|
 10 September 2010
A Brighter Future for Hotel Stocks | Barrons.com
Wells Fargo Securities is raising earnings estimates for Starwood, Marriott, and a host of other hotel chains as room demand is proving stronger than anticipated
WE ARE RAISING OUR third-quarter revenue-per-available-room (RevPAR) growth assumptions for the majority of the hotel companies in our coverage — up 150 basis points on average — as summer demand has proved to be stronger than initially expected. Through Aug. 28, we estimate RevPAR in the U.S. and top 15 markets has increased 9.1% (rate up 1.6%) and 10.0% (rate up 2.5%), respectively.
>> OPEN EXTERNAL ARTICLE
hotel companies, quarter revenue, basis points, assumptions
 barrons.com
|
|
