As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the hotels, resorts and cruise lines industry, including Playa Hotels & Resorts (NASDAQ:PLYA) and its peers.
Hotels, resorts, and cruise line companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted from buying “things” (wasteful) to buying “experiences” (memorable). In addition, the internet has introduced new ways of approaching leisure and lodging such as booking homes and longer-term accommodations. Traditional hotel, resorts, and cruise line companies must…
