Hyatt (H) Q1 Earnings & Revenues Miss Estimates, RevPAR Up Y/Y
HHyatt(H) Zacks Investment Research·2024-05-10 01:36

Hyatt Hotels Corporation (H) delivered tepid first-quarter 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimate. Then again, the top and bottom lines increased on a year-over-year basis. Hyatt’s results reflect year-over-year growth in comparable system-wide revenue per available room (RevPAR), driven by an increase in occupancy and average daily rate (ADR). This uptrend is mainly driven by solid demand across all customer segments. Travel demand by leisure guests, especially in M ...