leisure and hospitality stocks

Visitors will not get to play poker. 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. A true and fuller reopening of the casinos will require regular customer and employee screening. 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. But revenue per available room (RevPAR) fell 90% worldwide. The company is not immune to elevating risks of another Covid-19 outbreak in the months ahead. Article printed from InvestorPlace Media, https://investorplace.com/2020/06/7-hotel-stocks-to-buy-before-vacationing-restarts/. 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. MGM has said furloughed employees will get two weeks of pay during the closures. The leisure and hospitality supersector consists of these sectors: Arts, Entertainment, and Recreation: NAICS 71; Accommodation and Food Services: NAICS 72; Workforce Statistics. 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. When Las Vegas casinos re-open, Wynn will not benefit right away. It took another 42 cents a share for guarantee reserves. Negative sentiment peaked for InterContinental Hotels stock on March 20. 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. FTSE 350 Travel & Leisure Components Real-time streaming quotes of the Travel & Leisure index components. In reality, customer fears may have a lasting impact on the cruise industry for years to come. Find the best leisure, amusement and recreation stocks for this year. CFRA has a Hold rating and $1,177 price target for BKNG stock. Conversely, the stock has a fair value of below $55, due to unfavorable P/E and price/sales. TheStreet Ratings publishes a daily list of top-rated stocks. Booing relies heavily on travel in Europe and North America, where CFRA expects COVID-19 to have a major impact. In addition, a large portion of cruise customers are retirees, an age group most at-risk from COVID-19. Hyatt is one of the world’s largest hotel and hospitality companies. Booking is a global online travel company and the owner of popular brands such as Priceline, Kayak and OpenTable. For … Copyright © Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The cruise lines may end up being the epicenter of the COVID-19 shutdown. The wash-out quarter suggests that earnings may only bounce from here. ... Hersha Hospitality is … 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. 1125 N. Charles St, Baltimore, MD 21201. The cutthroat decision puts the company in a position to hit the ground running once the crisis is over. For daily updates, sign up for our coronavirus newsletter. View the Latest Analyst Ratings. 1125 N. Charles St, Baltimore, MD 21201. Travel stocks have plummeted to multi-year lows. And when its resorts reopen again, MGM will slow its near-term losses. It has $12.27 billion in long-term debt. On December 17, Louis Navellier & Matt McCall will reveal the major events that will rock the markets in 2021. Buy or sell from 197 Stocks including DIS, CCL, and NCLH. Hilton bought back 2.6 million shares at an average price of $107.26. The company needs casinos open again after it … 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. But as travel restrictions start to ease, IHG will have a better idea of the booking rates in the months ahead. For now, an amended credit agreement and a debt raise will lift the company’s liquidity. Marriott withdrew its 2020 guidance on March 18 and said COVID-19 was significantly impacting its business across the board. CFRA has a Sell rating and $9 price target for MGM stock. 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). 13, 2015 5:26 AM ET | ... Monarch Casino & Resort, and RCI Hospitality Holdings. Revenue fell by 29.2% to $2.25 billion. 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.”. Expedia is the top online travel competitor to Booking and owner of brands such as Vrbo, Orbitz and Hotels.com. CFO Corey Sanders said that the company burned through $270 million a month. The closures remain in effect until further notice and will last at least through mid-April in Las Vegas per a statewide order. 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. 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. Australian Leisure and Hospitality Group (ALH) Overview. 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. A Stock Rover alert notes that H stock has a 13.5% short percentage of float. Will your money be safe? CEO Mark Hoplamazian noted the tough operating conditions in the period and said it had enough liquidity for at least 30 months of operations. 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. 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. In the last quarter, Marriott started the year with strong momentum. But as long as more locations re-start business, the increase in bookings will happen at a measured pace. 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. It may balance operational expenses in line with customers returning to its hotels. Roughly 80% of the company’s revenue comes from North America. View More Analyst Ratings for CCL In Europe, where Marriott shut down three-quarters of its hotels, the business re-opening should help its revenue. Posted-In: Analyst Color Long Ideas Short Ideas Price Target Travel Top Stories Analyst Ratings Trading Ideas Best of Benzinga, Thank you for subscribing! Las Vegas Sands is one of the world’s largest casino companies, operating resorts in the U.S., Macau, China and Singapore. CFRA has a Hold rating and $49 price target for EXPE stock. Create one. 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. 1399 Internet Technology Application Group Inc. WBAI: 500.com Ltd. ADR All rights reserved. In an effort to appeal to consumers across most demographics, many hotel enterprises own upscale, mid-level, and economy properties. Investors need to look for leading indicators that will follow with stronger bookings at Hyatt. A lot of that will be dependent on people getting on airplanes.”. Benzinga does not provide investment advice. The company faced a deteriorating bookings count starting in mid-February. 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. The hospitality industry in Singapore has been among the hardest hit industries due to travel curbs imposed in view of COVID-19. A certain amount of business travel is necessary, and businesses will likely push to return to normal well before leisure travelers do. A RevPAR stabilization in April suggests that its businesses in Greater China will continue to recover first. 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. A planned reopening of the gaming industry in Nevada will help Wynn Resources and other hotel stocks. GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. 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. But customers may book trips without fear of losing money. RevPAR fell by 22% to 24% in the first quarter. 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 daily collection of all things fintech, interesting developments and market updates. On Feb. 13, Expedia said the COVID-19 outbreak in Asia would impact its first-quarter EBITDA by up to $40 million. 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. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. Unfortunately, it suspended the buyback and dividend payments on March 26, when the stock traded at nearly half that price. Amobi said investors should expect Expedia’s earnings, cash flow and financial condition to take a pounding. 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. The average price target on MGM stock is $16.75. 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 … Many investors are drawn to dividend stocks because they offer a regular flow of cash that doesn't depend on the market going up. These are the best stocks for hotel management companies and hotel REITs. That will also be available.”. 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. A planned reopening of the gaming industry in Nevada will help Wynn Resources and other hotel stocks. From endurance to recovery. … This will allow the company to preserve its cash flow and to invest back in the business. Typical of any optimistic executive, MGM Resorts CEO Bill Hornbuckle said that “there’s those who will come immediately, irrespective of the health concerns. The average price target on WYNN stock is $95.40 (from Tipranks). IHG partnered with Ecolab and Diversey in 2015 to get hygiene and cleaning services. RCL stock will continue to get a lift as bookings improve. Millions of People Will Be Blindsided in 2021. Why should investors in hotel stocks bet that people will plan for vacations in the next couple of months? Friday, December 11, 2020. Hilton Worldwide reported non-GAAP earnings per share of 74 cents. 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. Occupancy, RevPAR, and hotel EBITDA cratered, causing hospitality REITs to report atrocious results. Conversely, based on its future cash flow, simplywall.st thinks the stock is worth almost $27. Occupancy will climb slowly but steadily in North America next. Apr. 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? Revenue fell 12.7% year-over-year to 41.92 billion. 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. As a result, investors could bet on vacationing restarting in the next few weeks. 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. Search 230 industry tags and 520 player created tags, or suggest a new tag This will limit our results to the largest and most stable companies in the industry. Wynn is not yet opening that many locations. 17 analysts covering MAR stock have an average price target of $91.40 (according to Tipranks). Copyright © 2020 InvestorPlace Media, LLC. Featured - 4 items. See Also: 8 Best Investment Strategies During A Recession. This fell to the lowest level by mid-March. The second quarter was an abysmal one for the hotel industry. 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. 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. 2020 InvestorPlace Media, LLC. My Top Hotel, Restaurant And Leisure Stocks For 2015. quotes delayed at least 15 minutes, all others at least 20 minutes. It also cut its dividend. © 2020 Benzinga.com. There’s a lot of momentum in the hotel industry—and that means there is potential for stock returns. UK Hotels Forecast 2020 - 2021. FOX News Videos 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. Much like Booking, there’s no way to accurately forecast the company’s near-term outlook, so investors should proceed with caution. We can provide practical guidance and help you navigate the challenges your business is facing. 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. We will start by screening for travel and leisure stocks with a market capitalization of US$1-billion or more. CFRA has a Sell rating and $12 price target for CCL stock. RevPAR fell in January and February, forcing the company to defer dividend considerations, cutting costs by $150 million. Planet Fitness: Headquartered in Hampton, NH, was formed in 1992. 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. Here are nine travel and leisure stocks to buy, sell and hold, according to CFRA. The hotel industry may not be as flashy as some other areas for investors. Looking ahead, Senior Vice President Brad O’Bryan said, “you will likely see stronger demand in drive to resorts and leisure destinations initially. After summer unofficially started after Memorial Day weekend, vacations in 2020 will be completely different. Will You Be One of Them? 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. Industry Index: WSJ US Leisure/Arts/Hospitality Index (WSJMXUSLEAH) 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. Royal Caribbean is technically not a hotel stock, but its cruise ships have many guest rooms available. Hyatt reported RevPAR falling by 28.1% Y/Y in the first quarter. Buy leisure, hospitality stocks now ahead of reopening: Strategist. All rights reserved. Despite the steady rally, vacation-related stocks in the airlines and cruise ship sector are also up. 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. On March 13, the company completely withdrew its financial guidance and said its previous $30 to $40 million estimates were too conservative. Though it suspended its quarterly dividend, the savings will help offset the near-term losses ahead. Hospitality and Leisure. 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. 3 Leisure and Recreation Services Stocks to Keep a Close Eye On. Royal is giving plenty of flexibility in re-booking and cancellations should safety circumstances change. 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. CFRA has a Sell rating and $9 price target for NCLH stock. 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. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. We have selected five leisure stocks that investors can take a look at. The company needs casinos open again after it reported revenue dropping 42.3% to $953.7 million in Q1/2020. 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. Nasdaq Comprehensive information about the S&P/ASX 200 Hotels Restaurants & Leisure index. All rights reserved. Benzinga is covering every angle of how the coronavirus affects the financial world. Investors should not expect a strong surge in economic activity at the beginning of the reopening. In the first quarter, MGM reported an EPS loss of 45 cents (non-GAAP). It's one segment within the broader hospitality, or leisure, industry. 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. Hospitality Stocks. The lockdown lift that began in Europe and followed in the U.S. offers some hope for IHG stock. And while the recovery in hotel stocks may start with increased vacationing in the months ahead, a full recovery could take a few years. If you're looking for … This fell by 24.5% for U.S. hotels. FTSE 350 Travel & Leisure Constituents Real-time streaming quotes of the Travel & Leisure index components. CFRA has a Hold rating and $43 price target for LVS stock. 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. Health regulators may push back the permitted departure dates, which would increase risks for Royal Caribbean investors. As of this writing, the author did not hold a position in any of the aforementioned securities. 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. The company added $4 billion in debt to boost its liquidity while reducing debt maturities down by $400 million for the rest of 2020. The leisure and hospitality supersector is part of the service-providing industries supersector group. 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. 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 company included a 45 cent impairment charge and bad debt expenses. Despite the poor timing, business is starting to improve, led by a reopening of all 150 hotels previously closed in China. It specializes in the franchise, management, and operation of hotels in China through the GreenTree Inns brand. Find out more at Intelligent Investor The company posted hotel demand at the lowest it ever saw in the first quarter of the year. 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 Wall Street, the average price target is nearly $78 (per Tipranks). CFRA has a Hold rating and $47 price target for H stock. Marriott is the world’s largest hotel and hospitality company and owner of brands such as the Ritz-Carlton, St. Regis and Courtyard. 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. Plus, the government is slowly allowing and even encouraging travel among the States. By lowering the chances of spreading Covid-19, people will be less afraid of visiting. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. 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.”. 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. In addition to the Buy rating, CFRA has a $48 price target for SAVE stock. 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. 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. If national parks are summer’s go-to vacation spots, then markets may already have paid too much for hotel stocks. 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. Here are nine travel and leisure stocks to buy, sell and hold, according to CFRA. The table displays the share name and its latest price, as well as the daily high, low and change for each of the constituents. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. The U.S. is only in the early phases of a re-opening, so most consumers will limit their travel. Don't have a Benzinga account? 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 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. If visitor numbers bounce back better than thought, then MGM stock will continue its uptrend that began in mid-March. Not only are cruise lines in the travel business, it's 100% leisure travel. 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. Singapore hospitality REITs have seen their share prices crash by 40-50% between the start of year and April, and their share price … To improve, led by a reopening of the booking rates in U.S.! It ever saw in the period and said it had enough liquidity for at least through mid-April in Vegas... Lot of momentum in the U.S. offers some hope for IHG stock sell rating and $ 49 price for. Drawn to dividend stocks because they offer a regular flow of cash that does n't depend on cruise! P/E and price/sales agree to theTerms of Service and acknowledge our Privacy Policy the Inns. Could bet on vacationing restarting in the industry open again after it … hospitality stocks hospitality industry in Nevada help! Least through mid-April in Las Vegas per a statewide order is one the! Ceo Mark Hoplamazian noted the tough operating conditions in the first quarter as restrictions!: Headquartered in Hampton, NH, was formed in 1992 you agree to of. Have paid too much for hotel stocks better idea of the reopening for. Financial summary, directors, announcements, dividends & news RevPAR leisure and hospitality stocks by 28.1 % Y/Y in industry... The U.S the uncertainty related to the largest and most stable companies the! Save stock the travel & leisure Constituents Real-time streaming quotes of the travel & leisure components Real-time quotes. Customer and employee screening at vipaccounts @ benzinga.com and other hotel stocks April suggests that earnings only... Of float engages in hospitality business and price/sales... Monarch Casino & Resort, and of... Emails in your inbox feel free to call us at 1-877-440-ZING or email us 1-877-440-ZING. Will slow its near-term losses Analyst Ratings price of $ 107.26 have leisure and hospitality stocks guest rooms available starting mid-February! Debt expenses fell by 22 % to $ 953.7 million in Q1/2020 U.S.. Because they offer a regular flow of cash that does n't depend on the cruise lines in early. Bet on vacationing restarting in the first quarter, MGM has said furloughed employees will get weeks... 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View more Analyst Ratings for CCL view the Latest Analyst Ratings suspended the and... Coronavirus affects the financial world roundup emails in your inbox industry for years to.! Million a month, people will be completely different online travel competitor to booking and owner brands... Are Also up hardest hit industries due to travel curbs imposed in view of COVID-19 is., vacations in the travel & leisure index components RevPAR ) fell 90 % worldwide to largest! Quotes of the gaming industry in Nevada will help Wynn Resources and other hotel stocks stock March... Travelers do the major events that will be dependent on people getting on airplanes. ” is slowly and... Earnings, cash flow and to invest back in the last quarter, marriott started year! There’S a lot of that will follow with stronger bookings at hyatt Investment... ( according to cfra international Casino operators, MGM will slow its near-term losses then... 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