Starwood Hotels & Resorts Worldwide Inc

Latest Starwood Hotels & Resorts Worldwide Inc News and Updates

  • uploads///mtn pm
    Earnings Report

    Analyzing Vail Resorts’ Revenue and Income Growth in Fiscal 1Q16

    Vail Resorts (MTN) has a market cap of $4.6 billion. Its YTD (year-to-date) price movement has been rising quarter-over-quarter in calendar 2015.

    By Gabriel Kane
  • Materials

    Part 3–Starwood Hotels & Resorts—a mid cap growth stock that is fully booked

    Strong Momentum in HOT The below graph reflects the strong performance of Starwood Hotels and resorts, HOT, which was particularly strong until the 2008 crisis, and is once gain handsomely outperforming the Morningstar mid cap growth total return index. While just a bit below the S&P 400 index over the years, Starwood Hotels has been […]

    By Marc Wiersum, MBA
  • uploads///american express revenue and income growth
    Company & Industry Overviews

    American Express: Opportunities Abound in a Challenging Market

    Co-branding relationships are an important part of the American Express business model. The costs of renewing and extending these relationships is increasing.

    By Rekha Khandelwal, CFA
  • uploads///
    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///
    Company & Industry Overviews

    Big Hotels on the Block: Sizing up Wyndham Worldwide’s Competitors

    Since 2010, Wyndham’s stock has outperformed all its peers, growing by over 270%. In that time, Marriot grew by ~176%, Starwood by 102%, and Hyatt by 67%.

    By Sam Matthews
  • 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///SHighfields Q positions
    Financials

    Highfields Capital Management’s positions in 3Q14

    Highfields Capital Management LP is based in Boston. The fund was founded by Jonathon Jacobson in 1998. The fund’s US long portfolio declined slightly to $12.8 billion in the third quarter.

    By Diana Key
  • uploads///HOT MAR MAR basics
    Miscellaneous

    Rationale for the Starwood-Marriott Merger

    With the Starwood-Marriott merger, the companies expect to generate at least $200 million in annual cost savings beginning in the second year after the deal closes.

    By Brent Nyitray, CFA, MBA
  • 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_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
  • 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
  • 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///SPG
    Miscellaneous

    How Will the Marriott-Starwood Merger Impact Consumers?

    According to Marriott’s (MAR) CEO, Arne Sorensen, Starwood’s (HOT) guest loyalty program was a “central, strategic rationale for the transaction.”

    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///Marriott final offer
    Miscellaneous

    Marriott-Starwood Merger Gets Final Approval

    The Marriott-Starwood merger received final approval from the Chinese regulatory authority. Both chains completed the deal on September 23, 2016.

    By Ally Schmidt
  • uploads///LNKD MSFT comps
    Miscellaneous

    Could There Be a Competing Buyer for LinkedIn?

    Microsoft paid a 50% premium to LinkedIn’s June 10 closing price. At 7.5x revenues and 75x EBITDA, Microsoft is paying a lot. LinkedIn is a unique property.

    By Brent Nyitray, CFA, MBA
  • 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///
    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
  • uploads///
    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
  • uploads///
    Company & Industry Overviews

    Marriott International’s Expansion in the Franchise Model Is Bearing Fruit

    Marriott’s operating margin increased from 5.9% in 2010 to 8.4% in 2014. Its operating income grew from $695 million in 2010 to $1,159 million in 2014.

    By Sam Matthews
  • uploads///
    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
  • uploads///
    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

    Real, Nominal ADR Affect the US Hotel Sector’s Operating Income

    ADR, or average daily rate, measures the average room price paid in the market. Hotels saw unprecedented occupancy levels in 2015 driven by strong demand.

    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
  • uploads///
    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
  • uploads///
    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
  • uploads///
    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
  • uploads///
    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
  • uploads///
    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
  • uploads///
    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
  • uploads///
    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
  • Introducing Marriott International: Your Key Company Overview
    Company & Industry Overviews

    Introducing Marriott International: Your Key Company Overview

    Marriott International is known for its wide range of budget and luxury hotels. Its acquisition of Starwood will make it the world’s largest hotel chain.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Investor Essentials: Understanding Hyatt’s Valuation Multiple

    Hyatt’s EV/EBITDA has moved in line with the median valuation multiple of its peers. Hyatt, with rare exceptions, has always traded at a discount to the median valuation multiple of its peers.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Why Hyatt Has High Liquid Assets Compared to Its Peers

    As of December 31, 2014, Hyatt’s cash, cash equivalents, and marketable securities as a percentage of total assets is one of the highest among its peers, at 10%.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Asset Utilization by Hyatt Hotels

    Hyatt had the lowest return on assets (or ROA) ratio among its peers at 4.6% for fiscal 2014 due to lower profits generated from its assets.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Profitability Margins Grew for Hyatt Hotels

    Operating margins for Hyatt Hotel (H) increased from 1.4% in 2010 to 6.3% in 2014. The growth in margins was largely driven by steady growth in revenue and declining expenses from the owned and leased hotels segment.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Hyatt’s Retail Investors Have Skewed Voting Power

    As of January 31, 2015, Hyatt had 36.8 million Class A shares entitled to one vote and 111.4 million Class B shares entitled to ten votes.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    How Does Hyatt Make Money from Its Hotels?

    Hyatt (H) operates its hotels and other business segments under three models: franchise, management, and ownership models.

    By Sam Matthews
  • uploads/// Editable
    Company & Industry Overviews

    Introduction to Hyatt’s Select Service Brands and Other Brands

    Hotels that offer accommodation with limited services and amenities are called select service hotels. Hyatt (H) operates about 37,500 rooms and two brands under this segment.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    The Investor’s Introduction to Hyatt Hotels

    A global hospitality group, Hyatt (H) operates industry-leading brands such as Park Hyatt, Andaz, Hyatt, Grand Hyatt, and Hyatt Regency. As of December 31, 2014, the company operated 587 properties with more than 155,000 rooms.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Why Are Wyndham Worldwide’s Profitability Margins Declining?

    Wyndham’s operating margins declined from 18.6% in 2010 to 17.6% in 2014 due to growing marketing and reservation expenses.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    What’s Driving the Revenues of Wyndham Worldwide’s Vacation Ownership Segment?

    Vacation unit sales rely on disposable income available to customers. The stable US economy and growing household incomes have positive impacts on Wyndham.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Measuring Wyndham Worldwide’s Exchange and Rental Business—The World’s Largest

    Wyndham Worldwide’s Wyndham Exchange and Rental segment is its most geographically diversified business segment, with a presence in over 100 countries.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    What Factors Keep Driving Wyndham Hotel Group’s Revenues?

    Wyndham’s ADR growth in 2010–2014 was driven by a lack of supply growth in the economy segment and by an increase in domestic travel.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    How Wyndham Uses Technology to Offer Greater Value to Its Clients

    Wyndham invests in technology to improve its e-commerce capabilities and marketing abilities and to help it differentiate itself from competitors.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Interpreting Wyndham Worldwide’s Rental and Exchange Key Revenue Drivers

    We can measure Wyndham’s rental and exchange business by average number of members, revenue per member, rental transactions, and average net price.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    A Rundown of Wyndham Worldwide’s Wyndham Hotel Group Segment

    Wyndham Hotel Group provides services under a franchise model but also offers professional oversight and operations support under a management model.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Gauging Wyndham Worldwide’s Low ADR and Occupancy Rate

    Wyndham had the lowest occupancy rate among peers in fiscal 2014. Its larger presence in the economy and midscale segments accounts for the difference.

    By Sam Matthews
  • uploads///
    Company & Industry Overviews

    Introducing Wyndham Worldwide, a Hotel Super Power

    Wyndham Worldwide is considered the world’s largest hotel franchiser. It owns the world’s largest vacation ownership and exchange network.

    By Sam Matthews
  • uploads///bbdbecdcefadde
    Macroeconomic Analysis

    Starwood Hotels & Resorts Led SPY by 9.1%

    Starwood Hotels & Resorts traded at $74.81 on Tuesday, October 27. It was well above its respective 50-day and 20-day moving averages.

    By Renee Blakely
  • uploads///Revpar
    Macroeconomic Analysis

    How Was the Hotel Industry’s Revenue per Available Room in September?

    RevPAR (or Revenue Per Available Room) is a key performance metric used in the hotel industry that indicates the hotel’s performance and the demand scenario for the hotel’s rooms.

    By Ally Schmidt
  • uploads///MAR Hotel industry risks
    Earnings Report

    Playing the Hotel Industry: Are the Returns Worth the Risks?

    The US hotel industry was badly affected by the economic crisis. Sales plunged, commercial-property prices collapsed, rooms remained vacant, and a weaker dollar added to the industry’s woes.

    By Ally Schmidt
  • uploads///HLT segmental
    Earnings Report

    Why Hilton’s Financial Condition Looks Better than Ever

    Hilton (HLT) saw strong revenue growth in 2Q15, which was driven by strong occupancy rates and room rates.

    By Ally Schmidt
  • uploads///Part
    Earnings Report

    Analyzing Starwood’s Asset-Light Strategy

    In 2006, Starwood’s management embarked on an asset-light strategy. It decided to sell a significant portion of Starwood’s owned hotel portfolio.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    Starwood’s Vacation Ownership Business Spin-Off

    On February 10, 2015, Starwood Hotels and Resorts announced plans to spin off its vacation ownership business into a separate publicly traded company.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    What Are Starwood’s Revenue Sources?

    The revenue from owned, leased, and consolidated joint ventures is primarily derived from hotel operations. This includes room rentals and food and beverage sales.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    Why Marriott’s Revenue Increased in 2014

    Marriott’s revenues totaled nearly $3.6 billion in the fourth quarter of 2014, compared to $3.2 billion in the fourth quarter of 2013.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    Why did Hilton’s revenue increase in 2014?

    Hilton’s 4Q14 revenue increased 7% YoY to $2,828 million. For 2014, its revenue increased by 10.5 billion, or 7.9%—compared to 2013.

    By Shawn Bolton
  • uploads///gartner magic quadrant
    Earnings Report

    Why Adobe is leading in Gartner’s ‘Magic Quadrant’

    In December 2014, Adobe announced that it had been recognized by Gartner as a leader in the 2014 “Magic Quadrant for Digital Marketing Hubs” research report.

    By Anne Shields
  • Consumer

    Why Marriott’s hotels have a specific ownership structure

    Marriott (MAR) operated a total of 3,916 hotel properties in fiscal year 2013. Most of these properties were either managed, franchised, or licensed.

    By Teresa Cederholm
  • uploads///Part_Brands
    Consumer

    Why it’s important to understand Marriott’s brands

    Marriott has a diverse portfolio of 18 brands. It describes the brands as “individually distinct and collectively powerful.”

    By Teresa Cederholm
  • Consumer

    Why the Blackstone acquisition was important for Hilton

    Hilton Hotels Corporation was acquired by Blackstone in an all-cash transaction valued at $26 billion. The acquisition was an important milestone in Hilton’s (HLT) history.

    By Teresa Cederholm
  • Consumer

    Must-know: Hilton gets revenue from its timeshare segment

    Timesharing—also known as vacation ownership—is a method of getting the right to use a vacation property like a hotel or a resort. The buyer owns “timeshare interests” or intervals.

    By Teresa Cederholm
  • Consumer

    A breakdown of Hilton’s revenue by segments

    Timeshare revenue accounted for ~18% of total revenue from segments. The company generates revenue by marketing and selling timeshare interests and managing resort operations.

    By Teresa Cederholm
  • Consumer

    Why Hilton expanded its presence in the international market

    Hilton’s hotels, resorts, and timeshare properties are spread across 91 countries and territories. On December 31, 2013, Hilton’s portfolio consisted of 678,630 rooms.

    By Teresa Cederholm
  • Consumer

    Hilton’s market share in the domestic and international market

    Hilton’s growth plans are measured by the number of rooms under construction. Its growth plans rank first in the industry in all its markets—domestic and international.

    By Teresa Cederholm
  • Consumer

    Why InterContinental Hotels’ valuations higher than peer average

    IHG has been involved in asset disposals, and using the proceeds for dividends and buybacks—for the first half of 2014, IHG said it completed a $500 million share buyback program, and in July it paid out $750 million in special dividends.

    By Samantha Nielson
  • Consumer

    Why InterContinental Hotels’ “asset-light” strategy drives growth

    The company said on its website that its “business model is focused on franchising and managing hotels, rather than owning them, enabling us to grow at an accelerated pace with limited capital investment—we call this ‘asset light.’

    By Samantha Nielson
  • Materials

    A guide to Iridian Asset Management’s investment strategy

    As of September 30, 2013, Iridian’s assets under management totaled $10.1 billion in U.S. mid-cap and small-cap equity strategies.

    By Samantha Nielson
  • Market Realist Logo

    © Copyright 2022 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.