton Worldwide Holdings (NYSE: HLT). As of 1 p.m. ET today, Peloton stock was up about 7%. Hilton stock was little changed with this news.