Hyatt Hotels Corp. reported a net loss in fourth quarter 2009 of $12 million compared with a net loss of $142 million the year before

. During the quarter, systemwide average daily rate dropped 7.7 percent to $162.19 and occupancy increased 0.6 percentage points to 65.1 percent. Full-year 2009 net loss was $43 million versus $168 million in 2008. Year-over-year 2009 ADR was $160, a decline of 13.6 percent; occupancy slumped 4.1 percentage points to 64.5 percent. "Transient occupancy was up, representing the third consecutive quarter of year-over-year transient occupancy gain," said Hyatt CFO Harmit Singh. "But transient rates experienced declines in the low double-digit percentage range in the fourth quarter of 2009. As we look at the group business, it is difficult to predict outcomes for 2010 ... there is uncertainty about the months ahead."