Market study hotel industry business 2005

Type :

Presentation

Pages :

11 pages

Format :

.doc

Published date :

01/15/2009

Category :

Business & market

Sub category :

Business strategy

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Summary :

Introduction.
Marriott.
1. Financial performance.
2. Stock market performance.
3. Mergers & acquisitions.
4. New properties.
5. Refurbishments.
6. Product development.
Starwood.
1. Finance.
2. Stock market performance.
3. Mergers & acquisitions.
4. New properties.
5. Expansion.
6. Product development.
7. Loyalty program activity.
8. Other news.
Hyatt.
1. Financial performance.
2. Stock market.
3. Mergers & acquisitions.
4. New properties.
5. Expansion.
6. Product development.
7. Loyalty program activity.
InterContinental Hotels Group (IHG).
1. Financial performance.
2. Stock market performance.
3. New properties.
4. Refurbishments.
5. Disposals.
6. Expansion.
Appendices.
Sources of information.

Abstract

Marriott International's Q1 2005 net income was $145 million, a 27% increase compared to the same period last year. Marriott International recorded earnings per share (EPS) of $0.61 in the first quarter of 2005, up 30% from the same period in 2004.Management fees increased 52%, driven by 9.2 % growth (using actual exchange rate) in global REVPAR. Marriott has continued its share repurchase programme with the repurchase of 5.1 million shares of stock for $328 million. Since 2000, Marriott has repurchased over 54 million shares for $2.2 billion. o In March 2005, Marriott recorded a 3-month share price high of $17.12. However, the share price has since been fluctuating, reflecting the trends within the hospitality sector. o Whitbread has put its 46 Marriott-branded hotels across the UK and Ireland up for sale. Marriott will continue to manage the properties at least until buyers are found. The sale will raise a minimum of Â£1 billion (US$ 1.92 billion) over the coming two years. o Marriott International added 27 hotels and timeshare units (4,525 rooms) to its portfolio during the first quarter of 2005. o Marriott is planning to open 19 properties by end-2006 in the Asia-Pacific-Australia region, with the opening of resorts in Fiji and China, along with its first hotels in Taiwan and New Zealand.