1) International visitor arrivals to the Asia/Pacific region grew by 10% in the first five months of 2010, according to the Pacific Asia Travel Association.
2) Hilton Worldwide to Be Honored for Diversity Efforts with NABHOOD’s “Hotel Company of the Year” and “Apex Award”.
3) Starwood Hotels & Resorts Worldwide Inc.'s earnings fell 15% on charges as the lodging company continued to see demand improve. Results beat analysts' expectations and Starwood boosted its 2010 forecast again, this time to earnings of 93 cents to $1.05 a share on revenue per available room growth of 7% to 9%. In April Starwood had raised its earnings forecast to 88 cents on revpar of 5% to 8%. |