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S&P Credit Research3037 word report
published Oct 02, 2008
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S&P Credit Research
| Abstract: | It's not necessarily an axiom that stalled economic growth and consumers with less disposable income mean hard times for the casino, lodging, time-share, and fitness club industries. After all, gaming is often considered recession resistant. Lodging can usually rely on global diversification or on business travelers who keep booking rooms even when tourism slips. Timeshare sales have enjoyed year-over-year increases since the early 1990s. And fitness clubs have generally posted good same-store revenue growth (up until the second half of last year). This time may be different, however. Current and projected economic conditions are looking more and more likely to create unavoidable difficulties for these industries. Gaming, for instance, skirted through the last U.S. recession, but cash-strapped consumers have already
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| Brief Excerpt: | RESEARCH Ratings Definitions Industry Credit Outlook: The Economic Slowdown Continues To Weigh On U.S. Gaming, Lodging, And Leisure Sectors Publication date: 02-Oct-2008 Corporate & Government Ratings: Ben Bubeck, CFA, (Gaming), New...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
