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U.S. Hospitality Industry Analysis

UpdatedSep 21, 2025
DataAggregated Company Financials
Companies159
  • 7D-0.001%
  • 3M5.8%
  • 1Y20.6%
  • YTD7.7%

In the last week, the Hospitality industry is flat overall, with Darden Restaurants standing out by going down 13%. The past year has been better, since the industry has gained 21% in that time. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Sep 2025US$855.4bUS$329.1bUS$24.3b24x35.1x2.6x
Wed, 20 Aug 2025US$852.4bUS$327.9bUS$24.1b23.1x35.4x2.6x
Fri, 18 Jul 2025US$885.0bUS$324.4bUS$24.9b24.2x35.6x2.7x
Sun, 15 Jun 2025US$806.5bUS$325.5bUS$24.5b22.4x32.9x2.5x
Tue, 13 May 2025US$770.9bUS$323.6bUS$25.2b23x30.6x2.4x
Thu, 10 Apr 2025US$659.3bUS$316.0bUS$24.0b22.9x27.5x2.1x
Sat, 08 Mar 2025US$780.7bUS$318.1bUS$23.9b23.9x32.7x2.5x
Mon, 03 Feb 2025US$832.3bUS$309.0bUS$20.6b24.8x40.4x2.7x
Wed, 01 Jan 2025US$796.3bUS$303.6bUS$20.1b23.4x39.6x2.6x
Fri, 29 Nov 2024US$826.8bUS$303.9bUS$19.8b25x41.8x2.7x
Sun, 27 Oct 2024US$761.7bUS$302.1bUS$20.3b23.7x37.6x2.5x
Tue, 24 Sep 2024US$716.2bUS$301.5bUS$19.7b20.9x36.3x2.4x
Thu, 22 Aug 2024US$657.1bUS$300.0bUS$19.3b19.8x34.1x2.2x
Sat, 20 Jul 2024US$674.9bUS$296.5bUS$19.8b19.3x34.1x2.3x
Mon, 17 Jun 2024US$654.7bUS$283.2bUS$20.6b19.5x31.7x2.3x
Wed, 15 May 2024US$669.4bUS$284.6bUS$20.4b20.3x32.9x2.4x
Fri, 12 Apr 2024US$683.3bUS$278.9bUS$20.2b20.2x33.8x2.4x
Sun, 10 Mar 2024US$673.7bUS$277.4bUS$19.4b19.7x34.8x2.4x
Tue, 06 Feb 2024US$628.3bUS$268.3bUS$19.1b19.7x32.8x2.3x
Thu, 04 Jan 2024US$604.8bUS$269.0bUS$18.0b19.8x33.6x2.2x
Sat, 02 Dec 2023US$586.0bUS$267.3bUS$16.5b20.3x35.5x2.2x
Mon, 30 Oct 2023US$524.9bUS$261.5bUS$11.9b19.7x44x2x
Wed, 27 Sep 2023US$557.6bUS$255.5bUS$8.4b19.5x66x2.2x
Fri, 25 Aug 2023US$586.2bUS$254.6bUS$7.9b19.1x74.3x2.3x
Sun, 23 Jul 2023US$636.2bUS$246.5bUS$5.8b20.8x109.7x2.6x
Tue, 20 Jun 2023US$600.5bUS$242.4bUS$3.7b20x161.3x2.5x
Thu, 18 May 2023US$564.8bUS$240.6bUS$2.8b18.9x200.8x2.3x
Sat, 15 Apr 2023US$651.1bUS$248.2bUS$1.9b19.9x346.4x2.6x
Mon, 13 Mar 2023US$609.4bUS$237.1bUS$2.2b19.4x280.2x2.6x
Wed, 08 Feb 2023US$704.5bUS$237.5bUS$2.2b19.4x317.5x3x
Fri, 06 Jan 2023US$601.4bUS$234.9bUS$1.2b17.4x491x2.6x
Sun, 04 Dec 2022US$629.3bUS$231.2bUS$159.6m18.6x3943.4x2.7x
Tue, 01 Nov 2022US$581.9bUS$219.4b-US$2,334,657,835.0019.3x-249.2x2.7x
Thu, 29 Sep 2022US$562.0bUS$215.0b-US$4,792,806,008.0017.1x-117.3x2.6x
Price to Earnings Ratio

-117.3x


Total Market Cap: US$562.0bTotal Earnings: -US$4,792,806,008.00Total Revenue: US$215.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hospitality Industry Price to Earnings3Y Average 174.3x202320242025
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 35.1x which is lower than its 3-year average PE of 174x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

US Market1.49%
Consumer Discretionary2.16%
Hospitality-0.00097%
Hotels, Resorts and Cruise Lines0.51%
Casinos and Gaming0.12%
Restaurants-0.57%
Leisure Facilities-1.15%
Industry PE
  • Investors are most optimistic about the Casinos and Gaming industry, which is trading close to its 3-year average PE ratio of 70.8x.
    • Analysts are expecting annual earnings growth of 32.2%, which is higher than its past year's earnings decline of 0.03% per year.
Forecasted Growth
  • Analysts are most optimistic on the Casinos and Gaming industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 0.03% per year.
  • In contrast, the Hotels, Resorts and Cruise Lines 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
DASH DoorDashUS$265.292.8%
+US$3.1b		89.9%PE145.1x
TCOM Trip.com GroupUS$78.526.3%
+US$3.0b		61.4%PE20.2x
SBUX StarbucksUS$84.563.2%
+US$3.0b		-12.0%PE36.5x
ABNB AirbnbUS$127.043.7%
+US$2.7b		-3.2%PE29.6x
CMG Chipotle Mexican GrillUS$39.321.8%
+US$925.2m		-31.3%PE34.2x

Latest News

DRI
US$184.73
Darden Restaurants
7D
-13.1%
1Y
8.6%

Uber Direct And New Restaurant Formats Will Transform Casual Dining

Darden Restaurants’ consensus price target was revised down from $233.29 to $224.86 as analysts responded to a modest earnings miss, lower guidance, and margin pressures, despite ongoing strength in same-store sales and positive long-term drivers. Analyst Commentary Recent price target changes reflect a modest earnings miss and guidance below elevated expectations, prompting some downward revisions, though several analysts remain positive on the long-term outlook.
RCL
US$328.60
Royal Caribbean Cruises
7D
-2.3%
1Y
88.8%

New Cruise Ships And Private Destinations Will Expand Markets

Analysts have raised Royal Caribbean Cruises' price target to $355.87, citing strong forward demand, robust pricing power, industry-leading margins, and accretive land-based initiatives, while recent share gains leave some caution on tactical positioning. Analyst Commentary Bullish analysts cite strong forward demand and robust pricing power driving significant upward EPS revisions for Royal Caribbean through 2027/2028.
CCL
US$30.52
Carnival Corporation &
7D
-3.1%
1Y
60.6%

Fleet Modernization And Private Destinations Will Expand Global Reach

Carnival Corporation’s consensus price target has increased to $34.27 as analysts cite robust consumer demand, strong booking trends, and ongoing margin expansion from fleet modernization and strategic initiatives, reflecting raised growth forecasts and a favorable risk/reward profile. Analyst Commentary Bullish analysts cite consistently strong consumer demand and solid booking trends, supported by positive Q2 and Q3 earnings surprises and raised forward guidance.
WYNN
US$129.52
Wynn Resorts
7D
6.6%
1Y
62.5%

Luxury Resorts Will Capture Asian And Middle East Demand

Wynn Resorts’ analyst price target was raised modestly on improved Macau EBITDA estimates, optimism for its UAE expansion and resilient Las Vegas operations, with additional support from a substantial buyback program, lifting the target from $128.09 to $129.85. Analyst Commentary Bullish analysts are raising price targets due to improved EBITDA estimates, driven by healthier-than-expected trends in the Macau gaming market.
MAR
US$268.52
Marriott International
7D
0.8%
1Y
9.9%

APAC And EMEA Expansion Will Shape Future Hospitality Trends

Marriott International's consensus analyst price target saw a slight increase to $285.29, as future P/E and discount rate metrics remained largely stable, supporting a minor upward valuation revision. What's in the News Marriott and Noble Investment Group continue rapid expansion of the StudioRes extended-stay brand, marking their 10th joint groundbreaking and maintaining a pipeline of over 50 projects, with about half under construction.
DASH
US$265.29
DoorDash
7D
2.8%
1Y
89.9%
YUM
US$145.66
Yum! Brands
7D
-2.6%
1Y
12.3%
CMG
US$39.32
Chipotle Mexican Grill
7D
1.8%
1Y
-31.3%
DPZ
US$428.71
Domino's Pizza
7D
-5.2%
1Y
3.4%
FLUT
US$284.50
Flutter Entertainment
7D
1.2%
1Y
22.7%
ABNB
US$127.04
Airbnb
7D
3.7%
1Y
-3.2%

Remote Work And Global Expansion Will Unlock New Markets In Brazil And Japan

Despite continued strength in global travel demand and macroeconomic tailwinds supporting Airbnb’s core lodging business, lingering caution around non-core revenues and a muted U.S. travel rebound have led analysts to trim their consensus price target slightly from $139.83 to $138.12. Analyst Commentary Stabilizing and resilient global travel demand, with particular growth in Asia Pacific and Latin America, is supporting consensus upgrades to sales growth expectations through 2025.
EAT
US$136.35
Brinker International
7D
-11.3%
1Y
77.9%
MCD
US$302.38
McDonald's
7D
-1.0%
1Y
1.9%

International Expansion And Digital Commerce Will Shape Future Success

Analysts remain divided on the benefits and risks of McDonald's value initiatives amid a challenging competitive landscape and cautious U.S. consumer outlook, with the consensus price target unchanged at $334.85. Analyst Commentary Bullish analysts highlight McDonald's scale, marketing power, and digital leadership as key advantages in navigating consumer uncertainty and driving share gains, especially through new products and targeted promotions.
TCOM
US$78.52
Trip.com Group
7D
6.3%
1Y
61.4%

Promoting Inbound Travel And Rural Revitalization In China Will Support Sustainable Long-Term Growth

The consensus Analyst Price Target for Trip.com Group has risen to $79.15, primarily reflecting a sharp decline in the company’s future P/E ratio, while revenue growth expectations remain stable. What's in the News Completed repurchase of 7,000,000 shares (1.06%) for $400 million under the buyback announced in February 2025.
SBUX
US$84.56
Starbucks
7D
3.2%
1Y
-12.0%
HLT
US$268.61
Hilton Worldwide Holdings
7D
-2.2%
1Y
19.6%