Investors valued hotels: top 5 hotel chains by share growth
Marriott International is among the favorites. According to investing.com, analysts set the target price of the stock at $393. The company recently reported quarterly EBITDA of $1.4 billion – above market expectations. Several investment banks, including Goldman Sachs, raised their forecasts on the chain’s shares after the reports were published.
Second place is Hilton Worldwide Holdings with a target price of $322. The company reported fourth-quarter revenue of $3.09 billion and earnings came in above forecasts. Bank UBS after that improved the assessment of the value of Hilton securities.
Hyatt Hotels Corporation was also included in the list. The target price of $186 is set for it.
Among European companies analysts singled out InterContinental Hotels Group with target price $141. The company announced a share buyback program for almost $950 million, which may support the quotes.
The French chain Accor completes the top five. The target price for it is set at 58 euros. When assessing the experts took into account future cash flows and business prospects, but applied a small discount due to corporate governance factors.
Bernstein notes that the hotel sector continues to grow due to the high demand for travel. According to analysts, the greatest chances for growth have companies that are actively expanding the hotel chain, keep high profitability and direct free funds to buy back shares.
