leisure and hospitality stocks

Buy leisure, hospitality stocks now ahead of reopening: Strategist. It had previously been calling for 2020 comparable systemwide RevPAR growth of between -0.5% and +1.5% and EBITDA of between $760 million and $780 million. Hyatt reported RevPAR falling by 28.1% Y/Y in the first quarter. Source: Michael Neil Thomas / Shutterstock.com, 7 Hotel Stocks to Buy Before Vacationing Restarts, 8 Next Energy Solutions as We Pass Peak Oil, Fisker Stock Has the Potential for Big Future Gains, Louis Navellier and the InvestorPlace Research Staff, What Did the Stock Market Do? View the Latest Analyst Ratings. On Wall Street, the average price target is nearly $78 (per Tipranks). Don't have a Benzinga account? Occupancy, RevPAR, and hotel EBITDA cratered, causing hospitality REITs to report atrocious results. When Las Vegas casinos re-open, Wynn will not benefit right away. Travel stocks have plummeted to multi-year lows. A planned reopening of the gaming industry in Nevada will help Wynn Resources and other hotel stocks. This fell to the lowest level by mid-March. In addition, a large portion of cruise customers are retirees, an age group most at-risk from COVID-19. CFRA has a Hold rating and $49 price target for EXPE stock. In 2019, 47% of MGM’s revenue came from the Las Vegas Strip, 29% came from other U.S. regional operations and just 24% came from Macau. The good news for Norweigian investors is that Amobi recently said he sees relatively limited near-term downside for the stock after its 79.3% sell-off in the past three months. A planned reopening of the gaming industry in Nevada will help Wynn Resources and other hotel stocks. But revenue per available room (RevPAR) fell 90% worldwide. Cruise line stocks have regained some lost ground as investors realize that pent-up demand for leisure travel will lead to higher bookings in the future. So, if the Centers for Disease Control lets Royal resume some cruises in the next few months, the company will generate some much-needed cash flow. All rights reserved. Planet Fitness: Headquartered in Hampton, NH, was formed in 1992. CFO Corey Sanders said that the company burned through $270 million a month. Royal Caribbean is technically not a hotel stock, but its cruise ships have many guest rooms available. But as long as more locations re-start business, the increase in bookings will happen at a measured pace. Nasdaq Revenue fell 12.7% year-over-year to 41.92 billion. The cutthroat decision puts the company in a position to hit the ground running once the crisis is over. While some investors see the sell-off as a long-term opportunity to invest at a discount, others see a long road ahead for the global travel industry to recover. 8 Best Investment Strategies During A Recession, 10 Consumer Discretionary Stocks Showing Unusual Options Activity In Today's Session, Unusual Options Activity Insight: Carnival, Why Wynn, MGM Resorts Are Trading Higher Today, 10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session, Privacy Policy / Do Not Sell My Personal Data. The company announced that they “… will practice social distancing, provide employee training and certification, provide hand sanitizer and wipes, increase contactless interactions, provide additional deep cleaning of high-touch surfaces and provide new standards for food and beverage service.”. The company posted hotel demand at the lowest it ever saw in the first quarter of the year. Royal is giving plenty of flexibility in re-booking and cancellations should safety circumstances change. The bearish bet against hotel stocks like Hyatt could pay off until the company reports higher occupancy rates, which could start happening in early summer. The hospitality industry in Singapore has been among the hardest hit industries due to travel curbs imposed in view of COVID-19. On December 17, Louis Navellier & Matt McCall will reveal the major events that will rock the markets in 2021. On March 13, the company completely withdrew its financial guidance and said its previous $30 to $40 million estimates were too conservative. Posted-In: Analyst Color Long Ideas Short Ideas Price Target Travel Top Stories Analyst Ratings Trading Ideas Best of Benzinga, Thank you for subscribing! Much like Booking, there’s no way to accurately forecast the company’s near-term outlook, so investors should proceed with caution. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. More information is available in the different sections of the S&P/ASX 200 Hotels Restaurants & Leisure page, such as: historical data, charts, technical analysis and others. FTSE 350 Travel & Leisure Constituents Real-time streaming quotes of the Travel & Leisure index components. This fell by 24.5% for U.S. hotels. Find the best leisure, amusement and recreation stocks for this year. Copyright © 2020 InvestorPlace Media, LLC. CFRA has a Hold rating and $47 price target for H stock. The leisure and hospitality supersector is part of the service-providing industries supersector group. UK Hotels Forecast 2020 - 2021. 1125 N. Charles St, Baltimore, MD 21201. 3 Leisure and Recreation Services Stocks to Keep a Close Eye On. Norweigan’s most recent commentary suggests the negative impacts of the COVID-19 outbreak will hurt the company’s business through at least the third quarter. It has $12.27 billion in long-term debt. 1125 N. Charles St, Baltimore, MD 21201. Apr. A daily collection of all things fintech, interesting developments and market updates. The leisure and hospitality sector is faced with an ever-changing burden of regulation, ranging from accounting standards to the apprenticeship levy and national living wage. The lockdown lift that began in Europe and followed in the U.S. offers some hope for IHG stock. If national parks are summer’s go-to vacation spots, then markets may already have paid too much for hotel stocks. CEO Mark Hoplamazian noted the tough operating conditions in the period and said it had enough liquidity for at least 30 months of operations. It also cut its dividend. And when its resorts reopen again, MGM will slow its near-term losses. Here are nine travel and leisure stocks to buy, sell and hold, according to CFRA. But customers may book trips without fear of losing money. Here are nine travel and leisure stocks to buy, sell and hold, according to CFRA. The company included a 45 cent impairment charge and bad debt expenses. Hospitality and Leisure. Typical of any optimistic executive, MGM Resorts CEO Bill Hornbuckle said that “there’s those who will come immediately, irrespective of the health concerns. MGM has said furloughed employees will get two weeks of pay during the closures. We can help you whether you are thinking of tackling the transition to IFRS accounting, wondering where you currently stand on troncs, trying to establish how the … As of this writing, the author did not hold a position in any of the aforementioned securities. CEO Arne Sorenson said that when beaches reopened in early May, “the Ritz-Carlton Bacara in Santa Barbara and our hotels in Hilton Head, South Carolina, for example, were expected to reach approximately 50% occupancy based on reservations on the book.”. Friday, December 11, 2020. Marriott withdrew its 2020 guidance on March 18 and said COVID-19 was significantly impacting its business across the board. All rights reserved. Health regulators may push back the permitted departure dates, which would increase risks for Royal Caribbean investors. In reality, customer fears may have a lasting impact on the cruise industry for years to come. There’s a bucket of people that we need to convince that it’s safe and it’s still a fun and encouraging and engaging environment.” So, investors should look at vacationing numbers in Las Vegas in the weeks ahead. Occupancy will climb slowly but steadily in North America next. The company faced a deteriorating bookings count starting in mid-February. This will allow the company to preserve its cash flow and to invest back in the business. Revenue fell by 29.2% to $2.25 billion. CFO Jason Liberty said that “while bookings still remain suppressed, they are better now than they were in mid-April, driven by improved trends for the fourth quarter of 2020 and 2021 sales. Everything you need to know about the market - quick & easy. In 2019, Sands generated 63% of its revenue in Macau, 22% in Singapore and only about 15% in Las Vegas and Bethlehem, PA. Macau casinos are already opened back up after a 15-day shutdown, but analysts are anticipating March Macau gross gaming revenue could still be down more than 70%, according to analyst estimates. GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. The silver lining for investors is that as of March 18, the picture in China had improved for Marriott, with only 30 China hotels remaining closed compared to 90 in the month of February. Visitors will not get to play poker. We will start by screening for travel and leisure stocks with a market capitalization of US$1-billion or more. Many investors are drawn to dividend stocks because they offer a regular flow of cash that doesn't depend on the market going up. The entire stock market is taking a beating from the coronavirus (COVID-19) outbreak, but travel bans and quarantines around the world have ground the travel industry to a halt. Booing relies heavily on travel in Europe and North America, where CFRA expects COVID-19 to have a major impact. Amobi said the company’s plans for between $1 billion and $1.5 billion in 2020 capital returns are likely out the window as it focuses on its balance sheet. Create one. Analyst Colin Scarola says it's mostly pointless to forecast financial outlooks for most airline stocks given the uncertainty related to the COVID-19 outbreak. CEO Matt Maddox said that “when any employee and any customer that wants to swab test, you can get it we have it on-site. Plus, the government is slowly allowing and even encouraging travel among the States. CFRA has a Sell rating and $12 price target for CCL stock. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. And while the recovery in hotel stocks may start with increased vacationing in the months ahead, a full recovery could take a few years. Comprehensive information about the S&P/ASX 200 Hotels Restaurants & Leisure index. The itineraries of travel and tourism stocks are getting re-written by the day as one of the hardest-hit sectors continues to grapple with the coronavirus outbreak. TheStreet Ratings publishes a daily list of top-rated stocks. Las Vegas Sands is one of the world’s largest casino companies, operating resorts in the U.S., Macau, China and Singapore. This will limit our results to the largest and most stable companies in the industry. Unfortunately, it suspended the buyback and dividend payments on March 26, when the stock traded at nearly half that price. The wash-out quarter suggests that earnings may only bounce from here. From endurance to recovery. Will You Be One of Them? A true and fuller reopening of the casinos will require regular customer and employee screening. Amobi says Carnival will likely get slammed by costs and lost revenue related to cancellations, travel restrictions and general aversion to leisure travel, especially on a ship with thousands of other travelers. In the first quarter, MGM reported an EPS loss of 45 cents (non-GAAP). The pandemic recession -- and the widespread U.S. business closures it spawned -- weighed on nearly all industries, as restaurants, hotels and entertainment businesses fared the worst. CFRA has a Hold rating and $1,177 price target for BKNG stock. Hyatt is one of the world’s largest hotel and hospitality companies. IHG partnered with Ecolab and Diversey in 2015 to get hygiene and cleaning services. The leisure and hospitality supersector consists of these sectors: Arts, Entertainment, and Recreation: NAICS 71; Accommodation and Food Services: NAICS 72; Workforce Statistics. Find out more at Intelligent Investor Search 230 industry tags and 520 player created tags, or suggest a new tag This will fuel a continued rally in the following seven hotel stocks: In the first quarter, Marriott reported earnings of 26 cents a share, down from $1.41 a share last year. Investors should not expect a strong surge in economic activity at the beginning of the reopening. Though it suspended its quarterly dividend, the savings will help offset the near-term losses ahead. CFRA has a Sell rating and $9 price target for NCLH stock. The hospitality and leisure industry embraces a spectrum of sectors and businesses across hotels, pubs and restaurants, travel and tourism, sport and leisure and gaming. For … A certain amount of business travel is necessary, and businesses will likely push to return to normal well before leisure travelers do. Industry Index: WSJ US Leisure/Arts/Hospitality Index (WSJMXUSLEAH) CFRA has a Hold rating and $43 price target for LVS stock. For daily updates, sign up for our coronavirus newsletter. Copyright © The hotel industry may not be as flashy as some other areas for investors. Amobi said investors should expect Expedia’s earnings, cash flow and financial condition to take a pounding. The U.S. is only in the early phases of a re-opening, so most consumers will limit their travel. Why should investors in hotel stocks bet that people will plan for vacations in the next couple of months? View More Analyst Ratings for CCL Will your money be safe? Hospitality Stocks. 13, 2015 5:26 AM ET | ... Monarch Casino & Resort, and RCI Hospitality Holdings. The company needs casinos open again after it … 17 analysts covering MAR stock have an average price target of $91.40 (according to Tipranks). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. On its most recent earnings call, management said COVID-19 had already triggered significant cancellations, reductions in new bookings and pricing pressures in Asia, which represents more than 20% of Booking’s total room nights. Featured - 4 items. Booking is a global online travel company and the owner of popular brands such as Priceline, Kayak and OpenTable. ... Hersha Hospitality is … It's one segment within the broader hospitality, or leisure, industry. Millions of People Will Be Blindsided in 2021. Its portfolio is comprised of more than 900 properties and 223,000 rooms in 29 different countries, but 83% of its 2019 revenue came from the U.S. Like most other travel companies, Hyatt completely withdrew its guidance on March 2. After summer unofficially started after Memorial Day weekend, vacations in 2020 will be completely different. The company needs casinos open again after it reported revenue dropping 42.3% to $953.7 million in Q1/2020. Conversely, based on its future cash flow, simplywall.st thinks the stock is worth almost $27. Conversely, the stock has a fair value of below $55, due to unfavorable P/E and price/sales. The company is not immune to elevating risks of another Covid-19 outbreak in the months ahead. By lowering the chances of spreading Covid-19, people will be less afraid of visiting. Hilton bought back 2.6 million shares at an average price of $107.26. The CEO said, “we’ll have to see how some of the change in the guidelines that are currently prohibiting or diminishing travel, once they start to come off, what the evolution is going to look like. It may balance operational expenses in line with customers returning to its hotels. My Top Hotel, Restaurant And Leisure Stocks For 2015. But as travel restrictions start to ease, IHG will have a better idea of the booking rates in the months ahead. … Sands’ U.S. properties are completely shut down due to COVID-19, but the good news for investors is that the U.S. accounts for a relatively small percentage of its total revenue. In addition to the Buy rating, CFRA has a $48 price target for SAVE stock. © 2020 Benzinga.com. We can provide practical guidance and help you navigate the challenges your business is facing. However, CFRA maintains a Buy rating for Spirit, and Scarola said Spirit was turning the corner financially prior to the outbreak, including reporting positive free cash flow in 2019 for the first time in six years. Marriott is the world’s largest hotel and hospitality company and owner of brands such as the Ritz-Carlton, St. Regis and Courtyard. Benzinga does not provide investment advice. Not only are cruise lines in the travel business, it's 100% leisure travel. We have selected five leisure stocks that investors can take a look at. quotes delayed at least 15 minutes, all others at least 20 minutes. Article printed from InvestorPlace Media, https://investorplace.com/2020/06/7-hotel-stocks-to-buy-before-vacationing-restarts/. Buy or sell from 197 Stocks including DIS, CCL, and NCLH. RevPAR fell in January and February, forcing the company to defer dividend considerations, cutting costs by $150 million. In Europe, where Marriott shut down three-quarters of its hotels, the business re-opening should help its revenue. Hotels are rarely the biggest stock gainers, best growth stocks, or the most active stocks on Wall Street, but that doesn’t mean that it’s not worth investing in them. On Feb. 13, Expedia said the COVID-19 outbreak in Asia would impact its first-quarter EBITDA by up to $40 million. Negative sentiment peaked for InterContinental Hotels stock on March 20. Still, HLT stock scores an 82/100 on quality: If consumer interest in vacations grows, Hilton is one of the first hotel firms that will benefit. Expedia is the top online travel competitor to Booking and owner of brands such as Vrbo, Orbitz and Hotels.com. At the same time, that uncertainty makes it extremely difficult to recommend buying any of the “big four” U.S. international airline stocks, no matter how appealing their valuations get relative to normalized earnings. As the company expands its cleanliness program followed by an enhanced effort launch on June 1, vacationers will have more confidence in staying at InterContinental. Millennium & Copthorne Hotels plc, operator of the Millennium, Copthorne and Kingsgate hotel chains, is a leading global hospitality management and real estate group, with 120 hotels in 79 business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. The table displays the share name and its latest price, as well as the daily high, low and change for each of the constituents. The average price target on MGM stock is $16.75. Despite the steady rally, vacation-related stocks in the airlines and cruise ship sector are also up. For now, stock selection could be critical as many of the top companies in the travel space have challenged balance sheets and essentially zero business for the time being. Conversely, investors may assign a low terminal revenue multiple and come up with a fair value of around $76 a share (from this finbox model). Analyst Tuna Amobi says there is simply too much uncertainty to buy the stock at this point after it completely withdrew its financial guidance on March 9. Conversely, with an 8% discount rate and a terminal revenue multiple of 7.1 times in a 5-year discounted cash flow revenue exit model, Marriott is worth ~$95 a share. CFRA has a Sell rating and $9 price target for MGM stock. That will also be available.”. There’s a lot of momentum in the hotel industry—and that means there is potential for stock returns. If you're looking for … The closures remain in effect until further notice and will last at least through mid-April in Las Vegas per a statewide order. Singapore hospitality REITs have seen their share prices crash by 40-50% between the start of year and April, and their share price … The cruise lines may end up being the epicenter of the COVID-19 shutdown. FOX News Videos Millennium & Copthorne Hotels plc, operator of the Millennium, Copthorne and Kingsgate hotel chains, is a leading global hospitality management and real estate group, with 120 hotels in 79 business and leisure destinations in Asia, Australasia, Europe, the Middle East and North America. Investors in hotel stocks may brace for a sharp decline in cash flow in the current quarter as reservations in the U.S. and Europe fall. Australian Leisure and Hospitality Group (ALH) Overview. FTSE 350 Travel & Leisure Components Real-time streaming quotes of the Travel & Leisure index components. The average price target on WYNN stock is $95.40 (from Tipranks). In the first quarter, the company reported a GAAP EPS loss of $6.91 as revenue fell 16.8% Y/Y to $2.03 billion. Despite the poor timing, business is starting to improve, led by a reopening of all 150 hotels previously closed in China. Wynn is not yet opening that many locations. Roughly 80% of the company’s revenue comes from North America. The company added $4 billion in debt to boost its liquidity while reducing debt maturities down by $400 million for the rest of 2020. A RevPAR stabilization in April suggests that its businesses in Greater China will continue to recover first. Investors need to look for leading indicators that will follow with stronger bookings at Hyatt. Amobi says COVID-19 will obviously have an extremely negative impact on the hotel business, and things could get ugly for Hyatt until investors see a clear light at the end of the tunnel. If visitor numbers bounce back better than thought, then MGM stock will continue its uptrend that began in mid-March. See Also: 8 Best Investment Strategies During A Recession. For now, an amended credit agreement and a debt raise will lift the company’s liquidity. To help ensure that the company survives the worst of the pandemic, Disney issued $7 billion in new debt to offset the $30 million in losses each day operations are halted.. With DIS trading nearly 35% below its all-time high, the stock is at a bargain. The second quarter was an abysmal one for the hotel industry. We have three various antibody tests that are going through EUA approval right now and one that already has it that we’re working on. We believe business transient travel will follow as businesses ramp up their activities.” With business travel restrictions, Hyatt will rely on vacation demand to pick up in the summer. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. A Stock Rover alert notes that H stock has a 13.5% short percentage of float. 2020 InvestorPlace Media, LLC. All rights reserved. It specializes in the franchise, management, and operation of hotels in China through the GreenTree Inns brand. RCL stock will continue to get a lift as bookings improve. CFRA has a Hold rating and $75 price target for MAR stock. Of the big three American international casino operators, MGM has the most business concentrated within the U.S. Benzinga is covering every angle of how the coronavirus affects the financial world. In the last quarter, Marriott started the year with strong momentum. Looking ahead, Senior Vice President Brad O’Bryan said, “you will likely see stronger demand in drive to resorts and leisure destinations initially. A lot of that will be dependent on people getting on airplanes.”. It took another 42 cents a share for guarantee reserves. Management said Asia-Pacific RevPAR was down nearly 25% in the months of January and February, while North American RevPAR was up 3.5% in that period. Hilton Worldwide reported non-GAAP earnings per share of 74 cents. RevPAR fell by 22% to 24% in the first quarter. Dec. 11, 2020, A Tidal Wave of Cash Is About to Hit the Markets, Top SPAC Merger News This Week: Canoo, XL Fleet, Microvast and 10 More Hot SPACs, 8 Battery Stocks That Electric Vehicle Companies Rely On, The 10 Most Reliable Value Stocks to Buy for 2021, 7 Cheap Stocks to Buy Before the Market Realizes their Worth. As a result, investors could bet on vacationing restarting in the next few weeks. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. These are the best stocks for hotel management companies and hotel REITs. In an effort to appeal to consumers across most demographics, many hotel enterprises own upscale, mid-level, and economy properties. Chris Nassetta, Hilton’s CEO, said, “I think an even better argument that people are going to want to see people more than ever.” If the hotel chain adds the necessary precautions like extra cleaning and the use of masks, people feel safer and are more likely to book a Hilton hotel room. From March 13 to March 16, MGM announced temporary closures of all its U.S. properties, essentially dropping more than 75% of its revenue inflow to zero. Companies in the Hotel/Gaming Industry may be divided into two categories, those that operate strictly in the hospitality market and those running resorts and/or gaming businesses. 1399 Internet Technology Application Group Inc. WBAI: 500.com Ltd. ADR Target for SAVE stock across the board the lowest it ever saw in the last quarter, marriott started year!, hospitality stocks now ahead of reopening: Strategist ground running once crisis... 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