Strategic Hotels & Resorts cut its second-quarter net loss to $47.4m (£30.3m) from $86.0m in the same period last year.
Revenue was $195.97m, up from $185.40m, with Ebitda increasing 4.6% to $35.1m. North American total revpar rose 5.9%, with Europe seing 4.9% growth. CEO Laurence Geller said: "We are especially encouraged by significant revenue and profitability growth which was driven by broadly improving lodging demand and strength within both the corporate group and transient segments of our business."
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