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U.S. Hospitality Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies163
  • 7D-1.5%
  • 3M10.4%
  • 1Y-9.2%
  • YTD-4.4%

Over the last 7 days, the Hospitality industry has dropped 1.5%, driven by a pullback from Royal Caribbean Cruises of 10%. However, the industry is down 9.2% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026US$812.5bUS$356.0bUS$27.1b23.6x29.9x2.3x
Fri, 05 Jun 2026US$751.0bUS$354.9bUS$27.4b20x27.4x2.1x
Sun, 03 May 2026US$773.4bUS$352.5bUS$25.8b21.6x30x2.2x
Tue, 31 Mar 2026US$706.9bUS$350.1bUS$25.4b20.3x27.9x2x
Thu, 26 Feb 2026US$774.9bUS$346.5bUS$26.2b23.2x29.6x2.2x
Sat, 24 Jan 2026US$825.4bUS$340.8bUS$25.7b21.5x32.1x2.4x
Mon, 22 Dec 2025US$863.2bUS$340.5bUS$25.6b22x33.7x2.5x
Wed, 19 Nov 2025US$750.9bUS$336.7bUS$25.1b20.8x29.9x2.2x
Fri, 17 Oct 2025US$830.9bUS$329.3bUS$24.5b23.4x34x2.5x
Sun, 14 Sep 2025US$854.9bUS$328.8bUS$24.3b24x35.2x2.6x
Tue, 12 Aug 2025US$827.1bUS$327.5bUS$24.3b22.4x34x2.5x
Thu, 10 Jul 2025US$886.6bUS$324.4bUS$24.9b24.5x35.7x2.7x
Sat, 07 Jun 2025US$822.3bUS$325.5bUS$24.5b22.7x33.5x2.5x
Mon, 05 May 2025US$771.7bUS$318.3bUS$24.0b22.6x32.1x2.4x
Wed, 02 Apr 2025US$746.2bUS$318.1bUS$24.0b23.2x31.1x2.3x
Fri, 28 Feb 2025US$826.4bUS$319.8bUS$22.9b23.8x36.1x2.6x
Sun, 26 Jan 2025US$783.6bUS$303.8bUS$20.1b23.6x38.9x2.6x
Tue, 24 Dec 2024US$811.8bUS$303.7bUS$20.1b23.6x40.4x2.7x
Thu, 21 Nov 2024US$799.3bUS$303.9bUS$19.8b24.4x40.4x2.6x
Sat, 19 Oct 2024US$758.8bUS$301.8bUS$20.3b23.1x37.4x2.5x
Mon, 16 Sep 2024US$685.2bUS$301.2bUS$19.7b19.9x34.7x2.3x
Wed, 14 Aug 2024US$637.3bUS$299.3bUS$19.0b18.9x33.5x2.1x
Fri, 12 Jul 2024US$683.9bUS$296.5bUS$19.8b19.5x34.5x2.3x
Sun, 09 Jun 2024US$658.1bUS$283.2bUS$20.7b18.9x31.8x2.3x
Tue, 07 May 2024US$678.1bUS$283.3bUS$19.9b19.8x34x2.4x
Thu, 04 Apr 2024US$693.2bUS$278.9bUS$20.2b20.7x34.3x2.5x
Sat, 02 Mar 2024US$670.3bUS$277.2bUS$19.5b20.3x34.4x2.4x
Mon, 29 Jan 2024US$629.2bUS$270.9bUS$18.6b19.9x33.8x2.3x
Wed, 27 Dec 2023US$627.1bUS$269.1bUS$18.0b20.7x34.8x2.3x
Fri, 24 Nov 2023US$588.2bUS$266.9bUS$16.2b20.8x36.3x2.2x
Sun, 22 Oct 2023US$528.4bUS$259.8bUS$10.8b19.5x48.8x2x
Tue, 19 Sep 2023US$592.8bUS$255.2bUS$8.4b19.4x70.7x2.3x
Thu, 17 Aug 2023US$592.8bUS$254.3bUS$8.1b19.4x73.4x2.3x
Sat, 15 Jul 2023US$631.2bUS$245.1bUS$5.2b20.2x121.2x2.6x
Price to Earnings Ratio

121.2x


Total Market Cap: US$631.2bTotal Earnings: US$5.2bTotal Revenue: US$245.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hospitality Industry Price to Earnings3Y Average 38.3x202420252026
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 29.9x which is lower than its 3-year average PE of 38.4x.
  • 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 73% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market0.79%
Consumer Discretionary1.48%
Hospitality-1.47%
Leisure Facilities1.21%
Casinos and Gaming0.76%
Restaurants0.52%
Hotels, Resorts and Cruise Lines-3.74%
Industry PE
  • Investors are most optimistic about the Casinos and Gaming industry which is trading above its 3-year average PE ratio of 117x.
    • Analysts are expecting annual earnings growth of 25.1%, 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 72.1x.
Forecasted Growth
  • Analysts are most optimistic on the Casinos and Gaming industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Leisure Facilities industry is expected to see its earnings grow by 14% 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
MCD McDonald'sUS$282.214.4%
+US$8.5b		-3.2%PE23.1x
DASH DoorDashUS$195.726.1%
+US$4.9b		-18.9%PE92.1x
ABNB AirbnbUS$148.804.0%
+US$3.4b		8.6%PE35.1x
BKNG Booking HoldingsUS$181.952.1%
+US$2.9b		-20.4%PE22.9x
MAR Marriott InternationalUS$380.752.7%
+US$2.7b		36.0%PE38.9x

Latest News

BKNG
US$181.95
Booking Holdings
7D
2.1%
1Y
-20.4%
DASH
US$195.72
DoorDash
7D
6.1%
1Y
-18.9%
BROS
US$66.28
Dutch Bros
7D
-7.7%
1Y
0.3%
YUM
US$167.49
Yum! Brands
7D
4.8%
1Y
11.3%
MCD
US$282.21
McDonald's
7D
4.4%
1Y
-3.2%
ABNB
US$148.80
Airbnb
7D
4.0%
1Y
8.6%
VIK
US$100.01
Viking Holdings
7D
-4.5%
1Y
81.4%
Narrative Update • Jul 02

VIK: Future Fleet Expansion And Margin Improvements Will Drive Upside

Analysts have lifted their price target for Viking Holdings to $118.48 from $80.21, citing updated assumptions for slightly lower discount rates, higher projected revenue growth, improved profit margins, and a richer future P/E multiple. What’s in the News for Viking Holdings Viking Holdings reported Q1 revenue growth of 17.5% year over year, ahead of analyst expectations, with higher net profit and operating efficiency supporting a 19% rise in the stock price in the latest trading reaction to results.
MGM
US$46.64
MGM Resorts International
7D
-2.4%
1Y
24.3%
Narrative Update • Jul 02

MGM: Takeover Bid And Japan Optionality Will Shape Balanced Outlook

The analyst price target for MGM Resorts International has moved higher from $43.58 to $46.61, with analysts highlighting increased assumed revenue growth, a slightly higher profit margin outlook, and added value tied to potential acquisition outcomes and longer term optionality in Japan. Analyst Commentary Recent research on MGM Resorts International shows a wide range of views, but a clear focus on how a potential takeout by People Incorporated, together with the longer term prospects in Japan and the Las Vegas Strip, could influence the stock's valuation and execution risk.
EXPE
US$269.87
Expedia Group
7D
5.5%
1Y
52.0%
HLT
US$341.12
Hilton Worldwide Holdings
7D
3.2%
1Y
25.0%
NCLH
US$18.83
Norwegian Cruise Line Holdings
7D
-10.8%
1Y
-13.0%
Narrative Update • Jun 30

NCLH: Turnaround Plan And Insider Buying Will Confront Sector Headwinds

Analysts have adjusted their fair value estimate for Norwegian Cruise Line Holdings to $21.33 from $24.61. This reflects updates to revenue growth, margin expectations, and the latest mix of higher and lower Street price targets across the cruise sector.
MAR
US$380.75
Marriott International
7D
2.7%
1Y
36.0%
Narrative Update • Jun 30

MAR: Expansion Into China And Saudi Arabia Will Drive Future Upside

Analysts have lifted their price target on Marriott International from $370 to $446, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E that adjust their view of the stock's valuation profile. What's in the News Marriott International introduced the AI powered Ask Bonvoy tool in beta, using conversational search to help travelers find and book stays across its portfolio of more than 10,000 properties.
RCL
US$282.26
Royal Caribbean Cruises
7D
-11.1%
1Y
-14.5%
Narrative Update • Jun 30

RCL: Project And Fuel Headwinds Will Cap Further Upside Potential

Royal Caribbean Cruises' analyst fair value has been adjusted slightly lower from $268.88 to $261.31. This reflects updated assumptions on discount rates, revenue growth, margins, and a more conservative future P/E, even as several firms revise price targets following shifts in fuel cost expectations and project specific risks around Perfect Day Mexico.
CCL
US$26.68
Carnival
7D
-6.6%
1Y
-7.5%
Narrative Update • Jun 30

CCL: Fuel Efficiency And Cost Control Will Support Future Upside Potential

The analyst price target for Carnival has been revised to $35.60 from $37.70 as analysts weigh stronger fuel efficiency benefits and cost control against softer European booking trends and lowered yield guidance. Analyst Commentary Carnival sits in the middle of a split analyst debate, with most recent research pointing to improved cost execution and fuel savings, while also flagging pressure on future yield guidance and pockets of softer demand, especially in Europe.
TXRH
US$187.03
Texas Roadhouse
7D
-3.2%
1Y
-0.6%
Seeking Alpha • Jun 24

Texas Roadhouse: Higher Beef Prices Are A Competitive Edge

Summary Texas Roadhouse has compounded stock at 17% annually over the past decade, outpacing the S&P 500. TXRH is gaining market share by limiting price increases to 2%, under inflation, and now leads U.S. casual dining revenue share. Despite beef price pressures, TXRH’s disciplined pricing strategy is driving continued consumer preference and margin resilience. Expansion of Bubba’s 33 and Jaggers brands, growing 20% YoY, positions TXRH as a multi-brand restaurant corporation. Read the full article on Seeking Alpha
CAVA
US$69.74
CAVA Group
7D
-11.1%
1Y
-20.4%
Narrative Update • Jun 23

CAVA: Premium P/E Will Rely On Sustained Same Restaurant Sales Strength

CAVA Group's analyst price target has been nudged higher to $65.49 from $65.14, with analysts pointing to stronger same-store-sales trends, improving traffic, and a sustained growth story supported by recent Q1 results and updated guidance. Analyst Commentary Recent research on CAVA Group has leaned positive, with several firms lifting price targets after Q1 results and updated guidance.