Starwood releases 4th Qtr financials..

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

http://phx.corporate-ir.net/External...xUeXBlPTM=&t=1

Net income was $339 million and $1.78 per share in the fourth quarter of 2010 compared to a net loss of $107 million and $0.59 per share in the fourth quarter of 2009.

[bnoble Senior Member Find all posts View Profile Close bnoble]

Some good news in there.

Worldwide System-wide REVPAR for Same-Store Hotels increased 10.1% (10.3% in constant dollars) compared to 2009. System-wide REVPAR for Same-Store Hotels in North America increased 10.2% (9.7% in constant dollars).

and some not-so-good news.

Total vacation ownership revenues of $135 million were flat compared to 2009. Originated contract sales of vacation ownership intervals decreased 1.2% primarily due to lower average prices. The number of contracts signed increased 7.6% when compared to 2009 and the average price per vacation ownership unit sold decreased 7.0% to approximately $14,000, driven by price reductions and inventory mix.

[drcee Junior Member Find all posts View Profile Close drcee]

opinion

This industry is similar to the fishing industry.
Somedays the catch is good, other days it is bad.

Do these results mean that the suckers are returning?

drcee