Hyatt Hotels Q3 revenue more than doubles

Switch stock jumps on possible reorganization as a REIT

Hyatt Hotels Corp. said its revenue more than doubled for the third quarter, though lower than Wall Street estimates, as it bounced back to profitability while leisure demand led recovery. The hotel company
posted quarterly revenue of $851 million, up from $399 million in the same period last year. Analysts polled by FactSet were expecting $863.5 million.

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