Earnings summaries and quarterly performance for Hyatt Hotels.
Executive leadership at Hyatt Hotels.
Mark Hoplamazian
President and Chief Executive Officer
James Chu
Head of Owner Relations
Joan Bottarini
Executive Vice President, Chief Financial Officer
Margaret Egan
Executive Vice President, General Counsel and Secretary
Mark Vondrasek
Executive Vice President, Chief Commercial Officer
Thomas Pritzker
Executive Chairman
Board of directors at Hyatt Hotels.
Research analysts who have asked questions during Hyatt Hotels earnings calls.
Conor Cunningham
Melius Research
6 questions for H
Duane Pfennigwerth
Evercore ISI
6 questions for H
Michael Bellisario
Robert W. Baird & Co.
5 questions for H
Richard Clarke
Bernstein
5 questions for H
Shaun Kelley
Bank of America Merrill Lynch
5 questions for H
Stephen Grambling
Morgan Stanley
5 questions for H
Benjamin Chaiken
Mizuho Financial Group, Inc.
4 questions for H
Brandt Montour
Barclays PLC
4 questions for H
Chad Beynon
Macquarie
4 questions for H
David Katz
Jefferies Financial Group Inc.
4 questions for H
Smedes Rose
Citigroup
4 questions for H
Patrick Scholes
Truist Financial Corporation
3 questions for H
Ben Chaiken
Mitsui
2 questions for H
Bennett Rose
Citigroup
2 questions for H
Charles Scholes
Not Disclosed
2 questions for H
Meredith Prichard Jensen
HSBC
2 questions for H
Steve Pizzella
Deutsche Bank
2 questions for H
Alex Brignall
Rothschild & Co Redburn
1 question for H
C. Patrick Scholes
Truist Securities
1 question for H
Daniel Politzer
Wells Fargo
1 question for H
Joseph Greff
JPMorgan Chase & Co.
1 question for H
Kevin Kopelman
TD Cowen
1 question for H
Patrick Montour
Barclays
1 question for H
Recent press releases and 8-K filings for H.
- Hyatt concluded 2025 with a record development pipeline of roughly 148,000 rooms, marking a 7% increase from 2024 and positioning the company for significant growth momentum in 2026.
- The company achieved its highest number of U.S. room signings in five years, with signings rising approximately 30% and over 80% of the U.S. pipeline consisting of new-build projects.
- The World of Hyatt loyalty program now exceeds 63 million members, with members staying 62% more nights and spending 93% more than non-members, highlighting its material revenue uplift.
- Hyatt also saw strong Asia Pacific expansion, including a more than 50% rise in its Essentials pipeline in Greater China and sizeable increases in India and Indonesia.
- Hyatt Hotels Corporation concluded 2025 with a record global pipeline of approximately 148,000 rooms, marking a 7% increase compared to 2024 and representing about 40% of its total room base.
- In the U.S., Hyatt achieved its highest number of room signings in five years, increasing by 30% compared to 2024, with over 80% of the U.S. pipeline being new builds.
- The company experienced strong growth in Asia Pacific, with room signings increasing by nearly 90% in India and 46% in Indonesia, and the Essentials portfolio pipeline in Greater China growing by more than 50% compared to 2024.
- New brands, including Unscripted by Hyatt, Hyatt Select, and Hyatt Studios, accounted for over 65% of all new U.S. deals in 2025.
- Hyatt completed the sale of its Playa Hotels & Resorts real estate portfolio to Tortuga Resorts for approximately $2 billion on December 30, 2025.
- As part of the transaction, Hyatt retained long-term management agreements for the majority of the properties, allowing them to continue operating under Hyatt Inclusive Collection brands and transitioning the company to a more asset-light, fee-based business model.
- Hyatt retained $200 million in preferred equity and may receive up to $143 million in contingent consideration from the deal, with freed capital intended for debt repayment.
- The company warned of near-term earnings pressure and cut its 2025 Adjusted EBITDA outlook following the transaction.
- Hyatt Hotels Corporation completed the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. to Tortuga Resorts for a total of $2.0 billion.
- The transaction, which closed on December 30, 2025, involved the sale of 14 properties to Tortuga and one property previously sold to a third party.
- Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met and has retained $200 million of preferred equity in Tortuga.
- Concurrent with the sale, Hyatt and Tortuga entered into 50-year management agreements for 13 of the 14 properties, supporting Hyatt's asset-light business model.
- Hyatt updated its 2025 full-year outlook, decreasing the Adjusted EBITDA outlook for Playa by $10 million due to Hurricane Melissa and expecting its own Adjusted EBITDA (excluding Playa) to be at the low end of the $1,090 million to $1,110 million range.
- Hyatt Hotels Corporation completed the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. to Tortuga Resorts for approximately $2 billion.
- The transaction includes a potential additional $143 million earnout and $200 million of retained preferred equity in Tortuga.
- This sale of 15 all-inclusive properties reinforces Hyatt's asset-light business model, with proceeds used to repay debt and maintain its investment-grade credit profile.
- Concurrent with the sale, 50-year management agreements were established for 13 of the 14 properties.
- Separately, seven Hyatt properties in Jamaica are projected to remain closed until Q4 2026 following damage from Hurricane Melissa in October 2025.
- Hyatt Hotels is accelerating the momentum of its Essentials portfolio, signing more than 20 new Hyatt Select deals this year and reaching 70 total hotel deals for the Hyatt Studios brand since its launch.
- Jason Ballard has been appointed Global Brand Leader – Essentials to steer the anticipated next phase of exponential growth for the portfolio.
- Half of Hyatt’s executed 2025 U.S. Essentials portfolio deals are in new markets, reflecting strong interest from developers and expanding Hyatt's network.
- The World of Hyatt loyalty program generated more than 900,000 nights across Hyatt Place, Hyatt House, and Hyatt Studios hotels in 2025, demonstrating strong conversion from loyalty engagement to demand.
- Hyatt Hotels Corporation issued and sold $400,000,000 of its 5.400% Senior Notes due 2035 on November 26, 2025.
- The company received approximately $396.2 million in net proceeds from the offering.
- These net proceeds are intended to repay all of the 4.850% notes due 2026 and for general corporate purposes.
- The Notes bear an interest rate of 5.400% per annum, payable semi-annually on June 15 and December 15, commencing June 15, 2026, and will mature on December 15, 2035.
- The Notes rank equally with the company's other existing and future unsecured unsubordinated indebtedness but are structurally subordinated to the liabilities of its subsidiaries.
- Hyatt issued $1 billion in Senior Notes in March 2025, comprising $500 million of 5.050% senior notes due 2028 and $500 million of 5.750% senior notes due 2032, with net proceeds of approximately $990 million used for the Playa Acquisition.
- The company entered into a definitive agreement on June 29, 2025, to sell the entire Playa Portfolio for $2,000 million, including a $200 million preferred equity investment and potential additional contingent consideration of up to $143 million. One property from this portfolio was sold on September 18, 2025, for $22 million (net).
- For the nine months ended September 30, 2025, Hyatt reported a pro forma combined net loss attributable to Hyatt Hotels Corporation of $(105) million. In contrast, for the year ended December 31, 2024, the pro forma combined net income attributable to Hyatt Hotels Corporation was $367 million.
- As of September 30, 2025, the pro forma combined total assets were $13,902 million, and total liabilities were $10,108 million.
- Hyatt reported Q3 2025 Adjusted EBITDA of $291 million and RevPAR growth of 0.3% compared to last year, with U.S. RevPAR declining by 1.6%.
- The company updated its full-year 2025 outlook, projecting Adjusted EBITDA between $1.09 billion and $1.11 billion, RevPAR growth between 2% and 2.5%, and adjusted free cash flow of $475-$525 million.
- Net rooms growth for full-year 2025 is expected to be 6.3%-7%, and the development pipeline grew over 4% to approximately 141,000 rooms.
- For 2026, Hyatt anticipates incremental positive RevPAR growth globally and in the U.S., with adjusted G&A expected to be moderately below full year 2024.
- During Q3 2025, Hyatt repurchased approximately $30 million of Class A common stock, with $792 million remaining under authorization. The World of Hyatt loyalty program membership increased 20% year-over-year to over 61 million.
- For Q3 2025, Hyatt reported a Net Income (Loss) of $(49)M and Diluted EPS of $(0.51), with Adjusted EBITDA of $291M and Gross Fees of $283M.
- Operational highlights for Q3 2025 included +0.3% System-Wide Hotels RevPAR Growth and +12.1% Net Rooms Growth (+7.0% excluding acquisitions).
- The full-year 2025 outlook (excluding the impact of Playa) projects System-wide Hotels RevPAR Growth of 2% to 2.5%, Net Rooms Growth of 6.3% to 7%, Gross Fees of $1,195M to $1,205M, and Adjusted EBITDA of $1,090M to $1,110M.
- As of September 30, 2025, the World of Hyatt program reached ~61 million members, marking a 20% year-over-year growth.
- Hyatt maintains a commitment to shareholder returns, with a $0.15 quarterly dividend and $222M in year-to-date share repurchases, alongside a $792M share repurchase authorization.
Quarterly earnings call transcripts for Hyatt Hotels.
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