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) Boosts Ziva Portfolio With New Hotel in Mexico
Read MoreHide Full Article
In a bid to strengthen its Ziva portfolio across Mexico, Hyatt Hotels Corporation (H - Free Report) , in collaboration with Playa Hotels & Resorts (PLYA - Free Report) , recently announced the opening of Hyatt Ziva Riviera Cancun. The property will be operated by Playa Hotels & Resorts.
Located between the crystalline waters of the Caribbean Sea and the lagoon of Bahia Petempich, the 438-room resort showcases dramatic ambiance, vibrant cuisine, local culture, and state-of-the-art amenities. The resort comprises luxurious suites, spa-like bathrooms, hot tubs, turndown service and high-tech entertainment offerings. It also comes with a restaurant, a bar, lounges, swimming pools and a fitness centre. The resort features 51,000 square feet of total function space, which includes meeting and event spaces as well as dining options.
With respect to the opening, Frank Lavey, senior vice president of Global Operations, Hyatt, stated, “We’re thrilled that Hyatt Ziva Riviera Cancun is welcoming guests and World of Hyatt members to experience the Hyatt Ziva brand in Mexico, a key leisure destination this year. This addition to the Hyatt Ziva portfolio offers a sophisticated, multi-generational stay in the exciting Riviera Cancun region.”
Improved Demand Bodes Well
As the economy is opening up, signs of improvement can be witnessed in the United States and Mainland China. The upside can be primarily attributed to rise in leisure transient demand, widespread vaccine availability and reduced travel restrictions. During second-quarter 2021, RevPAR in the regions came in at 80% of the pre-pandemic levels. Notable markets that contributed to increased RevPAR include the Europe, Southeast Asia and the Middle East. The company witnessed recovery in properties in Mexico and certain parts of the Caribbean on a year-over-year basis. Going forward, it expects the momentum to continue, subject to successful vaccination rollouts as well as leniency in travel restrictions.
Image Source: Zacks Investment Research
In the past year, shares of Hyatt have gained 43.8% compared with the industry’s 36.1% growth.
Some better-ranked stocks in the Zacks Consumer Discretionary sector are Crocs, Inc. (CROX - Free Report) and Civeo Corporation (CVEO - Free Report) . Crocs sports a Zacks Rank #1, while Civeo carries a Zacks Rank #2 (Buy).
Crocs’ 2021 earnings are expected to surge 114%.
Civeo Corporation has a three-five year earnings per share growth rate of 10%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hyatt (H) Boosts Ziva Portfolio With New Hotel in Mexico
In a bid to strengthen its Ziva portfolio across Mexico, Hyatt Hotels Corporation (H - Free Report) , in collaboration with Playa Hotels & Resorts (PLYA - Free Report) , recently announced the opening of Hyatt Ziva Riviera Cancun. The property will be operated by Playa Hotels & Resorts.
Located between the crystalline waters of the Caribbean Sea and the lagoon of Bahia Petempich, the 438-room resort showcases dramatic ambiance, vibrant cuisine, local culture, and state-of-the-art amenities. The resort comprises luxurious suites, spa-like bathrooms, hot tubs, turndown service and high-tech entertainment offerings. It also comes with a restaurant, a bar, lounges, swimming pools and a fitness centre. The resort features 51,000 square feet of total function space, which includes meeting and event spaces as well as dining options.
With respect to the opening, Frank Lavey, senior vice president of Global Operations, Hyatt, stated, “We’re thrilled that Hyatt Ziva Riviera Cancun is welcoming guests and World of Hyatt members to experience the Hyatt Ziva brand in Mexico, a key leisure destination this year. This addition to the Hyatt Ziva portfolio offers a sophisticated, multi-generational stay in the exciting Riviera Cancun region.”
Improved Demand Bodes Well
As the economy is opening up, signs of improvement can be witnessed in the United States and Mainland China. The upside can be primarily attributed to rise in leisure transient demand, widespread vaccine availability and reduced travel restrictions. During second-quarter 2021, RevPAR in the regions came in at 80% of the pre-pandemic levels. Notable markets that contributed to increased RevPAR include the Europe, Southeast Asia and the Middle East. The company witnessed recovery in properties in Mexico and certain parts of the Caribbean on a year-over-year basis. Going forward, it expects the momentum to continue, subject to successful vaccination rollouts as well as leniency in travel restrictions.
Image Source: Zacks Investment Research
In the past year, shares of Hyatt have gained 43.8% compared with the industry’s 36.1% growth.
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 Crocs, Inc. (CROX - Free Report) and Civeo Corporation (CVEO - Free Report) . Crocs sports a Zacks Rank #1, while Civeo carries a Zacks Rank #2 (Buy).
Crocs’ 2021 earnings are expected to surge 114%.
Civeo Corporation has a three-five year earnings per share growth rate of 10%.