“Fitch Solutions: CDS Liquidity Rising for Travel & Leisure; Media CDS Widens - Reuters” plus 4 more |
- Fitch Solutions: CDS Liquidity Rising for Travel & Leisure; Media CDS Widens - Reuters
- Travel + Leisure online airport guide to restaurants, shops and bars - Los Angeles Times
- Flu Outbreak Batters Local Leisure Industry - Korea Times
- Affinion Group Challenges Traditional Pay-Per-Trip Model of Travel Insurance Plans - Reuters
- SPA LUX Recognized as Being One of Top 25 American Hot Spots - PRLog.Org (press release)
| Fitch Solutions: CDS Liquidity Rising for Travel & Leisure; Media CDS Widens - Reuters Posted: 03 Nov 2009 09:04 AM PST NEW YORK & LONDON--(Business Wire)-- In another heavy week of earnings announcements, several travel & leisure companies are showing rising liquidity with tightening spreads, while spreads are widening among some major media companies, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week. 'There remains concern in the travel and leisure sector, despite tightening spreads, of the strength in the pick up in consumption on hotels, car rental, luxury cruises and gambling,' said Author and Managing Director Thomas Aubrey. 'Additionally, widening spreads among cable and media companies may be pointing to prolonged tension between various U.S. television networks and their affiliates regarding cable and satellite television revenues.' North America: AmerisourceBergen Corporation (CONSUMER SERVICES/Food & Drug Retailers) Credit spreads have widened over the last three months with the five-year point widening from 38 bps to 49 basis points (bps), an increase of 31%. Liquidity on AmerisourceBergen Corporation decreased from trading in the 51st percentile to the 59th percentile. Its liquidity score decreased from 9.10 to 9.61 over the three-month period. Avis Budget Group, Inc. (CONSUMER SERVICES/Travel & Leisure) Credit spreads have tightened over the last three months with the five-year point tightening from 869 bps to 631 bps, a decrease of 27%. Liquidity on Avis Budget Group, Inc. increased from trading in the 12th percentile to the seventh percentile. Its liquidity score decreased from 7.45 to 7.47 over the three-month period. Cablevision Systems Corporation (CONSUMER SERVICES/Media) Credit spreads have tightened over the last three months with the five-year point tightening from 427 bps to 395 bps, a decrease of 8%. Liquidity on Cablevision Systems Corporation increased from trading in the 44th percentile to the 24th percentile. Its liquidity score increased from 8.80 to 8.25 over the three-month period. Cardinal Health, Inc. (CONSUMER SERVICES/Food & Drug Retailers) Credit spreads have widened over the last three months with the five-year point widening from 36 bps to 51 bps, an increase of 41%. Liquidity on Cardinal Health, Inc. decreased from trading in the 26th percentile to the 29th percentile. Its liquidity score decreased from 8.11 to 8.41 over the three-month period. CBS Corporation (CONSUMER SERVICES/Media) Credit spreads have tightened over the last three months with the five-year point tightening from 221 bps to 186 bps, a decrease of 16%. Liquidity on CBS Corporation remained trading in the first percentile. Its liquidity score decreased from 6.63 to 6.89 over the three-month period. Comcast Corporation (CONSUMER SERVICES/Media) Credit spreads have widened over the last three months with the five-year point widening from 89 bps to 146 bps, an increase of 64%. Liquidity on Comcast Corporation decreased from trading in the 14th percentile to the 15th percentile. Its liquidity score decreased from 7.51 to 7.82 over the three-month period. CVS Caremark Corporation (CONSUMER SERVICES/Food & Drug Retailers) Credit spreads have widened over the last three months with the five-year point widening from 40 bps to 50 bps, an increase of 24%. Liquidity on CVS Caremark Corporation decreased from trading in the 18th percentile to the 20th percentile. Its liquidity score decreased from 7.74 to 8.08 over the three-month period. International Game Technology (CONSUMER SERVICES/Travel & Leisure) Credit spreads have tightened over the last three months with the five-year point tightening from 187 bps to 116 bps, a decrease of 38%. Liquidity on International Game Technology decreased from trading in the 47th percentile to the 70th percentile. Its liquidity score decreased from 8.89 to 10.17 over the three-month period. MGM MIRAGE (CONSUMER SERVICES/Travel & Leisure) Credit spreads have tightened over the last three months with the five-year point tightening from 1370 bps to 1163 bps, a decrease of 15%. Liquidity on MGM MIRAGE increased from trading in the 17th percentile to the 12th percentile. Its liquidity score decreased from 7.68 to 7.72 over the three-month period. Omnicare, Inc. (CONSUMER SERVICES/Food & Drug Retailers) Credit spreads have tightened over the last three months with the five-year point tightening from 390 bps to 317 bps, a decrease of 19%. Liquidity on Omnicare, Inc. increased from trading in the 61st percentile to the 49th percentile. Its liquidity score increased from 9.72 to 9.12 over the three-month period. Royal Caribbean Cruises Ltd. (CONSUMER SERVICES/Travel & Leisure) Credit spreads have tightened over the last three months with the five-year point tightening from 701 bps to 542 bps, a decrease of 23%. Liquidity on Royal Caribbean Cruises Ltd. increased from trading in the 28th percentile to the 23rd percentile. Its liquidity score decreased from 8.15 to 8.21 over the three-month period. Sinclair Broadcast Group, Inc. (CONSUMER SERVICES/Media) Credit spreads have tightened over the last three months with the five-year point tightening from 2210 bps to 951 bps, a decrease of 57%. Liquidity on Sinclair Broadcast Group, Inc. decreased from trading in the 78th percentile to the 98th percentile. Its liquidity score decreased from 10.89 to 16.84 over the three-month period. Sysco Corporation (CONSUMER SERVICES/Food & Drug Retailers) Credit spreads have tightened over the last three months with the five-year point tightening from 39 bps to 34 bps, a decrease of 11%. Liquidity on Sysco Corporation decreased from trading in the 71st percentile to the 81st percentile. Its liquidity score decreased from 10.37 to 11.38 over the three-month period. Thomson Reuters Corporation (CONSUMER SERVICES/Media) Credit spreads have tightened over the last three months with the five-year point tightening from 76 bps to 65 bps, a decrease of 15%. Liquidity on Thomson Reuters Corporation decreased from trading in the 84th percentile to the 96th percentile. Its liquidity score decreased from 11.88 to 15.66 over the three-month period. Time Warner Cable, Inc. (CONSUMER SERVICES/Media) Credit spreads have widened over the last three months with the five-year point widening from 90 bps to 159 bps, an increase of 77%. Liquidity on Time Warner Cable, Inc. increased from trading in the 25th percentile to the 16th percentile. Its liquidity score increased from 8.1 to 7.86 over the three-month period. Time Warner Inc. (CONSUMER SERVICES/Media) Credit spreads have widened over the last three months, the five-year point widened from 40 bps to 56 bps, an increase of 37.69%. Liquidity on Time Warner Inc. increased from trading in the 16th percentile to the 12th percentile. Its liquidity score decreased from 7.64 to 7.73 over the three-month period. Viacom Inc (CONSUMER SERVICES/Media) Credit spreads have widened over the last three months with the five-year point widening from 87 bps to 90 bps, an increase of 4%. Liquidity on Viacom Inc decreased from trading in the 27th percentile to the 40th percentile. Its liquidity score decreased from 8.13 to 8.74 over the three-month period. Europe: British Airways plc (CONSUMER SERVICES/Travel & Leisure) Credit spreads have tightened over the last three months with the five-year point tightening from 691 bps to 522 bps, a decrease of 24%. Liquidity on British Airways plc decreased from trading in the fourth percentile to the seventh percentile. Its liquidity score decreased from 7.4 to 7.67 over the three-month period. FirstGroup plc (CONSUMER SERVICES/Travel & Leisure) Credit spreads have tightened over the last three months with the five-year point tightening from 258 bps to 180 bps, a decrease of 30%. Liquidity on FirstGroup plc decreased from trading in the 76th percentile to the 88th percentile. Its liquidity score decreased from 10.44 to 12.06 over the three-month period. ITV PLC (CONSUMER SERVICES/Media) Credit spreads have tightened over the last three months with the five-year point tightening from 447 bps to 410 bps, a decrease of 8%. Liquidity on ITV PLC decreased from trading in the third percentile to the ninth percentile. Its liquidity score decreased from 7.33 to 7.7 over the three-month period. Asia: Oriental Land Co., Ltd (CONSUMER SERVICES/Travel & Leisure) Credit spreads have tightened over the last three months with the five-year point tightening from 47 bps to 36 bps, a decrease of 23%. Liquidity on Oriental Land Co., Ltd increased from trading in the 73rd percentile to the 64th percentile. Its liquidity score increased from 12.57 to 12.37 over the three-month period. Author Contact: Thomas Aubrey +44 (0)20 7682 7226, London or Jonathan Di Giambattista +1-212-908-0273, New York. Fitch Solutions, a division of the Fitch Group, focuses on the development of fixed-income products and services, bringing to market a wide range of data, analytical tools and related services. The division is also the distribution channel for Fitch Ratings content. The Fitch Group also includes Fitch Ratings and Algorithmics, and is a majority-owned subsidiary of Fimalac, S.A. For additional information, please visit 'www.fitchsolutions.com'; 'www.fitchratings.com'; 'www.algorithmics.com'; and 'www.fimalac.com'. Fitch Solutions Peter Fitzpatrick, + 44 (0)20 7417 4364 (London) peter.fitzpatrick@fitchratings.com Media Relations: Sandro Scenga, +1-212-908-0278 (New York) sandro.scenga@fitchratings.com Copyright Business Wire 2009 © Thomson Reuters 2009 All rights reserved This content has passed through fivefilters.org. | |
| Travel + Leisure online airport guide to restaurants, shops and bars - Los Angeles Times Posted: 02 Nov 2009 02:17 PM PST It's a common dilemma when passing through an airport: What should I eat? Where's the bar? Are there any good gift stores, because I forgot to get my kids/spouse/mother something on my trip. If you're racing through the airport with 20 minutes before boarding or stuck on a layover for four hours — Travel + Leisure's Airport Navigator has the answers to those questions and more for 20 different airports around the globe. It's not just a list of fast-food options or bookstores that are easy to find — the guide lets you know if it's a swanky restaurant like El Madrono in Madrid Barajas International Airport (MAD), or the much admired Tiffany & Co. jewelry store in Hong Kong (HKG). Unfortunately, there aren't any airports covered within the U.S., but the editors are not done adding to the list (the guide launched this past Aug. 22). 20 Airport Navigator sites covered so far: EUROPE — Schipol (AMS in Amsterdam), Munich International (MUC in Germany), Atatürk (IST in Istanbul, Turkey), Charles de Gaulle (XDT in Paris), Heathrow (LHR in London), Leonardo da Vinci-Fiumicino (FCO in Rome), Barajas International (MAD in Madrid); ASIA: Capital International (PEK in Beijing), Changi Airport (SIN in Singapore), Hong Kong International (HKG), Narita International (NRT in Tokyo); US + Canada: Toronto Pearson International (YYZ), Vancouver International (YVR); LATIN AMERICA: Ministro Pistirini International (Ezeiza) (EZE in Buenos Aires), Guarulhos International (GRU in Sao Paulo, Brazil), Mexico City International (MEX); AFRICA & MIDDLE EAST: Cairo International (CAI), OR Tambo International (JNB), Dubai International (DXB); AUSTRALIA: Sydney Airport (SYD)
Tip: I particularly liked the Relax section of the guide to see if there were airport spas like I found in Hong Kong, London and Madrid. What's missing: Where's the map? It's a great to find out where to go, but there were no visual clues telling the traveler where to find the hotspot. That can be a tease for travelers who only have an hour layover and spend 10 minutes hunting down a directory. The directions you do get are in a sidebar on the individual description page for the shop, restaurant or activity listing. But you'll miss them if you're just scanning the main page for the airport. — Jen Leo, Los Angeles Times Travel & Deal blogger [Screenshot of Travel + Leisure Airport Navigator: Credit: www.travelandleisure.com ] This content has passed through fivefilters.org. | |
| Flu Outbreak Batters Local Leisure Industry - Korea Times Posted: 03 Nov 2009 07:39 AM PST
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By Kim Tong-hyung Staff Reporter The year was already shaping up to be a dismal one for Hwang Sun-bae, the 37-year-old head of a Seoul-based travel agency as the flu pandemic has hit the local traveling industry hard. Hwang's company specializes in programs for locals, designing its products around domestic tourist attractions and historical sites, and making most of its revenue from weekend travelers and organizing field trips for companies and other organizations. This isn't exactly a formula for success at a time when people, already reluctant to open their credit-crunched wallets, are thinking twice about stepping out of their homes. "The word 'high-demand' season has become basically meaningless for us this year, as we have seen a sharp drop in orders," said Hwang, who believes that the company's revenue so far in the second-half of the year dropped nearly 30 percent compared to the same period last year. "A lot of our business relies on companies, schools and other organizations, but this seems to be a time when organizations are trying hard not to make any reason for people to gather." The spread of pandemic H1N1 influenza, commonly called swine flu, is having a crippling effect on the country's leisure sector, according to a government report, Tuesday. Airlines, rail, hotels and amusement parks are just some of the businesses hammered by the growing number of people canceling their visits, the Ministry of Strategy and Finance said. The flu fears are also resulting in empty tables at neighborhood restaurants and pubs. Government officials are concerned that the downturn in travel and leisure may have a negative effect on the economy, which has just begun to rebound from the global economic turmoil. Moreover, the H1N1 outbreak is showing signs of becoming a full-blown epidemic here. "The flu outbreak is beginning to hurt industries that are related to outdoor activities and spending, and should this trend continue it might have an effect on the growth rate of the national economy," a ministry official said. The flu outbreak seems to be entering a new peak, with an average of 8,800 new cases confirmed every day last week, compared to the average of 4,400 cases in the previous week. Since mid-August, when the pandemic began taking hold, there have been 42 deaths in the country. According to the ministry and Statistics Korea, previously the National Statistical Office, the country's travel industry contracted by nearly 25 percent year-on-year during the third quarter, and the sector's revenue in September dropped by nearly 32 percent compared to the same month last year. Sales at hotels and resorts dipped 3 percent in the third quarter, compared to last year, while theme parks and public gardens saw a 7.6-percent decline in revenue during the same period, and an 11.6 percent drop during September alone. Rail and bus transportation dipped 5.5 percent and 3.5 percent, respectively, while taxi companies also suffered a nearly 10-percent drop in revenue during the July-September period, with commuters preferring to drive their own cars. Sales at local pubs and restaurants decreased by 7 percent and 2.7 percent each, while sports-related businesses such as stadiums and racing arenas saw their sales go down by 5.7 percent. The growing fears over the flu pandemic even seems to be cracking what has been previously considered unbreakable - Korean parents' zeal for the education of their children. Sales at private academies, or "hagwon," dropped 7 percent during the third quarter with more parents letting their children stay at home. Perhaps, one of the few businesses seeing success under the swine flu cloud is hospitals, which saw their revenue rise more than 10 percent year-on-year during the third quarter. Retailers of medical supplies also enjoyed a 4.3-percent bump in their sales during the same period. A silver lining for the travel industry is that the flu pandemic is having a limited effect on the influx of foreign travelers. According to the Korea Tourism Organization (KTO), about 730,000 foreign tourists visited the country in October, a 12.4-percent increase from the same month last year. In the first nine months of this year, about 5.77 million foreign tourists visited Korea, up 15 percent from 5.02 million a year ago, with Japanese and Chinese travelers making up about 56 percent of the total. The KTO believes that the country will exceed its early-year target of attracting 7.5 million foreign tourists to the country by the end of the year. This content has passed through fivefilters.org. |
| Affinion Group Challenges Traditional Pay-Per-Trip Model of Travel Insurance Plans - Reuters Posted: 03 Nov 2009 06:04 AM PST Affinion Group Challenges Traditional Pay-Per-Trip Model of Travel Insurance Plans Launches "Everyday Travel Insurance" Which Can Automatically Provide Travel Insurance Coverage to Individuals and Families Any Time They Travel More than 100 miles from Home. NORWALK, Conn., Nov. 3 /PRNewswire/ -- Affinion Group, a global leader in customer engagement solutions and one of the ten largest travel and leisure agencies in the US, today unveiled an alternative to the traditional model of pay-per-trip travel insurance. By launching an ongoing subscription-based model for the purchase of travel insurance plans, dubbed "Everyday Travel Insurance," Affinion has created a perpetual travel insurance plan that can automatically cover insureds and their families any time they travel more than 100 miles away from home. This newly-offered insurance plan covers all forms of travel, whether by car, air, train or boat, and can be purchased for either individual or family coverage. According to the United States Travel Insurance Association's travel insurance market survey from 2006-2008, Americans spent more than $1.58 billion in 2008 on all types of travel insurance. Additionally, according to the US Travel Association, almost one third of adults have taken at least five weekend trips in the past year, generally without a travel insurance plan to with help reimbursement for a cancelled hotel reservation, stolen baggage, unexpected medical expenses/emergencies or 24 hour assistance services. "Whether it's a weekend visit to the beach or an amusement park, driving the children to college, or visiting relatives over the holidays, we're aiming to provide a travel plan to individuals and families to cover all of their travel routines," said Tom Rusin, CEO of Affinion North America. "We're challenging the notion that travel insurance should only cover the stand-alone, more expensive trips, and providing an affordable option so that anyone who even occasionally travels more than 100 miles from home can have consistent coverage." "Everyday Travel Insurance" can provide insureds with automatic travel coverage any time they are traveling more than 100 miles from home. The program, which is currently being tested with leading financial institutions, is offered with the following: -- $1,000 trip Cancellation coverage -- $1,000 trip Interruption coverage -- $500 - lost/stolen/damaged baggage and travel documents coverage -- $1,500 travel delay allowance (up to $150 per day) -- 24/7 Assistance Services -- Additional services for emergencies that can happen during a trip "Everyday Travel Insurance" is reasonably priced for individuals and families, and is available in 48 states, excluding North Dakota and Vermont.* For more information, please visit www.affinion.com. About Affinion Group Affinion Group is a global leader in providing comprehensive customer engagement and loyalty solutions that enhance or extend the relationship of millions of customers with many of the largest and most respected companies in the world. Affinion partners with these leading companies to develop and market programs that provide valuable services to their end-customers using 35 years of expertise in customer engagement, creative design and product development. These programs and services enable the company's marketing partners to strengthen their customer relationships, as well as generate significant incremental revenue, as well as strengthen their relationships with their end-customers, which can lead to increased acquisition of new customers, longer retention of existing customers, improved customer satisfaction rates and the increased use of other services provided by our marketing partners. Based in Norwalk, Conn., the company has approximately 3,500 employees throughout the United States and in 10 countries across Europe, and markets in 14 countries globally. Affinion holds the prestigious ISO 27001 certification for the highest information security practices, is PCI compliant and Cybertrust certified. For more company and investor information visit www.affinion.com. *This is only a brief description of the coverage(s) available. The Policy will contain reductions, limitations, exclusions and termination provisions. Insurance underwritten by National Union Fire Insurance Company of Pittsburgh, Pa., a Pennsylvania insurance company, with its principal place of business at 175 Water Street, New York, NY 10038. Is currently authorized to transact business in all states and the District of Columbia. NAIC No. 19445. Coverage may not be available in all states. Travel assistance services provided by Travel Guard. SOURCE Affinion Group Mike Bush, Affinion Group, +1-203-956-8038, mbush@affiniongroup.com © Thomson Reuters 2009 All rights reserved This content has passed through fivefilters.org. | |
| SPA LUX Recognized as Being One of Top 25 American Hot Spots - PRLog.Org (press release) Posted: 03 Nov 2009 07:32 PM PST PRLog (Press Release) – Nov 03, 2009 – Spa Lux, a Luxury Day Spa in Tulsa, Oklahoma has been recognized by Travel & Leisure Magazine as being one of the Top 25 American Hot Spots. A journalist for Travel & Leisure Magazine, Bruce Schoenfeld spends most of his time traveling the country to find the best new and innovative restaurants, hotels, museums, boutiques, and spas in America. After searching each state, this well known journalist compiled a list of his favorites. As stated by Schoenfeld, "Tulsans, too, are surprised to come across a world-class day spa beside a Panera sandwich shop in a strip mall south of downtown. The year-old spa has handcrafted shoji doors, white marble steam rooms, and a hydrotherapy capsule."
Spa Lux was opened 1 year ago, and has already been recognized by two national magazines, DaySpa Magazine and Travel & Leisure Magazine. Owners Taras and Cynthia Tikhomirov wanted to create a destination spa that provides an escape from the everyday world. Visiting creative and luxurious spas in Moscow, London and New York inspired them to re-create that experience in an urban setting, even though Taras states that " A lot of the energy and unique ideas were imagined by Cynthia herself . She is the real inspiration behind the idea of Spa Lux." A place of calmness, relaxation and rejuvenation, Spa Lux has been a very popular destination for both Tulsans and out-of-state guests. The largest luxury day spa in Tulsa, Spa Lux, welcomes both women and men. Guests are invited to experience ultimate relaxation and calmness through the indulgent massages, aroma and hydro-therapies, manicures, pedicures, facials and waxing. The signature therapies at Spa Lux are based on the Holistic approach, which allows healing and rejuvenation to your whole being. Spa Lux is proud to be the only spa in Oklahoma to offer Sundri, one of the most upscale professional lines of products made solely out of natural organic ingredients. Spa Lux is located at 8922 South Memorial Drive, Suite "B", Tulsa, Oklahoma. To book an appointment call (918)-615-3339. Visit Spa Lux on the web at:
View full article in Travel & Leisure Magazine at:
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