Hyatt Hotels Posts Q2 Profit Beat on RevPAR Gain

Hyatt Hotels (H) reported higher-than-expected second-quarter profit arsenic revenue per disposable room (RevPAR) gained.

Comparable system-wide hotels RevPAR accrued 4.7% year-over-year to $149.31, higher than forecasts of a 4.0% summation from analysts polled by Visible Alpha.

Earnings per stock (EPS) of $3.46 easy surpassed analysts' estimates, but gross of $1.7 cardinal missed and nan institution lowered nan apical extremity of its full-year system-wide hotels RevPAR outlook, now seeing maturation of 3% to 4% from its anterior forecast of 3% to 5%.

Hyatt Expanded Global Footprint During Q2

Hyatt said it added 18 caller hotels, amounting to 3,251 rooms, during nan 2nd quarter, among them Park Hyatt Changsha successful China and The Legend Paracas Resort successful Peru. 

Hyatt shares edged little to $133.33 arsenic of noon ET Tuesday. They are 2% higher this year.