Systemwide RevPAR for Starwood dropped 27.7 percent for the quarter, slighty higher than the drop Marriott reported last week (BTNonline, July 16). International properties took the biggest hit, with international RevPAR dropping 30.6 percent compared with North America's drop of 25.4 percent.

Swine flu concerns cost the company about $10 million in revenue during the quarter, according to Starwood CEO Frits van Paasschen.

Average daily rates for the quarter dropped by 18.4 percent worldwide. Luxury brands and upper upscale brands saw the steepest drops: Le Meridien was down 22.2 percent, St. Regis and the Luxury Collection were down 24 percent and W was down 25.9 percent.

Occupancy for the quarter was down 8.1 percent worldwide. Most brands saw occupancy drops within a few percentage points of that range with the exception of W, which had an occupancy drop of only 4.4 percent.

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