04.08.2015 - Hyatt Hotels lowered revenues by 4%
Hyatt Hotels Company reported a profit for the second quarter, but fell short of analysts' expectations. Revenue from owned and leased hotels fell by 8.8%. As a result, the company received $ 40 million against 74 million profit for the same period last year. Revenue fell 4% to 1.11 billion. Analysts predicted that the figure will be 1.14 billion. Despite the current decline in revenues, we expect the resumption of growth in the company's shares in the medium term, with an upside potential of 10% per annum in the medium term.