Hilton Worldwide Holdings 주식 (NYSE: HLT)

Hilton Worldwide Holdings (NYSE:HLT) 주식

Hilton Worldwide Holdings

Hilton Worldwide Holdings operates more than 1.2 million rooms across its more than 20 brands serving the premium economy through luxury segments. Hampton and Hilton are the two largest brands, representing 27% and 18%, respectively, of the company's total rooms, as of Dec. 31, 2024. Recent brands launched over the last few years include Home2, Curio, Canopy, Spark, Tru, Tempo, and LivSmart, as well as a partnership with Small Luxury Hotels of the World and acquisitions of NoMad and Graduate Hotels. Managed and franchised hotels represent the vast majority of adjusted EBITDA, predominantly from the Americas.

Dusseldorf,,Germany,-,May,,2014:,Hyatt,Hotels,Brandmark,On,Modern

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골드만삭스 애널리스트인 리지 도브(Lizzie Dove)는 소비자 수요 약화, 지정학적 불확실성, 미국 항공사의 부정적인 영향 등으로 인해 미국 숙박 C-Corps 및 타임셰어(Timeshares) 숙박업에 대한 전망을 하향 조정했다.

골드만삭스, 잠재적인 경기침체 전망 속 호텔 및 숙박 주식 전망 하향 조정

Passport,In,Travelers,Hand,At,The,Airport.

Travel

ALGT

CMCSA

JBLU

NCLH

PRKS

캐나다 사람들의 미국 여행이 10% 감소하면, 미국 방문자 수가 200만 명 감소하고 미국에 대한 지출 손실이 21억 달러에 달할 수 있다.이는 미국여행협회(U.S. Travel Association)의 데이터를 인용한 골드만삭스 애널리스트 리지 도브의 주장이다. 도브는 최근 항공사, 크루즈, 숙박, 테마파크에 대한 캐나다 관광객의 노출을 심층적으로 조사했다.

관세 긴장 속 캐나다인 미국 여행 감소로 GDP 영향받을 수 있어 - 골드만삭스

airplane shutter2

Sector ETFs

ETFs

ABNB

AWAY

BKNG

EXPE

JETS

PowerShares ETF Leisure & Entertainment Port

여행 업계가 예상치 못한 난기류를 겪으면서 여행에 초점을 맞춘 ETF가 흔들리고 있다. 항공사가 매출 전망치를 낮추고, 예약 플랫폼이 어려움을 겪고, 호텔과 크루즈 선사의 주가가 하락하면서 여행 ETF 투자자들은 포트폴리오 하락을 지켜보고 있다. 여행 섹터를 추적하면서 압박을 받고 있는 세 가지 ETF는 다음과 같다. 

여행 주식 하락으로 영향 받은 ETF 3종목

Hilton Worldwide Holdings Inc. Common Stock

Hilton Worldwide Holdings Inc

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National Healthcare Properties Inc

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HILTON FOOD GROUP PLC by HILTON FOOD GROUP PLC

Hilton Food Group PLC

NOBILIS HEALTH CORP COM

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HELLENIC TELECOMMUNS ORG by Hellenic Telecommunications Organization S.A.

Hellenic Telecommunication Organization SA

HELLENIC TELECOMMUNS ADR by Hellenic Telecommunications Organization S.A.

HLS THERAPEUTICS INC by HLS Therapeutics Inc.

HLS Therapeutics Inc

HEALTHTECH SOLUTIONS INC by Healthtech Solutions Inc.

Healthtech Solutions Inc

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/25/25</td>
<td>$280.00</td>
<td>$27.1K</td>
<td>22.4K</td>
<td>197.0K</td>
</tr>
<tr>
<td>HLT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$195.00</td>
<td>$1.4 million</td>
<td>8</td>
<td>1.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$140.00</td>
<td>$72.8K</td>
<td>404</td>
<td>1.0K</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$80.00</td>
<td>$206.7K</td>
<td>1.4K</td>
<td>499</td>
</tr>
<tr>
<td>SGI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$60.00</td>
<td>$54.2K</td>
<td>577</td>
<td>351</td>
</tr>
<tr>
<td>PENN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$16.00</td>
<td>$60.0K</td>
<td>314</td>
<td>347</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$85.00</td>
<td>$48.0K</td>
<td>2.1K</td>
<td>295</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$190.00</td>
<td>$41.0K</td>
<td>5.4K</td>
<td>260</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$20.00</td>
<td>$30.4K</td>
<td>3.1K</td>
<td>71</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$95.00</td>
<td>$70.4K</td>
<td>371</td>
<td>70</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be neutral, is expiring today. Parties traded 38 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $715.0 per contract. There were 22477 open contracts at this strike prior to today, and today 197069 contract(s) were bought and sold. 
• Regarding HLT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), we observe a put option trade with bullish sentiment. It expires in 175 day(s) on October 17, 2025. Parties traded 1500 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $1.4 million, with a price of $980.0 per contract. There were 8 open contracts at this strike prior to today, and today 1500 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 28 day(s) on May 23, 2025. This event was a transfer of 499 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $72.8K, with a price of $146.0 per contract. There were 404 open contracts at this strike prior to today, and today 1029 contract(s) were bought and sold. 
• For CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 179 contract(s) at a $80.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $206.7K, with a price of $1155.0 per contract. There were 1417 open contracts at this strike prior to today, and today 499 contract(s) were bought and sold. 
• Regarding SGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGI#NYSE">SGI</a>), we observe a put option sweep with bearish sentiment. It expires in 21 day(s) on May 16, 2025. Parties traded 201 contract(s) at a $60.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $54.2K, with a price of $270.0 per contract. There were 577 open contracts at this strike prior to today, and today 351 contract(s) were bought and sold. 
• For PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we notice a put option trade that happens to be bullish, expiring in 84 day(s) on July 18, 2025. This event was a transfer of 347 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $60.0K, with a price of $173.0 per contract. There were 314 open contracts at this strike prior to today, and today 347 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a call option trade that happens to be bullish, expiring in 266 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $960.0 per contract. There were 2153 open contracts at this strike prior to today, and today 295 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with neutral sentiment. It expires in 147 day(s) on September 19, 2025. Parties traded 23 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $41.0K, with a price of $1785.0 per contract. There were 5449 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option trade with bearish sentiment. It expires in 630 day(s) on January 15, 2027. Parties traded 21 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $30.4K, with a price of $1450.0 per contract. There were 3155 open contracts at this strike prior to today, and today 71 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option sweep that happens to be bearish, expiring in 329 day(s) on March 20, 2026. This event was a transfer of 58 contract(s) at a $95.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $70.4K, with a price of $1215.0 per contract. There were 371 open contracts at this strike prior to today, and today 70 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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PENN

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10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

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Select Sector SPDR-Consumer Discretionary

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Shares of companies in the broader consumer discretionary sector are trading higher after President Trump indicated tariffs against China will be lowered and trade tensions may de-escalate. Tariff concerns have weighed on the sector this year due to their expected impact on consumer spending.

Evercore ISI Group analyst Duane Pfenningwerth maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a In-Line and lowers the price target from $275 to $245.

Evercore ISI Group Maintains In-Line on Hilton Worldwide Holdings, Lowers Price Target to $245

ALUR

CHWY

FNKO

KAVL

MULN

STLA

YUMC

Shares of companies in the broader consumer discretionary sector are trading higher amid Treasury Secretary Scott Bessent's remarks about trade de-escalation with China, which may relieve potential cost pressures for the consumer and lead to an uptick in spending.

Barclays analyst Brandt Montour maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Overweight and lowers the price target from $287 to $233.

Barclays Maintains Overweight on Hilton Worldwide Holdings, Lowers Price Target to $233

Morgan Stanley analyst Stephen Grambling maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Overweight and lowers the price target from $251 to $241.

Morgan Stanley Maintains Overweight on Hilton Worldwide Holdings, Lowers Price Target to $241

Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) has outperformed the market over the past 10 years by 3.35% on an annualized basis producing an average annual return of 12.64%. Currently, Hilton Worldwide Holdings has a market capitalization of $49.22 billion. 
Buying $1000 In HLT: If an investor had bought $1000 of HLT stock 10 years ago, it would be worth $3,264.99 today based on a price of $204.59 for HLT at the time of writing.
<h3>Hilton Worldwide Holdings's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745267421_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Hilton Worldwide Holdings Stock In The Last 10 Years

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness and investor concerns over deteriorating trade relationships.

Hilton Worldwide Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) short percent of float has risen 9.43% since its last report. The company recently reported that it has 4.87 million shares sold short, which is 2.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.13 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Hilton Worldwide Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744808418_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hilton Worldwide Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Hilton Worldwide Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Hilton Worldwide Holdings's peer group average for short interest as a percentage of float is 7.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Is the Market Bullish or Bearish on Hilton Worldwide Holdings?

Following Bank of America Securities&#8217; recent notes amid tariff-induced volatility, it also published some key data on questions <a target="_blank" href="https://www.benzinga.com/general/travel" rel="noreferrer noopener">it regularly receives.</a>
International inbound travel makes up only ~5% of U.S. room nights and 3% of arrivals. However, international travelers stay longer, spend more, and are mostly leisure travelers.
The largest source market is Canada (40% of international room nights and 28% of arrivals), followed by Europe and Mexico.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/travel/25/04/44592941/tariff-tensions-could-hurt-us-gdp-as-canadian-tourism-cools-goldman-sachs" rel="noreferrer noopener">Tariff Tensions Could Hurt US GDP As Canadian Tourism Cools: Goldman Sachs</a>
Las Vegas has 10% international visitors, and ~15% of gaming revenue is high-end baccarat, some of which is Asia-sourced.
BofA Securities noted that international inbound did not fully recover post-pandemic, given flight capacity and the dollar.
International revenue is 20-40% for Lodging C-Corps, and China accounts for 5-9% of fees for Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), Hilton Worldwide Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), Hyatt Hotels Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), and Wyndham Hotels &amp; Resorts, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WH#NYSE">WH</a>).
Other regions are evenly balanced across Europe, AsiaPac ex-China, Caribbean/LatAM and MidEast/Africa.
By far the most considerable China exposure in BofA Securities&#8217; coverage is Macau, which makes up 62%, 52%, and 20% of Las Vegas Sands Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) revenue, respectively, while China makes up another ~20% of Singapore for Las Vegas Sands.
The top question BofA Securities received last week concerns the exposure of Lodging C-Corp room development to China. BofA Securities estimates China makes up 37%, 26%, 22%, and 18% of pipelines for Hyatt Hotels, Hilton Worldwide, Wyndham Hotels, and Marriott International overall, but this could overstate exposure as pipelines understate conversions, and China under-indexes on RevPAR given lower occupancy and rates.
Direct tariff impacts for GL&amp;L should be low as supplies/inventories make up ~10-15% of hotel operating expenditure. Developers could see supply chain issues/price spikes across their budgets, but most dollars are international (Japan, Singapore, Macau).
Government makes up ~3% of room nights, and slightly more if contractors are included.
Government per diems are low, reducing the exposure of full-service hotels. Pre-pandemic business travel made up ~30% of overall U.S. travel spending but closer to 70% of revenue for BofA Securities&#8217; companies, which overweight higher chain scales and urban markets.
Business travel is less elastic than leisure travel, but it is diversified by industry. It accounts for only 2-3% of overall corporate operating expenditure and never fully recovered post-COVID.
Lodging C-Corps are now trading below historical averages, while Lodging REITs are at historical trough levels reached at/near the Global Financial Crisis and during COVID.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/25/04/44796659/apple-tops-global-smartphone-sales-with-19-share-boosted-by-iphone-16e-emerging-market-growth" target="_blank" rel="noreferrer noopener">Apple Tops Global Smartphone Sales With 19% Share, Boosted By iPhone 16e, Emerging Market Growth</a></li>
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Photo via Shutterstock

WYNN

Which Gaming And Lodging Stocks Are Exposed To International inbound Travel And China?

Goldman Sachs analyst Lizzie Dove downgraded the outlook for U.S. Lodging C-Corps and Timeshares due to weaker consumer demand, geopolitical uncertainty, and negative impacts from U.S. airlines.
As a result, 2025 RevPAR forecasts are being lowered by approximately 125 basis points. Key challenges include a decline in Canadian tourism and reduced government travel, which are expected to impact U.S. RevPAR negatively.
Although a recession scenario isn't fully factored in, a 45% probability of a U.S. recession is assumed. The focus is on asset-light companies with global exposure and less reliance on U.S. resorts, as the decline in IMF and non-RevPAR fees has yet to be priced in, said the analyst.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44791936/whats-going-on-with-ionq-stock-today" rel="noreferrer noopener">What's Going On With IonQ Stock Today?</a>
In a choppier macro environment, the preference is for stocks with more global diversity, lower U.S. resort exposure, asset-light business models, and stronger prospects for non-RevPAR and ancillary revenues.
Historical context shows that lodging revenue growth has been cyclical, with significant downturns during previous recessions, where business demand impacts leisure travel first, and premium chains see larger RevPAR declines than economy chains, the analyst opined.
Hotel C-Corps have shifted to asset-light, fee-based business models in the past decade, which have shown resilience during downturns, as franchise revenues tend to fare better than owned/leased or timeshare revenues.
Incentive management fees (IMFs) are highly volatile, with U.S. IMF contracts more binary, impacting US properties more than international ones.
While consumer pressures in a downturn could impact credit card fees, supply growth for 2025 is unlikely to be threatened. However, the outlook for 2026 and beyond could face risks due to rising construction costs and economic uncertainty.
The analyst upgraded the shares of Choice Hotels International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) from Sell to Buy and lowered the price forecast from $141 to $138.
The upgrade was done due to its defensive position, primarily driven by its franchise revenue structure and strong balance sheet, which makes it more resilient amid economic uncertainty.
CHH is less affected by the current macroeconomic challenges compared to other US lodging companies, with most of its customers originating from the US, and minimal exposure to international tourism, particularly from Canada.
Recent data shows improving trends for CHH, with steady consumer purchase intent and better performance, especially among lower-income customer segments, despite broader concerns about consumer confidence.
The analyst downgraded the shares of Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) from Neutral to Sell and lowered the price forecast from $150.00 to $110.00.
Hyatt displays higher macro sensitivity, driven by factors such as a larger share of management contracts, significant exposure to China, and a more limited pipeline for in-construction growth.
Despite Hyatt's shift to a more asset-light model, it remains more exposed to macro-sensitive segments compared to peers, including a higher percentage of managed footprint, IMF fees, and exposure to the Chinese market, said the analyst.
The analyst downgraded Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) stock from Buy to Neutral and lowered the price forecast from $296 to $235.
The analyst also downgraded the shares of Marriott International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) from Buy to Neutral and lowered the price forecast from $313.00 to $245.00.
Hilton Worldwide and Marriott International are downgraded due to macro volatility and consumer pressures, which are expected to negatively impact macro-sensitive segments like IMF, credit card revenues, and owned &amp; leased properties.
Both companies have strong business models with resilient balance sheets, but their valuations remain high compared to historical cycles (2016-2019), and consensus estimates, especially for IMF and non-RevPAR fees, are considered too optimistic.
Since their inclusion in the Buy list in September 2024, both MAR and HLT stocks have underperformed, with recent negative signals about consumer health and travel impacting their performance relative to the S&amp;P 500.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44774262/nikes-sneaker-buzz-and-tariff-risks-could-shape-its-future-says-analyst" target="_blank" rel="noreferrer noopener">Nike's Sneaker Buzz And Tariff Risks Could Shape Its Future: Analyst</a></li>
</ul>
Photo via Shutterstock

Goldman Sachs Cuts Outlook For These Hotel And Lodging Stocks As Potential Recession Looms

Goldman Sachs analyst Lizzie Dove downgrades Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) from Buy to Neutral and lowers the price target from $296 to $235.

Goldman Sachs Downgrades Hilton Worldwide Holdings to Neutral, Lowers Price Target to $235

COLM

New Oriental Education & Technology Group

TSCAF

Shares of companies in the braoder consumer discretionary sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

JTAI

MESA

RYAAY

SKYW

Shares of travel and tourism-related companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

BofA Securities analyzes the extent of tariffs and the macroeconomic situation&#8217;s effect on the earnings of gaming and lodging companies.
Since BofA&#8217;s previous report on April 1, stocks in the lodging and gaming sector have dropped 11% % -25 %, underperforming the S&amp;P 500's 16% decline.
Rising tariffs have significantly increased recession risks, with the sector now pricing in an 85% % -100 % chance of a downturn.
Investor concerns have escalated from market correction to a potential full-scale recession. A tariff-driven slowdown could cut sector revenues by 2%–4% and EBITDA by 3%–8%.
Recessions differ in nature, but the past three saw average peak-to-trough GDP drops of 5.1% and 10% in RevPAR.
According to the analyst, sub-sector sensitivity varies, with regional gaming and skiing less affected, while hotels and timeshares are more exposed. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44698868/tariffs-recession-fears-could-derail-wayfair-rh-and-etsy-says-analyst">Tariffs, Recession Fears Could Derail Wayfair, RH And Etsy, Says Analyst</a>
Earnings risk is highest for gaming operators and lodging REITs due to their high operating leverage. COVID and GFC downturns lasted about 67 days; current declines are 55 days in, said the analyst.
A 1% GDP decline could reduce hotel RevPAR by 2%–4%, broader sector revenue by 2%–4%, and EBITDA by 3%–8%.
Tariffs are projected to impact GDP by 1%–1.5%, amplifying pressure on hospitality earnings.
Early data from Apple Hospitality REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) signals underperformance, with potential RevPAR guidance cuts of 2% to 3% and flat growth for the U.S. in 2025.
Domestic gaming stocks are currently trading at notably low valuations, with 2025 EBITDA multiples at 6.5x and free cash flow yields at 15%, while operating companies are at 6.3x and 20%, respectively, said the analyst.
These figures sit one standard deviation below long-term averages, hitting levels last seen in 2022 and even lower than in 2016 and 2018. 
Lodging C-Corps are also below historical norms, except for Hilton Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), which still trades at a premium.
Lodging REITs have dropped to valuation lows only previously observed during the COVID-19 and Global Financial crises.
Meanwhile, timeshare valuations are also depressed, and Vail Resorts Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is now trading at its lowest multiple since 2011.
Read Next: <a href="https://www.benzinga.com/25/04/44717332/why-is-ev-maker-mullen-automotive-stock-tanking-today">Why Is EV Maker Mullen Automotive Stock Tanking Today?</a>
Photo: Shutterstock

APLE

CHDN

BofA Flags Rising Risks For Gaming And Lodging Firms As Valuations Tumble

Shares of consumer discretionary stocks are trading higher after President Trump issued a 90-day pause on reciprocal tariffs for all countries except China, which may reduce risks towards the consumer economy.

Jefferies analyst David Katz maintains Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) with a Hold and lowers the price target from $277 to $228.

Jefferies Maintains Hold on Hilton Worldwide Holdings, Lowers Price Target to $228

LYFT

UBER

Shares of travel and tourism-related companies are trading lower amid an overall market reversal on US-China trade tensions.

Shares of the companies in the broader consumer discretionary sector are trading lower amid US-China trade announcements and overall market weakness, which is clouding certainty around consumer spending and the state of the economy.

APEI

DADA

FATBB

MELI

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

RACE

Sony Group Corporation American Depositary Shares

SONY

Shares of companies in the broader consumer discretionary sector are trading lower amid trade war escalations and President Trump's sweeping tariffs, which are leading to a decline in consumer confidence. Some economists also predict that households will experience higher costs of goods as a result of these policies.

Press Releases

Hilton Announces Fourth Quarter and Full Year 2024 Earnings Release Date

Hilton Closes Out 2024 with Record Levels of Growth, Opening More Rooms than Any Year in its History

Hilton Meetings & Events Trends Report Ushers in 'Year of the Meetings Maximizer'

Hilton Reports Fourth Quarter and Record Full Year Results

Hilton Los Cabos Attains Four-Star Rating in Forbes Travel Guide 2025 Star Awards

/C O R R E C T I O N -- Hilton Los Cabos/

Hilton Announces Nomination of Marissa Mayer to Board of Directors, Long-Time Director Judith McHale to Retire

Hilton Announces First Quarter 2025 Earnings Release Date

Hilton Named the No. 1 Best Company to Work For in the US

Waldorf Astoria Costa Rica Punta Cacique Debuts, Bringing Oceanfront Luxury to the Destination

Airbnb

Atour Lifestyle Holdings Limited - American Depositary Shares

Atour Lifestyle Holdings

Booking Holdings

Choice Hotels International, Inc. Common Stock

Choice Hotels Intl

Despegar.com

Expedia Group

Global Business Travel Group, Inc. Class A Common Stock

Global Business Travel

GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share

GreenTree Hospitality Gr

Hyatt Hotels Corporation Class A Common Stock

Hyatt Hotels

Hilton Grand Vacations

H World Group Limited - American Depositary Shares

H World Group

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share)

InterContinental Hotels

Lindblad Expeditions Holdings Inc. - Common Stock

Lindblad Expeditions

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