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HYATT HOTELS CORP. reported strong early 2024 performance, with RevPAR and revenue growth, fueled by pipeline expansion driving its core hotel business and global franchise network. Systemwide RevPAR surged by 5.5 percent compared to 2023, while all-inclusive resorts net package RevPAR soared by 11 percent. Meanwhile, U.S. RevPAR increased by approximately 2 percent, excluding the Easter impact, indicating normalized growth. Net rooms grew by about 5.5 percent, with net income at $522 million and adjusted net income at $75 million, Hyatt said in a statement. Adjusted EBITDA stood at $252 million, dropping by 9 percent compared to Q1 2023, mainly due to the Super Bowl in Phoenix, increased real estate taxes, higher wages, and transaction costs from ongoing asset sales.

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OYO, A HOSPITALITY technology company, is providing accommodation for approximately 150 differently-abled artisans and entrepreneurs participating in the ongoing Divya Kala Mela across India. The company identified more than 200 hotels in different cities, including Varanasi, Hyderabad, Bangalore, Chennai, Patna, Surat, Nagpur, Ahmedabad, and Shimla. The selection of hotels is based on specific parameters, such as ramp and lift facilities mandated by the authorities, Oyo said in a statement. OYO recently collaborated with Khelo India Para Games 2023 in Delhi, offering accommodation to over 1500 participants in 45 hotels across the city, the statement added. Additionally, as part of its broader role as an event management agency, OYO handled catering and coordination for the games. Dedicated teams were deployed in various shifts to provide round-the-clock assistance to all participants.