Hyatt Hotels (H) and Marriott International (MAR) are tracking ahead of peers for Q2 revenue per available room, BofA Securities said Monday in a report.
The metric for Hyatt is up 2%, and the measure climbed 1.4% for Mariott, the report said. Hilton Worldwide (HLT) is headed for a 0.1% gain, BofA said.
Revenue per available room in the US in Q2 is down 0.5% from a year earlier with the three hotel operators gaining 70 basis points above consensus expectations, the report said.
In H2, growth in revenue per available room of 1% is expected for the three companies, BofA said.
BofA increased its price target on Hilton stock to $285 from $275.
Hilton's Q2 results are expected Wednesday with Marriott's on Aug. 5 and Hyatt's on Aug. 7,
Price: 148.51, Change: +0.64, Percent Change: +0.44
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