On Monday, Shares of Avis Budget Group Inc. (NASDAQ:CAR), lost -1.79% to $44.01.
Budget Car Rental, declared that it is honoring Budget Costa Rica as Licensee of the Year for Latin America and the Caribbean for its ongoing commitment to serving the growing car rental demand in Costa Rica, and for providing travelers and residents alike with world-class products and services. Budget has operated in Costa Rica since 1978.
Budget Costa Rica operates 12 facilities across the country, serving customers at major airport locations such as Juan Santa Maria International Airport and Daniel Oduber Quiros International Airport, and at convenient metropolitan/tourist locations in Alajuela, Escazu, Jaco, La Cruz, Liberia, Quepos, San Jose, Santa Teresa, Tamarindo and Tambor.
Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental.
Shares of Marriott International Inc (NASDAQ:MAR), declined -0.03% to $72.99, during its last trading session.
Marriott International continues to expand its footprint across the African continent by announcing the signing of two new properties in South Africa, in partnership with The Amdec Group. Predictable to open by February 2018, the 150-room Johannesburg Marriott Hotel Melrose Arch and 200-unit Marriott Executive Apartments Johannesburg Melrose Arch will be located in the Melrose Arch precinct in Johannesburg. The two properties represent the company’s signature brand, Marriott Hotels, in addition to its upscale serviced apartments brand, Marriott Executive Apartments, and will be the first Marriott-branded properties under development in South Africa.
“Africa is important to Marriott International’s growth strategy because of its rapid economic growth, growing middle class and youth population, in addition to the expansion of international flights onto the continent,” explains Alex Kyriakidis, President and Managing Director, Middle East and Africa for Marriott International. “With over 850 million people in sub-Saharan Africa, there are enormous opportunities there.”
Marriott became the largest hotel operator in Africa following its acquisition of South Africa’s leading hotels group, Protea Hotels, in 2014. Over the next five years, the company anticipates the Marriott International brands, counting the Protea brand, will expand from 10 African countries to 18, involving the development of an additional 38 properties across 7 brands.
Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International.
At the end of Monday’s trade, Shares of UBS Group AG (USA) (NYSE:UBS), lost -1.93% to $20.36.
UBS Global Asset Administration’s real estate funds, managed by Global Real Estate (GRE), continued to achieve strong results in the annual GRESB survey, with the majority of its responding funds ranking in the first quartile of their respective peer groups and nine funds being awarded “Green Star” status.
Overall, GRE improved on its excellent results from 2014, submitting 11 funds globally from a wide range of countries counting the US, Germany, Switzerland, Luxembourg, UK and Japan, and across a variety of real estate sectors. Following the success of 2014 where eight funds were awarded Green Star status, this year nine GRE funds have been recognised as Green Stars.
Commenting on the results, Thomas Wels, Head of Global Real Estate commented: “GRE’s global leadership and implementation in this field has continued in 2015. No other firm has consistently achieved such excellent scores in multiple global regions across both the 2014 and 2015 surveys.”
UBS Group AG, together with its auxiliaries, provides wealth administration, retail and corporate, asset administration, and investment banking products and services worldwide. The company’s Wealth Administration division provides financial services to wealthy private clients.
Finally, Royal Bank of Canada (NYSE:RY), ended its last trade with 0.16% gain, and closed at $54.72.
Royal Bank of Canada, declared the launch of RBC U.S. Small-Cap Value Equity Fund.
This new solution invests primarily in equity securities of U.S. small-cap companies that offer exposure to niche areas of the market, aiming to provide high growth potential and diversification benefits for Canadian investors.
The Fund is appropriate for investors who are seeking long-term capital appreciation by investing primarily in equity securities of U.S. small-cap companies, are looking to hold their investments for the long term and can tolerate considerable fluctuations in their portfolio.
Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets.
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