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U.S. Hospitality Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies164
  • 7D-0.4%
  • 3M-3.9%
  • 1Y-4.4%
  • YTD-12.1%

Over the last 7 days, the Hospitality industry has remained flat, although notably Booking Holdings gained 3.9%. As for the longer term, the industry has declined 4.4% in the last 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
Tue, 26 May 2026US$738.5bUS$354.9bUS$27.4b19.8x27x2.1x
Thu, 23 Apr 2026US$795.2bUS$350.3bUS$25.5b23.2x31.2x2.3x
Sat, 21 Mar 2026US$746.7bUS$349.7bUS$25.4b21x29.4x2.1x
Mon, 16 Feb 2026US$767.9bUS$344.9bUS$26.3b21.4x29.2x2.2x
Wed, 14 Jan 2026US$865.5bUS$340.7bUS$25.7b21.6x33.7x2.5x
Fri, 12 Dec 2025US$818.8bUS$339.7bUS$25.6b24.8x31.9x2.4x
Sun, 09 Nov 2025US$762.5bUS$334.0bUS$24.8b21.2x30.8x2.3x
Tue, 07 Oct 2025US$837.3bUS$329.3bUS$24.5b24.9x34.2x2.5x
Thu, 04 Sep 2025US$867.8bUS$328.5bUS$24.3b24x35.7x2.6x
Sat, 02 Aug 2025US$858.3bUS$325.5bUS$25.0b21.9x34.4x2.6x
Mon, 30 Jun 2025US$849.2bUS$325.5bUS$24.9b23.5x34.1x2.6x
Wed, 28 May 2025US$785.0bUS$324.9bUS$24.6b22.5x31.9x2.4x
Fri, 25 Apr 2025US$730.5bUS$318.1bUS$24.1b22.3x30.3x2.3x
Sun, 23 Mar 2025US$772.4bUS$318.2bUS$24.0b24x32.2x2.4x
Tue, 18 Feb 2025US$876.1bUS$308.4bUS$21.6b25.6x40.6x2.8x
Thu, 16 Jan 2025US$775.8bUS$303.5bUS$20.1b22.7x38.6x2.6x
Sat, 14 Dec 2024US$836.8bUS$303.8bUS$19.7b23.7x42.4x2.8x
Mon, 11 Nov 2024US$801.2bUS$305.4bUS$19.7b23.5x40.7x2.6x
Wed, 09 Oct 2024US$745.9bUS$302.4bUS$20.4b23.7x36.7x2.5x
Fri, 06 Sep 2024US$664.9bUS$301.2bUS$19.7b19.8x33.7x2.2x
Sun, 04 Aug 2024US$631.5bUS$295.3bUS$19.9b18.6x31.8x2.1x
Tue, 02 Jul 2024US$697.3bUS$296.5bUS$19.8b19.7x35.2x2.4x
Thu, 30 May 2024US$653.1bUS$283.2bUS$20.7b18.2x31.6x2.3x
Sat, 27 Apr 2024US$682.1bUS$281.0bUS$20.8b20.4x32.8x2.4x
Mon, 25 Mar 2024US$692.4bUS$277.7bUS$19.7b20.2x35.1x2.5x
Wed, 21 Feb 2024US$640.6bUS$272.0bUS$19.4b19.8x33x2.4x
Fri, 19 Jan 2024US$617.0bUS$269.0bUS$18.0b19.5x34.3x2.3x
Sun, 17 Dec 2023US$621.4bUS$267.5bUS$16.5b20.4x37.7x2.3x
Tue, 14 Nov 2023US$564.1bUS$264.9bUS$15.4b21x36.7x2.1x
Thu, 12 Oct 2023US$556.3bUS$258.0bUS$10.3b19.8x54.2x2.2x
Sat, 09 Sep 2023US$595.1bUS$255.2bUS$8.2b18.4x72.2x2.3x
Mon, 07 Aug 2023US$616.1bUS$252.4bUS$7.3b21.6x84.2x2.4x
Wed, 05 Jul 2023US$612.5bUS$244.8bUS$5.2b20.4x118.4x2.5x
Fri, 02 Jun 2023US$560.3bUS$240.9bUS$3.2b19.7x177.4x2.3x
Price to Earnings Ratio

177.4x


Total Market Cap: US$560.3bTotal Earnings: US$3.2bTotal Revenue: US$240.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hospitality Industry Price to Earnings3Y Average 43.2x202420252026
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 27.0x which is lower than its 3-year average PE of 43.2x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Hospitality industry have grown 105% 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 Market1.21%
Consumer Discretionary2.13%
Hospitality-0.35%
Hotels, Resorts and Cruise Lines-0.15%
Restaurants-0.49%
Casinos and Gaming-0.58%
Leisure Facilities-0.68%
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 24.6%, 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 90.2x.
Forecasted Growth
  • Analysts are most optimistic on the Casinos and Gaming industry, expecting annual earnings growth of 25% 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
BKNG Booking HoldingsUS$161.064.2%
+US$5.1b		-26.1%PE20.3x
CCL CarnivalUS$25.988.7%
+US$2.9b		10.1%PE11.6x
MAR Marriott InternationalUS$369.152.9%
+US$2.8b		38.7%PE37.7x
DASH DoorDashUS$160.253.6%
+US$2.4b		-21.8%PE75.4x
HLT Hilton Worldwide HoldingsUS$321.081.8%
+US$1.3b		26.9%PE47.4x

Latest News

MAR
US$369.15
Marriott International
7D
2.9%
1Y
38.7%
DASH
US$160.25
DoorDash
7D
3.6%
1Y
-21.8%
HTHT
US$44.79
H World Group
7D
-2.6%
1Y
24.9%
LVS
US$49.43
Las Vegas Sands
7D
-1.0%
1Y
18.7%
Narrative Update • May 24

LVS: Capital Returns And Near Term Catalyst Watch Will Drive Future Upside

Analysts have inched up the average price target on Las Vegas Sands by a few dollars, with recent $1 to $2 upward revisions outweighing a single $3 trim, as they factor in slightly adjusted growth, margin, and P/E assumptions. Analyst Commentary Recent Street research has featured a cluster of modest upward price target revisions on Las Vegas Sands, paired with one downward move and a downgrade.
BKNG
US$161.06
Booking Holdings
7D
4.2%
1Y
-26.1%
Seeking Alpha • May 24

No Doubt Risks Are Higher, But Booking Holdings Rarely Trades As Cheaply

Summary Booking Holdings reported Q1 results reflecting visible headwinds from Iran tensions and lowered its full-year outlook. The decline in share prices over the past month has left Booking's valuation multiples severely reduced from historical levels, de-risking investors' entry point. Gross bookings continue to grow at a mid-teens clip, albeit buoyed by a weaker dollar substantially boosting as-reported growth rates. I believe the current macro represents a temporary setback for Booking, and it will re-rate higher when travel demand snaps back. Read the full article on Seeking Alpha
DKNG
US$25.12
DraftKings
7D
-1.6%
1Y
-29.3%
TCOM
US$46.37
Trip.com Group
7D
-5.3%
1Y
-24.9%
MCD
US$282.27
McDonald's
7D
0.5%
1Y
-10.4%
RCL
US$256.10
Royal Caribbean Cruises
7D
3.6%
1Y
0.2%
YUMC
US$44.56
Yum China Holdings
7D
-1.7%
1Y
3.1%
ATAT
US$33.84
Atour Lifestyle Holdings
7D
-7.1%
1Y
9.1%
CCL
US$25.98
Carnival
7D
8.7%
1Y
10.1%
SBUX
US$103.11
Starbucks
7D
-3.1%
1Y
18.5%
HLT
US$321.08
Hilton Worldwide Holdings
7D
1.8%
1Y
26.9%
Narrative Update • May 17

HLT: Unit Expansion And AI Adoption Will Shape Balanced 2026 Risk Reward Profile

Hilton Worldwide Holdings' updated analyst fair value has shifted modestly higher to about $347 per share, up from roughly $341. This reflects a series of recent price target adjustments around $320 to $360 as analysts factor in revised unit growth expectations, slightly refined discount rates, and modest tweaks to revenue growth, profit margin, and future P/E assumptions.
CMG
US$32.89
Chipotle Mexican Grill
7D
-0.5%
1Y
-35.5%
Narrative Update • May 15

CMG: 2026 Menu And Unit Expansion Plans Will Support Higher P E Multiple

Chipotle Mexican Grill's analyst price target has been adjusted slightly lower to reflect an updated fair value of about $43.40. Analysts cite modest tweaks to discount rate assumptions, slightly softer revenue growth expectations, a small improvement in profit margin, and a lower future P/E multiple, informed by a mix of recent target cuts and upgrades across the Street.
DRI
US$203.51
Darden Restaurants
7D
5.0%
1Y
-4.9%