Regular readers of my columns over the past six weeks know that I have become increasingly positive on the domestic hotel sector. All three of my selections (I, II, III) within the sector have done well since being profiled. I think we are in the early innings of this upward move as the fundamentals of the sector continue to strengthen. This can be seen in the recent strong earnings report from Starwood Hotels & Resorts (HOT) where its occupancy rates in North America reached a record 76% as business travel rebounds. It can also be seen in the dismal results of Expedia (EXPE) where average room revenue went down...
FelCor Lodging Trust: Transformation Will Unlock Significant Gains
Jul 30 2013, 12:01 | about: FCH
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