Hyatt Hotels Posts. Adj. Loss In Q2 - Quick Facts

(RTTNews) - Hyatt Hotels Corp. (H) reported a second quarter adjusted net loss per share of $1.80, compared to adjusted net income per share of $0.76, previous year. On average, 16 analysts polled by Thomson Reuters expected the company to report a loss per share of $1.34, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA was negative at $117 million, down 154.6% from prior year.

Second quarter total revenues were $250 million compared to $1.29 billion, previous year. Comparable system-wide RevPAR decreased 89.4%. Analysts expected revenue of $316.39 million for the quarter.

The company reported that, for the month of July 2020, preliminary estimates indicate RevPAR decreased approximately 76% for all comparable system-wide hotels compared to July of 2019 reflecting the ongoing impact of the pandemic.