13 Best Vacation Stocks to Buy Now

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5) Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

Number of Hedge Fund Holders: 33

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) owns, develops, and operates resorts. It also provides lodging, dining, entertainment, and other hospitality services.

Wall Street believes that the company’s growth is likely to come from Yucatan and Dominican Republic

(DR) segments, with healthy occupancy and average daily rate (ADR) growth. For 3Q 2024, Playa Hotels & Resorts N.V. (NASDAQ:PLYA) expects positive RevPAR growth in its Yucatan and DR segments. Its renovation plans for 2025 continue to focus on enhancing guest experience and attracting higher-paying business.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) is also focused on managing costs as it has repriced its term loan, leading to more than $15 million in annual savings.

Market experts believe that the upcoming renovations should help the company enhance value and experience at the resorts, which will potentially help Playa Hotels & Resorts N.V. (NASDAQ:PLYA) in increasing its market share. The renovation plans for Zilara Cancun resort focus on complete reinvention, and expectations of increasing the room count and adding higher category room types.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA)’s strategic investments in renovations and capital projects are focused on attracting more profitable business segments. As per Wall Street, the shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) have an average price objective of $10.25. By the end of the second quarter, 33 hedge funds held stakes in Playa Hotels & Resorts N.V. (NASDAQ:PLYA), according to Insider Monkey’s database.

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