Bear Stearns Introduces Major Lodging Industry Study: The 1997 U.S. Lodging Almanac.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NEW YORK--(BUSINESS WIRE)--May 8, 1997-- Presents Key Investment Points and Outlines Success Factors for Industry "In our opinion, there is still growth potential for the lodging industry as supply/demand fundamentals remain positive, the trend toward consolidation continues, and the general economic outlook remains bright," predicts Jason N. Ader, a managing director and senior lodging industry analyst with Bear, Stearns & Co. Inc., in his report entitled: The 1997 U.S. Lodging Almanac almanac, originally, a calendar with notations of astronomical and other data. Almanacs have been known in simple form almost since the invention of writing, for they served to record religious feasts, seasonal changes, and the like. . "And although we see the days when any lodging company could prosper as coming to an end, we also believe that the strongest companies with savvy management, a clear corporate vision, and an orientation toward growth (both through acquisitions and expanding existing business lines) will be positioned to prosper." The 225-page 1997 U.S. Lodging Almanac is one of the most comprehensive studies of the lodging industry ever conducted. As a reference tool, the almanac provides investors with detailed information about current and historical market conditions, lodging and economic cycles, supply and demand information, and construction outlooks. The document is a unique national perspective of the lodging industry for investors who wish to understand the dynamics behind the existing markets and potential new markets. The almanac also includes summary reports, income statement trends, and financial information and earnings projections for 22 publicly traded lodging companies. This report also details the Bear, Stearns' brand segmentation analysis. Lastly this report provides a detailed guide to lodging expansion and development in the U.S. Major findings of the report are as follows: -- Given Historical Trends in the Lodging Industry, We Advise Select Investing. -- Demand Continues to Outpace Supply in the Luxury and Deluxe Segments of the Full-Service Sector. -- Supply/Demand Growth Equalize e·qual·ize v. e·qual·ized, e·qual·iz·ing, e·qual·iz·es v.tr. 1. To make equal: equalized the responsibilities of the staff members. 2. To make uniform. in Remaining Segments. -- Lodging Industry Performance is Vulnerable to Economic Downturn. -- Consolidation Wave is Expected to Continue. -- Low Risk of Widescale Overbuilding. Bear, Stearns & Co. Inc., a leading worldwide investment banking and securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the and brokerage firm, is the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ). With approximately $10.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, asset management, correspondent clearing, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , and custody services. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has over 8,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, and San Francisco; and an international presence in Beijing, Buenos Aires, Dublin, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai, Singapore, and Tokyo. CONTACT: Mary Flounders Green, (212) 272-4356 |
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