Hyatt Hotels Corporation saw another successful quarter of growth this year, with a record development pipeline and a stronger business travel and group travel demand than in previous years.
Net income was $471 million, with an Adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization of $275 million, which is 8.9 percent higher than the same quarter last year. Shareholders were given a diluted earnings per share of $4.63.
Comparable system-wide hotels RevPAR, or revenue per available room,…
