SPRINGFIELD, MO- John Q. Hammons Hotels reported total earnings before interest expense, taxes, depreciation and amortization (EBITDA) of $30.5 million for the third quarter ended September 29, 2000, compared to $24.7 million in the 1999 third quarter.
The companys average room rate for the third quarter was $98.30, up 3.9% compared to third quarter 1999 ADR of $94.64. The companys occupancy for the 2000 third quarter was 67.7%, up 1.3% from 66.4% in the 1999 third quarter. The companys RevPAR was $66.52 for the 2000 third quarter, up 5.8% from $62.86 in the 1999 third quarter.
Total revenue for the third quarter increased to $104.3 million, up 17% from $89.2 million in the year-earlier period. Total revenue for the 2000 nine months increased to $313.4 million, up 19% from $263.3 million in 1999. (11/7/00)