Hyatt exceeded the 300 m a of profits last year

The American Hyatt Hotels chain recorded a net profit of 344 million dollars (302 million euros) in 2014, representing a 66.2% more, a result that contributed the balance of the last quarter.

In the last quarter of the year the chain multiplied by 4.7 times its earnings, to 182 million dollars (159,6 million euros) compared to 32 million dollars (29 million euros) in 2013, said the hotel group.

The turnover of Hyatt, present in more than 50 countries and headquartered in Chicago, amounted to the 4.415 billion dollars (3.874,4 million euros), one 5.5% increase in 2013, while total expenditures were 4.136 billion dollars (3.693 million euros), up 4.7%.

In terms of the operating (Ebitda) pre-tax profit was 728 million dollars (639 million euros), up front the 680 million dollars (597 million euros) from the previous year, a 7% increase with respect to 2013.

A 31 December 2014, the hotel company executed the contracts of 250 hotels ( 35%) which represents about 55,000 rooms ( 5%), with the opening of 43 new properties ( 7%).

3.4% RevPar growth

Hyatt was able to increase its revenue per available room (RevPar) by 3.4% in 2014, while the price per night (ADR) was 219,8 dollars (193 euros), 2.2% higher than the previous year data. The level of occupation was 76.2%, 1.4 percentage points.

In the case of the last quarter of the year, the ADR increased 0.7%, to $222,9 (195,6 euros), being the RevPar 1.87 higher and the level of occupation 0.9 percentage points, to reach 73.5%.

Stands out above all the growth of 8.3% in the AOR of the quality hotels in the Americas, which also increase their RevPar 8.3%, while, on the other hand, drops the price daily average per night 1.2% in Southwest Asia.

Challenges in 2015

The company expects other 50 new hotels joined the firm this year and launch Hyatt Centric to “reinforce the brand and improve global Hyatt portfolio,” said Chairman and Chief Executive Officer of the company, Mark S. Hoplamaziam.

Hoplamaziam also emphasized the payment of 55 million dollars (48.3 million euros) of its debt, and the sale of 52 hotels for a total of 1.6 billion dollars (1.404 million euros), including the sale in January of the Hyatt Regency Indianapolis by 71 million dollars (62.3 million euros).

Hyatt foresees that this year the demand continue to grow an average of 7% above all to increase the supply in the United States, thus guaranteeing “a sustainable and strong growth”.

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Posted by on Feb 21 2015. Filed under General. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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