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Exhibit One Impact Of RevPAR Change On Hotel Profits* Note: * Before deduction for capital reserve, rent, interest, income taxes, depreciation, and amortization.

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Presentation on theme: "Exhibit One Impact Of RevPAR Change On Hotel Profits* Note: * Before deduction for capital reserve, rent, interest, income taxes, depreciation, and amortization."— Presentation transcript:

1 Exhibit One Impact Of RevPAR Change On Hotel Profits* Note: * Before deduction for capital reserve, rent, interest, income taxes, depreciation, and amortization. Source: PKF Hospitality Research, A CBRE Company, Trends® in the Hotel Industry database.

2 Exhibit Two Impact Of RevPAR Change Composition On Hotel Profits* Note: * Before deduction for capital reserve, rent, interest, income taxes, depreciation, and amortization. Source: PKF Hospitality Research, A CBRE Company, Trends® in the Hotel Industry database.

3 Exhibit Three Impact Of RevPAR Change On Hotel Profits* Note: * Before deduction for capital reserve, rent, interest, income taxes, depreciation, and amortization. Source: PKF Hospitality Research, A CBRE Company, 2012 - 2013 Trends® in the Hotel Industry database.

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