Hyatt Stock Rises on Better-Than-Expected Q1 Results
1. Hyatt reported Q1 earnings of $0.46, exceeding expectations. 2. Revenue per available room (RevPAR) of $134.55 was slightly below projections. 3. Hyatt lowered full-year RevPAR growth forecast to 1%-3%. 4. Goldman Sachs downgraded Hyatt to 'sell' and reduced RevPAR growth outlook. 5. Hyatt shares rose nearly 4% despite a 30% decline this year.