• Hyatt moves into Q2 profit

Hyatt Hotels Corporation reported net income of $25m (£16m) for the second quarter, against a net loss of $50m in the same period last year.

The group saw quarterly revenue rise 5.2% to $889m, with revpar up by 9.6%, driven by occupancy as rate fell across the portfolio, with the exception of the group’s international managed and franchised estate, which saw rate growth of 2.3%. Adjusted Ebitda increased by 12.5% to $135m.

See the full release here:
http://www.hyattpressroom.com/content/hyatt/en/news_releases0/2010/Hyatt-Reports-Second-Quarter-2010-Results.html

Share →