Choice Hotels International, Inc.
The hotel industry could be a big benefactor from the rebounding economy and increased consumer spending. It appears one of the big winners in the sector so far has been Starwood Hotels & Resorts Worldwide (NYSE: HOT). Starwood posted 1Q 2013 EPS of $0.76, compared to $0.63 for the same period last year, blowing past $0.53 consensus estimates. The question is, does this mean there are more good more »
Choice Hotels International (NYSE: CHH) announced its overseas expansion into Europe, but the hotel chain is not alone in its pursuit to push the "Made in America" brand overseas. How does this affect investors? Don't expect any short-term gains, but expect that the hospitality industry overall is planning for the long haul.
The Silver Spring, Md.-based company -- parent to such names as Comfort Suites, Comfort Inn, Cambria Suites more »
Southeastern Asset Management, a Tennessee-based investment management firm ran by Mason Hawkins, has doubled its position in InterContinental Hotels Group (NYSE: IHG). InterContinental is a manager and franchiser of hotels and resorts, operating all over the world. The company operates such brands as InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels and Resorts, Holiday Inn Express, Staybridge Suites and Candlewood Suites.
So, the U.S. economy had a teeny, tiny growth rate of 1.5 percent in the second quarter. The Conference Board's Kathy Bostjancic summed up the economy's performance this way: "U.S. economic growth has slowed to a crawl." She went on to cite "the anemic pace of consumption and investment," "weak exports," and "negative headwinds from Europe."
Other than those few minor issues, apparently all is more »