Hyatt Hotels (H) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -38.24%. A quarter ago, it was expected that this hotel operator would post earnings of $0.90 per share when it actually produced earnings of $0.94, delivering a surprise of 4.44%.Over the last four quarters, the company ...

Financial Performance - Net income for Q4 2024 was $(56) million, while full year net income was $1,296 million; adjusted net income was $40 million for Q4 and $375 million for the full year[3] - Total revenues for Q4 2024 were $1,602 million, a decrease of 3.5% compared to $1,660 million in Q4 2023[24] - Net income attributable to Hyatt Hotels Corporation for the year ended December 31, 2024, was $1,296 million, compared to $220 million in 2023, representing a significant increase[24] - The company reported a net loss of $56 million for Q4 2024, compared to a net income of $26 million in Q4 2023[24] - The diluted earnings per share for Q4 2024 was $(0.58), down from $0.25 in Q4 2023, while the adjusted diluted earnings per share was $0.42, compared to $0.70 in Q4 2023[43] - The company generated free cash flow of $463 million for the year ended December 31, 2024, down from $602 million in 2023[40] - The total special items impact per diluted share for YTD 2024 was $(8.99), compared to $0.70 for YTD 2023[43] - Net income attributable to Hyatt Hotels Corporation is projected to be between $190 million and $240 million for the year ended December 31, 2025[63] Revenue and Growth Projections - Comparable system-wide hotels RevPAR growth was 5.0% in Q4 2024 and 4.6% for the full year 2024 compared to the same periods in 2023[3] - 2025 full year comparable system-wide hotels RevPAR growth is projected to increase by 2.0% to 4.0% on a constant currency basis compared to 2024[3] - 2025 full year net rooms growth is projected to be between 6.0% and 7.0% compared to the full year of 2024[3] - The pipeline of executed management or franchise contracts was approximately 138,000 rooms, representing a year-over-year expansion of about 9%[6] - The company anticipates growth in System-wide Hotels RevPAR and Net Rooms, with specific figures to be detailed in future reports[1] Acquisitions and Investments - The company announced an agreement to acquire Playa Hotels & Resorts for approximately $2.6 billion, expecting to fund the acquisition entirely with new debt financing[7] - The proposed Playa acquisition is expected to impact the asset-light earnings mix and reduce the owned real estate asset base[1] - The company is focused on achieving anticipated synergies from the proposed acquisition and integrating it with existing operations[1] - The Bahia Principe transaction involves acquiring 50% of Management Hotelero Piñero, S.L., consolidating its results in Hyatt's financial statements[78] Operational Metrics - RevPAR for system-wide hotels in Q4 2024 was $140.87, up 5.0% from $133.80 in Q4 2023[25] - Occupancy rate for system-wide hotels in Q4 2024 was 68.9%, an increase of 2.1 percentage points compared to 66.8% in Q4 2023[25] - The average daily rate (ADR) for system-wide hotels in Q4 2024 was $204.40, reflecting a 1.8% increase from $200.00 in Q4 2023[25] - The company reported interest expenses of $52 million in Q4 2024, compared to $40 million in Q4 2023, indicating a 30% increase[38] - The company recognized $161 million in impairment charges during Q4 2024, primarily related to goodwill and intangible assets, compared to $17 million in Q4 2023[43] Cost Management - General and administrative expenses for Q4 2024 were $136 million, down from $167 million in Q4 2023, a decrease of 18.6%[24] - Adjusted G&A expenses for Q4 2024 were $127 million, unchanged from Q4 2023, while total G&A expenses decreased from $167 million in Q4 2023 to $136 million in Q4 2024[42] - Stock-based compensation expense is estimated at $65 million, while transaction and integration costs are expected to be around $44 million to $49 million[63] Future Outlook - Adjusted EBITDA for 2025 is projected to be between $1,100 million and $1,150 million[3] - Net cash provided by operating activities is anticipated to be between $485 million and $535 million, leading to Free Cash Flow of $335 million to $385 million[64] - Adjusted Free Cash Flow is projected to be between $450 million and $500 million[64] - Interest expense is forecasted to be $205 million, and the provision for income taxes is expected to be between $92 million and $122 million[63] Strategic Initiatives - The World of Hyatt loyalty program and Unlimited Vacation Club are critical components of the Company's growth strategy[20] - The company plans to disclose material information through SEC filings, press releases, and social media channels[19] - The company is navigating global supply chain constraints and rising costs due to inflation, which may affect future performance[1] - The company completed a restructuring of the Unlimited Vacation Club, selling 80% of the entity for $80 million, resulting in deconsolidation of the entity[89] - The remaining 20% ownership interest in the Unlimited Vacation Club is accounted for as an equity method investment in an unconsolidated hospitality venture[89] Market Presence - As of December 31, 2024, the Company's portfolio included over 1,400 hotels and all-inclusive properties across 79 countries[20] - The total number of system-wide hotels reached 1,293, with a total of 291,593 rooms as of December 31, 2024[31] - The United States accounted for 721 properties and 159,829 rooms, representing the largest share of Hyatt's portfolio[31] - Hyatt's total properties in Greater China reached 185, with 45,391 rooms, indicating significant market presence in the region[31] - The total number of all-inclusive resorts was 149, with 55,708 rooms, highlighting Hyatt's expansion in this segment[31]

Hyatt Hotels Corporation (H) has announced an agreement stating the acquisition of Playa Hotels & Resorts N.V. (PLYA) in an all-cash transaction.Per the agreement, an indirect wholly owned subsidiary of Hyatt will acquire all outstanding shares of Playa Hotels for $13.50 per share. The buyout is expected to close in the latter half of 2025 upon satisfying regulatory approvals and other customary closing conditions.Through this strategic transaction, Hyatt will be offering a 40% premium to Playa Hotels’ shar ...

Hyatt Hotels Corporation (H) is scheduled to report fourth-quarter 2024 results on Feb. 13, before the opening bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, adjusted earnings per share (EPS) of 94 cents topped the Zacks Consensus Estimate of 90 cents by 4.4%. The reported figure rose 27% from the year-ago quarter’s 74 cents.The company’s earnings beat estimates in three of the trailing four quarters and missed in one, delivering an average surpri ...

Key TakeawaysHyatt is continuing to bet on the all-inclusive industry as a growth area for travel, buying resort operator Playa Hotels for roughly $2.6 billion.The hotel chain will pay Playa stockholders $13.50 per share, with the deal expected to close later this year.Hyatt called the deal a "next step on a significant growth journey for Hyatt's all-inclusive portfolio." Hyatt Hotels (H) is betting on the all-inclusive resort industry as a new growth area with its $2.6 billion acquisition of Playa Hotels a ...

Analysts on Wall Street project that Hyatt Hotels (H) will announce quarterly earnings of $0.65 per share in its forthcoming report, representing an increase of 1.6% year over year. Revenues are projected to reach $1.63 billion, declining 1.7% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. ...

Group 1 - Hyatt Hotels is acquiring Playa Hotels & Resorts for approximately $2.6 billion, including debt and net of cash, to enhance its presence in Mexico and the Caribbean [1] - The acquisition is driven by increasing interest in upscale and luxury offerings outside the U.S. as more Americans leverage a stronger dollar [1] - Playa operates 24 high-end, all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic [1] Group 2 - Hyatt has proposed $13.50 per Playa share, which represents a 40.5% premium over Playa's last closing price before the announcement of deal talks [2] - Playa's shares increased by 2% in premarket trading following the announcement [2] - Hyatt, which already holds a 9.4% stake in Playa, anticipates the deal will close later this year and plans to identify third-party buyers for Playa's owned properties [2] Group 3 - Hyatt expects to generate at least $2 billion from the sale of assets by 2027 as part of its strategy [2] - This acquisition aligns with Hyatt's asset-light business model, focusing on managing or franchising properties rather than owning them [3]

Group 1: Company Performance - Hyatt Hotels shares increased by 4.9% to $166.34 in the last trading session, with a higher-than-average trading volume, compared to a 4.1% gain over the past four weeks [1] - The company is expected to report quarterly earnings of $0.64 per share, unchanged from the previous year, with revenues projected at $1.63 billion, a decrease of 1.7% year-over-year [3] - The consensus EPS estimate for Hyatt has been revised 0.7% lower in the last 30 days, indicating a negative trend in earnings estimate revisions [4] Group 2: Strategic Developments - Hyatt's stock rally is supported by optimism surrounding ongoing discussions with Playa Hotels & Resorts, with an exclusivity agreement extended through February 10, 2025, to explore potential strategic alternatives, including a possible acquisition [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a cautious outlook [4] Group 3: Industry Comparison - Hyatt Hotels is part of the Zacks Hotels and Motels industry, where Wyndham Hotels closed 1.4% higher at $107.58, with a 7.1% return over the past month [4] - Wyndham's consensus EPS estimate has increased by 0.2% to $1, reflecting a year-over-year change of +9.9%, and it currently holds a Zacks Rank of 2 (Buy) [5]

Investment Community Teleconference Set for February 20, 2025 at 8 a.m. ETTORONTO, Jan. 17, 2025 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its fourth quarter financial results the morning of February 20, 2025, before North American financial markets open. A summary of the results will be distributed by newswire and the complete MD&A and financial statements will be posted at www.hydroone.com/investors and www.sedarplus. ...

Building upon its expansion in the all-inclusive segment, Hyatt Hotels Corporation (H) entered a long-term, asset-light strategic joint venture (JV) with Grupo Piñero. The partnership, headquartered in Palma de Mallorca, Spain, will oversee Bahia Principe Hotels & Resorts properties and own the Bahia Principe brand. This move enhances the company’s presence in the growing all-inclusive market.The 50/50 joint venture broadens Hyatt’s portfolio, creating more opportunities for guests and World of Hyatt member ...