Hyatt returns to profit in Q4
Hyatt Hotels Corporation has reported financial results for the fourth quarter 2010, with net income hitting US$6 million compared to net loss of US$12 million in the same quarter the previous year. The company’s revenue per available room (revPAR) increased 4.1% year-on-year, led by the company’s international (outside North America) properties, which saw an 11.7% rise in revPAR.
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