Skip to content

Search

Latest Stories

Hyatt posts Q3 net income of $471 million

Systemwide RevPAR increased 3 percent, with net rooms growth of 4.3 percent

Hyatt posts Q3 net income of $471 million

HYATT HOTELS CORP. reported a third-quarter net income of $471 million, with adjusted EBITDA of $275 million—an 8.9 percent increase over the same period last year. Systemwide RevPAR rose 3 percent year-over-year, and net rooms grew approximately 4.3 percent for the quarter.

“We reported solid third-quarter results, with gross fee revenues reaching $268 million,” said Mark S. Hoplamazian, president and CEO of Hyatt. “Our pipeline reached a record 135,000 rooms, up 10 percent year-over-year, and World of Hyatt membership expanded to 51 million members, growing 22 percent. Our capital strategy, including asset-disposition completion, the acquisition of Standard International, and a joint venture with Bahia Principe, reflects the strength of our asset-light model, leading to over $1.2 billion returned to shareholders through repurchases and dividends this year.”


Full-year projections indicate a 3 percent to 4 percent RevPAR increase for comparable systemwide hotels, with net income expected between $1.4 and $1.45 billion, Hyatt said in a statement. Adjusted EBITDA is projected to range from $1.1 to $1.12 billion.

Business and group travel demand

Management and franchising results showed strong demand for business transient and group travel in the U.S. while leisure demand was affected by renovations, weather, and increased outbound travel. In Europe, RevPAR rose 15 percent, driven by the Paris Olympics, while Asia-Pacific, excluding Greater China, saw a 10 percent increase due to continued outbound travel from Greater China.

Adjusted EBITDA for the quarter rose 13 percent, with comparable margins increasing 210 basis points, supported by high ADR during the Democratic National Convention in Chicago and the Paris Olympics. Third-quarter results reflected more seasonal booking patterns and impacts from hurricanes Beryl and Helene, partially offset by commissions and travel credits from Mr & Mrs Smith and ALG Vacations. Excluding the UVC transaction impact, adjusted EBITDA declined by $5 million.

Expanding pipeline

Around 16 hotels with 2,589 rooms joined Hyatt’s portfolio in the third quarter, including Alila Shanghai, Brunfels Hotel in the Unbound Collection, Grand Hyatt Kunming, and Park Hyatt Marrakech. Hyatt also added 13 outdoor resorts through an alliance with Under Canvas, bringing the pipeline to around 690 hotels with 135,000 rooms under executed management or franchise contracts as of Sept. 30.

With the Aug. 16 sale of Hyatt Regency Orlando and adjacent land, Hyatt surpassed its $2 billion asset-disposition target, realizing $2.6 billion in gross proceeds at a 13.3x multiple over three years. The company anticipates an asset-light earnings mix exceeding 80 percent by 2025.

On October 1, Hyatt acquired Standard International for $150 million, with potential additional consideration of up to $185 million. Later, on Oct. 28, Hyatt announced a joint venture with Grupo Piñero, investing $380.7 million for a 50 percent stake, with an additional $65.3 million contingent on specific conditions. This transaction, expected to close soon, will add 23 all-inclusive resorts with 12,000 rooms to Hyatt’s managed portfolio.

Since 2017, Hyatt’s global pipeline has grown by nearly 85 percent, reaching a record 129,000 rooms. Over this period, the company doubled its luxury rooms, tripled its resort rooms, and quintupled its lifestyle rooms.

More for you

U.S. Hotel Construction Hits 20-Quarter Low in June

CoStar: Hotel construction drops in June

Summary:

  • U.S. hotel rooms under construction fell year over year for the sixth straight month in June, hitting a 20-quarter low, CoStar reported.
  • About 138,922 rooms were under construction, down 11.9 percent from June 2024; the luxury segment had 6,443 rooms, up 4.1 percent year over year.
  • Lodging Econometrics recently said Dallas led all U.S. markets in hotel construction pipelines at the end of the first quarter, with 203 projects and 24,496 rooms.

THE NUMBER OF U.S. hotel rooms under construction declined year over year for the sixth straight month in June, reaching a 20-quarter low, according to CoStar. Additionally, more than half of all rooms under development are in the South, mostly outside the top 25 markets.

Keep ReadingShow less
U.S. travelers using mobile devices to book independent boutique hotel stays with personalized offers and smart tech in 2025

Study: Personalization boosts independent hotel bookings

Summary:

  • Around 95 percent of U.S. travelers are more likely to book independent hotels with personalized offers, according to TakeUp.
  • 59 percent plan more travel in 2025, with 78 percent favoring weekend getaways and 65 percent domestic trips.
  • Top booking deterrents are few reviews at 39 percent, unclear cleanliness or quality at 38 percent and inflexible cancellations at 29 percent.

PERSONALIZED OFFERS BASED on interests would make 95 percent of U.S. travelers more likely to book at an independent hotel, according to TakeUp, a revenue management platform for independent hotels. About 85 percent are open to technologies such as smart check-in, recommendations and AI-based pricing.

Keep ReadingShow less
Chart showing decline in U.S. extended-stay hotel occupancy and RevPAR in May 2025

Report: May fifth month for drop in extended-stay occupancy

Summary:

  • Extended-stay occupancy fell 2.2 percent in May, the fifth straight monthly decline; ADR and RevPAR also dropped for a second consecutive month.
  • May marked 44 straight months of supply growth for the segment at 4 percent or less, with annual growth below the 4.9 percent long-term average.
  • Extended-stay room revenues rose 0.5 percent, while total industry revenue grew 0.9 percent, led by segments with little extended-stay supply.

EXTENDED-STAY HOTEL occupancy fell 2.2 percent in May, the fifth consecutive monthly decline, exceeding the 0.7 percent drop reported for all hotels by STR/CoStar, according to The Highland Group. Extended-stay occupancy was 10.5 percentage points above the total hotel industry, at the lower end of the long-term average premium range.

Keep ReadingShow less
Auro Hotels Showcases India Culture at TCMU Exhibit

Auro unveils 'India Cultural Corner' for children

Summary:

  • Auro Hotels opened the India Cultural Corner, where children can check in and explore Indian culture at The Children's Museum of the Upstate.
  • Families can engage with community art, activities and storytelling about daily life in India.
  • The exhibit runs through May 2026, offering interactive learning on Indian culture.

AURO HOTELS RECENTLY opened the India Cultural Corner at The Children's Museum of the Upstate in Greenville, South Carolina, offering a look into Indian stories for American families. The exhibition, held at The Grand Geo Hotel and running through May 2026, includes a hotel desk where children can check in and explore Indian culture through interactive activities.

Keep ReadingShow less
U.S. Firms Lose $2.4 Trillion by Skimping on Business Travel

Report: Business travel gaps cost U.S. firms $2.4T

Summary:

  • U.S. companies risk losing more than $2.4 trillion in sales due to underinvestment in business travel, says GBTA.
  • An 8.3 percent T&E increase could drive a 6 percent sales gain, despite post-COVID virtual meeting tools.
  • Current T&E spending is $294 billion—$24 billion short of the $319.1 billion needed for peak profitability.

U.S. COMPANIES ARE missing more than $2.4 trillion in potential sales due to underinvestment in business travel, according to a Global Business Travel Association report. Despite a post-pandemic rebound, travel and entertainment spending remains $66 billion below 2019 levels.

Keep ReadingShow less