Slow-to-recover convention business dampens Hyatt's Q4

Discussion in 'Hyatt | Gold Passport' started by uggboy, Feb 15, 2013.  |  Print Topic

  1. uggboy
    Original Member

    uggboy Gold Member

    Messages:
    50,181
    Likes Received:
    133,438
    Status Points:
    20,020
    || Slow-to-recover convention business dampens Hyatt's Q4 ||

    Interesting numbers indeed.
     
    Kalboz and flyingdawg like this.
  2. uggboy
    Original Member

    uggboy Gold Member

    Messages:
    50,181
    Likes Received:
    133,438
    Status Points:
    20,020
    Kalboz and sobore like this.
  3. sobore
    Original Member

    sobore Gold Member

    Messages:
    12,421
    Likes Received:
    33,847
    Status Points:
    16,520
    The Americas are quite strong, but what a huge constrast with Europe / Africa.
    Wonder if this is a regional management issue or the region as a whole?
     
    uggboy and flyingdawg like this.
  4. HaveMilesWillTravel
    Original Member

    HaveMilesWillTravel Gold Member

    Messages:
    12,504
    Likes Received:
    20,199
    Status Points:
    16,520
    So the conventional wisdom that they don't do / need lucrative promos because of booming business without it is... not correct at least outside the US?
     
    uggboy likes this.
  5. chitownflyer
    Original Member

    chitownflyer Silver Member

    Messages:
    982
    Likes Received:
    1,013
    Status Points:
    870
    If earnings are down 69 percent, then there surely needs to be something done to drum up business. Promotions and competitive rates would do Hyatt a lot of good in increasing their business. The conventional wisdom is FFN are gone. It would be a very strong incentive for people to stay at Hyatts, if it is brought back. Then combine this with attractive and even better nightly rates than the competition, and there is a formula for business success.
     
  6. ballardFlyer

    ballardFlyer Gold Member

    Messages:
    1,297
    Likes Received:
    1,528
    Status Points:
    1,120
    Their hotels are filled more in 2012 than 2011 (despite convention weakness) so something has to give to drive earnings. Low cost promos maybe, but not FFN.

    Seems like they are more likely to raise regular rates and trims costs than anything else based on actions of last year with no good promos.

    Would love FFN, but they would probably be doing it if it was generating profits. They aren't so it doesn't likely.
     
    Kalboz and uggboy like this.
  7. Kalboz
    Original Member

    Kalboz Gold Member

    Messages:
    9,006
    Likes Received:
    22,440
    Status Points:
    15,020
    uggboy and Sweet Willie like this.

Share This Page