02.08.2016 - Revenue of Hyatt Hotels Corp. increased by 4.8%
Hyatt Hotels Corp. published report for the second quarter of this year. Revenue has risen against growth of demand, as well as on number price increase. The company's profit was 67 million dollars versus 40 million dollars a year earlier. Revenue increased by 4.8% to 1.17 billion dollars. Despite this, the company has lowered the forecast of sales growth for the year to 2-3% against 3-5% previously. We expect moderate growth of shares by 10-12% per annum in the medium term.