1218 ET - Hyatt customers are pulling back the most on the hotel's most affordable segment. The high-end hotel brand lowers its full-year projection for earnings and revenue per available room due to falling consumer demand in the U.S. and its lower cost hotels. "The price point has actually become really important to understanding the total story," Chief Executive Mark Hoplamazian said. About 70% of Hyatt's business is luxury and upper upscale, but its upscale segment -- which is its cheapest -- is where the slowdown has shown up, executives said. There is "some slowdown in booking activity at the lower chain scales, not into some of the five-star locations in Mexico and the Caribbean," Chief Financial Officer Joan Bottarini said. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 12:18 ET (16:18 GMT)
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