Starwood returns to profit amid industry upswing

04/26/2004 | Washington Post (tiered subscription model), The

As the hotel industry continues to rebound from the post-Sept. 11, 2001, business slump, Starwood Hotels & Resorts Worldwide returned to a first-quarter profit, with net income of $34 million, or 16 cents a share, compared with a loss of $116 million, or 58 cents a share, a year earlier. The company, which owns Sheraton and Westin hotels, showed a revenue increase of 13% to $1.23 billion, up from $1.09 billion.

View Full Article in:

Washington Post (tiered subscription model), The

Published in Brief: