Hyatt Hotels Forecasts 2024 System-Wide RevPAR Of 3% To 5%, With Net Rooms Growth Of 5.5% To 6%
Portfolio Pulse from Benzinga Newsdesk
Hyatt Hotels has projected a system-wide RevPAR (Revenue Per Available Room) growth of 3% to 5% for the year 2024. Additionally, the company expects its net rooms growth to be between 5.5% to 6% during the same period.
February 23, 2024 | 12:02 pm
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Hyatt Hotels projects a 3-5% RevPAR growth and 5.5-6% net rooms growth for 2024, indicating a positive outlook for the company's revenue and expansion.
The projected growth in RevPAR and net rooms indicates a strong and positive outlook for Hyatt Hotels, suggesting an increase in demand and operational efficiency. This is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
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