12 Best Hotel Stocks To Buy According to Analysts

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1. Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Analyst Upside Potential: 68.19%

Number of Hedge Fund Holders: 25

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) develops and operates resort facilities, hotels, and casinos in the Philippines and Macau. The company’s three Macau casinos include City of Dreams, Studio City, and Altira Macau.

It reported group-wide adjusted property EBITDA of around $323 million for fiscal Q3 2024, reflecting a 7% increase compared to fiscal Q2. Its total operating revenues also grew around 16% to $1.18 billion in fiscal Q3 2024. The increase in total operating revenues was attributed to the company’s improved performance in all non-gaming operations and gaming segments, supported by a continual recovery in inbound tourism to Macau during the quarter.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) has launched various initiatives to activate areas throughout its properties, such as a revamped loyalty program, a new Signature Club premium slot area at City of Dreams, and a highly themed slot area called the Dragon Zone at Studio City, developed in partnership with Aristocrat Gaming. Melco Resorts & Entertainment Limited (NASDAQ:MLCO) has plans to continue unveiling exciting projects to support the ongoing growth in Macau.

Overall, MLCO ranks first among the 12 best hotel stocks to buy according to analysts. While we acknowledge the potential of hotel stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MLCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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