Host Hotels Reports Q2 Revenue Rise
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Host Hotels Reports Q2 Revenue Rise

21 Jul 2011

Host Hotels & Resorts posted a 17% increase in revenue for the second quarter (Q2) of 2011 to $184m and a 14% increase of $264m for the year to date. Host Hotel's net income for Q2 2011 stood at $64m compared with $20m in the same period last year, while its net income for the year

Host Hotels & Resorts posted a 17% increase in revenue for the second quarter (Q2) of 2011 to $184m and a 14% increase of $264m for the year to date.

Host Hotel’s net income for Q2 2011 stood at $64m compared with $20m in the same period last year, while its net income for the year to date stood at $4m compared with a net loss of $64m for the year-to-date 2010.

Adjusted earnings before interest, taxes, depreciation, amortisation and other items increased by 25% to $313m for Q2 2011 and by 22% to $457m for the year to date.