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U.S. Hotels, Resorts and Cruise Lines Industry Analysis

UpdatedNov 18, 2025
DataAggregated Company Financials
Companies35
  • 7D-5.1%
  • 3M-8.0%
  • 1Y1.8%
  • YTDn/a

Over the last 7 days, the Hotels, Resorts and Cruise Lines industry has dropped 5.1%, driven by declines in Royal Caribbean Cruises and Booking Holdings of 6.9% and 3.1%, respectively. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the U.S. Hotels, Resorts and Cruise Lines Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Nov 2025US$317.7bUS$108.7bUS$15.0b21.1x21.2x2.9x
Fri, 17 Oct 2025US$330.3bUS$106.8bUS$15.0b23x22x3.1x
Sun, 14 Sep 2025US$345.4bUS$106.6bUS$14.9b25x23.2x3.2x
Tue, 12 Aug 2025US$312.3bUS$106.0bUS$14.6b21.1x21.3x2.9x
Thu, 10 Jul 2025US$339.7bUS$105.8bUS$14.8b19.1x22.9x3.2x
Sat, 07 Jun 2025US$320.0bUS$106.1bUS$14.4b19.2x22.2x3x
Mon, 05 May 2025US$291.6bUS$106.3bUS$14.5b18x20.1x2.7x
Wed, 02 Apr 2025US$286.1bUS$106.9bUS$14.7b18.5x19.5x2.7x
Fri, 28 Feb 2025US$323.9bUS$108.7bUS$14.6b21.9x22.1x3x
Sun, 26 Jan 2025US$308.5bUS$98.5bUS$12.4b21.7x24.9x3.1x
Tue, 24 Dec 2024US$318.8bUS$98.4bUS$12.4b22.8x25.7x3.2x
Thu, 21 Nov 2024US$305.1bUS$97.9bUS$12.1b21.5x25.3x3.1x
Sat, 19 Oct 2024US$288.7bUS$96.4bUS$13.9b20.8x20.7x3x
Mon, 16 Sep 2024US$247.1bUS$95.3bUS$13.3b17.7x18.6x2.6x
Wed, 14 Aug 2024US$227.1bUS$95.1bUS$12.7b17.6x17.8x2.4x
Fri, 12 Jul 2024US$267.1bUS$93.8bUS$12.2b19.9x21.9x2.8x
Sun, 09 Jun 2024US$260.6bUS$92.9bUS$11.7b19.5x22.2x2.8x
Tue, 07 May 2024US$268.5bUS$91.9bUS$11.0b22.7x24.3x2.9x
Thu, 04 Apr 2024US$266.8bUS$90.8bUS$10.7b22.7x24.9x2.9x
Sat, 02 Mar 2024US$256.8bUS$89.7bUS$10.3b21.3x25x2.9x
Mon, 29 Jan 2024US$246.7bUS$85.3bUS$10.4b21.3x23.8x2.9x
Wed, 27 Dec 2023US$244.6bUS$85.2bUS$10.3b21.4x23.6x2.9x
Fri, 24 Nov 2023US$217.9bUS$83.3bUS$8.5b21.9x25.7x2.6x
Sun, 22 Oct 2023US$191.6bUS$80.5bUS$3.9b21.6x48.7x2.4x
Tue, 19 Sep 2023US$226.4bUS$78.0bUS$2.0b23.2x112.1x2.9x
Thu, 17 Aug 2023US$226.6bUS$76.6bUS$1.7b22.3x134.9x3x
Sat, 15 Jul 2023US$235.8bUS$74.5bUS$108.4m21.1x2175.1x3.2x
Mon, 12 Jun 2023US$211.7bUS$72.2b-US$1,318,303,352.0020.8x-160.6x2.9x
Wed, 10 May 2023US$203.0bUS$70.7b-US$2,341,479,514.0021.5x-86.7x2.9x
Fri, 07 Apr 2023US$297.6bUS$86.2b-US$232,254,368.0025x-1281.5x3.5x
Sun, 05 Mar 2023US$323.1bUS$82.9b-US$2,226,614,727.0027.5x-145.1x3.9x
Tue, 31 Jan 2023US$359.5bUS$84.3b-US$2,237,380,859.0025.2x-160.7x4.3x
Thu, 29 Dec 2022US$290.5bUS$84.1b-US$2,231,761,069.0021.4x-130.2x3.5x
Sat, 26 Nov 2022US$308.0bUS$80.8b-US$3,208,991,263.0021.3x-96x3.8x
Price to Earnings Ratio

-96x


Total Market Cap: US$308.0bTotal Earnings: -US$3,208,991,263.00Total Revenue: US$80.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hotels, Resorts and Cruise Lines Industry Price to Earnings3Y Average 24.6x202320242025
Current Industry PE
  • Investors are pessimistic on the American Hotels, Resorts and Cruise Lines industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 21.8x which is lower than its 3-year average PE of 24.5x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • Total earnings for the Hotels, Resorts and Cruise Lines industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 10% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Hotels, Resorts and Cruise Lines compare with similar industries?

US Market-2.74%
Consumer Discretionary-5.49%
Hospitality-3.59%
Hotels, Resorts and Cruise Lines-5.10%
Restaurants0.24%
Leisure Facilities-4.51%
Casinos and Gaming-6.67%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HTHT H World GroupUS$45.300.2%
+US$30.8m		25.2%PE25x

Latest News

TCOM
US$70.89
Trip.com Group
7D
-5.0%
1Y
9.4%
HLT
US$267.94
Hilton Worldwide Holdings
7D
-2.1%
1Y
7.3%
HTHT
US$45.30
H World Group
7D
0.2%
1Y
25.2%
CCL
US$25.76
Carnival Corporation &
7D
-3.8%
1Y
2.5%

CCL: Record Forward Bookings Will Drive Revenue Momentum Into 2026

The analyst price target for Carnival Corporation & has been revised slightly downward to $35.70 from $35.84. This change reflects minor adjustments in fair value estimates as analysts balance strong recent performance and record bookings with updated expectations for future revenue growth and margins.
EXPE
US$239.99
Expedia Group
7D
-9.5%
1Y
35.5%

EXPE: Future Performance Will Reflect Balance Of Opportunity And Risk Ahead

Expedia Group’s analyst price target has been raised significantly, moving from approximately $227 to $265 per share. Analysts cite stronger-than-expected third-quarter results as well as improved growth and margin expectations.
MAR
US$282.85
Marriott International
7D
-3.1%
1Y
1.3%
BKNG
US$4,783.01
Booking Holdings
7D
-5.3%
1Y
-3.9%

BKNG: Strong Q3 Performance And AI Momentum Will Drive Further Upside

The analyst price target for Booking Holdings has increased by $69.84 to $6,210. Analysts cite strong Q3 performance, healthy future guidance, and continued cost efficiencies as supporting factors for the upward revision.
RCL
US$251.42
Royal Caribbean Cruises
7D
-4.6%
1Y
7.1%

RCL: Earnings Upside Will Emerge As Conservative 2026 Guidance Resets Expectations

Analysts have modestly reduced their price target for Royal Caribbean Cruises, trimming it from approximately $344 to $337. They cite a slightly higher discount rate, marginally slower revenue growth and profit margin projections, as well as recent indications of softer yield momentum in upcoming quarters.
ABNB
US$115.42
Airbnb
7D
-5.8%
1Y
-12.2%

Earnings Update: Airbnb, Inc. (NASDAQ:ABNB) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Nov 10
Earnings Update: Airbnb, Inc. (NASDAQ:ABNB) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts