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6% dividend yields. The rally continued even after most lodging companies slashed guidance for the year. When everything rebounded in the equity markets now at all time highs some thought eventually business travel would follow, but so far we havent seen that, said Golladay. In general, hotel operating companies, such as Marriott International Inc. MAR and Hilton Worldwide Holdings Inc. HLT, will likely weather through the turmoil better than hotel REITs. They operate but dont own the hotels, and collect fees and recurring revenue every time a new hotel joins their brand, said Hartwich. Theyre also more geographically diversified than REITs, added Patrick Scholes, an analyst at SunTrust Robinson Humphrey. Also, certain REITs, such as Summit Hotel Properties INN and Apple Hospitality REIT APLE, face fewer risks since they dont focus on big gateway markets where new hotels are being rolled out and international tourism plays a role. The sky is not falling, said Jan Freitag, senior vice president for lodging insights at STR, a data and analytics specialist in the hotel industry. Room demand is closely linked to GDP growth and as long as GDP growth is positive, room demand and RevPAR growth will be positive.

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He raised his hand to knock on the door, when it suddenly opened with a slow, painful groan. Tommy gasped, and his heart pounded in his ears. Breathing heavily, he stepped over the threshold, hanging onto the door for dear life. He stood still for a moment, listening hard, and waited for something to happen. But nothing did. As his eyes adjusted to the darkness, he realized he was in a large foyer. He rapped his knuckles against the door and shouted, Miss Amy, are you here?Absolute silence filled his ears except for the ticking of an old clock. He pushed the door open wider and stepped cautiously into the room. He felt for a light switch on the wall but found none. Why didnt I bring a flashlight, he berated himself angrily. Tommy crossed the old wooden floor and opened a set of double doors to his right.