Narrow-Moat Hyatt's Brand Strengthens Despite Near-Term U.S. and China Headwinds
Hyatt Hotels' first quarter offered two takeaways for investors. First, our view that the company's brand--the source of its narrow moat--is strengthening was supported by pipeline and net organic unit growth of 25% and 7%, respectively. Second, weaker revenue per available room in the United States (down 0.3%) was driven by market dynamics that are expected to ease. Overall, Hyatt's results are tracking in line with our 2019 forecast for 6% and 1% sales and EBITDA growth, respectively. As a res...Hyatt Hotels is a hospitality company engaged in the development, ownership, operation, management, franchising, licensing or provision of services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts, and other properties, including spas and fitness studios, timeshare, fractional, and other forms of residential and vacation properties. The company also manages, provides services to, or licenses its trademarks with respect to residential ownership units that are often adjacent to a Hyatt-branded hotel. Additionally, for condominium ownership units, the company provides services and/or manage the rental programs or homeowner associations associated with such units.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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