Financial Performance - Net income for Q4 2024 was $(56) million, while full year net income was $1,296 million; adjusted net income was $40 million for Q4 and $375 million for the full year[3] - Total revenues for Q4 2024 were $1,602 million, a decrease of 3.5% compared to $1,660 million in Q4 2023[24] - Net income attributable to Hyatt Hotels Corporation for the year ended December 31, 2024, was $1,296 million, compared to $220 million in 2023, representing a significant increase[24] - The company reported a net loss of $56 million for Q4 2024, compared to a net income of $26 million in Q4 2023[24] - The diluted earnings per share for Q4 2024 was $(0.58), down from $0.25 in Q4 2023, while the adjusted diluted earnings per share was $0.42, compared to $0.70 in Q4 2023[43] - The company generated free cash flow of $463 million for the year ended December 31, 2024, down from $602 million in 2023[40] - The total special items impact per diluted share for YTD 2024 was $(8.99), compared to $0.70 for YTD 2023[43] - Net income attributable to Hyatt Hotels Corporation is projected to be between $190 million and $240 million for the year ended December 31, 2025[63] Revenue and Growth Projections - Comparable system-wide hotels RevPAR growth was 5.0% in Q4 2024 and 4.6% for the full year 2024 compared to the same periods in 2023[3] - 2025 full year comparable system-wide hotels RevPAR growth is projected to increase by 2.0% to 4.0% on a constant currency basis compared to 2024[3] - 2025 full year net rooms growth is projected to be between 6.0% and 7.0% compared to the full year of 2024[3] - The pipeline of executed management or franchise contracts was approximately 138,000 rooms, representing a year-over-year expansion of about 9%[6] - The company anticipates growth in System-wide Hotels RevPAR and Net Rooms, with specific figures to be detailed in future reports[1] Acquisitions and Investments - The company announced an agreement to acquire Playa Hotels & Resorts for approximately $2.6 billion, expecting to fund the acquisition entirely with new debt financing[7] - The proposed Playa acquisition is expected to impact the asset-light earnings mix and reduce the owned real estate asset base[1] - The company is focused on achieving anticipated synergies from the proposed acquisition and integrating it with existing operations[1] - The Bahia Principe transaction involves acquiring 50% of Management Hotelero Piñero, S.L., consolidating its results in Hyatt's financial statements[78] Operational Metrics - RevPAR for system-wide hotels in Q4 2024 was $140.87, up 5.0% from $133.80 in Q4 2023[25] - Occupancy rate for system-wide hotels in Q4 2024 was 68.9%, an increase of 2.1 percentage points compared to 66.8% in Q4 2023[25] - The average daily rate (ADR) for system-wide hotels in Q4 2024 was $204.40, reflecting a 1.8% increase from $200.00 in Q4 2023[25] - The company reported interest expenses of $52 million in Q4 2024, compared to $40 million in Q4 2023, indicating a 30% increase[38] - The company recognized $161 million in impairment charges during Q4 2024, primarily related to goodwill and intangible assets, compared to $17 million in Q4 2023[43] Cost Management - General and administrative expenses for Q4 2024 were $136 million, down from $167 million in Q4 2023, a decrease of 18.6%[24] - Adjusted G&A expenses for Q4 2024 were $127 million, unchanged from Q4 2023, while total G&A expenses decreased from $167 million in Q4 2023 to $136 million in Q4 2024[42] - Stock-based compensation expense is estimated at $65 million, while transaction and integration costs are expected to be around $44 million to $49 million[63] Future Outlook - Adjusted EBITDA for 2025 is projected to be between $1,100 million and $1,150 million[3] - Net cash provided by operating activities is anticipated to be between $485 million and $535 million, leading to Free Cash Flow of $335 million to $385 million[64] - Adjusted Free Cash Flow is projected to be between $450 million and $500 million[64] - Interest expense is forecasted to be $205 million, and the provision for income taxes is expected to be between $92 million and $122 million[63] Strategic Initiatives - The World of Hyatt loyalty program and Unlimited Vacation Club are critical components of the Company's growth strategy[20] - The company plans to disclose material information through SEC filings, press releases, and social media channels[19] - The company is navigating global supply chain constraints and rising costs due to inflation, which may affect future performance[1] - The company completed a restructuring of the Unlimited Vacation Club, selling 80% of the entity for $80 million, resulting in deconsolidation of the entity[89] - The remaining 20% ownership interest in the Unlimited Vacation Club is accounted for as an equity method investment in an unconsolidated hospitality venture[89] Market Presence - As of December 31, 2024, the Company's portfolio included over 1,400 hotels and all-inclusive properties across 79 countries[20] - The total number of system-wide hotels reached 1,293, with a total of 291,593 rooms as of December 31, 2024[31] - The United States accounted for 721 properties and 159,829 rooms, representing the largest share of Hyatt's portfolio[31] - Hyatt's total properties in Greater China reached 185, with 45,391 rooms, indicating significant market presence in the region[31] - The total number of all-inclusive resorts was 149, with 55,708 rooms, highlighting Hyatt's expansion in this segment[31]

Financial Data and Key Metrics - System-wide RevPAR grew by 3% in Q3 2024, with luxury brands showing the strongest growth [12] - Leisure transient revenue decreased by approximately 4%, driven by declines in the United States and Greater China [12] - Group rooms revenue increased by approximately 6%, with strong performance in both the U S and Europe [14] - Business transient revenue grew by approximately 16%, with similar growth in the U S [15] - World of Hyatt membership reached a record 51 million, a 22% increase year-over-year [16] - Gross fees for the quarter were $268 million, up 11% year-over-year [41] - Adjusted EBITDA for the quarter was $275 million, a 9% increase compared to the previous year [44] Business Line Performance - Leisure transient revenue declined due to weaker demand in the U S and Greater China [12] - Group rooms revenue growth was driven by corporate meetings and social events, particularly in the U S and Europe [14][36] - Business transient revenue growth was led by large corporate accounts, especially in major urban markets [15][36] - All-inclusive resorts in the Americas saw a 10% increase in bookings for the festive period and over 20% for Q1 2025 [13] - Loyalty program engagement was strong, with a 16% increase in co-branded credit card spending through the first nine months of 2024 [16] Market Performance - RevPAR in the Americas (excluding the U S) increased by approximately 4%, while all-inclusive properties in the Americas reported a 5% decline in net package RevPAR due to hurricanes [37] - Greater China saw a 7% decline in RevPAR, driven by a 9% drop in domestic travel, though international inbound travel showed moderate growth [38] - Asia-Pacific (excluding Greater China) reported a 10% increase in RevPAR, driven by strong inbound travel from Greater China and the U S [39] - Europe experienced a 15% increase in RevPAR, driven by the Summer Olympics in Paris and Euro 2024 in Germany [40] Strategy and Industry Competition - The company continues to focus on its asset-light business model, with significant growth in management and franchise fees [11][29] - Hyatt's pipeline expanded to 135,000 rooms, a 10% increase year-over-year, with significant activity in the U S and Greater China [18] - The company completed the acquisition of Standard International, adding 22 hotels and approximately 2,000 rooms, with plans for further expansion [25] - A joint venture with Grupo Pinero will add 23 all-inclusive resorts, expanding Hyatt's all-inclusive portfolio by approximately 30% [27] - Hyatt has returned $4 4 billion to shareholders, including $4 2 billion in share buybacks, as part of its capital allocation strategy [32] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of strong demand levels, supported by forward booking activity [38] - The company expects full-year system-wide RevPAR growth of 3% to 4%, with U S RevPAR growth projected at 1% to 1 5% [49] - Greater China's RevPAR is expected to improve in Q4 due to government stimulus measures, leading to flat full-year growth compared to 2023 [50] - Net rooms growth is expected to be in the range of 7 75% to 8 25%, with potential adjustments based on the Grupo Pinero joint venture closing [51] - Adjusted EBITDA for 2024 is expected to range from $1 1 billion to $1 12 billion, a 5% increase at the midpoint [53] Other Important Information - Hyatt completed the sale of Hyatt Regency Orlando for $1 07 billion, marking the completion of its third asset disposition commitment [23] - The company repaid $750 million in 2024 notes, reducing total debt outstanding to approximately $3 1 billion [46] - Hyatt's total liquidity as of September 30, 2024, was approximately $2 6 billion, including $1 1 billion in cash and short-term investments [46] Q&A Session Summary Question: Drivers of the updated guidance for net rooms growth and the impact of the Grupo Pinero joint venture [56] - Net rooms growth was impacted by slippage of over 2,000 rooms into 2025 and higher-than-expected attrition, primarily due to brand standards and market-specific issues [57][58] - The Grupo Pinero joint venture is expected to contribute incremental management fees and other revenues, with more details to be provided after the transaction closes [66][69] Question: Credit card fees and renewal timing [71] - Hyatt's co-branded credit card spending increased by 16% year-over-year, driven by the growing World of Hyatt membership base [16][72] - The current credit card arrangement is set to expire towards the end of 2025, with ongoing discussions for renewal [75] Question: Impact of hurricanes on distribution and destination business [77] - Hurricanes negatively impacted bookings in the Caribbean and Southeastern U S, leading to a $46 million EBITDA hit in Q3 [78][121] - Leisure booking trends have accelerated into Q4, with strong forward bookings for resorts and distribution business [79][80] Question: Attrition rates and brand standards [81] - Attrition rates were higher than expected in 2024, primarily due to brand standard issues and market-specific challenges [58][81] - Hyatt does not currently have a brand for downgrading hotels, which may lead to higher attrition in the future [82] Question: Opportunities for inorganic growth and market multiples [96] - Platform acquisitions are typically valued at high multiples initially, with expectations of reducing to low double-digits over time [97][100] - Hyatt has significant white space in underpenetrated markets, providing opportunities for growth through acquisitions and conversions [101] Question: Leisure demand mix post-Grupo Pinero joint venture [103] - Leisure demand currently accounts for 50% to 55% of total demand, with the joint venture expected to increase this slightly [103] Question: Optimal number of brands and potential streamlining [122] - Hyatt aims to add brands with distinct identities and experiences, avoiding overlap with existing brands [123] - The company is forming dedicated lifestyle and luxury groups to better serve distinct customer segments [127] Question: Gross net unit growth and transient business pace [129] - Gross net unit growth of 6% includes run-of-the-mill conversions but excludes large portfolio deals [129] - Transient business pace for Q1 2025 is strong, primarily driven by occupancy rather than ADR [132]

Financial Performance - Consolidated revenues increased by $7 million, or 0.5%, for the quarter ended September 30, 2024, compared to the same period in 2023[183]. - Net income attributable to Hyatt Hotels Corporation was $471 million, a $403 million increase compared to the same quarter in 2023[187]. - Consolidated Adjusted EBITDA for the quarter was $275 million, an increase of $22 million compared to the same period in 2023[187]. - Income before income taxes for Q3 2024 was $608 million, up from $101 million in Q3 2023, representing a 497.9% increase[223]. - Adjusted EBITDA for the three months ended September 30, 2024, was $210 million, an increase of 9.4% compared to $192 million in the same period of 2023[244]. - Adjusted EBITDA for owned and leased hotels was $49 million for the three months ended September 30, 2024, a decrease of 15.1% from $58 million in the same period of 2023[254]. - Adjusted EBITDA for the distribution segment was $38 million for the three months ended September 30, 2024, an increase of 26.1% from $31 million in 2023[259]. - Adjusted EBITDA for owned and leased hotels for the nine months ended September 30, 2024, was $156 million, a decrease of 15.5% from $185 million in the same period of 2023[254]. - The company reported a 141.3% increase in provision for income taxes, amounting to $259 million for the nine months ended September 30, 2024, compared to $107 million in the same period of 2023[282]. Revenue Breakdown - Comparable system-wide hotels revenue per available room (RevPAR) was $146, representing a 3.0% improvement in constant currency compared to the prior year[184]. - Gross fee revenues increased by $25 million, driven by improved operating performance and growth in the hotel portfolio[183]. - Comparable system-wide all-inclusive resorts Net Package RevPAR was $204, a 0.9% decrease compared to the prior year[185]. - Group rooms revenues increased approximately 6% compared to 2023, indicating strong growth in group travel demand[186]. - The increase in base management fees for the three months ended September 30, 2024, was primarily driven by the Americas and Europe[191]. - Franchise fees increased during the three months ended September 30, 2024, primarily driven by the United States, and during the nine months ended September 30, 2024, driven by the Americas and Europe[194]. - Other fees increased during the three and nine months ended September 30, 2024, primarily due to management and royalty fees related to the Unlimited Vacation Club and increased license fees from co-branded credit card programs[195]. - Total owned and leased revenues for the three months ended September 30, 2024, were $287 million, a decrease of 13.1% compared to $329 million in 2023, while for the nine months, total revenues were $910 million, down 7.6% from $984 million[198]. - Comparable owned and leased revenues increased by 7.2% to $679 million for the nine months ended September 30, 2024, compared to $632 million in 2023, driven by group and business transient demand[198]. - Revenues for reimbursed costs increased by 14.9% to $867 million for the three months ended September 30, 2024, and by 10.7% to $2.511 billion for the nine months[202]. Shareholder Returns - The company returned $672 million to shareholders through $657 million in share repurchases and $15 million in dividends during the quarter[188]. - The company repurchased 7,923,062 shares of Class A and Class B common stock for an aggregate purchase price of $1,179 million during the nine months ended September 30, 2024[295]. - The company paid three quarterly cash dividends of $0.15 per share on outstanding shares totaling $46 million during the nine months ended September 30, 2024[295]. Expenses and Costs - General and administrative expenses for the three months ended September 30, 2024, increased by 3.4% to $126 million, while adjusted expenses decreased by 14.2% to $100 million[205]. - Transaction and integration costs decreased by $5 million during the nine months ended September 30, 2024, primarily due to costs related to previous acquisitions[212]. - Interest expense increased by $9 million in Q3 2024 compared to Q3 2023, primarily due to the issuance of senior notes[221]. - The company recognized $35 million in impairment charges related to property and equipment during Q3 2024[226]. - Other income (loss), net increased by $44 million in Q3 2024 compared to Q3 2023[228]. Market Performance - Comparable system-wide RevPAR increased by 3.0% to $146 for the three months ended September 30, 2024, compared to the same period in 2023[234]. - Occupancy rate for comparable system-wide hotels was 72.5% for the three months ended September 30, 2024, an increase of 1.3 percentage points from 2023[234]. - In Europe, RevPAR increased by 15.0% to $209, with an occupancy rate of 74.9% for the three months ended September 30, 2024[236]. - The increase in RevPAR during the three months ended September 30, 2024, was driven by strong ADR, particularly due to events like the Democratic National Convention and the Paris Summer Olympics[252]. Capital Expenditures and Investments - The company invested $119 million in capital expenditures during the nine months ended September 30, 2024[292]. - The company acquired the me and all hotels brand name for $28 million during the nine months ended September 30, 2024[292]. - Total capital expenditures for the nine months ended September 30, 2024, were $119 million, a decrease from $134 million in the same period of 2023[302]. Debt and Financial Position - The company's debt-to-total capital ratio was 45.9% as of September 30, 2024, compared to 46.2% as of December 31, 2023[300]. - The company had $101 million in letters of credit issued directly with financial institutions outstanding at September 30, 2024, down from $256 million at December 31, 2023[306]. - The company has no balance outstanding on its revolving credit facility as of September 30, 2024[305]. - The company continues to be exposed to market risks from changes in interest rates and foreign currency exchange rates, with no material changes reported as of September 30, 2024[309].

Financial Performance - Net Income for Q3 2024 was $471 million, with Adjusted Net Income at $96 million; Diluted EPS was $4.63 and Adjusted Diluted EPS was $0.94[1] - Full year Net Income is projected to be between $1,400 million and $1,450 million, with Adjusted EBITDA projected between $1,100 million and $1,120 million[1] - Total revenues for the three months ended September 30, 2024, were $1,629 million, compared to $1,622 million for the same period in 2023, reflecting a slight increase[20] - Net income for the three months ended September 30, 2024, was $471 million, significantly up from $68 million in the same period of 2023[20] - Earnings per diluted share for the three months ended September 30, 2024, were $4.63, compared to $0.63 for the same period in 2023[20] - For the three months ended September 30, 2024, net income attributable to Hyatt Hotels Corporation was $471 million, compared to $68 million in the same period of 2023, representing a significant increase of 594%[35] - Adjusted net income attributable to Hyatt Hotels Corporation for the three months ended September 30, 2024, was $96 million, up from $79 million in 2023, reflecting a 22% increase[35] - The diluted earnings per share for the third quarter of 2024 was $4.63, compared to $0.63 in the same quarter of 2023, marking a substantial increase of 638%[35] Revenue Metrics - Comparable system-wide hotels RevPAR increased by 3.0% year-over-year, while all-inclusive resorts Net Package RevPAR decreased by 0.9%[1] - System-wide RevPAR (Revenue per Available Room) for the three months ended September 30, 2024, was $146.18, a 3.0% increase compared to the same period in 2023[21] - System-wide hotels achieved a RevPAR of $142.85 in 2024, representing a 4.4% increase compared to 2023, with an occupancy rate of 70.3%, up 2.0 percentage points[22] - The Americas (excluding the United States) saw a RevPAR of $180.01, a 9.3% increase, with an occupancy rate of 70.1%, up 3.0 percentage points[22] - Greater China experienced a slight decline in RevPAR to $88.46, down 0.1%, with an occupancy rate of 69.7%, up 2.7 percentage points[22] - The Europe region reported a RevPAR of $171.36, a 12.1% increase, with an occupancy rate of 68.7%, up 3.8 percentage points[22] - System-wide all-inclusive resorts achieved a RevPAR of $245.47, a 4.8% increase, with an occupancy rate of 75.6%, up 1.2 percentage points[22] - The Composite Luxury segment reported a RevPAR of $200.17, a 4.1% increase, with an occupancy rate of 69.6%, up 1.4 percentage points[24] - The Andaz brand achieved a RevPAR of $226.82, a 6.9% increase, with an occupancy rate of 72.8%, up 3.9 percentage points[24] - The Park Hyatt brand reported a RevPAR of $253.46, an 8.0% increase, with an occupancy rate of 66.0%, up 2.6 percentage points[24] - Dreams Resorts & Spas achieved a RevPAR of $222.90, an 8.5% increase, with an occupancy rate of 74.7%, up 2.3 percentage points[26] Shareholder Returns - The Company repurchased approximately 4.5 million shares of common stock for an aggregate purchase price of $657 million[1] - Capital Returns to Shareholders for the full year is projected to be approximately $1,250 million[8] Operational Expansion - The pipeline of executed management or franchise contracts reached approximately 135,000 rooms, a 10% increase year-over-year[1] - 16 new hotels (2,589 rooms) were added to Hyatt's portfolio in Q3 2024, including notable openings like Alila Shanghai and Grand Hyatt Kunming[3] - The acquisition of Standard International was completed for approximately $150 million, with up to an additional $185 million in contingent consideration[4] - The company plans to continue its market expansion and integration of recent acquisitions, including Standard International, which closed on October 1, 2024[35] Liquidity and Cash Flow - Total liquidity as of September 30, 2024, was approximately $2.6 billion, including $1,134 million in cash and cash equivalents[6] - Free cash flow for the year ended December 31, 2024, is projected to be between $380 million and $410 million[43] Expenses and Costs - Hyatt's general and administrative expenses for the three months ended September 30, 2024, were $126 million, up from $122 million in the same period of 2023[20] - G&A expenses for Q3 2024 were $126 million, slightly up from $122 million in Q3 2023[31] - Adjusted G&A expenses decreased to $100 million in Q3 2024 from $118 million in Q3 2023[32] - Interest expense for Q3 2024 was $50 million, compared to $41 million in Q3 2023[29] - Depreciation and amortization for Q3 2024 was $81 million, down from $100 million in Q3 2023[29] - The company reported a provision for income taxes of $137 million in Q3 2024, compared to $33 million in Q3 2023[29] - Hyatt Hotels Corporation reported a decrease in overhead costs from $42 million in Q3 2023 to $36 million in Q3 2024, a reduction of 14%[35] Performance Metrics - Adjusted EBITDA for Q3 2024 was $275 million, up from $253 million in Q3 2023[29] - Adjusted EBITDA is a key performance measure for the company, assisting in consistent performance comparison across reporting periods[47] - Average Daily Rate (ADR) is a critical performance measure, reflecting the average room price attained, which influences overall revenue and profitability[56] - Comparable system-wide metrics include all properties managed or franchised, providing a basis for performance measurement across periods[58] - Net Package RevPAR combines Net Package ADR with occupancy rates, serving as an important indicator of hotel performance[62] - Adjusted G&A Expenses exclude deferred compensation and stock-based compensation, allowing for consistent performance comparisons[52] - Constant Dollar Currency analysis removes foreign exchange effects, providing a clearer view of operational performance across periods[59] - The company emphasizes the limitations of non-GAAP measures like Adjusted EBITDA and Free Cash Flow, using GAAP results for comprehensive performance evaluation[51]

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]

Financial Performance - Consolidated revenues decreased by $2 million for the quarter ended June 30, 2024, compared to the same quarter in 2023, while gross fee revenues increased by $29 million [176]. - Net income attributable to Hyatt Hotels Corporation for the quarter ended June 30, 2024, was $359 million, a $291 million increase from the same period in 2023 [180]. - Consolidated Adjusted EBITDA for the quarter ended June 30, 2024, was $307 million, an increase of $28 million compared to the same quarter in 2023 [180]. - For the six months ended June 30, 2024, net income attributable to Hyatt Hotels Corporation reached $881 million, up 598.8% from $126 million in 2023 [273]. - Adjusted EBITDA for the six months ended June 30, 2024, was $566 million, a slight increase of 2.3% compared to $553 million in the prior year [273]. - Income before income taxes increased to $462 million, a 391.4% increase compared to $95 million in the same period of 2023 [219]. - The provision for income taxes for the three months ended June 30, 2024, was $103 million, up from $27 million in the same period of 2023, reflecting a 294.7% increase [219]. Revenue Breakdown - Comparable system-wide hotels revenue per available room (RevPAR) for the quarter ended June 30, 2024, was $149, representing a 4.7% improvement compared to the same quarter in 2023 [177]. - Comparable system-wide all-inclusive resorts Net Package RevPAR for the quarter ended June 30, 2024, was $226, a 3.0% improvement compared to the same quarter in 2023 [178]. - Total segment revenues for the three months ended June 30, 2024, were $1,124 million, a 5.8% increase from $1,062 million in the same period of 2023 [221]. - Gross fees for the three months ended June 30, 2024, reached $288 million, representing a 10.1% increase from $262 million in the same period of 2023 [221]. - Comparable owned and leased revenues increased by $14 million (5.0%) to $303 million for the three months ended June 30, 2024, compared to $289 million in 2023 [189]. - Distribution revenues increased by $3 million for the three months ended June 30, 2024, primarily due to commission fee revenues related to Mr & Mrs Smith, offset by a decrease from ALG Vacations [191]. Expenses and Costs - General and administrative expenses decreased by $17 million (13.4%) to $117 million for the three months ended June 30, 2024, compared to $134 million in 2023 [197]. - Comparable owned and leased expenses increased by $8 million (3.4%) to $228 million for the three months ended June 30, 2024, compared to $220 million in 2023 [199]. - Distribution expenses increased by $8 million for the three months ended June 30, 2024, primarily driven by ALG Vacations due to an increase in variable costs [201]. - Reimbursed costs increased by $64 million (8.1%) to $853 million for the three months ended June 30, 2024, compared to $789 million in 2023 [205]. Shareholder Returns - The company returned $150 million to shareholders through $134 million in share repurchases and $16 million in dividends during the quarter [181]. - During the quarter ended June 30, 2024, the company returned $150 million of capital to stockholders through $134 million of share repurchases and $16 million of quarterly dividend payments [277]. Debt and Capital Management - Total debt increased to $3,885 million as of June 30, 2024, resulting in a total debt-to-total capital ratio of 50.2% [286]. - Net consolidated debt decreased to $1,928 million as of June 30, 2024, with a net debt-to-total capital ratio of 24.9% [286]. - The company issued the 2029 Notes and the 2034 Notes during the three months ended June 30, 2024, receiving $786 million in net proceeds for debt repayment and general corporate purposes [275]. - The company has realized $1,496 million of proceeds from the net disposition of owned assets as part of its commitment to achieve $2.0 billion by the end of 2024 [276]. Acquisitions and Investments - The company acquired Dream Hotel Group for $125 million in cash and Mr & Mrs Smith for approximately $72 million [285]. - The company issued senior notes and received approximately $786 million of net proceeds from the sale, after deducting $14 million of underwriting discounts and other offering expenses [285]. Market Performance - The number of comparable hotels for the three months ended June 30, 2024, was 1,094, with an occupancy rate of 72.9%, up 2.4 percentage points from 2023 [226]. - Occupancy rate for comparable system-wide all-inclusive resorts reached 74.0%, up 1.5 percentage points from 2023 [230]. - The company removed ten properties from comparable system-wide hotels results during the three months ended June 30, 2024 [229].

Hyatt Investor Deck SECOND QUARTER 2024 T H E L E G E N D P A R A C A S R E S O R T N E W L Y O P E N E D Q 2 2 0 2 4 H Y A T T A N D R E L A T E D M A R K S A R E T R A D E M A R K S O F H Y A T T C O R P O R A T I O N O R I T S A F F I L I A T E S . © 2 0 2 4 H Y A T T C O R P O R A T I O N . A L L R I G H T S R E S E R V E D . Disclaimers Forward-Looking Statements Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Pri ...

Exhibit 99.1 HYATT REPORTS SECOND QUARTER 2024 RESULTS CHICAGO (August 6, 2024) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported second quarter 2024 results. Highlights include: Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "We posted solid second quarter results demonstrating our differentiated positioning and continued momentum. System-wide RevPAR grew by 4.7% and net rooms growth was 4.6%, generating record gross fee revenue of $275 million in th ...

Financial Data and Key Metrics Changes - System-wide RevPAR increased by 5.5% in Q1 2024, with strong travel demand across all customer segments [5][19] - Gross fees reached a record $262 million, up 13% year-over-year, driven by RevPAR growth and an increase in non-RevPAR fees [20][24] - Total company adjusted EBITDA for the quarter was $252 million, reflecting a 3% increase when excluding transactions and foreign exchange impacts [23][24] Business Line Data and Key Metrics Changes - Leisure transient revenue increased by 7% in Q1 2024, while group room revenue rose approximately 6% [6][7] - Business transient revenue also saw a 6% increase, with April showing a 21% growth globally compared to 2023 [7][19] - Adjusted EBITDA for the management and franchising segment increased by approximately 10%, while the owned and leased segment saw a 9% decrease when adjusted for asset dispositions [21][22] Market Data and Key Metrics Changes - RevPAR growth in Asia-Pacific, excluding Greater China, was 21%, with Greater China seeing a 12% increase [19] - The Americas, excluding the U.S., experienced a 12% increase in RevPAR, driven by strong leisure demand in Mexico and the Caribbean [19] - In Europe, RevPAR increased by 10%, with all-inclusive properties showing a 25% growth in net package RevPAR [20] Company Strategy and Development Direction - The company aims to maintain an asset-light model, targeting over 80% fee-based earnings [16][30] - The development pipeline reached a record of approximately 129,000 rooms, a 10% year-over-year increase [10][11] - The collaboration with Peloton and the expansion of the World of Hyatt loyalty program are part of the strategy to enhance customer engagement and brand differentiation [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued strong demand across all customer segments, particularly in business transient and group bookings [16][66] - The company reaffirmed its full-year RevPAR growth outlook of 3% to 5%, with expectations for international markets to exceed the high end of this range [25][34] - Management noted that inflation and interest rates have not significantly impacted their higher-end customer base [68] Other Important Information - The company returned over $400 million to shareholders in Q1 2024, including share repurchases and dividends [24] - The loyalty program, World of Hyatt, grew by 22% year-over-year, reaching approximately 46 million members [7][9] - The company completed several asset sales, generating combined proceeds of $535 million at a 14.7 times multiple [14][15] Q&A Session Summary Question: Thoughts on asset sales and future appetite - Management indicated that they will continue to look for opportunities to sell high-quality assets but do not plan to set another targeted sell-down program [30][31] Question: RevPAR guidance and changes in China - Management reaffirmed the 3% to 5% RevPAR guidance, noting strong international results and a positive outlook for China, with increased inbound travel [34][35] Question: Clarification on ALG Vacations performance - Management explained that the headwinds faced by ALG Vacations were due to difficult comparisons from the previous year, but demand for their resorts remains strong [39][40] Question: Expectations for distribution segment margins - Management expects distribution margins to be within the range of 16% to 19% for the full year, with a flat outlook for the ALG Vacations business in the last three quarters [44] Question: Capital allocation strategy post-asset sales - Management reiterated their commitment to investing in the business while maintaining an investment-grade profile and returning excess cash to shareholders [47][56] Question: Update on Juniper Hotels stake - Management expressed satisfaction with the IPO of Juniper Hotels and indicated plans to eventually lighten their stake, with a strong outlook for growth in India [62][63]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34521 HYATT HOTELS CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction ...