Friday, August 6, 2010

“Summary Box: Hyatt Hotels 2Q Results”

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“Summary Box: Hyatt Hotels 2Q Results”


Summary Box: Hyatt Hotels 2Q Results

Posted: 05 Aug 2010 01:59 PM PDT

August 5, 2010 (AP)

BETTER RESULTS: Hyatt Hotels Corp. returned to a second-quarter profit as demand for its rooms increased, especially abroad.

KEY MEASURE: An important industry measure of revenue per available room rose 9.6 percent during the quarter. It climbed 6.8 percent in North America and 21.4 percent at international locations.

INDUSTRY OPTIMISM: Thursday's results continued the string of better news from some of the nation's biggest hotel owners who've reported rising occupancy and room rates.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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