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HLT or H: Which Hotel Stock is Better Placed at the Moment?
HHyatt(H) Zacks Investment Research·2024-01-15 17:47

The Hotels and Motels industry exhibited consistent performance, driven by significant growth in group room nights. Amanda Hite, president of STR, highlighted the U.S. hotel industry's robust performance in 2023, with a 5% increase in Revenue per Available Room (RevPAR) compared with the previous year’s levels. Occupancy rates steadily approached 2019 levels. Average Daily Rate (ADR) and RevPAR levels were consistently above the industry benchmark in nominal terms. The metrics demonstrate progress even when ...