Hyatt Quarterly Earnings Double
From Bloomberg:
North American RevPAR Climbs 8.1%
Hyatt Hotels Corp. (H), the chain controlled by the Pritzker family, said first-quarter profit doubled as increasing consumer confidence led to rising room demand from travelers. Net income climbed to $10 million, or 6 cents a share, from $5 million, or 3 cents, a year earlier, the Chicago-based company said today in a statement. The hotelier was expected to earn 5 cents, the average estimate of nine analysts in a Bloomberg survey. Click here for the full story.
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