Hyatt Hotels Q1 Earnings Top Estimates; RevPAR Strengthens Further In April
Hyatt Hotels Corp (NYSE:H) reported first-quarter FY22 revenues of $1.27 billion, beating the consensus of $1.1 billion. Comparable system-wide RevPAR increased 107% to $93.98. System-wide Net Rooms Growth was 18.6%. Selling, general, and administrative expenses increased 16.8% to $111 million. The company held $1.3 billion in cash and equivalents as of March…
Benzinga ·