Lodging
Second-quarter average daily rates across Hyatt Hotels Corp. properties worldwide increased 4.6 percent year over year, the company reported.
In North America, average rates increased 2.2 percent at full-service
properties and 3.2 percent at select-service properties. Outside of North
America, rates were up 10.2 percent during the quarter. Hyatt reported
full-service occupancy in North America was up 1.8 percentage points to 75.2
percent, while select-service occupancy increased by 4.6 percentage points to
78.3 percent. Occupancy outside of North America changed little year over year,
down 0.1 percentage points to 64.7 percent. Net income for the quarter was $37
million, up from $25 million in the second quarter of 2010.