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related topics |
{investment, property, distribution} |
{cost, contract, operation} |
{gas, price, oil} |
{condition, economic, financial} |
{competitive, industry, competition} |
{capital, credit, financial} |
{cost, operation, labor} |
{operation, natural, condition} |
{product, market, service} |
{loss, insurance, financial} |
{regulation, government, change} |
{product, candidate, development} |
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The lodging industry is highly competitive, which may impact our ability to compete successfully with other hotel and timeshare properties for customers.
We are subject to the range of operating risks common to the hotel, timeshare and corporate apartment industries.
The uncertain pace and duration of the current growth environment in the lodging industry will continue to impact our financial results and growth.
Our lodging operations are subject to international, national and regional conditions.
Actions by organized labor could reduce our profits in certain major market cities.
Our growth strategy depends upon third-party owners/operators, and future arrangements with these third parties may be less favorable.
We may have disputes with the owners of the hotels that we manage or franchise.
Our ability to grow our management and franchise systems is subject to the range of risks associated with real estate investments.
We depend on capital to buy and maintain hotels, and we may be unable to access capital when necessary.
Our development activities expose us to project cost, completion and resale risks.
Development activities which involve our co-investment with third parties may further increase completion risk or result in disputes which could increase project costs or impair project operations.
In the event of damage to or other potential losses involving properties that we own, manage or franchise, potential losses may not be covered by insurance.
Risks relating to acts of God, contagious disease, terrorist activity and war could reduce the demand for lodging, which may adversely affect our revenues.
An increase in the use of third-party internet reservation services could adversely impact our revenues
Changes in privacy law could adversely affect our ability to market our products effectively.
Operating risks at our synthetic fuel operations could reduce the tax benefits generated by those facilities.
High oil prices in 2006 and beyond could reduce or eliminate the tax credits generated by our synthetic fuel facilities.
Full 10-K form ▸
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