Financial Data and Key Metrics Changes - In Q4 2025, system-wide RevPAR increased by 4% year-over-year, driven by strong performance in luxury brands [5][16] - Gross fees for Q4 increased approximately 5% to $307 million, while full-year gross fees rose by 9% to $1.198 billion [17][19] - Adjusted EBITDA for the full year grew over 7% after adjusting for asset sales and the Playa transaction [18] Business Line Data and Key Metrics Changes - Leisure transient RevPAR increased by approximately 6%, with luxury brands seeing a 9% growth [6][7] - Business transient RevPAR declined by 1%, while group RevPAR increased by 3% [6] - The owned and leased segment adjusted EBITDA declined by approximately 2% due to asset sales [18] Market Data and Key Metrics Changes - Asia Pacific, excluding Greater China, led all regions with over 13% RevPAR growth, fueled by international inbound travel [16] - Greater China experienced mid-single-digit growth in domestic travel, marking a positive shift [16] - Europe showed strong results supported by high-end leisure demand, with all-inclusive resorts growing Net Package RevPAR by 8.3% [17] Company Strategy and Development Direction - The company is evolving into a more brand-focused organization, enhancing brand positioning and insights to attract guests and owners [5] - Hyatt achieved net rooms growth of 7.3% in 2025, with a record development pipeline of approximately 148,000 rooms [9][10] - The company aims to maintain an asset-light business model, expecting asset-light earnings of 90% in 2026 [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to create lasting value for shareholders, despite a dynamic macroeconomic environment [5][15] - For 2026, the company anticipates system-wide RevPAR growth between 1%-3%, with higher growth expected in international markets compared to the U.S. [21][22] - The company expects to return between $325 million and $375 million to shareholders through share repurchases and dividends [23] Other Important Information - The company sold the remaining 14 hotels in the Playa portfolio for approximately $2 billion, strengthening its position in luxury all-inclusive offerings [10][11] - The company is evaluating opportunities to sell additional assets beyond those already under contract [11] Q&A Session Summary Question: Net unit growth outlook and drivers - Management remains optimistic about net unit growth of 6%-7%, citing significant momentum in newly launched brands and a strong pipeline [27][29] Question: AI travel ranking system - Management is exploring intent-based search capabilities and has launched an app on ChatGPT to enhance customer engagement [37][39] Question: Relationship with OpenAI and monetization - The company has built private cloud-based infrastructure using various LLMs, enhancing group sales productivity and revenue [47][49] Question: Capital returns and deleveraging - Management expects to return to previous levels of cash flow conversion and is focused on maintaining an investment-grade profile while returning excess cash to shareholders [60][62] Question: Impact of Hurricane Melissa - The company has business interruption insurance claims related to Hurricane Melissa, which may offset some impacts [82]

Hyatt Hotels (NYSE:H) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Company ParticipantsAdam Rohman - SVP of Investor Relations and Global FP&AJoan Bottarini - CFOMark Hoplamazian - President and CEOConference Call ParticipantsBenjamin Chaiken - Managing Director and Senior Equity AnalystBrandt Montour - Senior Equity Research AnalystDaniel Politzer - Executive Director and Senior Equity Research AnalystElizabeth Dove - Equity Research AnalystRichard Clarke - Senior AnalystShaun Kelley - Managing Dire ...

Hyatt Hotels (NYSE:H) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Speaker7Good morning, and welcome to the Hyatt fourth quarter and full year 2025 earnings call. All participants are in a listen-only mode. After the speaker's remarks, we'll conduct a question-and-answer session. To ask a question at this time, you'll need to press star followed by the number 1 on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Adam Rohman, Senio ...

Investor Presentation FOURTH QUARTER 2025 Disclaimers Forward-Looking Statements Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about Hyatt Hotels Corporation's ("Hyatt," "the Company," "we,", "us,", or "our") plans, strategies, outlook, the number of properties we expect to open in the future, the expected timing and payment of divi ...

Core Insights - Chase Ultimate Rewards is highlighted as a leading transferable rewards currency, offering significant value for leisure travel through various airline and hotel loyalty programs [1][2][53] Earning and Redemption - Chase Ultimate Rewards points can be earned through multiple credit cards, with a focus on maximizing rewards by applying for new cards and meeting spending requirements [3][6] - The program allows for flexible point redemption options, including cash back, gift cards, and travel bookings, with points valued at approximately 2 cents each [24][53] Top Transfer Partners - Air Canada Aeroplan is noted for its value, offering a zone-based award chart and a generous stopover policy, making it a preferred choice for travelers [25][26][28] - World of Hyatt is recognized for its consistent value and published award chart, with points valued at 1.5 cents each, making it a top choice among hotel loyalty programs [29][31] - Virgin Atlantic Flying Club is highlighted for its partnership with ANA, providing excellent redemption rates for premium cabin travel, particularly for flights between the U.S. and Japan [48][50][52] Credit Card Offerings - The Chase Sapphire Preferred® Card offers a welcome bonus of 75,000 points after spending $5,000 in the first 3 months, with an annual fee of $95 [7][9] - The Chase Sapphire Reserve® Card provides a welcome bonus of 125,000 points after spending $6,000 in the first 3 months, with a higher annual fee of $795 but includes extensive travel benefits [13][14] - The Ink Business Preferred® Credit Card offers a welcome bonus of 90,000 points after spending $8,000 in the first 3 months, catering specifically to business owners [19][20]

Core Insights - Hyatt Hotels Corporation has opened the Secrets Mirabel Cancun Resort & Spa, enhancing its Secrets Resorts & Spas brand and expanding its presence in Latin America and the Caribbean [1][2] Location and Features - The resort is located eight miles from Cancun International Airport, offering stunning views of the Caribbean Sea and Nichupté Lagoon [2] - It features 487 rooms and suites designed with a modern coastal theme, providing views of the ocean, lagoon, or gardens [4] Culinary Offerings - Secrets Mirabel Cancun Resort & Spa includes eight restaurants serving diverse cuisines, along with six bars and lounges offering premium spirits [3] - Guests can enjoy unique dining experiences, including meals under the stars and interactive cocktail-making lessons [3] Amenities and Activities - The resort boasts six pools with ocean views, including exclusive pools for Preferred Club guests, and offers activities like agave journeys and Mexican cultural lessons [5] - An expansive spa will open later, featuring traditional Mayan treatments and a serene pool for relaxation [6] Event Facilities - The resort provides a 967-square foot pre-function foyer and a 2,800 square foot ballroom, suitable for various events, supported by dedicated event managers [7] Sustainability Initiatives - Secrets Mirabel Cancun Resort & Spa emphasizes sustainability through community impact programs, recycling efforts, and sourcing local culinary ingredients [8] Loyalty Program - World of Hyatt members can earn 500 Bonus Points for qualifying nights at the new resort as part of the New Hotels Bonus Offer [9]

Core Insights - Hyatt Hotels Corporation is expanding its partnership with Chase to enhance rewards for World of Hyatt cardmembers, aiming to grow and engage with loyal travelers [1][2] - The World of Hyatt loyalty program has over 60 million members and is the fastest-growing in the global hospitality industry, with a growth rate of nearly 30% per year since 2017 [2] Strategic Highlights - The partnership is expected to contribute approximately $50 million to adjusted EBITDA in 2025, increasing to around $105 million by 2027, along with $47 million in upfront cash in late 2025 [3] - The expansion is designed to drive additional stays at Hyatt properties from Chase cardmembers through Chase Travel and Chase Ultimate Rewards [6] Financial Performance - Hyatt's third-quarter earnings report indicates a 0.3% increase in comparable system-wide hotels RevPAR, with net rooms growth at 12.1% [7] - The company reported a net loss of $49 million, contrasting with a net income of $471 million in the previous year, while adjusted EBITDA rose by 5.6% to $291 million [7] Future Outlook - For the full year 2025, Hyatt projects comparable system-wide hotels RevPAR growth between 2% to 2.5%, net rooms growth of 6.3% to 7.0%, and net income between $70 million and $86 million [8] - Adjusted EBITDA is expected to be between $1,090 million and $1,110 million, reflecting a 7% to 9% increase after adjusting for assets sold in 2024, with capital returns to shareholders projected at approximately $350 million [8]

Core Insights - Hyatt Place Cancun Airport opens as the first Hyatt Place hotel in Quintana Roo, Mexico, marking the sixth Hyatt Place hotel in the country [1][7] - The hotel features 156 rooms and is designed to cater to both business and leisure travelers, providing a seamless experience close to Cancun International Airport [4][6] Hotel Features - The hotel offers 24/7 conveniences, including a complimentary airport shuttle, on-site parking, and proximity to local attractions such as Go Grand Outlet Riviera Maya and Xoximilco Cancun [2][3] - Guests can enjoy high ceilings, flexible workspaces, a 24-hour fitness center, and a nearly 50-foot outdoor swimming pool [3][4] Guest Amenities - Each guestroom includes Free Wi-Fi, a dedicated workspace, and a Cozy Corner sofa, with a modern color palette inspired by the local environment [4] - The hotel provides complimentary breakfast, a 24/7 market for grab-and-go items, and a lobby bar serving local cuisine and beverages [5] Future Developments - The opening of Hyatt Place Cancun Airport is part of a multi-deal collaboration with Parks Hospitality Holdings, with additional developments planned, including Park Hyatt Cancun in 2026 and Grand Hyatt Los Cabos in 2027 [7][12] - A ribbon-cutting ceremony is scheduled for November 26, 2025, to celebrate the hotel's official opening on November 12, 2025 [7] Loyalty Program - World of Hyatt members can earn an extra 500 Bonus Points for qualifying nights at Hyatt Place Cancun Airport for stays between November 12, 2025, and February 28, 2026 [8]

Group 1 - The article discusses the planning and booking process for a trip to Christmas markets in Europe, focusing on utilizing points and miles for travel expenses [1][27] - The destinations considered for the trip included southeast Germany and Strasbourg, with a final focus on France, Germany, and surrounding areas [2][3] - Flexibility in travel dates was crucial for finding award flight availability, especially during peak travel season [3][6] Group 2 - The booking process for business class flights involved using Delta SkyMiles and Chase Ultimate Rewards points, with a focus on transfer partners for better availability [6][8] - A flight from Chicago to Frankfurt was booked for 70,000 Air Canada Aeroplan points plus $56.98 in taxes and fees, highlighting the importance of timely point transfers [8][11] - The return flight from Zürich to New York was secured for 60,000 Aeroplan points plus $113.30 in taxes and fees, demonstrating effective use of points for international travel [11][27] Group 3 - Hotel accommodations were booked using points, including a stay at Kimpton Main Frankfurt for 58,765 Chase points, which would have cost $1,175 in cash [28][35] - In Stuttgart, three nights were booked at Le Meridien Stuttgart using Marriott free night certificates, which would have otherwise cost $830 [30][33] - A night at Park Hyatt Zürich was booked for 35,000 World of Hyatt points, valued at approximately $966.46, showcasing the value of points in luxury hotel stays [35][37] Group 4 - The total cost for the trip, including flights and hotel stays, amounted to $363.88 out of pocket, with a total cash value of over $7,300 if booked without points [27][38] - The article emphasizes the transformative power of points and miles in making expensive trips feasible, highlighting the real-life value beyond cash savings [38]

Financial Data and Key Metrics Changes - System-wide RevPAR growth was reported at 0.3% for the quarter, impacted by a holiday shift and lapping one-time events from the previous year [8][18] - Adjusted EBITDA for the third quarter was $291 million, in line with expectations, with owned and leased segment adjusted EBITDA increasing by 7% when adjusted for asset sales [20][21] - Total liquidity as of September 30, 2025, was approximately $2.2 billion, including $1.5 billion in capacity on a revolving credit facility [22] Business Line Data and Key Metrics Changes - Leisure transient RevPAR increased by 1.6% year-over-year, with luxury brands seeing an approximate 6% increase [8] - Business transient RevPAR was flat, but improved performance in the U.S. showed a 3% growth compared to last year [9] - Group RevPAR declined by 4.9%, in line with expectations due to difficult year-over-year comparisons [9] Market Data and Key Metrics Changes - RevPAR outside of the U.S. performed well, with Europe seeing positive growth driven by strong international inbound travel [18] - Greater China experienced RevPAR growth due to increases in leisure transient demand [19] - All-inclusive portfolio net package RevPAR grew by 7.6% compared to the third quarter of 2024, indicating strong demand for leisure travel [19] Company Strategy and Development Direction - The company aims to exceed a 90% asset-led earnings mix in the near term and has a strong development pipeline of approximately 141,000 rooms [11][12] - The introduction of new brands, such as Hyatt Select and Unscripted, is expected to drive organic growth and enhance the development pipeline [11][12] - The loyalty program, World of Hyatt, surpassed 61 million members, reflecting a 20% year-over-year increase, and is positioned as a strategic asset for driving customer engagement [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about forward-looking booking trends, particularly for group bookings in the U.S. and internationally [10][35] - The company anticipates average rates to increase in the low to mid-single digit range in 2026 compared to 2025 [10] - Management highlighted strong leisure demand, with October showing a 3% increase in the U.S. and 7% globally [77] Other Important Information - The company expects to incur approximately $50 million in restructuring charges this year, primarily recorded in the third quarter [17] - Adjusted G&A costs are expected to be moderately below full-year 2024 levels despite inflation and additional costs from acquisitions [17] - The company plans to return approximately $350 million to shareholders in 2025, inclusive of share repurchases and dividends [26] Q&A Session Summary Question: Insights on net rooms growth for 2026 - Management indicated strong organic growth momentum, expecting 6%-7% growth in net rooms for 2026 based on current trends [29][30] Question: Group pace expectations for 2026 - Management reported high single-digit growth in group pace for 2026, with strong bookings in October [34][36] Question: Clarification on G&A expectations - Management confirmed expectations for adjusted G&A in 2026 to be slightly down compared to 2024, driven by organizational efficiencies [39][40] Question: Capital returns and restructuring charges - Management explained that the increase in capital returns is linked to the new credit card agreement and restructuring charges factored into free cash flow [42][44] Question: Economic intensity of the Home Inns agreement - Management highlighted the successful partnership with Home Inns, focusing on quality and strategic growth in the Chinese market [50][51] Question: Cost initiatives and organizational changes - Management discussed the shift towards an insight-led and brand-focused organization, emphasizing efficiency and agility in operations [57][60] Question: RevPAR outlook for 2026 - Management expressed confidence in RevPAR growth driven by upcoming events and strong leisure demand, expecting positive results both in the U.S. and internationally [75][76]