Nomura Securities Weekly Lodging Update: Upper Upscale +10.9% (MAR, H, HOT, HST)
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Price: $244.70 +2.09%
Rating Summary:
15 Buy, 22 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
15 Buy, 22 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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Nomura Securities Weekly Lodging Update: Upper Upscale +10.9%
Analyst, Harry Curtis, said, "otal U.S. RevPAR grew 8.3% for the week ended 9/1/2012, with a modest boost from lapping hurricane Irene last year. The chain segments that most resemble the businesses of Marriott (NYSE: MAR), Hyatt (NYSE: H), Starwood (NYSE: HOT) and Host Hotels (NYSE: HST) outperformed this week. Luxury RevPAR was up +11.9%, upper upscale rose +10.9%, and upscale grew +9.7%. Over the past 28 days, total U.S. is up 8.6% and upper upscale is +8.4%. U.S. RevPAR is improving as the 3Q progresses and is now up 6.3% (upper upscale +6.3%); it is important to remember that 3Q results are heavily weighted toward September, which accounts for nearly 40% of the quarter. Our recent checks indicate that U.S. RevPAR should continue to accelerate from the traditionally weaker summer period. We continue to expect 2H12 RevPAR of ~6.5% across our coverage universe."
Analyst, Harry Curtis, said, "otal U.S. RevPAR grew 8.3% for the week ended 9/1/2012, with a modest boost from lapping hurricane Irene last year. The chain segments that most resemble the businesses of Marriott (NYSE: MAR), Hyatt (NYSE: H), Starwood (NYSE: HOT) and Host Hotels (NYSE: HST) outperformed this week. Luxury RevPAR was up +11.9%, upper upscale rose +10.9%, and upscale grew +9.7%. Over the past 28 days, total U.S. is up 8.6% and upper upscale is +8.4%. U.S. RevPAR is improving as the 3Q progresses and is now up 6.3% (upper upscale +6.3%); it is important to remember that 3Q results are heavily weighted toward September, which accounts for nearly 40% of the quarter. Our recent checks indicate that U.S. RevPAR should continue to accelerate from the traditionally weaker summer period. We continue to expect 2H12 RevPAR of ~6.5% across our coverage universe."
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