Aug 22, 2023
Three hotel stocks positioned for growth: Expert
, BNN Bloomberg
Hot picks: Three hotel stocks to buy
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Wall Street thinks hotel stocks are fairly valued, but one investment expert forecasts a significant jump for these stocks ahead.
Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, George Ball, chairman of Sanders Morris Harris, said the run up in travel has only just begun. He forecasts analysts are overlooking opportunities within the sector and believed “even better times” are to come for hotel companies.
“It’s no longer travel for revenge, it’s travel for joy and with comparatively fixed stock of hotel rooms available — the chains are raising the rates and are going to be raising the rates very dramatically,”
Ball recommended Hilton Hotels Corp. (HLT), Hyatt Hotels Corp. (H) and Host Hotels & Resorts Inc. (HST) as his hot picks with the hotel industry.
He, his family, his firm and his investment banking clients do not own and of the stocks mentioned above.
For the full interview with Ball, click the on video at the top of this article.
Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, George Ball, chairman of Sanders Morris Harris, said the run up in travel has only just begun. He forecasts analysts are overlooking opportunities within the sector and believed “even better times” are to come for hotel companies.
“It’s no longer travel for revenge, it’s travel for joy and with comparatively fixed stock of hotel rooms available — the chains are raising the rates and are going to be raising the rates very dramatically,”
Ball recommended Hilton Hotels Corp. (HLT), Hyatt Hotels Corp. (H) and Host Hotels & Resorts Inc. (HST) as his hot picks with the hotel industry.
He, his family, his firm and his investment banking clients do not own and of the stocks mentioned above.
For the full interview with Ball, click the on video at the top of this article.
