• Most Popular
  • Most Shared

U.S. weekly hotel room revenue rises 12.1 percent

Wed Oct 10, 2007 4:09pm EDT

Stocks

   

LOS ANGELES, Oct 10 (Reuters) - U.S. hotels posted a 12.1 percent increase from a year earlier in room revenue for the week ended Oct. 6, Smith Travel Research said on Wednesday.

Stocks

Occupancy rose 1.0 percentage point to 67.1 percent, while room rates rose 11.0 percent to an average of $108.90 a night, according to Smith Travel, which tracks lodging industry data.

That boosted revenue per available room -- a combination of room rates and occupancy that is a benchmark of the industry's health -- by 12.1 percent to $73.05.

Major hotel operators in the survey included Marriott International Inc (MAR.N), Hilton Hotels Corp HLT.N and Starwood Hotels & Resorts Worldwide Inc (HOT.N). (Reporting by Lisa Baertlein)

Stocks


More from Reuters

Photo

EU to discuss Greek aid, no firm figures seen

BRUSSELS (Reuters) - Euro zone finance ministers are expected to agree a way of providing Greece with financial aid to tackle its debts on Monday, but France warned not to expect any hard figures and there remained barriers to a deal.

» More Top News
Trader John Boehm works in the 5-year US Treasury Bond Options Pit at the Chicago Mercantile Exchange September 16, 2008. REUTERS/John Gress

The big guns fire back

The Wall Street behemoths that came close to collapse in the financial crisis are back and pushing aside the boutiques that made a killing during the turmoil.   Full Article 

Banks
Cowboy Jim Jackson rides a horse on his ranch on November 22, 2009. REUTERS/Lucas Jackson

A home for cowboys

Whether you want to live like a rancher or a rock star, the perfect American city is out there -- you just need to know where to look.  Full Article 

Lifestyle