Asian stocks look set to slip after US shares struggled to gain traction as traders prepared for a swath of Chinese data scheduled for release Friday including fourth quarter growth.
Cyclicality and overbuilding in the industry present risks for shareholders. Typically, US lodging recoveries last five to nine years, but the upcycle ending in 2019 lasted 10 years.
Despite waning US savings rates, we see lasting demand for Hilton’s strong upper scale, lifestyle, and luxury presence, which is strengthening its brand intangible asset, the primary source of its ...