H - Why Are Hyatt Hotels Shares Falling Today? | Benzinga
Hyatt Hotels Corp (NYSE: H) shares are trading lower by around 4% after it reported Q3 FY23 results.
Sales stood at $1.62 billion, missing the analyst consensus of $1.64 billion. Comparable system-wide RevPAR increased 8.9% Y/Y.
Net Rooms Growth was 6.2% Y/Y. Comparable owned and leased hotels RevPAR increased 8.9% Y/Y.
Adjusted EBITDA declined to $247 million from $252 million last year. Adjusted EPS of $0.70 beat the analyst consensus of $0.60.
Hyatt repurchased 1.25 million shares for $144 million in Q3. At the end of Q3, ...