Hyatt Hotels: Q1 Earnings Snapshot

May 10, 2022 GMT

CHICAGO (AP) _ Hyatt Hotels Corp. (H) on Tuesday reported a loss of $73 million in its first quarter.

On a per-share basis, the Chicago-based company said it had a loss of 67 cents. Losses, adjusted for non-recurring costs, came to 33 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.

The hotel operator posted revenue of $1.28 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.1 billion.


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