Hyatt reports Q2 adjusted EPS 82c, consensus 86c

Reports Q2 revenue $1.71B, consensus $1.68B. Comparable system-wide RevPAR increased 15.0% in the second quarter of 2023 compared to 2022. Comparable owned and leased hotels RevPAR increased 10.1% in the second quarter of 2023 compared to 2022. Comparable owned and leased hotels operating margins were 26.2% in the second quarter of 2023. Comparable All-inclusive Net Package RevPAR increased 9.5% in the second quarter of 2023 compared to 2022. Net Rooms Growth was approximately 6.9% in the second quarter of 2023. Pipeline of executed management or franchise contracts was approximately 119,000 rooms.