Sunstone Hotel Investors Inc. (SHO) anticipates an approximate 6.5% increase for revenue per available room in the second quarter as it also projected a key profitability metric will likely top analysts' expectations.
The hospitality industry is beginning to see signs of a rebound after several years of falling prices and occupancy rates.
President and Chief Executive Art Buser said Sunstone has continued to see improving demand, primarily because of increased business travel. The demand increase is allowing operators to improve pricing in some markets, he added.
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