Growing Popularity of Mobile Apps, New Hotel Openings, Upcoming Earnings Schedules, and Financial Results - Research Report on Expedia, Ctrip.com, Starwood, Wyndham Worldwide, and Hyatt
NEW YORK, November 1, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Expedia Inc. (NASDAQ: EXPE), Ctrip.com International Ltd. (NASDAQ: CTRP), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Wyndham Worldwide Corporation (NYSE: WYN), and Hyatt Hotels Corporation (NYSE: H). 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 October 24, 2013, Expedia Inc. (Expedia) reported results from data collected by Hotels.com, an online accommodation booking brand that connects travelers with properties around the world through the Company's global network of websites. According to the data compiled, Hotels.com has had over 20 million downloads of its mobile hotel booking app since 2011, proving that millions of people are adapting to the mobile way of life. In addition, the data showed that 60% of mobile bookings during H1 2013 were made for same-day check-in, while 68% of bookings were made within two days of check-in. The data also found that rooms booked via mobile were not intended for long stays but rather short getaways or spontaneous trips, with 70% of rooms booked for one-night stays, and 89% of rooms booked for two-night or one-night stays. In addition, the data revealed that Las Vegas was the top destination booked via mobile, followed by New York City, Orlando, San Diego, and Houston. 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.analystscorner.com/r/full_research_report/87a7_EXPE]
Ctrip.com International Ltd. Research Report
On October 22, 2013, Ctrip.com International Ltd. (Ctrip.com) announced that it will release its Q3 2013 results on November 5, 2013, US Time, after the market closes. The Company stated that its management team will host a conference call at 7:00 p.m. ET on November 5, 2013 (or 8:00 a.m. on November 6, 2013 in the Shanghai/Hong Kong Time) , which may be viewed via a webcast through the Company's website. 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.analystscorner.com/r/full_research_report/f354_CTRP]
Starwood Hotels & Resorts Worldwide Inc. Research Report
On October 24, 2013, Starwood Hotels & Resorts Worldwide Inc. (Starwood) reported its financial results for Q3 2013. Revenue decreased 6.4% YoY to $398 million. Net income attributable to Starwood was $157 million or $0.81 per diluted share, compared to net income of $170 million or $0.87 per diluted share in Q3 2012. Commenting on the results, Starwood CEO Frits van Paasschen said, "We delivered solid results in the face of an uncertain global economic environment. Globally, REVPAR grew by 4.7% in constant dollars, and our core management and franchise fees increased by 9.7%. In North America, where occupancies remained at all-time highs, REVPAR increased by 6.9% at our Company-Operated hotels. Our owned hotels in North America showed healthy margin increases fueled by 8.5% constant dollar REVPAR growth and ongoing cost controls." 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.analystscorner.com/r/full_research_report/8c9b_HOT]
Wyndham Worldwide Corporation Research Report
On October 23, 2013, Wyndham Worldwide Corporation (Wyndham Worldwide) reported its financial results for Q3 2013. Net revenue increased 12.8% YoY to $1.4 billion. Net income was $187 million or $1.40 per diluted share, compared to net income of $159 million or $1.11 per diluted share in Q3 2012. Commenting on the results, Wyndham Worldwide Chairman and CEO Stephen P. Holmes said, "Results for the quarter were excellent, with adjusted EPS growth of 25% and strong performance in each of our business units. Wyndham Hotel Group continues to expand its international footprint, Wyndham Exchange & Rentals is benefiting from recent innovations, and Wyndham Vacation Ownership continues to transform the business to an asset-light model. Overall, we have great momentum across the company, which when combined with our disciplined capital allocation strategy, will continue to create value for shareholders." The Full Research Report on Wyndham Worldwide Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a674_WYN]
Hyatt Hotels Corporation Research Report
On October 16, 2013, Hyatt Hotels Corporation (Hyatt) announced the opening of Hyatt Place Daytona Beach-Oceanfront, the first oceanfront Hyatt Place hotel. The new 10-story location in Daytona Beach marks the 19th Hyatt Place hotel in the state and joins other leisure destinations for the brand such as Honolulu, Hawaii; Scottsdale, Arizona; Carlsbad, California; Dewey Beach, Delaware; and Coconut Point, West Palm Beach and Delray Beach in Florida. The Company stated that Hyatt Place Daytona Beach-Oceanfront is situated directly on the beautiful Daytona Beach Shores and is only 10 minutes from Interstate 95, providing easy access to the Daytona International Speedway, Daytona Beach Pier and Boardwalk, Daytona Lagoon Waterpark, Jackie Robinson Ballpark, the Halifax Historical Museum, and the Ocean Walk Shoppes and Movies. 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.analystscorner.com/r/full_research_report/fc98_H]
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