2013-06-10
The Baird/STR Hotel Stock Index reported a 1.4-percent decrease in May to 2,745. Year-to-date 2013, the Baird/STR Hotel Stock Index is up 12.1 percent. The index ended 2012 at 2,448.
Hotel Industry News - Financial
Wednesday June 19th, 2013
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2013-06-10
The refinancing process has been conducted by financial advisors of the firm IREA, this new strategic financial plan will allow the Company to refinance its debt, and initiate a significant renovation and improvement plan of its hotels and resorts.
2013-06-04
Lower than expected in-the-year, for-the-year group bookings - Cost synergies are not being realized as quickly as anticipated
2013-05-23
Wyndham Worldwide Corporation (NYSE: WYN) announced yesterday the closing of a new $1.5 billion revolving credit facility to replace its existing $1 billion facility, which had been scheduled to mature in July 2016.
2013-05-17
The Baird/STR Hotel Stock Index reported a 0.4-percent increase in April to 2,784. Year-to-date 2013, the Baird/STR Hotel Stock Index is up 13.7 percent. The index ended 2012 at 2,448.
2013-05-14
Adjusted net income (non-GAAP) was RMB 10.3 million (US$1.7million) compared to a loss of RMB 24.6 million in the first quarter of 2012.
2013-05-13
Reported a $1.1 million decline in Adjusted EBITDA to $1.3 million and a $1.7 million decline in Adjusted FFO.
2013-05-13
For the year ended December 31, 2012, the Company generated revenues from resort operations of $9.45 million and a net loss of $17.85 million or $0.06 per share compared to $6.66 million and a net loss of $42.66 million or $0.21 per share. Resort Operations EBITDA from continuing operations for the 2012 year were $2.54 million compared to negative $0.8 million in the 2011 year.
2013-05-10
The Company's RevPAR was $119.40, an increase of 2.0% from 2012. Excluding the Company's New York City hotels under renovation, the Company's RevPAR increased 5.6% from 2012.
2013-05-09
Q1 global RevPAR growth of 3.1%, with rate up 2.0% and occupancy up 0.6%pts. The shift in timing of Easter from April into March adversely impacted RevPAR in the quarter. The corresponding boost can be seen in April when RevPAR was up 6.6% for the Group as a whole compared to just 0.6% in March.
