Comparable system-wide RevPAR increased 34.8% in Q4 and 60.2% for the full year of 2022, compared to 2021. Comparable owned and leased hotels RevPAR increased 41.7% in the fourth quarter and 87.6% for the full year of 2022, compared to 2021. Comparable owned and leased hotels operating margin improved to 27.9% in the fourth quarter and to 27.1% for the full year of 2022. All-inclusive Net Package RevPAR was $190.64 in the fourth quarter and $187.28 for the full year of 2022. CEO Mark Hoplamazian said, "Our results in Q4 mark the completion of a truly transformative year. We generated a record level of fees and free cash flow while leading the industry in organic growth for a sixth consecutive year. This outcome is a direct result of successfully executing on our asset-light growth strategy. We continue to experience positive momentum in the markets in which we operate and are optimistic about the year ahead."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on H:
- Hyatt downgraded to Equal Weight from Overweight at Wells Fargo
- Hyatt enters management agreement for Hotel Toranomon Hills in Japan
- Hyatt announces pipeline of 117,000 rooms worldwide as of year-end
- Hyatt opens Hyatt Regency Izmir IstinyePark in Turkey
- Morgan Stanley Says These 2 Travel and Leisure Stocks Are ‘Top Picks’ Heading Into 2023
