Marriott has a relatively weak pipeline of new hotels, with revenue mostly concentrated in the U.S.
Ctrip faces headwinds as airlines and hotel chains seek to build their own direct sales channel and chip away at the power of travel agents.New competitors pose a threat to Ctrip's business model. These include meta search engines, group deals, and travel distribution platforms that charge hotel
Owned hotels and timeshares comprise only 5% of properties but generate 80% of operating income.
Hyatt generates low returns on capital due to a capital intensive, ownership-driven business model.
Wyndham's timeshare operations are constrained by consumer deleveraging and tight credit conditions.
InterContinental is poised to benefit from a successful relaunch of Holiday Inn and growth in Asia.
Choice has a weak pipeline of new hotel and limited international growth prospects.
Orient is slowly gaining traction on pricing in the post-recessionary environment.
The historic flooding of the Opryland property has hampered Gaylord's operations.
Gaylord has taken on a lot of debt to fund its growth . Any missteps and the firm could quickly find itself in financial trouble . With only four major hotels , Gaylord's operating results are very sensitive to profitability fluctuations at each property . Competition for conventions is fierce as