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Sydnee Gatewood
Sydnee Gatewood
Articles (3624) 

Ron Baron Comments on Hyatt Hotels

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January 28, 2021 | About:
Global hotelier Hyatt Hotels Corp. (NYSE:H) contributed to results on investor expectations that travel will increase as several newly developed COVID-19 vaccines work to help bring an end to the pandemic. While it may take time for Hyatt's business and group customers to return, a strong leisure business is aiding recovery in revenue per available room. Hyatt has also successfully lowered its breakeven occupancy levels by reducing fixed costs and has cut its capital budget to preserve cash. Hyatt's strong balance sheet is allowing it to weather the pandemic-generated disruption.

From Ron Baron (Trades, Portfolio)'s Baron Partners Fund fourth-quarter 2020 shareholder letter.


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