TSX:HOT.DB.V - Post by User
Post by
Zoolanders21on Aug 04, 2021 11:50am
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Post# 33648388
Good buying opportunity
Good buying opportunityRight now we are caught up in low summer volume and unsubstantiated market fears of the Delta variant. Facts are 1) US hotel occupancies and REvpar have been increasing week over week since the lows last April/May and in mid July reached Pre-pandemic levels, 2) HOT hotels are premium hotels in great locations and historially outperform the US average, 3) air travel within the US has returned with a vengeance with over 2 million travellers last weekend alone and airlines not having enough staff to support demand, 3) US summer driving and gasoline sales hitting record highs from US travellers on the road this summer ..... buy the dip, be patient, results for Q2 early next week will provide support. Q3 will be better than Q2. By then markets will have calmed. GLTA