Why Hilton Grand Vacations (HGV) Stock Is Trading Lower Today

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at travel and vacation providers stocks, starting with American Airlines .

Airlines, 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 airlines, hotel, resorts, and cruise line companies must innovate to stay relevant in a market rife with innovation.

The 17 travel and vacation providers stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.1% while next quarter’s revenue guidance was in line.

Thankfully, share prices of the companies have been resilient as they are up 5% on average since the latest earnings results.

American Airlines

One of the ‘Big Four’ airlines in the US, American Airlines is a major global air carrier that serves both business and leisure travelers through its domestic and international flights.

American Airlines reported revenues of $13.69 billion, flat year on year. This print was in line with analysts’ expectations, and overall, it was a very strong quarter for the company with EPS guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

“The American Airlines team is delivering on our commitments,” said American’s CEO Robert Isom.

Interestingly, the stock is up 26.4% since reporting and currently trades at $15.28.

Best Q3: Lindblad Expeditions

Founded by explorer Sven-Olof Lindblad in 1979, Lindblad Expeditions offers cruising experiences to remote destinations in partnership with National Geographic.

Lindblad Expeditions reported revenues of $240.2 million, up 16.6% year on year, outperforming analysts’ expectations by 4.6%. The business had a very strong quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Lindblad Expeditions pulled off the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 18.2% since reporting. It currently trades at $14.42.

Weakest Q3: Hilton Grand Vacations

Spun off from Hilton Worldwide in 2017, Hilton Grand Vacations is a global timeshare company that provides travel experiences for its customers through its timeshare resorts and club membership programs.

Hilton Grand Vacations reported revenues of $1.3 billion, flat year on year, falling short of analysts’ expectations by 5%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Hilton Grand Vacations delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 1.3% since the results and currently trades at $44.75.

Read our full analysis of Hilton Grand Vacations’s results here.

Sabre

Originally a division of American Airlines, Sabre is a technology provider for the global travel and tourism industry.

Sabre reported revenues of $715.2 million, up 3.5% year on year. This number beat analysts’ expectations by 1.2%. However, it was a slower quarter as it recorded a miss of analysts’ central reservation system transactions estimates and a significant miss of analysts’ EPS estimates.

The stock is down 30.5% since reporting and currently trades at $1.39.

Read our full, actionable report on Sabre here, it’s free for active Edge members.

Travel + Leisure

Formerly known as Wyndham Destinations, Travel + Leisure is a global vacation company that provides travelers with vacation ownership, exchange, and travel services.

Travel + Leisure reported revenues of $1.04 billion, up 5.1% year on year. This print surpassed analysts’ expectations by 1%. Taking a step back, it was a satisfactory quarter as it also logged a decent beat of analysts’ adjusted operating income estimates but a miss of analysts’ tours conducted estimates.

The stock is up 16.3% since reporting and currently trades at $70.53.

Read our full, actionable report on Travel + Leisure here, it’s free for active Edge members.

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at travel and vacation providers stocks, starting with Wyndham .

Airlines, 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 airlines, hotel, resorts, and cruise line companies must innovate to stay relevant in a market rife with innovation.

The 17 travel and vacation providers stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.1% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 4.9% on average since the latest earnings results.

Wyndham

Established in 1981, Wyndham is a global hotel franchising company with over 9,000 hotels across nearly 95 countries on six continents.

Wyndham reported revenues of $382 million, down 3.5% year on year. This print fell short of analysts’ expectations by 4.8%. Overall, it was a slower quarter for the company with a significant miss of analysts’ revenue estimates and full-year EBITDA guidance missing analysts’ expectations.

Wyndham delivered the slowest revenue growth of the whole group. Unsurprisingly, the stock is down 6% since reporting and currently trades at $75.55.

Read our full report on Wyndham here, it’s free for active Edge members.

Best Q3: Lindblad Expeditions

Founded by explorer Sven-Olof Lindblad in 1979, Lindblad Expeditions offers cruising experiences to remote destinations in partnership with National Geographic.

Lindblad Expeditions reported revenues of $240.2 million, up 16.6% year on year, outperforming analysts’ expectations by 4.6%. The business had a very strong quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Lindblad Expeditions achieved the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 18.2% since reporting. It currently trades at $14.43.

Weakest Q3: Hilton Grand Vacations

Spun off from Hilton Worldwide in 2017, Hilton Grand Vacations is a global timeshare company that provides travel experiences for its customers through its timeshare resorts and club membership programs.

Hilton Grand Vacations reported revenues of $1.3 billion, flat year on year, falling short of analysts’ expectations by 5%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Hilton Grand Vacations delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 1.4% since the results and currently trades at $44.77.

Read our full analysis of Hilton Grand Vacations’s results here.

Choice Hotels

With almost 100% of its properties under franchise agreements, Choice Hotels is a hotel franchisor known for its diverse brand portfolio including Comfort Inn, Quality Inn, and Clarion.

Choice Hotels reported revenues of $447.3 million, up 4.5% year on year. This print beat analysts’ expectations by 7.6%. More broadly, it was a satisfactory quarter as it also recorded a solid beat of analysts’ revenue estimates but a significant miss of analysts’ EPS estimates.

The stock is up 4.1% since reporting and currently trades at $95.27.

Read our full, actionable report on Choice Hotels here, it’s free for active Edge members.

Norwegian Cruise Line

With amenities like a full go-kart race track built into its ships, Norwegian Cruise Line is a premier global cruise company.

Norwegian Cruise Line reported revenues of $2.94 billion, up 4.7% year on year. This result missed analysts’ expectations by 2.7%. It was a slower quarter as it also produced a miss of analysts’ revenue estimates and EBITDA guidance for next quarter missing analysts’ expectations.

The stock is flat since reporting and currently trades at $22.31.

Read our full, actionable report on Norwegian Cruise Line here, it’s free for active Edge members.

Let’s dig into the relative performance of Choice Hotels and its peers as we unravel the now-completed Q3 travel and vacation providers earnings season.

Airlines, 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 airlines, hotel, resorts, and cruise line companies must innovate to stay relevant in a market rife with innovation.

The 17 travel and vacation providers stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.1% while next quarter’s revenue guidance was in line.

Thankfully, share prices of the companies have been resilient as they are up 5.9% on average since the latest earnings results.

Choice Hotels

With almost 100% of its properties under franchise agreements, Choice Hotels is a hotel franchisor known for its diverse brand portfolio including Comfort Inn, Quality Inn, and Clarion.

Choice Hotels reported revenues of $447.3 million, up 4.5% year on year. This print exceeded analysts’ expectations by 7.6%. Overall, it was a satisfactory quarter for the company with an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ EPS estimates.

"Choice Hotels International delivered another quarter of record profitability, underscoring the strength of our portfolio's continued shift toward higher-value brand segments and multiple growth avenues beyond U.S. RevPAR," said Patrick Pacious, President and Chief Executive Officer.

Interestingly, the stock is up 5.2% since reporting and currently trades at $96.29.

Best Q3: Lindblad Expeditions

Founded by explorer Sven-Olof Lindblad in 1979, Lindblad Expeditions offers cruising experiences to remote destinations in partnership with National Geographic.

Lindblad Expeditions reported revenues of $240.2 million, up 16.6% year on year, outperforming analysts’ expectations by 4.6%. The business had a very strong quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Lindblad Expeditions pulled off the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 18.2% since reporting. It currently trades at $14.43.

Weakest Q3: Hilton Grand Vacations

Spun off from Hilton Worldwide in 2017, Hilton Grand Vacations is a global timeshare company that provides travel experiences for its customers through its timeshare resorts and club membership programs.

Hilton Grand Vacations reported revenues of $1.3 billion, flat year on year, falling short of analysts’ expectations by 5%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Hilton Grand Vacations delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 2.4% since the results and currently trades at $45.24.

Read our full analysis of Hilton Grand Vacations’s results here.

Marriott Vacations

Spun off from Marriott International in 1984, Marriott Vacations is a vacation company providing leisure experiences for travelers around the world.

Marriott Vacations reported revenues of $1.26 billion, down 3.2% year on year. This number missed analysts’ expectations by 4.5%. Overall, it was a softer quarter as it also logged a miss of analysts’ conducted tours estimates and a significant miss of analysts’ revenue estimates.

The stock is down 13.3% since reporting and currently trades at $58.32.

Read our full, actionable report on Marriott Vacations here, it’s free for active Edge members.

Hilton

Founded in 1919, Hilton Worldwide is a global hospitality company with a portfolio of hotel brands.

Hilton reported revenues of $3.12 billion, up 8.8% year on year. This result surpassed analysts’ expectations by 3.7%. Zooming out, it was a satisfactory quarter as it also recorded a solid beat of analysts’ revenue estimates but EBITDA guidance for next quarter meeting analysts’ expectations.

The stock is up 9.4% since reporting and currently trades at $290.84.

Read our full, actionable report on Hilton here, it’s free for active Edge members.

Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Travel + Leisure and its peers.

Airlines, 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 airlines, hotel, resorts, and cruise line companies must innovate to stay relevant in a market rife with innovation.

The 17 travel and vacation providers stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.2% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 4.8% on average since the latest earnings results.

Travel + Leisure

Formerly known as Wyndham Destinations, Travel + Leisure is a global vacation company that provides travelers with vacation ownership, exchange, and travel services.

Travel + Leisure reported revenues of $1.04 billion, up 5.1% year on year. This print exceeded analysts’ expectations by 1%. Overall, it was a satisfactory quarter for the company with a decent beat of analysts’ adjusted operating income estimates but a miss of analysts’ tours conducted estimates.

Interestingly, the stock is up 16.1% since reporting and currently trades at $70.44.

Best Q3: Lindblad Expeditions

Founded by explorer Sven-Olof Lindblad in 1979, Lindblad Expeditions offers cruising experiences to remote destinations in partnership with National Geographic.

Lindblad Expeditions reported revenues of $240.2 million, up 16.6% year on year, outperforming analysts’ expectations by 4.6%. The business had a very strong quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Lindblad Expeditions scored the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 15.9% since reporting. It currently trades at $14.14.

Weakest Q3: Hilton Grand Vacations

Spun off from Hilton Worldwide in 2017, Hilton Grand Vacations is a global timeshare company that provides travel experiences for its customers through its timeshare resorts and club membership programs.

Hilton Grand Vacations reported revenues of $1.3 billion, flat year on year, falling short of analysts’ expectations by 5%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Hilton Grand Vacations delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 1.3% since the results and currently trades at $44.75.

Read our full analysis of Hilton Grand Vacations’s results here.

Norwegian Cruise Line

With amenities like a full go-kart race track built into its ships, Norwegian Cruise Line is a premier global cruise company.

Norwegian Cruise Line reported revenues of $2.94 billion, up 4.7% year on year. This result came in 2.7% below analysts' expectations. It was a slower quarter as it also logged a miss of analysts’ revenue estimates and EBITDA guidance for next quarter missing analysts’ expectations.

The stock is down 2.7% since reporting and currently trades at $21.59.

Read our full, actionable report on Norwegian Cruise Line here, it’s free for active Edge members.

Sabre

Originally a division of American Airlines, Sabre is a technology provider for the global travel and tourism industry.

Sabre reported revenues of $715.2 million, up 3.5% year on year. This number topped analysts’ expectations by 1.2%. Aside from that, it was a slower quarter as it logged a miss of analysts’ central reservation system transactions estimates and a significant miss of analysts’ EPS estimates.

The stock is down 24.8% since reporting and currently trades at $1.51.

Read our full, actionable report on Sabre here, it’s free for active Edge members.

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Royal Caribbean and the rest of the travel and vacation providers stocks fared in Q3.

Airlines, 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 airlines, hotel, resorts, and cruise line companies must innovate to stay relevant in a market rife with innovation.

The 17 travel and vacation providers stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.2% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 4.7% on average since the latest earnings results.

Royal Caribbean

Established in 1968, Royal Caribbean Cruises is a global cruise vacation company renowned for its innovative and exciting cruise experiences.

Royal Caribbean reported revenues of $5.14 billion, up 5.2% year on year. This print fell short of analysts’ expectations by 0.5%. Overall, it was a mixed quarter for the company with a decent beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations.

"We continue to see strong momentum across our business, powered by accelerated demand, growing loyalty, and guest satisfaction that is at all-time highs. Our commercial flywheel - combining innovative ships, distinctive destinations, and world-class brands - continues to drive sustained growth and guests' trust in our ability to deliver the best vacation experiences responsibly," said Royal Caribbean Group President and CEO Jason Liberty.

The stock is down 10.3% since reporting and currently trades at $287.31.

Read our full report on Royal Caribbean here, it’s free for active Edge members.

Best Q3: Lindblad Expeditions

Founded by explorer Sven-Olof Lindblad in 1979, Lindblad Expeditions offers cruising experiences to remote destinations in partnership with National Geographic.

Lindblad Expeditions reported revenues of $240.2 million, up 16.6% year on year, outperforming analysts’ expectations by 4.6%. The business had a very strong quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Lindblad Expeditions pulled off the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 18.9% since reporting. It currently trades at $14.50.

Is now the time to buy Lindblad Expeditions? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Hilton Grand Vacations

Spun off from Hilton Worldwide in 2017, Hilton Grand Vacations is a global timeshare company that provides travel experiences for its customers through its timeshare resorts and club membership programs.

Hilton Grand Vacations reported revenues of $1.3 billion, flat year on year, falling short of analysts’ expectations by 5%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Hilton Grand Vacations delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 1.2% since the results and currently trades at $43.63.

Read our full analysis of Hilton Grand Vacations’s results here.

Marriott

Founded by J. Willard Marriott in 1927, Marriott International is a global hospitality company with a portfolio of over 7,000 properties and 30 brands, spanning 130+ countries and territories.

Marriott reported revenues of $6.49 billion, up 3.7% year on year. This print topped analysts’ expectations by 0.9%. More broadly, it was a mixed quarter as it also logged a decent beat of analysts’ adjusted operating income estimates but EBITDA guidance for next quarter slightly missing analysts’ expectations.

The stock is up 17.4% since reporting and currently trades at $309.78.

Read our full, actionable report on Marriott here, it’s free for active Edge members.

Delta

One of the ‘Big Four’ airlines in the US, Delta Air Lines is a major global air carrier that serves both business and leisure travelers through its domestic and international flights.

Delta reported revenues of $16.67 billion, up 6.4% year on year. This result surpassed analysts’ expectations by 3.8%. Overall, it was a strong quarter as it also put up EPS guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

The stock is up 23.9% since reporting and currently trades at $71.12.

Read our full, actionable report on Delta here, it’s free for active Edge members.

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Sabre and the rest of the travel and vacation providers stocks fared in Q3.

Airlines, 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 airlines, hotel, resorts, and cruise line companies must innovate to stay relevant in a market rife with innovation.

The 17 travel and vacation providers stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.2% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 2.8% on average since the latest earnings results.

Sabre

Originally a division of American Airlines, Sabre is a technology provider for the global travel and tourism industry.

Sabre reported revenues of $715.2 million, up 3.5% year on year. This print exceeded analysts’ expectations by 1.2%. Despite the top-line beat, it was still a slower quarter for the company with a miss of analysts’ central reservation system transactions estimates and a significant miss of analysts’ EPS estimates.

Unsurprisingly, the stock is down 21.5% since reporting and currently trades at $1.57.

Read our full report on Sabre here, it’s free for active Edge members.

Best Q3: Lindblad Expeditions

Founded by explorer Sven-Olof Lindblad in 1979, Lindblad Expeditions offers cruising experiences to remote destinations in partnership with National Geographic.

Lindblad Expeditions reported revenues of $240.2 million, up 16.6% year on year, outperforming analysts’ expectations by 4.6%. The business had a very strong quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Lindblad Expeditions scored the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 11.1% since reporting. It currently trades at $13.56.

Is now the time to buy Lindblad Expeditions? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Hilton Grand Vacations

Spun off from Hilton Worldwide in 2017, Hilton Grand Vacations is a global timeshare company that provides travel experiences for its customers through its timeshare resorts and club membership programs.

Hilton Grand Vacations reported revenues of $1.3 billion, flat year on year, falling short of analysts’ expectations by 5%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Hilton Grand Vacations delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 2% since the results and currently trades at $43.26.

Read our full analysis of Hilton Grand Vacations’s results here.

United Airlines

Founded in 1926, United Airlines Holdings operates a global airline network, providing passenger and cargo air transportation services across domestic and international routes.

United Airlines reported revenues of $15.23 billion, up 2.6% year on year. This print was in line with analysts’ expectations. It was a strong quarter as it also recorded EPS guidance for next quarter exceeding analysts’ expectations and a decent beat of analysts’ adjusted operating income estimates.

The stock is up 2.7% since reporting and currently trades at $108.32.

Read our full, actionable report on United Airlines here, it’s free for active Edge members.

Wyndham

Established in 1981, Wyndham is a global hotel franchising company with over 9,000 hotels across nearly 95 countries on six continents.

Wyndham reported revenues of $382 million, down 3.5% year on year. This number missed analysts’ expectations by 4.8%. Overall, it was a slower quarter as it also logged a significant miss of analysts’ revenue estimates and full-year EBITDA guidance missing analysts’ expectations.

Wyndham had the slowest revenue growth among its peers. The stock is down 5.8% since reporting and currently trades at $75.69.

Read our full, actionable report on Wyndham here, it’s free for active Edge members.