"These attributes drive strong returns when the economic picture is bright and allow us to outperform competitors when times are more challenging. The third quarter demonstrated those advantages.
We expect to open approximately 30,000 rooms in 2008 and 30,000 to 35,000 rooms in 2009. Companywide we are maximizing revenue opportunities and operating efficiencies while redefining and refreshing our brands. We're confident that as the economy strengthens, we'll be well positioned to achieve solid earnings growth."