LONDON, June 20, 2013 /PRNewswire/ --
According to Mark Woodworth, who serves as the president of PKF Hospitality Research, the next downturn in the U.S. hotel industry is not likely to occur until 2017. Speaking at the Hotel Equities and Lender Perspectives conference, Woodworth noted that the hotel industry has performed well lately. Although the long-term outlook for the hotel industry is positive, panelists at the conference noted the fact that macro issues could lead to a slowdown or even derail the recovery. On Wednesday, June 19, 2013, shares in lodging companies ended mostly lower, tracking losses in the broader market which tumbled after the Federal Reserve released its monetary policy statement. The major movers in the sector included Ctrip.com International Ltd. (ADR) (NASDAQ: CTRP), Marriott International Inc. (NYSE: MAR), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), and Orient-Express Hotels Ltd. (NYSE: OEH). AAAResearchReports.com free coverage on CTRP, MAR, HOT, and OEH is available upon registration at
Shares in Ctrip.com International Ltd. fell on Wednesday, tracking losses in the broader market. The company's shares ended the day at $34.58, down 1.14%, after trading between $34.40 and $35.26. The stock registered a total volume of 1.79 million shares which is below the daily average volume of 2.97 million. However, despite the pullback yesterday, shares of Ctrip.com have risen over 2.00% so far this week. Moreover, the stock is currently trading near its 52-week high of $35.33. Download free technical research on CTRP by signing up at:
Marriott International Inc.'s stock slipped yesterday, closing at $40.42, down 0.98% from its previous closing price. The company's shares traded between $40.41 and $41.07 and ended the day on a total trading volume of 2.79 million shares which is above its daily average volume of 1.93 million. In the last three months, Marriott's shares have risen by 2.20%, but it is still underperforming the S&P 500. The stock is currently trading below its 50-day moving average and above its 200-day moving average. Register now and get access to free analysis on MAR at:
Shares in Starwood Hotels & Resorts Worldwide Inc. saw a sharp drop on Wednesday. The company's shares hit an intraday low of $65.72 before closing the day at $65.80, down 1.64%. A total of 1.17 million shares were traded which is below the daily average volume of 2.02 million. The company's shares have risen by over 5.70% in the last three months. Additionally, the stock is trading slightly above its 50-day moving average. It currently has a 52-week high of $70.16. Sign up and read our complimentary report on HOT at:
Orient-Express Hotels Ltd's stock moved lower yesterday, reversing some of its gains for this week. The company's shares ended the day at $12.31, down 0.89%, after oscillating between $12 and $12.52. It saw a total of 698,749 shares traded throughout the session. Orient-Express' shares are still up 3.1% for this week. Moreover, the stock is trading slightly below its 50-day and 200-day moving averages. The MACD recently crossed above its signal line, and it is also trading above its zero-line. The free report on OEH can be downloaded by signing up now at:
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SOURCE AAA Research Reports