Video Highlights:
- Long Bench – Booking Holdings, Inc. (BKNG): Has a lot of exposure to Europe and our forward-looking indicator is showing accelerating growth in Europe
- Short - Pebblebrook Hotel Trust (PEB): Reported last night and beat lowered expectations; lowered guidance for Q2 and is 9% below the street on EBITDA; our focus has been on the cost side and remains key to our short thesis on hotel REITs; remains a top short
- Short - Marriott International, Inc. (MAR): Hilton Worldwide Holdings Inc. (HLT) traded weaker yesterday after it talked about potential financing issues that could impact net unit growth - this is key to our short thesis on MAR
