• NH turns a corner

NH Hoteles saw momentum pick up in 2013, with revpar up 2.7% in the final quarter after turning positive from the second quarter. While room rates weakened, occupancy rose 3.4% for the year.

During the year, the group removed 1,500 rooms in hotels reviewed as being non-core. Negotiations helped cut lease expenses by 4.8% at comparable hotels.
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