Hyatt Hotels’s share rose 1% in pre-conference trading, after announcing results that exceeded estimates, thanks to record demand.
Net loss shrank to $ 73 million, or 67 cents a share, from $ 304 million, or $ 2.99 a share, a year ago.
Excluding extraordinary items, adjusted losses per share stood at 33 cents, compared to estimates for 38 cents.
Total revenue nearly tripled to $ 1.28 billion from $ 438 million, higher than the $ 1.11 billion estimate.
The CEO stressed that the pace of recovery will expand and strengthen in the coming months, as evidenced by the strong pace of actual and future bookings for business and group travel.
Source: Capital
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