Hyatt 3Q Comparable System-Wide RevPAR Climbs 7.2%
H sits 28% above its 52-week low of $134.18.
Summary
Hyatt's third-quarter comparable system-wide RevPAR rose 7.2%, a solid top-line operating result for the quarter. The quarter's net income was $58M and EPS came in at 60c, with adjusted EPS of $1.27. That comes alongside the same release's trimmed full-year net income outlook of $240M-$310M, which cut the top end from the prior $250M-$335M range. The RevPAR gain shows demand and pricing holding up across the portfolio even as the profit guide came down.
At the time of this announcement, H was trading at $172.20 on NYSE in the Trade & Services sector, with a market capitalization of approximately $16.4B. The 52-week trading range was $134.18 to $206.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.