Hyatt Hotels Says Net Rooms Growth Was 5.9% YoY For FY2023; Comparable Net Package RevPAR Increased 11.3% In Q4, Comparable Owned And Leased Hotels RevPAR Increased 5.9% In Q4
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels reported a net rooms growth of 5.9% year-over-year for FY2023. In Q4, the company saw an 11.3% increase in comparable net package RevPAR and a 5.9% increase in RevPAR for comparable owned and leased hotels.
February 23, 2024 | 12:00 pm
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Hyatt Hotels reported significant growth in FY2023, with a 5.9% increase in net rooms and notable rises in RevPAR metrics for Q4.
The reported growth in net rooms and RevPAR indicates a strong performance and potential revenue increase for Hyatt Hotels, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100