Hyatt Hotels Corporation

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  • Overview: Hilton Worldwide Holdings Inc.
    Consumer

    Overview: Hilton Worldwide Holdings Inc.

    Hilton Worldwide Holdings is one of the largest hospitality companies in the world. It was founded in 1919 by Conrad Hilton. The company started when he bought his first hotel in Texas.

    By Teresa Cederholm
  • uploads///Hilton EBITDA
    Earnings Report

    What Analysts Recommend for Hilton ahead of 1Q17 Results

    Hilton’s consensus 12-month target price is $64.6, which indicates a 12.6% return potential over its April 21 closing price of $58.

    By Ally Schmidt
  • uploads///Hotels
    Miscellaneous

    Which Hotels Will Be Impacted Most Due to the Terror Attack?

    Hotels with relatively large exposure to Europe will face the brunt of the terror attack in Brussels. European hotel chain Accor Group has 20 hotels in Brussels.

    By Ally Schmidt
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    Company & Industry Overviews

    A Bird’s-Eye View of Wyndham Worldwide’s Largest Segment, Vacation Ownership

    Wyndham Worldwide’s Wyndham Vacation Ownership segment is its largest business segment, accounting for 49.9% of its total revenues in 2014.

    By Sam Matthews
  • uploads///mtn pm
    Earnings Report

    Analyzing Vail Resorts’ Revenue and Income Growth in Fiscal 1Q16

    Vail Resorts (MTN) has a market cap of $4.6 billion. Its YTD (year-to-date) price movement has been rising quarter-over-quarter in calendar 2015.

    By Gabriel Kane
  • Consumer

    Why trend in fee income is an important source of revenue

    Marriott increased its fee income at a ten-year compound annual growth rate (or CAGR) of 7.6% to $1,543 million in 2013—from $742 million in 2003.

    By Teresa Cederholm
  • uploads///Marriott analyst rating
    Earnings Report

    What Analysts Are Recommending for Marriott

    Of the 29 analysts tracking Marriott International (MAR), 17.0% (five analysts) have a “strong buy” recommendation for the stock.

    By Ally Schmidt
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    Company & Industry Overviews

    Understanding Marriott International’s Valuation Multiple

    In fiscal 2014, Marriott had forward EV-to-EBITDA multiple of 15.3. It was trading at 11.2 as of January 1, 2016, which was the highest among peers.

    By Sam Matthews
  • uploads///mtn pe
    Earnings Report

    How Did Vail Resorts Perform Compared to Its Peers?

    The peers of Vail Resorts (MTN) include Hilton Worldwide Holdings, Marriott International, Starwood Hotels & Resorts Worldwide, and Hyatt Hotels.

    By Gabriel Kane
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    Company & Industry Overviews

    Why Did Hyatt Sell Its Vacation Ownership Segment?

    Hyatt is focusing on increasing its presence to under-penetrated markets. The company believes that its presence in emerging markets such as India and China is essential for its growth.

    By Sam Matthews
  • uploads///h pe
    Earnings Report

    Hyatt Hotels in 3Q15: Peer Comparisons and Related ETFs

    Hyatt Hotels’ peers outperformed the company in 3Q15 based on PS. But Hyatt Hotels was way ahead of its peers and the ETFs that invest in it based on PE.

    By Gabriel Kane
  • Consumer

    Why Marriott is slowly expanding in international markets

    Marriott has been expanding its presence in the international market. It added new brands in Europe, Asia Pacific, and the Middle East and African regions.

    By Teresa Cederholm
  • uploads///HOT MAR leadership
    Miscellaneous

    What Are the Conditions to Closing the Starwood-Marriott Merger?

    In the Starwood-Marriott merger, the companies have placed a limit on divestitures of $700 million, based on 12x annual EBITDA for any hotels required to be divested.

    By Brent Nyitray, CFA, MBA
  • uploads///Facebook Chatbot
    Company & Industry Overviews

    How Facebook Plans to Monetize Its Messenger App

    Facebook (FB) hasn’t given a specific monetization timeline for Messenger. However, we believe that the company is slowly getting closer to monetizing its Messenger app.

    By Amit Singh
  • uploads///Part
    Earnings Report

    Why does Hilton’s valuation look attractive?

    Hilton’s valuation hasn’t risen over the last year. Most of the increase in the share price was due to growth in EBITDA.

    By Shawn Bolton
  • uploads///h pm
    Earnings Report

    Hyatt Hotels in 3Q15: Evaluating Revenue and Activity

    In 3Q15, Hyatt Hotels had a price movement of $7.1 billion. After its 3Q15 release, its stock fell by 1.31% to close at $49.76 per share on November 3.

    By Gabriel Kane
  • part_history pngautocompresscformatandixlibphp
    Consumer

    Must-know: Marriott International Inc.

    Marriott International’s headquarters are in Bethesda, Maryland. The company was founded in 1927 by J. Willard and Alice S. Marriott.

    By Teresa Cederholm
  • Consumer

    Hilton’s diversified portfolio with 11 world-class brands

    Hilton’s goal is to serve any customer, anywhere in the world, for any lodging need that they have. The company has a portfolio of 11 world-class brands. Hilton’s portfolio allows it to accomplish this goal.

    By Teresa Cederholm
  • part_brand portfoliopngautocompresscformatandixlibphp
    Consumer

    Hilton’s hotel room composition by brand and chain scale

    Hotel companies, like Hilton, expand their operations based on the demand for accommodations by location. They also expand based on customer preference for the level of service offerings.

    By Teresa Cederholm
  • part_capital light segmentpngautocompresscformatandixlibphp
    Consumer

    Hilton expanded segments with low capital investment

    Hilton expanded its operations in segments that require less capital investment. These include the Management and Franchise segment and the Timeshare segment.

    By Teresa Cederholm
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    Consumer

    Why Marriott’s timeshare segment spun off

    Marriott completed the spinoff of its timeshare segment to Marriott Vacations Worldwide Corporation (or MVW) in 2011. MVW is now operating as an independent company.

    By Teresa Cederholm
  • uploads///US dollar
    Miscellaneous

    Why a Strengthening US Dollar Will Hurt the US Hotel Industry

    The US dollar’s strength compared to currencies that are widely used in international trade is measured by the Trade Weighted Dollar Index.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    Analysts’ Recommendations for Hyatt ahead of 3Q17 Results

    Analyst views Of the 22 analysts tracking Hyatt (H), two analysts (9.1%) have a “strong buy” rating on the stock, and three analysts (13.6%) have a “buy” rating. These analysts were surveyed by Reuters. Only one analyst has changed the rating from “strong buy” to “buy” after the company’s 2Q17 earnings. Sixteen analysts (72.7%) maintained […]

    By Ally Schmidt
  • uploads///Valuation
    Consumer

    What Are Investors Willing to Pay for Hyatt Stock?

    Current valuation Hyatt (H) is trading at a forward EV-to-EBITDA[1. enterprise value to earnings before interest, tax, depreciation, and amortization] multiple of 11.2x. The current valuation is lower than its average valuation of 12.2x since January 2010. Peer comparison Hyatt is trading at one of the lowest multiples among its peers. Wyndham Worldwide (WYN) is trading […]

    By Ally Schmidt
  • uploads///Leverage
    Consumer

    What You Should Know about Hyatt’s Leverage Ratio

    Hyatt’s debt Hyatt’s (H) total debt increased from $1.6 billion at the end of 2016 to $1.7 billion at the end of 1Q17. Its debt remained constant at $1.7 billion at the end of 2Q17.  Hyatt’s debt has fluctuated from $1.3 billion to $1.7 billion for the past five years, thanks to its routine acquisitions […]

    By Ally Schmidt
  • uploads///data breach
    Consumer

    How Hyatt’s Credit Card Data Breach Could Impact Its Growth Plans

    Second breach in two years On October 12, 2017, Hyatt revealed that its payment system had been breached. There was unauthorized access detected in 41 hotels in 11 countries, exposing customer credit card information at these locations. About 50% of these hotels were located in China. *Other affected countries and territories include Brazil, Colombia, Guam, Indonesia, […]

    By Ally Schmidt
  • uploads///Hyatt ADR
    Consumer

    Hyatt Increases Guidance for Its Key Metrics

    Hyatt’s RevPAR (revenue per available room) for 2Q17 rose 2.4% in constant dollars and 2.9% year-over-year in constant currency terms across its systemwide properties.

    By Ally Schmidt
  • uploads///Stock
    Consumer

    Hyatt Stock Underperforms in 2017

    Hyatt (H), which is expected to report its 3Q17 results on November 2, is the only major hotel stock to fall in October. Hyatt stock has fallen 0.74% month-to-date.

    By Ally Schmidt
  • uploads///Metrics
    Consumer

    What Marriott’s Key Metrics Suggest for 2017

    Marriott’s RevPAR for 2Q17 rose 2.2% YoY in constant dollars across its worldwide properties. Its North America RevPAR rose 0.9% YoY in constant dollars.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    Marriott on the Street: What the Analysts Recommend

    Of the 28 analysts tracking Marriott, five (17.9%) have a “strong buy” recommendation, while nine (32.1%) have a “buy,” and 13 (46.4%) have a “hold.”

    By Ally Schmidt
  • uploads///Valuation
    Consumer

    What’s Priced into Marriott’s Valuation Multiple Now?

    Marriott is now trading at a forward EV-to-EBITDA multiple of 15.5x, compared with its average historical valuation of 13.9x since January 2008.

    By Ally Schmidt
  • uploads///Margins
    Consumer

    How Marriott’s 3Q17 Earnings Guidance Disappointed Analysts

    In 2Q17, Marriott International’s (MAR) operating income grew 59% YoY (year-over-year) to $620 million.

    By Ally Schmidt
  • uploads///revenue
    Consumer

    Marriott’s Revenue Is Now Expected to Go This Way in 2017

    In 2Q17, Marriott’s revenues grew 49% YoY to $5.8 billion, compared with $3.9 billion in 2Q16, due to higher fee revenues and RevPAR and room growth.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    Wall Street Analysts’ Ratings for Marriott before Its 2Q17 Earnings

    According to a Reuters consensus of 28 analysts tracking Marriott (MAR), five analysts have a “strong buy” recommendation on the stock, and nine analysts have a “buy” recommendation on the stock.

    By Ally Schmidt
  • uploads///Valuation
    Consumer

    Marriott International’s Valuation: What Is Priced In?

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.6x.

    By Ally Schmidt
  • uploads///leverage
    Consumer

    Why Investors Should Pay Attention to Marriott’s Debt Levels

    Total debt on Marriott’s balance sheet increased from $3.8 billion at the end of 2014 to $4.1 billion at the end of 2015 and $8.2 billion at the end of 4Q16.

    By Ally Schmidt
  • uploads///Margins
    Consumer

    Can Marriott Improve Its Margin after the Starwood Acquisition?

    For fiscal 2017, Marriott’s EBITDA is expected to rise 44.3% to ~$3.1 billion.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Marriott’s Revenues Could Grow 25% despite Hotel Industry Slowdown

    For 2Q17, Marriott’s total fee revenues are expected to increase to $820 million–$835 million.

    By Ally Schmidt
  • Consumer

    What Marriott’s Key Metrics Suggest ahead of Its 2Q17 Results

    During the second quarter, Marriott (MAR) added 17,000 rooms, including 6,400 rooms internationally and 3,300 rooms from competitors.

    By Ally Schmidt
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    Consumer

    What Analysts Recommend for Hyatt Ahead of Its 2Q17 Results

    Analyst views According to Reuters, of the 22 analysts tracking Hyatt (H), three analysts (13.6%) have a “strong buy” rating on the stock, two analysts (9.1%) have a “buy” rating, 16 analysts (72.7%) have a “hold” rating, and one analyst (4.5%) has a “sell” rating. There are no “strong sell” ratings on the stock. Analyst […]

    By Ally Schmidt
  • uploads///Valaution
    Consumer

    How Hyatt’s Valuation Compares

    Current valuation Hyatt (H) currently trades at a forward EV-to-EBITDA multiple of 15.1x. Hyatt’s valuation is significantly higher than its average valuation since January 2010 of 13.0x. Peer comparison Hyatt’s valuation is among the highest in its peer group. Marriott International (MAR) has a multiple of 15.3x, Hilton Worldwide Holdings (HLT) is trading at a […]

    By Ally Schmidt
  • uploads///Leverage
    Consumer

    What You Should Know About Hyatt’s Leverage Ratio

    Increasing debt Hyatt’s growth has been partly organic and partly inorganic. The inorganic growth has been supported by debt. Hyatt’s current debt is similar to that seen in 2014, at $1.4 billion. It fell to $1.0 billion at the end of 2015. Prior to 2014, its debt was even lower, at $1.3 billion in 2013 and […]

    By Ally Schmidt
  • uploads///EBITDA
    Consumer

    Could Hyatt’s Revenue Growth Translate to Profit Growth?

    Analyst estimates In 2Q17, analysts expect Hyatt’s (H) EBITDA (earnings before interest, tax, depreciation, and amortization) to fall 4.9% YoY (year-over-year) to $215.9 million. EBITDA are expected to fall another 3.0% YoY in the third quarter to $186.3 million. Growth is expected to resume in the fourth quarter, with EBITDA rising 18.1% YoY to $174.9 million. […]

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    What Analysts Expect for Hyatt’s Revenue Growth in 2017

    Analyst estimates In 2Q17, analysts expect Hyatt’s revenue to grow by 3.9% YoY (year-over-year) to $1.2 billion. Sales growth is expected to increase for the rest of the year. Sales are expected to grow 5.4% YoY to $1.1 billion in 3Q17, and 5.5% YoY to $1.2 billion in 4Q17. Hyatt is expected to see revenue […]

    By Ally Schmidt
  • uploads///Hyatt ADR
    Consumer

    Analyzing Hyatt’s Key Metrics Ahead of Its 2Q17 Results

    Revenue per available room A hotel’s operational efficiency is measured by its RevPAR (revenue per available room), which is calculated by dividing a hotel’s total guest room revenue by its room count. The two main factors driving a hotel’s RevPAR are its occupancy rates and average daily rates. In 1Q17, Hyatt’s RevPAR fell 4.7% YoY […]

    By Ally Schmidt
  • uploads///Stock
    Consumer

    How Hyatt Stock Has Performed in 2017

    Hyatt will report its 2Q17 earnings on August 3, 2017. In this series, we’ll assess Hyatt’s performance based on key metrics and look at analyst estimates for Hyatt’s 2Q17 performance,

    By Ally Schmidt
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    Consumer

    Wyndham Worldwide: Analysts’ Ratings and Target Prices

    Ten analysts currently have active coverage on Wyndham Worldwide (WYN) stock. Of these analysts, 20% have “strong buy” recommendations on the stock.

    By Ally Schmidt
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    Consumer

    Should Dividend Investors Buy Wyndham Stock?

    On July 21, 2017, Wyndham Worldwide (WYN) had a closing price of $103.1 and an indicated dividend yield of 2.3%, the highest among its peers.

    By Ally Schmidt
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    Consumer

    Can Wyndham’s Profitability Improve in 2017?

    After Wyndham’s fall in 1Q17, Wall Street analysts expect it to clock EBITDA (earnings before interest, tax, depreciation, and amortization) of 2.4% year-over-year to $349.3 million.

    By Ally Schmidt
  • uploads///Marriott International Outperforming the SP  Index
    Fund Managers

    Goldman Sachs on Marriott: Annual Sales Growth to Improve 15.6%

    Marriott International has provided a return of 22.5% so far in this year.

    By Sarah Sands
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    Miscellaneous

    What Falling Gas Prices Mean for the Hotel Industry

    After rising steadily from August 2016 to December 2016, crude oil prices have been falling in 2017.

    By Ally Schmidt
  • uploads///ADR
    Miscellaneous

    Average Daily Rate Will Drive US Hotel Industry Growth

    The average daily rate (or ADR) measures the average room price paid in the market. In 1Q17, the ADR rose 2.5% year-over-year (or YoY) to $124.27.

    By Ally Schmidt
  • uploads///Revenue growth
    Miscellaneous

    US Hotel Industry Supply to Outpace Demand in 2017

    The US hotel industry saw its largest revenue fall of 14% year-over-year (or YoY) in 2009. Since then, recovery has been steep.

    By Ally Schmidt
  • uploads///Marriott Valuation
    Earnings Report

    What Investors Are Willing to Pay for Marriott International

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 14.5x.

    By Ally Schmidt
  • uploads///MAR dividend yield
    Earnings Report

    Chart in Focus: Marriott’s Dividend Payout in 2017

    Marriott (MAR) has an indicated dividend yield of 1.8%, which is the lowest among its peers.

    By Ally Schmidt
  • uploads///Marriott leverage
    Earnings Report

    Should Investors Pay Attention to Marriott’s Debt?

    Marriott (MAR) generated $1.6 billion from its cash flow from operations in 2016.

    By Ally Schmidt
  • uploads///Marriott Revenue Growth
    Earnings Report

    Marriott’s 2017 Revenues Could Grow 25% despite Industry Slowdown

    Analysts estimate that Marriott’s (MAR) 1Q17 revenues could grow 40.1% year-over-year to $5.3 billion.

    By Ally Schmidt
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    Earnings Report

    Looking at Hyatt’s Valuation ahead of Its 1Q17 Earnings

    Hyatt (H) currently trades at a forward EV-to-EBITDA multiple of 10.2x.

    By Ally Schmidt
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    Earnings Report

    How Has Hyatt Stock Performed in 2017 So Far?

    Hyatt (H) stock has had a volatile ride so far in 2017. After falling in January and February, its stock rose in March and April. Hyatt will report its 1Q17 earnings on May 4, 2017.

    By Ally Schmidt
  • uploads///Hilton valuation
    Earnings Report

    How Hilton’s Valuation Compares to Peers

    Hilton (HLT) currently trades at a forward EV-to-EBITDA multiple of 17.6x.

    By Ally Schmidt
  • uploads///Hilton leverage ratios
    Earnings Report

    How Hilton’s Long-Term Debt Is Trending

    The hotel sector is capital intensive, and companies in the industry normally carry high debt.

    By Ally Schmidt
  • uploads///Hilton Dividend
    Earnings Report

    What to Expect from Hilton’s Dividends in 2017

    Hilton (HLT) started paying dividends in mid-2015.

    By Ally Schmidt
  • uploads///Room supply
    Earnings Report

    How Hilton’s Key Metrics Look ahead of 1Q17 Earnings

    A hotel’s operational efficiency is measured by its RevPAR (revenues per available room), which is calculated by dividing a hotel’s total guest room revenue by its room count.

    By Ally Schmidt
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    Macroeconomic Analysis

    Why Hotel Investors Should Follow Construction Pipeline Data

    According to STR Global’s US Construction Pipeline Report for January 2017, rooms under contract rose 16.1% to reach 576,000 rooms in 4,763 hotel properties.

    By Ally Schmidt
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    Macroeconomic Analysis

    Will Average Daily Rates Drive Hotel Industry Growth in 2017?

    ADR (average daily rate) measures the average room price paid in the market. In 2016, the ADR rose 3.1% year-over-year (or YoY) to $123.97, slower than the 4.4% rise it recorded in 2015.

    By Ally Schmidt
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    Macroeconomic Analysis

    How Has the Hotel Industry Performed in 2017?

    In January 2017, the Baird/STR Hotel Stock Index rose 0.5% to close at 3,723. The index recorded a great performance in 2016 as well.

    By Ally Schmidt
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    Macroeconomic Analysis

    What a Strong US Dollar Means for the US Hotel Industry

    The strength of the US dollar measured against currencies that are widely used in international trade is measured by the Trade Weighted Dollar Index.

    By Ally Schmidt
  • uploads///US GDP growth
    Macroeconomic Analysis

    Why Economic Growth Is Important for the US Hotel Industry

    A booming economy allows people to spend money on discretionary items such as air travel, so hotel revenues are higher during economic growth and lower during economic contraction.

    By Ally Schmidt
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    Macroeconomic Analysis

    What You Need to Know about the US Hotel Industry Performance

    The hotel industry is largely driven by the growth of the general economy, which instills spending confidence in both businesses and households.

    By Ally Schmidt
  • uploads///Marriott Valuation
    Earnings Report

    Here’s What’s Currently Priced into Marriott’s Valuation Multiple

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.8x. It’s significantly higher than its average valuation of 13.9x since January 2008.

    By Ally Schmidt
  • uploads///Marriott Loyalty Program
    Earnings Report

    Innovation Is the Name of the Game for Marriott

    Eventually, artificial intelligence will allow Marriott to make customized recommendations to customers based on what they have shared with Marriott.

    By Ally Schmidt
  • uploads///EBITDA
    Earnings Report

    Marriott’s Profitability in 2017: Could It Improve?

    For 2016, Marriott”s (MAR) operating income rose 14.0% to $2.2 billion. Some of the growth can be attributed to the consolidation of Starwood’s financials with Marriott’s.

    By Ally Schmidt
  • uploads///Marriott key metrics
    Earnings Report

    Do Marriott’s Key Metrics Suggest a Buoyant 2017?

    Marriott’s RevPAR for 4Q16 rose 0.80% in constant dollars across its worldwide properties.

    By Ally Schmidt
  • uploads///Vail Resorts Growth Expectation Higher Than Peers
    Company & Industry Overviews

    Vail Resorts: Exceptional Takes Time, According to Baron

    Baron Capital began investing in Vail Resorts in 1997, and it owns a ~15%–20% stake in the company. According to Ron Baron, this investment has returned ~50%–75%.

    By Mary Sadler
  • uploads///Marriott analyst ratings
    Earnings Report

    What Do Analysts Recommend for Marriott ahead of 4Q16 Results?

    According to a Reuters consensus, of the 28 analysts tracking Marriott (MAR), five of them (18.0%) have a “strong buy” for the stock.

    By Ally Schmidt
  • uploads///Marriott Valuation
    Earnings Report

    What Are Investors Willing to Pay for Marriott International?

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.8x. Its valuation has been significantly higher than its average valuation.

    By Ally Schmidt
  • uploads///Marriott operating metrics
    Earnings Report

    What Do Marriott’s Key Metrics Suggest ahead of 4Q16 Results?

    For 3Q16, Marriott and Starwood Hotels & Resorts together added 17,600 rooms, taking the total to 4,554 properties and 777,000 timeshare resorts.

    By Ally Schmidt
  • uploads///Marriott stock
    Earnings Report

    What Are Analysts Estimating for Marriott Stock in 4Q16?

    Marriott (MAR) will report its 4Q16 earnings on February 16, 2017, after the market opens. Analysts are expecting revenue to rise 33.9% YoY.

    By Ally Schmidt
  • uploads///Priceline impact
    Company & Industry Overviews

    How Could Expedia’s Instant Booking Partnership Affect Priceline?

    Priceline (PCLN) was the first OTA (online travel agent) to become part of TripAdvisor’s Instant Booking platform, joining it in late 2015.

    By Ally Schmidt
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    Earnings Report

    What Do Marriott’s Key Metrics Suggest ahead of 3Q16 Results?

    Marriott’s (MAR) RevPAR for 2Q16 rose 2.9% across its worldwide properties. North America RevPAR rose 3.2% due to a 2.2% rise in ADR.

    By Ally Schmidt
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    Miscellaneous

    How Will the Marriott-Starwood Merger Impact Consumers?

    According to Marriott’s (MAR) CEO, Arne Sorensen, Starwood’s (HOT) guest loyalty program was a “central, strategic rationale for the transaction.”

    By Ally Schmidt
  • uploads///Hotel stats
    Miscellaneous

    Marriott-Starwood Merger Creates the World’s Largest Hotel Chain

    The Marriott-Starwood merger creates the world’s largest hotel chain. Spanning across 110 countries, it will have more than 5,700 properties.

    By Ally Schmidt
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    Miscellaneous

    Why Did Starwood Sell Itself?

    The last two years have been marked by turmoil for Starwood Hotels (HOT). Starwood’s properties include brands like the Sheraton, Westin, St. Regis, and W hotels.

    By Ally Schmidt
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    Macroeconomic Analysis

    What Does a Strong US Dollar Mean to the US Hotel Industry?

    The strong dollar has created challenging headwinds for the hotel industry, and tourists may look for alternative tourist destinations. It also affects the length of the stay for international tourists and how they spend their money.

    By Sam Matthews
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    Macroeconomic Analysis

    Understanding the Hotel Industry Valuation Multiple

    The forward EV-to-EBITDA multiple for the hotel industry currently stands at 9. It has declined from 13.1, which was recorded at the beginning of 2015.

    By Sam Matthews
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    Company & Industry Overviews

    Marriott International’s Expansion in the Franchise Model Is Bearing Fruit

    Marriott’s operating margin increased from 5.9% in 2010 to 8.4% in 2014. Its operating income grew from $695 million in 2010 to $1,159 million in 2014.

    By Sam Matthews
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    Company & Industry Overviews

    Interpreting Marriott International’s Growing Reliance on Debt

    Marriott International’s total debt has increased from approximately $7.4 billion in 2010 to about $9.1 billion in 2014.

    By Sam Matthews
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    Company & Industry Overviews

    Understanding Cost Reimbursements as a Key Part of Marriott International’s Revenues

    Cost reimbursements make up a major component of Marriott’s revenues and mostly consist of salaries paid to employees working in Marriott-managed hotels.

    By Sam Matthews
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    Company & Industry Overviews

    Why Marriott Relies Heavily on Its Franchise Model for Growth

    Marriott now focuses on capital-light segments like franchised properties. Its fee incomes rose from $1.2 billion to $1.7 billion between 2006–2014.

    By Sam Matthews
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    Company & Industry Overviews

    Marriott International’s Business Model by Service Category: Key Investor Takeaways

    At the end of 2014, Marriott had around 2,882 franchised hotel properties, with 388,670 rooms under the franchise model.

    By Sam Matthews
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    Company & Industry Overviews

    Sizing up Marriott International’s Competition in a Tough Industry

    Marriott operates hotels under not just under the management model but also under the franchise model and the owned and leased model.

    By Sam Matthews
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    Company & Industry Overviews

    Investor Essentials: Understanding Hyatt’s Valuation Multiple

    Hyatt’s EV/EBITDA has moved in line with the median valuation multiple of its peers. Hyatt, with rare exceptions, has always traded at a discount to the median valuation multiple of its peers.

    By Sam Matthews
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    Company & Industry Overviews

    Hyatt’s Leverage and Coverage Ratios

    The total debt for Hyatt has increased from $2,112 million in 2010 to $3,512 million in 2014. Its net debt increased from -$863 million in 2010 to $575 million in 2014.

    By Sam Matthews
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    Company & Industry Overviews

    Why Hyatt Has High Liquid Assets Compared to Its Peers

    As of December 31, 2014, Hyatt’s cash, cash equivalents, and marketable securities as a percentage of total assets is one of the highest among its peers, at 10%.

    By Sam Matthews
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    Company & Industry Overviews

    Investor’s Must Know: Why Hyatt Is Buying Back Shares

    Hyatt repurchased $445 million of its own stocks in 2014. The company bought back about 7.7 million shares, which accounted for 5.5% of the total outstanding shares, at an average price of $57.8.

    By Sam Matthews
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    Company & Industry Overviews

    Asset Utilization by Hyatt Hotels

    Hyatt had the lowest return on assets (or ROA) ratio among its peers at 4.6% for fiscal 2014 due to lower profits generated from its assets.

    By Sam Matthews
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    Company & Industry Overviews

    Profitability Margins Grew for Hyatt Hotels

    Operating margins for Hyatt Hotel (H) increased from 1.4% in 2010 to 6.3% in 2014. The growth in margins was largely driven by steady growth in revenue and declining expenses from the owned and leased hotels segment.

    By Sam Matthews
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    Company & Industry Overviews

    Driven by Strong US Performance, Hyatt Grew Its Revenue

    Hyatt’s (H) improving operating metrics have resulted in a strong growth in revenue. The company’s total revenue has grown from $3,527 million in 2010 to $4,415 million in 2014.

    By Sam Matthews
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    Company & Industry Overviews

    Why Hyatt Has the Highest ADR and Occupancy Rate Among Its Peers

    At 76.2%, Hyatt Hotels (H) had one of the highest occupancy rates among its peers for its owned and leased hotels in 2014.

    By Sam Matthews
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    Company & Industry Overviews

    Hyatt’s Retail Investors Have Skewed Voting Power

    As of January 31, 2015, Hyatt had 36.8 million Class A shares entitled to one vote and 111.4 million Class B shares entitled to ten votes.

    By Sam Matthews
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