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Stock impact report

Reflecting On Hotels, Resorts and Cruise Lines Stocks' Q1 Earnings: Target Hospitality (NASDAQ:TH) [Yahoo! Finance]

Target Hospitality Corp. (TH) 
Last target hospitality corp. earnings: 3/11 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Hotels, resorts, and cruise line companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted from buying "things" (wasteful) to buying "experiences" (memorable). In addition, the internet has introduced new ways of approaching leisure and lodging such as booking homes and longer-term accommodations. Traditional hotel, resorts, and cruise line companies must innovate to stay relevant in a market rife with innovation. The 15 hotels, resorts and cruise lines stocks we track reported a mixed Q1; on average, revenues beat analyst consensus estimates by 1.4%. while next quarter's revenue guidance was 0.8% below consensus. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. The start of 2024 has been a different story as mixed signals have led to market volatility, and while some of the hotels, resorts and cruise Show less Read more
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