During an earnings call about its Q4 performance, Hyatt Hotels saw volumes continuing to improve “quarter by quarter” but remain nearly 20 per cent off pre-pandemic levels.
But pricing has been “strong”, with Leisure and Group rates up 19 and 15 per cent respectively compared to the same quarter pre-pandemic in 2019, reports Business Travel News Europe.
Overall group revenue in Q4 2022 was over 1 per cent higher than in the same quarter in 2019, but business travel remained slumped: 18 per cent lower than pre-pandemic levels.
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