JANUARY 2011 DLA PIPER 2011 HOSPITALITY OUTLOOK SURVEY
|
|
- Brooke Lloyd
- 5 years ago
- Views:
Transcription
1 JANUARY 2011 DLA PIPER 2011 HOSPITALITY OUTLOOK SURVEY
2 EXECUTIVE SUMMARY Buoyed by the rebound of the US economy and an increasing number of hotel assets that traded hands in 2010, the bears have reversed course in dramatic fashion as the overwhelming majority of hospitality executives now hold a bullish view of the marketplace for According to the DLA Piper 2011 Hospitality Outlook Survey, expectations for the continued recovery of the US economy and increased business travel have generated a renewed and surprisingly robust sense of optimism. For the first time in three years, the overwhelming majority of respondents expect that hotel asset values will increase in the coming year, presenting the best buying opportunity since the recession. Seizing this opportunity, respondents believe that cash-heavy REITs and private equity investors will be the most active investors in Meanwhile, respondents are increasingly confident that their hotel debt will be refinanced or restructured in On the operational side, guest input through the use of social media is playing an increasing role in hotel management as consumers more frequently rely on guest experiences, not brand loyalty, to make booking decisions. HIGHLIGHTS OF DLA PIPER S 2011 HOSPITALITY OUTLOOK SURVEY INCLUDE: 88 percent of respondents describe their 12-month outlook for the US hospitality industry as bullish, nearly tripling the bullish sentiment from percent of respondents expect hotel asset values to rise during the next year, compared with only 20 percent of respondents in out of 10 respondents believe that market conditions have created good buying opportunities for well-capitalized investors, led by opportunities in the upscale and luxury sectors. Respondents expect REITs (51 percent) and private equity (40 percent) investors to dominate the US hospitality investment landscape in percent of respondents expect that their hotel debt will be refinanced or restructured in 2011 up from 31 percent in percent of respondents report that TripAdvsior and other social media, including Twitter and Facebook, have changed the way they interact with guests. Despite a heightened sense of bedbug paranoia among travelers across the country, the overwhelming majority of respondents (85 percent) report that fears over bedbugs did not negatively impact their operations in the past year. The majority of respondents (65 percent) expect China to continue its dominance as the largest foreign investor in the US hospitality industry. DLA Piper LLP (US) 1
3 VERBATIMS Respondents were asked to share their thoughts on the following in an open forum for comment and feedback. The following represent select verbatims received from survey respondents. Has the popularity of TripAdvisor and other social media websites (i.e., Twitter, Facebook, etc.) changed the way your organization interacts with guests? If so, please explain how. We are monitoring and rewarding our management teams on achieving high performance on these sites. We know the consumer is using them to make travel purchase decisions. More reliance on past guest experiences than on brand. Making brands less important for travelers making booking decisions. If you are not contacting your guests through these new direct sales portals, you are missing the boat. Brands have less impact on relationship between guest and property. Social media give us the chance to speak directly to our customers in an unvarnished and nonthreatening environment. It is the booking engine of the future. One more guest relations channel that must be monitored and managed. Social media is becoming full-time position at a hotel. Can t afford not to monitor and respond to all comments. Directing satisfied guests to TripAdvisor (or similar). We spend a lot of time managing TripAdvisor. It has raised awareness about service delivery, communication, and delivering on the promise made. There is more accountability whether to actual or perceived problems. It can t be ignored. Social media is replacing customer satisfaction surveys as the primary mechanism by which guests provide feedback, and it s both instantaneous and shared with the world. DLA Piper LLP (US) 2
4 1. HOW WOULD YOU DESCRIBE YOUR 12-MONTH OUTLOOK FOR THE US HOSPITALITY INDUSTRY? Bullish % Bearish % Total Responses % 40% 60% 80% 100% On the heels of an increasing number of hotel deals in 2010 and steadying hotel fundamentals, bullish sentiment shot up to 88 percent from 32 percent in WHAT IS THE PRIMARY REASON FOR YOUR CONFIDENCE? Expected rebound of US economy % Increased business travel % Foreign investment in the US market % Investment opportunities created by the financial crisis Abundance of equity capital available for investment % % Total Responses 88 20% 40% 60% 80% 100% The majority of bullish respondents attribute their confidence to the expected rebound of the US economy (49 percent) and increased business travel (28 percent). Signaling the velocity of the current economic recovery, only 9 percent of respondents still view investment opportunities created by the financial crisis as their primary reason for optimism, down sharply from 47 percent in Note: This question was only made available to those respondents who described their outlook as bullish. DLA Piper LLP (US) 3
5 3. WHAT IS THE PRIMARY REASON FOR YOUR LACK OF CONFIDENCE? Struggling US economy % Lack of liquidity (debt or equity) % Current operating performance of hotels % Time and cost restraints of hotels % Reduced business travel 0 0% Total Responses 12 20% 40% 60% 80% 100% For the third consecutive year, the struggling US economy (82 percent) remained the top concern of bearish respondents but, as noted earlier, the bears are clearly in retreat. Note: This question was only made available to those respondents who described their outlook as bearish. 4. DO YOU BELIEVE THAT HIGHLY PUBLICIZED CONCERNS OVER HOTEL BEDBUGS HAVE NEGATIVELY IMPACTED YOUR OPERATIONS DURING THE PAST YEAR? Yes % No % Total Responses % 40% 60% 80% 100% Despite grabbing headlines around the country and capturing the imaginations of travelers, the overwhelming majority of respondents (85 percent) report that fears over bedbugs did not impact their operations in the past year DLA Piper LLP (US) 4
6 5. HAS THE POPULARITY OF TRIPADVISOR AND OTHER SOCIAL MEDIA WEBSITES (I.E., TWITTER, FACEBOOK, ETC.) CHANGED THE WAY YOUR ORGANIZATION INTERACTS WITH GUESTS? Yes % No % Total Responses 97 20% 40% 60% 80% 100% The majority of respondents (69 percent) report that TripAdviors and other social media, including Twitter and Facebook, have changed the way they interact with guests. 6. WHICH SEGMENT OF TRAVELERS WILL BE MOST RESPONSIBLE FOR THE GROWTH OF THE US HOSPITALITY INDUSTRY IN 2011? General corporate/business % Leisure % Group % Conference % Total Responses 99 20% 40% 60% 80% 100% Consistent with the responses to Question No. 2 that business travel will increase in 2011, the majority of respondents (73 percent) believe that corporate/business travelers will serve as the key driver of growth for the US hospitality industry in WHERE DO YOU THINK HOTEL ASSET VALUES ARE HEADED DURING THE NEXT 12 MONTHS? Up % No significant change % Down % Total Responses % 40% 60% 80% 100% Reflective of respondents renewed optimism, 82 percent of respondents expect that hotel asset values will rise during the next year, compared with only 20 percent of respondents in In the span of three years, respondents have ridden the hotel asset rollercoaster back to the top as expectations have reached a three-year high. In 2009, 86 percent of respondents thought asset values would drop, compared with only 1 percent in DLA Piper LLP (US) 5
7 8. WHICH SECTOR OF THE HOSPITALITY INDUSTRY REPRESENTS THE MOST ATTRACTIVE OPPORTUNITY FOR INVESTORS IN THE NEXT 12 MONTHS? Economy/budget % Midscale % Upscale % Luxury % Resorts % Mixed-use/branded residential 0 0% Total Responses 99 20% 40% 60% 80% 100% For the second consecutive year, respondents rank the upscale sector as the most attractive investment opportunity (46 percent), while the luxury sector (24 percent) overtook the midscale sector (14 percent) as the second-best choice for investors in FOR WELL-CAPITALIZED INVESTORS, DO YOU THINK CURRENT MARKET CONDITIONS HAVE NOW CREATED GOOD BUYING OPPORTUNITIES? Yes % No % Total Responses 99 20% 40% 60% 80% 100% Nearly 9 out of 10 respondents (89 percent) believe that market conditions have created good buying opportunities for well-capitalized investors, up from 76 percent in DLA Piper LLP (US) 6
8 10. WHAT TYPES OF INVESTORS DO YOU EXPECT TO BE MOST ACTIVE IN THE US HOSPITALITY INDUSTRY IN THE COMING YEAR? Foreign investors % Insurance companies 0 0% Pension funds % Private equity % REITs % Other (please specify) % Total Responses 98 20% 40% 60% 80% 100% Flush with war chests full of cash for the first time in several years, the majority of respondents expect that REITs (51 percent) and private equity (40 percent) investors will be the two most active investors in the in the US hospitality industry. Consequently, respondents expect that foreign investment activity will curtail significantly, dropping from 21 percent in 2010 to 8 percent in WHAT TYPES OF LENDERS DO YOU EXPECT TO BE THE MOST ACTIVE IN THE US HOSPITALITY INDUSTRY IN THE COMING YEAR? Commercial banks % Hedge funds % Investment banks % Mutual insurance/assurance companies % Pension funds % Other (please specify) % Total Responses 96 20% 40% 60% 80% 100% In line with 2010, respondents again expect investment banks (34 percent), commercial banks (27 percent) and hedge funds (15 percent) to be the three most active lenders in the US hospitality industry. DLA Piper LLP (US) 7
9 12. DO YOU EXPECT YOUR ORGANIZATION TO REFINANCE OR RESTRUCTURE ITS HOTEL DEBT IN THE NEXT 12 MONTHS? Yes % No % Not applicable % Total Responses 97 20% 40% 60% 80% 100% Illustrating the increased availability of debt financing, 37 percent of respondents expect that their hotel debt will be refinanced or restructured in 2011 up from 31 percent in WHICH REGION REPRESENTS THE MOST ATTRACTIVE OPPORTUNITY FOR OUTBOUND US INVESTORS IN THE NEXT 12 MONTHS? Brazil % China % Eastern Europe % India % Mexico % Middle East % Russia % Western Europe % Total Responses 90 20% 40% 60% 80% 100% According to respondents, Brazil, China and India remain the three most attractive markets for outbound US investors for the second consecutive year. DLA Piper LLP (US) 8
10 14. WHICH REGION WILL BE THE LARGEST INBOUND FOREIGN INVESTOR IN THE UNITED STATES DURING THE NEXT 12 MONTHS? Brazil % China % Eastern Europe 0 0% India % Mexico % Middle East % Russia % Western Europe % Total Responses 93 20% 40% 60% 80% 100% China continues to be a rising dragon with 65 percent of respondents anticipating that China will be the largest inbound foreign investor in the United States during the next 12 months, up from 60 percent in BETWEEN THE UNITED STATES AND WESTERN EUROPE, WHICH REGION S HOSPITALITY INDUSTRY DO YOU THINK IS SHOWING SIGNS OF A FASTER RECOVERY? United States % Western Europe % Total Responses 97 20% 40% 60% 80% 100% By a large margin, respondents believe that the US hospitality industry (85 percent) is outpacing the recovery of Western Europe (16 percent), compared with only 47 percent of respondent who felt the same in DLA Piper LLP (US) 9
11 METHODOLOGY In January of 2011, DLA Piper distributed a survey via to top executives within the hospitality industry, including CEOs, COOs, CFOs and other senior executives, which was completed by 101 respondents. Question No. 2 was only made available to those respondents who described themselves as bullish in Question No. 1. Question No. 3 was only made available to those respondents who described themselves as bearish in Question No. 1. Due to rounding, all percentages used in all questions may not add up to 100 percent. DLA Piper LLP (US) 10
12 CONTACTS For a copy of the complete results for DLA Piper s 2010 Hospitality Outlook Survey, please visit and search Hospitality and Leisure or contact one of the following: Sandra Kellman Global Co-chair and Head of Hospitality & Leisure Group US, DLA Piper T Brian Kiefer Media Relations, Greentarget T DLA Piper LLP (US) 11
JANUARY 2010 DLA PIPER 2010 HOSPITALITY OUTLOOK SURVEY
JANUARY 2010 DLA PIPER 2010 HOSPITALITY OUTLOOK SURVEY EXECUTIVE SUMMARY Faced with a marketplace still struggling to regain its footing, the majority of hospitality executives remain bearish, but bullish
More informationJANUARY 2013 DLA PIPER 2013 HOSPITALITY OUTLOOK SURVEY
JANUARY 2013 DLA PIPER 2013 HOSPITALITY OUTLOOK SURVEY EXECUTIVE SUMMARY Despite political gridlock in Washington DC, and some concerns about economic growth, an extraordinary number of US hospitality
More informationGovernment Affairs and Economic Outlook
Government Affairs and Economic Outlook SURVEY A REPORT PRESENTED BY DLA PIPER MAY 15, 2008 DLA Piper u s llp 00973 Dear friends: As you know, the coming months represent a critical period for US businesses
More informationGlobal Capital Confidence Barometer Korea
8th issue Outlook April-October 2013 Global Capital Confidence Barometer Korea A more cautious local outlook The Korea story About this survey The Global Capital Confidence Barometer is a regular survey
More informationHOTEL LENDING SURVEY 2018 EUROPEAN. Peter Szabo Associate. Simon Hultén Analyst. HVS.com HVSHWE.com
2018 EUROPEAN HOTEL LENDING SURVEY Peter Szabo Associate Simon Hultén Analyst HVS.com HVSHWE.com HVS London and HVS Hodges Ward Elliott 7-10 Chandos Street, London W1G 9DQ Highlights The headwinds from
More informationJones Lang LaSalle ULI Investor Sentiment Survey
ULI Investor Sentiment Survey 3Q 2010 Page 1 Jones Lang LaSalle ULI Investor Sentiment Survey Results: 3Q 2010 ULI Investor Sentiment Survey 3Q 2010 Page 2 Jones Lang LaSalle Investor Sentiment Survey
More informationFinding growth in an uncertain world. The growth outlook from PwC s 21st CEO Survey
Finding growth in an uncertain world The growth outlook from PwC s 21st CEO Survey pwc.co.nz/ceosurvey2018 2 PwC s 21st CEO Survey Executive summary It s been an eventful start to 2018. Many of us are
More informationGrowing forward. Automotive industry. About this survey. Automotive survey highlights: Pip McCrostie Global Vice Chair, Transaction Advisory Services
7th issue Outlook April 2013 October 2013 Automotive industry Growing forward About this survey Ernst & Young s is a regular survey of senior executives from large companies around the world, conducted
More informationCEOs Less Optimistic about Global Economy for 2015
Press Release Date 22 January 2014 Contact Vu Thi Thu Nguyet Tel: (04) 3946 2246, Ext. 4690; Mobile: 0947 093 998 E-mail: vu.thi.thu.nguyet@vn.pwc.com Pages 6 CEOs Less Optimistic about Global Economy
More information2017 Caribbean Hospitality Financing Survey
2017 Caribbean Hospitality Financing Survey Travel, Leisure & Tourism April 2017 1 2017 Caribbean Hospitality Financing Survey 2017 Caribbean Hospitality Financing Survey 2 Introduction We are delighted
More informationCommercial real estate investors came
A Special Research Report Déjà vu: Investor Sentiment Resets to Pre-Tax Reform Levels Investors are confident about property performance outlook, even as they prepare for a rising interest rate climate.
More informationGlobal Investor Sentiment Survey
2014 Global Investor Sentiment Survey K E Y I N S I G H T S About the Survey The Franklin Templeton Global Investor Sentiment Survey, conducted by ORC International, included responses from 11,113 individuals
More informationCFO OUTLOOK 2018 MIDDLE MARKET
CFO OUTLOOK 2018 MIDDLE MARKET TABLE OF CONTENTS Summary and Key Findings...1 Growth in the Current Environment...2 Emerging Trends...6 An Increasingly Evolving Role...10 SUMMARY AND KEY FINDINGS We are
More informationThe money in motion opportunity. Capturing the opportunities for increasing assets and enhancing relationships as investors move into retirement
The money in motion opportunity Capturing the opportunities for increasing assets and enhancing relationships as investors move into retirement Look for the other publications in this series: Goals-based
More informationThe global economy in Grant Thornton International Business Report
Grant Thornton International Business Report 2014 in numbers Drawing on data and insight from the Grant Thornton International Business Report (IBR), the Economist Intelligence Unit (EIU) and the International
More informationJ. Walker Smith Executive Chairman Follow jwalkersmith on Twitter
J. Walker Smith Executive Chairman 2010 The Futures Company Unlocking Futures Global Energies Global Streetscapes Future-facing research Activation workshops Embedding platforms for innovation & communication
More informationAICPA Business & Industry U.S. Economic Outlook Survey 4Q 2014
AICPA Business & Industry U.S. Economic Outlook Survey 4Q 2014 The CPA Outlook Index The CPA Outlook Index (CPAOI) is a broad-based indicator of the strength of US business activity and economic direction
More informationPRESS RELEASE Thursday, 11 December Annual Results. A strategy validated by a further improvement in operating profitability
PRESS RELEASE Thursday, 11 December 2008 2008 Annual Results A strategy validated by a further improvement in operating profitability 2006 2007 2008 Revenue ( m) 1,370 1,410 1,494 Clients (000 s) 1,328
More informationSpecial Feature 2011 broker sentiment poll
62 survey says 63 CMP presents our third cross-canada broker sentiment poll to gauge what s on brokers minds. Some of the results may surprise, while others simply confirm what brokers already know The
More informationGlobal Investor Sentiment Survey
2014 Global Investor Sentiment Survey K E Y I N S I G H T S - G L O B A L Our results indicate that by many measures investors are optimistic about the year ahead. Following 2013, a year that saw the global
More informationTable of Contents. Topic 1: Marketplace Dynamics
Table of Contents Topic 1: Marketplace Dynamics Overall Economy and Company 1 Are you more or less optimistic about the U.S. economy compared to last quarter? 2 Rate your optimism about the U.S. economy
More information2018 FOURTH QUARTER. March 5, 2019
2018 FOURTH QUARTER March 5, 2019 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws, including statements about anticipated
More informationHenkel reports strong performance in third quarter
Investor Relations News November 12, 2013 Significant increase in earnings and profitability Henkel reports strong performance in third quarter Solid organic sales growth of 4.2% Sales impacted by foreign
More informationEmerging Markets Equities VALUE COULD EXTEND THE EMERGING MARKETS RALLY
PRICE POINT December 2017 Timely intelligence and analysis for our clients. Emerging Markets Equities VALUE COULD EXTEND THE EMERGING MARKETS RALLY KEY POINTS Emerging markets (EM) equities have extended
More informationVisa s International Financial Literacy
Visa s International Financial Literacy BAROMETER 2012 Introduction Visa wanted to gauge the strength and weaknesses of financial education worldwide in order to identify opportunities for improvement.
More informationSEPTEMBER 2016 PIPA Annual Investor Sentiment Survey PROPERTY INVESTMENT PROFESSIONALS OF AUSTRALIA
SEPTEMBER 2016 PIPA Annual Investor Sentiment Survey PROPERTY INVESTMENT PROFESSIONALS OF AUSTRALIA Introduction Much has happened since we published our last PIPA Annual Investor Sentiment Survey in late
More information2013 M&A Outlook Survey
presented by 2013 M&A Outlook Survey Executives Expect M&A Market to be Active in the Year Ahead kpmg.com A special supplement to Mergers & Acquisitions 1 M&A Outlook Survey Executives Believe that M&A
More informationHotel Investment Outlook Pushing Forward
Hotel Investment Outlook 218 Pushing Forward Hotel Investment Outlook 218 2 Healthy global economy re-energises growth cycle With improving economic indicators in the U.S. and Western Europe, alongside
More informationMezzanine financing for hospitality property owners
Mezzanine financing for hospitality property owners Received: 4 August 2003 Adam F. Weissenberg is a partner in the Deloitte & Touche LLP s Tri-State Hospitality and Real Estate Services Group and the
More informationSTARWOOD REPORTS FOURTH QUARTER 2014 RESULTS AND DECLARES FIRST QUARTER DIVIDEND OF $0.375 PER SHARE
Investor Contact Stephen Pettibone 203-351-3500 Media Contact KC Kavanagh 866-478-2777 One StarPoint Stamford, CT 06902 United States STARWOOD REPORTS FOURTH QUARTER 2014 RESULTS AND DECLARES FIRST QUARTER
More informationCLSA Asia Investors Forum Las Vegas, February 2009
Online Magazines Trade shows Research (NASDAQ-GS: GSOL) CLSA Asia Investors Forum Las Vegas, February 2009 Merle A. Hinrichs Chairman & CEO Safe Harbor This presentation contains forward-looking statements
More informationMortgage Lender Sentiment Survey
Mortgage Lender Sentiment Survey Consumers Still Value the Human Touch Lenders channel strategies vs. consumer preferences Q3 2017 Topic Analysis Published October 30, 2017 2017 Fannie Mae. Trademarks
More informationReal Estate Assets Investment Trend Indicator
Real Estate Assets Investment Trend Indicator Belgium 2014 Under embargo till Monday 13 January 8am Agenda Real Estate Assets Investment Trend Indicator Belgium 2014 About the trend indicator 2014 Market
More informationDunkin Brands Group, Inc.
Dunkin Brands Group, Inc. Investor Presentation Jefferies Consumer Conference Nigel Travis Chairman & CEO 1 Forward-Looking Statements Certain information contained in this presentation, particularly information
More informationSTARWOOD REPORTS SECOND QUARTER 2013 RESULTS
Investor Contact Stephen Pettibone 203-351-3500 Media Contact KC Kavanagh 866-478-2777 One StarPoint Stamford, CT 06902 United States STARWOOD REPORTS SECOND QUARTER 2013 RESULTS STAMFORD, Conn. (July
More information2Q Middle Market Indicator
2Q 2014 Middle Market Indicator Middle Market Indicator from The National Center for the Middle Market The Middle Market Indicator (MMI) from The National Center for the Middle Market is a quarterly business
More informationREPORT FROM THE BUY SIDE: THE POWER OF INTANGIBLE FACTORS ON INVESTMENT DECISIONS
REPORT FROM THE BUY SIDE: THE POWER OF INTANGIBLE FACTORS ON INVESTMENT DECISIONS BACKGROUND & METHODOLOGY This research was conducted to determine how, and the extent to which, communications influence
More informationInvestor PRESENTATION. November Conrad Bora Bora Nui, French Polynesia
Investor PRESENTATION November 2017 Conrad Bora Bora Nui, French Polynesia HLT VALUE PROPOSITION Hilton's scale, global presence and leading brands at multiple price points drive a network effect delivering
More informationGlobal Helicopter Forecast
Global Helicopter Forecast C&P untapped demand is rising Key world economies are still underequipped TOP 10 Countries in 2016 ( H/C fleet in service) U.S.A. Russia Canada Brazil Australia United Kingdom
More informationMay th edition Capital Confidence Barometer. Hospitality and leisure. 86 respondents
May 2015 12th edition Capital Confidence Barometer Hospitality and leisure 86 respondents About the Barometer EY s Capital Confidence Barometer is a regular survey of senior executives from large companies
More informationGlobal Construction 2030 Expo EDIFICA 2017 Santiago Chile. 4-6 October 2017
Global Construction 2030 Expo EDIFICA 2017 Santiago Chile 4-6 October 2017 Graham Robinson Global Construction Perspectives Global Construction 2030 is the fourth in a series of global studies of the construction
More informationGBTA BTI Outlook: Brasil
GBTA BTI Outlook: Brasil 2 nd Half - 2016 Agenda GBTA BTI Outlook Brazil: Overview Methodology GBTA BTI : Global Context Brazil Business Travel Spending Details 2 Overview In 2017, completed 8 th Global
More informationINVESTMENT MANAGER SURVEY REPORT FOURTH QUARTER 2011
INVESTMENT MANAGER SURVEY REPORT FOURTH QUARTER 11 MANAGERS MORE OPTIMISTIC ON U.S. OUTLOOK; DEBT CRISIS OVERHANGS EUROPE December 11 Christopher Vella, CFA Chief Investment Officer Northern Trust Global
More informationCan complex geopolitical uncertainty and record M&A coexist?
Can complex geopolitical uncertainty and record M&A coexist? Despite policy uncertainties, companies are giving the green light to deals in the search for growth. Global Capital Confidence Barometer June
More informationInvestor. Presentation. February The Diplomat Beach Resort Hollywood, Curio Collection by Hilton
Investor Presentation February 2019 The Diplomat Beach Resort Hollywood, Curio Collection by Hilton HLT VALUE PROPOSITION Hilton's scale, global presence and leading brands at multiple price points drive
More informationJefferies Healthcare Temperature Check
Jefferies Healthcare Temperature Check Diagnostics Biotechnology Consumer Health Pharmaceutical Services Medical Technology Pharmaceuticals Healthcare Services Healthcare IT Genetics This research was
More informationConfidence. stakeholders. In so doing, we play a critical role in building a Daniel Serventi
Brazil EY Assurance Tax Transactions Advisory Capital For a conversation about your About EY capital strategy, please contact us EY is a global leader in assurance, tax, transaction and advisory services.
More informationSTARWOOD REPORTS SECOND QUARTER 2011 RESULTS
CONTACT: Jason Koval (914) 640-4429 FOR IMMEDIATE RELEASE July 28, 2011 STARWOOD REPORTS SECOND QUARTER 2011 RESULTS WHITE PLAINS, NY, July 28, 2011 Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)
More informationQ RESULTS AMSTERDAM, 23 JULY 2014 WOLFGANG M. NEUMANN, PRESIDENT & CEO KNUT KLEIVEN, DEPUTY PRESIDENT & CFO. Radisson Blu Hotel, Amsterdam
Q2 2014 RESULTS AMSTERDAM, 23 JULY 2014 WOLFGANG M. NEUMANN, PRESIDENT & CEO KNUT KLEIVEN, DEPUTY PRESIDENT & CFO Radisson Blu Hotel, Amsterdam Timing of Easter and special events negatively impact Q2
More informationSTARWOOD REPORTS FOURTH QUARTER 2011 RESULTS
CONTACT: Jason Koval (203) 351-3500 FOR IMMEDIATE RELEASE February 2, 2012 STARWOOD REPORTS FOURTH QUARTER 2011 RESULTS STAMFORD, CT, February 2, 2012 Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT)
More informationSTARWOOD REPORTS THIRD QUARTER 2011 RESULTS
CONTACT: Jason Koval (914) 640-4429 FOR IMMEDIATE RELEASE October 27, 2011 STARWOOD REPORTS THIRD QUARTER 2011 RESULTS WHITE PLAINS, NY, October 27, 2011 Starwood Hotels & Resorts Worldwide, Inc. (NYSE:
More informationTHE STATE OF THE ECONOMY
THE STATE OF THE ECONOMY ANGELA GUO Portland State University The United States economy in the fourth quarter of 2013 appears to have a more robust foothold pointing to a healthier outlook for 2014. Much
More informationRISK PARITY SOLUTION BRIEF
ReSolve s Global Risk Parity strategy is built on the philosophy that nobody knows what s going to happen next. As such, it is designed to thrive in all economic regimes. This is accomplished through three
More informationInvestor Relations News May 8, Strong earnings growth in first quarter. Henkel reconfirms 2013 guidance
Investor Relations News May 8, 2013 Henkel reconfirms 2013 guidance Strong earnings growth in first quarter Sales rise 0.6% to 4,033 million euros (organic: +2.5%) Adjusted operating profit: +8.9% to 600
More informationOverall M&A Market Commentary
Overall M&A Market Commentary The U.S. economy continues to show strong momentum with 2Q18 GDP growth recorded at 4.2%. The Blue Chip consensus estimate for 3Q18 GDP growth of 3.3% and the Atlanta Fed
More informationEuropean Private Equity Outlook Frankfurt am Main, February 2015
European Private Equity Outlook 2015 Frankfurt am Main, February 2015 Preliminary remarks Our sixth European Private Equity ("PE") Outlook reveals how experts view the market and its development in 2015
More informationAICPA Business & Industry U.S. Economic Outlook Survey 1Q 2014
AICPA Business & Industry U.S. Economic Outlook Survey 1Q 2014 The CPA Outlook Index The CPA Outlook Index (CPAOI) is a broad-based indicator of the strength of US business activity and economic direction
More informationGoldman Sachs 2012 Lodging, Gaming, Restaurant and Leisure Conference. June 5, 2012
Goldman Sachs 2012 Lodging, Gaming, Restaurant and Leisure Conference June 5, 2012 Forward Looking Statements This quarterly report contains forward-looking statements within the meaning of the Private
More informationImpressions from recent interviews with banks and life companies (lifeco)
1 May 19, 2016 INVESTMENT STRATEGY NOTES Nick Majendie, CA Director, Wealth Management ScotiaWealth Senior Portfolio Manager, with responsibility for advising the Anchor Impressions from recent interviews
More informationEdmonton Real Estate Forum. Ron Gilbertson President and CEO Edmonton Economic Development Corporation
Edmonton Real Estate Forum Ron Gilbertson President and CEO Edmonton Economic Development Corporation The Latest Economic News Depression Economic Downturn The Economy What s Going On? Edmonton and Alberta
More informationManpowerGroup Employment Outlook Survey Global
ManpowerGroup Employment Outlook Survey Global 1 19 ManpowerGroup interviewed over 6, employers across 44 countries and territories to forecast labor market activity* in January-March 19. All participants
More informationFORWARD-LOOKING STATEMENTS
WELCOME TO DUBAI 1 FORWARD-LOOKING STATEMENTS These presentations contain forward-looking statements within the meaning of federal securities regulations. These forwardlooking statements generally can
More informationPERNOD RICARD A value-creative business model. Deutsche Bank conference 20 June 2012
PERNOD RICARD A value-creative business model Deutsche Bank conference 20 June 2012 Deutsche Bank conference 20th June 2012 A value-creative business model Spirits within the consumers - TEXT goods universe
More informationInterContinental Hotels Group PLC First Quarter Results to 31 March 2010
InterContinental Hotels Group PLC First Quarter Results to Financial results % change % change CER Total Excluding LDs 1 Total Excluding LDs 1 Revenue 2 $362m $351m 3% 4% 0% 1% Operating profit 2 $83m
More informationAICPA Business & Industry U.S. Economic Outlook Survey 3Q 2014
AICPA Business & Industry U.S. Economic Outlook Survey 3Q 2014 The CPA Outlook Index The CPA Outlook Index (CPAOI) is a broad-based indicator of the strength of US business activity and economic direction
More informationHenkel records strong performance in second quarter
Press Release August 8, 2013 2013 guidance confirmed Henkel records strong performance in second quarter Sales rise 1.9% to 4,286 million euros (organic: +4.0%) Adjusted operating profit: +8.2% to 660
More informationCapital Confidence Barometer
4th Issue Outlook April October 2011 Capital Confidence Barometer Fit for the future? About this survey Ernst & Young s Capital Confidence Barometer is a regular survey of senior executives from large
More information2010 State of the CIO SURVEY. Exclusive Research from CIO magazine
2010 State of the CIO SURVEY Exclusive Research from CIO magazine JANUARY 2011 EXECUTIVE SUMMARY Cost Control and Improving Productivity and Products Are Top of Mind for CIOs in 2011 End-user workforce
More informationSTARWOOD REPORTS SECOND QUARTER 2012 RESULTS
Investor Contact Stephen Pettibone 203-351-3500 Media Contact KC Kavanagh 866-478-2777 One StarPoint Stamford, CT 06902 United States STARWOOD REPORTS SECOND QUARTER 2012 RESULTS STAMFORD, Conn. (July
More informationSodexo: Q1 Fiscal 2019 organic revenue growth in line with expectations Annual objectives maintained
Sodexo: Q1 Fiscal 2019 organic revenue growth in line with expectations Annual objectives maintained Q1 Fiscal 2019 organic revenue growth of +2.6% On-site Services: +2.3% Benefits & Rewards Services:
More informationTHE IMPACT OF SARBANES-OXLEY ON PRIVATE COMPANIES
THE IMPACT OF SARBANES-OXLEY ON PRIVATE COMPANIES NATIONAL DIRECTORS INSTITUTE Presented by: Thomas E. Hartman Foley & Lardner LLP Chicago, Illinois May 19, EXECUTIVE SUMMARY More than three-quarters (7)
More informationSchroders Emerging markets - time for trustees to look again?
Schroders Emerging markets - time for trustees to look again? June 2014 Introduction Jonathan Smith, UK Strategic Solutions Most UK pension schemes already have some exposure to emerging markets (EM),
More informationTAX POLICY FORECAST SURVEY
TAX POLICY FORECAST SURVEY FEBRUARY 2010 Miller & Chevalier Chartered Executive Summary Although Congress and the Administration continue to focus their attention on health care reform and the continuing
More informationSeaWorld Entertainment, Inc. Reports Second Quarter 2014 Results and Announces Share Repurchase Program
SeaWorld Entertainment, Inc. Reports Second Quarter 2014 Results and Announces Share Repurchase Program ORLANDO, Fla., Aug. 13, 2014 SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and
More information2012 Mortgage Consumer Survey
2012 Mortgage Consumer Survey Everything you need to open new doors Key Findings from the 2012 Mortgage Consumer survey Consumers are looking more to the Internet for mortgage information and use of social
More informationMid-Year Market View. The State of the Lodging Industry
Mid-Year Market View The State of the Lodging Industry July 2017 2 Industry in consensus lodging market is stable Steady On Further Upside? At the conclusion of NYU s International Hospitality Industry
More informationSingapore The Future of Retirement Report Generations and journeys
The Future of Retirement Generations and journeys Singapore The Future of Retirement Report Generations and journeys Foreword Approaches to finances Finances in retirement Practical steps Key findings
More informationThe Recent Reduction in Global Macroeconomic Uncertainty
The Recent Reduction in Global Macroeconomic Uncertainty James Bullard President and CEO, FRB-St. Louis Arkansas State University Agribusiness Conference 13 February 2013 Jonesboro, Arkansas Any opinions
More informationFOREIGN INVESTMENT IN U.S. REAL ESTATE Current Trends and Historical Perspective
FOREIGN INVESTMENT IN U.S. REAL ESTATE Current Trends and Historical Perspective Prepared by the Research Division of THE NATIONAL ASSOCIATION OF REALTORS November 2008 Preface Through the early years
More informationInvestor PRESENTATION. November 2018
Investor PRESENTATION November 2018 HLT VALUE PROPOSITION Hilton's scale, global presence and leading brands at multiple price points drive a network effect delivering industry-leading performance HLT
More informationThird Quarter 2015 Earnings Call. October 21, 2015
Third Quarter 2015 Earnings Call October 21, 2015 Forward-Looking Statements This presentation may contain statements, estimates or projections that constitute forward-looking statements as defined under
More informationPNC Investment Perspective
March/April 2014 PNC Investment Perspective Decoupling of Developed and Emerging Markets? Jim Dunigan Mr. Dunigan is Executive Vice President and Managing Executive, Investments for PNC Asset Management
More informationSurvey of Emerging Market Conditions
Survey of Emerging Market Conditions Quarter 4 2008 Published January 20, 2009 Lead Researcher and Analyst Dr. Wayne R. Archer, Executive Director University of Florida Bergstrom Center for Real Estate
More informationJANUARY 2012 THE BEST AND WORST OF TIMES
JANUARY 2012 THE BEST AND WORST OF TIMES It was the best of times. It was the worst of times. So goes the opening line in Charles Dickens classic novel, A Tale of Two Cities. It has become a cliché due
More informationGlobal Travel Service
15 Nov 2018 Global Travel Service Global Highlights, November 2018 Economists Adam Sacks President of Tourism Economics asacks@oxfordeconomics. com David Goodger Director of Tourism Economics dgoodger@oxfordeconomi
More informationFundamental Analysis for PETRONAS GAS BERHAD
Page 1 of 9 Fundamental Analysis for PETRONAS GAS BERHAD Company Name: PETRONAS GAS BERHAD Board: Main Board Stock Code (Bursa): PETGAS FBMKLCI: TRUE Bloomberg: PTG:MK Reuters: PGAS.KL Industry: INDUSTRIAL
More informationHotel Transactions in the New Economy
Hotel Transactions in the New Economy Hank Wolpert hank.wolpert@colliers.com 214.538.6637 The Hotel Market Cycle Moving Along the Road to Recovery Equilibrium ADR Rapid Development Lodging Decline, Leads
More informationT A B L E of C O N T E N T S
INFORMATION SECURITY AND CYBER LIABILITY RISK MANAGEMENT THE FIFTH ANNUAL SURVEY ON THE CURRENT STATE OF AND TRENDS IN INFORMATION SECURITY AND CYBER LIABILITY RISK MANAGEMENT Sponsored by October 2015
More informationCapital Advisory Group Institutional Investor Survey
INSIGHTS Global Capital Advisory Group 2018 Institutional Investor Survey Capital Advisory Group This material is provided by J.P. Morgan s Capital Advisory Group for informational purposes only. It is
More informationCalifornia Travel & Tourism Outlook. April 2018
California Travel & Tourism Outlook April 2018 California travel forecast overview Total visitation to California is forecast to grow 2.9% in 2018, following a 2.0% expansion in 2017. The near-term outlook
More information2015 Mid-Year Viewpoint Lodging Overview
U.S. The national lodging market has continued its positive momentum through the first half of 2015. This can be attributed to a combination of factors, including increased consumer confidence, decreasing
More information... Eye on the Economy August
............................................................................................. Eye on the Economy August 2015.............................................................................................
More informationFRBSF ECONOMIC LETTER
FRBSF ECONOMIC LETTER 2011-10 April 4, 2011 Are Large-Scale Asset Purchases Fueling the Rise in Commodity Prices? BY REUVEN GLICK AND SYLVAIN LEDUC Prices of commodities including metals, energy, and food
More informationPwC M&A 2012 Review and 2013 Outlook 30 January 2013
M&A 212 Review and 213 Outlook 3 January 213 China Beijing Advisory Leader: Nelson Lou Northern China Transaction Services Leader : Leon Qian Foreword explanation of data shown in this presentation (1
More informationImpact of Lodging & Meals Local Option Taxes
Impact of Lodging & Meals Local Option Taxes Prepared by Harwich Chamber of Commerce March 2010 Overview For the past several months the members and board of the Harwich Chamber of Commerce have been engaged
More informationPress release The next GfK Consumer Climate Study will be published on May 24, 2018, 8:00 a.m.
Press release The next GfK Consumer Climate Study will be published on May 24, 2018, 8:00 a.m. April 26, 2018 Rolf Bürkl Phone: +49 911 395 3056 rolf.buerkl@gfk.com Corina Kirchner Tel. +49 911 395 4440
More informationManpowerGroup Employment Outlook Survey Finland
ManpowerGroup Employment Outlook Survey Finland 4 217 The ManpowerGroup Employment Outlook Survey for the fourth quarter 217 was conducted by interviewing a representative sample of 625 employers in Finland.
More informationCapital Confidence Barometer
May 2016 ey.com/ccb 14th edition highlights Capital Confidence Barometer Mexican companies maintain healthy pipelines and increase their focus on alliances to spur growth Key findings 36+64+M 50+50+M 36%
More informationThird-quarter 2018 revenue
PRESS RELEASE Third-quarter 2018 revenue Third-quarter 2018 revenue of 1,076 million, up + 8.3% like-for-like* Full-year 2018 organic revenue growth target raised: above + 8.0% like-for-like* PARIS, October
More informationManpower Employment Outlook Survey
Manpower Employment Outlook Survey Global 4 215 Global Employment Outlook Nearly 59, employers across 42 countries and territories have been interviewed to measure anticipated labor market activity between
More information