Starwood posts $24 million Q1 profit - Hawaii News Now - KGMB and KHNL

Starwood posts $24 million Q1 profit

Sheraton Maui Resort Sheraton Maui Resort

By Howard Dicus - bio | email

WHITE PLAINS, NY (HawaiiNewsNow) - Starwood Hotels & Resorts Worldwide Inc., parent of the Sheraton brand, reports a $24 million quarterly profit.

Revenues rose less than 3% in North American properties, though international revenue was healthier and rose almost 21% in the Asia-Pacific region.

Starwood said luxury brands did best. Starwood is also the parent company of the St. Regis, W and Westin brands. A timeshare division saw 5% higher revenue.

The $24 million profit was less than half of what First Hawaiian Bank and Bank of Hawaii made in the same quarter.

Starwood manages numerous properties in Hawaii including the Kyo-ya Corp.-owned Sheraton Waikiki, Royal Hawaiian, Moana Surfrider and Princess Kaiulani hotels. It has extensive timeshare holdings in the islands as well.

Copyright 2010 by HawaiiNewsNow. All rights reserved.

  • Hawaii News Now headlinesNewsMore>>

  • Federal agency says it lost track of 1,488 migrant children

    Federal agency says it lost track of 1,488 migrant children

    Wednesday, September 19 2018 7:08 PM EDT2018-09-19 23:08:09 GMT
    Wednesday, September 19 2018 9:39 PM EDT2018-09-20 01:39:33 GMT
    (AP Photo/Brynn Anderson, File). FILE - In this June 20, 2018, file photo, Immigrant children walk in a line outside the Homestead Temporary Shelter for Unaccompanied Children a former Job Corps site that now houses them in Homestead, Fla. A Senate sub...(AP Photo/Brynn Anderson, File). FILE - In this June 20, 2018, file photo, Immigrant children walk in a line outside the Homestead Temporary Shelter for Unaccompanied Children a former Job Corps site that now houses them in Homestead, Fla. A Senate sub...
    Federal agency can't account for 1,488 migrant children placed in homes around the country.More >>
    Federal agency can't account for 1,488 migrant children placed in homes around the country.More >>
  • Trump says 'hard to imagine' Kavanaugh guilty of allegation

    Trump says 'hard to imagine' Kavanaugh guilty of allegation

    Wednesday, September 19 2018 12:37 AM EDT2018-09-19 04:37:34 GMT
    Wednesday, September 19 2018 9:39 PM EDT2018-09-20 01:39:18 GMT
    (AP Photo/Alex Brandon). In this Sept. 6, 2018 photo, Supreme Court nominee Brett Kavanaugh reacts as he testifies after questioning before the Senate Judiciary Committee on Capitol Hill in Washington. Official Washington is scrambling Monday to assess...(AP Photo/Alex Brandon). In this Sept. 6, 2018 photo, Supreme Court nominee Brett Kavanaugh reacts as he testifies after questioning before the Senate Judiciary Committee on Capitol Hill in Washington. Official Washington is scrambling Monday to assess...

    Trump has already rejected the idea of bringing in the FBI to reopen its background check of Kavanaugh. Should he order such a review, it would likely delay a confirmation vote until after the election.

    More >>

    Trump has already rejected the idea of bringing in the FBI to reopen its background check of Kavanaugh. Should he order such a review, it would likely delay a confirmation vote until after the election.

    More >>
  • Regulators: NC flooding too bad to tally environmental harm

    Regulators: NC flooding too bad to tally environmental harm

    Wednesday, September 19 2018 12:39 AM EDT2018-09-19 04:39:06 GMT
    Wednesday, September 19 2018 9:28 PM EDT2018-09-20 01:28:49 GMT
    (AP Photo/Steve Helber). Chicken farm buildings are inundated with floodwater from Hurricane Florence near Trenton, N.C., Sunday, Sept. 16, 2018.(AP Photo/Steve Helber). Chicken farm buildings are inundated with floodwater from Hurricane Florence near Trenton, N.C., Sunday, Sept. 16, 2018.

    Officials say North Carolina rivers swamped dozens of farm buildings where animals were being raised for market, killing about 3.4 million chickens and turkey and 5,500 hogs.

    More >>

    Officials say North Carolina rivers swamped dozens of farm buildings where animals were being raised for market, killing about 3.4 million chickens and turkey and 5,500 hogs.

    More >>
Powered by Frankly