Hyatt Hotels Says Comparable System-Wide RevPAR Increased 9.1% In Q4 And 17.0% For Fiscal Year 2023
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels announced that its comparable system-wide RevPAR (Revenue Per Available Room) increased by 9.1% in Q4 and by 17.0% for the fiscal year 2023, indicating strong performance and recovery in the hospitality sector.
February 23, 2024 | 11:59 am
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Hyatt Hotels' significant increase in RevPAR for both Q4 and the fiscal year 2023 suggests a robust recovery and performance in the hospitality sector.
The reported increase in RevPAR is a key performance indicator for hotels, reflecting higher room rates, occupancy, or both. This positive trend is likely to instill investor confidence in Hyatt's recovery and growth trajectory, potentially leading to a short-term positive impact on its stock price.
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