Hyatt Hotels Corp

Latest Results (23.12.2024):

Revenue Performance

In the third quarter of 2024, Hyatt Hotels Corp reported a 3.0% increase in comparable system-wide hotels RevPAR compared to the same period in 2023. However, the comparable system-wide all-inclusive resorts Net Package RevPAR saw a slight decrease of 0.9% year-over-year. This performance reflects the company's ability to maintain growth in its hotel operations despite challenges in the all-inclusive segment.

Net Income and Earnings

Hyatt Hotels Corp achieved a net income of $471 million for the third quarter of 2024, with an adjusted net income of $96 million. The company's diluted earnings per share (EPS) stood at $4.63, while the adjusted diluted EPS was $0.94. These figures highlight the company's strong financial performance during the quarter.

Adjusted EBITDA

For the third quarter of 2024, Hyatt Hotels Corp reported an adjusted EBITDA of $275 million. This reflects a 15.1% increase compared to the same period in the previous year, showcasing the company's effective cost management and operational efficiency.

Share Repurchases and Dividends

During the third quarter of 2024, Hyatt Hotels Corp repurchased approximately 4.5 million shares of Class A and Class B common stock for a total of $657 million. Additionally, the company's board of directors declared a cash dividend of $0.15 per share for the fourth quarter of 2024, payable on December 6, 2024, to stockholders of record as of November 22, 2024.

2024 Financial Outlook

Hyatt Hotels Corp projects a full-year net income between $1,400 million and $1,450 million for 2024. The company also anticipates a full-year adjusted EBITDA ranging from $1,100 million to $1,120 million. Furthermore, the company expects to return approximately $1,250 million to shareholders through capital returns, including dividends and share repurchases.