Madrid-based NH Hoteles said its sales increased 10.2 percent and hotel earnings rose 11.7 percent during the first six months of 2008. The chain said its units' cost-cutting initiatives contributed to those positive results. Revenue per available room (RevPAR) grew by more than 10 percent at its properties in Germany, central and eastern Europe and the Americas, the company reported. NH Hoteles operates 344 hotels in 21 countries in Europe, the Americas and Africa.
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