Hotel Industry News - Financial

Fourth-quarter profit of $167 million down from $339 million

The Company's outlook for 2012, which assumes continued improvement in economic activity, positive business travel trends and the other significant assumptions detailed below, is as follows:

The previous regional reporting segments of Americas, Europe Middle East and Africa, and Asia Pacific, will become four segments: Americas, Europe, Asia Middle East and Africa (AMEA), and Greater China.

Same-store revenue in 2011 increased by $1.4 million despite challenging conditions both globally and in certain of our markets.

The Baird/STR Hotel Stock Index ended December with a 2.7-percent increase to 2,003 and was down 15.3 percent in 2011. The index ended 2010 at 2,364.

For the fourth quarter of 2011, the Company expects to report Adjusted EBITDA that will exceed $12.5 million, which was the top end of the Company’s previously-announced earnings guidance, with fourth quarter same store revenue per available room (RevPAR) growth of approximately 8.5 percent.

Total revenues for the second quarter of fiscal 2012 were $90,069,000, a 3.8% increase from revenues of $86,735,000 for the second quarter of fiscal 2011.

Thunderbird Resorts Inc. (FRANKFURT:4TR)(EURONEXT:TBIRD) reports the following revenues for November 2011:

The Baird/STR Hotel Stock Index ended November with a 2.7-percent decrease to 1,951 and is down 17.5 percent year-to-date 2011. The index ended 2010 at 2,364.

For the three-month period ended September 30, 2011, the Company generated revenues from resort operations of $0.039 million and a net loss of $5.327 million or $0.02 per share. The loss in the third quarter was primarily because there has not been any ski operation at the Company's Yabuli Resorts since it closed in late March of 2011.