1234 days ago • Posted by Charles-Henry Monchau
Things are turning fast for Hotel stocks - e.g Marriott (MAR)
This note of confidence by Marriott CEO Arne Sorenson might explain why the stock is turning around so fast: "In a sense, you could say the near-term has gotten a little bit worse because the virus statistics have gotten worse, but the medium and long-term has gotten a little bit better because the optimism around a vaccine is that much stronger, I think, we can sit here and say with a greater level of confidence than maybe a month or two ago that sometime in 2021, we should see a shift towards the environment in which the virus is receded into the rear view mirror, and we’re then looking at, okay, what the demand aspects look like" - source: The Market Ear
