Hotel Stocks Climb Industry Ranks On Strong Earnings

By | May 7, 2014

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Hotel stocks are getting a lift from strong earnings growth and expectations that occupancy rates will rise as the economy picks up. The Leisure-Lodging industry group has risen 23 places in the past three weeks, to No. 86 out of 197, as of Wednesday’s IBD. A number of hotel stocks are hitting new highs while several others are shaping new bases. Analysts say bookings took a hit from bad weather early this year. But many have expressed optimism Scalper1 News

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