Net income jumped 59% to $159 million, or 70 cents a share in the fourth quarter, from $100 million, or 46 cents a share, in the fourth quarter, 2004. In October, the company forecast earnings of 64 cents a share.

Total revenue was up 5.1% over the fourth quarter of 2004 to $1.52 billion for the White Plains, N.Y., company, while same-store revenue per available room was up 12.2% in North America, at the high end of expectations, and up 9.4% worldwide. Revenue from transient travel in North America was up 16.6%.

CEO Steven Heyer said in a conference call with analysts that room rate increases accounted for about 80% of the North American same-store revenue growth, with rates up 9.5%, on average.

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