Starwood Hotels tumbles during earnings call

|By:, SA News Editor

The earnings call may not be going well for Starwood Hotels (HOT -4%) which has tumbled in the last few minutes (the call started at 10:30 ET). Among the items in the call is management saying RevPar growth in Europe is being held hostage by tensions between Ukraine and Russia.

Earlier the company reported an earnings beat, but the stock was modestly lower heading into the conference call.

Q2 of this year saw worldwide RevPar growth of 5.3% in constant dollars vs. 2013, and International RevPar growth of 4.1%.

FY14 RevPar growth is expected to be 5-7% in constant dollars.

Previously: Starwood Hotel & Resorts beats by $0.02, misses on revenue