Kimberry Pitt
All posts from Kimberry Pitt
Kimberry Pitt in Kimberry Pitt,

Double Revenue for Hyatt

Hyatt Hotels Corp. reported forth quarter profit that has double its growth and this send its stock rise more than 6% today.

Hyatt Hotel's earning increases from $16 million to $32 million.
Adjusted EPS is $0.20 versus the forecast of $0.20 and the revenue came in at $1.09 billion or improved 9.1% beat the estimate of $1.08 billion.
Occupancy increases from 70.7% to 72.5%

Mark S. Hoplamazian, CEO of Hyatt Hotel, sees the positive demand trends and plans to expand and open more hotel around the world. He also expect higher occupancy levels in U.S. to support increasing strength in room prices and will continue the recycle program.