MAR, DAL: Leisure Stocks to Get a Boost from Falling Airfares, Hotel Tariffs
Travel enthusiasts are in for a pleasant surprise. Airfares and hotel tariffs declined lower than expected in August. The trend is likely to sustain through September, which can be a great pick-me-up opportunity for leisure stocks like Marriott International (NASDAQ:MAR) and Delta Airlines (NYSE:DAL). August Brings Encouraging Numbers Hospitality data analytics firm STR revealed that the hotel rates declined 4.6% month-over-month in August. Although this is not unusual as schools reopen after the summer break, August declines before the pandemic would typically range between 2% and 3%. The larger-than-usual drop was also the result of a slowing economy.
MAR, DAL: Leisure Stocks to Get a Boost from Falling Airfares, Hotel Tariffs
Travel enthusiasts are in for a pleasant surprise. Airfares and hotel tariffs declined lower than expected in August. The trend is likely to sustain through September, which can be a great pick-me-up opportunity for leisure stocks like Marriott International (NASDAQ:MAR) and Delta Airlines (NYSE:DAL). August Brings Encouraging Numbers Hospitality data analytics firm STR revealed that the hotel rates declined 4.6% month-over-month in August. Although this is not unusual as schools reopen after the summer break, August declines before the pandemic would typically range between 2% and 3%. The larger-than-usual drop was also the result of a slowing economy.