Pity Hyatt. Just as the pandemic’s dark clouds are lifting, market turmoil overshadows its optimism. Yet that isn’t dimming Hyatt executives’ outlook.
Hyatt Hotels Corp said on Tuesday that its average daily rates in April hit a best-ever record for the company. Travelers showed a willingness to pay for travel as they returned to the road with the pandemic easing in many countries.
Yet Hyatt’s optimism during an earnings call was overshadowed by broader financial market turmoil. Many investors appeared confused by rising U.S. interest rates, slowing Chinese growth, the uncertain impact of the Ukraine war