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Hyatt Hotels (H)

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Earnings summaries and quarterly performance for Hyatt Hotels.

Research analysts who have asked questions during Hyatt Hotels earnings calls.

Conor Cunningham

Conor Cunningham

Melius Research

6 questions for H

Also covers: AAL, ABNB, ALGT +16 more
Duane Pfennigwerth

Duane Pfennigwerth

Evercore ISI

6 questions for H

Also covers: AAL, ALGT, ALK +18 more
MB

Michael Bellisario

Robert W. Baird & Co.

5 questions for H

Also covers: AHT, APLE, BHR +11 more
Richard Clarke

Richard Clarke

Bernstein

5 questions for H

Also covers: ABNB, HLT, IHG +2 more
SK

Shaun Kelley

Bank of America Merrill Lynch

5 questions for H

Also covers: BYD, CHDN, CHH +16 more
Stephen Grambling

Stephen Grambling

Morgan Stanley

5 questions for H

Also covers: BC, BYD, CHH +21 more
BC

Benjamin Chaiken

Mizuho Financial Group, Inc.

4 questions for H

Also covers: BYD, CCL, CHDN +14 more
Brandt Montour

Brandt Montour

Barclays PLC

4 questions for H

Also covers: BALY, BYD, CCL +23 more
CB

Chad Beynon

Macquarie

4 questions for H

Also covers: ACEL, AGS, AMC +30 more
DK

David Katz

Jefferies Financial Group Inc.

4 questions for H

Also covers: AGS, BALY, BYD +34 more
SR

Smedes Rose

Citigroup

4 questions for H

Also covers: ADC, DRH, EPR +16 more
PS

Patrick Scholes

Truist Financial Corporation

3 questions for H

Also covers: CCL, CHH, CUK +12 more
BC

Ben Chaiken

Mitsui

2 questions for H

Also covers: CCL, CHDN, DKNG +6 more
BR

Bennett Rose

Citigroup

2 questions for H

Also covers: ADC, DRH, EPR +8 more
CS

Charles Scholes

Not Disclosed

2 questions for H

Also covers: ABNB, CERT, CHH +8 more
MP

Meredith Prichard Jensen

HSBC

2 questions for H

Also covers: CHH, HLT, MAR +3 more
Steve Pizzella

Steve Pizzella

Deutsche Bank

2 questions for H

Also covers: ACEL, BYD, CZR +6 more
Alex Brignall

Alex Brignall

Rothschild & Co Redburn

1 question for H

Also covers: ABNB, CHH, IHG +2 more
C. Patrick Scholes

C. Patrick Scholes

Truist Securities

1 question for H

Also covers: CHH, HGV, MTN +3 more
DP

Daniel Politzer

Wells Fargo

1 question for H

Also covers: BYD, CCL, CHDN +20 more
JG

Joseph Greff

JPMorgan Chase & Co.

1 question for H

Also covers: BYD, CHH, CZR +10 more
Kevin Kopelman

Kevin Kopelman

TD Cowen

1 question for H

Also covers: ABNB, BKNG, DESP +3 more
PM

Patrick Montour

Barclays

1 question for H

Recent press releases and 8-K filings for H.

Hyatt Hotels Accelerates Essentials Portfolio Growth and Appoints New Leadership
H
New Projects/Investments
Management Change
Revenue Acceleration/Inflection
  • 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.
7 days ago
Hyatt Hotels Corporation Issues $400 Million Senior Notes
H
Debt Issuance
  • 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.
Nov 26, 2025, 9:11 PM
Hyatt Details Financing and Probable Disposition of Playa Portfolio
H
Debt Issuance
M&A
Earnings
  • 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.
Nov 17, 2025, 1:26 PM
Hyatt Reports Q3 2025 Results and Updates Full-Year 2025 Outlook
H
Earnings
Guidance Update
Share Buyback
  • 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.
Nov 6, 2025, 3:00 PM
Hyatt Reports Q3 2025 Results and Provides Full Year 2025 Outlook
H
Earnings
Guidance Update
Share Buyback
  • 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.
Nov 6, 2025, 3:00 PM
Hyatt Reports Q3 2025 Results and Updates Full-Year Guidance
H
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
  • Hyatt reported system-wide RevPAR growth of 0.3% for Q3 2025, with luxury brands and all-inclusive portfolios showing stronger performance, while group RevPAR declined 4.9%.
  • The company raised its full-year 2025 outlook for net rooms growth to 6.3%-7% and expects full-year adjusted EBITDA to be between $1.09 billion and $1.11 billion.
  • Hyatt increased its full-year 2025 capital returns outlook to approximately $350 million, partly due to a $47 million upfront cash payment from an amended agreement with Chase.
  • Adjusted EBITDA recognized by Hyatt related to the expanded Chase collaboration is expected to be $50 million in 2025, growing to $90 million in 2026, and $105 million in 2027.
  • The company anticipates continued strong organic growth, projecting 6%-7% net rooms growth again in 2026, and expects to be incrementally positive for RevPAR in the U.S. and globally in 2026.
Nov 6, 2025, 3:00 PM
Hyatt Reports Q3 2025 Results and Updates Full-Year Guidance
H
Earnings
Guidance Update
New Projects/Investments
  • For Q3 2025, Hyatt reported system-wide RevPAR growth of 0.3%, with all-inclusive net package RevPAR increasing 7.6% and Adjusted EBITDA reaching $291 million.
  • The company updated its full-year 2025 guidance, tightening the RevPAR range to 2%-2.5% and increasing the net rooms growth outlook to 6.3%-7%. Adjusted EBITDA is projected between $1.09 billion-$1.11 billion, and capital returns to shareholders are expected to be approximately $350 million.
  • Hyatt is progressing with its asset-light strategy, having sold a property for $22 million and expecting to close the sale of 14 additional hotels by year-end, aiming to exceed a 90% asset-led earnings mix.
  • The development pipeline grew to approximately 141,000 rooms, and the World of Hyatt loyalty program saw its membership increase by 20% year-over-year to over 61 million members.
Nov 6, 2025, 3:00 PM
Hyatt Reports Q3 2025 Results and Updates Full Year 2025 Outlook
H
Earnings
Guidance Update
M&A
  • Hyatt reported a Q3 2025 net loss of $(49) million and Adjusted Diluted EPS of $(0.30), with comparable system-wide hotels RevPAR increasing 0.3% compared to Q3 2024.
  • Adjusted EBITDA for Q3 2025 was $291 million, an increase of 5.6% over the prior year, or 10.1% after adjusting for assets sold in 2024.
  • For the full year 2025, the company projects consolidated Adjusted EBITDA between $1,160 million and $1,195 million and consolidated net income between $(54) million and $(35) million, including the impact of the Playa Hotels Acquisition.
  • The full year 2025 outlook also includes comparable system-wide hotels RevPAR growth of 2% to 2.5% and net rooms growth of 7% to 7.7% (including Playa impact).
  • Hyatt expects to return approximately $350 million in capital to shareholders in 2025 through dividends and share repurchases, and plans to close on the Playa Real Estate Transaction by year-end to repay the $1.7 billion delayed draw term loan.
Nov 6, 2025, 11:58 AM
Merko Ehitus Reports Q3 and 9-Month 2025 Results
H
Earnings
New Projects/Investments
Demand Weakening
  • Merko Ehitus reported Q3 2025 revenue of EUR 73.9 million and net profit of EUR 15.0 million, with 9-month revenue reaching EUR 241.8 million and net profit of EUR 36.7 million.
  • Despite a 36.1% decrease in 9-month revenue compared to the previous year, the company's net profit margin improved to 15.2% (from 11.8% in 9M 2024), partly due to an increased share of real estate development in sales revenue.
  • The company's financial position is strong, with negative net debt of EUR 8.0 million as of September 30, 2025, and a secured order book for external clients at a historical high of EUR 486.2 million.
  • In the first nine months of 2025, Merko Ehitus handed over 55% more apartments and commercial premises to buyers than in the same period last year, indicating a recovery in the real estate market.
Nov 6, 2025, 6:00 AM
Merko Ehitus Reports Q3 and 9-Month 2025 Results
H
Earnings
New Projects/Investments
  • Merko Ehitus reported Q3 2025 sales revenue of 73.9 million euros and a net profit of 15.0 million euros. For the first nine months of 2025, sales revenue was 241.8 million euros and net profit was 36.7 million euros.
  • Despite a 36.1% decrease in 9-month 2025 sales revenue compared to the previous year, the company's net profit margin improved to 15.2% (from 11.8% in 9M 2024).
  • The company handed over 315 apartments and three commercial premises in the first nine months of 2025, representing a 55% increase year-over-year.
  • Merko Ehitus's unexecuted construction services order backlog reached a historically high 486.2 million euros as of September 30, 2025, with 322.8 million euros in new contracts signed during the first nine months of 2025.
  • The company maintained a strong financial position with 34.3 million euros in cash and cash equivalents and negative net debt of 8.0 million euros as of September 30, 2025.
Nov 6, 2025, 6:00 AM