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

Aug 7, 2023

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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