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.
Category: Marriott International
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.
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.
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.
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 .