Restrictions help fuel Hyatt’s quarterly loss

Hyatt Hotels Corp. posted worse than expected fourth quarter results, as spiking COVID-19 cases and a new wave of restrictions kept travelers at home.

The company reported an adjusted loss of $1.77 a share, according to a statement Wednesday. Analysts had estimated a loss of $1.38 a share.

Hyatt recorded a net loss of $203 million in the quarter. That compared with a profit of $321 million in the period a year earlier.

The report comes after Hilton Worldwide Holdings Inc. and Choice Hotels International Inc. missed analyst estimates Wednesday.