Posts Tagged ‘hotel profit’

Hyatt Turns a Profit in 2ndQ 2010

Thursday, August 12th, 2010

The Hyatt Hotels Corp. hotel chain recently reported that the organization turned a profit in the 2nd quarter of 2010, adding its name to the list of hotels proving that the economy may just be turning around.

The hotel earned about $25 million during the 2nd quarter. Shareholders should see earnings of about $.14 per share. During the same time last year, the hotel had experienced a loss of $50 million.

The hotel industry seems to be on an upswing. Can the changes last?