jonnye
Jul 26, 05, 10:27 am
Just for anyone who's interested at looking into the numbers of your favorite hotel chain. Here is the link:
http://media.corporate-ir.net/media_files/nys/hot/Q22005.pdf
Other information is linked below:
http://www.starwoodhotels.com/corporate/investor_relations.html
Some Comments from the CEO, Steven J. Heyer:
“Our results this quarter were outstanding and we are
pleased to be raising our guidance for the remainder of the year. For the eleventh
quarter in a row we’ve gained market share. I am thrilled with the progress we are
making on our brand-building efforts and service innovation, which I believe will continue
to keep us ahead of our competition and will accelerate our market share growth. The
marketing and service programs we have and are developing will help us secure an
emotional connection with our guests and cement our position as brand leader in the
upper upscale and luxury segments".
“Our global development pipeline remains stronger than ever and new brand launches
like Project XYZ should capture the lion’s share of new select serve opportunities. The
strength of our brands should also enable Starwood to capture share of wallet both inside
and outside of the four walls of the hotel. Already, the Westin Heavenly Bed ensemble
available at Nordstrom’s, the Bliss catalogue business and the W Stores are adding to
our top and bottom lines.
“During the quarter we announced several additional asset sales including the legendary
Hotel Danieli in Venice, moving us in line to achieve our goal of $500 million in asset
sales. We continue to evaluate our current portfolio of owned assets with a focus on
harvesting previously unrecognized assets either through additional asset sales or
redevelopment opportunities.”
“Business continues to be robust and supply remains constrained. Our team is excited
about the work we are doing and the direction we are heading.”
Cheers.
http://media.corporate-ir.net/media_files/nys/hot/Q22005.pdf
Other information is linked below:
http://www.starwoodhotels.com/corporate/investor_relations.html
Some Comments from the CEO, Steven J. Heyer:
“Our results this quarter were outstanding and we are
pleased to be raising our guidance for the remainder of the year. For the eleventh
quarter in a row we’ve gained market share. I am thrilled with the progress we are
making on our brand-building efforts and service innovation, which I believe will continue
to keep us ahead of our competition and will accelerate our market share growth. The
marketing and service programs we have and are developing will help us secure an
emotional connection with our guests and cement our position as brand leader in the
upper upscale and luxury segments".
“Our global development pipeline remains stronger than ever and new brand launches
like Project XYZ should capture the lion’s share of new select serve opportunities. The
strength of our brands should also enable Starwood to capture share of wallet both inside
and outside of the four walls of the hotel. Already, the Westin Heavenly Bed ensemble
available at Nordstrom’s, the Bliss catalogue business and the W Stores are adding to
our top and bottom lines.
“During the quarter we announced several additional asset sales including the legendary
Hotel Danieli in Venice, moving us in line to achieve our goal of $500 million in asset
sales. We continue to evaluate our current portfolio of owned assets with a focus on
harvesting previously unrecognized assets either through additional asset sales or
redevelopment opportunities.”
“Business continues to be robust and supply remains constrained. Our team is excited
about the work we are doing and the direction we are heading.”
Cheers.