7/21/2023 0 Comments Best hotel stocks to buy nowOn the other hand, contactless communication systems "Grace" and "NevoTouchless," developed by California-based software developer Nevotek, protect both visitors and hospitality workers as they work together to reduce the amount of time spent in face-to-face encounters, such as hotel check-in and check-out. Taiwan-based CyberLink developed the world's leading AI face recognition engine "FaceMe" which hotels use for compliance monitoring. Among the most efficient tech innovations that are helping the industry are the use of QR codes for contactless check-ins, in-app booking of appointments, digital payment transactions, and mobile key rooms. Technology will play a great role in reviving the hotel and hospitality industry during the digitalization era. Group travel is anticipated to continue in the third quarter of 2021, with demand for the fourth quarter expected to be 23% lower than in the fourth quarter of 2019. During the second phase of recovery, business travel is projected to accelerate slightly in the second quarter of 2021 as companies begin to book hotels for important meetings, small-scale events and workshops. The initial recovery of the industry started in May 2020, noting an increase in hotel occupancy during weekends. Recovery of the Travel and Hotel IndustriesĪccording to the outlook of AHLA, the recovery of business and leisure travel has three phases. Demand will not return to pre-COVID-19 levels until 2023, according to data intelligence firm STR, with average daily rates (ADR) and revenue per available room (RevPAR) not expected to hit 2019 levels until at least 2024. Room revenue is expected to start recovering in 2022, projected to reach $144 billion. Hotel sales in the United States dropped by nearly half in 2020, to $84.6 billion, from $168 billion prior to the pandemic. According to the American Hotel and Lodging Association, the effect of the pandemic has been nine times that of 9/11 after leisure and travel activities were forcefully halted in early 2020. The hotel industry has been hit the hardest of all the industries affected by COVID-19, resulting in historically low occupancy, significant job losses, and hotel closures across the globe. You can skip our detailed analysis of these stocks and the hotel industry and go directly to the 5 Best Hotel Stocks to Buy Now. After breakout, it will soon hit ₹115 levels."ĭisclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.In this article, we will take a look at the 10 best hotel stocks to buy now. This stock may give sharp upside move after giving breakout at ₹92 on closing basis. However, those long term investors who are ready to take some risk can buy Lemon Tree Hotels at around ₹70 levels maintaining stop loss at ₹60 apiece levels. However, one must maintain strict stop loss at ₹285 while taking position in this Tata group stock. On which hotel stock to buy in current market scenario, Manoj Dalmia of Proficient Equities said, "Those who have low risk appetite can buy Indian Hotels at around ₹300 levels for medium term target of ₹376 apiece. Those who have this stock in their portfolio are advised to hold the Tata group stock for possible ₹350 to ₹360 levels maintaining stop loss at ₹315 apiece levels." But, Indian Hotels is expected to continue rally despite one way movement in last few months. Sumeet Bagadia, Executive Director at Choice Broking said, "Most of the popular hotel stocks are looking strong on chart pattern.
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