Hyatt Hotels Posts Q2 Profit Beat on RevPAR Gain

KEY TAKEAWAYSHyatt Hotels reported higher-than-expected second-quarter profit as revenue per available room (RevPAR) gained.Comparable system-wide hotels RevPAR increased 4.7% year-over-year, higher than expectations of a 4.0% gain from analysts polled by Visible Alpha.Earnings per share (EPS) of $3.46 easily surpassed analysts' estimates, but revenue of $1.7 billion missed and the company lowered the top end of its full-year RevPAR outlook. Hyatt Hotels (H) reported higher-than-expected second-quarter prof ...