Hyatt Hotels Reports Q3 2026 Results and Updates Full-Year Guidance

Summary of Q3 2026 Results

Hyatt Hotels Corporation reported its financial and operating results for the third quarter ended September 30, 2026, under Item 2.02 and Item 7.01 of Form 8-K.

Key Financial & Operational Highlights

• RevPAR: Comparable system-wide hotels RevPAR increased 7.2% year-over-year in constant dollars, led by strong U.S. consumer demand (+8.2% in the U.S.). Comparable all-inclusive resorts Net Package RevPAR declined 2.5% due to softer demand in certain destinations in Mexico.
• Fee Revenue: Gross fees expanded 15.2% to $327 million, propelled by base management fee growth (+10.0%), incentive management fees (+21.9%), and franchise/other fees (+16.8%).
• Profitability: Net income attributable to Hyatt Hotels Corporation was $58 million ($0.60 per diluted share), with Adjusted Net Income of $122 million ($1.27 Adjusted Diluted EPS). Adjusted EBITDA rose 6.2% to $295 million (or +19% adjusted for 2025 asset sales).
• Net Rooms Growth & Pipeline: Trailing twelve-month net rooms growth was 3.8% (3.9% adjusted). The executed pipeline stood at approximately 158,000 rooms (+12.1% YoY).

Liquidity & Capital Returns

• Liquidity: Total liquidity stood at $1.8 billion as of September 30, 2026, including $495 million in cash, cash equivalents, and short-term investments, and $1,347 million in undrawn revolving credit facility capacity.
• Shareholder Returns: Hyatt repurchased 867,109 Class A shares for $147 million in Q3, bringing year-to-date capital returns to $336 million. Remaining share repurchase authorization totaled approximately $1.4 billion. The Board declared a quarterly cash dividend of $0.15 per share payable on December 7, 2026.

Full Year 2026 Outlook

• System-wide Hotels RevPAR Growth: 5.0% to 5.5%
• Net Rooms Growth: Approximately 6%
• Net Income: $240 million to $310 million
• Gross Fees: $1,320 million to $1,335 million (+10% to 11%)
• Adjusted EBITDA: $1,170 million to $1,200 million
• Adjusted Free Cash Flow: $580 million to $630 million
• Capital Returns: Increased to $375 million to $425 million