Hyatt Expects System-Wide RevPAR1 Of 14%-16% Compared To 12%-16% Expected Earlier; Reaffirms Net Rooms Growth At Approximately 6%
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels Corporation has updated its system-wide RevPAR1 forecast to 14%-16%, up from the previously expected 12%-16%. The company has also reaffirmed its net rooms growth at approximately 6%.
August 04, 2023 | 12:57 pm
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Hyatt's updated forecast of a higher RevPAR1 and reaffirmed net rooms growth could indicate a positive outlook for the company's performance, potentially impacting its stock positively.
RevPAR (Revenue Per Available Room) is a key performance metric in the hotel industry. An increase in this metric indicates higher revenue generation capability. The reaffirmation of net rooms growth also indicates steady expansion. Both these factors could lead to a positive investor sentiment, potentially driving the stock price up.
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