Room Growth Undergirds Hyatt's Second-Quarter Performance
Global hospitality giant Hyatt (NYSE: H) boosted revenue in the second quarter by double digits through a mix of core and acquired growth in total portfolio rooms. Results released Wednesday capped a solid first half of 2019, in which the hotelier's top line expanded over the comparable 2018 period by nearly 13%. However, management also noted isolated construction issues that will impact results in the back half of the year, dampening full-year adjusted earnings guidance. As we review headline numbers and critical details from the last three months below, note that all comparable numbers refer to those of the prior-year quarter.
Data source: Hyatt.
Image source: Getty Images.
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