undamentalytics Newsletter

Hotels, Resorts & Cruise Lines stocks

25 US-listed companies in hotels, resorts & cruise lines, with $193.9bn of combined revenue in their latest fiscal years. Booking Holdings is the largest ($26.9bn). The fastest grower with at least $100m of revenue in both years is Atour Lifestyle Holdings Ltd, up 35.2%. The median company grew 6.4% with a net margin of 10.2%.

Companies25
Combined revenue$193.9bn
Median revenue growth6.4%
Median net margin10.2%
Median return on equity21.1%
#CompanyRevenueGrowthNet marginROEFiscal year
1 Booking HoldingsBKNG $26.9bn 13.4% 20.1% — 2025
2 Carnival CorporationCCL $26.6bn 6.4% 10.4% 25.6% 2025
3 Marriott InternationalMAR $26.2bn 4.3% 9.9% — 2025
4 Royal Caribbean GroupRCL $17.9bn 8.8% 23.8% 48.5% 2025
5 Expedia GroupEXPE $14.7bn 7.6% 8.8% 91.1% 2025
6 AirbnbABNB $12.2bn 10.3% 20.5% 30.2% 2025
7 Hilton WorldwideHLT $12.0bn 7.7% 12.1% — 2025
8 Norwegian Cruise Line HoldingsNCLH $9.8bn 3.7% 4.3% 23.3% 2025
9 Trip.com Group LtdTCOM $8.7bn 17.2% 53.3% 21.1% 2025
10 Hyatt Hotels CorpH $7.1bn 6.8% −0.7% −1.5% 2025
11 Viking Holdings LtdVIK $6.5bn 21.9% 17.7% — 2025
12 Hilton Grand Vacations Inc.HGV $5.0bn 1.3% 1.6% 5.3% 2025
13 Marriott Vacations Worldwide CorpVAC $5.0bn 1.3% −6.1% −13.9% 2025
14 Travel & Leisure Co.TNL $4.0bn 4.1% 5.7% — 2025
15 H World Group LtdHTHT $3.5bn 6.1% 20.1% 40.4% 2025
16 Choice Hotels International IncCHH $1.6bn 0.8% 23.2% — 2025
17 Wyndham Hotels & Resorts, Inc.WH $1.4bn 1.5% 13.5% 34.5% 2025
18 Atour Lifestyle Holdings LtdATAT $1.4bn 35.2% 16.6% 49.1% 2025
19 Makemytrip LtdMMYT $1.0bn 6.7% 5.0% 9.1% 2026
20 Lindblad Expeditions Holdings, Inc.LIND $771m 19.6% −3.9% — 2025
21 Civeo CorpCVEO $639m −6.3% −3.1% −9.8% 2025
22 Target Hospitality Corp.TH $321m −17.0% −11.6% −9.2% 2025
23 Greentree Hospitality Group Ltd.GHG $153m −18.2% 15.2% 10.9% 2025
24 Yatra Online, Inc.YTRA $114m 21.2% −2.3% −4.3% 2026
25 Tuniu CorpTOUR $80m 12.7% 5.4% 2.9% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other consumer discretionary industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.