Hyatt Shares Operating Update, Summer Travel Booking Trends, and Closes on Asset Dispositions
In conjunction with the start of the NYU International Hospitality Industry Investment Conference, Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) is pleased to share an update on operating results for May, summer travel booking trends, and confirmation of the closing of previously announced asset dispositions.
- In conjunction with the start of the NYU International Hospitality Industry Investment Conference, Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) is pleased to share an update on operating results for May, summer travel booking trends, and confirmation of the closing of previously announced asset dispositions.
- In May, business transient revenue was 35% below May of 2019 and group revenue was 12% below May of 2019.
- The strength of Memorial Day weekend and favorable forward booking trends indicate a robust summer travel season ahead.
- The previously announced dispositions include Hyatt Regency Indian Wells Resort & Spa, Grand Hyatt San Antonio River Walk, The Driskill in Austin, Texas and The Confidante Miami Beach.