Hyatt Hotels Corporation (H) delivered fourth-quarter 2023 results, wherein earnings topped the Zacks Consensus Estimate but declined on a year-over-year basis.The company's revenues surpassed the consensus mark and increased year over year.Hyatt’s quarterly results reflected 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 strong global travel demand, especially among leisur ...

For the quarter ended December 2023, Hyatt Hotels (H) reported revenue of $1.66 billion, up 4.5% over the same period last year. EPS came in at $0.64, compared to $2.55 in the year-ago quarter.The reported revenue represents a surprise of +6.08% over the Zacks Consensus Estimate of $1.56 billion. With the consensus EPS estimate being $0.38, the EPS surprise was +68.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Company Performance - Hyatt Hotels reported quarterly earnings of $0.64 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, but down from $2.55 per share a year ago, indicating an earnings surprise of 68.42% [1] - The company generated revenues of $1.66 billion for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 6.08% and up from $1.59 billion year-over-year [1] - Over the last four quarters, Hyatt has surpassed consensus EPS estimates two times and revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $1.74 billion, and for the current fiscal year, it is $2.99 on revenues of $6.9 billion [4] - The estimate revisions trend for Hyatt Hotels is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Hotels and Motels industry is currently in the top 29% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Civeo, another company in the same industry, is expected to report quarterly earnings of $0.07 per share, reflecting a year-over-year increase of 107.1%, with revenues anticipated to be $151.12 million, down 6.8% from the previous year [5][6]

Group 1 - Hyatt Hotels Corporation will release its fourth quarter and full year 2023 financial results on February 23, 2024, before the stock market opens [1] - A conference call will follow at 9:00 a.m. CT, with participants encouraged to listen via a webcast on the company's website [1] - An archive of the webcast will be available for 90 days after the call [1] Group 2 - As of December 31, 2023, Hyatt's portfolio includes over 1,300 hotels and all-inclusive properties across 77 countries and six continents [2] - The company offers a variety of brands categorized into Timeless Collection, Boundless Collection, Independent Collection, and Inclusive Collection [2] - Hyatt operates the World of Hyatt loyalty program and several subsidiaries providing vacation and destination management services [2]

Core Insights - Hyatt announced new senior leadership appointments and a subregional structure in the Americas to enhance growth and operational excellence [1][3] - The Americas region is now divided into two subregions: U.S. & Canada and Latin America & the Caribbean, each led by newly appointed presidents [1][2] Leadership Appointments - Susan Santiago has been appointed as President, U.S. & Canada, responsible for growth and performance optimization of Hyatt's owned and managed portfolio [2] - Gabriel Felip has been appointed as President, Latin America & Caribbean, overseeing operational performance for all managed and owned Hyatt hotels in the region [2] Organizational Structure - The new structure includes three newly created roles in operations, commercial services, and finance [3] - Yvette Martinez-Edwards is promoted to Senior Vice President, Field Operations, Luxury & Miraval, reporting to Santiago [3] - Shyla Gardner re-joins Hyatt as Vice President, Commercial Services, Latin America & the Caribbean, reporting to Asad Ahmed [3] - Juan Pablo Puerta serves as Senior Vice President, Finance, Latin America & the Caribbean, reporting to Liz Bauer [3][5] Focus on Operational Excellence - Martinez-Edwards will oversee Hyatt's managed luxury and Miraval hotel portfolio, focusing on operational excellence [4] - Gardner will lead a cross-functional team to develop specialized commercial strategies for the LAC market [4] - Puerta is responsible for leading the finance function and driving property performance optimization in Latin America & the Caribbean [5] Company Overview - As of December 31, 2023, Hyatt's portfolio includes over 1,300 hotels and all-inclusive properties in 77 countries [6] - The company operates various brands across different collections, including the Timeless Collection, Boundless Collection, Independent Collection, and Inclusive Collection [7]

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE:H) and Wellington Estates today announced the planned debut of Cas en Bas Beach Resort, marking the introduction of the Destination by Hyatt brand in the Caribbean. Expected to open in late 2024, Cas en Bas Beach Resort will invite global escapists to discover St. Lucia through a cosmopolitan Caribbean perspective including one-of-a-kind programming, hyper-personalized amenities, and dynamic culinary offerings. Nestled on the northern tip of St. Lu ...

Hyatt Hotels Corporation (H) has delayed the issuance of its fourth-quarter 2023 results, which was scheduled for Feb 15, 2024. The company has stated that they need more time to complete the accounting procedures related to the Unlimited Vacation Club deferred cost activity within its Apple Leisure Group segment.Q4 & 2023 HighlightsThe company announced its fourth-quarter and full-year 2023 highlights. System-wide comparable RevPAR demonstrated a 9.1% increase in the fourth quarter compared with the year-a ...

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today announced that it will delay the issuance of its fourth quarter and full year 2023 earnings release and investor conference call previously scheduled for February 15, 2024, as additional time is required to finalize accounting related to Unlimited Vacation Club deferred cost activity in its Apple Leisure Group segment, which has no cash impact. The Company will issue a separate press release when a rescheduled date ...

Hyatt Hotels Corporation (H) is scheduled to report fourth-quarter 2023 results on Feb 15, before the opening bell. In the last reported quarter, the company reported an earnings surprise of 16.7%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 38 cents, indicating a decline of 85.1% from $2.55 reported in the year-ago quarter.For revenues, the consensus mark is pegged at approximately $1.56 billion. The metric suggests a decrease of 1.5% from th ...

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) announced today participation by Joan Bottarini, Chief Financial Officer, at the following conferences: Presenting at the Raymond James & Associates’ 45th Annual Institutional Investors Conference at 11:35 a.m. ET on Tuesday March 5, 2024 in Orlando, FL. Presenting at the J.P. Morgan Gaming, Lodging, Restaurant, and Leisure Management Access Forum at 10:15 a.m. PT on Thursday, March 14, 2024 in Las Vegas, NV. All interested persons may liste ...