5/27/2011

Several hotel stocks rose Thursday after Goldman Sachs raised its rating of Host Hotels & Resorts. "Host should have significant operating leverage as revenue-per-available-room (RevPAR) growth shifts to be driven more by rate than occupancy -- a trend we believe could last for years," said analysts Eli Hackel and Steve Kent. Another reason that hotel shares rose was that average RevPAR increased 11.6% for the week ending May 21. Host Hotels' shares were up 3.2%, while Starwood gained 2.8% and Marriott gained 2.1%.

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