Welcome to episode 145 of Magic Markets! The hospitality game is all about occupancy and pricing and getting those two things right. Just because we’re talking about the travel and leisure industry this week, doesn’t mean you can just sit back, kick up your feet and watch your investments compound. Join us on a deep dive into Carnival Corporation and Southern Sun.
Carnival Corporation has delivered an astonishing run in the share price this year, as cruises have started to show signs of recovery. But do shareholders still have enough of the economics to justify this, or have the bankers taken the lion's share?
Use the podcast player below to listen to our discussion on Airbnb and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 1 June 2022) Airbnb is about so much more than sharing someone’s apartment in New York. The company was born in the Global Financial Crisis and has survived Covid, confirming the strength of an asset-light platform that manages to become a verb. Airbnb has never made an annual profit, yet it has a market cap of over $76 billion. Travel is in vogue right now in the markets and Airbnb seems better off in inflationary times [...]
Use the podcast player below to listen to our discussion on Hyatt and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 23 February 2022) The hospitality and tourism industry really bore the brunt of Covid-19 and the associated lockdowns implemented across the globe. This was a war fought without guns, as borders were closed and entire economies that rely on tourism were decimated. Leading hotel and tourism groups have been in survival mode. For the most part, they have made it through in one piece. In times like these, markets consolidate and only the strongest make it [...]