Hyatt Makes Nice With Expedia But Still Talks Up Direct Booking

This week's anticipated showdown between Hyatt and Expedia never really happened since both companies agreed "in principle" to continue their distribution relationship, but what wasn't necessarily anticipated was Hyatt's news about its minority stake in alternative accommodations platform Oasis. Hyatt CEO Mark Hoplamazian broke the news during the company's second quarter 2017 earnings call, along with detailing its solid financial performance. Earnings for the quarter were $87 million, an increase of 30.5 percent from the same period last year, and net income was 68 cents per share, beating Wall Street estimates. Global revenue per available room (RevPAR) was up 2.9 percent, including a 1.2 percent decrease at comparable owned and leased hotels, while comparable U.S. RevPAR rose 1.4 percent. Below are six newsy takeaways from the call. No Hate For Expedia After news that the crisis between Hyatt and Expedia was successfully averted, Hoplamazian was careful to emphasize Hyat