Kentucky Derby no longer guaranteed boom for Lexington as vacant hotel rooms replace sellouts [FOX News]
Hilton Worldwide Holdings Inc. (HLT)
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Source: FOX News
The Kentucky Derby may still draw big crowds from around the world, but hotels in nearby Lexington are struggling to fill vacant beds. For years, Derby weekend meant sold-out rooms and sharply increased prices across the city. Now, hotel leaders say that surge is spreading out, with more travelers opting to stay closer to Louisville or along surrounding corridors, according to FOX 56 The change has left some Lexington hotels working to fill rooms just days before the race, in sharp contrast to previous years when bookings were locked in far in advance. Industry observers say a number of factors may be contributing to the shift. Alice Ford, a travel host of "Alice's Adventures on Earth" and frequent Kentucky Derby attendee, told Fox News Digital that recent changes to the event may be contributing to more spread-out attendance. "They've added several more race days in the beginning of the week, which is spreading out viewership over a longer period of time," Ford said. S
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- Hilton Worldwide (HLT) had its price target raised by Truist Financial Corporation from $307.00 to $312.00. They now have a "hold" rating on the stock.MarketBeat
- Hilton Worldwide (HLT) had its price target raised by Susquehanna from $345.00 to $353.00. They now have a "neutral" rating on the stock.MarketBeat
- Hilton Worldwide (HLT) had its price target raised by Mizuho from $321.00 to $326.00. They now have a "neutral" rating on the stock.MarketBeat
- Hilton Worldwide (HLT) had its price target raised by HSBC Holdings plc from $353.00 to $387.00. They now have a "buy" rating on the stock.MarketBeat
- Hilton Worldwide (HLT) had its price target raised by The Goldman Sachs Group, Inc. from $354.00 to $360.00. They now have a "buy" rating on the stock.MarketBeat
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