78.08 -0.27 (-0.34%)
After hours: 4:11PM EDT
|Bid||75.84 x 900|
|Ask||78.58 x 900|
|Day's Range||77.35 - 78.53|
|52 Week Range||55.70 - 84.89|
|PE Ratio (TTM)||16.37|
|Forward Dividend & Yield||0.60 (0.76%)|
|1y Target Est||N/A|
Hyatt Hotels CEO Mark Hoplamazian explains how hospitality is a business opportunity for companies in every industry.
“We remain conﬁdent in the trajectory of the consumer recovery, as drivers of spending remain solid,” suggests Goldman Sachs consumer analyst Matthew Fassler. At least in Goldman Sachs’ opinion, it’s full speed ahead when it comes to consumer stocks. Goldman Sachs has offered investors 7 consumer stocks, but I’d like to provide alternatives.
Hyatt Hotels Corp. (NYSE: H) is bringing its new boutique hotel brand to Georgia. A hotel in Midtown will be rebranded as the “Hyatt Centric Midtown Atlanta,” effective Aug. 29 when Hyatt takes over management of the property. “We are excited for the opportunity to bring our global Hyatt Centric lifestyle brand to the heart of Atlanta,” said a company spokeswoman.
Millennials are known for two things when it comes to working: They’re very picky about the type of company they work for, and they’re not afraid to move around until they find the right work environment. A May 2016 study by the Gallup Organization highlighted some of the things millennials want from a new job. “Millennials place a greater emphasis on opportunities to learn and grow and opportunities for advancement…,” stated Gallup’s Brandon Rigoni and Amy Adkins in the Harvard Business Review.
Moody's Investors Service assigned a Baa2 rating to Hyatt Hotels Corporation's proposed $400 million 4.375% senior notes due 2028. "Hyatt intends to use the proceeds from this offering for general corporate purposes, which may include the full or partial redemption of its 6.875% Senior Notes due 2019, repayment of secured debt, share repurchases, or acquisitions," stated Pete Trombetta, Moody's lodging analyst. "We view the note issuance as credit neutral as it results in a modest increase in leverage but if used to refinance the 2019 notes, would improve the company's maturity schedule," added Trombetta.
Choice Hotels (CHH) witnesses year-over-year growth in both second-quarter earnings and revenues, driven by strength in the company's core franchising operations.
Hyatt is one of countless hotel companies hustling to bolster their stock of rooms in urban Nashville — and appears to have a particular urgency.
Hyatt Hotels Corp.’s pursuit of the Spanish hotel operator NH Hotel Group SA was short-lived, but Chief Executive Officer Mark Hoplamazian said that Europe remains a “key area” for future expansion. “We are focused on acquisitions and investments that first and foremost help expand our presence and distribution in places where we are underrepresented,” Hoplamazian said on an earnings call Wednesday. Hyatt surfaced briefly as a potential bidder for NH Hotel, which has a market value of about 2.5 billion euros ($2.9 billion).
Hyatt Hotels (NYSE:H) had a mixed Tuesday as the company reported its latest quarterly earnings figures, which came in ahead of what analysts were calling for, but its stock took a hit late in the day. The multinational hospitality company said that for its second quarter of fiscal 2018, it brought in a profit of $77 million, which amounted to roughly 66 cents per share in net income. On an adjusted basis when excluding non-recurring costs, the company said that its net income came in at 72 cents per share.
On a per-share basis, the Chicago-based company said it had net income of 66 cents. Earnings, adjusted for non-recurring costs, were 72 cents per share. The results surpassed Wall Street expectations. ...
Habit Restaurants' (HABT) differentiated brand positioning, successful marketing and culinary innovation are the company's key revenue drivers in the second quarter.
Despite short-term turmoil in the hotel and gaming space, Hyatt and International Game Technology are poised for growth, confirming the consumer discretionary sector's trend.
NH Hotel Group SA should put little weight on an expression of interest from Hyatt Hotels Corp., suitor Minor International Pcl told the board of the Spanish hotel operator in a letter. Hyatt’s approach to NH Hotel is preliminary and nonbinding, indicating that it’s not a serious proposal, Stephen Chojnacki, chief commercial officer and general counsel for Bangkok-based Minor, said in the July 29 letter. Hyatt’s proposal to separate NH Hotel’s real estate from its hotel-management business risks stripping away assets and would lead to major cost cutting, Chojnacki said in the letter, a copy of which was seen by Bloomberg News.
Hyatt Hotels Corp.’s interest in acquiring NH Hotel Group SA has come too late to stop rival Minor International Pcl’s own tender offer for the Spanish company, Dillip Rajakarier, chief operating officer of the Thai bidder said. Hyatt sent a letter to NH Hotel indicating its interest in acquiring the chain of more than 370 hotels, the company said on Thursday. Any resulting bid from Chicago-based Hyatt would be in competition with Minor’s tender offer, which valued the portion of NH Hotel it didn’t own at 1.64 billion euros ($1.91 billion) in early June, when the plans were first announced.
Hyatt Hotels Corp. has sent a letter to NH Hotel Group SA seeking access to information that would enable it to evaluate making a takeover offer for the Spanish hotel operator. In keeping with our growth strategy, we submitted a letter of intent expressing our interest in pursuing a potential acquisition of NH Hotel Group," Mark Hoplamazian, Hyatt’s president and chief executive officer, said in an emailed statement Thursday to Bloomberg.
Hyatt Hotels Corp., the lodging company founded by the billionaire Pritzker family, has sent a letter to NH Hotel Group SA indicating its interest in acquiring the Spanish hotel operator. “Hyatt has a demonstrated track record of making strategic investments to extend the reach of our brands and create value for our stakeholders,” Mark Hoplamazian, Hyatt’s president and chief executive officer, said in an emailed statement Thursday to Bloomberg. Any potential offer from Chicago-based Hyatt would provide an alternative for NH Hotel shareholders, who are weighing a tender offer from Thailand’s Minor International Pcl.
Extended Stay's (STAY) impressive bottom-line growth in the second quarter can be attributed to decrease in effective tax rate and lower depreciation expenses.
The Walt Disney Company will eliminate single-use plastic straws and stirrers at all of its locations by mid-2019, the company announced Thursday. "Eliminating plastic straws and other plastic items are meaningful steps in our long-standing commitment to environmental stewardship," said Bob Chapek, chairman of Disney (dis) parks, experiences and consumer products, in a statement. The company joins others like Hyatt (H) Royal Caribbean Cruises, (RCL) and Starbucks Corp. (SBUX) which have also pledged to eliminate single-use plastic straws.