International Business News - HST http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of hotel real estate investment trusts dropped further on Monday amid a global market sell-off, after a gloomy forecast by Marriott International Inc. last week heightened investors' worries about the already-battered industry. http://www.ibtimes.com/articles/20081006/shares-of-hotel-reits-drop-amid-global-sell-off.htm Mon, 06 Oct 2008 13:21:51 EDT Shares of Marriott International Inc. dropped on Wednesday ahead of the hotel company's third-quarter earnings release, after analysts said economic turbulence is likely to depress its 2009 guidance. http://www.ibtimes.com/articles/20081001/marriott-shares-fall-ahead-of-3q-earnings-release.htm Wed, 01 Oct 2008 17:48:08 EDT Shares of hotel companies dropped on Monday--and plunged further after the House rejected a $700 billion bailout of the U.S. financial system--as the travel outlook for 2009 grew gloomier amid the escalating economic crisis. http://www.ibtimes.com/articles/20080929/hotel-stocks-drop-as-2009-travel-outlook-worsens.htm Mon, 29 Sep 2008 15:15:41 EDT Shares of Starwood Hotels & Resorts Worldwide Inc. dropped sharply on Monday, hitting a five-year low, as an analyst downgraded the stock to "Hold" and pessimism about business and leisure hotel demand continued to build. http://www.ibtimes.com/articles/20080929/starwood-shares-downgraded-drop-to-new-5-year-low.htm Mon, 29 Sep 2008 13:09:14 EDT A JPMorgan analyst on Thursday said the lodging industry will be hurt by declining corporate travel business, growing room cancellations and tough rate negotiations with corporate clients, as well as softening international revenue. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-lodging-industry.htm Thu, 25 Sep 2008 09:28:52 EDT Host Hotels & Resorts Inc. has said its board declared a regular quarterly dividend of 20 cents. The real estate investment trust said the dividend is payable Oct. 15 to shareholders of record Sept. 30. http://www.ibtimes.com/articles/20080923/host-hotels-resorts-sets-quarterly-dividend.htm Tue, 23 Sep 2008 11:47:08 EDT Among the premarket activity stories for Friday, Sept. 19, from AP Financial News: NEW YORK (AP)--An analyst on Friday downgraded teen apparel retailer Aeropostale Inc. to "Neutral," saying she is increasingly concerned about a sales deceleration expected in the coming months. http://www.ibtimes.com/articles/20080919/premarket-roundup-aeropostale-gap.htm Fri, 19 Sep 2008 10:13:35 EDT An analyst downgraded Host Hotels & Resorts Inc. Friday, saying the stock's current performance is not likely to hold up given economic conditions and credit concerns. http://www.ibtimes.com/articles/20080919/analyst-downgrades-host-on-economic-conditions.htm Fri, 19 Sep 2008 07:58:27 EDT Host Hotels & Resorts Inc. said Thursday its European joint venture agreed to buy six hotels for about 131 million euros ($184.9 million), advancing its expansion into Germany and France. http://www.ibtimes.com/articles/20080911/host-hotels-european-venture-buys-6-hotels.htm Thu, 11 Sep 2008 08:37:31 EDT A Goldman Sachs analyst said late Monday that the lodging industry may remain under pressure for up to 17 months before the market improves, pointing to a gloomier outlook for 2009. http://www.ibtimes.com/articles/20080729/analyst-predicts-longer-lodging-industry-slump.htm Tue, 29 Jul 2008 16:00:44 EDT A Wachovia Capital Markets analyst cut his ratings for five lodging companies on Thursday, predicting that revenue per available room will drop 3 percent in 2009 across the top 25 markets. http://www.ibtimes.com/articles/20080717/analyst-predicts-lodging-industry-revpar-declines.htm Thu, 17 Jul 2008 14:47:57 EDT Among the earnings stories for Wednesday, July 16, from AP Financial News: BETHESDA, Md. (AP)--Host Hotels & Resorts Inc. reported improved second-quarter results on Wednesday, but reduced its guidance for the rest of the year to reflect increasing weakness in its transient and group business. http://www.ibtimes.com/articles/20080716/earnings-roundup-host-hotels-texas-capital.htm Wed, 16 Jul 2008 19:11:13 EDT Among the earnings stories for Wednesday, July 16, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080716/earnings-roundup-wells-fargo-abbott-labs.htm Wed, 16 Jul 2008 10:32:30 EDT Among the earnings projection stories for Wednesday, July 16, from AP Financial News: ST. PAUL, Minn. (AP)--Medical device maker St. Jude Medical Inc. raised its 2008 earnings forecast on Wednesday for the second time, and said it expects its third-quarter profit that would top Wall Street's estimates. http://www.ibtimes.com/articles/20080716/outlook-roundup-st-jude-medical-host-hotels.htm Wed, 16 Jul 2008 10:16:38 EDT Host Hotels & Resorts Inc., on Wednesday cut its full-year outlook and offered third-quarter guidance below Wall Street expectations. The company now forecasts funds from operations between 27 cents to 29 cents per share for the third quarter and $1.75 to $1.85 per share for the full year. http://www.ibtimes.com/articles/20080716/host-hotels-resorts-lowers-2008-outlook.htm Wed, 16 Jul 2008 09:41:02 EDT Host Hotels & Resorts Inc. reported improved second-quarter results on Wednesday, but reduced its guidance for the rest of the year to reflect increasing weakness in its transient and group business. http://www.ibtimes.com/articles/20080716/host-hotels-2nd-qtr-results-up-nearly-17-percent.htm Wed, 16 Jul 2008 16:56:57 EDT An analyst upgraded shares of Host Hotels & Resorts Inc. on Thursday, citing the real estate investment trust's relatively low price and strong balance sheet. http://www.ibtimes.com/articles/20080626/analyst-upgrades-host-hotels-shares-to-outperform.htm Thu, 26 Jun 2008 15:51:25 EDT The hotel industry is adding new rooms as the economy is weakening, and that could mean rates may grow more slowly than they have in the past. The pipeline for additions and new construction is at an all-time high, according to Goldman Sachs analyst Steven E. Kent. He's concerned that soft demand and surging room supplies could weigh on profits as room rate growth slows. http://www.ibtimes.com/articles/20080522/market-spotlight-lodging-companies.htm Thu, 22 May 2008 17:03:33 EDT Shares of real estate investment trusts closed mostly lower Tuesday as consumer confidence declined further in April amid increased concerns about soaring inflation and the weakening job market. http://www.ibtimes.com/articles/20080429/closing-glance-reits-fall-as-consumer-confidence-dips.htm Tue, 29 Apr 2008 16:27:18 EDT Shares of real estate investment trusts were mixed Tuesday morning as consumer confidence slipped further in April amid heightened concerns about soaring inflation and the weakening job market. http://www.ibtimes.com/articles/20080429/opening-glance-reits-mixed-as-consumer-confidence-slips.htm Tue, 29 Apr 2008 10:12:12 EDT