Which Gaming And Lodging Stocks Are Exposed To International inbound Travel And China?
1. International travel accounts for 5% of U.S. room nights and 3% of arrivals. 2. Las Vegas relies on international visitors, with 10% international traffic. 3. Lodging C-Corps' international revenue significantly affected by China and tariffs. 4. Business travel remains below pre-pandemic levels, affecting revenue streams. 5. Lodging companies are trading below historical averages, indicating valuation concerns.