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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:48 EDTMAR, HLT, H, CHH, IHG, WYN, HOTHotels rise after Hyatt results beat expectations
The shares of a number of hotel chains are climbing after one of the companies in the sector, Hyatt Hotels (H), reported significantly stronger than expected results. WHAT'S NEW: Hyatt's fourth quarter earnings per share, excluding some items, came in at 32c, versus analysts' consensus estimate of 20c. The company's revenue was slightly higher than expected. Its revenue per available room, or RevPAR, rose 6.2% versus the fourth quarter of 2012. "Looking ahead, we expect healthy occupancy levels in the U.S. to support increasing strength in room prices," said Hyatt CEO Mark Hoplamazian in a statement. WHAT'S NOTABLE: UBS upgraded Starwood (HOT) to Buy from Neutral in a note to investors earlier today, after the stock fell yesterday in response to the company's decision not to buy back any shares last quarter. The firm expects the company to be able to buy back shares going forward and it predicts that strength in North America, asset sales, and RevPAR gains in China will drive the stock higher. PRICE ACTION: In mid-morning trading, Hyatt jumped 5.6% to $52.35, Starwood advanced 2.6% to $77.34, InterContinental Hotels Group (IHG) advanced 1.6% to $33.50, and Marriott (MAR) gained 1% to $50.65. OTHERS TO WATCH: Other publicly traded companies in the space include Choice Hotels (CHH), Hilton Worldwide (HLT), and Wyndham (WYN).
News For H;HOT;IHG;HLT;WYN;CHH;MAR From The Last 14 Days
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January 26, 2015
08:33 EDTHOTStarwood expands presence in Germany with Shraton Berlin Grand Hotel
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January 23, 2015
08:01 EDTHOTStarwood expects another year of accelerated growth in North America
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January 22, 2015
07:38 EDTMARMarriott CEO bullish on U.S. growth, Chinese consumer class, WSJ says
Marriott International CEO Arne Sorenson believes most Americans are "underestimating the depth of the recovery under way in the U.S.," reports the Wall Street Journal, citing a recent interview at the World Economic Forum in Davos. He attributed U.S. momentum to falling oil prices, and went on to note that Marriott's business in Russia is down 20%-25% while calling its performance in the U.K. and Middle East "not bad." Sorenson also remarked that China's transition to a middle-class consumer economy should be a boon, though he speculated that foreign growth and U.S. tax rates could limit the company's reinvestment in U.S. properties. Reference Link
January 20, 2015
05:21 EDTMARMarriott expects to reach 1M rooms open or in development in FY15
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January 16, 2015
10:01 EDTHOTOn The Fly: Analyst Downgrade Summary
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06:26 EDTHOTStarwood downgraded to Neutral from Buy at BofA/Merrill
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January 14, 2015
16:47 EDTHHyatt Hotels sells five select-service hotels for $53M
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05:57 EDTMAR, HOT, HLT, H, CHHLodging sector downgraded to Market Weight at Wells Fargo
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05:18 EDTHOTStarwood, NRG Energy announce new solar installation at The Phoenician
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January 13, 2015
12:02 EDTHOTStarwood, KFK Group sign deal to open new Westin hotel in Dallas
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10:00 EDTHLTOn The Fly: Analyst Upgrade Summary
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07:12 EDTHLTHilton upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Hilton to Outperform citing share underperformance relative to peers, potential upside to consensus earnings from the recycling of Waldorf proceeds, and the possibility of the company exploring a real estate spinoff in 2015. Wells raised its price target range for shares to $28-$29 from $26-$27.

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