CHICAGO — Hyatt Hotels Corporation reports system-wide RevPAR growth of 1.6 per cent in the third quarter of 2015, year-over-year.
According to its third-quarter report, revenue dropped 9.9 per cent in the quarter compared to the same period in 2014, while comparable owned and leased hotel revenue increased 1.8 per cent in the third quarter of 2015 year-over-year.
Comparable owned and leased hotel RevPAR increased 2.5 per cent (5.9 per cent excluding the effect of currency) in the third quarter of 2015 compared to the third quarter of 2014. “Our RevPAR growth was strong due to greater transient business and increased market share. These positive results drove solid fee growth across our system,” said Mark Hoplamazian, president and CEO of Hyatt Hotels Corporation.
Nine hotels were opened during the third quarter and 37 properties have been added year-to-date, a 28-per-cent increase over the same period last year. “We remain focused on opening new hotels across multiple geographies to expand our differentiated offering in new and attractive markets,” he added.