Hyatt Hotels Corporation (H) has reported 148 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $62 million, or $0.47 a share in the quarter, compared with $25 million, or $0.18 a share for the same period last year.     

Revenue during the quarter grew 3.32 percent to $1,088 million from $1,053 million in the previous year period. Gross margin for the quarter contracted 36 basis points over the previous year period to 62.32 percent. Operating margin for the quarter stood at negative 31.34 percent as compared to a negative 28.96 percent for the previous year period.

However, the adjusted EBITDA for the quarter stood at $192 million compared with $171 million in the prior year period. At the same time, adjusted EBITDA margin improved 141 basis points in the quarter to 17.65 percent from 16.24 percent in the last year period.

Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, "We reported another quarter of solid growth, propelled by the strength of our brands. Adjusted EBITDA grew about 12% in the quarter, excluding the impact of transactions and foreign currency translation. Once again, we saw relative strength in the Americas region, driven primarily by group business. Our outlook for the overall business for the remainder of 2016 is positive, and we reconfirm our expectations for comparable systemwide RevPAR growth in a range of approximately 2% to 3% for the year."