Del Mar Tip Sheet – September 5


DEL MAR TIPS – SUNDAY, SEPTEMBER 05, 2021

Historically our BEST BETS have finished in the money 64% of the time at this track.

 RACE #1    $36,000 MAIDEN CLAIMING
 5 1/2 FURLONGS ON THE DIRT – POST TIME: 4:30 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

5/2

5

Wearenotbadpeople

E A Maldonado

PLACE

7/2

4

Head for Business

K J Desormeaux

SHOW

6-1

9

Warrens Candy Man

J J Hernandez

WILD CARD

6-1

3

Gerlachs

A Cedillo

ALTERNATE 1

5-1

7

Irresistibly Sexy

T J Pereira

ALTERNATE 2

30-1

8

Pick Your Bid

M Gutierrez

* EXACTA: 5-4 BOX, 4-9 BOX, 9-3 BOX

* TRIFECTA: 4/5/9 BOX, 3/4/9 BOX

 RACE #2    $28,000 CLAIMING
 5 1/2 FURLONGS ON THE DIRT – POST TIME: 4:59 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

4-1

4

Civil Suit

J Bravo

PLACE

5/2

5

V Bucks

K Frey

SHOW

3-1

7

Big Andy

F Prat

WILD CARD

8-1

9

Majestic Gigi

T J Pereira

ALTERNATE 1

8-1

1

Elgofranco

M Gutierrez

ALTERNATE 2

15-1

2

Rowangoeshollywood

A Cedillo

* EXACTA: 4-5 BOX, 5-7 BOX, 7-9 BOX

* TRIFECTA: 4/5/7 BOX, 5/7/9 BOX

 RACE #3    $70,000 MAIDEN SPECIAL WEIGHT
 1 MILE ON THE TURF – POST TIME: 5:29 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

5/2

11

French Franc

JJ Hernandez

PLACE

7/2

10

Wicked

U Rispoli

SHOW

15-1

13

Charlotte Harbor

EA Maldnad

WILD CARD

12-1

2

Peanut Butter Cup

K Frey

ALTERNATE 1

3-1

7

Vulin

F Prat

ALTERNATE 2

30-1

14

Soul of a Warrior

J Valdivia Jr

* EXACTA: 11-10 BOX, 10-13 BOX, 13-2 BOX

* TRIFECTA: 10/11/13 BOX, 2/10/13 BOX

 RACE #4    $30,000 CLAIMING
 5 1/2 FURLONGS ON THE DIRT – POST TIME: 6:02 PM ET

BEST BET:  #4 TIL I FOUND YOU

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

7/2

4

Til I Found You

E A Ellingwood

PLACE

3-1

7

Liv and Let Liv

K J Desormeaux

SHOW

15-1

10

Kerralia

J Espinoza

WILD CARD

6-1

9

Jasmine Chieftain

K Frey

ALTERNATE 1

8-1

2

Season to Remember

D Van Dyke

ALTERNATE 2

20-1

1

Bold Mistress

G Franco

* EXACTA: 4-7 BOX, 7-10 BOX, 10-9 BOX

* TRIFECTA: 4/7/10 BOX, 7/9/10 BOX

 RACE #5    $40,000 STARTER ALLOWANCE
 1 MILE ON THE TURF – POST TIME: 6:35 PM ET

BEST BET:  #11 BRISTOL BAYOU

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

12-1

11

Bristol Bayou

KJ Dsormax

PLACE

6-1

8

Dramatizer

U Rispoli

SHOW

9/2

4

Trouville

F Prat

WILD CARD

12-1

1

Buy Wave Buy

J Valdivia Jr

ALTERNATE 1

5-1

7

Reiwa

A Cedillo

ALTERNATE 2

20-1

12

Jimmyssmokedcarrot

D Van Dyke

* EXACTA: 11-8 BOX, 8-4 BOX, 4-1 BOX

* TRIFECTA: 4/8/11 BOX, 1/4/8 BOX

 RACE #6    $70,000 MAIDEN SPECIAL WEIGHT
 5 1/2 FURLONGS ON THE DIRT – POST TIME: 7:07 PM ET

BEST BET:  #5 KEYCHAIN GIRL

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

4-1

5

Keychain Girl

F Prat

PLACE

2-1

4

I Got a Gal

U Rispoli

SHOW

10-1

10

Very Scary

A Cedillo

WILD CARD

8-1

9

Benedict Canyon

JR Velazquez

ALTERNATE 1

5/2

3

Real Fire

J Bravo

ALTERNATE 2

20-1

1

Travel Smart

J Valdivia Jr

* EXACTA: 5-4 BOX, 4-10 BOX, 10-9 BOX

* TRIFECTA: 4/5/10 BOX, 4/9/10 BOX

 RACE #7    $72,000 ALLOWANCE OPTIONAL CLAIMING
 1 MILE ON THE TURF – POST TIME: 7:37 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

6-1

11

Norma Jean B.

K J Desormeaux

PLACE

8-1

7

Trickle In

G Franco

SHOW

20-1

9

New Heat

A Cedillo

WILD CARD

7/2

1

Fearless Girl

U Rispoli

ALTERNATE 1

6-1

2

Ultimate Hy

D Van Dyke

ALTERNATE 2

15-1

3

Frose

M Gutierrez

* EXACTA: 11-7 BOX, 7-9 BOX, 9-1 BOX

* TRIFECTA: 7/9/11 BOX, 1/7/9 BOX

 RACE #8    $72,000 ALLOWANCE OPTIONAL CLAIMING
 6 FURLONGS ON THE DIRT – POST TIME: 8:07 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

4/5

8

Flightline

F Prat

PLACE

12-1

6

Parnelli

D Van Dyke

SHOW

7/2

5

Escape Route

J Valdivia Jr.

WILD CARD

4-1

2

Freedom Fighter

J R Velazquez

ALTERNATE 1

12-1

4

Positivity

U Rispoli

ALTERNATE 2

20-1

3

Silver Moon Road

J Pyfer

* EXACTA: 8-6 BOX, 6-5 BOX, 5-2 BOX

* TRIFECTA: 5/6/8 BOX, 2/5/6 BOX

 RACE #9    $100,000 STAKES
 1 MILE ON THE TURF – POST TIME: 8:37 PM ET

** BONUS COMMENTARY **  $100,000 DEL MAR JUVENILE FILLIES TURF STAKES

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

6-1

1

Sea Breezing

D Van Dyke

PLACE

4-1

7

Into Touring

U Rispoli

SHOW

12-1

8

Miss Bellatrix

A Cedillo

WILD CARD

6-1

3

Urban

KJ Dsormax

ALTERNATE 1

7/2

11

Helens Well

F Prat

ALTERNATE 2

5-1

6

Dendera

JR Velazquez

* EXACTA: 1,3,7,8 Box

* TRIFECTA: 1,7,8/1,3,7,8/1,3,7,8,11

COMMENTS: SEA BREEZING won her debut in Ireland on a good surface, which should translate well. INTO TOURING won her last rolling late as the favorite. MISS BELLATRIX tied for the top, last race speed figure with some good works since. URBAN finished third in her debut with some late legs after a troubled start.

 RACE #10    $300,000 STAKES
 7 FURLONGS ON THE DIRT – POST TIME: 9:07 PM ET

** BONUS COMMENTARY **  $300,000 DEL MAR DEBUTANTE STAKES G1

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

3-1

4

Dance to the Music

A Cedillo

PLACE

5/2

3

Elm Drive

JJ Hernandez

SHOW

8-1

5

Myfavoritedaughter

J Valdivia Jr

WILD CARD

3-1

2

Eda

JR Velazquez

ALTERNATE 1

5-1

7

Grace Adler

F Prat

ALTERNATE 2

12-1

8

Bicameral

M Gutierrez

* EXACTA: 2,3,4,5

* TRIFECTA: 2,3,4,5 Box

COMMENTS: DANCE TO THE MUSIC made easy work of the field in her debut, works since say she could do it again. ELM DRIVE is undefeated in two, including a GII in her last. MYFAVORITEDAUGHTER beat a field of four by 25 and put in a bullet on August 25th. EDA just missed versus ELM drive in her last.

 RACE #11    $70,000 MAIDEN SPECIAL WEIGHT
 1 1/16 MILES ON THE TURF – POST TIME: 9:37 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

9/5

2

Big Coupe

F Prat

PLACE

4-1

7

Hail Freedom

KJ Dsormax

SHOW

15-1

8

Funkenstein

K Frey

WILD CARD

5-1

12

Eagle in the Sky

J Bravo

ALTERNATE 1

5-1

5

Really Big News

U Rispoli

ALTERNATE 2

30-1

11

Club Mesquite

EA Maldnad

* EXACTA: 2-7 BOX, 7-8 BOX, 8-12 BOX

* TRIFECTA: 2/7/8 BOX, 7/8/12 BOX



Source link

Del Mar Tip Sheet – July 31


DEL MAR TIPS – SATURDAY, JULY 31, 2021

Historically our BEST BETS have finished in the money 64% of the time at this track.

 RACE #1    $28,000 CLAIMING
 6 FURLONGS ON THE DIRT – POST TIME: 5:00 PM ET

BEST BET:  #3 KANAH

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

5/2

3

Kanah

J Valdivia Jr.

PLACE

8-1

8

Palaleo

K Frey

SHOW

9/5

2

Defense Wins

F Prat

WILD CARD

7/2

7

Rayray

J Pyfer

ALTERNATE 1

5-1

6

Prince Magician

T McCarthy

ALTERNATE 2

20-1

5

Maybe Sometime

C Ortega

* EXACTA: 3-8 BOX, 8-2 BOX, 2-7 BOX

* TRIFECTA: 2/3/8 BOX, 2/7/8 BOX

 RACE #2    $70,000 MAIDEN SPECIAL WEIGHT
 5 FURLONGS ON THE DIRT – POST TIME: 5:30 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

9/5

6

Grace Adler

F Prat

PLACE

5-1

5

Travel Smart

F Geroux

SHOW

5-1

3

Sugar Sugar

JJ Hernandez

WILD CARD

5/2

1

Haute Lady

A Cedillo

ALTERNATE 1

12-1

4

Valentina Ghada

T Baze

ALTERNATE 2

3-1

2

Ice Maiden

U Rispoli

* EXACTA: 6-5 BOX, 5-3 BOX, 3-1 BOX

* TRIFECTA: 3/5/6 BOX, 1/3/5 BOX

 RACE #3    $70,000 MAIDEN SPECIAL WEIGHT
 1 MILE ON THE TURF – POST TIME: 6:02 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

8/5

3

Lookout Point

F Prat

PLACE

3-1

5

Il Capitano

T Baze

SHOW

12-1

4

Quincey

D Van Dyke

WILD CARD

6-1

2

Fowler Blue

A Cedillo

ALTERNATE 1

5-1

8

Mackinnon

JJ Hernandez

ALTERNATE 2

20-1

6

Empires Fire

K Frey

* EXACTA: 3-5 BOX, 5-4 BOX, 4-2 BOX

* TRIFECTA: 3/4/5 BOX, 2/4/5 BOX

 RACE #4    $72,000 ALLOWANCE OPTIONAL CLAIMING
 1 MILE ON THE DIRT – POST TIME: 6:34 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

5/2

2

Appreciated

T J Pereira

PLACE

8-1

1

Anitanewmercedes

A Espinoza

SHOW

8-1

3

Hapi Hapi

D Van Dyke

WILD CARD

9/5

7

California Kook

F Prat

ALTERNATE 1

2-1

6

George Herman Ruth

J J Hernandez

ALTERNATE 2

15-1

5

Asaro

E A Maldonado

* EXACTA: 2-1 BOX, 1-3 BOX, 3-7 BOX

* TRIFECTA: 1/2/3 BOX, 1/3/7 BOX

 RACE #5    $55,000 CLAIMING
 5 FURLONGS ON THE TURF – POST TIME: 7:06 PM ET

BEST BET:  #3 TIL I FOUND YOU

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

4-1

3

Til I Found You

J Valdivia Jr.

PLACE

6-1

7

Emmas Dance

D Van Dyke

SHOW

5-1

1

Mind Meld

T McCarthy

WILD CARD

7/2

5

Speeding

J Pyfer

ALTERNATE 1

4-1

8

Gayles Evening

K Frey

ALTERNATE 2

20-1

2

Malibu Mistress

W A Barnett

* EXACTA: 3-7 BOX, 7-1 BOX, 1-5 BOX

* TRIFECTA: 1/3/7 BOX, 1/5/7 BOX

 RACE #6    $25,000 CLAIMING
 1 MILE ON THE DIRT – POST TIME: 7:36 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

3-1

4

Railsplitter

C Ortega

PLACE

4-1

6

Dr. Hoffman

F Prat

SHOW

12-1

9

Full Draw

M Gutierrez

WILD CARD

7/2

2

Unilateral

U Rispoli

ALTERNATE 1

2-1

5

Dark Prince

A Cedillo

ALTERNATE 2

20-1

7

Very Irish

T Baze

* EXACTA: 4-6 BOX, 6-9 BOX, 9-2 BOX

* TRIFECTA: 4/6/9 BOX, 2/6/9 BOX

 RACE #7    $72,000 ALLOWANCE OPTIONAL CLAIMING
 5 FURLONGS ON THE TURF – POST TIME: 8:06 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

5/2

3

Alice Marble

F Prat

PLACE

7/2

7

Lava Lane

U Rispoli

SHOW

8-1

5

Ds Lovely Sophia

J Pyfer

WILD CARD

8-1

11

Acai

M Gutierrez

ALTERNATE 1

6-1

2

Ensleys Dream

E A Maldonado

ALTERNATE 2

10-1

1

Trina

J Bravo

* EXACTA: 3-7 BOX, 7-5 BOX, 5-11 BOX

* TRIFECTA: 3/5/7 BOX, 5/7/11 BOX

 RACE #8    $55,000 CLAIMING
 7 FURLONGS ON THE DIRT – POST TIME: 8:36 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

6-1

2

Sea to Success

E A Maldonado

PLACE

5/2

6

Wipe the Slate

M Gutierrez

SHOW

30-1

5

Alpine Thunder

D A Herrera

WILD CARD

3-1

1

Herd Immunity

F Prat

ALTERNATE 1

6-1

8

Positivity

U Rispoli

ALTERNATE 2

8-1

7

Charge Cash

T J Pereira

* EXACTA: 2-6 BOX, 6-5 BOX, 5-1 BOX

* TRIFECTA: 2/5/6 BOX, 1/5/6 BOX

 RACE #9    $74,000 ALLOWANCE OPTIONAL CLAIMING
 1 1/8 MILES ON THE TURF – POST TIME: 9:06 PM ET

BEST BET:  #8 IRIDEO

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

8-1

8

Irideo

T J Pereira

PLACE

15-1

3

Media Blitz

J J Hernandez

SHOW

8-1

2

Me and Mr. C

J Bravo

WILD CARD

4-1

9

Rip City

M Gutierrez

ALTERNATE 1

7/2

6

Ready Soul

F Prat

ALTERNATE 2

6-1

5

Ocean Atlantique

T McCarthy

* EXACTA: 8-3 BOX, 3-2 BOX, 2-9 BOX

* TRIFECTA: 2/3/8 BOX, 2/3/9 BOX

 RACE #10    $300,000 STAKES
 6 FURLONGS ON THE DIRT – POST TIME: 9:36 PM ET

** BONUS COMMENTARY **  $300,000 BING CROSBY STAKES G1

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

7/2

8

Dr. Schivel

F Prat

PLACE

5/2

3

C Z Rocket

F Geroux

SHOW

8-1

2

Vertical Threat

J Bravo

WILD CARD

7/2

9

Brickyard Ride

JJ Hernandez

ALTERNATE 1

4-1

6

Collusion Illusion

T Baze

ALTERNATE 2

15-1

1

Shooters Shoot

T McCarthy

* EXACTA: 2,3,8,9 Box

* TRIFECTA: 2,3,8/2,3,8,9/2,3,6,8,9

COMMENTS: DR. SCHIVEL is two for two at Del Mar and working well for this spot. C Z Rocket missed as the favorite in his last, trainer Peter Miller rebounds at 25% with defeated chalk. VERTICAL THREAT is three for three at the distance, including the top, last race speed figure. BRICKYARD RIDE has won five of eight at the distance, can struggle without the lead.

 RACE #11    $72,000 ALLOWANCE OPTIONAL CLAIMING
 1 MILE ON THE TURF – POST TIME: 10:06 PM ET

PICK ORDER

M/L

P#

HORSE NAME

JOCKEY

WIN

4-1

13

Bench Judge

F Geroux

PLACE

12-1

9

Signofthecross

T McCarthy

SHOW

8-1

7

Constant Conflict

F Prat

WILD CARD

7/2

1

Sea of Liberty

J Bravo

ALTERNATE 1

4-1

2

Carmelitas Man

A Cedillo

ALTERNATE 2

20-1

10

Circleofchampions

R Gonzalez

* EXACTA: 13-9 BOX, 9-7 BOX, 7-1 BOX

* TRIFECTA: 7/9/13 BOX, 1/7/9 BOX



Source link

Men’s Basketball to Play in the Baha Mar Hoops Event in The Bahamas


NASSAU, THE BAHAMAS – The Drexel men’s basketball team, fresh off an NCAA Tournament appearance, will travel to the Bahamas to compete in a “Baha Mar Hoops” tournament in November. The Dragons will appear in the eight-team “Baha Mar Hoops Nassau Championship.” Baha Mar, the leading resort destination in The Bahamas, revealed today 19 NCAA men’s and women’s teams who will participate in the newly announced “Baha Mar Hoops” event, making it the largest early season event in all of college basketball. In total, 23 games will be played across three events during the U.S. Thanksgiving week, Nov. 22-27 at the Baha Mar Convention Center.

The Dragons tip-off on Monday, Nov. 22 against Tulane. The winner will face the winner of the Toledo-Charlotte game the following day. The tournament will conclude on Nov. 24. Other teams in the Nassau Championship bracket include Abilene Christian, Jacksonville State, Coastal Carolina and Valparaiso.

“We are thrilled to welcome the men’s and women’s NCAA teams for the first-ever Baha Mar Hoops event,” said Graeme Davis, President, Baha Mar. “At the heart of the resort destination is our determination to inspire the youth from around the world. We have designed Baha Mar facilities and offerings with the intention of hosting events such as Baha Mar Hoops and look forward to watching these impressive collegiate athletes play basketball in the beautiful Bahamas.”

A mere 55-minute flight from Florida, Baha Mar opened in 2017 and is home to three iconic brands: Grand Hyatt, SLS and Rosewood. Situated on 1,000 acres overlooking Nassau’s famous Cable Beach, the resort destination features more than 2,300 rooms and an abundance of dynamic programming, activities, and amenities including the largest casino in the Caribbean, a state-of-the-art convention center, an 18-hole Jack Nicklaus Signature Golf Course, the Caribbean’s first and only flagship ESPA spa, a collection of more than 40 restaurants and lounges, and more. The $200 million luxury water park, Baha Bay debuted in July 2021 as the latest addition to Baha Mar’s portfolio of spectacular guest offerings. Set on 15 beachfront acres, Baha Bay has introduced an exciting array of aquatic activities and experiences, alfresco dining, a gaming pavilion, beach club, and more.

 



Source link

Baha Mar Launches Travel With Confidence Program Offering Complimentary Return Private Jet Travel Or Free Extended Stay For COVID-19 Positive Guests


Baha Mar’s Travel with Confidence program pledges that should a resort guest test positive during their stay, Baha Mar will provide courtesy suite accommodations and a daily dining credit of $150 per person per day, for up to 14 days in quarantine. Most importantly, should the guest need to return to the United States earlier, Baha Mar will provide private air travel to return the guest and their immediate family to the U.S., free of charge.

“In this ever-changing travel environment, it is our goal to alleviate travelers’ concerns surrounding COVID-19, in an effort to ensure the health, safety and comfort of our guests,” said Graeme Davis, President, Baha Mar. “Our Travel with Confidence program is the first of its kind in the industry, providing travelers with added peace of mind and the option to safely return home, or quarantine at no added expense – the choice is theirs.”

Baha Mar’s ongoing Commitment to Your Wellbeing initiative provides guests with the latest in COVID-19 safety measures, which include on-site complimentary COVID-19 Rapid Antigen testing upon arrival and prior to departure to assist in guests’ compliance with return travel requirements of their country of origin. Furthermore, the Commitment to Your Wellbeing includes mandatory mask-wearing in public areas, social distancing and stringent cleanliness protocols that go above and beyond Baha Mar’s already rigorous cleaning standards, covering all brands across Grand Hyatt, SLS and Rosewood Baha Mar. Additionally, resort standards include weekly COVID-19 testing for associates, enhanced housekeeping and engineering services, heightened food safety and digital ordering, touchless payments, and technology methods that allow for an abundance of contactless experiences from the moment guests check in. For more information on Baha Mar’s Travel with Confidence program and the Commitment to Your Wellbeing, click here or visit bahamar.com.

Plan Your 2021 Baha Mar Escape with Spectacular Awaits Offer
Following the reopening of Grand Hyatt Baha Mar in December, Baha Mar will complete its phased reopening on March 4, 2021, welcoming guests back to SLS Baha Mar, Rosewood Baha Mar, and its signature restaurants and amenities.  To celebrate the full reopening, Baha Mar introduces Spectacular Awaits. Available for booking at all three Baha Mar resorts, the offer includes a complimentary fourth night with a minimum three-night stay, with free cancellation up to 24 hours prior to arrival. To book the Spectacular Awaits offer, visit BahaMar.com/offers. For details on travel requirements for The Islands of The Bahamas and how to apply for The Bahamas Travel Health Visa click here.

About Baha Mar
Baha Mar is a master planned $4.2 billion integrated resort development operated by Hong Kong-based conglomerate Chow Tai Fook Enterprises Limited (CTFE). The white sand beach destination includes three global brand operators – Grand Hyatt, SLS, and Rosewood – with over 2,300 rooms and 40 restaurants and lounges, the largest casino in the Caribbean, a state-of-the-art convention center, an 18-hole Jack Nicklaus Royal Blue Golf Course, the Caribbean’s first and only flagship ESPA spa, and over 30 luxury retail outlets. Baha Mar is a breathtaking location with dynamic programming, activities and guest offerings in one of the most beautiful places in the world – The Bahamas. For more information and reservations, visit www.bahamar.com.

SOURCE Baha Mar

Related Links

https://bahamar.com



Source link

Marriott (MAR) Set to Report Another Bad Quarter


Top hotel chains should report atrocious fourth quarter earnings results this week, with business and recreational travel grinding to a halt as a result of the second pandemic wave. Even so, green shoots have emerged in recent months, with greater-than-expected airline traffic during the Thanksgiving and Christmas holidays and two-dose inoculations that could unleash a legion of free-spending baby boomers this summer.

Key Takeaways

  • Top hotel chains report fourth quarter earnings this week.
  • Vacation travel will likely surge this year, but business travel could remain at depressed levels into 2024.
  • Marriott is unlikely to report major improvement over the third quarter’s 57.3% revenue decline.

The American Hotel & Lodging Association (AHLA) projected in January that half of U.S. hotel rooms will remain vacant on average in 2021, about 85% of 2019’s total, with a return to pre-pandemic levels not expected until 2023. However, 56% of Americans said they would travel for leisure or vacation, while the rapid vaccine intake has likely raised that number, especially after a long year of sitting at home and eating food delivered by Grubhub Inc. (GRUB).  

Business travel may not recover as quickly because many corporations are now extending remote work opportunities into 2022 and 2023. Companies have discovered that remote meeting apps allow them to sharply reduce travel and office budgets, making it likely that this venue will never return to its pre-pandemic glory days. Hotels that cater to business still need to adjust to this reality, perhaps shutting down poorly performing properties. 

Marriott International, Inc. (MAR) is the 400-pound gorilla in the lodging sector, with regional performance accurately reflecting local conditions. The company just announced that CEO Arne Sorenson has died after a battle with cancer. Analysts are expecting the company to report a profit of $0.11 per share in Thursday’s pre-market on an estimated $2.40 billion in revenue. If met, earnings per share (EPS) will mark a 93% profit decrease compared to the same quarter in 2020.

Marriott reported a staggering 57.3% revenue decline in the quarter ending on Sept. 30. It is even worse than it sounds because that was the quarter in which folks grew complacent and took vacations, hoping that the pandemic had run its course. The dismal results could be duplicated in the current quarter, in which businesses and individuals have been forced to curb travel due to the surging pandemic and onerous travel restrictions.

Tip

Revenue per available room (RevPAR) is a metric used in the hospitality industry to measure hotel performance. The measurement is calculated by multiplying a hotel’s average daily room rate (ADR) by its occupancy rate. RevPAR is also calculated by dividing a hotel’s total room revenue by the total number of available rooms in the period being measured.

Marriott Monthly Chart (2007 – 2021)

TradingView.com


The stock completed a round trip into the 2007 high at $52 in 2014 and broke out, entering a healthy uptrend that paused in the mid-$80s in 2014. Positive price action cleared that barrier in the first quarter of 2017, lifting close to $150 in January 2018. A December 2019 breakout attempt failed after posting an all-time high at $153.39, giving way to a decline that accelerated into a vertical rout in March 2020.

Committed buyers emerged at a seven-year low in the $50s, ahead of a two-wave bounce that reversed after entering the February 2020 sell gap at the .786 Fibonacci selloff retracement level in December. The stock has been pulling back since that time but is holding above support at the 50- and 200-day exponential moving averages (EMAs), suggesting quiet accumulation while price action grinds through the long dark winter. A positive catalyst appears unlikely this week, raising the odds for continued consolidation that could support higher prices as COVID numbers crash this spring.

Tip

A catalyst in equity markets is an event or other news that propels the price of a security dramatically up or down. A catalyst can be almost anything: an earnings report, an analyst revision, a new product announcement, a piece of legislation, a lawsuit, the outbreak of war, an offer to buy a company, a move by an activist investor, a comment from a CEO or government official, or the conspicuous absence of a company officer at a special event.

The Bottom Line

Hotel chains will face pandemic headwinds for several years due to paradigm shifts in the travel industry. 

Disclosure: The author held no positions in the aforementioned securities at the time of publication.



Source link