Travel & Leisure Companies Report Mixed Financial Results - Research Report on Expedia, Las Vegas Sands, Starwood, Penn National Gaming, and Choice Hotels

NEW YORK, July 31, 2013 /PRNewswire/ --

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Today, Investors' Reports announced new research reports highlighting Expedia Inc. (NASDAQ: EXPE), Las Vegas Sands Corp. (NYSE: LVS), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Penn National Gaming Inc. (NASDAQ: PENN), and Choice Hotels International Inc. (NYSE: CHH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Expedia Inc. Research Report

On July 25, 2013, Expedia Inc. (Expedia) released its Q2 2013 financial results. Revenues were up 15.9% YoY to $1.2 billion. Adjusted net income was down 27.5% YoY to $90.5 million. Income from continuing operations was down 32% YoY to $71.5 million. Adjusted EPS was down 28.1% YoY to $0.64, while diluted EPS from continuing operations was down 32.9% YoY to $0.51. Dara Khosrowshahi, President and CEO of Expedia, said, "We knew we were facing second quarter headwinds and those which we expected, as well as some we didn't, materialized. Despite this, we remain confident about our long-term strategy. We see continued return on our core brands' technology investments, broader adoption of Expedia Traveler Preference Program, momentum in our recent acquisitions and emerging markets as well as exciting traction in one of travel's fastest growth channels - mobile." The Full Research Report on Expedia Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/EXPE]

Las Vegas Sands Corp. Research Report

On July 24, 2013, Las Vegas Sands Corp. (Las Vegas Sands) released its Q2 2013 financial results. Revenues were up 25.6% YoY to $3.2 billion. GAAP operating income was up 96.3% YoY to $780.6 million, principally due to stronger operating results in Macao. Net income attributable to the Company was up 120.2% YoY to $529.8 million, while diluted EPS was up 120.7% YoY to $0.64. Mr. Sheldon G. Adelson, Chairman and CEO of Las Vegas Sands, commented, "I am extremely pleased to report outstanding quarterly financial results that reflect strong growth in revenue, cash flow, and earnings per share, as well as the focused and consistent execution of our global growth strategy. Continued execution of that strategy will extend our position as the global leader in Integrated Resort development and operation." The Full Research Report on Las Vegas Sands Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/LVS]

Starwood Hotels & Resorts Worldwide Inc. Research Report

On July 25, 2013, Starwood Hotels & Resorts Worldwide Inc. (Starwood) released its Q2 2013 financial results. Revenues were down 3.5% YoY to $1.6 billion. Operating income was up 3.3% YoY to $250 million. Net income attributable to the Company was up 12.3% YoY to $137 million, while diluted EPS was up 14.5% YoY to $0.71. Frits van Paasschen, Starwood's CEO, said, "We exceeded our profit expectations - despite slower revenue growth and exchange rate headwinds - thanks to SG&A cost control and good margin performance at Owned and Managed hotels. The global recovery continues. Tight supply in North America and Europe is the order of the day, with virtually no new high-end hotels

coming on stream. Our occupancies in Europe are close to 72%. In North America, they reached 76%, the highest Starwood has ever reported. In China, our hotels significantly outperformed the competition, demonstrating the value our brands bring to our hotel owners, even in soft market conditions." The Full Research Report on Starwood Hotels & Resorts Worldwide Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/HOT]

Penn National Gaming Inc. Research Report

On July 23, 2013, Penn National Gaming Inc. (Penn National Gaming) released its Q2 2013 financial results. Net revenues were up 6.8% YoY to $761.4 million. Net loss was $12.2 million, compared to a net income of $66.7 million in Q2 2012. Loss per diluted common share was $0.16, compared to earnings per diluted common share of $0.63 in Q2 2012. Peter M. Carlino, Chairman and CEO of Penn National Gaming, stated, "Second quarter operating results fell short of our guidance due to several factors: In addition to soft industry-wide regional gaming revenue trends, several properties in the Midwest and Southern Plains segments endured extreme weather, including tornados, flooding and construction disruption, which led to closures as well as insurance deductible charges. Other facilities were negatively impacted by competitive pressures, including marketing promotions that due to economic return considerations we elected not to match. Partially offsetting these challenges, our second quarter adjusted EBITDA includes $4.3 million of favorable tax settlements in various jurisdictions." The Full Research Report on Penn National Gaming Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/PENN]

Choice Hotels International Inc. Research Report

On July 26, 2013, Choice Hotels International Inc. (Choice Hotels) released its Q2 2013 financial results. Revenues were up 5.7% YoY to $183.6 million. Net income was down 11.4% YoY to $28.2 million. Diluted EPS was down 12.7% YoY to $0.48. Stephen P. Joyce, President and CEO of Choice Hotels, said, "On the development side of the business, conversion franchise sales for our flagship Comfort brand and our Ascend Collection continued to outpace last year's results demonstrating that Choice remains a top option for hotel developers." For Q3 2013, the Company expects diluted EPS of approximately $0.66, while full-year 2013 diluted EPS is expected to be $1.84 to $1.87. The Full Research Report on Choice Hotels International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-29/CHH]

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