Hotel operators’ sentimental growth was influenced by improvements in occupancy rates, while airline companies’ sentiments were largely influenced by enhanced liquidity.
Rinaldo Pereira, senior business fundamentals analyst, GlobalData, said, “There has been a surprisingly early sentiment rebound in the T&T sector, which has taken a hit due to the COVID-19 pandemic. Companies in this space have been supported by government relief packages, but questions arise on the T&T sector’s future stability despite as COVID-19 will likely cause disruptions well into 2021. T&T companies will need to enhance digital infrastructure further as the use of contactless services become the only option in the new normal.”
Hyatt Hotels Corp drove T&T’s rebound with a sentiment growth of 60 percent in Q3 (fiscal Q2 earnings transcript) compared to its previous earnings transcript (Q1).
Hilton Worldwide Holdings was another gainer in the T&T sector despite financial downturns. Occupancy and revenue per available room recoveries in the US and Asia-Pacific notably drove sentiments.
Wyndham Hotels and Resorts also witnessed sentiments grow despite facing profit and revenue slumps.