March, 18, 2021.
By Jorge Zárate
Stock Analysis : Marriott, Hilton, Hyatt and IHG.
Exactly a year ago was that official announcements unveiling we were amid a Covid19 pandemic and stock markets were heavily hit. In the hotel industry specifically, the largest brands reached their minimum returns since 2015. Marriott -15%, Hilton -12%, Hyatt -19% , and IHG -20%.
But fortunately for the top hotel chains and their strong position to tackle COVID-19, the stock market recovery was pretty fast considering the magnitude of an unprecedented event moving back to levels of Hilton’s 14% to Marriott’s 20% positive return range, from ending March to beginning April last year.
Now, the behavior of their stocks today 2021-3-18 looks normal for the four chains observed, although it shows a slight decline for every chain.
In the following plot, we can see there is a strong returns correlation between each other.
Stock price comparison for 6 years up to now.
Source : Yahoo Finance
Jorge Zárate 