Tue, Aug. 16, 11:01 AM| Tue, Aug. 16, 11:01 AM | 4 Comments
Wed, Aug. 3, 1:13 PM
- Cruise line stocks are recovering from a harsh sell-off following Royal Caribbean's (RCL +1.9%) earnings report. Norwegian Cruise Line Holdings NCLH and Carnival CCL saw some panicking trading yesterday, according to some analysts.
- United Continental (UAL +1.6%) and Delta Air Lines (DAL +1%) are also higher on the day. Sector watchers note that the impact of Zika on the carriers may have been overstated.
- Priceline Group (PCLN +1.7%) and Travelzoo (TZOO +1.9%) are ahead of broad market indexes.
- Hotel stocks Hyatt Hotels (H +2.6%), Marriott International (MAR +1.1%), and Hilton Worldwide Holdings (HLT +1%) are in positive territory in the lodging sector.
Wed, Jul. 27, 6:40 AM
- Hilton Worldwide (NYSE:HLT) reports system-wide RevPAR rose 2.9% in Q2.
- U.S. comparable RevPAR grew 2.9%.
- Management and franchise fees advanced 9% to $471M.
- Timeshare revenue up 5.3% to $336M.
- System-wide occupancy rate +10 bps to 78.9%.
- Adjusted EBITDA expanded 4% to $806M.
- Operating margin rate improved 350 bps to 18.1%.
- The company filed registration statements for planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations.
- Q3 Guidance: System-wide RevPAR: +2% to +4%; Adjusted EBITDA: $760M to $780M; Management and franchise fees: ~+7% to +9%; Net income: $223M to $235M; Adjusted EPS: $0.21 to $0.23.
- FY2016 Guidance: System-wide RevPAR: +2% to +4%; Ownership RevPAR: +1% to +3%; Adjusted EBITDA: $2.98B to $3.04B; Management and franchise fees: ~+6% to +8%; Timeshare segment Adjusted EBITDA : $370M to $390M; Net income: $1.015B to $1.051B; Adjusted EPS: $1 to $1.04; Capex: $400M to $450M.
- Net unit growth is expected to be ~45,000 to 50,000 rooms.
Wed, Jul. 27, 6:03 AM
Tue, Jul. 26, 5:30 PM
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Thu, Jul. 14, 8:08 AM| Thu, Jul. 14, 8:08 AM | 1 Comment
Fri, Jul. 8, 5:36 PM
Thu, Jul. 7, 2:57 PM
- Hilton Worldwide and Marriott International are offering better discounts to loyalty club members in a bid to lower the amount of payments doled out to online third-party services, according to the The Wall Street Journal.
- It's a trend that's likely to be followed across the industry as chains look to build stickiness with loyalty members.
- Many hotel operators have contracts with sites such as Priceline and Expedia that limit their ability to undercut pricing, with the important exception of loyalty members.
- Hotel and online stocks: BEL, CHH, EXPE, H, HLT, HMIN, HOT, IHG, MAR, STAY, WYN, TRIP, OWW, TZOO.
Mon, Jun. 27, 2:18 AM
- New York's landmark Waldorf Astoria hotel plans to close for up to three years starting next spring so owner Anbang Insurance can begin converting most of its more than 1,400 rooms into luxury condominiums, WSJ reports.
- Anbang and Hilton Worldwide (NYSE:HLT), which will continue to manage the property when it reopens, are said to have reached severance agreements with hundreds of the hotel's 1,500 employees at a cost of $100M or more.
Thu, May 19, 11:12 AM
- "Lodging demand is clearly slowing," says BAML analyst Shaun Kelley, downgrading Hilton (HLT -3.1%), Hyatt (H -3.9%), RLJ Lodging (RLJ -6.1%), and Hersha Hospitality (HT -3.5%). He's most bearish on RLJ, which is cut two notches to Underperform; the other three are downgraded to Neutral.
- RevPAR dipped 1.1% in the first two weeks of May, says Kelley, and if the trend continues, RevPAR growth from May 2014 to May 2016 would be the slowest of any two-year period since the financial crisis.
- "The lodging cycle that began in March 2009 is over," he says, and hotel names have 15-40% of downside from current levels.
Thu, May 19, 9:04 AM
- Bank of America Merrill Lynch downgrades Hilton Worldwide (NYSE:HLT) to a Neutral rating from Buy.
- The ratings action comes ahead of Hilton's planned REIT and timeshare spinoffs which are expected to be completed by the end of the year.
- Hilton investors will need to sort through three different pure-play stocks after the deal is finished.
- Shares of Hilton have been weak even before the BAML cut, down 5.4% over the last week.
Wed, Apr. 27, 7:36 AM
- Hilton Worldwide (NYSE:HLT) announces the leaders of the REIT that will be formed later this year.
- Former RLJ Lodging Trust boss Thomas Baltimore will be the CEO.
- Hilton treasurer Sean Dell-Orto is set to be the CFO of the new entity.
- Previously: Hilton Worldwide beats by $0.01, beats on revenue (April 27)
- Previously: More on Hilton Worldwide's Q1 (April 27)
Wed, Apr. 27, 6:41 AM
- Hilton Worldwide (NYSE:HLT) reports system-wide RevPAR rose 2.1% in Q1.
- U.S. comparable RevPAR +1.8%.
- Management and franchise revenue grew 4.6% to $409M.
- Timeshare revenue increased 1.6% to $326M.
- System-wide occupancy rate -30 bps to 70.2%.
- Adjusted EBITDA increased 9% to $653M.
- Operating margin rate fell 300 bps to 14.9%.
- The company saw net unit growth of 16% Y/Y for the period.
- Q2 Guidance: System-wide RevPAR: +3% to +5%; Adjusted EBITDA: $790M to $810M; Management and franchise fees: ~+7% to +9%; Adjusted EPS: $0.25 to $0.27.
- FY2016 Guidance: System-wide RevPAR: +3% to +5%; Ownership RevPAR: +3% to +5%; Adjusted EBITDA: $3.02B to $3.1B; Management and franchise fees: ~+7% to +9%; Timeshare segment Adjusted EBITDA : $370M to $390M; Adjusted EPS: $0.92 to $0.98; Capex: $400M to $450M.
- Net unit growth is expected to be ~45,000 to 50,000 rooms.
Wed, Apr. 27, 6:04 AM
Tue, Apr. 26, 5:30 PM
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Wed, Mar. 30, 7:15 AM
Hilton Worldwide Holdings, Inc. operates as a holding company, which provides hospitality services through its subsidiaries. It is engaged in the owning, leasing, managing, developing, and franchising hotels, resorts, and timeshare properties. The company operates through three segments:... More
Country: United States