In the second quarter of 2021, Hyatt Hotels Corp. reported improved comparable systemwide revenue per available room.
“While we anticipated to see marked improvement, our adjusted [earnings before interest, taxes, depreciation and amortization] for the quarter significantly exceeded our expectations,” said Mark S. Hoplamazian, president and CEO of Hyatt Hotels Corp. in a call with investors.
“The swift pace of our recovery so far demonstrates the operating leverage within our business as we translate an improving RevPAR environment into revenue growth and margin expansion.”
Comparable systemwide RevPAR increased nearly 30 percent from April to June 2021, reaching the highest level since February 2020.
Results in the second quarter were driven by strong leisure transient demand, particularly in the United States and Greater China, where leisure transient revenue was fully recovered to 2019 levels. Group and business transient demand also gained momentum through the quarter.
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