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Hotel Stocks Soar Amid Positive News

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Hotel stocks surged Tuesday, February 10 amid a strong report from Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) and an analyst upgrade on Hyatt Hotels Corporation (NYSE: H).

Starwood & Hyatt

Starwood also announced the spin-off of its vacation ownership business, which helped the stock to climb to an intraday high of $78.01. The stock recently traded at $76.53, up 7.44 percent.

Hyatt Hotels was up 5 percent to $59.89 after SunTrust rated the company a Buy and set a $74 price target on Monday, February 9.

Other Lodging Winners

Shares of Wyndham Worldwide Corporation (NYSE: WYN) were also higher following a strong Q4 earnings report. The stock was up over 9 percent to $88.32.

Related Link: UPDATE: Wyndham Worldwide Posts Upbeat Q4 Earnings, Lifts Forecast

Hilton Worldwide Holdings Inc (NYSE: HLT) also benefited from the positive news and recently traded at $27.30, up 3.04 percent.

Marriott International Inc (NASDAQ: MAR) surged over 5 percent to $77.28 and InterContinental Hotels Group PLC (ADR) (NYSE: IHG) moved higher by 3.21 percent to $40.84.

 

Posted-In: Lodging Industry SunTrustTravel Movers Trading Ideas General

 

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