Recovery in Luxury Boosts Hyatt’s Q4 Profits
From Bloomberg:
North America RevPAR Grew by 3.9%
Hyatt Hotels Corp., the chain controlled by the Pritzker family, reported a fourth-quarter profit as demand for high-end lodgings recovered. Net income was $6 million, or 3 cents a share, compared with a loss of $12 million, or 7 cents, a year earlier, the Chicago-based company said in a statement today. Analysts projected a profit of 6 cents a share, the average of 15 estimates in a Bloomberg survey. Click here for the full story.
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