Lodging
14 companies · $68.1B combined revenue · $10.5B operating profit
The typical US-listed lodging company grew revenue 4.4% and earnings 15.2% in its latest year, at a 22.7% operating margin, and 7 of 10 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 8% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more7%
- Operating leverage · Operating income growing faster than a growing revenue54%
- Margin expansion · Operating margin up 1 point or more36%
- Debt reduction · Debt down 5% or more, or net cash23%
Combined revenue · 12 companies reporting in US dollars
Combined operating margin
All 14 companies
| Median | – | 4.4% | 15.2% | 22.7% | 20% | 1.28x |
| MARMarriott International | $26.2B | 4.3%▼ | 9.5%▼ | 15.8%▼ | 21.6%▲ | – |
| HLTHilton Worldwide | $12.0B | 7.7%▲ | -5.1%▼ | 22.4%▼ | 22%▲ | – |
| IHGIntercontinental Hotels | $5.2B | 5.4%▲ | 20.9%▲ | 23.1%▲ | 36.9%▲ | – |
| HHyatt Hotels | $7.1B | 6.8%▲ | -104%▼ | 5.6%▼ | 3.6%▼ | 1.28x |
| HTHTH World | CNY 25.3B | 5.9%▲ | 66.7%▲ | 26.9%▲ | 14.9%▼ | 0.45x▲ |
| WHWyndham Hotels & Resorts | $1.4B | 1.8%▼ | -33.2%▼ | 28.1%▲ | 10.9%▼ | 5.37x▼ |
| RRRRed Rock Resorts | $2.0B | 3.7%▼ | 22.1%▲ | 29.7%▲ | 15.7%▼ | 16x▼ |
| CHHChoice Hotels International | $1.6B | 0.8%▼ | 23.5%▲ | 28.1%▲ | 18.3%▼ | 11x▼ |
| ATATAtour Lifestyle | CNY 9.8B | 35.1%▲ | 27.1%▲ | 23.6%▲ | 42.4%▲ | 0.07x▲ |
| TNLTravel & Leisure | $4.0B | 4.1%▼ | -44%▼ | 13.8%▼ | – | – |
| PKPark Hotels & Resorts | $2.5B | -2.2%▼ | -233%▼ | -1.3%▼ | – | 1.23x▲ |
| HGVHilton Grand Vacations | $4.5B | 1.1%▼ | 72.3%▲ | -1.6%▼ | – | 3.53x▼ |
| SHOSunstone Hotel Investors | $960M | 6%▲ | -43.2%▼ | 8.1%▼ | – | 0.47x▲ |
| MCRIMonarch Casino & Resort | $545M | 4.4%▲ | 39.3%▲ | 23.4%▲ | 22.7%▲ | – |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).