Hyatt Reports Fourth Quarter 2016 Results
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Hyatt Hotels (H) Tops Q4 EPS by 1c
February 16, 2017 7:32 AM ESTHyatt Hotels (NYSE: H) reported Q4 EPS of $0.29, $0.01 better than the analyst estimate of $0.28.
Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, "Our business continues to have good momentum and we believe we\'re well-positioned for continued growth in 2017. In 2016, Adjusted EBITDA grew approximately 5%, fueled by systemwide comparable RevPAR growth of 2.5%. Excluding the impact of foreign exchange, Adjusted EBITDA grew approximately 6%. For 2017, we expect systemwide comparable RevPAR growth of approximately 0% to 2% and Adjusted EBITDA growth of approximately 3% to 7%, in constant currency and before the impact of transactions."
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