Will Hyatt Finally Report a Profitable Pandemic Quarter This Week?
Skift Take
Most hotel companies have posted a profit at least once during the pandemic, and Hyatt needs to do the same this week to avoid shareholder and analyst scrutiny.
Early Check-In
Editor’s Note: Skift Senior Hospitality Editor Sean O’Neill brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry.Hotel earnings season largely concludes this week with Marriott, Choice Hotels, and Hyatt all reporting.
Marriott and Choice will almost certainly rely on different profit narratives while the pressure is on for Hyatt to finally show a profitable quarter during the pandemic.
Marriott, which has outperformed competitors like Hyatt and Hilton during the pandemic, just needs to show the company is moving beyond leisure travel and showing signs of life in other sectors like business and group. Hilton, which reported its best quarter of the pandemic last week, rallied in recent months thanks to accelerating business travel demand from small and medium-sized businesses.
Choice Hotels is expected to post a strong quarter in light of its greater reliance on leisure travel and essential workers to fill up its hotels. The company’s most direct competitor, Wyndham, reported a $103 million profit last week, and there is general analyst expectat
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