|Bid||49.61 x 800|
|Ask||49.90 x 1000|
|Day's range||48.20 - 49.99|
|52-week range||24.02 - 94.98|
|Beta (5Y monthly)||1.41|
|PE ratio (TTM)||8.71|
|Earnings date||29 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||25 Feb 2020|
|1y target est||56.68|
Hyatt (H) is planning to expand Alila Brand in Americas. In an effort to counter competition, it continues to expand presence domestically and internationally.
Hyatt Hotels Corporation announced today plans for the first new-build Alila resort in the Americas, located in Encinitas, California.
Hyatt (H) is planning to open two new properties - Thompson Savannah and Thompson Buckhead - expected to open in Georgia in 2021.
Hyatt announced today the continued growth of the Thompson Hotels brand throughout the Southern United States.
It may be a bizarre time to launch a new hotel brand. But it’s also never too soon to start looking for opportunities, according to the My Place Hotels of America executive team. My Place just launched Trend Hotels & Suites, a new collection of extended stay and upper-midscale and upscale hotels, earlier this month. […]
Hotel operators have long battled with online travel agencies, but the OTAs appear to have won the struggle against one hotel-backed competitor. Roomkey.com is no longer providing hotel search functions, the company announced Monday. But the operational suspension may not equate to a swan song for the hotel booking search engine. Roomkey is “in the […]
(Bloomberg) -- Antsy city dwellers seeking to escape their Covid-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially ground to a halt in March.“People, after having been stuck in their homes for a few months, do want to get out of their houses; that’s really, really clear,” Airbnb Inc. Chief Executive Officer Brian Chesky said in an interview. “But they don’t necessarily want to get on an airplane and are not yet comfortable leaving their countries.”Airbnb saw more nights booked for U.S. listings between May 17 and June 3 than the same period in 2019, and a similar boost in domestic travel globally. The San Francisco-based home-share company is seeing an increase in demand for domestic bookings in countries from Germany to Portugal, South Korea, New Zealand and more. Other companies, including Expedia Group Inc.’s Vrbo and Booking Holdings Inc. are also seeing a jump in domestic vacation-rental reservations.U.S. searches for Vrbo are now up compared to this time last year, according to a note by Cowen & Co. analyst Kevin Kopelman on Monday, and Airbnb queries are down only around 10%. However, hotels and the wider Expedia brand have yet to get any summer relief with searches still down more than 60%.International sojourns usually planned months in advance are being replaced with impulsive road trips booked a day before and weekend getaways are turning into weeks-long respites, Chesky said. Previously, a New Yorker might have headed to Paris for a week in June. Now they are going to the Catskills for a month. “Work from home is becoming working from any home,” he said.Still, any rebound is coming from a very low base. The travel sector was gutted by the Covid-19 pandemic. Online travel agencies struggled to withstand unprecedented cancellations and air travel passenger traffic that fell 95%. Airbnb and Tripadvisor Inc. cut a quarter of their workforces and Chesky said last month that he expects revenue this year to be half of 2019’s level. Booking was forced to apply for government aid. In an annual shareholder report last week, Booking CEO Glenn Fogel said the pandemic would impact global travel more than the 9/11 terrorist attacks, the SARS epidemic and the 2008 financial crisis combined.But months of pent-up demand is leading to a rush of summer reservations. Airbnb has more listings today than it did before the crisis, according to Chesky. The top destinations in the U.S. on Airbnb are almost exclusively traditional vacation rental markets such as Big Bear Lake in southern California, the Smoky Mountains, along the Tennessee-North Carolina border, and Port Aransas in Texas, according to the company.The unexpected speed of the comeback has kept Airbnb’s plans for a 2020 public market debut afloat. Chesky had originally planned to file paperwork for an offering March 31, but was waylaid by the pandemic-related market turmoil that led to speculation the listing would be shelved until next year. However, Chesky says it’s still an option. “We’re not ruling out going public this year and we’re not committing to it,” he said. Airbnb was valued at $31 billion in its most recent private fund-raising round, though recent debt issuance to shore up its finances have significantly reduced that valuation.Since the pandemic began, the percentage of bookings on Airbnb within 200 miles (322 kilometers) -- a round trip travelers can typically complete on one tank of gas -- has grown from a third in February to more than 50% in May. Travel in a post-Covid world is shifting “from airplane to car, big city to small location, hotel to home,” Chesky said.Vrbo is seeing similar trends as popular tourist states like Florida and Maine reopen. There’s an “immediate pop” as soon as a destination opens, said Jeff Hurst, president of Vrbo, which accounts for about 20% of Expedia’s total revenue. “If you draw a 250- mile circle around any major metro -- every place where you see water in there or mountains or national parks, the homes around it are what’s starting to get booked up,” Hurst said.Hotels aren’t as prevalent in more rural locations. And even where they are, travelers are preferring to stay in vacation homes so they can cook in their own kitchens, control who comes and goes and avoid crowded common areas like lobbies, Hurst said. To help salvage the summer season, Airbnb and Vrbo have enforced confidence-boosting policies that include flexible cancellations and new standards for cleaning.“We have seen a faster recovery within alternative accommodations than in hotels,” Morgan Stanley analyst Brain Nowak wrote in a note last week. Shares in hotel companies such as Marriott International Inc., Hyatt Hotels Corp. and Hilton Worldwide Holdings Inc. have dropped by more than 20% this year, compared with Expedia and Booking, which have fallen as much as 14%.People are eager for open spaces like beach towns or mountain villages, which is sparking the vacation rental rebound, said Naved Khan, an analyst at Suntrust Robinson Humphrey Inc. “Little by little we are seeing it unfold before us as people are feeling bold enough to venture out and stay at another place for a couple of nights and most of the time these places are homes and villas.”Searches for vacation rentals on Google are about at the same level as last year, while hotel searches are down, said Booking Holdings Chief Marketing Officer Arjan Dijk. Consumer appetite has completely changed from a year ago, he said. Significantly more users are signing on to the company’s wish list function and indicating interest in domestic homes over international ones. In fact, the company has seen its business shift to more than 70% domestic travel from 45% the same period last year, he said.Demand for air travel is also showing some early signs of life after all but collapsing. Daily passenger numbers in the U.S. climbed to 391,882 on June 4, the highest since March 22, according to the Transportation Security Administration. But the average daily total over the past seven days was still 87% less than during the same period a year ago. American Airlines Group Inc. said it would boost July flights 74% compared with this month, though the number of flights in July will be about 40% of capacity a year earlier, compared with 30% in June, the airline said Thursday.“It’s going to be awhile before people start crossing borders, getting into planes or traveling for business,” Chesky said. The big question on his mind now, as he weighs taking his startup public, is whether the spike in recent bookings turns into a sustainable trend. “The long-term question is what does it look like in a year or five years and that’s really anyone’s guess,” he said. Chesky won’t be celebrating until the market stabilizes. “I had a rule that even in our darkest of hours I wouldn’t get too low because that’s just a moment in time,” he said. “And if I can’t get too low, then I can’t get too up.”(Updates with analyst note in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Today we'll evaluate Hyatt Hotels Corporation (NYSE:H) to determine whether it could have potential as an investment...
Guided by its purpose to care for people so they can be their best, Hyatt Hotels Corporation (NYSE: H) today announced an extension to its cancellation policy that will provide further flexibility as guests start making travel decisions again.
The chief executives of some of the largest U.S. hotel companies expressed support Tuesday for peaceful protests in response to ongoing examples of racial injustice across America. Crowds continued to protest in U.S. municipalities of all sizes this week in light of the death of George Floyd in Minneapolis while in police custody. Some of […]
The world’s largest hotel companies expect independent hoteliers to flock to flag affiliations and their accompanying global reach during the coronavirus recovery to rebuild business. Don’t hold your breath, says an organization representing boutique hotels. The Boutique Lifestyle Leaders Association and partner organization StayBoutique launched this week the BoutiqueStrong campaign and council to provide boutique […]
Travel stocks, including Expedia (NASDAQ: EXPE), Tripadvisor (NASDAQ: TRIP), Hyatt Hotels (NYSE: H), and Marriott International (NASDAQ: MAR), were climbing today on enthusiasm about a broader economic recovery and new entrants in the race toward a vaccine. At the same time, the S&P 500 was trading 1.7% higher.
The world’s biggest hotel companies are banking on brand conversions to fuel growth out of the coronavirus downturn in travel. But changing flags on a property isn’t always a silver bullet to drive new revenues. Travel demand plummeted in the first quarter while coronavirus spread around the world. But hotel executives still saw opportunities amid […]
Hyatt said it had also cut pay for senior management, board members and all employees in corporate offices as part of a restructuring, adding that the staff who were being laid off would be eligible for severance pay. "Due to the historic drop in travel demand and the expected slow pace of recovery, Hyatt has made the extremely difficult decision to implement layoffs and restructure roles across its global corporate functions, beginning June 1, 2020," Hyatt said in a statement.
While the terminations are referred to as "layoffs," the press release refers to the employees' eligibility to receive severance pay, making it clear these are permanent layoffs and not simply more furloughs. Back in March, Hyatt furloughed or cut pay for approximately two-thirds of its workforce, responding to catastrophically nosediving demand for hotel rooms during COVID-19's near-shutdown of global travel. Now, however, Hyatt notes the "slow pace of recovery" as calling for even more drastic financial measures to help it survive.
Saluting those at the epicenter of America's COVID-19 epidemic, Hyatt Hotels (NYSE: H) is partnering with American Airlines (NASDAQ: AAL) to provide more than 4,000 doctors, nurses, and others from NYC Health + Hospitals/Elmhurst with free round trips redeemable later in the year. Every worker at the healthcare facility is included in the specially arranged package. The trips will involve round-trip American Airlines flights to and from select destinations in both the United States and the Caribbean islands.
Marriott International's (MAR) first-quarter results hurt by sharp decline in RevPAR and occupancy rates owing to the coronavirus pandemic.
Ladies and gentlemen, thank you for standing by, and welcome to the Hyatt First Quarter 2020 Earnings Conference Call. Good morning, everyone, and thank you for joining us for Hyatt's First Quarter 2020 Earnings Conference Call. On the call today are Mark Hoplamazian, Hyatt's President and Chief Executive Officer; and Joan Bottarini, Hyatt's Chief Financial Officer.
In recognition of the extraordinary care they provide to their community, American Airlines (NASDAQ: AAL) and Hyatt Hotels Corporation (NYSE: H) today announced American Airlines and Hyatt will award thousands of healthcare professionals from NYC Health + Hospitals/Elmhurst three-night complimentary vacations to help them recharge and reconnect with their loved ones, once they are able to take time for themselves.
One of the largest U.S. lodging real estate investment trusts expects leisure travel to bounce back from the coronavirus downturn in travel first, but the company is still banking on business group bookings. Host Hotels & Resorts, owner of hotels like the New York Marriott Marquis and the Manchester Grand Hyatt San Diego, lost $630 […]
Hyatt leadership is watching select Asian markets navigate the early phase of coronavirus recovery to gauge how the rest of the world will return to some degree of operational normalcy. A third of Hyatt’s hotels around the world have suspended operations due to declines in occupancy and travel demand during the coronavirus pandemic. But China […]