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) 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), 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) 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 http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: email@example.com.
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