Hotel Industry News - Financial

For the fourth quarter of 2011, the Company expects to report Adjusted EBITDA that will exceed $12.5 million, which was the top end of the Company’s previously-announced earnings guidance, with fourth quarter same store revenue per available room (RevPAR) growth of approximately 8.5 percent.

Total revenues for the second quarter of fiscal 2012 were $90,069,000, a 3.8% increase from revenues of $86,735,000 for the second quarter of fiscal 2011.

Thunderbird Resorts Inc. (FRANKFURT:4TR)(EURONEXT:TBIRD) reports the following revenues for November 2011:

The Baird/STR Hotel Stock Index ended November with a 2.7-percent decrease to 1,951 and is down 17.5 percent year-to-date 2011. The index ended 2010 at 2,364.

For the three-month period ended September 30, 2011, the Company generated revenues from resort operations of $0.039 million and a net loss of $5.327 million or $0.02 per share. The loss in the third quarter was primarily because there has not been any ski operation at the Company's Yabuli Resorts since it closed in late March of 2011.

In October 2011, the RevPAR (revenue per available room) came in at RMB176, representing an increase of 6% from September, due to normal seasonality.

Host Hotels & Resorts, Inc. (NYSE: HST) announced that it has closed a new $1 billion revolving credit facility, which represents a $400 million increase over its existing facility, with a syndicate of banks.

Net Revenues increased 23.8% year-over-year for the third quarter to RMB626.7 million (US$98.3 million)(1), exceeding the high end of the guidance previously announced

Total revenue for the third quarter of 2011 was RMB 988.0 million (US$154.9 million) representing a 12.3% year-over-year increase, exceeding the guidance range of RMB 955 million to RMB 975 million, with most of the mature hotels outside of Shanghai achieved better than expected revenue performance through moderate price increases.

For the 2011 third quarter, the company’s full portfolio of 70 hotels had $42.3 million in revenues, a 12.5 percent increase compared to $37.6 million for the company’s privately held predecessor during the same 2010 period. RevPAR for the third quarter rose 3.8 percent, led by a 2.2 percent increase in average daily rate (ADR) to $90.94 and a 1.5 percent increase in occupancy to 70.1