Hotel debt. (Wall Street West).Standard & Poor's warned that a prolonged pro·long tr.v. pro·longed, pro·long·ing, pro·longs 1. To lengthen in duration; protract. 2. To lengthen in extent. U.S. war would increase the likelihood of additional downgrades of the debt ratings in the U.S. lodging Lodging or holiday accommodation is a type of accommodation. People who travel and stay away from home for more than a day need lodging mainly for sleeping. Other purposes are safety, shelter from cold and rain, having a place to store luggage and being able to take a industry, singling out Beverly Hills-based Hilton Hotels
With U.S. travel and leisure industry performance expected to decline further in the coming weeks, the magnitude of the decline remains in question, said Craig Parmelee, S&P's credit analyst. Much depends on the war's length. S&P has lowered its debt ratings on much of the industry already in 2002 and in further reductions this year. As it stands, 55 percent of U.S. lodging companies that S&P rates have negative outlooks on their debt ratings. Besides Hilton, it cited Marriott International Marriott International, Inc. (NYSE: MAR) is a worldwide operator and franchisor of a range of value and luxury hotels and related lodging facilities. Marriott currently has 2,300 accommodation properties in North America alone. Inc., Starwood Hotels & Resorts Worldwide Inc. and Four Seasons Hotels Inc. |
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