Categorized | Hotels

Starwood’s performance improves…

Posted on 31 October 2011

Revenue per available room, an industry measure of occupancy and rate, climbed 11.6 percent in the third quarter for hotels open at least a year. It rose 8.8 percent in North America.

 

RevPar will increase 7 percent to 9 percent worldwide before currency adjustments for the full year,

 

System-wide RevPAR for same-store hotels increased 11.6% year over year all over the world. International system-wide REVPAR for same-store hotels increased 15.2% .

 

Worldwide RevPAR for Starwood branded same-store owned hotels increased 16.2% from the prior-year period. RevPAR for Starwood branded same-store owned hotels in North America grew 8.1%. Internationally, Starwood branded same-store owned hotel RevPAR increased 25.4%

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