Abstract: When times are good, flush consumers are more likely to hit the road and roll the dice. Like many other industries, the hotel and gaming sectors depend on solid economic fundamentals to support growth because such conditions invariably create more disposable income for individuals and result in higher consumer and business confidence. On the heels of slumping housing prices, uncertain credit markets, rising food and energy prices, mounting unemployment, reduced net worth, and higher borrowing costs, however, economic fundamentals right now are anything but solid. And when times are dicey, consumers are more likely to stay at home and keep their money in their pockets, behavior that greatly dampens the prospects for hotels and gaming. With disposable income beginning to

Brief Excerpt: RESEARCH Ratings Definitions Hotels & Gaming: The Odds Favor Consumers Staying At Home Publication date: 02-Oct-2008 Credit Market Services: Beth Ann Bovino, Senior Economist, New York (1) 212-438-1652; bethann_bovino@standardandpoors.com...

Report Type: Commentary
Sector: Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, International Public Finance, Public Finance, Real Estate Companies, Residential MBS, Servicer Evaluations, Sovereigns, Structured Finance, Utilities
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 

 S&P Credit Research
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.