Lodging Industry Cautious Recovery
www.stockcall.com/ offers investors comprehensive research on the Lodging industry and has completed analytical research on Marriott International Inc. (NYSE: MAR) and Orient-Express Hotels Ltd. (NYSE: OEH).
The 2008-9 financial crisis toppled the Lodging Industry from a six-year high, however, it now seems they are poised to start making a recovery as the U.S. economy continues to heal. The American Hotel and Lodging Association recently published the industry's 2009 financial report confirming dire earnings where profits slid from $25.8 billion in 2008 to $16 billion in 2009. So far 2010 looks somewhat brighter with most of 2nd quarter earnings reports showing improvement compared to the 1st quarter as well as the previous year.
www.stockcall.com/ is an online platform where investors doing their due-diligence on the Lodging industry can have easy and free access to our analyst research and opinions on Marriott International Inc. and Orient-Express Hotels Ltd.
While corporate profits have risen 22.7 percent in the 2010, inflation has stabilized and June unemployment rates have receded to 9.5 percent, their lowest in 11 months. The hotel industry hopes to see simultaneous increase in business and leisure travel as well as higher average daily rates. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
Although the outlook seems sunnier with average daily rates and occupancy climbing, profits are a long way from their 2007 highs. Also, the industry is not recovering collectively; luxury and higher priced hotels are coming back faster while mid-range and cheaper options are lagging.
Earnings this quarter for Marriott International Inc. was very positive with almost three quarters of the its hotels indicating a surge in their room rates for the quarter. Consequently, revenue for the second quarter was up 8.2% to $2.8 billion.
Another player in this sphere that is set to release its earnings results in the next few days is Orient-Express Hotels Ltd. The hotel which operates mainly in the leisure hospitality market will be posting its financial readings on August 4th.
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