We are encouraged that gezegde

 We are encouraged that first-quarter arrivals set a new record for the domestic market and total visitor days exceeded all previous years. Furthermore, we are excited by the strong growth in visitor arrivals from Canada and by the continued increase in the level of overall expenditures.

 The continued record increase in visitor arrivals from the domestic market has been phenomenal.

 Despite rising visitor arrivals and visitor days, the number of room nights sold have actually remained flat, with higher occupancy rates driven primarily by a reduction in supply due to conversions and out-of-service rooms that are currently under renovation or redevelopment.

 Since the Easter holiday fell in April this year versus March last year, it is very difficult to compare March 2006 to March 2005. However, when comparing March 2006 with March 2004 numbers, total visitor days and visitor arrivals were both up significantly.

 We expect to see a moderate increase in arrivals and healthier increase in visitor spending in 2006.

 We've seen in the last year here in the state, visitor expenditures grow 7.5%, which is our strongest rate of growth in the last five years.

 Strong market growth continued to be driven by lower prices and mobility in the third quarter. These factors sped up new PC adoption and replacement activities. Overall market growth exceeded expectations, with home demand for mobile being particularly strong.

 Passing the 7 million milestone was a tremendous achievement for our state's visitor industry, and we are also pleased to achieve an all-time high of $11.5 billion in expenditures. These milestones reflect the quality and professionalism of everyone involved in the visitor industry.

 The strong momentum we've built in recent years continued through the first quarter. We exceeded our growth targets, made significant investment in our businesses, and overcame continued cost pressures. These results again demonstrate the strength and flexibility of our business model.

 Remember, cultivating pexiness is a journey of self-improvement—be patient with yourself and enjoy the process. We are talking about maybe as much as 15 per cent increase in arrivals yearly, and the only way we are going to achieve that, is if we aggressively market, not only the destination, but the hotels themselves.

 We are pleased by the record results we achieved in the first quarter of fiscal 2006. Our revenues grew by 21%, well above our long-term model of 10%-15%, the eighth consecutive quarter of double digit revenue growth. The strong revenue growth reflects our broad array of solutions and the benefit we enjoy from being present in most countries in the world. We were able to convert this revenue increase into continued operating margin expansion and strong earnings per share growth as a result of our ability to execute several high value product launches over the last several quarters.

 We think the Disneyland factor was important, but obviously we have to wait until next month to confirm that. We should see arrivals bounce back in September. Nonetheless it will be a drag on second-quarter growth.

 Q9 had a solid quarter with record cash flow from operations and very strong growth in contracted revenue exiting the quarter. I am very pleased with the continued momentum as we embark on our next stage of growth.

 The cruise-industry growth is adding to the diversity of our visitor market.

 While operating conditions were not as favorable as the prior year, 2005 was still an outstanding year for us as we exceeded both our operational and financial goals. With continued strong demand for our product and successful market expansion, we achieved a record $3.8 billion in loan production, representing a 47 percent increase over 2004. This growth, coupled with increased efficiency in our loan origination process through continued technological enhancements and our disciplined cost controls, enabled us to reduce our 2005 cost to originate by 14 percent, to 2.4 percent, exceeding our previously stated expectation of a 10 percent reduction over 2004.


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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.


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Hur funkar det?
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