HSBC Global Research: Leisure Sector
Date: 16 November 2011
Language: English
Pages: 154
詳細內容如下:
Investment summary 4
Top-down positioning 7
Leisure vs the market 10
Do companies see it coming? 12
Risk-reward analysis 14
Cruises 16
Carnival Corp and Plc 26
Royal Caribbean 30
Hotels 34
Accor 44
IHG 48
Whitbread 52
Pubs 56
JD Wetherspoon 66
Greene King 70
Marston’s 74
Mitchells & Butlers 78
Tour operators 82
Thomas Cook 92
TUI Travel 96
Company and sub-sector overviews 101
Appendices 133
Disclosure appendix 148
Disclaimer 152
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