Article: The Daily Record News Briefs: October 6, 2009

Report from DiamondRock

DiamondRock Hospitality Co., of Bethesda, a real estate investment trust focused on high-end hotels, said it expects third- quarter revenue per available room to drop about 17 percent from a year earlier, a smaller decline than the previous quarter. The company predicts revenue per available room of approximately $107.50 for the period ended Sept. 11. Revenue per available room, also known as revpar, is a key gauge of a lodging company's performance. The results are encouraging, said Stifel Nicolaus & Co. analyst Rod Petrik in a client note, as DiamondRock reported a revpar decline of 22.9 percent in the second quarter.

Quanta Systems acquired

Black Box Corp., of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!