In this clip from yesterday’s edition of The Macro Show, Hedgeye Gaming, Lodging & Leisure analysts Todd Jordan and Sean Jenkins breakdown the key economic drivers supporting their “bullish leisure travel” thesis, along with the implications for Hotel vs. Online Travel Agent (OTAs) stocks, as well as GLL’s performance as a sector style in a Deep #Quad4 environment.
Todd Jordan on Leisure vs. Business Travel:
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"We know a lot of people are bullish on leisure, but I don't think they're bullish enough.” |
“We do expect business travel to improve; but the key question is [to what degree?] What are the analysts expecting? Well, they’re expecting a full recovery… What are we expecting? We’re expecting something less; maybe it’s 15% fewer room nights attributable to business travel.”
