Hyatt Reports First Quarter 2016 Results

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Go back to Hyatt Reports First Quarter 2016 Results

Hyatt Hotels (H) Reports In-Line Q1 EPS

May 3, 2016 7:38 AM EDT

Hyatt Hotels (NYSE: H) reported Q1 EPS of $0.25, in-line with the analyst estimate of $0.25.

Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, "We are pleased with our solid start to the year and encouraged by positive trends in our business. First quarter Adjusted EBITDA grew 9%, excluding the impact of transactions and foreign currency translation, driven by broad-based market share gains, robust performance at our select service hotels and disciplined cost management. Based on current trends, we remain confident in our ability to achieve comparable systemwide RevPAR growth of 3.0% to... More