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  1. Introduction.
  2. Marriott.
    1. Financial performance.
    2. Stock market performance.
    3. Mergers & acquisitions.
    4. New properties.
    5. Refurbishments.
    6. Product development.
  3. Starwood.
    1. Finance.
    2. Stock market performance.
    3. Mergers & acquisitions.
    4. New properties.
    5. Expansion.
    6. Product development.
    7. Loyalty program activity.
    8. Other news.
  4. Hyatt.
    1. Financial performance.
    2. Stock market.
    3. Mergers & acquisitions.
    4. New properties.
    5. Expansion.
    6. Product development.
    7. Loyalty program activity.
  5. InterContinental Hotels Group (IHG).
    1. Financial performance.
    2. Stock market performance.
    3. New properties.
    4. Refurbishments.
    5. Disposals.
    6. Expansion.
  6. Appendices.
  7. Sources of information.

Marriott International's Q1 2005 net income was $145 million, a 27% increase compared to the same period last year. Marriott International recorded earnings per share (EPS) of $0.61 in the first quarter of 2005, up 30% from the same period in 2004.Management fees increased 52%, driven by 9.2 % growth (using actual exchange rate) in global REVPAR. Marriott has continued its share repurchase programme with the repurchase of 5.1 million shares of stock for $328 million. Since 2000, Marriott has repurchased over 54 million shares for $2.2 billion. o In March 2005, Marriott recorded a 3-month share price high of $17.12. However, the share price has since been fluctuating, reflecting the trends within the hospitality sector. o Whitbread has put its 46 Marriott-branded hotels across the UK and Ireland up for sale. Marriott will continue to manage the properties at least until buyers are found. The sale will raise a minimum of £1 billion (US$ 1.92 billion) over the coming two years. o Marriott International added 27 hotels and timeshare units (4,525 rooms) to its portfolio during the first quarter of 2005. o Marriott is planning to open 19 properties by end-2006 in the Asia-Pacific-Australia region, with the opening of resorts in Fiji and China, along with its first hotels in Taiwan and New Zealand.

[...] Holiday Inn hotel offers travellers full-service amenities such as restaurants and room service, swimming pool, and fitness centre and, 24-hour business services. Located only in North and South America near business centres and airports, Holiday Inn Select hotels feature business rooms, 24-hours business services and meeting facilities. These hotels are aimed at family. The hotels provide trained activities Coordinators schedule adult events and supervise children's activities. Full service, mid market, mid price hotels. They are typically located in and around major cities, in smaller cities and airports. [...]


[...] o EMEA operating profit was up 29% from million to £119 million, driven by market share gains in the UK, the ongoing recovery of the Le Grand InterContinental, Paris and growth across its business portfolio . o Asia Pacific operating profit was up 105% from $19 million to $39 million, driven by the strong performance in China and of the InterContinental Hong Kong versus weak comparables of the SARS- affected 2003. o Shareholders in InterContinental Hotels could receive a further billion after more sales from its portfolio of hotels. [...]


[...] The following hotels were highlighted as: o Best Hotel in Guatemala City, Guatemala: Real InterContinental o Best Hotel in El Salvador: Real InterContinental San Salvador o Best Hotels in Caracas Venezuela: Tamanaco InterContinental o Best Hotel in Buenos Aires, Argentina: InterContinental o Best Hotels in Santiago, Chile: InterContinental 4.11 .Other News o InterContinental The Grand Resort in Goa, India has teamed up with Champneys Health Resorts of the UK to offer spa therapies inspired by the ayurvedic treatments. There is no financial investment in the tie- up but the two establishments will operate the service on a revenue- sharing basis Strategy o InterContinental's launch of the Indigo hotels signals its continued focus on the mid market. [...]

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