Fitch revises Hyatt outlook to stable

Fitch Ratings said it revised its outlook on Hyatt Hotels Corp. to stable from negative and affirmed its BBB- issuer default and senior unsecured debt ratings.

“Fitch views positively Hyatt's transition to greater recurring fee-based revenues as the company captures increasingly attractive operating margins with minimal capital expenditures. Asset-light earnings mix is expected by management to reach 80% by the end of 2024, representing a significant shift from 37% in 2009 when the company first went public,” the agency said in a press release.

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