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Stocks

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When you think travel industry, airline and cruise line stocks are usually top of mind. A lesser-known category in the industry is hotel stocks, which saw massive upside moves on Thursday. Hilton Worldwide Holdings (HLT) reported strong Q4 earnings, and in sympathy, other hotel stocks also rose. Hotel stocks have had a rough time since Covid hit and it now looks like that may be in the rearview mirrort. Here’s a synopsis of how some hotel stocks performed on Thursday, many of which have yet to report quarterly earnings: Hilton Worldwide Holdings, Inc. (HLT): +4.86% Marriott International, Inc. (MAR): +3.61% Hyatt Hotels Corp. (H): +4.91% InterContinental Hotels Group (IHG): +1.92% Wyndham Hotels & Resorts (WH): +1.43% Other travel-related stocks such as Booking Holdings, Inc. (BKNG) and Expedia, Inc. (EXPE) also rose. Expedia’s quarterly earnings, reported after Thursday’s close, beat analyst estimates and the stock climbed sharply in after-hours trading. Although…