The Zacks Analyst Blog profiles Hilton Grand Vacations, Hyatt Hotels, RCI Hospitality Holdings and Wyndham Hotels & Resorts

For Immediate Release

Chicago, IL – November 25, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events affecting stocks and the financial markets. Stocks recently featured on the blog include: Hilton Grand Vacations Inc. HGV, Hyatt Hotels Corp. H, RCI Hospitality Holdings, Inc. RICK and Wyndham Hotels & Resorts, Inc. WH.

Here are the highlights from Wednesday’s analyst blog:

4 solid stocks to buy on Boom this holiday season

More Americans are making travel plans for this holiday season, starting with Thanksgiving, which is expected to be one of the busiest days at airports in more than two years. This has also led to an increase in hotel bookings as the majority of travelers plan to stay in hotels.

Soaring airline ticket prices and hotel room rents have been a concern, but people are poised to spend more after a two-year hiatus when holiday travel slowed due to the pandemic. Given this scenario, hotel and leisure stocks like Hilton Grand Vacations Inc., Hyatt Hotels Corp., RCI Hospitality Holdings, Inc. and Wyndham Hotels & Resorts, Inc. are expected to benefit in the short term.

More Americans are planning vacations

According to a Deloitte report, 31% of Americans plan to travel between Thanksgiving and mid-January. Those planning to travel this holiday season have an average budget of $1,287. Thanksgiving and Christmas are expected to be the busiest days, with 15% planning to travel on Thanksgiving and 14% between Christmas and New Year’s.

A separate report from the American Automobile Association shows that about 54.6 million Americans will drive more than 50 miles this Thanksgiving weekend, a 15% increase from last year and nearly pre-pandemic levels.

Among travelers, 49 million will rent a car, up 0.4% from 2021, while 4.5 million will travel by plane. The remaining 1.4 million will take a train, bus or cruise.

Understandably, after more than two years, people are keen to travel. Travel restrictions and mask requirements have been lifted entirely, which has given people the confidence to travel after the pandemic brought almost everything to a standstill over the past two years.

People planning vacation trips this year plan to stay in hotels, according to a national Hotel Booking Index survey commissioned by the American Hotel & Lodging Association and conducted by Morning Consult. Among them, 31% of travelers traveling on Thanksgiving plan to stay in hotels, up 10% year-on-year.

Also, 28% of Christmas travelers plan to stay in hotels, up from 23% last year.

Of those who have already made vacation plans and will be traveling during the three-month vacation period, 54% will stay in hotels. Additionally, according to the survey, 28% and 31% of Americans, respectively, plan to travel over Thanksgiving and Christmas, both of which align with 2021.

Flight tickets and hotel rooms are becoming more and more expensive due to rising energy and raw material prices. The Consumer Price Index (CPI) rose 7.7% yoy in October. Although inflation has eased recently after rising 8.2% in September, it remains well above the Fed’s 2% target.

However, people are still keen on spending money on travel and do not hesitate to pay more for hotel rooms.

Our selection

Given this situation, it would be prudent to invest in hotel and leisure stocks.

Hilton Grand Vacations Inc. works in the hospitality industry. HGV markets and operates holiday resorts. Hilton Grand Vacations also manages and services club membership programs including Hilton Grand Vacations Club and The Hilton Club.

Hilton Grand Vacations’ expected earnings growth rate for the year to date is 60.9%. The Zacks consensus estimate for the year to date is up 19.3% over the past 60 days. HGV currently holds a #1 Zacks rank (Strong Buy). You can see the full list of today’s Zacks #1 Rank stocks can be found here.

Hyatt Hotels Corp. is a leading global hospitality company engaged in the development, ownership, operation, management, franchising and licensing of a portfolio of properties including hotels, resorts, residential and vacation properties around the world. As of March 31, 2022, H’s portfolio comprised more than 1,150 properties in 71 countries on six continents.

Hyatt Hotels Corporation’s expected earnings growth rate for the current year is more than 100%. The Zacks consensus estimate for the year to date has improved by 70.1% over the past 60 days. H currently carries a Zacks Rank #2 (Buy).

RCI Hospitality Holdings, Inc. owns and/or operates adult nightclubs that provide live adult entertainment, restaurant and bar services. RICK operates adult nightclubs under the names Rick’s Cabaret, Club Onyx, XTC Cabaret, Tootsie’s Cabaret, Cabaret North, Jaguars and Cabaret East. RCI Hospitality Holdings also owns and operates adult Internet websites.

RCI Hospitality Holdings’ expected earnings growth rate for the year to date is 29.2%. The Zacks consensus estimate for the year to date is up 2.3% over the past 60 days. RICK currently has a Zacks Rank #2.

Wyndham Hotels & Resorts, Inc. offers a chain of hotels and resorts. WH operates primarily in Canada, Mexico, Colombia, Ecuador, Turkey, Germany, United Kingdom, the Caribbean and Margarita Island in Venezuela. Wyndham Hotels and Resorts is headquartered in New Jersey, USA.

Wyndham Hotels & Resorts’ expected earnings growth rate for the year to date is 21.5%. The Zacks consensus estimate for the year to date is up 5.5% over the past 60 days. WH currently has a Zacks rank #2.

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Past performance is no guarantee of future results. The potential for loss is inherent in every investment. This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether an investment is suitable for a is suitable for certain investors. It should not be assumed that investments in any security, company, sector or market identified and described have been or will be profitable. All information is current at the time of publication and is subject to change without notice. Any views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or investment management activities for securities. These returns are from hypothetical portfolios composed of Zacks rank = 1 stocks rebalanced monthly excluding transaction costs. These are not actual stock portfolio returns. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information on the performance figures presented in this press release.

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Hyatt Hotels Corporation (H): Free Stock Research Report

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Hilton Grand Vacations Inc. (HGV): Free Stock Research Report

Wyndham Hotels & Resorts (WH): Free Stock Research Report

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