Host Q2 RevPAR Increases 6.1%
Wednesday July 18th, 2012 - 12:10AM
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BETHESDA, MD–Host Hotels & Resorts' second quarter 2012 RevPAR increased 6.1%, compared to the same period in 2011.
ADR for the quarter increased 3.7%, while occupancy improved 1.7% to 77.6%. During the quarter, the REIT invested approximately $50 million on redevelopment projects, including at the Sheraton New York Hotel & Tower and the Sheraton Indianapolis.
Tags: Hospitality Construction/Renovation Quarterly Results
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.