Quartz·1 min read·medium
Hyatt stock sinks after the hotel company trimmed its rooms growth forecast
✦AI Summary
Hyatt Hotels Corporation saw its stock price decline after lowering its full-year net rooms growth forecast from a range of 6-7% to approximately 6%. The adjustment reflects a more cautious outlook for the company's expansion plans.
The Chicago-based hotel company now expects net rooms growth of about 6% for the full year, down from a prior forecast of 6% to 7%
businesseconomy
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