Market Currents
SunTrust sifts through global hotel data for July to conclude that soft hotel revenue in Europe...
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Tuesday, August 21, 2012, 4:10 PM ETSunTrust sifts through global hotel data for July to conclude that soft hotel revenue in Europe and a slowdown in Asia could hit the results for Starwood (HOT), InterContinental Hotels (IHG), Hyatt (H), and Marriott International (MAR). Both regions saw revenue per available room (RevPAR) fall after factoring in currency swings. Picking through the sector, the firm sees Wynhdam (WYN) as the best value play.
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