InterContinental Hotels rose to a record high after the Holiday Inn owner reported better-than-expected 2016 profits and boosted its dividend payment amid ongoing pressure from new entrants such as AirBnB. InterContinental Hotels rose to an all-time high Monday after the Holiday Inn owner reported better-than-expected 2016 profits and boosted its dividend payment amid ongoing pressure from new entrants such as AirBnB.
Category: Hotels
Here’s the One Hotel That Could Absolutely Blow Everyone Away With Its Earnings on Wednesday
Wednesday will be a big day for hotel stocks as 2016 fourth quarter earnings results filter in from Hilton Worldwide , Marriott Int’l and Choice Hotels Int’l . Analysts surveyed by Factset are expecting Marriott, boosted by its September $13 billion acquisition of Starwood Hotels & Resorts , to crush results.
Why Marriott, Canadian Pacific, Vodafone Are About to Skyrocket
There’s a colossal rally taking shape in some of the biggest stocks on the market – but you’ve got to look beneath the surface of the big indices to see it. That’s because, while the S&P 500 has already managed to generate a respectable 2.5% gain year-to-date, the best-performing segment of the index is on fire right now.
Why Shares of Hyatt Hotels Rose 23% in 2016
The hotel sector looks to be in a good state right now, which helped Wall Street reward the company along with its peers. During the most recent quarter, Hyatt’s sales increased just 3.3% year over year, but its earnings rose 148% to $61 million.
Macau Is Growing Up — Here’s What’s New in the Chinese Gaming Mecca
Macau’s resort landscape has grown substantially in the last year, even though its gaming revenue has suffered so much since 2014. Fool contributor and former Macau local Seth McNew gives insights on what companies like Las Vegas Sands 10 stocks we like better than Wynn Resorts When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
Wynn Shares Skyrocket Despite Ugly Earnings Miss
Wynn Resorts shares jumped 7.6% to $102.80 in late trading Thursday despite the gaming company reporting a wide fourth-quarter earnings miss. The company reported a 37.3% increase in net revenue of $1.3 billion for the quarter with adjusted earnings of 50 cents a share, well short of analysts’ expectations for earnings of 67 cents a share.
Marriott Sees Record Growth Due to Industry Boom
Riding on the boom in the lodging industry, Marriott Int’l saw record growth in the amount of rooms it opened in 2016. Marriott opened 55,000 rooms this past year, excluding the 381,000 gained through its September $13 billion acquisition of Starwood Hotels & Resorts Worldwide , the Bethesda, Md.-based company said in a statement on Monday.
A Wyndham-Choice Hotels Merger Could Unleash Value, Analyst Says
Wolfe Research analyst said Wyndham Worldwide could return 19% more value to shareholders if it merges with Choice Hotels . Wyndham Worldwide has deep value to unlock and if the Parsippany, N.J.-based hospitality company wants to unleash it, they should merge with Choice Hotels Int.’
Rain at J.P. Morgan Health Meeting Is a Tonic for Hotel Revenue
At this year’s annual meeting of health-care executives and investors in San Francisco, an industry criticized over the high prices of its drugs got a taste of its own medicine. The four-day J.P. Morgan Healthcare Conference, known more for speed-date meetings and deals than actual presentations, this year packed thousands of investors, bankers and executives into the rain-soaked Union Square neighborhood.
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Depending on how you look at it, that could be a good or bad thing. Wynn also opened its most expensive resort ever, the $4.4 billion Wynn Palace in the Cotai region of Macau, which should eventually bring hundreds of millions of cash into the business each year.
Marriott Stock: Is It Too Late to Buy In?
The hotel industry is not a high-growth segment of the market with a lot of surprises, particularly not at the top, where companies have thousands of properties and forecast low-single-digit changes in sales. Yet Marriott International shares have grown 25% so far in 2016.
Will Wynn Resorts, Limited Raise Its Dividend in 2017?
At as high as 7.5% dividend yield in the recent past , Wynn has since slashed its dividend to now just 2% over the trailing 12 months. Things are starting to look good for Wynn’s underlying business once more — could this lead to a dividend raise in the year ahead? Wynn Resorts stock rose massively in the run-up to 2014 thanks largely to the rise in Macau, the gaming mecca off the coast of Mainland China that, at its height, was earning around seven times the gaming revenue of Las Vegas.
Do Not Disturb: Why Marriott and Hilton’s Franchise Model Works
Franchising in the hotel space has been growing in recent years. Hotel brands, or “flags” as they are referred to by industry insiders, are lending their name and likeness to third party owners, while the building and operations are run by the franchisee .
3 Reasons Wynn Resorts, Limited Stock Could Rise
However, trading now at around $92, shares are still down drastically from over $250 in 2014. Here are three reasons the bull run the stock has been on in 2016 could continue.