Host Hotels Reports Q2 Revenue Rise

21st July 2011 (Last Updated July 21st, 2011 18:30)

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.