- Hyatt reported 5.9 percent RevPAR growth in Q2.
- Luxury and upper-upscale chain scales led the growth.
- Hyatt’s pipeline grew 10 percent to 154,000 rooms.
HYATT HOTELS CORP. reported a 5.9 percent increase in comparable systemwide hotel RevPAR for the second quarter ended June 30. Growth was led by its luxury and upper-upscale chain scales.
Hyatt’s pipeline reached about 154,000 rooms, up 10 percent from the second quarter of 2025, the company said in a statement. Net income was $110 million, while adjusted net income totaled $108 million.
“Our strong second-quarter results reflect the continued strength of Hyatt’s differentiated portfolio and the deep engagement of our high-value guests around the world,” said Mark Hoplamazian, chairman, president and CEO. “The resilience of our core fee business enabled us to absorb temporary regional headwinds while maintaining our full-year outlook. Although we are taking a measured view on the timing of openings later this year, continued signing momentum and a high-quality development pipeline reinforce our confidence in Hyatt’s long-term growth model and value creation strategy.”
Hyatt opened 3,585 rooms during the quarter, while net rooms growth was 3.9 percent over the trailing 12 months. Excluding rooms from the Playa Hotels acquisition removed from Hyatt’s count in the second half of 2025, growth was 4.4 percent.
Diluted earnings per share were $1.14, while adjusted diluted earnings per share were $1.12. Gross fees rose 7.8 percent to $324 million and adjusted EBITDA increased 3.4 percent to $297 million, or 8.8 percent after adjusting for 2025 asset sales.
Hyatt maintained its full-year outlook, projecting comparable systemwide hotel RevPAR growth of 3.5 percent to 4.5 percent and net rooms growth of about 6 percent, the statement said.
Hyatt projects full-year net income of $250 million to $335 million and adjusted EBITDA of $1.155 billion to $1.205 billion. The EBITDA outlook represents growth of 13 percent to 18 percent after adjustments for the Playa Hotels acquisition and 2025 asset sales.
Hyatt expects to return $325 million to $375 million to shareholders through dividends and share repurchases. Its fee business helped offset regional pressures during the quarter.
Leisure transient and group RevPAR grew, while business transient RevPAR rose in the low single digits. Conflict in the Middle East reduced overall RevPAR growth by about 110 basis points.
Comparable systemwide all-inclusive resorts Net Package RevPAR declined 1.2 percent from the second quarter of 2025, reflecting softer demand, security concerns in Mexico and lower airlift to some destinations.
Base management fees rose 10.2 percent, driven by managed hotel RevPAR, U.S. growth and fees from the Playa Hotels acquisition. Hurricane Melissa partly offset the increase.
Incentive management fees rose 2.6 percent, driven by the Playa acquisition and Asia-Pacific growth. Lower fees in the Middle East, Mexico and Jamaica partly offset the increase.
Franchise and other fees rose 8.1 percent, driven by non-RevPAR fees and U.S. RevPAR growth. Fees recognized in 2025 from eight Hyatt Ziva and Hyatt Zilara properties in the Playa Hotels acquisition partly offset the increase.
Adjusted EBITDA in Hyatt’s owned and leased segment rose 16 percent after adjusting for 2025 asset sales. Distribution segment Adjusted EBITDA declined due to hotel closures in Jamaica and lower demand in Mexico.
In a separate development, Hyatt’s World of Hyatt was named the official hospitality sponsor of the Premier Lacrosse League and Women’s Lacrosse League for the 2026 season. The partnership gives Hyatt exclusive hospitality rights with both leagues.
