• Strong quarter for Host

Host Hotels reported revpar up 7.9% in the third quarter thanks to strong room rate growth. Occupancy improved to reach 79.9%, sending hotel operating profits up 21.9%.

In Europe, revpar was up 4.1% in the quarter, helped by stronger transient and group business. Host cut interest costs by USD14m during the quarter, due to repayments and a reduction in interest rates.   
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