Now Reading
Hyatt’s horizon brightens in the first quarter

Hyatt’s horizon brightens in the first quarter

View Gallery

The US hotel group has significantly reduced its net losses in the first quarter of 2022. These have been reduced to $73 million, or $0.67 per share, from $304 million or $2.99 per share in the first three months of 2021.

 

Another positive sign is that RevPAR (the indicator that multiplies the average daily room rate by its occupancy rate) has increased significantly during the first four months of the year, i.e. 37% above 2019 in January, but slightly less so in April (+9%).  In April, the Americas and the EAME (Europe, Africa and Middle East)-Asia zones had thus exceeded their 2019 levels by 3% and 1% respectively. The Americas were boosted by their luxury brands (+10% growth vs. last year), representing a 30% increase over 2019.

See Also


 

[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Hyatt

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

COPYRIGHT 2021 LUXUS + ALL RIGHTS RESERVED

Scroll To Top