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Conversions now account for over a third of new rooms, unlocking growth in markets where independent hotels still dominate.
Ferrari's pricing power rests on exclusive client experiences rather than volume, so the durability of that moat is the question long-term holders must weigh.
The cyclical slump in the chemical industry didn't affect one of its top names in the third quarter.
Key PointsThird quarter revenue grew 7% organically year over year.
Key PointsStraight-through small business policy processing reached 78% in the third quarter.
Key PointsBoard approved a $1 billion share repurchase authorization.