• Starwood Q4 revpar up 10.1%

Starwood Hotels & Resorts reported a 10.1% increase in fourth-quarter revpar, ahead of expectations.

The group saw net income of $339m, up from a net loss of $107m in the same period last year. The company commented that macro-economic and geo-political environments remained "uncertain", but raised its 2011 earnings outlook to a range of $1.55 to $1.65 per share, up from its prior forecast of $1.44 to $1.55.

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