InterContinental's Brand Edge Can Produce Healthy Growth in the Current Economic Environment
We believe banking partners would work to provide InterContinental liquidity as needed, given that the company holds a brand advantage, which will drive healthy cash flow as travel demand returns.
Marriott's Brand Demand Can Endure Under Existing Economic Conditions
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.
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