Hotel Owners are extremely concerned about the drastic stock drop in the past days. According to the New York Stock Exchange (NYSE) in Wall Street, the FelCor Loding Trust shares went down 13.5% while Host Hotels & Resorts fell almost 9%.

Mr. Patrick Sholes, an analyst with FBR Capital Markets commented: “From a technical trading perspective, the direction of their stock prices seems to be approaching their 200-day moving average. Breaking through the threshold is not a positive for the stock.”

Travelers have not been around as much as they used to with the country in recession. Hopefully, the situation will change and the hospitality industry is positive that this drop will have a turnaround.

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