financial
Hospitality Financial Leadership: If You Know How to Do Something
David Lund | January 2, 2020
Lead others on your team to replicate your system but be the one who sets the stage for how you create a diverse, strong and effective team As a leader, it is no surprise to hear someone say that teaching others is one of your core responsibilities. When it comes to delegation it is important to remember there is a big distinction between giving the work you do to someone who you work with and teaching them. Creating a high functioning team is exciting and challenging; it’s also a never-ending project. Your team needs to be continuously cultivated and developed. Do not leave this up to someone else. This is your masterpiece. Lea...
Hyatt Reports Second-Quarter 2019 Results; Net Income Increased 10.6% to $86 Million
Hyatt Hotels Corporation | August 1, 2019
Strong transient demand drove 1.3% system-wide RevPAR growth, and fees and net rooms grew at a double-digit pace inclusive of the Two Roads Hospitality LLC acquisition. Second quarter of 2019 financial highlights as compared to the second quarter of 2018 are as follows: Net income increased 10.6% to $86 million. Adjusted EBITDA decreased 2.1% to $213 million, a decrease of 1.0% in constant currency. Comparable system-wide RevPAR increased 1.3%, including an increase of 2.3% at comparable owned and leased hotels. Excluding the negative impact from the timing of the Easter holiday, comparable RevPAR at system-wide hotels and compar...
