Hyatt Reports First Quarter 2018 Results
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Hyatt Hotels (H) Tops Q1 EPS by 2c
May 2, 2018 4:50 PM EDTHyatt Hotels (NYSE: H) reported Q1 EPS of $0.33, $0.02 better than the analyst estimate of $0.31.
First quarter of 2018 financial highlights as compared to the first quarter of 2017 are as follows:
Net income increased 643.6% to $411 million, aided by gains on sales of real estate.Adjusted EBITDA decreased 7.3% to $202 million, down 8.4% in constant currency.Comparable systemwide RevPAR increased 4.3%, including an increase of 1.6% at comparable owned and leased hotels. Excluding the impact of Easter holiday timing, comparable systemwide RevPAR increased 4.6% and comparable owned and leased RevPAR increased 2.0%.Comparable U.S. hotel RevPAR increased 2.7%; full... More