It’s been just over a year since the World Health Organization declared Covid-19 to be a global pandemic. Since then, several sectors have taken the brunt of the fallout. Lockdowns and travel restrictions have devastated airlines and cruise lines. Hotels have been hammered as well, and hotel stocks plummeted early in 2020.
With vaccinations rolling out across the U.S., many hotel stocks have rebounded. Some are now reaching new highs on the expectation that travel will ramp back up in 2021. The thinking goes that pent-up demand for travel may result in massive demand for accommodations. The prospect of a