HH LUX
Lamps and Candleholders from Granite and Marble Designed in Denmark
US-based hospitality firm Red Lion Hotels has recorded a decline in total revenue for the third quarter (Q3) of 2011 to $46.2m, compared with $49.8m in the same period of 2010.
US-based hospitality firm Red Lion Hotels has recorded a decline in total revenue for the third quarter (Q3) of 2011 to $46.2m, compared with $49.8m in the same period of 2010.
The company’s net loss from continuing operations for the quarter stood at $100,000, compared with $3.2m last year.
Earnings before interest, taxes, depreciation and amortisation from continuing operations before special items stood at $8.2m, compared with $12.4m for Q3 2010.
During Q3 2011, occupancy for comparable hotels, excluding the Seattle Fifth Avenue, increased to 71.3%, and the average daily rate increased by 0.3%, both contributing to a 3.5% rise in comparable revenue per available room (revPAR) year on year.
Red Lion Hotels president and chief executive officer Jon E Eliassen said that the group was pleased with its revPAR growth for Q3 2011, particularly when compared with national results among other midscale hotels.
Lamps and Candleholders from Granite and Marble Designed in Denmark
Digital Guest Engagement
Innovative LED Lighting Solutions for Hotels