Hotel giant Marriott International beat estimates for its fourth-quarter earnings but disappointed on first-quarter guidance. Wyndham Hotels reported strong results, while Hyatt announced a deal to buy Playa Resorts for $2.6 billion. Shares of hotel companies are near buying points, driven by renewed technical strength.
The stock market saw gains in the S&P 500 and Nasdaq before closing near session highs on Thursday, awaiting the Labor Department’s jobs report. Other notable news includes Hyatt Hotels’ improved relative price performance and its potential to hit a key technical benchmark.
Source: https://www.investors.com/news/hyatt-hotels-playa-acquisition-marriott-earnings-wyndham-q4-2024-buy-point