Hotels, Resorts & Cruise Lines

Netflix Inc (NASDAQ: NFLX) dipped 5.38% to $70.46 in the pre-market session. Netflix raised $400 million in fresh capital by selling convertible notes and stock. Marriot International Inc (NYSE: MAR) moved down 4.67% to $28.81 in the pre-market session. MAR reported that it has completed spinoff...

Marriott Vacations Worldwide Corporation (NYSE: VAC), begins regular way trading today following its spin-off from Marriott International, Inc. (NYSE: MAR) with a one-for-10 distribution of Marriott Vacations Worldwide shares to Marriott International shareholders on November 21, 2011. Recognized...

Bank of America Merrill Lynch is out with a research report on Marriott International Inc. (NYSE: MAR) and it has a Neutral rating and a $32 price target on shares. In a note to clients, Bank of America Merrill Lynch writes, "MAR's timeshare spin-off, Marriott Vacations Worldwide (ticker VAC),...

Marriott International, Inc. (NYSE: MAR) announced today that its Board of Directors approved the spin-off of its wholly owned subsidiary, Marriott Vacations Worldwide Corporation, through the distribution of shares to holders of Marriott International common stock. The Board of Directors also set...

In the report, JP Morgan writes, “We believe that lodging investors' focus has been so keen on near-term / next year RevPAR growth (a valid focus given slowing worldwide GDP growth), that medium term value creation associated with the larger cap lodging C-corps' (HOT, H, MAR) development...

Jefferies is out with its report today on Marriott International (NYSE: MAR), maintaining Buy. In its report, Jefferies writes, "We believe 2012 guidance is in line with recently reduced expectations and should be viewed as a confirmation that demand trends remain solid thus far despite macro...

A research report from Citi states that it maintains its Buy rating and $40 price target on Marriott International (NYSE: MAR). In the report Citi writes, “Marriott's F3Q results were above our and Street expectations. The beat was driven by a combination of stronger REVPAR, lower interest, lower...

This is your Benzinga news summary and traders' outlook for Thursday, October 6, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are higher by about 40 points or 0.38...

Morgan Stanley is out with its report today on Marriott International (NYSE: MAR), maintaining Equal-weight. In its report, Morgan Stanley writes, "While we believe investors will be focused on MAR's forward guidance and commentary regarding booking trends, unless MAR shows improvement narrowing...

Marriott International (NYSE: MAR) releases its next round of earnings this Wednesday, October 5, 2011. Here's Benzinga's essential guide to Marriott International's third quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of 27...

Red Lion Hotels Corporation (NYSE: RLH) has named Julie Shiflett as Executive Vice President and Chief Financial Officer effective September 1. Shiflett has been with Red Lion Hotels since October 2010 when she was hired under a contract to serve as Vice President of Finance.

Wyndham Worldwide Corporation (NYSE: WYN) today announced that it has completed a term securitization transaction involving the issuance of $300 million of asset-backed notes. Sierra Timeshare 2011-2 Receivables Funding LLC issued $202 million of A rated notes, $67 million of BBB notes and $31...

Interval International, a global provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and Club Tesoro Resorts, today announced they have entered into a long-term, multi-site affiliation agreement. This encompasses Club Tesoro in Cabo San Lucas, Mexico,...

Credit Suisse is out with a research report on Starwood Hotels and Resorts Worldwide Inc. (NYSE: HOT) and it is lowering its price target to $64 from $75, and it has an Outperform rating on shares. In a note to clients, Credit Suisse writes, "We recently hosted Starwood VP IR Jay Koval for a...

Genworth Financial Inc (NYSE: GNW) fell 7.54% to $6.50 in the pre-market trading. GNW shares have dropped 33.62% over the past 52 weeks, while the S&P 500 index has gained 15.36% in the same period. Carnival Corporation (NYSE: CCL) dipped 1.55% to $32.44 in the pre-market session. CCL's...