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What analysts are saying about Playa Hotels (NASDAQ: PLYA) post Q1 announcement

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The travel and tourism industry has boomed in the aftermath of the pandemic. Playa Hotels and Resorts are a testament to this as the company has reported an uptick in its income during Q1 2023. Growing demand for travel and tourism has enhanced Playa’s Q1 2023 earnings, making analysts bullish on this stock.

Playa’s resort properties are located across popular beachfront locations that are destination hotspots for travelers. The company’s majority revenues are generated from the Yucatan Peninsula segment and some of its popular constituent brands include Hyatt Ziva, Jewel Resorts and Hyatt Zilara.

The company released its Q1 2023 earnings report on May 4, 2023, post which analysts reviewed their recommendations on the stock. As per data available on Refinitiv, three analysts have given the stock a ‘Strong Buy’ rating while three others have given it a ‘Buy’ rating.

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