Recent second-quarter earnings reports from the major lodging companies points to a sustained recovery within the global hotel industry. They reported significantly improved results over the first quarter of 2022, with many profitability metrics outpacing those in 2019.
Strength
Travel + Leisure (TNL) is in a sweet spot after two years of pandemic created a strong desire for leisure among consumers. The top timeshares and vacation clubs operator reported a nearly 300% jump in profit last quarter, the latest in a string of strong reports. On Thursday, the IBD […]