Hyatt (H) Opens Pacific Northwest's Largest Hotel in Seattle

An image of a stock chart Credit: Shutterstock photo

The U.S. hotel industry has been benefiting from several factors like a strong economy, higher income, increased consumer confidence and a solid labor market. As people are steadfast on spending time with loved ones and keep looking for unique experiences at all price points, the companies in this space believe that the diverse portfolio of offerings will continue to meet the growing demand.

Leading hotelier, Hyatt Hotels CorporationH is also undertaking various steps to cash in on this opportunity. Recently, the company announced the opening of Hyatt Regency Seattle, which is the largest hotel in the Pacific Northwest.

The 1,260-roomed hotel encompasses 103,000-square-feet of floor-to-ceiling windows, StayFit Fitness Center, 65-inch TVs and Technogym state-of-the-art cardio and strength equipment, among other amenities.

Backed by consistent efforts toward expanding its brands globally, Hyatt is gaining market share in the hospitality industry. Additionally, Hyatt's aim to differentiate its brands from one another by providing distinct travel experiences lends it a competitive edge.

During third-quarter 2018, Hyatt registered net room growth of 7.6% on a year-over-year basis, which marked the 14th successive quarter of growth above 6%. Also, the company's development pipeline grew roughly 6% from the figure registered a year ago. For 2018, it expects to grow units by 6.5-7% (on a net room basis), reflecting 60 hotel openings.

Hyatt, which shares space with Extended Stay America, Inc. STAY and Hilton Worldwide Holdings Inc. HLT , carries a Zacks Rank #2 (Buy). In a year's time, shares of Hyatt have lost 2.1% compared with the industry 's 20.6% decline.

Key Pick

A top-ranked stock worth considering in the same space is Belmond Ltd. BEL , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Belmond has an impressive long-term earnings growth rate of 15%.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Extended Stay America, Inc. (STAY): Free Stock Analysis Report

Hyatt Hotels Corporation (H): Free Stock Analysis Report

Belmond Ltd. (BEL): Free Stock Analysis Report

Hilton Worldwide Holdings Inc. (HLT): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.