Innovaro (NYSE Amex:INV), a comprehensive innovation solution
company, and The wRatings Corporation, an independent stock
research firm, today announced the results of their quarterly
Strategos/wRatings Innovation Index, with the focus of this issue
on the Travel and Hospitality industry. The study was conducted as
a collaborative effort between Strategos, the strategic services
division of Innovaro, and The wRatings Corporation.
While some of the oldest companies still in operation1 are in
Travel and Hospitality, organizations in the industry appear to
never stop innovating, as this quarter’s Strategos/wRatings
Innovation Index saw one of the highest scores in innovation
performances when compared with other industries analyzed2. The
average score of the industry was 61.9 points on the
Strategos/wRatings Innovation Index, substantially higher than the
average, 55.2 points of all the other industries analyzed. The
restaurant subgroup scored 70.9 points, nearly matching the top
performing industry of Foods and Beverages, which scored 71.2
points. This quarter’s assessment offers proof that no industry is
too mature for innovation.
“Throughout its long history, the Travel and Hospitality
industry has always been extremely competitive,” explains Gary A.
Williams, CEO and founder of wRatings, which benchmarks industry
competitiveness. “In an environment of this intense competition,
only innovators survive; so, it’s no wonder we see the high
innovation performance here.”
“The Travel and Hospitality industry is capital intensive, and
asset utilization is a key driver to success,” states George Chen,
a Director of Strategos and author of this quarter’s report. “While
the forces of economics are inescapable, existing business models
and practices are not gospels that cannot be questioned, and the
most successful innovators are the ones that overturn expired
industry orthodoxies.”
In this edition of the Strategos/wRatings Innovation Index, we
analyzed the 69 largest public companies in Travel and Hospitality,
including 42 restaurants, 12 hotel chains, 12 airlines, and 3
cruise lines. All companies received an Innovation Index rating,
with 100 equaling the most innovative. The top performers for each
segment are:
Rank
Company
Ticker
Strategos/wRatingsInnovation
Index
Restaurants 1 Brinker International, Inc. NYSE: EAT 78.73 2
Panera Bread Co.
NASDAQ: PNRA
78.27 3 Jack in the Box Inc.
NASDAQ: JACK
78.21 4 P.F. Chang’s China Bistro, Inc. NASDAQ: PFCB 77.63 5 AFC
Enterprises, Inc. NASDAQ: AFCE 76.85 6 Buffalo Wild Wings, Inc.
NASDAQ: BWLD 76.82 7 YUM! Brands, Inc. NYSE: YUM 76.81 8 Darden
Restaurants, Inc. NYSE: DRI 76.66 9 Papa John's International, Inc.
NASDAQ: PZZA 75.97 10 Chipotle Mexican Grill, Inc. NYSE: CMG 75.73
Hotels 1 Choice Hotels International, Inc. NYSE: CHH 65.24 2
Marriott International, Inc. NYSE: MAR 51.91 3 Morgans Hotel Group
Co. NASDAQ: MHGC 46.44 4 Vail Resorts, Inc. NYSE: MTN 44.88 5
Starwood Hotels & Resorts Worldwide Inc. NYSE: HOT 42.63
Airlines and Cruise Lines 1 Southwest Airlines Co. NYSE: LUV
71.50 2 AirTran Holdings, Inc. NYSE: AAI 63.32 3 Hawaiian Holdings,
Inc. NYSE: HA 60.20 4 JetBlue Airways Corp. NASDAQ: JBLU 59.27 5
United Continental Holdings, Inc. NYSE: UAL 58.77
The report and full details of the methodology are available at
www.strategos.com, www.wratings.com and www.innovaro.com. Detailed
ranking and score data are available to wRatings subscribers.
About Innovaro, Inc.
Innovaro, Inc. is a comprehensive end-to-end innovation solution
provider. With fully scalable solutions, whether for a global 1000
company, small R&D lab or university scientist, we help our
clients create breakthrough innovation, realize latent value in
their IP and accelerate their innovations to market. Leading
companies trust us to create profitable growth, new revenue
streams, enduring capabilities and lasting value through
innovation.
Strategos is the strategic innovation consulting division of
Innovaro. Strategos helps clients innovate and grow by bringing
innovation to their core business and organization. For more
information about us, please visit our websites at www.innovaro.com
and www.strategos.com.
About wRatings Corporation
The wRatings Corporation is an independent stock research firm
based in metro Washington DC. The company was founded by Harvard
Business Review author and research expert, Gary A. Williams. He
and his team continually study consumer and executive buying
behavior to project the future earnings performance of companies.
Since 1999, their original set of leading indicators helps
investors, corporations and consultants improve their performance
by using a common framework to measure the competitive strength of
companies. For more information, visit www.wRatings.com.
Forward-Looking Statements
Certain matters discussed in this press release are
“forward-looking statements.” These forward-looking statements can
generally be identified as such because the context of the
statement will include words such as “expects,” “should,”
“believes,” “anticipates” or words of similar import. Certain
factors could cause actual results to differ materially from those
projected in these forward-looking statements and these factors are
identified from time to time in our filings with the Securities and
Exchange Commission. We undertake no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. This press release is
available on Innovaro’s website www.innovaro.com.
1 According to “the list of oldest companies” in Wikipedia, the
oldest hotel still in operation, Japan’s Hoshi Ryokan, first opened
its doors in 718, and the oldest restaurant still in operation is
Austria’s Stiftskeller St. Peter, which resides within the
monastery walls of St. Peter’s Archabbey and opened in 803.
2 Previous assessments include: 2009: Consumer Electronics;
2010-1Q: Foods and Beverages; 2010-2Q: Pharmaceuticals and Medical
Devices; 2010-3Q: Financial Services; 2010-4Q: Telecommunications
and Media.
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