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U.S. Hospitality Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies163
  • 7D2.0%
  • 3M-1.5%
  • 1Y-6.7%
  • YTD-9.9%

The Hospitality industry is up 2.0% in the last week, with Royal Caribbean Cruises up 8.6%. Meanwhile, Starbucks actually underperformed within the industry, shrinking 5.8% in the last week. However, the industry is down 6.7% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. Hospitality Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026US$771.3bUS$354.9bUS$27.4b20.3x28.2x2.2x
Fri, 01 May 2026US$762.2bUS$352.5bUS$25.5b21.6x29.9x2.2x
Sun, 29 Mar 2026US$706.8bUS$350.1bUS$25.4b20.2x27.9x2x
Tue, 24 Feb 2026US$789.6bUS$346.2bUS$26.1b21.9x30.3x2.3x
Thu, 22 Jan 2026US$810.0bUS$340.8bUS$25.7b21.4x31.5x2.4x
Sat, 20 Dec 2025US$851.6bUS$340.5bUS$25.6b23.4x33.3x2.5x
Mon, 17 Nov 2025US$762.8bUS$335.0bUS$23.3b20.8x32.7x2.3x
Wed, 15 Oct 2025US$816.7bUS$329.3bUS$24.4b23.4x33.4x2.5x
Fri, 12 Sep 2025US$856.4bUS$328.8bUS$24.3b24.4x35.2x2.6x
Sun, 10 Aug 2025US$826.2bUS$327.5bUS$24.3b22.5x34x2.5x
Tue, 08 Jul 2025US$887.9bUS$324.4bUS$24.9b24.5x35.7x2.7x
Thu, 05 Jun 2025US$812.4bUS$325.4bUS$24.5b22.8x33.2x2.5x
Sat, 03 May 2025US$691.0bUS$301.6bUS$20.8b22.6x33.2x2.3x
Mon, 31 Mar 2025US$749.5bUS$318.1bUS$24.0b23.2x31.3x2.4x
Wed, 26 Feb 2025US$815.8bUS$309.5bUS$21.8b24.9x37.4x2.6x
Fri, 24 Jan 2025US$791.8bUS$303.7bUS$20.1b23x39.3x2.6x
Sun, 22 Dec 2024US$812.0bUS$303.7bUS$20.1b23.7x40.4x2.7x
Tue, 19 Nov 2024US$790.3bUS$303.5bUS$19.5b24.4x40.6x2.6x
Thu, 17 Oct 2024US$755.2bUS$301.8bUS$20.3b23.4x37.2x2.5x
Sat, 14 Sep 2024US$680.0bUS$301.2bUS$19.7b19.9x34.5x2.3x
Mon, 12 Aug 2024US$641.4bUS$299.2bUS$19.0b18.8x33.7x2.1x
Wed, 10 Jul 2024US$689.6bUS$296.5bUS$19.8b19.2x34.8x2.3x
Fri, 07 Jun 2024US$662.7bUS$283.2bUS$20.6b19.1x32.1x2.3x
Sun, 05 May 2024US$669.6bUS$283.1bUS$19.9b20.3x33.6x2.4x
Tue, 02 Apr 2024US$697.7bUS$278.9bUS$20.2b20.7x34.5x2.5x
Thu, 29 Feb 2024US$660.2bUS$276.7bUS$19.5b20.2x33.8x2.4x
Sat, 27 Jan 2024US$625.6bUS$270.9bUS$18.6b19.9x33.7x2.3x
Mon, 25 Dec 2023US$627.1bUS$269.1bUS$18.0b20.4x34.8x2.3x
Wed, 22 Nov 2023US$590.2bUS$265.9bUS$15.6b21.4x37.8x2.2x
Fri, 20 Oct 2023US$536.0bUS$259.8bUS$10.8b19.8x49.5x2.1x
Sun, 17 Sep 2023US$593.2bUS$255.2bUS$8.4b19x70.7x2.3x
Tue, 15 Aug 2023US$606.5bUS$254.1bUS$8.0b20x75.7x2.4x
Thu, 13 Jul 2023US$626.1bUS$245.0bUS$5.2b20.2x120.3x2.6x
Sat, 10 Jun 2023US$587.1bUS$241.8bUS$3.7b19.9x158x2.4x
Price to Earnings Ratio

158x


Total Market Cap: US$587.1bTotal Earnings: US$3.7bTotal Revenue: US$241.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hospitality Industry Price to Earnings3Y Average 42.1x202420252026
Current Industry PE
  • Investors are pessimistic on the American Hospitality 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 28.2x which is lower than its 3-year average PE of 42.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Hospitality industry have grown 95% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Discretionary industry?

US Market1.22%
Consumer Discretionary-1.53%
Hospitality2.01%
Casinos and Gaming6.00%
Hotels, Resorts and Cruise Lines3.80%
Leisure Facilities0.92%
Restaurants-2.07%
Industry PE
  • Investors are most optimistic about the Casinos and Gaming industry which is trading above its 3-year average PE ratio of 113x.
    • Analysts are expecting annual earnings growth of 24.2%, which is lower than the prior year's growth of 31.3% per year.
  • Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, which is trading below its 3-year average of 91.0x.
Forecasted Growth
  • Analysts are most optimistic on the Casinos and Gaming industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Leisure Facilities industry is expected to see its earnings grow by 9.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
RCL Royal Caribbean CruisesUS$290.808.6%
+US$6.2b		9.0%PE17.4x
BKNG Booking HoldingsUS$167.212.4%
+US$3.0b		-23.6%PE21.1x
MGM MGM Resorts InternationalUS$48.3625.8%
+US$2.5b		51.3%PE65.9x
HLT Hilton Worldwide HoldingsUS$332.852.8%
+US$2.1b		32.6%PE49.1x
FLUT Flutter EntertainmentUS$101.998.7%
+US$1.4b		-58.6%PS1x

Latest News

YUM
US$146.58
Yum! Brands
7D
-4.8%
1Y
1.8%
MGM
US$48.36
MGM Resorts International
7D
25.8%
1Y
51.3%
FLUT
US$101.99
Flutter Entertainment
7D
8.7%
1Y
-58.6%
CMG
US$29.26
Chipotle Mexican Grill
7D
-9.4%
1Y
-41.6%
MCD
US$276.36
McDonald's
7D
-1.0%
1Y
-11.5%
DRI
US$198.27
Darden Restaurants
7D
-2.7%
1Y
-8.7%
TXRH
US$170.94
Texas Roadhouse
7D
-6.2%
1Y
-12.8%
HLT
US$332.85
Hilton Worldwide Holdings
7D
2.8%
1Y
32.6%
QSR
US$71.57
Restaurant Brands International
7D
-5.1%
1Y
-0.2%
CCL
US$27.64
Carnival
7D
3.5%
1Y
15.5%
Narrative Update • Jun 02

CCL: Fair Value View Balances Fuel Costs With Execution And Capital Returns

Analysts have raised their average price targets on Carnival into the low to mid $30s, citing new Buy initiations with a $36 target, inclusion as a Top Pick at $34, and expectations for Q2 earnings and EBITDA that broadly align with or modestly exceed prior guidance, despite recent industry booking and fuel cost headwinds. Analyst Commentary Recent research on Carnival highlights a mix of optimism around execution and earnings guidance, alongside renewed caution on fuel costs, bookings and headline risk across the cruise group.
RCL
US$290.80
Royal Caribbean Cruises
7D
8.6%
1Y
9.0%
Narrative Update • Jun 01

RCL: Future Earnings Power Will Depend On Mexico Project Resolution

Royal Caribbean Cruises' analyst price target has been trimmed by about $10 to reflect lower fair value, modestly softer revenue growth and profit margin assumptions, and a slightly lower future P/E, after analysts highlighted potential earnings and capacity risks tied to the Perfect Day Mexico project and recent booking headwinds in the broader cruise group. Analyst Commentary Recent research on Royal Caribbean has been active, with several firms revisiting their models after project updates, booking trends and earnings guidance changes.
SBUX
US$95.51
Starbucks
7D
-5.8%
1Y
10.3%
Narrative Update • Jun 01

SBUX: Elevated Labor Investments Will Keep Pressure On Rich P/E Multiple

Analysts have raised the Starbucks fair value estimate from about $77.51 to $81.20. This reflects broadly higher price targets tied to expectations for margin recovery, labor investments, and potential sales and earnings upside highlighted in recent research.
ABNB
US$134.35
Airbnb
7D
1.3%
1Y
1.1%
DASH
US$156.95
DoorDash
7D
1.9%
1Y
-26.6%
BKNG
US$167.21
Booking Holdings
7D
2.4%
1Y
-23.6%
Narrative Update • May 29

BKNG: AI Disruption Fears Will Fade After ChatGPT Checkout Pivot

Booking Holdings' updated analyst price target edges slightly lower by about $0.25 to roughly $224, as analysts factor in modestly softer assumptions for revenue growth and profit margins. This is partly offset by a higher future P/E and mixed recent target resets across the Street following the stock split and shifting views on AI related disruption risks.
CAVA
US$72.44
CAVA Group
7D
-9.8%
1Y
-10.6%