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Wajeeh Khan

Why Are Hotel Stocks Hyatt and Marriott Up on 2-Week Ceasefire News?

H Hyatt MAR Marriott Iran United States

Hyatt Hotels (H) and Marriott International (MAR) ended the session meaningfully higher on April 8 as a temporary ceasefire between the U.S. and Iran prompted a relief rally across travel and leisure stocks. 

The hospitality industry was among the hardest hit during the five-week war, and it staged one of the strongest rebounds on the ceasefire announcement that crashed oil prices to around $94 a barrel on Wednesday. 

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