Hotels, Resorts & Cruise Lines

7 Days Group Holdings Limited (SVN), a leading economy hotel chain based in China, recently announced the opening of 231 net hotels in 2010. Among these, 85 were leased-and-operated hotels and 146 were managed hotels. The number of units opened was way ahead of the company's targeted range of 170...

7 Days Group Holdings Limited (SVN), a leading economy hotel chain based in China, recently announced the opening of 231 net hotels in 2010. Among these, 85 were leased-and-operated hotels and 146 were managed hotels. The number of units opened was way ahead of the company's targeted range of 170...

BETHESDA, Md., Jan. 12, 2011 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) today announced several moves on its board of directors. William J. Shaw, Marriott's vice chairman of the company, has resigned from the board effective upon adjournment of the board's meeting February 11, in...

Shares of Ctrip.com International (NASDAQ: CTRP) are lower on the session by 4.71%, trading at $43.93. Overall put volume is now running at 2.00x the daily average, with 39% of all puts traded being purchases on the offer. 4,177 contracts have traded on the session so far. Ctrip.com International...

Goldman Sachs believes the airline's lackluster December monthly traffic growth could dampen any investor expectations for a meaningful recovery in traffic demand in December following similarly mild growth in November, which might have incorporated some post-Expo slowdown. GS Chinese airlines...

J.P. Morgan is raising its PT on Gaylord Entertainment (NYSE: GET) to $45 from $40. “Our year-end 2011 price target is $45 (up from $40), which we base on a property-level sum-of-the-parts analysis that uses a blended multiple of 11.7x our 2012 CCF estimate,” J.P. Morgan writes. “We think this...

J.P. Morgan is raising its PT on Marriot International (NYSE: MAR) from $44 to $48. “Our year-end 2011 price target is $48 (up from $44), which we derive by applying a 13x multiple to our 2012E EV/EBITDA and implies a ~26x multiple on our 2012E EPS, which is in line with our projected EPS growth...

J.P. Morgan is raising its PT on Starwood Hotels & Resorts (NYSE: HOT) to $71 from $66. “Our year-end 2011 price target, which we derive by using a blended net asset value/sum-of-the-parts approach,” J.P. Morgan writes. “We value HOT's owned hotels at ~$330,000 per key (up from ~$317,500 per...

• JP Morgan (NYSE:JPM) has downgraded Goldman Sachs (NYSE:GS) from "overweight" to "neutral" rating because of valuation concerns, setting a target price of $175 • AIG (NYSE:AIG) has planned  to sell off its Taiwan life insurance unit for $2.16 billion • Cliffs Natural Resources (NYSE:CLF) has...

• JP Morgan (NYSE:JPM) has downgraded Goldman Sachs (NYSE:GS) from "overweight" to "neutral" rating because of valuation concerns, setting a target price of $175 • AIG (NYSE:AIG) has planned  to sell off its Taiwan life insurance unit for $2.16 billion • Cliffs Natural Resources (NYSE:CLF) has...

Following a year of rapid growth in Asia with six Wyndham branded hotel openings in China and another seven under construction, Wyndham Hotel Group, part of Wyndham Worldwide Corporation (NYSE: WYN), today announced the signing of a franchise agreement to open its first Wyndham Hotels and Resorts®...

Marriott International, Inc. (NYSE: MAR) announced today that William J. Shaw, a 37-year veteran and vice chairman of the company since 2009, plans to retire effective March 31.

Cusick's Corner The market is at excessive levels and in condition of being overbought (with no real selling except for a small amount last week); no trend reversal has materialized yet. There are two ways that this environment can work itself out: 1) by grinding in a range, which the Small Caps...

Shanghai-based Home Inns & Hotels Management Inc (HMIN) is all set to capitalize on China's secular growth story by further increasing its presence in that country. Home Inns is planning to expand its portfolio in China from 818 hotels in 2010 to 1,100 by the end of 2011. The company is...

Shanghai-based Home Inns & Hotels Management Inc (HMIN) is all set to capitalize on China's secular growth story by further increasing its presence in that country. Home Inns is planning to expand its portfolio in China from 818 hotels in 2010 to 1,100 by the end of 2011. The company is...