Hilton Worldwide Holdings Inc

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  • Overview: Hilton Worldwide Holdings Inc.
    Consumer

    Overview: Hilton Worldwide Holdings Inc.

    Hilton Worldwide Holdings is one of the largest hospitality companies in the world. It was founded in 1919 by Conrad Hilton. The company started when he bought his first hotel in Texas.

    By Teresa Cederholm
  • Consumer

    Why trend in fee income is an important source of revenue

    Marriott increased its fee income at a ten-year compound annual growth rate (or CAGR) of 7.6% to $1,543 million in 2013—from $742 million in 2003.

    By Teresa Cederholm
  • uploads///Marriott analyst rating
    Earnings Report

    What Analysts Are Recommending for Marriott

    Of the 29 analysts tracking Marriott International (MAR), 17.0% (five analysts) have a “strong buy” recommendation for the stock.

    By Ally Schmidt
  • uploads///Part
    Consumer

    What Positions Did Bill Ackman Add, Cut, and Dispose of in Q1?

    Pershing Square’s top three positions Pershing Square Holdings’ 13F portfolio’s value declined from $6.7 billion to $5.96 billion at the end of the first quarter of 2019. Its number of positions fell from nine to eight. Pershing’s three largest positions at the end of the first quarter were as follows: Chipotle Mexican Grill (CMG) accounted […]

    By Anuradha Garg
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    Company & Industry Overviews

    Understanding Marriott International’s Valuation Multiple

    In fiscal 2014, Marriott had forward EV-to-EBITDA multiple of 15.3. It was trading at 11.2 as of January 1, 2016, which was the highest among peers.

    By Sam Matthews
  • uploads///Hilton revenue
    Earnings Report

    Will Hilton’s Top Line Grow in 2017?

    For 1Q17, analysts are estimating Hilton’s (HLT) revenue to fall 25% to $2.1 billion.

    By Ally Schmidt
  • uploads///Part
    Earnings Report

    Why Marriott is Buying Back Its Own Shares

    Marriott repurchased 7.7 million shares of common stock valued at $544 million in 4Q14 and 24 million shares for $1.5 billion in 2014.

    By Shawn Bolton
  • Consumer

    Why Marriott is slowly expanding in international markets

    Marriott has been expanding its presence in the international market. It added new brands in Europe, Asia Pacific, and the Middle East and African regions.

    By Teresa Cederholm
  • uploads///h pm
    Earnings Report

    Hyatt Hotels in 3Q15: Evaluating Revenue and Activity

    In 3Q15, Hyatt Hotels had a price movement of $7.1 billion. After its 3Q15 release, its stock fell by 1.31% to close at $49.76 per share on November 3.

    By Gabriel Kane
  • part_history pngautocompresscformatandixlibphp
    Consumer

    Must-know: Marriott International Inc.

    Marriott International’s headquarters are in Bethesda, Maryland. The company was founded in 1927 by J. Willard and Alice S. Marriott.

    By Teresa Cederholm
  • Consumer

    Hilton’s diversified portfolio with 11 world-class brands

    Hilton’s goal is to serve any customer, anywhere in the world, for any lodging need that they have. The company has a portfolio of 11 world-class brands. Hilton’s portfolio allows it to accomplish this goal.

    By Teresa Cederholm
  • part_brand portfoliopngautocompresscformatandixlibphp
    Consumer

    Hilton’s hotel room composition by brand and chain scale

    Hotel companies, like Hilton, expand their operations based on the demand for accommodations by location. They also expand based on customer preference for the level of service offerings.

    By Teresa Cederholm
  • part_capital light segmentpngautocompresscformatandixlibphp
    Consumer

    Hilton expanded segments with low capital investment

    Hilton expanded its operations in segments that require less capital investment. These include the Management and Franchise segment and the Timeshare segment.

    By Teresa Cederholm
  • part_timeshare segment spin offpngautocompresscformatandixlibphp
    Consumer

    Why Marriott’s timeshare segment spun off

    Marriott completed the spinoff of its timeshare segment to Marriott Vacations Worldwide Corporation (or MVW) in 2011. MVW is now operating as an independent company.

    By Teresa Cederholm
  • uploads///US dollar
    Miscellaneous

    Why a Strengthening US Dollar Will Hurt the US Hotel Industry

    The US dollar’s strength compared to currencies that are widely used in international trade is measured by the Trade Weighted Dollar Index.

    By Ally Schmidt
  • uploads///AdobeStock_
    Consumer

    Pershing’s 13F: Bill Ackman Keeps His Bet on Berkshire

    Yesterday, Pershing Square Capital Management filed its 13F. In the third quarter, Berkshire Hathaway (BRK-B) (BRK-A) was Bill Ackman’s only buy.

    By Rabindra Samanta
  • Financials

    Yellen weighs in on banks’ liquidity risk and capital requirements

    On April 15, Fed Chair Janet Yellen made the opening remarks at the Federal Reserve Bank of Atlanta’s 19th Annual Financial Markets Conference, held on April 15–16, 2014, in Atlanta.

    By Phalguni Soni
  • uploads///AdobeStock_
    Consumer

    Why Bill Ackman’s Fund Bucked August’s Downtrend

    Bill Ackman’s Pershing Square Holdings netted gains of 3.5% in August, in sharp contrast to the losses posted by the major stock benchmarks in the month.

    By Anuradha Garg
  • uploads///Gainers
    Company & Industry Overviews

    Mattel: S&P 500’s Top Gainer on April 11

    Mattel, which is an American multinational toy manufacturing company, was the S&P 500’s top gainer on Wednesday.

    By Val Kensington
  • uploads///div pri gro hlt
    Consumer

    Hilton Worldwide Holdings Looks Promising despite a Tough 2017

    Hilton Worldwide Holdings’ (HLT) revenue grew 3% in 2016. Management and franchise fees, timeshare, and other revenues from managed and franchised properties drove the growth in 2016, offset by owned and leased hotels.

    By Amanda Lawrence
  • uploads///Leverage
    Company & Industry Overviews

    Chart in Focus: TripAdvisor’s Leverage after 3Q17

    At the end of 3Q17, TripAdvisor had $763.0 million in cash and short-term investments on its balance sheet—lower than the ~$904.0 million it had at the end of 2016.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Priceline’s 3Q17 Revenue Defies Tough Conditions

    For the third quarter of 2017, Priceline’s (PCLN) revenue rose 20.2% YoY or year-over-year to $4.4 billion, driven by strong gross bookings growth of 19% YoY.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    Analysts’ Recommendations for Hyatt ahead of 3Q17 Results

    Analyst views Of the 22 analysts tracking Hyatt (H), two analysts (9.1%) have a “strong buy” rating on the stock, and three analysts (13.6%) have a “buy” rating. These analysts were surveyed by Reuters. Only one analyst has changed the rating from “strong buy” to “buy” after the company’s 2Q17 earnings. Sixteen analysts (72.7%) maintained […]

    By Ally Schmidt
  • uploads///Valuation
    Consumer

    What Are Investors Willing to Pay for Hyatt Stock?

    Current valuation Hyatt (H) is trading at a forward EV-to-EBITDA[1. enterprise value to earnings before interest, tax, depreciation, and amortization] multiple of 11.2x. The current valuation is lower than its average valuation of 12.2x since January 2010. Peer comparison Hyatt is trading at one of the lowest multiples among its peers. Wyndham Worldwide (WYN) is trading […]

    By Ally Schmidt
  • uploads///Leverage
    Consumer

    What You Should Know about Hyatt’s Leverage Ratio

    Hyatt’s debt Hyatt’s (H) total debt increased from $1.6 billion at the end of 2016 to $1.7 billion at the end of 1Q17. Its debt remained constant at $1.7 billion at the end of 2Q17.  Hyatt’s debt has fluctuated from $1.3 billion to $1.7 billion for the past five years, thanks to its routine acquisitions […]

    By Ally Schmidt
  • uploads///data breach
    Consumer

    How Hyatt’s Credit Card Data Breach Could Impact Its Growth Plans

    Second breach in two years On October 12, 2017, Hyatt revealed that its payment system had been breached. There was unauthorized access detected in 41 hotels in 11 countries, exposing customer credit card information at these locations. About 50% of these hotels were located in China. *Other affected countries and territories include Brazil, Colombia, Guam, Indonesia, […]

    By Ally Schmidt
  • uploads///Hyatt ADR
    Consumer

    Hyatt Increases Guidance for Its Key Metrics

    Hyatt’s RevPAR (revenue per available room) for 2Q17 rose 2.4% in constant dollars and 2.9% year-over-year in constant currency terms across its systemwide properties.

    By Ally Schmidt
  • uploads///Metrics
    Consumer

    What Marriott’s Key Metrics Suggest for 2017

    Marriott’s RevPAR for 2Q17 rose 2.2% YoY in constant dollars across its worldwide properties. Its North America RevPAR rose 0.9% YoY in constant dollars.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    Marriott on the Street: What the Analysts Recommend

    Of the 28 analysts tracking Marriott, five (17.9%) have a “strong buy” recommendation, while nine (32.1%) have a “buy,” and 13 (46.4%) have a “hold.”

    By Ally Schmidt
  • uploads///Valuation
    Consumer

    What’s Priced into Marriott’s Valuation Multiple Now?

    Marriott is now trading at a forward EV-to-EBITDA multiple of 15.5x, compared with its average historical valuation of 13.9x since January 2008.

    By Ally Schmidt
  • uploads///Margins
    Consumer

    How Marriott’s 3Q17 Earnings Guidance Disappointed Analysts

    In 2Q17, Marriott International’s (MAR) operating income grew 59% YoY (year-over-year) to $620 million.

    By Ally Schmidt
  • uploads///revenue
    Consumer

    Marriott’s Revenue Is Now Expected to Go This Way in 2017

    In 2Q17, Marriott’s revenues grew 49% YoY to $5.8 billion, compared with $3.9 billion in 2Q16, due to higher fee revenues and RevPAR and room growth.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    Wall Street Analysts’ Ratings for Marriott before Its 2Q17 Earnings

    According to a Reuters consensus of 28 analysts tracking Marriott (MAR), five analysts have a “strong buy” recommendation on the stock, and nine analysts have a “buy” recommendation on the stock.

    By Ally Schmidt
  • uploads///Valuation
    Consumer

    Marriott International’s Valuation: What Is Priced In?

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.6x.

    By Ally Schmidt
  • uploads///Margins
    Consumer

    Can Marriott Improve Its Margin after the Starwood Acquisition?

    For fiscal 2017, Marriott’s EBITDA is expected to rise 44.3% to ~$3.1 billion.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Marriott’s Revenues Could Grow 25% despite Hotel Industry Slowdown

    For 2Q17, Marriott’s total fee revenues are expected to increase to $820 million–$835 million.

    By Ally Schmidt
  • Consumer

    What Marriott’s Key Metrics Suggest ahead of Its 2Q17 Results

    During the second quarter, Marriott (MAR) added 17,000 rooms, including 6,400 rooms internationally and 3,300 rooms from competitors.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    What Analysts Recommend for Hyatt Ahead of Its 2Q17 Results

    Analyst views According to Reuters, of the 22 analysts tracking Hyatt (H), three analysts (13.6%) have a “strong buy” rating on the stock, two analysts (9.1%) have a “buy” rating, 16 analysts (72.7%) have a “hold” rating, and one analyst (4.5%) has a “sell” rating. There are no “strong sell” ratings on the stock. Analyst […]

    By Ally Schmidt
  • uploads///Valaution
    Consumer

    How Hyatt’s Valuation Compares

    Current valuation Hyatt (H) currently trades at a forward EV-to-EBITDA multiple of 15.1x. Hyatt’s valuation is significantly higher than its average valuation since January 2010 of 13.0x. Peer comparison Hyatt’s valuation is among the highest in its peer group. Marriott International (MAR) has a multiple of 15.3x, Hilton Worldwide Holdings (HLT) is trading at a […]

    By Ally Schmidt
  • uploads///Leverage
    Consumer

    What You Should Know About Hyatt’s Leverage Ratio

    Increasing debt Hyatt’s growth has been partly organic and partly inorganic. The inorganic growth has been supported by debt. Hyatt’s current debt is similar to that seen in 2014, at $1.4 billion. It fell to $1.0 billion at the end of 2015. Prior to 2014, its debt was even lower, at $1.3 billion in 2013 and […]

    By Ally Schmidt
  • uploads///EBITDA
    Consumer

    Could Hyatt’s Revenue Growth Translate to Profit Growth?

    Analyst estimates In 2Q17, analysts expect Hyatt’s (H) EBITDA (earnings before interest, tax, depreciation, and amortization) to fall 4.9% YoY (year-over-year) to $215.9 million. EBITDA are expected to fall another 3.0% YoY in the third quarter to $186.3 million. Growth is expected to resume in the fourth quarter, with EBITDA rising 18.1% YoY to $174.9 million. […]

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    What Analysts Expect for Hyatt’s Revenue Growth in 2017

    Analyst estimates In 2Q17, analysts expect Hyatt’s revenue to grow by 3.9% YoY (year-over-year) to $1.2 billion. Sales growth is expected to increase for the rest of the year. Sales are expected to grow 5.4% YoY to $1.1 billion in 3Q17, and 5.5% YoY to $1.2 billion in 4Q17. Hyatt is expected to see revenue […]

    By Ally Schmidt
  • uploads///Hyatt ADR
    Consumer

    Analyzing Hyatt’s Key Metrics Ahead of Its 2Q17 Results

    Revenue per available room A hotel’s operational efficiency is measured by its RevPAR (revenue per available room), which is calculated by dividing a hotel’s total guest room revenue by its room count. The two main factors driving a hotel’s RevPAR are its occupancy rates and average daily rates. In 1Q17, Hyatt’s RevPAR fell 4.7% YoY […]

    By Ally Schmidt
  • uploads///ANR
    Consumer

    Wyndham Worldwide: Analysts’ Ratings and Target Prices

    Ten analysts currently have active coverage on Wyndham Worldwide (WYN) stock. Of these analysts, 20% have “strong buy” recommendations on the stock.

    By Ally Schmidt
  • uploads///Dividend
    Consumer

    Should Dividend Investors Buy Wyndham Stock?

    On July 21, 2017, Wyndham Worldwide (WYN) had a closing price of $103.1 and an indicated dividend yield of 2.3%, the highest among its peers.

    By Ally Schmidt
  • uploads///EBITDA
    Consumer

    Can Wyndham’s Profitability Improve in 2017?

    After Wyndham’s fall in 1Q17, Wall Street analysts expect it to clock EBITDA (earnings before interest, tax, depreciation, and amortization) of 2.4% year-over-year to $349.3 million.

    By Ally Schmidt
  • uploads///Marriott International Outperforming the SP  Index
    Fund Managers

    Goldman Sachs on Marriott: Annual Sales Growth to Improve 15.6%

    Marriott International has provided a return of 22.5% so far in this year.

    By Sarah Sands
  • uploads///Fuel
    Miscellaneous

    What Falling Gas Prices Mean for the Hotel Industry

    After rising steadily from August 2016 to December 2016, crude oil prices have been falling in 2017.

    By Ally Schmidt
  • uploads///ADR
    Miscellaneous

    Average Daily Rate Will Drive US Hotel Industry Growth

    The average daily rate (or ADR) measures the average room price paid in the market. In 1Q17, the ADR rose 2.5% year-over-year (or YoY) to $124.27.

    By Ally Schmidt
  • uploads///Revenue growth
    Miscellaneous

    US Hotel Industry Supply to Outpace Demand in 2017

    The US hotel industry saw its largest revenue fall of 14% year-over-year (or YoY) in 2009. Since then, recovery has been steep.

    By Ally Schmidt
  • uploads///AXP and competitors Revenues
    Company & Industry Overviews

    American Express to Ride on Partnerships, Digitization

    American Express (or Amex) (AXP) has entered into digital partnerships with Airbnb, Facebook (FB), and Uber in order to offset the revenue loss from Costco (COST).

    By Raymond Anderson
  • uploads///Marriott Valuation
    Earnings Report

    What Investors Are Willing to Pay for Marriott International

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 14.5x.

    By Ally Schmidt
  • uploads///MAR dividend yield
    Earnings Report

    Chart in Focus: Marriott’s Dividend Payout in 2017

    Marriott (MAR) has an indicated dividend yield of 1.8%, which is the lowest among its peers.

    By Ally Schmidt
  • uploads///Hyatt Valuation
    Earnings Report

    Looking at Hyatt’s Valuation ahead of Its 1Q17 Earnings

    Hyatt (H) currently trades at a forward EV-to-EBITDA multiple of 10.2x.

    By Ally Schmidt
  • uploads///Hilton leverage ratios
    Earnings Report

    How Hilton’s Long-Term Debt Is Trending

    The hotel sector is capital intensive, and companies in the industry normally carry high debt.

    By Ally Schmidt
  • uploads///Hilton Dividend
    Earnings Report

    What to Expect from Hilton’s Dividends in 2017

    Hilton (HLT) started paying dividends in mid-2015.

    By Ally Schmidt
  • uploads///Room supply
    Earnings Report

    How Hilton’s Key Metrics Look ahead of 1Q17 Earnings

    A hotel’s operational efficiency is measured by its RevPAR (revenues per available room), which is calculated by dividing a hotel’s total guest room revenue by its room count.

    By Ally Schmidt
  • uploads///Actively managed large cap fund underperformning the market
    Company & Industry Overviews

    Do Actively Managed Funds Perform Better in the Long Run?

    Investors seem to be shifting from actively managed funds to passive funds in order to get higher returns.

    By Mary Sadler
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    Macroeconomic Analysis

    Why Hotel Investors Should Follow Construction Pipeline Data

    According to STR Global’s US Construction Pipeline Report for January 2017, rooms under contract rose 16.1% to reach 576,000 rooms in 4,763 hotel properties.

    By Ally Schmidt
  • uploads///US hotels stock
    Macroeconomic Analysis

    How Has the Hotel Industry Performed in 2017?

    In January 2017, the Baird/STR Hotel Stock Index rose 0.5% to close at 3,723. The index recorded a great performance in 2016 as well.

    By Ally Schmidt
  • uploads///US Dollar movement
    Macroeconomic Analysis

    What a Strong US Dollar Means for the US Hotel Industry

    The strength of the US dollar measured against currencies that are widely used in international trade is measured by the Trade Weighted Dollar Index.

    By Ally Schmidt
  • uploads///US GDP growth
    Macroeconomic Analysis

    Why Economic Growth Is Important for the US Hotel Industry

    A booming economy allows people to spend money on discretionary items such as air travel, so hotel revenues are higher during economic growth and lower during economic contraction.

    By Ally Schmidt
  • uploads///US hotel revenues
    Macroeconomic Analysis

    What You Need to Know about the US Hotel Industry Performance

    The hotel industry is largely driven by the growth of the general economy, which instills spending confidence in both businesses and households.

    By Ally Schmidt
  • uploads///Marriott Valuation
    Earnings Report

    Here’s What’s Currently Priced into Marriott’s Valuation Multiple

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.8x. It’s significantly higher than its average valuation of 13.9x since January 2008.

    By Ally Schmidt
  • uploads///Marriott Loyalty Program
    Earnings Report

    Innovation Is the Name of the Game for Marriott

    Eventually, artificial intelligence will allow Marriott to make customized recommendations to customers based on what they have shared with Marriott.

    By Ally Schmidt
  • uploads///Marriott key metrics
    Earnings Report

    Do Marriott’s Key Metrics Suggest a Buoyant 2017?

    Marriott’s RevPAR for 4Q16 rose 0.80% in constant dollars across its worldwide properties.

    By Ally Schmidt
  • uploads///Vail Resorts Growth Expectation Higher Than Peers
    Company & Industry Overviews

    Vail Resorts: Exceptional Takes Time, According to Baron

    Baron Capital began investing in Vail Resorts in 1997, and it owns a ~15%–20% stake in the company. According to Ron Baron, this investment has returned ~50%–75%.

    By Mary Sadler
  • uploads///Marriott analyst ratings
    Earnings Report

    What Do Analysts Recommend for Marriott ahead of 4Q16 Results?

    According to a Reuters consensus, of the 28 analysts tracking Marriott (MAR), five of them (18.0%) have a “strong buy” for the stock.

    By Ally Schmidt
  • uploads///Marriott Valuation
    Earnings Report

    What Are Investors Willing to Pay for Marriott International?

    Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.8x. Its valuation has been significantly higher than its average valuation.

    By Ally Schmidt
  • uploads///Marriott dividend yield
    Earnings Report

    Could Marriott’s Dividends Rise in the Second Half of 2016?

    Marriott’s cash dividend ratio was 3.0x at the end of 3Q16, which indicates its ability to sustain dividend payouts.

    By Ally Schmidt
  • uploads///Marriott operating metrics
    Earnings Report

    What Do Marriott’s Key Metrics Suggest ahead of 4Q16 Results?

    For 3Q16, Marriott and Starwood Hotels & Resorts together added 17,600 rooms, taking the total to 4,554 properties and 777,000 timeshare resorts.

    By Ally Schmidt
  • uploads///impact on us travel
    Miscellaneous

    Will the US Become an Unpopular Travel Destination?

    One of Trump’s highly criticized policies was a complete ban on Muslims entering the United States. However, a complete ban on a race or religion is impossible to implement politically.

    By Ally Schmidt
  • uploads///Metric
    Earnings Report

    What Do Marriott’s Key Metrics Suggest ahead of 3Q16 Results?

    Marriott’s (MAR) RevPAR for 2Q16 rose 2.9% across its worldwide properties. North America RevPAR rose 3.2% due to a 2.2% rise in ADR.

    By Ally Schmidt
  • uploads///revenue
    Earnings Report

    Can Expedia Continue Its Revenue Growth in 2016?

    For 3Q16, analysts are estimating Expedia’s (EXPE) revenue to rise 31.3%. That’s slightly lower than the growth in the first and second quarters.

    By Ally Schmidt
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    Miscellaneous

    Trump Hasn’t Received Funding from the Travel Industry

    Trump hasn’t received funding from any PACs related to airlines, online travel, or hospitality. He hasn’t received support from executives in the industry.

    By Ally Schmidt
  • uploads///Stock
    Miscellaneous

    How Have Hotel Stock Prices Reacted to the Merger News?

    Since the merger received final approval on September 20, 2016, Marriott stock (MAR) fell 2.2%, while Starwood (HOT) stock rose 2.2%.

    By Ally Schmidt
  • uploads///ANR
    Miscellaneous

    What Are Analysts’ Recommendations for Hotel Stocks?

    Wyndham has the highest return potential of 21% with a target price of $81. Marriott is next with a return potential of 18% and a target price of $79.15.

    By Ally Schmidt
  • uploads///Marriott brands
    Miscellaneous

    Will the Merger Change the Pricing Scenario in the Industry?

    After the merger, the combined chain will hold one of every 15 hotel rooms globally. However, some cities might see a much higher concentration.

    By Ally Schmidt
  • uploads///Chronology
    Miscellaneous

    Analyzing the Key Events before the Marriott-Starwood Merger

    On April 29, 2015, Starwood put itself up for sale. On August 29, 2015, Anbang offered to buy it at a 20% all-cash premium deal on its last closing price.

    By Ally Schmidt
  • uploads///Hotel stats
    Miscellaneous

    Marriott-Starwood Merger Creates the World’s Largest Hotel Chain

    The Marriott-Starwood merger creates the world’s largest hotel chain. Spanning across 110 countries, it will have more than 5,700 properties.

    By Ally Schmidt
  • uploads///Portfolio Breakdown of the FSAEX
    Fund Managers

    Fidelity Series All-Sector Equity Fund’s YTD 2016 Sector Composition

    The Fidelity Series All-Sector Equity Fund (FSAEX) is quite diversified, and it has no dominant sector.

    By David Ashworth
  • uploads///Portfolio Breakdown of the FSAEX
    Fund Managers

    Exploring Portfolio Changes in FSAEX

    FSAEX invests primarily in common stocks of US and foreign issuers. It invests in growth stocks, value stocks, or both.

    By David Ashworth
  • uploads///HOT sell itself
    Miscellaneous

    Why Did Starwood Sell Itself?

    The last two years have been marked by turmoil for Starwood Hotels (HOT). Starwood’s properties include brands like the Sheraton, Westin, St. Regis, and W hotels.

    By Ally Schmidt
  • uploads///Hotel stats
    Miscellaneous

    Marriott–Starwood Merger Synergies: The World’s Largest Hotel Chain

    The Marriott–Starwood deal holds immense significance for Marriott International because the combined entity of Marriott International and Starwood Hotels and Resorts Worldwide would create the world’s largest lodging company.

    By Ally Schmidt
  • uploads///Chronology
    Miscellaneous

    The Starwood Sale: The Story to Date

    In this series, we will discuss why Starwood (HOT) decided to put itself up for sale, how a merger with Starwood would benefit either Marriott or Anbang, and who could probably win this takeover tussle.

    By Ally Schmidt
  • uploads///Sectoral Allocation of the FSAEX
    Fund Managers

    Fast Facts about the Fidelity Series All-Sector Equity Fund

    The Fidelity Series All-Sector Equity Fund was founded in October 2008 and has an expense ratio of 0.67%. Shares of this fund are offered only to certain other Fidelity funds.

    By David Ashworth
  • Company & Industry Overviews

    Should You Consider the Waddell & Reed Advisors Global Growth Fund?

    From a purely NAV (net asset value) return standpoint, the Reed Advisors Global Growth Fund had a good one-year period until February 29, 2016.

    By David Ashworth
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    Macroeconomic Analysis

    Understanding the Hotel Industry Valuation Multiple

    The forward EV-to-EBITDA multiple for the hotel industry currently stands at 9. It has declined from 13.1, which was recorded at the beginning of 2015.

    By Sam Matthews
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    Company & Industry Overviews

    What You Ought to Know about Marriott International’s Asset Utilization

    Marriott has one of the lowest asset bases among its industry peers, having reduced its PPE-to-total-assets ratio from 24% in 2012 to 21.2% in 2014.

    By Sam Matthews
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    Company & Industry Overviews

    Interpreting Marriott International’s Growing Reliance on Debt

    Marriott International’s total debt has increased from approximately $7.4 billion in 2010 to about $9.1 billion in 2014.

    By Sam Matthews
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    Macroeconomic Analysis

    How Could Falling Consumer Confidence Affect the Hotel Industry?

    The Conference Board Consumer Confidence Index as of November 2015 was 90.4 compared to 102.6 in September 2015.

    By Sam Matthews
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    Macroeconomic Analysis

    Growth in Demand, Limited Supply Drove US Hotel Occupancy Rates

    Occupancy rates, which measure hotel capacity utilization, saw unprecedented growth in 2015. November 2015 occupancy rates saw a year-over-year growth rate of 3.2%.

    By Sam Matthews
  • uploads///
    Macroeconomic Analysis

    An Investor’s Introduction to the US Hotel Industry

    Hotel investors can use the indicators discussed in this series to gauge the industry’s general trends. Leisure travelers make up ~60% of the total hotel room sales, and business travelers account for 40% of total sales.

    By Sam Matthews
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    Company & Industry Overviews

    Understanding Cost Reimbursements as a Key Part of Marriott International’s Revenues

    Cost reimbursements make up a major component of Marriott’s revenues and mostly consist of salaries paid to employees working in Marriott-managed hotels.

    By Sam Matthews
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    Company & Industry Overviews

    Why Marriott Relies Heavily on Its Franchise Model for Growth

    Marriott now focuses on capital-light segments like franchised properties. Its fee incomes rose from $1.2 billion to $1.7 billion between 2006–2014.

    By Sam Matthews
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    Company & Industry Overviews

    Industry-Wide Demand Growth Drives Marriott International’s RevPAR

    Marriott International saw strong increases in RevPAR—from $87 to $110—between 2010 and 2014.

    By Sam Matthews
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    Company & Industry Overviews

    Just How Much Does Marriott International Stand to Benefit from the Starwood Acquisition?

    Marriott’s acquisition of Starwood will likely help Marriott double its international portfolio while diversifying its global presence.

    By Sam Matthews
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    Company & Industry Overviews

    Acquisitions and Joint Ventures Drive Marriott’s International Expansions

    Marriott has been able to expand its international business by both acquiring and creating brands that enable it to enter new markets and market segments.

    By Sam Matthews
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    Company & Industry Overviews

    Marriott International in the Eyes of Customers: Outside Looking In

    In 2015, Marriott topped the ACSI survey with a score of 80. It also topped the survey in 2014 and 2013, with scores of 83 and 81, respectively.

    By Sam Matthews
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    Company & Industry Overviews

    Marriott International’s Business Model by Service Category: Key Investor Takeaways

    At the end of 2014, Marriott had around 2,882 franchised hotel properties, with 388,670 rooms under the franchise model.

    By Sam Matthews
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