Hotel stocks surged Tuesday, February 10 amid a strong report from Starwood Hotels & Resorts Worldwide Inc HOT and an analyst upgrade on Hyatt Hotels Corporation 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 WYN were also higher following a strong Q4 earnings report. The stock was up over 9 percent to $88.32.
Hilton Worldwide Holdings Inc HLT also benefited from the positive news and recently traded at $27.30, up 3.04 percent.
Marriott International Inc MAR surged over 5 percent to $77.28 and InterContinental Hotels Group PLC (ADR) IHG moved higher by 3.21 percent to $40.84.
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