Hyatt Hotels Corporation (H - Free Report) aims to create a distinction between its brands by providing distinct travel experiences. It is also consistently trying to expand its presence worldwide and plans to expand in Asia-Pacific, Europe, Africa, the Middle East and Latin America.
In a bid to strengthen its portfolio in the U.K., Hyatt’s affiliate recently entered into a franchise agreement with Edinburgh International Conference Centre to open Hyatt Centric Edinburgh Haymarket. The hotel will be joining Hyatt Centric Cambridge, thereby marking the second Hyatt Centric brand opening in the country. The company anticipates opening the hotel in mid-2025.
Located in Scotland, the full-service lifestyle hotel comprises 349-rooms, a gym, four meeting rooms and dining spaces. The property offers convenient access to Edinburgh International Airport and is in proximity to several leisure attractions such as Edinburgh Castle, the National Museum of Scotland, and the Old Town.
With reference to the opening, Felicity Black-Roberts, vice president development for Europe and North Africa, Hyatt, stated, “This new-build development demonstrates Hyatt’s commitment to growing its portfolio of lifestyle brands across the U.K, in locations that matter most to our guests, members, customers, and owners.”
Backed by the high demand for leisure travel, Hyatt announced plans to expand its presence across the Americas region. Recently, the company in collaboration with ownership group Diestra Realty, S.A. de C.V. announced plans for the opening of Grand Hyatt Cancún Beach Resort, in Quintana Roo, Mexico. The company expects to open the property in 2024 summer season.
With emphasis on its transition to a leisure-driven portfolio, expansion in these markets will likely help the company gain market share in the hospitality industry and boost business.
Focus on New Hotel openings
The company continues to expand its presence to drive growth. During the first quarter of 2022, 13 new hotels (or 2,690 rooms) joined Hyatt's system contributing to strong net rooms growth of 18.6% year over year. As of Mar 31, 2022, the company had executed management or franchise contracts for approximately 540 hotels (or 113,000 rooms). Going forward, it remains optimistic about full-service growth opportunities, comprising both newbuilds and conversions globally. In 2022, the company anticipates unit growth to increase by approximately 6% on a net-room basis.
Price Performance
Coming to price performance, shares of the company have gained 13.3% in the past year compared with the industry’s 0.4% growth. The company is benefitting from solid leisure transient demand, integration of Apple Leisure Group and asset disposition commitment. Also, sequential improvements in group travel and business transient demand bode well. As people return to the office, travel restrictions are eased and more cross-border travel resumes, the company remains optimistic about the recovery of business transient and its continued momentum over the back half of the year. Earnings estimates for 2023 have increased in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.
Zacks Rank & Key Picks
Hyatt currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the Zacks Consumer Discretionary sector are Civeo Corporation (CVEO - Free Report) , Bluegreen Vacations Holding Corporation and Funko, Inc. (FNKO - Free Report) .
Civeo sports a Zacks Rank #1 at present. The company has a trailing four-quarter earnings surprise of 1,565.1%, on average. Shares of the company have increased 68.9% in the past year.
The Zacks Consensus Estimate for CVEO’s 2022 sales and earnings per share (EPS) suggests growth of 12.5% and 1,450%, respectively, from the year-ago period’s levels.
Bluegreen Vacations sports a Zacks Rank #1. BVH has a trailing four-quarter earnings surprise of 85.9%, on average. The stock has increased 36.8% in the past year.
The Zacks Consensus Estimate for BVH’s current financial year sales and EPS indicates growth of 11.2% and 35.1%, respectively, from the year-ago period’s reported levels.
Funko carries a Zacks Rank #2 (Buy). FNKO has a trailing four-quarter earnings surprise of 78.7%, on average. Shares of the company have declined 12.2% in the past year.
The Zacks Consensus Estimate for Funko’s current financial year sales and EPS suggests growth of 26.8% and 31%, respectively, from the year-ago period’s reported levels.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Hyatt Hotels Corporation (H - Free Report) aims to create a distinction between its brands by providing distinct travel experiences. It is also consistently trying to expand its presence worldwide and plans to expand in Asia-Pacific, Europe, Africa, the Middle East and Latin America.
In a bid to strengthen its portfolio in the U.K., Hyatt’s affiliate recently entered into a franchise agreement with Edinburgh International Conference Centre to open Hyatt Centric Edinburgh Haymarket. The hotel will be joining Hyatt Centric Cambridge, thereby marking the second Hyatt Centric brand opening in the country. The company anticipates opening the hotel in mid-2025.
Located in Scotland, the full-service lifestyle hotel comprises 349-rooms, a gym, four meeting rooms and dining spaces. The property offers convenient access to Edinburgh International Airport and is in proximity to several leisure attractions such as Edinburgh Castle, the National Museum of Scotland, and the Old Town.
With reference to the opening, Felicity Black-Roberts, vice president development for Europe and North Africa, Hyatt, stated, “This new-build development demonstrates Hyatt’s commitment to growing its portfolio of lifestyle brands across the U.K, in locations that matter most to our guests, members, customers, and owners.”
Backed by the high demand for leisure travel, Hyatt announced plans to expand its presence across the Americas region. Recently, the company in collaboration with ownership group Diestra Realty, S.A. de C.V. announced plans for the opening of Grand Hyatt Cancún Beach Resort, in Quintana Roo, Mexico. The company expects to open the property in 2024 summer season.
With emphasis on its transition to a leisure-driven portfolio, expansion in these markets will likely help the company gain market share in the hospitality industry and boost business.
Focus on New Hotel openings
The company continues to expand its presence to drive growth. During the first quarter of 2022, 13 new hotels (or 2,690 rooms) joined Hyatt's system contributing to strong net rooms growth of 18.6% year over year. As of Mar 31, 2022, the company had executed management or franchise contracts for approximately 540 hotels (or 113,000 rooms). Going forward, it remains optimistic about full-service growth opportunities, comprising both newbuilds and conversions globally. In 2022, the company anticipates unit growth to increase by approximately 6% on a net-room basis.
Price Performance
Coming to price performance, shares of the company have gained 13.3% in the past year compared with the industry’s 0.4% growth. The company is benefitting from solid leisure transient demand, integration of Apple Leisure Group and asset disposition commitment. Also, sequential improvements in group travel and business transient demand bode well. As people return to the office, travel restrictions are eased and more cross-border travel resumes, the company remains optimistic about the recovery of business transient and its continued momentum over the back half of the year. Earnings estimates for 2023 have increased in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.
Zacks Rank & Key Picks
Hyatt currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the Zacks Consumer Discretionary sector are Civeo Corporation (CVEO - Free Report) , Bluegreen Vacations Holding Corporation and Funko, Inc. (FNKO - Free Report) .
Civeo sports a Zacks Rank #1 at present. The company has a trailing four-quarter earnings surprise of 1,565.1%, on average. Shares of the company have increased 68.9% in the past year.
The Zacks Consensus Estimate for CVEO’s 2022 sales and earnings per share (EPS) suggests growth of 12.5% and 1,450%, respectively, from the year-ago period’s levels.
Bluegreen Vacations sports a Zacks Rank #1. BVH has a trailing four-quarter earnings surprise of 85.9%, on average. The stock has increased 36.8% in the past year.
The Zacks Consensus Estimate for BVH’s current financial year sales and EPS indicates growth of 11.2% and 35.1%, respectively, from the year-ago period’s reported levels.
Funko carries a Zacks Rank #2 (Buy). FNKO has a trailing four-quarter earnings surprise of 78.7%, on average. Shares of the company have declined 12.2% in the past year.
The Zacks Consensus Estimate for Funko’s current financial year sales and EPS suggests growth of 26.8% and 31%, respectively, from the year-ago period’s reported levels.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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