Procurement
Average daily rates at Starwood properties increased year over year by 4.5 percent in North America and by 7.1 percent outside North America during the first quarter
, Starwood Hotels & Resorts reported. Starwood's rates rose in all regions, led by Asia-Pacific (11.3 percent) and Latin America (7.5 percent). Occupancy increased across all regions except in Africa and the Middle East. Revenue per available room increased by 10.4 percent worldwide, and by 11.1 percent in North America. Net income for the quarter decreased 7.1 percent year over year to $28 million.