Comfort Inn 2011 Annual Report Download - page 42
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Table of Contents
A summary of the Company’s domestic franchised hotels operating information for the years ending December 31, 2011 and 2010 is as follows:
Comfort Inn
$77.21
55.6%
$42.93
2.8 %
190 bps
6.3%
Comfort Suites
82.48
55.2%
45.53
1.5 %
340 bps
7.8%
Sleep
68.82
51.6%
35.52
1.7 %
200 bps
5.5%
Quality
66.81
48.1%
32.11
1.4 %
190 bps
5.5%
Clarion
75.15
43.7%
32.86
(1.7)%
320 bps
5.4%
Econo Lodge
54.10
45.8%
24.80
1.1 %
170 bps
4.7%
Rodeway
51.07
45.8%
23.38
1.6 %
290 bps
8.1%
MainStay
65.60
63.6%
41.71
0.9 %
410 bps
7.4%
Suburban
39.23
63.8%
25.03
2.6 %
370 bps
8.5%
Ascend
Collection
112.50
57.6%
64.81
1.0 %
270 bps
5.6%
Total
$70.50
51.3%
$36.18
1.9 %
220 bps
6.2%
____________________________
* Operating statistics represent hotel operations from December through November and exclude Cambria Suites.
The number of domestic rooms on-line decreased to 392,826 rooms as of December 31, 2011 from 393,535 as of December 31, 2010 a decline of 0.2%.
The total number of domestic hotels on-line increased by 8 units to 5,001 as of December 31, 2011 from 4,993 as of December 31, 2010.
A summary of the domestic hotels and available rooms at December 31, 2011 and 2010 by brand is as follows:
Comfort Inn
1,435
112,169
(36)
(2,839)
(2.5%)
(2.5%)
Comfort Suites
623
48,246
(7)
(508)
(1.1%)
(1.1%)
Sleep
398
28,957
(4)
(389)
(1.0%)
(1.3%)
Quality
1,012
89,185
35
2,317
3.5%
2.6%
Clarion
192
28,711
(3)
(1,184)
(1.6%)
(4.1%)
Econo Lodge
784
48,728
13
755
1.7%
1.5%
Rodeway
387
21,261
1
366
0.3%
1.7%
MainStay
37
2,868
3
225
8.1%
7.8%
Suburban
64
7,685
(4)
(559)
(6.3%)
(7.3%)
Ascend Collection
38
3,025
14
1,592
36.8%
52.6%
Cambria Suites
23
2,700
(4)
(485)
(17.4%)
(18.0%)
Total Domestic Franchises
4,993
393,535
8
(709)
0.2%
(0.2%)
International available rooms increased 2.7% to 104,379 as of December 31, 2011 from 101,610 as of December 31, 2010. The total number of
international hotels on-line increased 2.4% from 1,149 at December 31, 2010 to 1,177 as of December 31, 2011.
As of December 31, 2011, the Company had 408 franchised hotels with 32,586 rooms under construction, awaiting conversion or approved for
development in its domestic system as compared to 516 hotels and 41,682 rooms at December 31, 2010. The number of new construction franchised hotels
in the Company’s domestic pipeline declined 27% to 277 at December 31, 2011 from 380 at December 31, 2010. The number of conversion franchised hotels
in the Company’s domestic pipeline declined by 5 units or 4% from December 31, 2010 to 131 hotels at December 31, 2011. The domestic system hotels
under construction, awaiting conversion or approved for development declined 21% from the prior year primarily due to the opening of 256 franchised units
during the year ended December 31, 2011 coupled with a 7% decline in the execution of new franchise agreements due to the difficult credit environment. The
Company had an additional 82 franchised hotels with 7,089
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