The Phoenix market continued to perform exceptionally well with a RevPAR increase of 15.7%. Strong group demand aided by the construction of a new ballroom and meeting space renovations at the Westin Kierland in 2010 resulted in an occupancy increase of over 5 percentage points. And ADR growth of nearly 6% was driven by increases in both group and transient rates.Our Phoenix hotels had F&B revenue growth of nearly 29% in the quarter. They also performed very well for the full year, with a RevPAR increase of 13.3%. We expect our Phoenix hotels to perform in line with our portfolio in 2012 due to solid group demand, which will result in further ADR growth.
Host Hotels & Resorts Management Discusses Q4 2011 Results - Earnings Call Transcript
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