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Expectation Down for Starwood Hotels & Resorts

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Published on 29/10/12 - Updated on 17/03/22

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Starwood shares fell to a three-month low as demand for rooms slows around the world. However, net income for the quarter was $170 million, up from $163 million in the third quarter of 2011.

Q3 financial reports are showing pessimistic tourism indicators for the hotel company. Whereas the company was predicting a 6 to 8 percent rise in revPAR over 2012, financial reports have led them to readjust their prediction to a 5-6% rise.Although there has been a modest 1.3% increase in Starwood RevPAR worldwide in the third quarter, regional analysis shows little growth opportunity. RevPAR in Europe dropped 9.1 %, 1.4% in Asia/Pacific, and 1.9% in Latin America. The only region where revPAR increased was North America at 3.3%. Africa and the Middle East were nearly flat.

Marriott International
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Marriott International

Hotel Group

  • Marriott International United-States
  • Offres d'emplois 84 currents job offers
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