Home | Business News | Browse by Publication | M | M2 Presswire

Travel sector closing the year strong.

Publication: M2 Presswire
Publication Date: 30-DEC-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 December 2005-SCG: Travel sector closing the year strong(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:30122005

Lightningwire, Houston, TX - Reports of mergers in the hotels portion, of the travel industry, had several stocks closing out the year on an upbeat message. Hilton Hotels Corp (NYSE: HLT) jumped up to close at $24.00, an increase of 7.62%, after it said Thursday it agreed to reunite with Hilton Group Plc, after a 40-year split. The $5.7 billion cash deal, expected to close in the first quarter, does not include HGP's gambling business and will make Hilton the largest company in the lodging industry. Others in the lodging industry which saw action yesterday included Starwood Hotels and Resorts Worldwide (NYSE: HOT) and InterContinental Hotels Group (NYSE: IHG) on speculation that the Hilton merger may be a precursor to further transactions in the sector.

Another issue expected to see increased activity is Onelink4travel, Inc. (OTCBB: OLKT), which said that it will initiate a 30 days trial run of its booking and settlement system...



More articles from M2 Presswire
Twin Trader Alerts for Friday, December 30, 2005 BIGN, CAMH, SDRG, CWP..., December 30, 2005
Twin Trader Alerts for Friday, December 30, 2005 CHID, GZFX, VSTH, SMV..., December 30, 2005
$106,000 Financing Closed., December 30, 2005
Twin Trader Alerts for Friday, December 30, 2005 JCDS, CYGX, FLWE, LBT..., December 30, 2005
APL, AXJ, GCH, MEK, NGAS, SPWR have been on BUYINS.NET naked short lis..., December 30, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.