Hyatt reports Q1 adjusted EPS 71c, consensus 91c

Comparable system-wide hotels RevPAR increased 5.5% compared to the same period in 2023. Comparable system-wide all-inclusive resorts Net Package RevPAR increased 11.0% compared to the same period in 2023. Net Rooms Growth was approximately 5.5%. Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, “The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter. Our pipeline also reached a new record, expanding 10% year-over-year to 129,000 rooms, and we realized net rooms growth of 5.5%. World of Hyatt membership has grown by 22%, reaching a new record of 46 million members. Significant progress on asset dispositions is further expanding our asset-light earnings mix, reflecting our execution to permanently reduce owned real estate.”