Starwood 2012 Annual Report Download - page 140
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Segment Results
The following table summarizes REVPAR, ADR and occupancy for our Same-Store Owned Hotels for the
year ended December 31, 2011 and 2010. The results for the year ended December 31, 2011 and 2010 represent
results for 45 owned, leased and consolidated joint venture hotels (excluding six hotels sold and 14 hotels
undergoing significant repositionings or without comparable results in 2011 and 2010).
Year Ended
December 31,
2011 2010 Variance
Worldwide (45 hotels with approximately 15,900 rooms)
REVPAR (1) ............................................ $159.12 $142.76 11.5%
ADR ................................................. $218.65 $205.49 6.4%
Occupancy ............................................ 72.8% 69.5% 3.3
Americas (31 hotels with approximately 12,600 rooms)
REVPAR (1) ............................................ $140.44 $129.30 8.6%
ADR ................................................. $196.75 $190.37 3.4%
Occupancy ............................................ 71.4% 67.9% 3.5
EAME (11 hotels with approximately 2,200 rooms)
REVPAR (1) ............................................ $255.48 $220.08 16.1%
ADR ................................................. $339.15 $299.25 13.3%
Occupancy ............................................ 75.3% 73.5% 1.8
Asia Pacific (3 hotels with approximately 1,100 rooms)
REVPAR (1) ............................................ $183.33 $144.86 26.6%
ADR ................................................. $218.78 $182.58 19.8%
Occupancy ............................................ 83.8% 79.3% 4.5
The following table summarizes REVPAR, ADR and occupancy for our Same-Store Systemwide Hotels for
the year ended December 31, 2011 and 2010. Same-Store Systemwide Hotels represent results for same-store
owned, leased, managed and franchised hotels.
Year Months Ended
December 31,
2011 2010 Variance
Worldwide (837 hotels with approximately 252,600 rooms)
REVPAR (1) ............................................ $114.56 $104.43 9.7%
ADR ................................................. $168.37 $158.57 6.2%
Occupancy ............................................ 68.0% 65.9% 2.1
Americas (528 hotels with approximately 161,800 rooms)
REVPAR (1) ............................................ $107.59 $ 98.25 9.5%
ADR ................................................. $155.19 $148.05 4.8%
Occupancy ............................................ 69.3% 66.4% 2.9
EAME (172 hotels with approximately 44,300 rooms)
REVPAR (1) ............................................ $143.28 $132.58 8.1%
ADR ................................................. $219.35 $199.11 10.2%
Occupancy ............................................ 65.3% 66.6% (1.3)
Asia Pacific (137 hotels with approximately 46,500 rooms)
REVPAR (1) ............................................ $111.90 $ 99.57 12.4%
ADR ................................................. $169.17 $157.03 7.7%
Occupancy ............................................ 66.1% 63.4% 2.7
(1) REVPAR is calculated by dividing room revenue, which is derived from rooms and suites rented or leased,
by total room nights available for a given period. REVPAR may not be comparable to similarly titled
measures such as revenues.
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