Rates at Starwood Hotels & Resorts Worldwide properties globally increased by 1.7 percent year over year during the first quarter of 2012.

Rates were up 2.7 percent in North America, 2.2 percent in Asia/Pacific and 10.8 percent in Latin America, but decreased by 3.5 percent in Europe and by 2.6 percent in Africa and the Middle East. Starwood's W brand had the largest increase, 4.2 percent, while rates at most other brands increased in the 2 percent range. Rates were nearly flat at Le Meridien and the St. Regis/Luxury Collection brands, and were down 27 percent at Aloft properties. Occupancy increased by 2.6 percentage points globally and across all global regions during the quarter. Starwood's net income for the quarter was $128 million, up from $28 million in the first quarter of 2011.