Hyatt's business travel 86% recovered from the pandemic
Hyatt Hotels posted its fifth consecutive quarter of record results in Q2, with every business segment flying high
Even leisure travel continued to grow (up 7% from a year earlier), which CEO Mark Hoplamazian called "particularly impressive considering the pent-up demand that drove very strong results in the second and third quarter of 2022 due to omicron's impact."
Key takeaways
- Q2 leisure revenue was up 26% from 2019;
- May and June were particularly good with revenue at 90% of 2019 due to strengthened demand from large corporations;
- Group revenue was also a standout in Q2, up 14% from a year earlier and fully recovered from the pandemic.
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