Procurement
Rates at Hyatt Hotel Corp. properties increased by 4.7 percent year over year during the third quarter of 2011.
In North America,
full-service Hyatt properties increased rates by 3.3 percent, and
select-service rates increased by 3.4 percent. Outside of North America, rates
increased 8.9 percent. Overall occupancy for Hyatt increased by 2.3 percentage
points to 71 percent. North American occupancy increased to about 70 percent
for both full-service and select-service properties, and occupancy outside of
North America was 64.6 percent, up less than a percentage point from the year
prior. Hyatt's net income for the quarter was $14 million, down from $30 million
in the third quarter of 2010.