What kind of RevPAR growth did the industry see last year?
Mr. Rose: For the US, it looks like it will come in at about 8%. In the upper upscale sector, which is where Hilton (HLT), Marriott (MAR), and Starwood (HOT) derive a lot of their earnings, RevPAR was probably about 7.5%, a decline in the growth rate of nearly 10% in 2005, but still very good relative to the historical growth rate. Where we really saw a lot of growth in 2006 was in the luxury sector, which did very well. It will come in at a little over 11% growth. Tickers included in this excerpt: HLT, HPT, MAR, SHO For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.
