|Bid||99.17 x 800|
|Ask||99.18 x 900|
|Day's Range||98.81 - 99.68|
|52 Week Range||63.76 - 101.14|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||39.11|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||0.60 (0.60%)|
|1y Target Est||98.55|
Welcome to Wall Street’s version of the Fyre Festival. Or, as Vincent Deluard of INTL FCStone puts it, the “faking-it economy,” where you’ll find capitalism without capital” and “employers without employees.”
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...
McLean-based Hilton Worldwide Holdings Inc. (NYSE: HLT) is making a big push into the luxury hospitality market, with plans to open 11 new high-end properties this year as it plays catch-up against other hotel giants, according to The Wall Street Journal. Hilton has 65 existing luxury properties on its roster and it will open the new properties this year under its Waldorf Astoria, Conrad Hotels and LXR luxury brands, according to the report. Its existing luxury roster falls well behind competitors like Bethesda-based Marriott International Inc. (NASDAQ: MAR), which has about 410 luxury properties and nearly 200 in its pipeline, according to the report.
Marriott (MAR) continues to benefit from expansion and sizeable international exposure. Strong brand position also helps it fend off competition.
SINGAPORE, July 11, 2019 /PRNewswire/ -- Eighty eight percent of travelers based in Asia Pacific feel their 'love of travel is a huge part of how they define themselves', with three in four aspiring to be a 'travel expert in their social circle', reveals a recent study by Hilton Honors, the award-winning guest loyalty program of global travel and hospitality brand Hilton. The research, surveying 2,300 avid travelers aged between 20-45 in 11 Asia Pacific countries and segmented by life stage, explored the travel motivations, aspirations and expectations of the region's most active travelers. "Travel is a deep passion for most travelers in Asia Pacific," said Sarah Somerville, Senior Director, Customer Engagement, Loyalty and Partnerships, Asia Pacific at Hilton.
Coming off the heels of its five-year milestone as a brand, Curio Collection by Hilton is significantly expanding its presence in the western United States with the addition of five hotels in Washington, New Mexico, California and Utah. This expansion brings Curio Collection’s portfolio to more than half of all U.S. states, providing travelers with one-of-a-kind accommodations in new climates, landscapes and elevations across the country. “For those looking for relaxing desert getaways at the historic Hotel Andaluz Albuquerque or for rigorous adventures while hiking and rock climbing in the surrounding national parks at Hoodoo Moab, these additions offer a mix of local culture, food and the chance to explore the great outdoors,” said Mark Nogal, global head, Curio Collection by Hilton.
J.P. Morgan turned more cautious on the lodging industry, downgrading a number of the hotel operators and real-estate-investment trusts and maintaining just two companies in the sector as buy recommendations. In a July 9 research report, analyst Joseph Greff in New York busted Marriott International and Hilton Worldwide to neutral from overweight.
Hilton Worldwide Holdings Inc NYSE:HLTView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for HLT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HLT. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.69 billion over the last one-month into ETFs that hold HLT are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Offering a product that feels 10 times better (more cookies!) is much easier than developing something that is 10 times faster (high-speed rail).
(Bloomberg Opinion) -- If BMW AG boss Harald Krueger has a flaw, it’s that he lacks confidence and isn’t much of a showman. Those are criticisms that nobody has ever leveled at the heiress Paris Hilton.BMW invited Hilton and a host of other “influencers” to Munich last week to help promote the company’s future lineup of electric and autonomous models, an area where BMW is perceived to have become a laggard (somewhat unfairly in my view). If the aim of the visit was to show that the thoughtful, cautious Krueger is as aggressive and ambitious as Tesla Inc.’s Elon Musk, it appears to have failed. Krueger confirmed on Friday that he wouldn’t be seeking a second term of office when his contract expires next year.The news isn’t all that surprising and shouldn’t unsettle investors too much. Bloomberg News reported that the BMW CEO’s future was in some doubt last month, and I wrote then about why Krueger has struggled. There are several good internal candidates to succeed him, including development chief Klaus Froehlich and production director Oliver Zipse.Still, Krueger’s decision shows just how difficult it is for carmakers to keep their stakeholders happy at a time of unprecedented technological upheaval in the industry. His peers and rivals are unlikely to take much satisfaction from his premature exit.BMW’s profitability and share price have lagged recently because of a cornucopia of challenges, most of which are beyond the CEO’s control. The company has been held back by global trade tensions, the demise of diesel, new carbon emissions regulations and antitrust provisions.During times like these, charisma can help convince employees and investors that a brighter future still lies ahead. Sadly, since fainting on stage in 2015, Krueger has faced questions about whether he was up to the job. The cautious design of some of BMW’s recent models cemented that timid impression.While Krueger has been compensated well, it’s hard to envy him. Carmakers that don’t invest enough in electric vehicles are panned for not being pioneering. Yet electric car projects still don’t make much money and heavy spending on these technologies impairs cash flow. You can’t win in the eyes of shareholders.It was hardly the case that Krueger had his head in the sand: The collaboration between BMW and its great rival Daimler AG on mobility services and autonomous driving showed he was willing to take radical steps. It wasn’t enough, but his successor won’t find things any easier.To contact the author of this story: Chris Bryant at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Marriott Vacations' (VAC) robust top-line growth and digitization bode well. However, high debt burden continues to plague the company.
The Zacks Analyst Blog Highlights: Marriott Vacations Worldwide, Hilton Worldwide, Marriott International and Wyndham Hotels & Resorts
SHANWEI, China and MCLEAN, Va., July 1, 2019 /PRNewswire/ -- Hilton (NYSE: HLT), announced the opening of DoubleTree by Hilton Shanwei, which debuts as the first international hotel in Shanwei, a coastal destination in Guangdong province. The property is owned by Poly Developments and Holdings and managed by Hilton.
Hotel Industry have been benefiting from several factors like a strong domestic economy, higher income, increased consumer confidence and strong labor market.
(Bloomberg) -- If Chase Coleman didn’t exist, Hollywood would surely invent him.Born into New York aristocracy and educated at fine schools, Charles Payson “Chase” Coleman III was all of 25 when the hedge fund legend Julian Robertson handed him $25 million to start his own fund.At 29, he married Stephanie Anne Ercklentz, who’d been featured in the documentary “Born Rich.” A gifted athlete, he’s been known to catch a few waves in the morning near his $19 million Hamptons home before helicoptering to his Manhattan office. He’s surfed with world champion Kelly Slater, invested with Snoop Dogg in a cannabis company and he’s almost a scratch golfer.Today, at 44, Coleman sits astride a $30 billion behemoth, Tiger Global Management. Bets on public and private technology companies have helped him amass a $4.6 billion fortune and made him the youngest financier among the world’s 500 richest people, according to the Bloomberg Billionaires Index.It’s hard to criticize a hedge fund up 25.5% in the first five months of this year, or a private equity unit that made $5 billion on a single investment. Not everything’s perfect, though, of course. For one thing, the firm may actually have too much money—something Coleman himself addressed recently.“It’s not easy to manage a big pool of capital, and I’m challenged every day,” Coleman said last week at a Morgan Stanley conference, according to people who attended the event. You have to be deliberate in how you do it, he added, which is why he spreads his investments across public and private markets.While assets have climbed, key personnel have departed, often to run their own money. Feroz Dewan, who ran public equities, left in 2015, as did Caleb Watts, Andrew Bellas and Alexander Captain. Lee Fixel, responsible for the firm’s push into India and behind some of its most lucrative investments, is exiting this month after 13 years.And then there are the bubble-territory valuations.“Tons of capital has gone into the technology space, and that could potentially reduce returns,” said Mark Buntz, chief financial officer of the William K. Warren Foundation, which has invested in Tiger Global’s private investment funds for more than a decade. “But I expect that Tiger Global will exercise the same discipline it has in the past, and won’t just go out and chase deals.”Like Buntz, the majority of endowments and foundations that have entrusted money to Coleman are convinced he can navigate this. After all, he manages almost 50% more than his mentor Robertson ever did. He’s done it mostly with old-school stock picking and a staff of about 20 other investment professionals. The hedge fund has posted 20% annualized returns, with only two down years. A $1,000 investment made when the fund started in March 2001 would be worth more than $26,000 as of April 30. Meanwhile, the annualized return for the private equity funds is 25%, beating most peers.Coleman, who associates describe as reserved and a quintessential WASP, declined to comment for this article.He rarely speaks at public events and is seldom photographed. But he has been known to let his old-money guard down and get crazy. In 2016, Chase and his wife Stephanie bought a $52 million Central Park co-op. Last year, the couple hosted an after-party to the Save Venice masquerade ball where guests, including Paris Hilton, were welcome to vandalize the soon-to-be renovated apartment, the New York Post’s Page Six reported. It was a moment of unwanted publicity for Coleman, who grew up on the north shore of Long Island, the son of a lawyer and an interior designer. A descendant of Peter Stuyvesant, he attended Deerfield Academy, the elite boarding school in Massachusetts, and went on to co-captain the lacrosse team at Williams College.“I’ve known Chase since he was a young boy on Long Island and a good friend of my son Spencer,” Robertson said. So it was natural that his first hedge fund job was at Tiger Management.Coleman worked as a technology analyst at Tiger for less than four years before getting a check from Robertson. In 2001, he became an official Tiger Cub, the term for Robertson proteges who started their own firms, a group that also includes Lee Ainslie and Andreas Halvorsen.Originally Tiger Technology, the firm expanded to payments, education and other sectors and changed its name to Tiger Global. In the early 2000s, Coleman and partner Scott Shleifer added private investments to the mix, realizing before many of their peers that they might find higher returns outside of public markets. During the 2008 financial crisis, Coleman’s hedge fund lost 26%, followed by a paltry 1% gain the next year. The young investor regrouped, vowing to return to his tech roots and avoid industries where politics or macro events could interfere.Investors say his success comes from concentrated bets, pressing winners and quickly cutting losers—skills he learned from Robertson. He told the Morgan Stanley crowd that the person who does best is the one with the panic button farthest from his keyboard.Other lessons he absorbed: Talent trumps experience, and hiring young people who can be coached produces the best money managers. The average age at Tiger Global is 32. The firm’s holiday cards could be mistaken for a class hiking trip photo, except that everyone is wearing matching high-end parkas, pants, boots and backpacks.The coveted deal flow in China was helped by a young Tiger Global analyst charming corporate executives by bringing her baby to board meetings.Among its biggest wins in China were Ctrip.com International Ltd. and JD.com Inc., investments led by Shleifer. What started out as a $200 million bet on JD.com in 2009 produced a $5 billion net profit. The firm has also prospered in India. In 2009, Fixel led an investment in Flipkart, an e-commerce firm that helped change that country’s internet retail industry. It paid off last year when Walmart Inc. bought a majority stake, producing about $3 billion in profit. In all, Tiger Global’s venture unit has made more than 250 investments in 30 countries.As assets have grown, Tiger Global has concentrated its bets. Seven equities, including JD.com, Microsoft Corp., Facebook Inc. and Amazon.com Inc., made up more than half of its long U.S. stock holdings as of March 31, according to regulatory filings. The firm held more than $1 billion worth of each stock at the time.It’s still bullish on China, where companies are outspending on research and development. In the past, the firm has looked for businesses abroad that mimicked U.S. success stories. Now, it’s eyeing a profitable Chinese trend—food delivery—that it expects will expand in the U.S.“Chase is great at analyzing companies and new technologies that are going to be at the forefront of the next growth cycle,” said Tim Ng, investment chief at Clearbrook Global Advisors. “He sees where the new opportunities are and how disruptive ventures can be.”The wagers haven’t been without controversy. Last year, Tiger Global invested in Juul Labs Inc., the e-cigarette brand that has been blamed for stoking a youth health epidemic. The firm earned a $1.6 billion cash dividend a few months later when tobacco giant Altria Group Inc. bought 35% of the company. Since then, at least one foundation client said its board is “actively discussing” the Juul holding.Tiger Global raised $3.75 billion last year for its latest private vehicle, its 11th and largest ever, and at least one investor said he stayed away, fearing it had gotten too big. Even so, the 10th fund has been its most successful, returning an annualized 74%.“I’ve watched his steady development over the years, first at Tiger and then on his own, with great pride,” Robertson said. “I am not surprised at all that he has become one of the brightest lights in the hedge fund business.”—With assistance from Tom Maloney (Updates with equity holdings in 23rd paragraph)\--With assistance from Pierre Paulden.To contact the authors of this story: Hema Parmar in New York at email@example.comMelissa Karsh in New York at firstname.lastname@example.orgSophie Alexander in New York at email@example.comTo contact the editor responsible for this story: Katherine Burton at firstname.lastname@example.org, Peter EichenbaumDavid GillenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Marriott is under fire, facing a lawsuit from the Washington D.C. Attorney General over 'deceptive' resort fees. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Michael Block of Third Seven Advisors to discuss.