Hyatt Reports Second Quarter 2023 Results
- EDITOR
- Aug 3, 2023
- 1 min read
Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "For the fifth consecutive quarter we posted record results demonstrating our unique positioning and continued momentum. System-wide RevPAR expanded 15% year-over-year, generating a record level of total fee revenue in the quarter. We updated our full year RevPAR outlook, and we expanded our pipeline to 119,000 rooms, representing approximately 40% of our existing portfolio. Our outlook remains optimistic, fueled by strong group booking activity during the quarter, resulting in 2024 group pace up 10%. We believe our increasing asset-light earnings mix and free cash flow define a clear path for continued success and enhanced shareholder value into the future."
LINK DIRECTLY TO SOURCE Hyatt Reports Second Quarter 2023 Results
The Team
at LEADING HOTELIERS NETWORK / JOB LEAD SERVICE
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