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- Corporate earnings rise despite weak revenue
This earnings season has shown that corporate America has been able to increase profit amid flat or declining revenue by squeezing expenses, such as employees' pay. About 70% of 428 companies that have reported third-quarter results have topped analysts' projections for profitability, according to FactSet. The Washington Post
(11/12)     
| Real Estate Marketplace | | |
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- Hotel analysts forecast industry growth despite storm damage
The U.S. lodging industry is expected to see performance improvements this year and in 2013 despite loss of business caused by Hurricane Sandy, a panel of industry experts said during the AH&LA Fall Conference held this week alongside the International Hotel, Motel + Restaurant Show in New York. "Despite Sandy, the underlying trajectory of travel remains," said Warren Marr, a managing director at PricewaterhouseCoopers. Hotel Management online
(11/11)
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PwC expects weaker revenue growth for hotel industry: PricewaterhouseCoopers reduced its estimates for hotel-revenue growth this year and in 2013 over the effects of Hurricane Sandy and underwhelming third-quarter results from hotel firms. The group cut its growth forecast for revenue per available room this year to 6.6% from the 7.2% growth predicted in August. RevPAR growth in 2013 is expected to reach 5.4%, against an earlier forecast of 5.6%. The group predicts that room rates this year will rise 4.1%, down from 4.6% predicted earlier. Travel Weekly
(11/12)
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Register Today for REITWorld 2012
REITWorld 2012®: NAREIT's Annual Convention for All Things REIT® brings together REIT and real estate executives, investors, industry leaders and academic experts in one setting to share their specialized knowledge and experience.
This year, conference sessions will connect macroeconomic data and views with the meaningful perspectives from four market segments: Health Care, Housing, Business-to-Business real estate and Consumer-Oriented real estate. Attendees will gain understanding and insight into the opportunities, business models and economic drivers from the experienced leadership participating in the event. For more information, including the schedule and participants, visit www.reit.com/reitworld2012.
| Policy Watch | | |
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- EU lawmakers step up pace to meet Basel III deadline
European lawmakers remain committed to implementing standards to meet Basel III capital requirements by a Jan. 1 deadline, accelerating a schedule of meetings on the subject. Even so, some lawmakers say they might have to extend the deadline to February. U.S. regulators recently said they won't be able to implement Basel III by Jan. 1. Reuters
(11/12), The Wall Street Journal
(11/12)
- Sandy may help tax-exempt status of municipal bonds
Issuers of municipal bonds are exploring the idea of a "Hurricane Sandy Recovery Bond." Such a program would permit municipalities and states to use tax-exempt financing to rebuild after last month's storm. As an offshoot, many are hoping that a recovery-bond approach will show Congress that municipal bonds need to retain their tax-free status. The Bond Buyer (free content)
(11/12)
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