Hyatt’s net income decreased 84.6% to $63 million in the first quarter of 2019 vis-à-vis 2018

Hyatt Hotels Corporation has recently reported first-quarter 2019 financial results. The brand’s net income decreased 84.6% to $63 million in the first quarter of 2019 vis-à-vis 2018. Comparable system-wide RevPAR increased 1.8%, including an increase of 2.7% at comparable owned and leased hotels. Excluding the benefit from the timing of the Easter holiday, comparable RevPAR at system-wide hotels and comparable owned and leased hotels would have increased 1.4% and 2.2%, respectively. Comparable U.S. hotel RevPAR decreased 0.3%; full service hotel RevPAR increased 0.1% and select service hotel RevPAR decreased 1.3%. Net rooms growth was 13.7%, or 7.3% excluding the acquisition of Two Roads Hospitality LLC in the fourth quarter of 2018.