Host Hotels and Resorts reported a first-quarter net loss of $84 million compared with a net loss of $60 million in 2009

. During the quarter, the asset management company for mostly Marriott and Starwood brands said worldwide average daily rate dropped to $166.66 from $182.57 in 2009, and occupancy fell 4.3 percentage points to 65.5 percent. Business transient room nights increased 12 percent and room nights from "special corporate business" increased 28 percent during the quarter, according to CEO W. Edward Walter. In the luxury segment, special corporate business demand increased 50 percent and corporate group business increased 18 percent year over year, suggesting "that companies are feeling somewhat less concerned about the potential political ramifications of booking business at higher-end properties," according to Walter.