However, CFRA maintains a Buy rating for Spirit, and Scarola said Spirit was turning the corner financially prior to the outbreak, including reporting positive free cash flow in 2019 for the first time in six years. Conversely, the stock has a fair value of below $55, due to unfavorable P/E and price/sales. CFRA has a Sell rating and $12 price target for CCL stock. Singapore hospitality REITs have seen their share prices crash by 40-50% between the start of year and April, and their share price … The cutthroat decision puts the company in a position to hit the ground running once the crisis is over. FTSE 350 Travel & Leisure Components Real-time streaming quotes of the Travel & Leisure index components. Millions of People Will Be Blindsided in 2021. In 2019, 47% of MGM’s revenue came from the Las Vegas Strip, 29% came from other U.S. regional operations and just 24% came from Macau. The U.S. is only in the early phases of a re-opening, so most consumers will limit their travel. As a result, investors could bet on vacationing restarting in the next few weeks. It took another 42 cents a share for guarantee reserves. Amobi said investors should expect Expedia’s earnings, cash flow and financial condition to take a pounding. Expedia is the top online travel competitor to Booking and owner of brands such as Vrbo, Orbitz and Hotels.com. But as travel restrictions start to ease, IHG will have a better idea of the booking rates in the months ahead. The table displays the share name and its latest price, as well as the daily high, low and change for each of the constituents. Posted-In: Analyst Color Long Ideas Short Ideas Price Target Travel Top Stories Analyst Ratings Trading Ideas Best of Benzinga, Thank you for subscribing! This fell to the lowest level by mid-March. Marriott is the world’s largest hotel and hospitality company and owner of brands such as the Ritz-Carlton, St. Regis and Courtyard. Occupancy, RevPAR, and hotel EBITDA cratered, causing hospitality REITs to report atrocious results. The good news for Norweigian investors is that Amobi recently said he sees relatively limited near-term downside for the stock after its 79.3% sell-off in the past three months. This will allow the company to preserve its cash flow and to invest back in the business. If you're looking for … IHG partnered with Ecolab and Diversey in 2015 to get hygiene and cleaning services. Why should investors in hotel stocks bet that people will plan for vacations in the next couple of months? In 2019, Sands generated 63% of its revenue in Macau, 22% in Singapore and only about 15% in Las Vegas and Bethlehem, PA. Macau casinos are already opened back up after a 15-day shutdown, but analysts are anticipating March Macau gross gaming revenue could still be down more than 70%, according to analyst estimates. Planet Fitness: Headquartered in Hampton, NH, was formed in 1992. Not only are cruise lines in the travel business, it's 100% leisure travel. The lockdown lift that began in Europe and followed in the U.S. offers some hope for IHG stock. The silver lining for investors is that as of March 18, the picture in China had improved for Marriott, with only 30 China hotels remaining closed compared to 90 in the month of February. Hilton Worldwide reported non-GAAP earnings per share of 74 cents. The average price target on MGM stock is $16.75. CFRA has a Hold rating and $49 price target for EXPE stock. Comprehensive information about the S&P/ASX 200 Hotels Restaurants & Leisure index. The company announced that they “… will practice social distancing, provide employee training and certification, provide hand sanitizer and wipes, increase contactless interactions, provide additional deep cleaning of high-touch surfaces and provide new standards for food and beverage service.”. Management said Asia-Pacific RevPAR was down nearly 25% in the months of January and February, while North American RevPAR was up 3.5% in that period. We can help you whether you are thinking of tackling the transition to IFRS accounting, wondering where you currently stand on troncs, trying to establish how the … Here are nine travel and leisure stocks to buy, sell and hold, according to CFRA. Roughly 80% of the company’s revenue comes from North America. After summer unofficially started after Memorial Day weekend, vacations in 2020 will be completely different. Though it suspended its quarterly dividend, the savings will help offset the near-term losses ahead. 17 analysts covering MAR stock have an average price target of $91.40 (according to Tipranks). We believe business transient travel will follow as businesses ramp up their activities.” With business travel restrictions, Hyatt will rely on vacation demand to pick up in the summer. It may balance operational expenses in line with customers returning to its hotels. In an effort to appeal to consumers across most demographics, many hotel enterprises own upscale, mid-level, and economy properties. 2020 InvestorPlace Media, LLC. As the company expands its cleanliness program followed by an enhanced effort launch on June 1, vacationers will have more confidence in staying at InterContinental. On Wall Street, the average price target is nearly $78 (per Tipranks). In reality, customer fears may have a lasting impact on the cruise industry for years to come. CFRA has a Sell rating and $9 price target for NCLH stock. View More Analyst Ratings for CCL For now, an amended credit agreement and a debt raise will lift the company’s liquidity. Hilton bought back 2.6 million shares at an average price of $107.26. The hotel industry may not be as flashy as some other areas for investors. CFRA has a Hold rating and $75 price target for MAR stock. CFRA has a Hold rating and $1,177 price target for BKNG stock. But as long as more locations re-start business, the increase in bookings will happen at a measured pace. FTSE 350 Travel & Leisure Constituents Real-time streaming quotes of the Travel & Leisure index components. Hospitality Stocks. TheStreet Ratings publishes a daily list of top-rated stocks. CEO Matt Maddox said that “when any employee and any customer that wants to swab test, you can get it we have it on-site. Marriott withdrew its 2020 guidance on March 18 and said COVID-19 was significantly impacting its business across the board. Unfortunately, it suspended the buyback and dividend payments on March 26, when the stock traded at nearly half that price. UK Hotels Forecast 2020 - 2021. Find the best leisure, amusement and recreation stocks for this year. Hyatt reported RevPAR falling by 28.1% Y/Y in the first quarter. Plus, the government is slowly allowing and even encouraging travel among the States. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. A Stock Rover alert notes that H stock has a 13.5% short percentage of float. For daily updates, sign up for our coronavirus newsletter. In the first quarter, MGM reported an EPS loss of 45 cents (non-GAAP). To help ensure that the company survives the worst of the pandemic, Disney issued $7 billion in new debt to offset the $30 million in losses each day operations are halted.. With DIS trading nearly 35% below its all-time high, the stock is at a bargain. By lowering the chances of spreading Covid-19, people will be less afraid of visiting. A lot of that will be dependent on people getting on airplanes.”. In addition to the Buy rating, CFRA has a $48 price target for SAVE stock. It had previously been calling for 2020 comparable systemwide RevPAR growth of between -0.5% and +1.5% and EBITDA of between $760 million and $780 million. Buy leisure, hospitality stocks now ahead of reopening: Strategist. Buy or sell from 197 Stocks including DIS, CCL, and NCLH. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. We have three various antibody tests that are going through EUA approval right now and one that already has it that we’re working on. This will limit our results to the largest and most stable companies in the industry. Analyst Colin Scarola says it's mostly pointless to forecast financial outlooks for most airline stocks given the uncertainty related to the COVID-19 outbreak. Royal is giving plenty of flexibility in re-booking and cancellations should safety circumstances change. My Top Hotel, Restaurant And Leisure Stocks For 2015. GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. It has $12.27 billion in long-term debt. Featured - 4 items. CEO Mark Hoplamazian noted the tough operating conditions in the period and said it had enough liquidity for at least 30 months of operations. Typical of any optimistic executive, MGM Resorts CEO Bill Hornbuckle said that “there’s those who will come immediately, irrespective of the health concerns. Revenue fell 12.7% year-over-year to 41.92 billion. The CEO said, “we’ll have to see how some of the change in the guidelines that are currently prohibiting or diminishing travel, once they start to come off, what the evolution is going to look like. Amobi said the company’s plans for between $1 billion and $1.5 billion in 2020 capital returns are likely out the window as it focuses on its balance sheet. CFRA has a Sell rating and $9 price target for MGM stock. It's one segment within the broader hospitality, or leisure, industry. 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