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by Michael J. Shapiro | August 10, 2011

Hotel companies have been reporting mostly positive second-quarter results over the past week. Hyatt Hotels Corp.'s net income of $37 million represented a 48 percent year-over-year increase. Hyatt's North American full-service revenue per available room rose by 5 percent over last year, while both North American select-service RevPAR and international RevPAR experienced nearly double-digit growth (9.6 and 9.9 percent, respectively). InterContinental Hotels Group, meanwhile, reported a 21 percent increase in operating profit, to $269 million. IHG's global RevPAR increased by 6.7 percent over last year, led by 12.7 percent RevPAR growth in China. MGM Resorts International noted an operating income of $3.7 billion for the second quarter, compared with a $1 billion loss a year ago. The company's acquisition of a controlling interest in MGM China largely was responsible for the uptick. MGM's Las Vegas Strip RevPAR was up 10 percent over last year. Gaylord Entertainment's income was $8.6 million for the quarter, compared with the $26 million loss the company suffered in the previous year. Not counting the Gaylord Opryland, which was closed for part of the second quarter last year, the company's total RevPAR was down by 3 percent, causing the company to downgrade its projected RevPAR increase for the year. Group booking at Gaylord, however, is up: 150,000 room nights were put on the books in the second quarter, with 90,000 of those booked in June.