We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Hilton (HLT) Sparks a New Era With Premium Economy Debut
Read MoreHide Full Article
Hilton Worldwide Holdings Inc. (HLT - Free Report) has ignited the premium economy category with the grand opening of Spark by Hilton Mystic Groton. This marks the company's swift entry into the sector, with over 400 opportunities in development.
Spark by Hilton Mystic Groton, strategically situated near I-95 in Mystic, CT, offers 120 inviting guest rooms and a seasonal outdoor pool. The brand distinguishes itself with a 24-hour retail market, complimentary breakfast with premium offerings and dynamic public spaces for various activities.
Spark is part of Hilton Honors, offering members exclusive benefits and digital tools. Hilton's Chief Brand Officer, Matt Schuyler, highlighted the brand's unprecedented speed from announcement to market, showcasing its commitment to innovation.
As Spark gains momentum, HLT is poised to reshape the premium economy segment and redefine the landscape of affordable yet high-quality travel experiences. Mystic Groton debut is just the beginning, with many more Sparks on the horizon, solidifying Hilton's position as a pioneer in this evolving hospitality industry.
Shares of the company have gained 29.9% in the past year compared with the industry’s growth of 26.2%.
Image Source: Zacks Investment Research
Expansion Efforts Bode Well
In a bid to maintain its position as the fastest-growing global hospitality company, Hilton continues to drive unit growth. During second-quarter 2023, it opened 92 new hotels. HLT also achieved net unit growth of nearly 11,200 rooms.
During the quarter, HLT unveiled its 2,900th Hampton Inn and 600th Home2 Suites property. Further, it announced the opening of Hilton Okinawa, Miyako Island Resort in Japan and Conrad Shenzhen in China.
In May 2023, the company introduced a new brand with a working title — Project H3. The initiative includes apartment-style accommodations to meet specific needs of long-stay travelers, particularly the growing workforce-travel market.
As of Jun 30, 2023, Hilton's development pipeline comprised nearly 3,060 hotels, with almost 440,900 rooms across 116 countries and territories. This includes 30 countries and territories where it currently has no running hotels. For 2023, management expects net unit growth to be approximately 5%.
STRA has a trailing four-quarter earnings surprise of 12.1%, on average. The stock has gained 23.1% in the past year. The Zacks Consensus Estimate for STRA’s 2023 sales and earnings per share (EPS) indicates growth of 4.9% and 27.9%, respectively, from the year-ago period’s levels.
Choice Hotels International, Inc. (CHH - Free Report) carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 3.1%, on average. The stock has gained 4.2% in the past year.
The Zacks Consensus Estimate for CHH’s 2023 sales and EPS suggests increases of 10.7% and 13.7%, respectively, from the year-ago levels.
OneSpaWorld Holdings Limited (OSW - Free Report) currently sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 42.6%, on average. The stock has gained 34% in the past year.
The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates rises of 44.5% and 117.9%, respectively, from the year-ago period’s levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Hilton (HLT) Sparks a New Era With Premium Economy Debut
Hilton Worldwide Holdings Inc. (HLT - Free Report) has ignited the premium economy category with the grand opening of Spark by Hilton Mystic Groton. This marks the company's swift entry into the sector, with over 400 opportunities in development.
Spark by Hilton Mystic Groton, strategically situated near I-95 in Mystic, CT, offers 120 inviting guest rooms and a seasonal outdoor pool. The brand distinguishes itself with a 24-hour retail market, complimentary breakfast with premium offerings and dynamic public spaces for various activities.
Spark is part of Hilton Honors, offering members exclusive benefits and digital tools. Hilton's Chief Brand Officer, Matt Schuyler, highlighted the brand's unprecedented speed from announcement to market, showcasing its commitment to innovation.
As Spark gains momentum, HLT is poised to reshape the premium economy segment and redefine the landscape of affordable yet high-quality travel experiences. Mystic Groton debut is just the beginning, with many more Sparks on the horizon, solidifying Hilton's position as a pioneer in this evolving hospitality industry.
Shares of the company have gained 29.9% in the past year compared with the industry’s growth of 26.2%.
Image Source: Zacks Investment Research
Expansion Efforts Bode Well
In a bid to maintain its position as the fastest-growing global hospitality company, Hilton continues to drive unit growth. During second-quarter 2023, it opened 92 new hotels. HLT also achieved net unit growth of nearly 11,200 rooms.
During the quarter, HLT unveiled its 2,900th Hampton Inn and 600th Home2 Suites property. Further, it announced the opening of Hilton Okinawa, Miyako Island Resort in Japan and Conrad Shenzhen in China.
In May 2023, the company introduced a new brand with a working title — Project H3. The initiative includes apartment-style accommodations to meet specific needs of long-stay travelers, particularly the growing workforce-travel market.
As of Jun 30, 2023, Hilton's development pipeline comprised nearly 3,060 hotels, with almost 440,900 rooms across 116 countries and territories. This includes 30 countries and territories where it currently has no running hotels. For 2023, management expects net unit growth to be approximately 5%.
Zacks Rank & Other Key Picks
HLT currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the Zacks Consumer Discretionary sector are:
Strategic Education, Inc. (STRA - Free Report) presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
STRA has a trailing four-quarter earnings surprise of 12.1%, on average. The stock has gained 23.1% in the past year. The Zacks Consensus Estimate for STRA’s 2023 sales and earnings per share (EPS) indicates growth of 4.9% and 27.9%, respectively, from the year-ago period’s levels.
Choice Hotels International, Inc. (CHH - Free Report) carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 3.1%, on average. The stock has gained 4.2% in the past year.
The Zacks Consensus Estimate for CHH’s 2023 sales and EPS suggests increases of 10.7% and 13.7%, respectively, from the year-ago levels.
OneSpaWorld Holdings Limited (OSW - Free Report) currently sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 42.6%, on average. The stock has gained 34% in the past year.
The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates rises of 44.5% and 117.9%, respectively, from the year-ago period’s levels.