Sonesta Announces Domestic Hotel 2008 RevPar
FEBRUARY 23, 2009 - Sonesta International Hotels Corporation (Nasdaq-GL:SNSTA) announced year-end 2008 system-wide RevPAR (revenue per available room) for its U.S. hotels averaged over $128 and indexed at 104% against their competitive set of hotels according to Smith Travel Research.
In the United States, Sonesta manages hotels in Boston, Miami and New Orleans and their competitive set includes Ritz Carlton, Hyatt, Intercontinental, Marriott, Westin and Omni. In 2008, the Sonesta brand contribution averaged 45.5% of room's revenue at these hotels.
"We are looking to aggressively expand the Sonesta brand, particularly in the U.S. and Caribbean," said Philip Silberstein, executive vice president of development for Sonesta. "During this expansion period, we will continue to capitalize on our strong reputation for operating and branding unique, high quality hotels and resorts."
For over 60 years, Sonesta has owned, managed, designed, built and marketed hotels throughout the world. There are presently 25 Sonesta hotels and resorts, including 5 Nile cruise ships. The properties are located in Boston, Miami, New Orleans, St. Maarten, Brasil, Peru, and Egypt. This year, new properties are planned to open in Jaco Beach, Costa Rica and Cusco, Peru. Sonesta's stock is traded on the NASDAQ Global stock market under the symbol SNSTA.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
