Forecast Of The Day: Hyatt Hotels’ Occupancy Rate
What?
Trefis expects the Hotel Occupancy rates for Hyatt Hotels (NYSE:H) Owned & Leased Hotels to increase from 23% in 2020 to 48% in 2021 and 68% in 2022.
Why?
Travel is likely to pick up, with the increasing availability of Covid-19 vaccines and lower global Covid-19 cases.
So What?
Hyatt stock has more than doubled from its March 2020 lows of about $40 per share, trading at about $81 as of Friday. However, we think that much of the ongoing recovery is already priced in, giving the stock little room for gains in the near term.
See Our Complete Analysis For Hyatt
Looking for a balanced portfolio to invest in? Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams