Starwood reveals outstanding Q1
Starwood CEO Steven J. Heyer has revealed his pleasure that the companies first quarter 2006 has exceeded all growth expectations.
Highlights from the Starwood results include:
- Excluding special items, EPS from continuing operations increased 17.1% to $0.41 compared to $0.35 for the first quarter of 2005. Including special items, EPS from continuing operations was $0.34 compared to $0.36 in the first quarter of 2005.
- Worldwide system-wide REVPAR, excluding Le Méridien, increased 10.3% compared to the first quarter of 2005. System-wide REVPAR for Same-Store Hotels in North America increased 12.1% when compared to the first quarter of 2005.
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