The average daily rate at Hyatt Hotels Corp. properties during the fourth quarter of 2012 increased by 2.8 percent year over year to $175.90, - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 13, 2013 - 10:45 AM ET

The average daily rate at Hyatt Hotels Corp. properties during the fourth quarter of 2012 increased by 2.8 percent year over year to $175.90, and occupancy was up slightly to 69.1 percent. In the Americas, ADR increased by 4.4 percent at Hyatt's full-service brands and by 5.6 percent at select-service brands, in which occupancy increased 2 percentage points to 71.7 percent. Full-service hotel ADR increased by 3.5 percent in the Asia/Pacific region but decreased by 4 percent in Europe, Africa, the Middle East and in Southwest Asia. Hyatt's net income for the quarter was $16 million, down from $52 million in the fourth quarter of 2011.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
U.S. hotels this year will collect a record $2.25 billion in fees and surcharges,... read more »
PricewaterhouseCoopers projects the average daily U.S. hotel rate in 2015 to increase 5.7 percent year over year in 2015,... read more »
The average daily rate at U.S. hotels in July increased 4.8 percent year over year to $117.81,... read more »
North American corporate hotel bookings from August through July 2015 are up 3.7 percent year over year,... read more »
Luxury boutique hotel group L.E. Hotels added three new regional sales executives,... read more »
The U.S. General Services Administration left unchanged standard lodging and meal per diems for fiscal 2015, which begins Oct. 1.... read more »
Hotel bookings in North America through global distribution systems during the second quarter increased 2.7 percent year over year,... read more »
Hilton Worldwide plans to equip nearly all of its hotels globally with digital check-in and room-selection capabilities by the end of this year,... read more »
Hyatt Hotels Corp. has signed a multi-year agreement to add its global portfolio to the Egencia Preferred Rate program,... read more »
The average daily rate at Wyndham Worldwide Corp. hotels during the second quarter increased 0.5 percent year over year to $69.13,... read more »
Hyatt Hotels Corp. selected Chuck Floyd to become global president of operations, a new position overseeing all three of Hyatt's regional presidents, effective Aug. 1.... read more »