Beacon Equity Research announces the release of Stock Alerts covering lodging/hotel companies: Wyndham Worldwide Corp. (NYSE: WYN), Marriott International Inc. (NYSE: MAR), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Home Inns & Hotels Management Inc. (Nasdaq: HMIN), Orient-Express Hotels Ltd. (NYSE: OEH) and Intercontinental Hotels Group plc (NYSE: IHG).
In the Stock Alert, the author highlights Wyndham Worldwide’s outperforming the 30-Industrials Index by nearly 10 to 1:
“Wyndham Worldwide (WYN) shares rose 3.03% to hit $9.85 this morning. The rebound in lodging & hotel company Wyndham Worldwide Corp. (WYN) has been stronger than the major averages during the current overall stock rally beginning March 10, as its stock price has handily outperformed the Dow, S&P and Nasdaq. … Since the March 9 closing low of 6,547, the Dow has risen 21.5%, settling on Thursday at 7957. WYN closed up 208.4% to $9.56 on Thursday from $3.10 during the same period, outperforming the 30-Industrials Index by nearly 10 to 1. … Wyndham Worldwide is a hospitality company engaged in offering individual consumers and business customers a range of hospitality products and services across various accommodation alternatives and price ranges through the portfolio of brands.”
The Stock Alert author also featured Marriott International’s first-quarter financial results; beats Wall Street estimates:
“Marriott International Inc. (MAR) slipped 1.73% to trade at $21.62 this morning. Marriott reported its first-quarter financial results, registering a loss for the quarter, but beat Wall Street estimates through aggressive company-wide cost-cutting measures executed by management. … The Bethesda, Maryland-based Marriott International commented it slashed general and administration costs 16% by closing floors of its hotels, and offering limited menus and hours among other measures taken during the first quarter. … Chief financial officer Arne Sorenson said in a conference call hotel demand appears to have stabilized, but anticipates room rates to remain soft in the foreseeable future.”
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