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Starwood Hotels' profits up in Q2 2013

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Published on 26/07/13 - Updated on 17/03/22

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Starwood Hotels & Resorts

The hotel group has announced a profitable second quarter of 2013, with net income of 137 million USD, a 15 million USD increase from Q2 2012.

Starwood Hotels & Resorts has released its financial figures for the second quarter of the year, showing the beneficial impacts of its worldwide development strategy.

Q2 net income was at 137 million USD, compared to 122 million USD during the same period last year. This is a 15 million USD increase between Q2 2012 and 2013.

During the quarter, the hotel group signed 26 hotels under F&M, for about 6,200 rooms. It opened 18 new hotels and resorts for about 4,000 rooms. This provided the group with an 8% increase in revenue frome fees, as compared to 2012.

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