We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hyatt (H) Expands Further in Seattle, Unveils New Property
Read MoreHide Full Article
Given the improving economic indicators in the U.S., demand for hotels has started to grow. Going forward, though increasing supply growth is expected to limit occupancy levels, overall demand in the U.S. is anticipated to remain solid on the back of firming group travel.
Leading hotelier, Hyatt Hotels Corporation (H - Free Report) is also undertaking various steps to cash in on this opportunity. Recently, the company unveiled its newest property – Hyatt Regency Lake Washington at Seattle’s Southport – which is the only waterfront hotel within 10 miles of Seattle-Tacoma International Airport.
The 347-roomed hotel encompasses 60,000-square-feet of indoor and outdoor event spaces, a spa, and two food and beverage outlets, among other amenities. In fact, this property forms part of over 175 Hyatt Regency locations in more than 30 countries and also marks the brand’s third hotel in Seattle area.
Meanwhile, it is to be noted that Hyatt is consistently trying to expand its presence worldwide and capitalize on demand for hotels in international markets, in addition to domestic lands. Expansion in these lucrative markets should help the company gain market share in the hospitality industry, thus boosting its business.
The company aims to continue gaining market share globally on its solid brand portfolio, and innovative and exceptional personalized service to guests. Furthermore, its remodeled loyalty program as well as innovative offerings should boost occupancy.
In fact, the extension of the Hyatt brand beyond traditional hotel stays, into the swiftly growing wellness space with the Miraval acquisition also bodes well. Going forward, the company aims to build a greater depth of proficiency in wellness and mindfulness that can be extended to the company’s hotel business.
However, shares of Hyatt have underperformed the Zacks categorized Hotels & Motels industry in the last six months. While the industry has gained 12.7%, Hyatt has declined 0.4%. Additionally, earnings estimates for current quarter and current year have moved slightly down over the last two months, reflecting anxiety in analysts’ minds.
Lingering political uncertainties in key international markets along with currency headwinds remain concerns for Hyatt as well as most of the other hotel chains including Marriott International, Inc. (MAR - Free Report) , Hilton Worldwide Holdings (HLT - Free Report) and Wyndham Worldwide Corporation .
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Hyatt (H) Expands Further in Seattle, Unveils New Property
Given the improving economic indicators in the U.S., demand for hotels has started to grow. Going forward, though increasing supply growth is expected to limit occupancy levels, overall demand in the U.S. is anticipated to remain solid on the back of firming group travel.
Leading hotelier, Hyatt Hotels Corporation (H - Free Report) is also undertaking various steps to cash in on this opportunity. Recently, the company unveiled its newest property – Hyatt Regency Lake Washington at Seattle’s Southport – which is the only waterfront hotel within 10 miles of Seattle-Tacoma International Airport.
The 347-roomed hotel encompasses 60,000-square-feet of indoor and outdoor event spaces, a spa, and two food and beverage outlets, among other amenities. In fact, this property forms part of over 175 Hyatt Regency locations in more than 30 countries and also marks the brand’s third hotel in Seattle area.
Meanwhile, it is to be noted that Hyatt is consistently trying to expand its presence worldwide and capitalize on demand for hotels in international markets, in addition to domestic lands. Expansion in these lucrative markets should help the company gain market share in the hospitality industry, thus boosting its business.
The company aims to continue gaining market share globally on its solid brand portfolio, and innovative and exceptional personalized service to guests. Furthermore, its remodeled loyalty program as well as innovative offerings should boost occupancy.
In fact, the extension of the Hyatt brand beyond traditional hotel stays, into the swiftly growing wellness space with the Miraval acquisition also bodes well. Going forward, the company aims to build a greater depth of proficiency in wellness and mindfulness that can be extended to the company’s hotel business.
However, shares of Hyatt have underperformed the Zacks categorized Hotels & Motels industry in the last six months. While the industry has gained 12.7%, Hyatt has declined 0.4%. Additionally, earnings estimates for current quarter and current year have moved slightly down over the last two months, reflecting anxiety in analysts’ minds.
Lingering political uncertainties in key international markets along with currency headwinds remain concerns for Hyatt as well as most of the other hotel chains including Marriott International, Inc. (MAR - Free Report) , Hilton Worldwide Holdings (HLT - Free Report) and Wyndham Worldwide Corporation .
Nevertheless, a strong developmental pipeline, consistent expansion plans and a differentiated brand portfolio should continue driving growth for this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>