The U.S. is only in the early phases of a re-opening, so most consumers will limit their travel. 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. CFRA has a Hold rating and $49 price target for EXPE stock. 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 … Much like Booking, there’s no way to accurately forecast the company’s near-term outlook, so investors should proceed with caution. As a result, investors could bet on vacationing restarting in the next few weeks. A RevPAR stabilization in April suggests that its businesses in Greater China will continue to recover first. Copyright © 2020 InvestorPlace Media, LLC. Find out more at Intelligent Investor … 13, 2015 5:26 AM ET | ... Monarch Casino & Resort, and RCI Hospitality Holdings. This will fuel a continued rally in the following seven hotel stocks: In the first quarter, Marriott reported earnings of 26 cents a share, down from $1.41 a share last year. The company needs casinos open again after it reported revenue dropping 42.3% to $953.7 million in Q1/2020. 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.”. Hilton bought back 2.6 million shares at an average price of $107.26. Marriott is the world’s largest hotel and hospitality company and owner of brands such as the Ritz-Carlton, St. Regis and Courtyard. By lowering the chances of spreading Covid-19, people will be less afraid of visiting. But as travel restrictions start to ease, IHG will have a better idea of the booking rates in the months ahead. 1125 N. Charles St, Baltimore, MD 21201. GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. RevPAR fell by 22% to 24% in the first quarter. Unfortunately, it suspended the buyback and dividend payments on March 26, when the stock traded at nearly half that price. 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. In the first quarter, MGM reported an EPS loss of 45 cents (non-GAAP). It specializes in the franchise, management, and operation of hotels in China through the GreenTree Inns brand. View More Analyst Ratings for CCL Revenue fell 12.7% year-over-year to 41.92 billion. Sands’ U.S. properties are completely shut down due to COVID-19, but the good news for investors is that the U.S. accounts for a relatively small percentage of its total revenue. Create one. The bearish bet against hotel stocks like Hyatt could pay off until the company reports higher occupancy rates, which could start happening in early summer. CFO Jason Liberty said that “while bookings still remain suppressed, they are better now than they were in mid-April, driven by improved trends for the fourth quarter of 2020 and 2021 sales. Plus, the government is slowly allowing and even encouraging travel among the States. 17 analysts covering MAR stock have an average price target of $91.40 (according to Tipranks). The lockdown lift that began in Europe and followed in the U.S. offers some hope for IHG stock. Industry Index: WSJ US Leisure/Arts/Hospitality Index (WSJMXUSLEAH) Here are nine travel and leisure stocks to buy, sell and hold, according to CFRA. The cutthroat decision puts the company in a position to hit the ground running once the crisis is over. CFO Corey Sanders said that the company burned through $270 million a month. 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. This will allow the company to preserve its cash flow and to invest back in the business. A true and fuller reopening of the casinos will require regular customer and employee screening. Marriott withdrew its 2020 guidance on March 18 and said COVID-19 was significantly impacting its business across the board. MGM has said furloughed employees will get two weeks of pay during the closures. Source: Michael Neil Thomas / Shutterstock.com, 7 Hotel Stocks to Buy Before Vacationing Restarts, 8 Next Energy Solutions as We Pass Peak Oil, Fisker Stock Has the Potential for Big Future Gains, Louis Navellier and the InvestorPlace Research Staff, What Did the Stock Market Do? Apr. View the Latest Analyst Ratings. All rights reserved. 1399 Internet Technology Application Group Inc. WBAI: 500.com Ltd. ADR The hotel industry may not be as flashy as some other areas for investors. quotes delayed at least 15 minutes, all others at least 20 minutes. The leisure and hospitality supersector consists of these sectors: Arts, Entertainment, and Recreation: NAICS 71; Accommodation and Food Services: NAICS 72; Workforce Statistics. Dec. 11, 2020, A Tidal Wave of Cash Is About to Hit the Markets, Top SPAC Merger News This Week: Canoo, XL Fleet, Microvast and 10 More Hot SPACs, 8 Battery Stocks That Electric Vehicle Companies Rely On, The 10 Most Reliable Value Stocks to Buy for 2021, 7 Cheap Stocks to Buy Before the Market Realizes their Worth. Analyst Tuna Amobi says there is simply too much uncertainty to buy the stock at this point after it completely withdrew its financial guidance on March 9. But revenue per available room (RevPAR) fell 90% worldwide. 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