WH - Lodging pipeline forecast to grow this year as industry recovers from pandemic pause

UBS points to some interesting trends in the lodging sector. The firm says U.S. hotel supply is tracking to grow 2% in 2021 and another 2% in 2022 as the pipeline appears to be recovering from the pandemic pause. Hotel pipeline changes in comparison to March of 2020: Marriot International (MAR) -13%, Hilton Worldwide (HLT) -12%, InterContinental Hotels Group (IHG) -15%, Hyatt Hotels (H) -10% and Best Western -26%. Hotel pipeline changes in comparison to the start of 2021: Marriot International -3.6%, Hilton Worldwide -2.6%, InterContinental Hotels Group -2.6%, Hyatt Hotels  +13.2% and Best Western -10.8%.UBS also highlights that even with transaction volume down 60% last year in lodging, average selling price per room in Q1 came in very close to the pre-COVID level seen in 2019. Choice Hotels (CHH) is the lodging stock with the biggest gain over the last six weeks. Wyndham Hotels & Resorts (WH) is the

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Lodging pipeline forecast to grow this year as industry recovers from pandemic pause