07:53 AM EDT, 05/09/2024 (MT Newswires) -- Hyatt Hotels ( H ) reported Q1 adjusted earnings Thursday of $0.71 per diluted share, up from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.95.

Total revenue for the quarter ended March 31 was $1.71 billion, up from $1.68 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.71 billion.

For 2024, the hotel operator said it expects system-wide revenue per available room growth of 3% to 5%.

The company's board also declared an unchanged quarterly cash dividend of $0.15 per share, payable June 11 to shareholders of record May 29.

Shares of Hyatt Hotels ( H ) were down nearly 3% in recent Thursday premarket activity.

Price: 143.51, Change: -4.31, Percent Change: -2.92