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Hyatt Revenue Up On Business Travel Increase

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Hyatt Hotels reported a 10 percent rise in quarterly revenue as growth in business travel in North America boosted both occupancy and room rates.

Net income attributable to Hyatt rose to USD$56 million in the first quarter, from USD$8 million a year earlier.

Hyatt, which owns and operates hotels under brands such as Park Hyatt, Grand Hyatt and Hyatt Regency, reported a revenue rise to USD$1.07 billion from USD$975 million.

(Reuters)