PK - Why Hotel Stocks Jumped This Week
Shares of hotel stocks had a great week this week as economic and inflation news played into the industry's strengths. High-capital-expense businesses like hotels could be among the few beneficiaries of higher inflation, and investors were bidding up the industry as a result.
According to data provided by S&P Global Market Intelligence , shares of Park Hotels & Resorts (NYSE: PK) were up 12.1% this week, DiamondRock Hospitality (NYSE: DRH) was up 11.7%, and Hyatt Hotels (NYSE: H) jumped 10.7%.
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Why Hotel Stocks Jumped This Week