Consumer Business Rewind: Marriott & Other Hotels’ POTENTIALS, Penney’s Links With COSMO
Shares of Starwood Hotel & Resorts Worldwide, Inc. (NYSE:HOT), Hyatt Hotels Corporation (NYSE:H), Marriott International, Inc. (NYSE:MAR), and Host Hotels & Resorts, Inc. (NYSE:HST) might well be monitored, as Nomura says that United States hotel chains are enjoying increasing traffic, with the luxury and upscale segments both exhibiting impressive gains in revenue per available room in August. Moreover, the analyst predicts that the momentum will sustain during the second half for the industry.
J.C. Penney & Co. (NYSE:JCP) and Cosmopolitan are partnering, with the magazine introducing a new line at the historic retailer’s stores. The move coordinates with JCP’s broad strategy of taking its clothing from “dowdy” to chic.
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