Patrick Montour's questions to Hyatt Hotels Corp (H) leadership • Q3 2024
Question
Patrick Montour from Barclays asked for clarification on whether the 6% gross unit growth outlook includes standard conversions and requested details on the price versus occupancy mix for the strong Q1 transient booking pace.
Answer
President and CEO Mark Hoplamazian clarified that the 6% growth outlook does include 'run of the mill' single-asset conversions but excludes large portfolio deals. Regarding Q1 pace, he stated that ADRs were flat to slightly up, meaning that the strong revenue growth was primarily driven by increased occupancy, which provides good visibility, especially in the all-inclusive segment.