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Hyatt Hotels revenue and profit dented by dollar

Hyatt Hotels Corp. reported that its revenue and profit slipped in its third quarter as the company faced currency headwinds and revenue from its owned and leased hotels fell 9.9%.

In recent quarters, Hyatt has reported strong revenue per available room, or RevPAR, which is considered an important metric to measure success in the hotel industry. During the latest quarter, however, foreign-exchange volatility dented results. Hyatt recorded a RevPAR increase of 2.5% in the third quarter at comparable owned and leased hotels. Excluding currency impacts, the metric would have grown 5.9%.

The average daily rate for comparable owned and...


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