Hyatt Hotels Corporation shares fall 1.91% intraday as Hotel101 enters Cambodian market.

Hyatt Hotels Corporation declined 1.91% in intraday trading. The company's stock price movement may be influenced by the recent news that Hotel101 Global has entered into definitive binding agreements for two new hotel projects in Cambodia. These projects, Hotel101-Phnom Penh and Hotel101-Sihanoukville, are expected to generate $109.55 million USD in sales revenue. However, the stock's decline suggests that investors may be reacting negatively to the news or other market factors.