Hyatt Reports Third Quarter 2023 Results

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New Record Total Fee Revenue of $250 Million Pipeline Expands to New High of 123,000 Rooms

Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported third quarter 2023 financial results. Highlights include:

  • Net Income was $68 million in the third quarter of 2023 compared to $28 million in the third quarter of 2022. Adjusted net income was $75 million in the third quarter of 2023 compared to $72 million in the third quarter of 2022.

  • Diluted EPS was $0.63 in the third quarter of 2023 compared to $0.25 in the third quarter of 2022. Adjusted Diluted EPS was $0.70 in the third quarter of 2023 compared to $0.64 in the third quarter of 2022.

  • Adjusted EBITDA was $247 million in the third quarter of 2023 compared to $252 million in the third quarter of 2022.

    • Adjusted EBITDA does not include Net Deferrals and Net Financed Contracts of $35 million1 in the third quarter of 2023, and Net Deferrals and Net Financed Contracts of $43 million1 in the third quarter of 2022.

  • Comparable system-wide RevPAR increased 8.9% in the third quarter of 2023 compared to 2022.

  • Comparable owned and leased hotels RevPAR increased 6.3% in the third quarter of 2023 compared to 2022. Comparable owned and leased hotels operating margins were 23.5% in the third quarter of 2023.

  • Comparable All-inclusive Net Package RevPAR increased 8.6% in the third quarter of 2023 compared to 2022.

  • Net Rooms Growth was approximately 6.2% in the third quarter of 2023.

  • Pipeline of executed management or franchise contracts was approximately 123,000 rooms.

  • Share Repurchases were approximately 1.25 million Class A shares for $144 million in the third quarter of 2023.