| Orient Express Hotels Ltd. | (NY: OEH) |
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May 23, 2013
Orient-Express Hotels (NYSE: OEH) is a hotel and leisure group, which is focused on the luxury market. The company owns and operates luxury hotels, restaurants, tourist trains, and river cruises in over 25 countries. The company earned $457 million in revenue and $69 million in net income in 2009.[1]
OEH's hotels, many operated only seasonally, target luxury travelers, while other luxury operators, such as Marriott International (MAR)'s Ritz-Carlton, Starwood Hotels & Resorts Worldwide (HOT), and FOUR SEASONS HOTEL (FS) primarily target business travelers. Since high-end luxury hotels can only be added in select locations, company has been pursuing growth by adding rooms to existing hotels and acquiring other luxury hotels. The firm is also selling private residences attached to its luxury properties.
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