UBS Research: Leisure http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschstockrschsector&IndCatCode=ENT&MarketCode=GL&MarketCap=X UBS Research: Leisure en Copyright (C) UBS 2009. All rights reserved. eMarketing@ubs.com eMarketing@ubs.com Fri, 3 Jul 2009 Sat, 4 Jul 2009 60 http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschrss http://research.ibb.ubs.com:80/images/logo.gif UBS http://www.ubs.com 160 44 <![CDATA[Greene King "Remain positive" (Buy) Draziotis]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63554|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Restaurants

  • European Restaurants

  • Global Restaurants

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • British Consumer, Cyclical

  • British Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • European Cyclical Goods & Services

  • British Cyclical Goods & Services

  • Global Cyclical Goods & Services


Companies
  • GNK.L Greene King


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Stamatis Draziotis GNK.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63554|native|public|20090703030009 Fri, 3 Jul 2009 <![CDATA[HCI "Simplifying the Suncoast casino holding structure" (Neutral) Mtshali]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueq01033|native|public Regions
  • Global

  • South Africa

  • EMEA Emerging

  • UBSW EMEA

  • Emerging Markets


Sectors
  • Global Investment Services

  • South African Investment Services

  • South African Casinos

  • EMEA Emerging Casinos

  • EMEA Emerging Investment Services

  • Global Casinos

  • EMEA Emerging Consumer, Cyclical

  • EMEA Emerging Leisure Goods & Services

  • EMEA Emerging Financial

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Financial

  • South African Consumer, Cyclical

  • South African Leisure Goods & Services

  • South African Financial

  • EMEA Emerging Cyclical Goods & Services

  • EMEA Emerging Financial Services

  • Global Cyclical Goods & Services

  • Global Financial Services

  • South African Cyclical Goods & Services

  • South African Financial Services

  • Global Emerging Cyclical Goods & Services

  • Global Emerging Casinos

  • Global Emerging Consumer, Cyclical

  • Global Emerging Leisure Goods & Services

  • Global Emerging Financial

  • Global Emerging Financial Services

  • Global Emerging Investment Services


Companies
  • HCIJ.J HCI


Subjects
  • Company Update

  • Morning Note

]]> Sidu Mtshali HCIJ.J http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueq01033|native|public|20090702183440 Thu, 2 Jul 2009 <![CDATA[First Read: Greene King "Full year results " (Buy) Leinster]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63517|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • British Restaurants

  • European Restaurants

  • Global Restaurants

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • British Consumer, Cyclical

  • British Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • European Cyclical Goods & Services

  • British Cyclical Goods & Services

  • Global Cyclical Goods & Services


Companies
  • GNK.L Greene King


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Jonathan Leinster GNK.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63517|native|public|20090702063359 Thu, 2 Jul 2009 <![CDATA[US Weekly RevPAR Update "RevPAR Down 18-19% for Upper Upscale and Urban ..."]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76858|native|public Regions
  • Global

  • Americas


Sectors
  • Global Lodging

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Americas Lodging

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • Americas Cyclical Goods & Services


Companies
  • MAR.N Marriott Intl.

  • GET.N Gaylord

  • CHH.N Choice Hotels

  • FCH.N FelCor Lodging

  • HST.N Host Hotels

  • HOT.N Starwood Hotels

  • HPT.N Hospitality Trust

  • LHO.N LaSalle Hotel

  • HT.N Hersha Hospitality

  • SHO.N Sunstone Hotel

  • BEE.N Strategic Hotel

  • OEH.N Orient-Express

  • WYN.N Wyndham Worldwide

  • DRH.N DiamondRock


Subjects
  • Industry Overview

  • Morning Note

]]> William B. Truelove MAR.N GET.N CHH.N FCH.N HST.N HOT.N HPT.N LHO.N HT.N SHO.N BEE.N OEH.N WYN.N DRH.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76858|native|public|20090701164219 Wed, 1 Jul 2009 <![CDATA[First Read: Gaming "June Macau Revs Down 17% YOY; Q2'09 Down 12% YOY"]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76851|native|public Regions
  • Global

  • Americas


Sectors
  • Global Casinos

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Americas Casinos

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • Americas Cyclical Goods & Services


Subjects
  • Industry Overview

  • Morning Note

]]> Robin M. Farley http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76851|native|public|20090701133427 Wed, 1 Jul 2009 <![CDATA[First Read: Sodexo "Organic growth +3.4%" (Neutral) Draziotis]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63465|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • France

  • Global

  • UBSW EMEA


Sectors
  • French Restaurants

  • European Recreational Products & Services

  • European Restaurants

  • European Ex. UK Restaurants

  • Global Recreational Products & Services

  • Global Restaurants

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • European Ex. UK Consumer, Cyclical

  • European Ex. UK Leisure Goods & Services

  • French Consumer, Cyclical

  • French Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • European Cyclical Goods & Services

  • European Ex. UK Cyclical Goods & Services

  • French Cyclical Goods & Services

  • Global Cyclical Goods & Services


Companies
  • EXHO.PA Sodexo


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Stamatis Draziotis EXHO.PA http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63465|native|public|20090701064216 Wed, 1 Jul 2009 <![CDATA[Tim Hortons Inc. "Reorganization will provide long-term benefits; negatives ..."]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueu05468|native|public Regions
  • Global

  • Americas

  • Canada

  • North America


Sectors
  • Global Restaurants

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Canadian Restaurants

  • Americas Restaurants

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • Canadian Consumer, Cyclical

  • Canadian Leisure Goods & Services

  • Americas Cyclical Goods & Services

  • Canadian Cyclical Goods & Services

  • North American Cyclical Goods & Services

  • North American Consumer, Cyclical

  • North American Leisure Goods & Services

  • North American Restaurants


Companies
  • THI.TO Tim Hortons Inc.


Subjects
  • Company Update

  • Morning Note

]]> Vishal Shreedhar THI.TO http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueu05468|native|public|20090630041041 Tue, 30 Jun 2009 <![CDATA[Berjaya Sports Toto "Upgrade to Buy" (Buy) Lai]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48187|native|public Regions
  • Global

  • Emerging Markets

  • Asia

  • Malaysia

  • Asia Pacific

  • Asia Pacific Ex. JP

  • Asia Emerging


Sectors
  • Global Casinos

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Malaysian Casinos

  • Asian Casinos

  • Asian Consumer, Cyclical

  • Asian Leisure Goods & Services

  • Malaysian Consumer, Cyclical

  • Malaysian Leisure Goods & Services

  • Asian Cyclical Goods & Services

  • Malaysian Cyclical Goods & Services

  • Asian Pacific Cyclical Goods & Services

  • Asian Pacific Casinos

  • Asian Pacific Consumer, Cyclical

  • Asian Pacific Leisure Goods & Services

  • Asian Pacific Ex. JP Cyclical Goods & Services

  • Asian Pacific Ex. JP Casinos

  • Asian Pacific Ex. JP Consumer, Cyclical

  • Asian Pacific Ex. JP Leisure Goods & Services

  • Asia Emerging Cyclical Goods & Services

  • Asia Emerging Casinos

  • Asia Emerging Consumer, Cyclical

  • Asia Emerging Leisure Goods & Services


Companies
  • BSTB.KL Berjaya Sports Toto


Subjects
  • Change in Recommendation

  • Company Update

  • Morning Note

]]> Alain Lai BSTB.KL http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48187|native|public|20090630033331 Tue, 30 Jun 2009 <![CDATA[NH Hoteles "Capital increase process starts" (Sell) Ojeda]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63404|native|public Regions
  • Spain

  • Europe Including UK

  • Europe Ex. UK

  • Global

  • UBSW EMEA


Sectors
  • Spanish Lodging

  • European Lodging

  • European Ex. UK Lodging

  • Global Lodging

  • Spanish Consumer, Cyclical

  • Spanish Leisure Goods & Services

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • European Ex. UK Consumer, Cyclical

  • European Ex. UK Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Spanish Cyclical Goods & Services

  • European Cyclical Goods & Services

  • European Ex. UK Cyclical Goods & Services

  • Global Cyclical Goods & Services


Companies
  • NHH.MC NH Hoteles


Subjects
  • Company Update

  • Morning Note

]]> Bosco Ojeda NHH.MC http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63404|native|public|20090629231020 Mon, 29 Jun 2009 <![CDATA[Weekly Gaming Draw 29-Jun-2009 Farley]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76772|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • US Consumer, Cyclical

  • US Leisure Goods & Services

  • Americas Cyclical Goods & Services

  • US Cyclical Goods & Services

  • North American Cyclical Goods & Services

  • North American Consumer, Cyclical

  • North American Leisure Goods & Services


Companies
  • GENT.KL Genting

  • IGT.N International Game

  • LVS.N Las Vegas Sands Corp

  • TPC.N Tutor Perini

  • ALL.AX Aristocrat

  • CWN.AX Crown


Subjects
  • Industry Overview

  • Morning Note

]]> Robin M. Farley GENT.KL IGT.N LVS.N TPC.N ALL.AX CWN.AX http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76772|native|public|20090629191702 Mon, 29 Jun 2009 <![CDATA[US Lodging "Our Thoughts on Demand Trends, The Next Cycle, and Long-Term ..."]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76727|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Lodging

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Americas Lodging

  • US Lodging

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • US Consumer, Cyclical

  • US Leisure Goods & Services

  • Americas Cyclical Goods & Services

  • US Cyclical Goods & Services

  • North American Cyclical Goods & Services

  • North American Consumer, Cyclical

  • North American Leisure Goods & Services

  • North American Lodging


Companies
  • CHH.N Choice Hotels

  • HPT.N Hospitality Trust


Subjects
  • Industry Overview

  • Market Strategy / Comment

  • Morning Note

]]> William B. Truelove CHH.N HPT.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76727|native|public|20090626074200 Fri, 26 Jun 2009 <![CDATA[European Monthly RevPar update "RevPar declines -15% in May" 26-Jun-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63328|native|public Regions
  • Europe Including UK

  • Global


Sectors
  • European Lodging

  • Global Lodging

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • European Cyclical Goods & Services

  • Global Cyclical Goods & Services


Companies
  • WTB.L Whitbread


Subjects
  • Industry Overview

  • Morning Note

]]> Jonathan Leinster WTB.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63328|native|public|20090626071345 Fri, 26 Jun 2009 <![CDATA[US Gaming, Leisure & Hotels "Alpha Preferences" 25-Jun-2009 Farley]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76673|native|public Regions
  • Global

  • Americas


Sectors
  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • Americas Cyclical Goods & Services


Companies
  • CCL.N Carnival

  • HOG.N Harley-Davidson

  • LVS.N Las Vegas Sands Corp


Subjects
  • Industry Overview

  • Market Strategy / Comment

  • Morning Note

]]> Robin M. Farley CCL.N HOG.N LVS.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76673|native|public|20090625113244 Thu, 25 Jun 2009 <![CDATA[Monthly RevPar update "May RevPar -11% in UK, -23% in top US markets"]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63276|native|public Regions
  • Europe Including UK

  • Global


Sectors
  • European Lodging

  • Global Lodging

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • European Cyclical Goods & Services

  • Global Cyclical Goods & Services


Companies
  • WTB.L Whitbread

  • CHH.N Choice Hotels


Subjects
  • Industry Overview

  • Morning Note

]]> Jonathan Leinster WTB.L CHH.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63276|native|public|20090625074937 Thu, 25 Jun 2009 <![CDATA[Las Vegas Sands Corp "Macau IPO Analysis" (Neutral) Farley]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76665|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Casinos

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • US Casinos

  • Americas Casinos

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • US Consumer, Cyclical

  • US Leisure Goods & Services

  • Americas Cyclical Goods & Services

  • US Cyclical Goods & Services

  • North American Cyclical Goods & Services

  • North American Casinos

  • North American Consumer, Cyclical

  • North American Leisure Goods & Services


Companies
  • LVS.N Las Vegas Sands Corp


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Robin M. Farley LVS.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76665|native|public|20090625073546 Thu, 25 Jun 2009 <![CDATA[Rezidor AB "Q2 preview" (Sell) Draziotis]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63236|native|public Regions
  • Europe Including UK

  • Europe Ex. UK

  • Global

  • Sweden

  • Nordic

  • UBSW EMEA


Sectors
  • European Lodging

  • European Ex. UK Lodging

  • Global Lodging

  • Swedish Lodging

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • European Ex. UK Consumer, Cyclical

  • European Ex. UK Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Swedish Consumer, Cyclical

  • Swedish Leisure Goods & Services

  • European Cyclical Goods & Services

  • European Ex. UK Cyclical Goods & Services

  • Global Cyclical Goods & Services

  • Swedish Cyclical Goods & Services

  • Nordic Cyclical Goods & Services

  • Nordic Consumer, Cyclical

  • Nordic Leisure Goods & Services

  • Nordic Lodging


Companies
  • NHH.MC NH Hoteles

  • ACCP.PA Accor

  • WTB.L Whitbread

  • SOL.MC Sol Melia

  • IHG.L InterContinental

  • REZT.ST Rezidor AB


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> Stamatis Draziotis NHH.MC ACCP.PA WTB.L SOL.MC IHG.L REZT.ST http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63236|native|public|20090625030036 Thu, 25 Jun 2009 <![CDATA[US Weekly RevPAR Update "RevPAR Down 22-24% for Upper Upscale and Urban ..."]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76645|native|public Regions
  • Global

  • Americas


Sectors
  • Global Lodging

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • Americas Lodging

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • Americas Cyclical Goods & Services


Companies
  • MAR.N Marriott Intl.

  • GET.N Gaylord

  • CHH.N Choice Hotels

  • FCH.N FelCor Lodging

  • HST.N Host Hotels

  • HOT.N Starwood Hotels

  • HPT.N Hospitality Trust

  • LHO.N LaSalle Hotel

  • HT.N Hersha Hospitality

  • SHO.N Sunstone Hotel

  • BEE.N Strategic Hotel

  • OEH.N Orient-Express

  • WYN.N Wyndham Worldwide

  • DRH.N DiamondRock


Subjects
  • Industry Overview

  • Morning Note

]]> William B. Truelove MAR.N GET.N CHH.N FCH.N HST.N HOT.N HPT.N LHO.N HT.N SHO.N BEE.N OEH.N WYN.N DRH.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76645|native|public|20090624165355 Wed, 24 Jun 2009 <![CDATA[Marston's "Building a future?" (Buy) Leinster]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63183|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA

  • Americas


Sectors
  • British Restaurants

  • European Restaurants

  • Global Restaurants

  • European Consumer, Cyclical

  • European Leisure Goods & Services

  • British Consumer, Cyclical

  • British Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • European Cyclical Goods & Services

  • British Cyclical Goods & Services

  • Global Cyclical Goods & Services

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • Americas Cyclical Goods & Services


Companies
  • MARS.L Marston's


Subjects
  • Change in Recommendation

  • Company Update

  • Morning Note

]]> Jonathan Leinster MARS.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63183|native|public|20090624030045 Wed, 24 Jun 2009 <![CDATA[First Read: Darden Restaurants "A Mixed Quarter for Darden" (Neutral) Palmer]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76617|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Restaurants

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • Global Cyclical Goods & Services

  • US Restaurants

  • Americas Restaurants

  • Americas Consumer, Cyclical

  • Americas Leisure Goods & Services

  • US Consumer, Cyclical

  • US Leisure Goods & Services

  • Americas Cyclical Goods & Services

  • US Cyclical Goods & Services

  • North American Cyclical Goods & Services

  • North American Consumer, Cyclical

  • North American Leisure Goods & Services

  • North American Restaurants


Companies
  • DRI.N Darden Restaurants


Subjects
  • Company Update

  • Operating Results

  • Morning Note

]]> David Palmer DRI.N http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76617|native|public|20090623220751 Tue, 23 Jun 2009 <![CDATA[South African Casino Visit "GrandWest: Some near-term challenges" 23-Jun-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueq01025|native|public Regions
  • Global

  • South Africa

  • EMEA Emerging

  • UBSW EMEA

  • Emerging Markets


Sectors
  • South African Casinos

  • EMEA Emerging Casinos

  • Global Casinos

  • EMEA Emerging Consumer, Cyclical

  • EMEA Emerging Leisure Goods & Services

  • Global Consumer, Cyclical

  • Global Leisure Goods & Services

  • South African Consumer, Cyclical

  • South African Leisure Goods & Services

  • EMEA Emerging Cyclical Goods & Services

  • Global Cyclical Goods & Services

  • South African Cyclical Goods & Services

  • Global Emerging Cyclical Goods & Services

  • Global Emerging Casinos

  • Global Emerging Consumer, Cyclical

  • Global Emerging Leisure Goods & Services


Companies
  • SUIJ.J Sun International


Subjects
  • Company Update

  • Industry Overview

  • Morning Note

]]> Sidu Mtshali SUIJ.J http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=ueq01025|native|public|20090623165949 Tue, 23 Jun 2009