|Bid||32.00 x 900|
|Ask||35.70 x 800|
|Day's range||33.63 - 36.40|
|52-week range||25.39 - 71.02|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||16.41|
|Forward dividend & yield||1.26 (3.39%)|
|1y target est||53.00|
Marriott (MAR) CEO Arne Sorenson has announced that he will not be taking a salary for the rest of the year, responding to the fallout from the coronavirus.
The owner of the Holiday Inn chain has been highlighted by analysts as among the European companies most directly exposed to the epidemic. The group had begun to see an impact on bookings in late January and has now closed or partially closed 160 of its 470 hotels in Greater China, it said on Tuesday. The company's annual results on Tuesday showed that revenue per available room (RevPAR) had already declined by 4.5% last year in Greater China while performance in European and U.S. markets was little changed.
The Zacks Analyst Blog Highlights: Marriott Vacations Worldwide, Hilton Worldwide, Wyndham Hotels & Resorts and InterContinental Hotels
InterContinental Hotels Group PLC (IHG) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Marriott Vacations' (VAC) strong revenue-building capacities, digital innovations and synergies from the ILG acquisition are encouraging.
Marriott Vacations' (VAC) contract sales in the third quarter are likely to be impacted by nearly $6-$8 million due to Hurricane Dorian.
InterContinental Hotels Group (IHG) reported a marginally higher first-half room revenue on Tuesday, though fewer business travellers in China and protests in Hong Kong led to a decline in demand from Greater China. The owner of brands such as Crowne Plaza, Holiday Inn and Hotel Indigo said revenue per available room (RevPAR), the industry's key performance measure, rose 0.1% for the six months ended June 30.
Revenue per available room (RevPAR), a key industry measure, inched up 0.1%, though in Greater China, where IHG operates around 400 hotels, the measure eased 0.3%, which it blamed on a dip in business travel and protests in Hong Kong. IHG has so far been largely insulated from the bruising trade wars, with its operations in China focused on domestic travellers, limiting exposure to international conflicts, the group's finance chief Paul Edgecliffe-Johnson said.
Based on InterContinental Hotels Group PLC's (LON:IHG) earnings update in December 2018, analyst consensus outlook...