Hyatt Hotels Corporation (NYSE:H) has announced its first quarter results.

Hyatt Hotels Corporation (NYSE:H) Q1 Results Announced

Hyatt Hotels Corporation (NYSE:H) has announced financial results for quarter one of 2011.

According to the company, the quarter one results stated that the adjusted earnings before interest, taxes, depreciation and amortization was USD 109 million compared to USD 112 million in quarter one of 2010, a decrease of 2.7 per cent.

Mark S Hoplamazian, the president and chief executive officer of Hyatt Hotels Corporation (NYSE:H) said, “Transient demand was very strong in Q1 with both occupancy and rate improvements across many markets. We are pleased with the performance of our hotels, particularly the strong continuing increases in RevPAR in our Hyatt Place and Hyatt Summerfield Suites properties”.

Hyatt Hotels Corporation (NYSE:H) company shares are currently standing at 42.58.

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