Hyatt reports business travel surge, eyes growth in 2025
💰 Hyatt's Q4 business travel revenue grew by 10% year-over-year, with full-year growth at 12%. On Feb 18, 2025, CEO Mark Hoplamazian noted demand increases across IT, banking, consulting, and pharma industries. Corporate group demand outpaced association groups. Q4 saw a RevPAR of $140.87 (+5%), ADR of $204.40 (+1.8%), and occupancy of 68.9% (+2.1pp). For the full year, RevPAR was $142.48 (+4.6%). Hyatt projects a 2%-4% RevPAR increase for 2025 and announced a $2.6 billion Playa Hotels & Resorts acquisition.
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