Even though several parts of the world are still witnessing a resurgence of COVID-19 cases, travel bookings are at record levels due to solid leisure travel demand with the upcoming summer vacations. Moreover, hotels were one of the driving forces of U.S. inflation that hit a 41-year high in March due to high occupancy levels.
Investors’ interest in the hotel stocks is evident from the Defiance Hotel Airline and Cruise ETF’s (CRUZ) 5.5% gains over the past three months compared to the SPDR S&P 500 Trust ETF’s (SPY) 3.2% loss.
