Hotel Industry News - Financial

Consolidated revenue increased 26.3 percent to $269.4 million in the fourth quarter of 2011 from $213.3 million in the same period last year.

Net revenues for the year ended 2011 increased 25.9% to $5,269.8 million, compared to $4,184.7 million in 2010. The revenue increase was driven by a 31.2% increase in revenues from our Macau Operations and a 14.2% revenue increase from our Las Vegas Operations.

Chatham Lodging Trust (NYSE: CLDT) announced the characterization of dividends declared in 2011 on its common shares for federal income tax reporting purposes.

Fourth-quarter profit of $167 million down from $339 million

The Company's outlook for 2012, which assumes continued improvement in economic activity, positive business travel trends and the other significant assumptions detailed below, is as follows:

The previous regional reporting segments of Americas, Europe Middle East and Africa, and Asia Pacific, will become four segments: Americas, Europe, Asia Middle East and Africa (AMEA), and Greater China.

Same-store revenue in 2011 increased by $1.4 million despite challenging conditions both globally and in certain of our markets.

The Baird/STR Hotel Stock Index ended December with a 2.7-percent increase to 2,003 and was down 15.3 percent in 2011. The index ended 2010 at 2,364.

For the fourth quarter of 2011, the Company expects to report Adjusted EBITDA that will exceed $12.5 million, which was the top end of the Company’s previously-announced earnings guidance, with fourth quarter same store revenue per available room (RevPAR) growth of approximately 8.5 percent.

Total revenues for the second quarter of fiscal 2012 were $90,069,000, a 3.8% increase from revenues of $86,735,000 for the second quarter of fiscal 2011.