It raises its ratings on Hilton <HLT.N>, Hyatt <H.N> and Marriott <MAR.O> to "buy", and even with the threat of a recession moving  into  2023, the pace of recovery in the hotels industry means is significant enough for a strong RevPAR increases in 2023, and that this is not being fairly reflected in the share prices. 
Positive
Positive
Marriott
Positive
Positive
Hyatt
Positive
Positive
Hilton