Hotels & Lodging (Asset-Light Franchisors and Asset-Heavy Lodging REITs)

Global and US lodging companies that sell hotel room nights, either by licensing brands and operating systems to third-party owners (asset-light franchise / management model) or by owning the underlying real estate and contracting a brand and operator to run it (asset-heavy lodging REIT model). The disclosure pattern is dictated by an industry-wide unit-economics triangle of Revenue Per Available

Each company on its own headline number

TickerCompanyTheir metricPeriodYoYA year ago
THTarget Hospitality Corp.Hospitality and Facilities Services South Average Utilized BedsFY2026-Q2+26.9%-54.4%
HHyatt Hotels CorporationExecuted management and franchise contract pipelineFY2026-Q2+10.0%+7.7%
CHHChoice Hotels International, Inc.Global rooms pipelineFY2026-Q2-16.9%-18.4%
XHRXenia Hotels & Resorts, Inc.Same-property revenue per available roomFY2026-Q2+11.0 pts+9.8 pts
WHWyndham Hotels & Resorts, Inc.Global development pipeline roomsFY2026-Q2+2.4%+4.1%
MCRIMonarch Casino & Resort, Inc.Casino operating expense as a percentage of casino revenueFY2026-Q2-0.2 pts-2.0 pts
HLTAmundi STOXX Europe 600 Healthcare UCITS ETF AccNet additional roomsFY2026-Q2-4.4%+25.6%

Where they use the same metric

  • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization โ€” reported by 4 of 27
  • Capital expenditures โ€” reported by 3 of 27
  • Adjusted net income โ€” reported by 3 of 27

A side-by-side appears only when three or more companies report the same metric in the same unit under their own definition. Companies are listed in value order, not ranked: whether a higher number is better is not asserted.

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