Originally Posted by
VA1379
I don't expect much better results from the other hotel companies that are listed on the stock exchanges. Travel is down across the board, and the parent companies will have lower fees from their franchised hotel properties.
Cutting amenities to elite members will be negative in the long run, but it will have little impact on current earnings. Until Corporate America starts to increase travel budgets en masse, you will not see a recovery in any hotel company's bottom line.
HHC (Now private) and HOT obtain a fair amount of their profits typically from the properties they own - unfortunately in an economy like this those properties tend to put a large drain on the organization