Starwood Hotels and Resorts announced first-quarter net income of $30 million compared with $6 million in 2009

. Systemwide average daily rate dropped 2.6 percent to $158.18, whereas occupancy increased 5.2 percent to 62 percent year over year. In the quarter, business transient room nights were up 14 percent and group nights were up 5 percent, according to CFO Vasant Prabhu. "The engine of the recovery so far has been late breaking corporate business," said Prabhu. Group "leads are up 14 percent, group pace for the balance of the year is rapidly approaching flat to 2009 and this business should be less susceptible to cancellations than 2009 was."