
PLYA Stock Forecast & Price Target
PLYA Analyst Ratings
Bulls say
Playa Hotels & Resorts NV has demonstrated a positive outlook through a 12% increase in scheduled netMICE group business for 2024, indicating strong demand and booking trends. The company reported an 11% EBITDA outperformance in the second quarter, largely attributed to robust results from its Dominican Republic and Yucatan operations, where EBITDA grew 10% and 6% year-over-year, respectively. Furthermore, Playa's long-term growth potential is supported by strategic brand partnerships, margin expansion opportunities, and a favorable supply-demand dynamic in its key markets, positioning it well in the premium all-inclusive vacation segment.
Bears say
Playa Hotels & Resorts faces a challenging environment due to the negative impacts of Hurricane Beryl and ongoing renovation disruptions, which have been forecasted to significantly reduce EBITDA, particularly in 2024, to the low end of the $250-275 million range. Additionally, the company is grappling with adverse effects from a travel advisory for Jamaica, leading to diminished summer demand and an estimated total EBITDA impact of $8.5 to $11.5 million across all segments in the third quarter. The broader negative sentiment surrounding lodging and leisure stocks, compounded by various market risks and operational challenges, contributes to a precarious outlook for Playa Hotels & Resorts's share price in the near term.
This aggregate rating is based on analysts' research of Playa Hotels & Resorts and is not a guaranteed prediction by Public.com or investment advice.
PLYA Analyst Forecast & Price Prediction
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