NEW YORK — Shares of Hyatt Hotels rose more than 2% on Friday, extending a two-day rally as investors bet on resilient demand for luxury travel ahead of the company's third-quarter earnings report later this month.

Hyatt shares were up $4.04, or 2.39%, at $172.95 as of 12:15 p.m. Eastern time on the New York Stock Exchange.

The gain follows a 5.36% jump on Thursday, when the stock closed at $168.91, up from $160.32. Over the two sessions, the shares have risen about 8%.

Hyatt did not release any major company news on Friday.

Recent analyst actions have been largely positive. Freedom Broker initiated coverage this week with a Buy rating and a........

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