The leisure
industry is as important as any other industry from a financial perspective
because million of dollars are earned by this industry annually. This industry
comes under the tertiary sector of the economy. Hotels and restaurants are
required to not only provide food but also room services to the customers. The
industry has grown exponentially over the years because the quality of its
services and due to the changing life styles of the people; the changing life
style of the people incorporates the fact that people nowadays like getting
food from good restaurants for a change. Similarly, hotels are required for
businessman who travels for business trips, for people going out for vocations
or for any other reason. This is perhaps the primary reason why the hotels and
restaurants are so popular among masses. The hotels and restaurants obviously
need high level of finance due to the very nature of the business. Hence many of
the hotels and restaurants are public limited companies which offer their
stocks to the general public in order to meet their capital requirements.
In order to
check the financial standing of this industry, the latest news needs to be
analyzed. The latest news indicates
Starwood Hotels group has experienced a growth in high end, travel premium
brands and also expects an expanding fast and incorporating new technologies.
This massive growth is expected to increase the overall financial standing of this
company. In addition to this, the industry has experienced growth and the
overall earnings and the sales of this industry have increased contrary czr stock quote
that has shown a weak performance.. The financial experts expect
the industry to grow and prosper overtime.
The
financial performance in the stock market has been quite satisfying. The stock
prices of the industry have increased by 0.72% in just one day. If the whole
year is taken into account, the industry stock prices have increased by 19.23%
which shows a huge margin for capital gain for the investors. According to the
financial experts, the most top rated stocks include Ark Restaurants Corp and
BJ's Restaurants, Inc.
The
individual performances of the companies are discussed in this paragraph. Beginning with the stock performance of
Hilton Worldwide Holdings Inc, the stock price stared off at $22.08 in the
beginning of the month but reached to a level of $21.58 recently. Moving on,
Marriott International’s stock performance has also improved. Its stock prices
started off at $58.55 but reached to a level of $58.80 recently, this increase
is for the current month. Furthermore, Wyndham Worldwide Corporation’s stock
performance shows a somewhat slight decline in performance; the stock was traded
at $71.52 but reached to a level of $70.86 which means that the demand for the
company’s stock has slightly fallen in the current month.
All in all,
the industry’s stock prices have increased and thus it is a good site for
investment. For more interesting facts, visit bidnessetc.com, the best platform
for investment information.
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