earnings
confidence high
sentiment positive
materiality 0.75
Hyatt Q2 RevPAR up 4.7%, Adj. EBITDA $307M; guides FY RevPAR +3-4%
Hyatt Hotels Corp
2024-Q2 EPS reported
$8.42
revenue$3,417,000,000
- Net income $359M, diluted EPS $3.46; adjusted net income $158M, adj. diluted EPS $1.53
- Comparable system-wide RevPAR grew 4.7% YoY; all-inclusive Net Package RevPAR +3.0%
- Record gross fee revenue $275M; net rooms growth 4.6%; pipeline record 130k rooms (+9% YoY)
- Full-year RevPAR projected +3-4% (constant currency); Adj. EBITDA guidance $1.135-1.175B
- Share repurchases ~907k shares for $134M; capital returns guidance $800-850M for FY