Hyatt Hotels Corporation (H) unveiled its growth strategy for 2024 and beyond, citing a remarkable year in 2023 with record deal signings. The company's commitment to becoming the preferred brand for guests, customers and owners resulted in a substantial pipeline of 127,000 rooms worldwide as of the end of 2023.This record-breaking pipeline, representing nearly 40% of its existing portfolio, is expected to drive future earnings in an asset-light manner.The company strategically expanded its portfolio, prior ...

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) highlighted today its expected growth trajectory for 2024 and beyond, underscored by a record year of deal signings in 2023. Hyatt’s commitment to be the preferred brand for guests, customers and owners has resulted in a record pipeline of 127,000 rooms worldwide as of year-end 2023, which is expected to fuel asset-light earnings into the future. This record pipeline represents nearly 40% of existing rooms in the Hyatt portfolio. "We have been ...

CHICAGO--(BUSINESS WIRE)--Hyatt is unveiling “Be More Here,” a new brand platform that invites guests, members and customers to lean into the transformative powers of travel and be more present. In a fast-paced world of what’s next and how to get there, World of Hyatt’s people, places, spaces and experiences encourage guests to truly be in the moment. Setting Hyatt apart as a leader in care and wellbeing, the brand platform launch coincides with new World of Hyatt loyalty program updates enabling members to ...

Investors with an interest in Hotels and Motels stocks have likely encountered both Hilton Grand Vacations (HGV) and Hyatt Hotels (H) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, whi ...

The Hotels and Motels industry exhibited consistent performance, driven by significant growth in group room nights. Amanda Hite, president of STR, highlighted the U.S. hotel industry's robust performance in 2023, with a 5% increase in Revenue per Available Room (RevPAR) compared with the previous year’s levels. Occupancy rates steadily approached 2019 levels. Average Daily Rate (ADR) and RevPAR levels were consistently above the industry benchmark in nominal terms. The metrics demonstrate progress even when ...

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) announced today that it will release fourth quarter and full year 2023 financial results on Thursday, February 15, 2024, before the stock market opens, followed by a conference call at 9:00 a.m. CT. Participants are encouraged to listen to a simultaneous webcast of the conference call, accessible through the Company’s website at investors.hyatt.com. An archive of the webcast will be available on the Company’s website fo ...

Financial Data and Key Metrics Changes - Hyatt reported net income of $68 million and diluted earnings per share of $0.63 for Q3 2023, with adjusted EBITDA at $247 million [23] - Total management franchise license and other fees reached a historic milestone of $250 million, reflecting nearly 70% growth from Q3 2019 [24] - Adjusted EBITDA for the owned and leased segments increased approximately 6% from Q3 2022 and 42% from Q3 2019 [27] Business Line Data and Key Metrics Changes - RevPAR increased by 8.9% in Q3 2023, with occupancy growing by 420 basis points and average daily rates up by 2.6% [8] - Leisure transient revenue increased by 4% year-over-year, while business transient revenue rose by 19%, recovering to approximately 90% of Q3 2019 levels [9] - Group room revenue increased by 10% compared to 2022 and was up 5% compared to 2019, with group production for America's full-service managed properties booking approximately $450 million, a 17% increase [9] Market Data and Key Metrics Changes - Greater China led the recovery with RevPAR up 56% year-over-year and 20% compared to 2019 [26] - The Asia-Pacific region contributed $42 million in fees, up 40% year-over-year [26] - The Americas region saw solid fee growth of 7%, with RevPAR in the U.S. increasing by 3% [26] Company Strategy and Development Direction - The company aims to maintain industry-leading growth driven by an 8% increase in its pipeline, reaching a record of 123,000 rooms [11] - The introduction of Homes & Hideaways by World of Hyatt is part of the strategy to enhance member experience and drive growth [11] - The company is focused on expanding its asset-light earnings mix, which reached approximately 80% for the quarter [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook, citing strong demand for travel, particularly among leisure and group customers [20] - The recovery in Greater China is expected to be a continued tailwind for management fees and net room growth [20] - Management acknowledged challenges in the short term due to increased costs but remains optimistic about future growth prospects [31] Other Important Information - The company achieved a net rooms growth of 6.2% and expanded its select service footprint in both the Americas and Asia-Pacific regions [12] - As of September 30, 2023, Hyatt reported total liquidity of approximately $2.2 billion, including $727 million in cash [30] - The company reaffirmed its full-year 2023 system-wide RevPAR growth expectations to a range of 15% to 16% compared to 2022 [31] Q&A Session Summary Question: Thoughts on hotel developments in China amid economic slowdown - Management noted strong demand in China with a steady recovery in international travel, optimistic about maintaining net room and pipeline growth despite challenges in the private sector [36][39] Question: Insights on UVC and its outlook - Management indicated that the tempering seen in UVC is temporary, with confidence in recovery based on upcoming festive periods and first-quarter demand [40][41] Question: Clarification on ALG's performance and future expectations - Management views the current performance of ALG as a strong baseline for growth, with expectations for continued demand and increased airline schedules into Cancun [49][52] Question: Updates on property disposals and capital return guidance - Management confirmed progress on property transactions but refrained from disclosing specific details until closures are finalized, maintaining a focus on returning capital to shareholders [63][65] Question: Perspectives on high-end leisure travel trends - Management expressed confidence in the continued strength of leisure demand, noting a significant increase in departures to Europe and a balanced recovery across domestic and international destinations [70][72]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 20-1480589 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 150 North Riverside Plaza 8th Floor, Chicago, Ill ...

Hyatt Hotels Corporation (NYSE:H) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Joan Bottarini - Chief Financial Officer Adam Rohman - Investor Relations & Global Financial Planning & Analysis Mark Hoplamazian - President & Chief Executive Officer Conference Call Participants Joseph Greff - JPMorgan Patrick Scholes - Truist Securities Duane Pfennigwerth - Evercore ISI Chad Beynon - Macquarie Stephen Grambling - Morgan Stanley Shaun Kelley - Bank of America Operator Good mor ...

For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-34521 HYATT HOTELS CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction o ...