Hotel Bookings Said to Be Sluggish - thestreet.com

A slower-than-expected revenue recovery at hotels has one analyst reducing his earnings outlook. "The revenue per available room recovery in May and June has been inconsistent across regions resulting in a one- to two-point shortfall, and margin improvement has been stalled," said Harry Curtis, an analyst at J.P. Morgan, who cut earnings estimates for hotel chains Starwood (HOT:NYSE - news - commentary - research - analysis), Host Marriott...