Hyatt Hotels Corporation shares fall 1.89% intraday as Hotel101 enters Cambodian market.

Hyatt Hotels Corporation declined 1.89% in intraday trading, with the company's stock price dropping despite recent news of Hotel101 Global entering into definitive binding agreements for two new hotel projects in Cambodia. The projects, Hotel101-Phnom Penh and Hotel101-Sihanoukville, are expected to generate $109.55 million USD in sales revenue, indicating a potential expansion into a new market.