Lodging

Title Tickers Date Pages
WH: Wyndham - Downward 4Q EBITDA Revisions Largely Reversed If Account for Marketing Overspend Same Way Peers Do; Reiterating Buy Rating WH 2020-10-29 5
GRUB: Grubhub Inc - Very Strong 3Q Topline Performance – Expect Staying Power w/ Rising Case Counts and Dine-in Restrictions Mounting GRUB 2020-10-28 4
WH: Wyndham - RevPAR Light but EBITDA Strong; Focus Now Shifting to October Trends and Metrics Needed for Incremental Shareholder Return WH 2020-10-28 4
HLT: Hilton - Looking for RevPAR Upside w/ 3Q Print & Trends Improving into Oct – Both Needed to Support the Shares at ATH of ~16x ‘22 EBITDA HLT 2020-10-27 6
CHH: Choice Hotels - Looking for 3Q RevPAR Upside & Improving QTD Trends – Both Needed w/ the Shares Trading at Pre-COVID Valuation Levels CHH 2020-10-26 5
Airbnb IPO Prep - Home Rental KPIs - Home Rental KPIs Suggest a Favorable Backdrop for Airbnb's Upcoming IPO 2020-10-26 12
IHG 3Q20 Conference Call Sector Readthroughs - Very Few Positive Readthroughs with IHG Management Forecasting a Muted Industry Recovery in Coming Months 2020-10-23 5
Accor SA 3Q20 Conference Call Sector Readthroughs - China Recovery Momentum Encouraging; Very Few Positive Readthroughs For Other Markets 2020-10-22 4
Airbnb, Inc. - ICYMI - A Few Nuggets on Airbnb's 2021 Expectations 2020-10-22 2
H: Hyatt - Upgrading to Hold; See Balanced Risk/Reward as NT Headwinds are Offset by Best in Class Unit Growth, Solid Liquidity H 2020-10-22 9
WH: Wyndham - Looking for 3Q RevPAR Upside and QTD Trends Holding Flat Relative to September; Strong Liquidity Position Could = Dividend Raise WH 2020-10-19 6
Unique Travel Data - Deep Dive   - Continue to Favor Leisure-focused, Drive-to Lodging Names 2020-10-15 23
Forward Looking Booking Data Suggests Stay Defensive - WH and CHH Best Positioned for Decelerating Hotel Searches and Bookings in Coming Months 2020-09-30 10
Airbnb, Inc. - Planning on Covering Airbnb When it Goes Public? Be Sure to Check in With Your Host, GHRA 2020-09-29 40
WH: Wyndham - Checking in with Wyndham's New & Improved Mobile App WH 2020-09-25 7
Fall and Winter Hotel Demand Drivers Outlook - Our Thoughts on Demand Tailwinds and Headwinds Heading into the Fall & Winter Months 2020-09-03 46
Three-Part Series: Fall & Winter Hotel Demand Drivers Outlook - Part Three: A Closer Look at Potential Demand Tailwind/Headwind Wild Cards Over the Next 6 Months 2020-09-02 14
Airbnb - ICYMI - A Few Nuggets from Recent Airbnb News Releases: Rural Stays in Vogue this Labor Day Weekend 2020-09-02 5
Fall & Winter Hotel Demand Drivers Outlook - Three-Part Series - Part Two: A Closer Look at Potential Demand Headwinds Over the Next 6 Months 2020-09-01 27
Fall & Winter Hotel Demand Drivers Outlook - Three-Part Series - Part One: A Closer Look at Potential Demand Tailwinds Over the Next 6 Months 2020-08-31 13

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