Skift Take
Hyatt has optimized its revenue and occupancy levels as well as excelled on social media over the past year leading to the profitable Q3 jump.
Hyatt Hotels Corp‘s quarterly profit more than doubled, driven by higher occupancy and a rise in room rates across most of its properties.
Net income rose to $55 million, or 35 cents per share, in the third quarter ended Sept. 30 from $23 million, or 18 cents per share, a year earlier.
Revenue rose about 4 percent to $1.02 billion.
Total RevPAR, or revenue per available room, rose 6 percent in the quarter.
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