Hyatt (H) stock has had a volatile ride so far in 2017. The stock fell 1.0% in January, and it fell 6.2% in February as well. Hyatt stock rose 5.1% in March and rose 5.6% in April. Hyatt will report 1Q17 earnings on May 4, 2017.
Year-to-date (or YTD) through April 26, 2017, the Hyatt stock has gained 3.1%, underperforming its peers. Hilton (HLT) stock has risen 3.5% YTD, and Marriott (MAR) stock is up ~15.8% YTD following the acquisition of Starwood.
Intercontinental Hotel Group has gained 17.3% in the same period. Wyndham Hotels (WYN) has outperformed its peers, rising 30.2% YTD.
Because hotel stays are a discretionary expenditure, we can also compare hotel stock performance to the consumer discretionary sector. The SPDR S&P 500 ETF (SPY) is a good way to track this sector, and it has gained 6.8% year-to-date in 2017.
In this series, we’ll assess Hyatt’s performance across several key metrics. We’ll also look at analyst estimates for Hyatt’s 1Q17 performance, and we’ll wrap up the series with a discussion on valuation multiples.