Third Quarter 2015 Results Roundup

    Hilton Worldwide: Net income attributable to Hilton stockholders for the third quarter was $279 million, an increase of $96 million from the same period in 2014. Adjusted EBITDA for the third quarter increased 13 percent from the same period in 2014 to $758 million. System-wide comparable RevPAR increased 5.8 percent for the third quarter on a currency neutral basis from the same period in 2014. System-wide occupancy rose 1.2 percent to 79.9 percent, while average daily rate increased 4.2 percent to $142.90.

    InterContinental Hotels Group: Global third quarter comparable RevPAR increased 4.8 percent, driven by rate up 3.6 percent. The company’s net system size increased 4.3 percent year-over-year (2.7 percent excluding Kimpton) to 727,000 rooms. IHG signed 16,000 new rooms (111 hotels) into its 218,000 pipeline, the highest third quarter hotel signings since 2008.

    La Quinta: Adjusted net income increased 18.2 percent to $24.8 million. Total revenue increased 2.9 percent to $279.1 million. System-wide comparable RevPAR increased 2.1 percent, ADR increased 3 percent, and occupancy decreased 64 basis points. Total adjusted EBITDA increased 4.5 percent to $114.2 million.

    Marriott International: Third quarter 2015 net income totaled $210 million, a 9 percent increase over 2014 third quarter net income. On a constant dollar basis, worldwide comparable system-wide RevPAR rose 4.5 percent in the third quarter. Marriott revenues totaled approximately $3.6 billion in the 2015 third quarter compared to revenues of nearly $3.5 billion for the third quarter of 2014. EBITDA totaled $431 million in the quarter, a 10 percent increase over third quarter 2014 adjusted EBITDA.


    Starwood Hotels & Resorts Worldwide: Adjusted EBITDA was $294 million. Excluding special items, income from continuing operations was $125 million in the third quarter of 2015 compared to $121 million in the third quarter of 2014. Revenues at Starwood same-store owned hotels worldwide increased 5.2 percent in constant dollars. Worldwide system-wide RevPAR for same-store hotels increased 5.4 percent in constant dollars compared to 2014. Interval Leisure Group entered into definitive agreements with Starwood to acquire its vacation ownership business, a transaction that has a total value to Starwood of approximately $1.5 billion.

    Wyndham Hotel Group: Revenues were $357 million in the third quarter of 2015, a 13 percent increase compared with the third quarter 2014. Adjusted EBITDA was $108 million, flat compared with the same period in 2014. In constant currency and excluding acquisitions, revenues increased 4percent and adjusted EBITDA increased 3 percent, reflecting domestic RevPAR growth, which was partially offset by increased marketing expenditures and higher costs related to the implementation of new property management and central reservation systems. Domestic RevPAR increased 5.2 percent. In constant currency, total system-wide RevPAR increased 3.3 percent.

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