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Hyatt (H) Inks Contract With Tamdeen, Expands Hyatt Regency
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Hyatt Hotels Corporation (H - Free Report) recently signed a contract with Tamdeen Group to open Hyatt Regency Al Kout Mall in Kuwait. The property marks Hyatt’s second management agreement with Tamdeen Group, one of the largest privately held conglomerates in Kuwait.
The new property is under renovation and is likely to open in January 2019. It is in close proximity to Kuwait International Airport that will provide easy connectivity to business travelers. Meanwhile, Grand Hyatt Kuwait, the company’s first collaboration with the group, will be launched in 2020.
The latest move underscores Hyatt’s efforts to expand and strengthen its Regency brand in the Middle East. Meanwhile, shares of Hyatt have declined 1.2% compared with the industry’s decline of 17.6% in a year.
Continual Expansion — A Major Growth Driver
Hyatt continues to expand its presence in Asia Pacific, Europe, Africa, Middle East and Latin America. Meanwhile, the company’s new brand signings globally have consistently outpaced its openings and this trend is expected to continue. Hyatt registered net room growth of 7.6% on a year-over-year basis in third-quarter 2018, which marked the 14th successive quarter of growth above 6%.
The company’s development pipeline grew roughly 6% in the third quarter compared with the prior-year quarter. For 2018, the company expects to grow units on a net room basis by roughly 6.5-7%. As of Sep 30, 2018, the company entered into management or franchise contracts for around 340 hotels or 73,000 rooms.
Meanwhile, the recent hotel addition should fortify the Hyatt Regency brand’s global presence and boost revenues from EAME/SW Asia Management and Franchising segment. In fact, in the third quarter of 2018, revenues at the segment increased 17% (21.1% in a constant currency) year over year to $21 million.
Belmond has an expected current-year earnings growth rate of 150%.
Peak Resorts has an expected 2019 earnings growth rate of 342.9%.
DISH Network has an expected current-year earnings growth rate of 11.8%.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Hyatt (H) Inks Contract With Tamdeen, Expands Hyatt Regency
Hyatt Hotels Corporation (H - Free Report) recently signed a contract with Tamdeen Group to open Hyatt Regency Al Kout Mall in Kuwait. The property marks Hyatt’s second management agreement with Tamdeen Group, one of the largest privately held conglomerates in Kuwait.
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The new property is under renovation and is likely to open in January 2019. It is in close proximity to Kuwait International Airport that will provide easy connectivity to business travelers. Meanwhile, Grand Hyatt Kuwait, the company’s first collaboration with the group, will be launched in 2020.
The latest move underscores Hyatt’s efforts to expand and strengthen its Regency brand in the Middle East. Meanwhile, shares of Hyatt have declined 1.2% compared with the industry’s decline of 17.6% in a year.
Continual Expansion — A Major Growth Driver
Hyatt continues to expand its presence in Asia Pacific, Europe, Africa, Middle East and Latin America. Meanwhile, the company’s new brand signings globally have consistently outpaced its openings and this trend is expected to continue. Hyatt registered net room growth of 7.6% on a year-over-year basis in third-quarter 2018, which marked the 14th successive quarter of growth above 6%.
The company’s development pipeline grew roughly 6% in the third quarter compared with the prior-year quarter. For 2018, the company expects to grow units on a net room basis by roughly 6.5-7%. As of Sep 30, 2018, the company entered into management or franchise contracts for around 340 hotels or 73,000 rooms.
Meanwhile, the recent hotel addition should fortify the Hyatt Regency brand’s global presence and boost revenues from EAME/SW Asia Management and Franchising segment. In fact, in the third quarter of 2018, revenues at the segment increased 17% (21.1% in a constant currency) year over year to $21 million.
Zacks Rank & Stocks to Consider
Hyatt carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the Consumer-Discretionary sector are Belmond Ltd. , Peak Resorts, Inc. and DISH Network Corporation . While both Belmond and Peak Resorts carry a Zacks Rank #1 (Strong Buy), DISH Network carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Belmond has an expected current-year earnings growth rate of 150%.
Peak Resorts has an expected 2019 earnings growth rate of 342.9%.
DISH Network has an expected current-year earnings growth rate of 11.8%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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