Increased vaccinated population and reduced travel restrictions are expected to boost demand for hotel bookings.
However, high inflation, war in Europe and rising interest rates will continue to affect consumer spending.
In such a scenario, TipRanks’ need for insightful tools seems appropriate for investors. Use of data from SEMrush Holdings (SEMR), the world’s largest website usage monitoring service, TipRanks’ website traffic tool visualizes the relationship between estimates of consumer visits to its websites and stock prices.
Let’s take a look at three stocks that are trending up on the website and have a good future.
Wynn Resorts Limited (NASDAQ: win)
Wynn Resorts is a publicly traded company in the hospitality and gaming sector. We focus on the development of luxury hotels and casinos.
Hampered by the pandemic and subsequent measures, Wynn Resorts’ finances were under significant pressure. Nonetheless, the recovery in travel due to the easing of COVID-related travel restrictions, especially in China, reflects increased customer demand.
TipRanks also found an upward trend in website traffic in their website traffic tool. Total visits to wynnresorts.com in April and May showed an upward trend on a global basis, increasing 4% and 52.86% respectively year-over-year. And compared to the year-to-date website growth rate of the previous year, year-to-date website growth was a whopping 69.76%.
This suggests that the company may report strong results in the second quarter.
In May, Wynn Resorts reported first quarter operating revenue growth of 29.4% and adjusted property EBITDA more than tripled.
Recently, Deutsche Bank analyst Carlo Santarelli maintained a ‘buy’ rating and $92 price target for Wynn Resorts. Santarelli’s price target suggests a 54.6% upside potential for him over the next 12 months.
Overall, the rest of the street is cautiously optimistic about the stock, with a medium buy consensus rating based on an even split between buys and holds. Wynn Resorts’ average price target of $85.69 implies a 43.99% upside potential. The stock has risen more than 51% over the past year.
Hanadama group only (Nasdaq: HTHT)
With a global market capitalization of $11.78 billion, Huazhu Group ranks as the 7th largest hotel group in 2021. This Chinese hotel management company operates his 7,988 properties in 16 countries as of March 31, 2022.
The company posted a strong performance in the first quarter of 2022 on the back of a recovery in leisure and corporate travel. Meanwhile, since the end of March 2022, his COVID flare-up due to the Omicron variant has slowed business in China. This was followed by strict lockdowns in major cities.
Nevertheless, Huazhu Group’s management tried to navigate the situation through cost control measures and other strategic initiatives.
Huazhu CEO Jin Hui commented: Longer term, we will continue to put our customers, franchisees and employees at the center of our ability to weather the ups and downs of economic cycles over the long term. ”
I’ve noticed an upward trend in website clicks in my online traffic tool. In May 2022, the total number of visits to huazhu.com showed an upward trend on a global basis, showing a sharp increase of 18.47% from April. Also, his website’s year-to-date growth rate was 3.98% compared to the year-to-date growth rate of the website in the previous year.
Following the company’s first-quarter results, Benchmark Co. analyst Fawne Jiang maintained his bullish stance on HTHT, but set a price target of $50 to $40 (up 4.28%). ).
The consensus among analysts is a strong buy based on three unanimous buys. Huazhu Group’s average price target is $47.73, implying a potential upside of 24.43% from current levels. However, the stock has fallen 27.43% over the past year.
Hilton Worldwide Holdings (New York Stock Exchange: HLT)
A popular global hospitality company, Hilton offers a broad portfolio of 18 renowned brands, including approximately 6,900 properties and more than 1 million guest rooms in 122 countries. As of March 31, the company has 740 managed hotels, 54 owned properties and 6,098 franchised hotels.
In the current market scenario, with a market capitalization of $32.57 billion, the company has suffered losses of around 3% over the past year. This reflects Hilton’s resilient business model and strong fundamentals.
Last quarter, the company reported an 80.5% year-over-year increase in comparable RevPAR (revenue per available room) across systems on the back of higher occupancy rates and higher ADR (average daily rate). , reported strong results. Management was optimistic about the industry’s strong recovery and provided a solid outlook for the period ahead.
The TipRanks tool shows an upward trend in website clicks. Total visits to hilton.com in April and May showed strong growth on a global basis, up 56.29% and 35.7% year-on-year, respectively, a strong result to report . Also, his website grew 24.9% year-to-date compared to the year-to-date growth of his website in the previous year. Moreover, compared to Q1, website traffic has increased by 22.04% in Q2 so far, showing optimism.
Barclays analyst Brandt Montour recently began reporting on Hilton with a hold rating and a price target of $125 (8.43% upside).
In line with Montour’s stance, consensus among analysts now results in hold valuations based on 2 buys and 8 holds. Hilton’s average price forecast is $149.6, meaning he could rise 29.77% from current levels.
closing words
A strong recovery in travel demand and an upward trend in website traffic show optimism for these companies. However, the current uncertain macroeconomic environment remains a cause for concern.
Read full disclosure
