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A bearish options trade that pays off if hotel stocks start to feel a travel slowdown like airlines

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Airline stocks have already lost about a third of their value in the last three months, yet hotel shares have held up fairly well.

As airlines continue to add capacity after a year of record demand for revenge travel, consumer demand after the pandemic is showing signs of slowing. Prices for many routes in 2024 are now priced significantly lower than this previous summer for both economy and business class tickets. Interest in travel across Europe and Asia is looking softer into 2024. .

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