Hyatt Leads AllInclusive Market, Reports Strong Q2 For Luxury Brands

Image for article Hyatt Leads AllInclusive Market, Reports Strong Q2 For Luxury Brands
News Source : Forbes

News Summary

  • The hospitality giant says it has increased its revenue per available room (known in the industry as RevPAR) by 1.6% compared to the same quarter last year.
  • It has also grown its total number of rooms by 11.8% and is projecting net income between $135 and $165 million for the coming year.
  • Shareholders have something else to be happy about as Hyatt plans close to nearly $300 million in dividends and buybacks.summarize in 5 sentences: Hyatt has become a powerhouse in the all‑inclusive segment.
The splitlevel family pool of Dreams Madeira Resort, Spa & Marina in PortugalDreams Madeira Resort, Spa & MarinaOn the heels of announcing its second quarter earnings, Hyatt is riding hi [+15199 chars]

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