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Why Is Hyatt Hotels Stock Sliding Today?

Hyatt Hotels Corporation (NYSE:H) shares are trading lower after the company reported first-quarter adjusted EPS below street view. The company reported first-quarter FY24 sales growth of 2% year-on-year to $1.714 billion, beating the analyst consensus estimate of $1.707 billion. Comparable system-wide RevPAR increased 5.5% to $131.86. System-wide Net Rooms Growth was 5.5%. Comparable owned and leased hotels RevPAR increased 0.1% to $178.04. Adjusted EBITDA fell 5.9% to $252 million from $268 million last year. Adjusted EPS of ...