This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Winners & Losers: Hotel Stocks

NEW YORK ( TheStreet) -- Hotel stocks were mostly in negative territory Friday as the major indexes slid on economic recovery worries.

Orient-Express Hotels (OEH), InterContinental Hotels (IHG), Gaylord Entertainment (GET) and Morgans Hotel Group (MHGC - Get Report) led the sector lower in terms of share price percentage losses.

Silverleaf Resorts (SVLF) and China-based 7 Days Group Holdings Limited (SVN) bucked the trend, gaining share value in morning trading.

Shares of Orient-Express, the owner or part-owner of 50 hotel and travel properties in 24 countries, including deluxe hotels, grew revenue per available room, or revPAR, in every region it operates last quarter, helping it drastically narrow quarterly losses.

The Bermuda-based hotelier's overall performance was "a solid and better than expected report driven by international markets," Citigroup (C) analysts said.

Orient-Express' performance in the period was far from stellar, but results were a marked improvement from the corresponding period in 2009. RevPAR grew in North America by 16% in local currency. RevPar in South Africa surged 57%, 32% in South America, 12% in Asia Pacific and 1% in Europe.

Quarterly revenue and earnings included insurance income of $2.8 million from PeruRail, which was impacted by the damage to tracks caused by regional floods during the first quarter of 2010.

>> Orient-Express Shares Play Catch Up

InterContinental shares tumbled 3.1% in the first hour of trading. The operator of InterContinental, Crowne Plaza and Holiday Inn hotels said earlier this month it had returned to profitability in the second quarter, and the hotelier increased its dividend by 5% to 12.8 cents per share.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SVN $0.00 0.00%
OEH $10.88 0.65%
IHG $40.41 0.00%
MHGC $1.47 0.00%
AAPL $93.64 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs