This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Starwood Beats as Travel Trends Pick Up

Stocks in this article: HOT MAR WYN HST

WHITE PLAINS, N.Y. ( TheStreet) -- Starwood Hotels & Resorts Worldwide (HOT - Get Report) beat profit and sales expectations on strong room revenue growth in the second quarter as demand for both business and leisure travel picked up.


Starwoood also forecast third-quarter and full-year earnings in line with analysts" expectations. The hotel operator, which franchises hotels under the Westin, W and Sheraton brands, among others, expects third-quarter earnings to come in between 36 cents and 40 cents a share, with 2011 profit of between $1.67 and $1.77 a share.

Analysts were expecting Starwood to earn 46 cents in the third quarter and $1.71 a share for the year.

In the second quarter, Starwood earned $97 million, or 50 cents a share, up 44.8% from year-earlier earnings of $67 million, or 35 cents a share.

Revenue rose 11% to $1.43 billion.

RevPAR -- or revenue per available room, a key metric in the hotel industry that multiplies a property's room rate by its occupancy rate -- grew 11.8% year over year.

Shares of Starwood were unchanged in premarket trading after closing lower at $55.71 in Wednesday's session.

On Wednesday , Wyndham Worldwide (WYN - Get Report) beat profit expectations thanks to strong room revenue and raised its full-year outlook as leisure travel picks up steam.

RevPAR jumped 9.7%. Wyndham franchises lower-priced hotel chains like Days Inn, Ramada and Super 8, which cater more to leisure travelers.

Marriott International (MAR - Get Report), which caters more to corporate clients and business travelers, grew revPAR by 6.8% on a worldwide basis in its recent quarter, including 7.3% in international markets and 6.6% in North America. Host Hotels & Resorts (HST - Get Report) said revPAR at its hotels increased 6.7% in the quarter.

>>For upcoming earnings and estimates, see our Earnings Calendar.

-- Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here: Miriam Reimer.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:


>>See our new stock quote page.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs