Hotel Stocks to Watch Amid Travel Demand and Economic Uncertainty
MarketBeat's stock screener tool has identified seven hotel stocks worth watching due to their high trading volume in recent days. These companies include McDonald's, Booking Holdings Inc., Marriott International, Royal Caribbean Cruises Ltd., Carnival Corp., DoorDash, and Starbucks.
The performance of these hotel stocks can be influenced by various factors such as travel demand, occupancy rates, room prices, economic conditions, and consumer spending. McDonald's, for example, operates restaurants through its U.S. segment, while Booking Holdings Inc. provides online reservation services through its brands including Booking.com and priceline.com.
Royal Caribbean Cruises Ltd., on the other hand, operates cruises under various brands including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. Carnival Corp. also operates cruise ships through its segments, which include North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others.
DoorDash connects merchants, consumers, and independent contractors through its commerce platform, while Starbucks operates as a roaster, marketer, and retailer of coffee worldwide. These companies have the highest dollar trading volume among hotel stocks within the last several days.