Hyatt Hotels Corp. reported a June quarter net profit of $25 million compared with $50 million the year before

. The company "absolutely" expects to see percentage increases for corporate rates next year, ranging "from low single-digits to low double-digits," but "it will vary a lot based on the individual account," according to CEO Mark Hoplamazian. Globally, revenue from transient customers increased during the second quarter versus last year as systemwide average daily rate increased 0.8 percent to $160 and occupancy rose 6.9 percentage points to 71.5 percent. In North America, group revenue increased 10 percent and group room nights grew 13 percent. At full-service North American properties, transient room nights sold climbed 4 percent, group bookings in the quarter for the quarter jumped 35 percent and group rates increased 5 percent.