Hyatt Hotels Analysts Cut Their Forecasts Following Q2 Results
Hyatt(H) Benzinga·2024-08-07 21:17
Hyatt Hotels Corporation H reported mixed results for its second quarter on Tuesday.The company posted second-quarter 2024 sales of $1.703 billion, missing the consensus estimate of $1.705 billion. Net room growth was approximately 4.6% year-over-year.Comparable system-wide hotels' RevPAR increased by 4.7%, and comparable system-wide all-inclusive resorts' Net Package RevPAR increased by 3% YoY.Adjusted EPS of $1.53 beats the analyst consensus of $1.17."System-wide RevPAR grew by 4.7% and net rooms growth w ...