Originally Posted by
mspreh
Quote:
Based on this they are renting less rooms. The revenue is up by 3.5%, yet the room rates are up by 6.6%, and enough of the revenue increase came from Franchise Fees for them to make note of that. So it looks like Hilton is charging more, filling less rooms to me, and the increase in rates made up for the loss in business.
Actually the increased occupany. All 3 of the chains you mentioned did.
"(The industry is) back to peak occupancy. It's a very healthy place in the cycle right now. We would expect greater increases in pricing," Beynon added.
Hilton's total occupancy rose to 69.8 percent in the quarter from 67.9 percent last year.
Marriott International Inc (MAR.O), Hyatt Hotels Corp (H.N) and Starwood Hotels & Resorts Worldwide Inc (HOT.N) have also reported better-than-expected first-quarter earnings and announced plans to return cash to shareholders through stock buybacks.
http://www.reuters.com/article/2014/...A4807N20140509