Hyatt Reports Fourth Quarter and Full Year 2023 Results
Retrieved on:
Friday, February 23, 2024
Americas management and franchising segment: Results in the fourth quarter were driven by improved group and business transient results along with resilient leisure demand.
Key Points:
- Americas management and franchising segment: Results in the fourth quarter were driven by improved group and business transient results along with resilient leisure demand.
- Total fees in the quarter increased 6% compared to the fourth quarter of 2022, with RevPAR in the United States up 3% in the fourth quarter compared to the same period in 2022, driven by strong group rate.
- ASPAC management and franchising segment: Results in the fourth quarter were driven by strength in all customer segments which contributed to RevPAR growth across the sub regions, with Greater China improving 84% compared to the fourth quarter of 2022.
- Apple Leisure Group segment: Results in the fourth quarter benefited from improved results in Cancun.