As part of Yahoo Finance's Travel Guide 2024: Industry Insights special, Baird Senior Research Analyst Michael Bellisario sharwes his top hotel stock pick: Choice Hotels (CHH). He calls Choice a "win-win" situation. If Choice's acquisition of Wyndham Hotels & Resorts (WH) is approved, Bellisario sees significant synergy given that "bigger is better" in the hotel franchising industry. Even if the deal fails, he values Choice's "stand-alone" plan due to its strong balance sheet and earnings recovery. Bellisario notes brands like Marriott (MAR) and Hilton (HLT) benefit from business travel loyalty. However, Choice and Wyndham rewards are more "immediate" while appealing to lower-end leisure guests. Still, merging could boost loyalty and rewards across both brands. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
The travel sector experienced a boom in 2023, though there may be "new wrinkles" to investing in hotel stocks in 2024. Booking sites like Expedia (EXPE) have issued cautious commentary, explaining the "post-COVID acceleration" is slowing down. In the latest edition of Travel Guide 2024: Industry Insights, Yahoo Finance Executive Editor Brian Sozzi breaks down bullish, company-specific attributes for hotel stock investors to keep in mind. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Despite the "Magnificent Seven" — or three — powering the S&P 500, the long list of companies hitting new record highs shows another side of the market concentration conversation.