Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Marriott's (MAR) Ritz-Carlton Brand Forays into Hungary

The Ritz-Carlton Hotel Company, L.L.C – a fully owned subsidiary of Marriott International, Inc. MAR – has unveiled its first hotel in Hungary in the capital city of Budapest. The Ritz-Carlton, Budapest is located close to the historic sites of the city and the famous Danube River.

A historic building situated on Elizabeth Square and near St Stephens Basilica Has been converted into this luxurious hotel. It has 170 luxurious rooms and 30 suites.  The hotel also has a club, a ballroom and two new restaurants and a bar – which serve both local and international cuisine.

The facilities and location of the hotel will appeal to both business as well as leisure travelers. Tourists can easily access popular attractions like Buda Castle district and the famous thermal springs. Further, guests can sample the culinary delights of the region like exotic wines and cuisines in Hungary.

The consistent economic growth in emerging markets like Hungary and the growing affluent middle class are driving both business and leisure travel. Additionally, such emerging markets bring in more international tourists. Investments in new hotels to support the inflow of guests, thus raising brand awareness locally as well as internationally, as well as meeting the demand for leisure travel. Therefore, Marriott’s Ritz-Carlton Hotel Company, L.L.C with over 90 hotels across the world intends to expand further into other regions.

Marriott currently has a Zacks Rank #3 (Hold).

Stocks to Consider

Some better-ranked stocks from the same sector are Red Lion Hotels Corporation RLH and Marriott Vacations Worldwide Corp. VAC both having a Zacks Rank #2 (Buy). Las Vegas Sands Corp. LVS is another stock worth considering from the broader sector with a Zacks Rank #2.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
 
MARRIOTT INTL-A (MAR): Free Stock Analysis Report
 
RED LION HOTELS (RLH): Free Stock Analysis Report
 
MARRIOT VAC WW (VAC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research