Hyatt Hotels Corporation’s (H) performance is benefiting from the consistent focus on an asset-light model initiative and footprint expansion plans in new and existing markets accompanied by strategic partnerships.Shares of this Zacks Rank #3 (Hold) company gained 14.6% in the past six months, outperforming the Zacks Hotels and Motels industry’s 8.8% growth. The uptrend is most likely attributable to the solid leisure and business travel demand, especially strong outbound travel from Greater China, which re ...

Hyatt Hotels Corporation (H) has set a new benchmark in global expansion by increasing its pipeline approximately 85% since 2017, reaching a record 129,000 rooms. This remarkable feat underscored not only the unwavering trust of hotel owners but also the resounding allure of the Hyatt brand.Hyatt's president and CEO, Mark Hoplamazian, highlighted the company's strategic vision, which positioned it as a leader in the hospitality industry. This vision is evident in Hyatt's consistent efforts to enhance luxury ...

Hyatt Hotels Corporation (H) announced the upcoming debut of its reportable brand, Hyatt Centric, in Puerto Rico, in partnership with Interlink and Vivo Beach Club.The former Verdanza Hotel is currently undergoing a $25 million-dollar worth enhancement, which is inspired by Puerto Rico’s enchanted landscape including the amalgamation of the island’s captivating land and sea elements. The refurbished property will join the Hyatt portfolio under the name Hyatt Centric San Juan Isla Verde and is expected to op ...

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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Develop ...

Financial Data and Key Metrics Changes - System-wide RevPAR increased by 5.5% in Q1 2024, with strong travel demand across all customer segments [5][19] - Gross fees reached a record $262 million, up 13% year-over-year, driven by RevPAR growth and an increase in non-RevPAR fees [20][24] - Total company adjusted EBITDA for the quarter was $252 million, reflecting a 3% increase when excluding transactions and foreign exchange impacts [23][24] Business Line Data and Key Metrics Changes - Leisure transient revenue increased by 7% in Q1 2024, while group room revenue rose approximately 6% [6][7] - Business transient revenue also saw a 6% increase, with April showing a 21% growth globally compared to 2023 [7][19] - Adjusted EBITDA for the management and franchising segment increased by approximately 10%, while the owned and leased segment saw a 9% decrease when adjusted for asset dispositions [21][22] Market Data and Key Metrics Changes - RevPAR growth in Asia-Pacific, excluding Greater China, was 21%, with Greater China seeing a 12% increase [19] - The Americas, excluding the U.S., experienced a 12% increase in RevPAR, driven by strong leisure demand in Mexico and the Caribbean [19] - In Europe, RevPAR increased by 10%, with all-inclusive properties showing a 25% growth in net package RevPAR [20] Company Strategy and Development Direction - The company aims to maintain an asset-light model, targeting over 80% fee-based earnings [16][30] - The development pipeline reached a record of approximately 129,000 rooms, a 10% year-over-year increase [10][11] - The collaboration with Peloton and the expansion of the World of Hyatt loyalty program are part of the strategy to enhance customer engagement and brand differentiation [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued strong demand across all customer segments, particularly in business transient and group bookings [16][66] - The company reaffirmed its full-year RevPAR growth outlook of 3% to 5%, with expectations for international markets to exceed the high end of this range [25][34] - Management noted that inflation and interest rates have not significantly impacted their higher-end customer base [68] Other Important Information - The company returned over $400 million to shareholders in Q1 2024, including share repurchases and dividends [24] - The loyalty program, World of Hyatt, grew by 22% year-over-year, reaching approximately 46 million members [7][9] - The company completed several asset sales, generating combined proceeds of $535 million at a 14.7 times multiple [14][15] Q&A Session Summary Question: Thoughts on asset sales and future appetite - Management indicated that they will continue to look for opportunities to sell high-quality assets but do not plan to set another targeted sell-down program [30][31] Question: RevPAR guidance and changes in China - Management reaffirmed the 3% to 5% RevPAR guidance, noting strong international results and a positive outlook for China, with increased inbound travel [34][35] Question: Clarification on ALG Vacations performance - Management explained that the headwinds faced by ALG Vacations were due to difficult comparisons from the previous year, but demand for their resorts remains strong [39][40] Question: Expectations for distribution segment margins - Management expects distribution margins to be within the range of 16% to 19% for the full year, with a flat outlook for the ALG Vacations business in the last three quarters [44] Question: Capital allocation strategy post-asset sales - Management reiterated their commitment to investing in the business while maintaining an investment-grade profile and returning excess cash to shareholders [47][56] Question: Update on Juniper Hotels stake - Management expressed satisfaction with the IPO of Juniper Hotels and indicated plans to eventually lighten their stake, with a strong outlook for growth in India [62][63]

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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34521 HYATT HOTELS CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction ...

Hyatt Hotels Corporation (H) delivered tepid first-quarter 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimate. Then again, the top and bottom lines increased on a year-over-year basis.Hyatt’s results reflect year-over-year growth in comparable system-wide revenue per available room (RevPAR), driven by an increase in occupancy and average daily rate (ADR). This uptrend is mainly driven by solid demand across all customer segments. Travel demand by leisure guests, especially in Me ...

Hyatt Hotels (H) reported $1.71 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 2%. EPS of $0.71 for the same period compares to $0.41 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of -0.37%. The company delivered an EPS surprise of -2.74%, with the consensus EPS estimate being $0.73.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Hyatt Hotels (H) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.74%. A quarter ago, it was expected that this hotel operator would post earnings of $0.38 per share when it actually produced earnings of $0.64, delivering a surprise of 68.42%.Over the last four quarters, the company ...