Declaring a boom in the Hospitality industry, the Starwood Hotels & Resorts Worldwide Inc., has seen a huge rise in profits in the first quarter.

A poll conducted by Thomson Reuters has reported the earning per share have seen a 19 cent rise. And the second quarter share rise has been projected, to be anything between 21 to 24 cents, per share.

Starwood Hotels & Resorts has registered a $6 million increase in profit, making its first quarter profit $30 million which amounts to a rise of 16 cents per share. Even the revenue improved from 5.3% to $1.19 billion.

Even other similar groups have seen a high this first quarter, with Marriott International Inc., Wyndham Worldwide Corp., rising above their losses of last year.

Timeshare sales saw a dip of 4.9% and this affected the revenue of vacation-ownership of hotel rooms, the revenue of which saw a drop of 2.2%. On an average, the vacation-ownership price, decreased by 7.5%, per unit.

This was lesser than what was reported by Wyndham Worldwide Corp, on Wednesday evening.

The operator of W and Sheraton hotels, Starwood estimates to earn a rise of something between 75 to 88 cents per share, at the end of the year.