Compared to Estimates, Hyatt Hotels (H) Q3 Earnings: A Look at Key Metrics

Core Insights - Hyatt Hotels reported $1.63 billion in revenue for Q3 2024, a year-over-year increase of 0.4%, with an EPS of $0.94 compared to $0.70 a year ago, indicating a positive trend in earnings despite a slight revenue miss against estimates [1] - The company experienced a revenue surprise of -0.56% against the Zacks Consensus Estimate of $1.64 billion, while the EPS exceeded expectations by 4.44% [1] Financial Performance Metrics - Total owned and leased hotels stood at 10,296, below the estimated 10,540 [3] - Worldwide Hyatt brand properties had 326,845 rooms, compared to the average estimate of 330,145 [3] - RevPAR for comparable systemwide hotels was $146.18, lower than the estimated $150.20 [3] - ADR for comparable systemwide hotels was $201.75, compared to the estimate of $205.17 [3] - Revenues from owned and leased hotels were $287 million, exceeding the estimate of $255.56 million but reflecting a -12.8% change year-over-year [3] - Distribution and destination management revenues were $221 million, slightly below the estimate of $222.32 million, with a -0.5% change year-over-year [3] - Other revenues were reported at $13 million, significantly lower than the average estimate of $39.63 million, representing an -83.5% year-over-year change [3] - Management and franchise fees generated $268 million, compared to the estimate of $280.24 million, showing a +7.2% change year-over-year [3] - Contra revenues were reported at -$27 million, worse than the estimate of -$13.67 million, reflecting a +125% year-over-year change [3] - Net fees revenues were $241 million, below the estimate of $266.57 million [3] - Revenues for reimbursed costs were $867 million, slightly above the estimate of $856.85 million, with a +15% year-over-year change [3] - Franchise fees amounted to $119 million, compared to the estimate of $125.39 million, indicating a +13.3% change year-over-year [3] Stock Performance - Shares of Hyatt Hotels have returned +4.3% over the past month, outperforming the Zacks S&P 500 composite's +1% change, with a current Zacks Rank of 3 (Hold) suggesting potential performance in line with the broader market [4]