Hotel operators' shares rocket despite plunging revenues

10/8/2009 | Wall Street Journal, The

Hotel investors seem to be betting the current, prolonged recession is creating a pent-up demand for travel that will push hotel occupancy rates and revenues to soar in the recovery that follows. Marriott's revenue per available room fell 19% in the third quarter, but its share price has gained 109% since the March 9 market bottom.

View Full Article in:

Wall Street Journal, The

Published in Brief: