• Groups help Host

Host Hotels raised revenues 6.9% in the first quarter, with revpar up 6.8%. Growth in group business helped improve room rates, while occupancy rose 1.5% to 73.9%.

Group business also improved in Europe, helping revpar up 2.8% on a constant euro basis at the group’s joint venture. Host has just over USD390m of cash and USD782m of credit available, should opportunities present.
Read the full story here:
http://ir.hosthotels.com/phoenix.zhtml?c=60734&p=irol-newsArticle_print&ID=1924721&highlight=

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