Hotels and Online Travel Site Companies Announce Financial Results, New Contests, and Improved Services - Research Report on Expedia, Starwood, Ctrip, Hyatt, and Intercontinental Hotels
NEW YORK, August 13, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Expedia Inc. (NASDAQ: EXPE), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Ctrip.com International Ltd. (NASDAQ: CTRP), Hyatt Hotels Corporation (NYSE: H), and Intercontinental Hotels Group PLC (NYSE: IHG). 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 31, 2013, Expedia Inc. (Expedia) announced that Hotels.com is conducting a contest, Sleep. Dream. Win. Sweepstakes, that offers a chance to travelers to go on a dream-like vacation of their own. According to the Company, consumers who share their wildest dreams on http://www.SleepDreamWin.com will enter the contest to win a stay at a dreamy hotel of their choice, courtesy of the Hotels.com Welcome Rewards loyalty program, and could also win other great prizes. The Company further stated that ten winners will receive prizes of two free hotel nights, up to $250 each. Participants whose dreams are selected on the site will also be upgraded to Welcome Rewards Gold status, which will grant them access to exclusive deals, early access to promotions on Hotels.com and more. Expedia informed that the contest will run until August 29, 2013. 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/2013-08-06/EXPE]
Starwood Hotels & Resorts Worldwide Inc. Research Report
On August 6, 2013, Starwood Hotels & Resorts Worldwide Inc. (Starwood) announced the launch of a series of initiatives to meet the needs of travelers from India, one of the world's fastest growing travel markets. As per Starwood, the newest addition to the Starwood Personalized Travel program will offer a variety of simple, yet meaningful touches that matter most to the Indian guest including in-room amenities such as slippers and tea kettles, popular beverages such as masala tea and favorite breakfast items like Dosa, Poori and Paratha. The Company also informed that the Starwood properties carrying the new features include the Sheraton Centre Toronto, Le Méridien Ile Maurice, Mauritius, W Barcelona, Sheraton Macau Hotel Cotai Central and The St. Regis Florence. Starwood further stated that this program, launched in 2011, will continue to expand over the next few years to accommodate travelers from other rapidly expanding regions. 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/2013-08-06/HOT]
Ctrip.com International Ltd. Research Report
On July 31, 2013, Ctrip.com International Ltd. (Ctrip) reported its financial results for Q2 2013. Net revenue of the Company increased 27.8% YoY to RMB1.2 billion ($202.8 million). Net income was RMB188.1 million or RMB5.88 per diluted share, compared to net income of RMB121.5 million or RMB3.26 per diluted share in Q2 2012. Commenting on the results, Ctrip CEO and Chairman of the Board, James Liang, said, "We are pleased to report strong results in the second quarter of 2013. Mobile Internet is changing the travel industry rapidly and our mobile strategy builds upon Ctrip's one-stop travel platform that features comprehensive products, industry leading service quality, and competitive prices. Transactions from Ctrip mobile channels tripled year-over-year in the second quarter and contributed to over 20% of hotel booking and approximately 15% of air ticket booking. We are excited to embrace the changes in the travel industry in China and will endeavor to create more value for our business partners and customers in an innovative fashion." The Full Research Report on Ctrip.com International Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/CTRP]
Hyatt Hotels Corporation Research Report
On July 31, 2013, Hyatt Hotels Corporation (Hyatt) reported its financial results for Q2 2013. The Company's total revenue increased 7.7% YoY to $1.1 billion. Net income of $112.0 million or $0.70 per diluted share, was higher compared to net income of $39.0 million or $0.24 per diluted share in Q2 2012. Commenting on the results, President and Chief Executive Officer, Mark S. Hoplamazian, said, "Our second quarter of 2013 reflected ongoing positive trends in transient demand at U.S. hotels and strong average daily rate progression. Since the beginning of the year, we have executed on our strategy of expanding in new and attractive markets by opening a total of 24 hotels in the United States, India, France, China and South Korea. Eleven of these openings were conversions of existing hotels and drove strong fee growth in the quarter." The Full Research Report on Hyatt Hotels Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/H]
Intercontinental Hotels Group PLC Research Report
On August 6, 2013, Intercontinental Hotels Group PLC (Intercontinental Hotels) reported its financial results for Q2 2013. The Company's revenue increased 6.6% YoY to $936 million. Operating profit also increased to $338 million from $281 million in Q2 2012. Commenting on the results, CEO of InterContinental Hotels, Richard Solomons, said, "We have delivered a good performance in the first half, with our preferred brands driving RevPAR growth of 3.7%, including 4.0% in the second quarter. Our global scale has allowed us to reinvest in the business whilst growing margins, resulting in solid underlying profit gains led by our Americas region, and strong cash flows." The Full Research Report on Intercontinental Hotels Group PLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/IHG]
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
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 Investors' Reports