Strongest Leg of Industry Recovery Yet to Come, Says Analyst
NEW YORK, NY, January 10, 2006. JP Morgan Chase analyst Harry Curtis has offered a highly optimistic appraisal of the lodging industry's near-term prospects.
According to Curtis, the industry has moved into the longest and strongest leg of the lodging up-cycle. Revenue and EBITDA outperformance could last three-five more years and stock outperformance could last another two-three years, Curtis said in a note to investors.
JP Morgan Chase estimates higher than expected RevPAR growth of 9%, compared to other analysts' forecasts of 8%. Through 2007, the firm sees supply growth in most destinations of 1% or less, while room demand grows at 3-4%.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
