Lodging
Average daily rates at Hyatt Hotels Corp. properties increased by 3.5 percent
year over year during the second quarter, including a 4.8 percent increase at full-service hotels in North America and a 5.4 percent increase in select-service hotels in North America. Rates at hotels outside of North America remained flat. Occupancy increased by 2.3 percentage points to 74.8 percent worldwide. Net income for the quarter was $39 million, up from $37 million in the second quarter of 2011.