The Zacks Hotels and Motels industry in 2024 faces challenges from rising costs, geopolitical tensions and ongoing economic uncertainty. However, industry participants are concentrating on growth strategies, including expanding their portfolios, converting properties, forging strategic partnerships and enhancing loyalty programs. The industry has shown resilience through cost-cutting measures and digital innovations. Hotel operators remain focused on balancing profitability while ensuring guest satisfaction ...

A month has gone by since the last earnings report for Hyatt Hotels (H) . Shares have added about 13.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Hyatt Hotels due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Hyatt Q2 Earnings Beat, Revenues Lag EstimatesHyatt ...

Hyatt Hotels Corporation‘s (H) shares rose 13.5% in the past month. The stock surpassed the Zacks Hotels and Motels industry's 9.4% rise and outperformed the broader Zacks Consumer Discretionary sector's 9.3% rise in the same period. Hyatt's impressive stock performance reflects the company's strong position in the industry, driven by robust demand and strategic initiatives aimed at expanding its global footprint.H also outpaced competitors like Choice Hotels International (CHH) , up 2.1%, and Marriott Inte ...

Hyatt Hotels Corporation (H) is set to acquire the brands and most affiliates of Standard International, the parent company of The Standard and Bunkhouse Hotels brands.The base purchase price to be paid by Hyatt upon closure will be $150 million, with an extra $185 million over time as additional properties enter the portfolio. The deal is expected to close in late 2024 upon the satisfaction of customary closing conditions.Perks of the BuyoutUpon acquiring Standard International, Hyatt will welcome manageme ...

TORONTO, Aug. 14, 2024 /PRNewswire/ - Hydro One Limited (TSX: H), announced that its Board of Directors has declared a quarterly cash dividend to common shareholders of $0.3142 per share to be paid on September 27, 2024 to shareholders of record on September 11, 2024.Unless indicated otherwise, all common share dividends paid by Hydro One Limited to shareholders are designated as "eligible" dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation. Such quarterly divide ...

Hyatt Hotels Corporation H reported mixed results for its second quarter on Tuesday.The company posted second-quarter 2024 sales of $1.703 billion, missing the consensus estimate of $1.705 billion. Net room growth was approximately 4.6% year-over-year.Comparable system-wide hotels' RevPAR increased by 4.7%, and comparable system-wide all-inclusive resorts' Net Package RevPAR increased by 3% YoY.Adjusted EPS of $1.53 beats the analyst consensus of $1.17."System-wide RevPAR grew by 4.7% and net rooms growth w ...

Financial Data and Key Metrics Changes - System-wide RevPAR growth was reported at 4.7%, with group and business transient segments being the strongest [8][21] - Leisure transient revenue decreased approximately 2% in the quarter but was up 2% when excluding certain impacts [8][21] - Gross fees reached a record of $275 million, up 12% year-over-year [24] Business Line Data and Key Metrics Changes - Group room revenue increased approximately 8% in the quarter, with strong results in major US urban markets [9][21] - Business transient revenue increased approximately 14%, with notable growth in the United States [10][21] - Management and franchising segment adjusted EBITDA increased approximately 11% [25] Market Data and Key Metrics Changes - RevPAR in the Americas, excluding the United States, increased approximately 9% [22] - RevPAR in Greater China decreased by approximately 3% due to unfavorable macro conditions [22] - Asia Pacific, excluding Greater China, saw RevPAR up approximately 18% [23] Company Strategy and Development Direction - The company continues to expand its loyalty program, with World of Hyatt membership reaching approximately 48 million members, a 21% increase year-over-year [11] - The pipeline reached a record of approximately 130,000 rooms, representing a 9% increase year-over-year [15] - The acquisition of me and all hotels brands is expected to accelerate growth in the upscale segment in Europe [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining high levels of demand, significantly above pre-pandemic levels [35] - The outlook for the second half of 2024 anticipates group and business transient revenue growth to outpace leisure transient [28] - Management noted that the economic environment remains stable, with expectations for continued growth in net rooms [67] Other Important Information - The company completed asset sales realizing $1.5 billion in gross proceeds towards a $2 billion commitment [18] - Adjusted EBITDA is expected to be in the range of $1.135 billion to $1.175 billion, a 10% increase at the midpoint compared to last year [30] Q&A Session Summary Question: Can you elaborate on leisure transient patterns and outlook? - Management noted that demand is evening out over time, with disruptions from airline traffic being short-lived, and overall demand remains high [34][35] Question: What are the recent trends in China development and pipeline? - Management indicated that Greater China has been a significant contributor to room openings and pipeline growth, with a focus on high-quality openings [41][42] Question: How is group pacing for 2025? - Group bookings for 2025 are strong, with about 60% of total business on the books, indicating a well-balanced demand across various sectors [48] Question: What is the visibility into RevPAR or bookings in China? - The booking window in Greater China is typically short, with group business being a smaller percentage compared to the US, impacting visibility [78] Question: How does the company plan to use proceeds from asset sales? - The company will announce details regarding the use of proceeds from asset sales once transactions are closed, including impacts on shareholder returns [45]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 For the quarterly period ended June 30, 2024 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 150 North Riverside Plaza 8th Floor, Chicago, Illinois 60606 For the transition period from to Commission File No. 001-34521 HYATT HOTELS CORPORATION (Exact Name of Registran ...

KEY TAKEAWAYSHyatt Hotels reported higher-than-expected second-quarter profit as revenue per available room (RevPAR) gained.Comparable system-wide hotels RevPAR increased 4.7% year-over-year, higher than expectations of a 4.0% gain from analysts polled by Visible Alpha.Earnings per share (EPS) of $3.46 easily surpassed analysts' estimates, but revenue of $1.7 billion missed and the company lowered the top end of its full-year RevPAR outlook. Hyatt Hotels (H) reported higher-than-expected second-quarter prof ...

Hyatt Hotels (H) reported $1.7 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.1%. EPS of $1.53 for the same period compares to $0.82 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.76 billion, representing a surprise of -3.00%. The company delivered an EPS surprise of +61.05%, with the consensus EPS estimate being $0.95.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...