Carlson Rezidor: Like-for-like RevPAR for leased and managed hotels was up by 8.7 percent. The growth, which is the highest since Q3 2010, is due to an increase in average room rate as well as higher occupancy. Revenue increased by 8.6 percent to 261.4 million euros, mainly due to the strong RevPAR development. EBITDA amounted to 35.8 million euros and the EBITDA margin increased to 13.7 percent, an improvement that’s mainly due to the strong RevPAR development and a good flow through in the leased business.
Hilton Worldwide: Net income attributable to Hilton stockholders for the third quarter was $279 million, an increase of $96 million from the same period in 2014. Adjusted EBITDA for the third quarter increased 13 percent from the same period in 2014 to $758 million. System-wide comparable RevPAR increased 5.8 percent for the third quarter on a currency neutral basis from the same period in 2014. System-wide occupancy rose 1.2 percent to 79.9 percent, while average daily rate increased 4.2 percent to $142.90.
InterContinental Hotels Group: Global third quarter comparable RevPAR increased 4.8 percent, driven by rate up 3.6 percent. The company’s net system size increased 4.3 percent year-over-year (2.7 percent excluding Kimpton) to 727,000 rooms. IHG signed 16,000 new rooms (111 hotels) into its 218,000 pipeline, the highest third quarter hotel signings since 2008.
La Quinta: Adjusted net income increased 18.2 percent to $24.8 million. Total revenue increased 2.9 percent to $279.1 million. System-wide comparable RevPAR increased 2.1 percent, ADR increased 3 percent, and occupancy decreased 64 basis points. Total adjusted EBITDA increased 4.5 percent to $114.2 million.