Originally published at www.seclive.com
Hyatt Hotels Corporation (NYSE:H) announced in its most recent quarterly results, that the company's earnings improved from $30M to $36M. Total revenues improved from $977M a year ago to $1.03B this quarter, in line with analyst predictions. Revenue per available room (RevPAR) increased 6.0% from the year-ago quarter while U.S. full-service hotel comparable RevPAR improved 7.6%. Eleven hotels were opened during the quarter, resulting in a total portfolio of around 215 hotels comprising 50,000 rooms. When excluding one-time items, shareholder earning improved from $0.18 per share last year to $0.23 this quarter. Hyatt repurchased $29M worth of stock, or 702,502 shares for $41.28 per share, returning value to its shareholders. President and CEO Mark Hoplamazian commented that the company is continuing measured and steady growth, continuing its trend to position itself for long-term success.
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