Hyatt hopes for China, conversions

Hyatt Centric Levent Istanbu

Hyatt Hotels Corporation hailed recovery in China and South Korea, but added that demand was building more slowly elsewhere.

The group said that it expected to see a rising number of conversions compensate for a slowing in rooms growth.

The company said that, by managing costs, increasing productivity and having a lower mix of F&B revenues it had effectively reduced the break-even occupancy level of its full-service hotels by at least five percentage points around the world and in some cas

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