Core Viewpoint - Analysts project that Hyatt Hotels will report quarterly earnings of $0.90 per share, reflecting a 28.6% year-over-year increase, with revenues expected to reach $1.64 billion, a 1% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 2.2% in the past 30 days, indicating a reassessment by covering analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenues- Owned and Leased Hotels' will be $255.56 million, a decrease of 22.3% year-over-year [5]. - 'Revenues- Distribution and destination management' is projected at $222.32 million, indicating a slight increase of 0.1% from the prior year [5]. - 'Other revenues' are expected to reach $39.63 million, reflecting a significant decline of 49.8% from the year-ago quarter [5]. - 'Revenues- Management and franchise fees' are forecasted to be $280.24 million, an increase of 12.1% year-over-year [6]. Key Metrics - Total owned and leased hotels are projected to be 10,540, down from 13,305 in the previous year [6]. - Worldwide Hyatt brand properties are estimated to have 330,145 rooms, compared to 313,257 in the same quarter last year [6]. - RevPAR for comparable systemwide hotels is expected to reach $150.20, up from $145.40 in the same quarter last year [7]. - ADR for comparable systemwide hotels is projected at $205.17, compared to $202.13 a year ago [7]. - Occupancy for comparable systemwide hotels is estimated at 73.0%, up from 71.9% in the same quarter last year [8]. - RevPAR for comparable owned and leased hotels is expected to be $202.19, compared to $194.07 a year ago [8]. - Total properties owned and leased are estimated at 30, down from 34 in the same quarter last year [9]. - ADR for comparable owned and leased hotels is projected at $272.03, compared to $265.44 a year ago [9]. Stock Performance - Shares of Hyatt Hotels have returned +2.9% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [9].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Hyatt Hotels, with a focus on how actual results compare to estimates, which could significantly impact stock price [1] Earnings Expectations - Hyatt Hotels is expected to report quarterly earnings of $0.90 per share, reflecting a year-over-year increase of +28.6% [2] - Revenues are projected to be $1.64 billion, representing a 1% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised down by 2.23% over the last 30 days, indicating a bearish sentiment among analysts [3] - The Most Accurate Estimate for Hyatt is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -10.18% [6] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] - Hyatt currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat [6] Historical Performance - In the last reported quarter, Hyatt Hotels exceeded expectations by posting earnings of $1.53 per share against an expected $0.95, resulting in a surprise of +61.05% [7] - Over the past four quarters, Hyatt has beaten consensus EPS estimates three times [7] Market Sentiment - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [8] - Despite not appearing as a compelling earnings-beat candidate, monitoring other factors is essential for investment decisions regarding Hyatt ahead of its earnings release [8]

Company Performance and Growth - Hyatt Hotels Corporation stock has gained close to 15% since the beginning of 2024, while Hilton stock is up about 27% over the same period [1] - Comparable system-wide revenue per available room increased by 4.7% year-over-year in Q2 2024, down from 5.5% y-o-y growth in Q1 2024 [1] - Asia remains the biggest driver of growth, with greater outbound travel from Greater China to markets including Japan, Thailand, and South Korea [1] - The U.S. business also increased from group and business travel [1] - Hyatt expects system-wide revenue per available room growth of 3.0% to 4.0% y-o-y in FY 2024 and a 5.5% to 6.0% increase in net room growth [1] - Adjusted EBITDA is expected to be in the range of $1.10 billion to $1.14 billion in FY 2024, compared to $1.03 billion in FY 2023 [1] Financial Strategy and Acquisitions - Hyatt added 18 new hotels and 3,251 rooms to its portfolio in Q2 2024, with a pipeline growth of 9% y-o-y to a record 130K rooms [2] - The company aims to derive over 80% of its earnings via fees by 2025, with fee-based revenues expected to be $1.1 billion to $1.13 billion in 2024 [2] - Hyatt completed the sale of its 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land for approximately $1.07 billion, retaining a long-term management agreement [3] - The company entered into an agreement to pay $150 million for 21 Standard International properties and another $185 million to acquire an additional 30 new projects in the Standard International pipeline, totaling $335 million [3] - These transactions are part of Hyatt's capital allocation strategy to sell owned hotels and reinvest in asset-light platforms to accelerate growth [3] Market Position and Valuation - Hyatt primarily makes money from fee-based revenue, licensing, and other services, allowing third-party owners and franchisees to use its brand and intellectual property [2] - The stock is considered fairly priced at current levels, trading at roughly 33x projected 2024 earnings, aligning with peers [4] - Hyatt's valuation is approximately $144 per share, almost in line with the current market price of about $150 per share [4] Industry Trends and Competitive Landscape - Travel demand has remained robust despite concerns about the global economy, driving recent price appreciation for hotel stocks [1] - Hyatt's focus on premium properties and a strong travel market should support long-term growth [4] - The company's peers are also performing well, with comparisons available on key metrics [4]

Group 1: Company Performance and Strategy - Hyatt Hotels Corporation has achieved a 25% pipeline growth in its select service segment in the Americas over the past three years, now representing over half of its total pipeline in the region [1] - The Caption by Hyatt brand has been redesigned based on owner feedback, focusing on cost efficiency, flexibility, and market adaptability, which is expected to drive expansion in the U.S. and internationally [2] - Hyatt Studios has rapidly expanded, securing over 4,000 pipeline rooms and 250 deals in various negotiation stages within just 18 months [2] Group 2: Financial Performance - Hyatt's shares have increased by 17.9% this year, reflecting the industry's growth, supported by rising demand, new hotel openings, and acquisition initiatives [3] - The company anticipates a system-wide RevPAR increase of 3% to 4% year over year for 2024, driven by group bookings and recovery in business transient demand [3] Group 3: Market Position - Hyatt's strategic focus on innovation and market adaptability positions it well for long-term success in the competitive hospitality industry [2]

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Investment Community Teleconference Set for November 7, 2024 at 8 a.m. ETTORONTO, Oct. 4, 2024 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its third quarter financial results the morning of November 7, 2024, 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.com. ...

Hyatt Hotels Corporation (H) continues its strategic focus on expanding luxury and lifestyle properties across the Americas, capitalizing on a strong demand for high-end travel experiences. According to Hyatt’s Mid-Year 2024 Consumer Sentiment and Travel Expectations Report, 88% of consumers still plan to travel for leisure, bolstering the company’s approach of delivering unique, memorable stays for its guests and World of Hyatt members.With a development pipeline of over 20 new and planned openings through ...

Core Insights - Hyatt Hotels Corporation has opened the Hyatt Centric Delfina Santa Monica, marking its 101st hotel in California and the sixth Hyatt Centric property in the state [1][2] Expansion and Growth - The company added 18 new hotels (3,251 rooms) to its portfolio in Q2 2024, achieving a net room growth of 4.6% [4] - As of June 30, 2024, Hyatt has a pipeline of approximately 670 hotels (about 130,000 rooms) under executed management or franchise contracts [5] - The company anticipates a year-over-year net room growth of 5.5-6% for 2024, driven by organic growth and conversion opportunities [6] Property Features and Promotions - The new property offers proximity to major attractions like Santa Monica Pier and Venice Beach, and is part of Hyatt's World of Hyatt loyalty program [2] - To celebrate the opening, the hotel will provide a 15% discount for stays between September 18, 2024, and October 31, 2025, with a 17% discount for World of Hyatt members during a specific booking period [2] Refurbishment Plans - A $16 million refurbishment is planned for the Hyatt Centric Delfina Santa Monica, focusing on guest rooms and common areas, set to begin in fall 2024 [3] Stock Performance - Hyatt's shares have increased by 13.7% year-to-date, outperforming the Zacks Hotels and Motels industry's growth of 9.9% [6]

LOS ANGELES, Sept. 18, 2024 (GLOBE NEWSWIRE) -- SoCalBio (the Southern California Biomedical Council) today announced the full lineup of speakers and presenting companies for its 26th Annual SoCalBio Investor & Partnership Conference, which will be held September 25-26 at the Hyatt Regency Newport Beach. Since 1995, SoCalBio has served as the voice and advocate for the bioscience, medical devices, and digital health industries across the Greater Los Angeles region. Now in its 26th year, the Annual Investor ...

For Immediate ReleaseChicago, IL – September 18, 2024 – Today, Zacks Equity Research discusses Marriott International, Inc. (MAR) , Hilton Worldwide Holdings Inc. (HLT) and Hyatt Hotels Corp. (H) .Industry: Hotels and MotelsLink: https://www.zacks.com/commentary/2336990/3-hotels-motels-stocks-to-watch-despite-industry-concernsThe Zacks Hotels and Motels industry in 2024 faces challenges from rising costs, geopolitical tensions and ongoing economic uncertainty. However, industry participants are concentratin ...