LONDON, June 20, 2013 /PRNewswire/ --
According to Mark Woodworth, who serves as the president of PKF Hospitality Research, the next downturn in the U.S. hotel industry is not likely to occur until 2017. Speaking at the Hotel Equities and Lender Perspectives conference, Woodworth noted that the hotel industry has performed well lately. Although the long-term outlook for the hotel industry is positive, panelists at the conference noted the fact that macro issues could lead to a slowdown or even derail the recovery. On Wednesday, June 19, 2013, shares in lodging companies ended mostly lower, tracking losses in the broader market which tumbled after the Federal Reserve released its monetary policy statement. The major movers in the sector included Ctrip.com International Ltd. (ADR) (NASDAQ: CTRP), Marriott International Inc. (NYSE: MAR), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), and Orient-Express Hotels Ltd. (NYSE: OEH). AAAResearchReports.com free coverage on CTRP, MAR, HOT, and OEH is available upon registration at
Shares in Ctrip.com International Ltd. fell on Wednesday, tracking losses in the broader market. The company's shares ended the day at $34.58, down 1.14%, after trading between $34.40 and $35.26. The stock registered a total volume of 1.79 million shares which is below the daily average volume of 2.97 million. However, despite the pullback yesterday, shares of Ctrip.com have risen over 2.00% so far this week. Moreover, the stock is currently trading near its 52-week high of $35.33. Download free technical research on CTRP by signing up at:
Marriott International Inc.'s stock slipped yesterday, closing at $40.42, down 0.98% from its previous closing price. The company's shares traded between $40.41 and $41.07 and ended the day on a total trading volume of 2.79 million shares which is above its daily average volume of 1.93 million. In the last three months, Marriott's shares have risen by 2.20%, but it is still underperforming the S&P 500. The stock is currently trading below its 50-day moving average and above its 200-day moving average. Register now and get access to free analysis on MAR at:
Shares in Starwood Hotels & Resorts Worldwide Inc. saw a sharp drop on Wednesday. The company's shares hit an intraday low of $65.72 before closing the day at $65.80, down 1.64%. A total of 1.17 million shares were traded which is below the daily average volume of 2.02 million. The company's shares have risen by over 5.70% in the last three months. Additionally, the stock is trading slightly above its 50-day moving average. It currently has a 52-week high of $70.16. Sign up and read our complimentary report on HOT at:
Orient-Express Hotels Ltd's stock moved lower yesterday, reversing some of its gains for this week. The company's shares ended the day at $12.31, down 0.89%, after oscillating between $12 and $12.52. It saw a total of 698,749 shares traded throughout the session. Orient-Express' shares are still up 3.1% for this week. Moreover, the stock is trading slightly below its 50-day and 200-day moving averages. The MACD recently crossed above its signal line, and it is also trading above its zero-line. The free report on OEH can be downloaded by signing up now at:
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE AAA Research Reports