Core Insights - Hyatt Hotels reported 1.63billioninrevenueforQ32024,ayear−over−yearincreaseof0.40.94 compared to 0.70ayearago,indicatingapositivetrendinearningsdespiteaslightrevenuemissagainstestimates[1]−Thecompanyexperiencedarevenuesurpriseof−0.561.64 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,lowerthantheestimated150.20 [3] - ADR for comparable systemwide hotels was 201.75,comparedtotheestimateof205.17 [3] - Revenues from owned and leased hotels were 287million,exceedingtheestimateof255.56 million but reflecting a -12.8% change year-over-year [3] - Distribution and destination management revenues were 221million,slightlybelowtheestimateof222.32 million, with a -0.5% change year-over-year [3] - Other revenues were reported at 13million,significantlylowerthantheaverageestimateof39.63 million, representing an -83.5% year-over-year change [3] - Management and franchise fees generated 268million,comparedtotheestimateof280.24 million, showing a +7.2% change year-over-year [3] - Contra revenues were reported at -27million,worsethantheestimateof−13.67 million, reflecting a +125% year-over-year change [3] - Net fees revenues were 241million,belowtheestimateof266.57 million [3] - Revenues for reimbursed costs were 867million,slightlyabovetheestimateof856.85 million, with a +15% year-over-year change [3] - Franchise fees amounted to 119million,comparedtotheestimateof125.39 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]
Hyatt(H) ZACKS·2024-10-31 14:36