Hyatt Posts Strong Q2 RevPAR Growth as Sky Harbour Upgraded to Strong‑Buy
Hyatt Hotels Corp. reported a 5.9% increase in comparable systemwide RevPAR for the second quarter ended June 30, driven by its luxury and upper‑upscale brands. The company added about 154,000 rooms to its pipeline, a 10% rise, and posted net income of $110 million. CEO Mark Hoplamazian highlighted the resilience of Hyatt’s fee business and reaffirmed the full‑year outlook for RevPAR growth of 3.5%‑4.5% and net rooms growth of roughly 6%.
Separately, Sky Harbour Group (NYSE: SKYH) received a “Strong‑Buy” rating from Roth Capital analysts. The upgrade follows recent analyst coverage that lifted the consensus rating to “Buy” with an average target price of $13.50. The company reported a quarterly loss of $0.16 per share, missing estimates, on revenue of $8.72 million. Insider activity included a purchase of 5,000 shares by director Andrew J. Gessow.
Entities: Andrew J. Gessow · Hyatt Hotels Corp. · Mark Hoplamazian · Roth Capital · Sky Harbour Group