Q1 earnings at Starwood Hotels exceed analysts' estimates

Starwood Hotels & Resorts Worldwide posted net income of $136 million in the first quarter, down 36% from last year but still beating analysts' estimates. The hotel firm reported total revenue of $1.46 billion, marking a 5.3% decline compared with last year's figures. Revenue per available room was up 6.3% worldwide and 6.4% in actual dollar terms at North American hotels open at least one year.

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