Is Choice Hotels Stock a Buy?
Just as many Americans are wondering whether it's safe to plan a summer vacation involving a hotel stay, many investors are wondering if the time is right to return to investing in hotel stocks. The industry was hit hard by the pandemic as travel dropped off dramatically over the past 12 months. But with millions of people being vaccinated every day and a plan to have most adults fully vaccinated by summer, travel is expected to pick up, particularly in the second half of the year.
This is good news for hotels. But while 2021 should be better than 2020, it's unlikely that we'll see a return to pre-pandemic levels of travel anytime soon. So what's the outlook for one of the larger hotel chains in the U.S., Choice Hotels (NYSE: CHH)?
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Source Fool.com
