• Hyatt Q3 EBITDA up 20.7%

Hyatt Hotels Corporation reported a 20.7% increase on the year in adjusted EBITDA for the third quarter, to $111m.

Net income rose from $5m to $30m, with revpar up 6.9%. Mark S. Hoplamazian, president and CEO, said: "During the third quarter revpar, margins, and fees increased as a result of improved demand.  Higher levels of corporate and group business resulted in improved performance at convention and business hotels in particular."

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

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