Nov 01st 2012 - Edison Investment Research today published a report on leisure entitled "Justifiably Confident". In summary, the report says:
Concern that June’s positive three-year RevPAR growth message is already being tempered by lower guidance for 2013 is nit picking. The difference is modest and within a margin of error. Importantly, it is driven by macro forecasts rather than actual trading slowdown (“steady as she goes”) and 5-7% targeted yield gain remains creditable. Q3 results were fine and strong finances back Marriott’s spirited commitment to share buybacks, which should curb downside risk.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
