EarningsQ2 2026 Earnings Report

Hyatt Hotels (1HTA) Q2 2026 Earnings Report

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Previous Report: Q1 2026

CH:1HTA Q2 2026 EPS Results

Actual EPSCHF0.93

Consensus EPSCHF0.76

Beat/MissBeat by +CHF0.17

One Year Ago EPSCHF0.57

CH:1HTA Q2 2026 Revenue Results

Actual RevenueCHF1.57B

Expected RevenueCHF1.51B

Beat/MissBeat by +CHF58.17M

YoY Revenue Growth+2.61%

Earnings Announcement Details

QuarterQ2 2026

Date07/30/2026

TimeBefore Open

Conference CallThursday, July 30, 2026

CH:1HTA Upcoming Earnings

Hyatt Hotels's next earnings date is estimated for October 29, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

CH:1HTA Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented multiple strong operational and financial achievements—RevPAR outperformance (5.9% system-wide, 6.7% U.S.), solid fee and EBITDA growth, a record development pipeline (+10% YoY to ~154k rooms), and significant loyalty program expansion (+17% to ~69M members). Management reiterated constructive full-year guidance and maintained robust capital-return targets and liquidity. Offsetting these positives were notable regional headwinds: a severe decline in the Middle East (RevPAR -36%), all-inclusive/Mexico impacts (net package RevPAR -1.2%) with an estimated combined negative fee impact (~$25M), distribution segment softness (expected ~$25M Y/Y decline), and timing risk from potential slippage of many Q4 openings into 2027. Overall, the operational momentum, fee-focused model, and balance sheet strength outweigh the temporary regional and timing challenges.

Company Guidance

Hyatt reiterated a full‑year outlook calling for system‑wide RevPAR growth of 3.5%–4.5% (U.S. RevPAR 3%–4%, international ex‑Middle East slightly above the U.S.), net rooms growth of ~6% (with over half of openings concentrated in 4Q and some risk of slippage into 2027), gross fees up 9%–11% to $1.305–$1.335 billion, adjusted EBITDA up 13%–18% to $1.155–$1.205 billion (including an assumed ~$25 million year‑over‑year decline in the Distribution segment), and adjusted free cash flow of $580–$630 million (up ~20%–30%, implying at least a 50% conversion of adjusted EBITDA to adjusted FCF); management also expects to return $325–$375 million to shareholders in 2026, sees a ~$10 million fee headwind from the Middle East and an incremental ~$15 million fee impact from Mexico versus prior outlook, and expects Q3 trends with global RevPAR toward the low end of the full‑year range, Q3 net‑package RevPAR moderately below last year, and Q3 gross fees growing in the high‑single‑digit range after the $30 million (sold assets) and $13 million (pro‑rata JV EBITDA) adjustments.

System-wide RevPAR Outperformance

System-wide RevPAR increased 5.9% year-over-year, exceeding expectations and driven by durable demand from high-end travelers and FIFA World Cup-related incremental demand (FIFA contributed ~70 bps of RevPAR growth).

Strong U.S. Performance

U.S. RevPAR rose 6.7% year-over-year, with leisure transient RevPAR up ~7% and business/group travel healthy (business transient RevPAR up ~2% and group RevPAR up >7%). FIFA host cities produced double-digit June growth (leisure transient +17% in U.S. host cities).

Fee and Adjusted EBITDA Growth

Gross fees increased 8% to $324 million. Second-quarter adjusted EBITDA (after adjusting for asset sales) rose approximately 9% year-over-year; owned and leased segment adjusted EBITDA increased ~16% (adjusted for asset sales).

Record Development Pipeline and Net Rooms Growth

Development pipeline reached ~154,000 rooms (up ~10% year-over-year). Net rooms grew 4.4% in the quarter (excluding Playa Hotels adjustments), and management expects full-year net rooms growth of ~6% with acceleration in openings in H2 (notably Q4).

Loyalty Program Expansion

World of Hyatt membership expanded to ~69 million members, up 17% year-over-year, with new partnerships (e.g., collaboration with Air Canada) to enhance member earning/redemption and network value.

Strong Financial Position & Capital Returns

Total liquidity of approximately $2.1 billion, including $1.5 billion of available revolver capacity. Year-to-date shareholder returns totaled ~$175 million (share repurchases and dividends), Q2 returns ~ $26 million, and $1.5 billion remains under the repurchase authorization. Full-year capital return target maintained at $325M–$375M.

Raised Full-Year RevPAR Outlook & Maintained Profit/Cashflow Guidance

Full-year system-wide RevPAR growth guidance increased to 3.5%–4.5% (U.S. RevPAR 3%–4%). Maintained full-year gross fees outlook of 9%–11% ($1.305B–$1.335B), adjusted EBITDA growth 13%–18% ($1.155B–$1.205B), and adjusted free cash flow $580M–$630M (implying 20%–30% growth).

Notable Openings and Geographic Expansion

Opened Miraval the Red Sea (first Miraval outside U.S.) and The Barai (first Unbound Collection in Thailand). Signed a master franchise agreement to bring Hyatt Select to mainland China with Dossen Group, supporting expansion in a key long-term market.

CH:1HTA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 29, 2026	2026 (Q3)	0.63 / -	-0.25	―
Jul 30, 2026	2026 (Q2)	0.76 / 0.93	0.566	64.71% (+0.37)
Apr 30, 2026	2026 (Q1)	0.47 / 0.52	0.383	36.96% (+0.14)
Feb 12, 2026	2025 (Q4)	0.31 / 1.11	0.35	216.67% (+0.76)
Nov 06, 2025	2025 (Q3)	0.38 / -0.25	0.782	-131.91% (-1.03)
Aug 07, 2025	2025 (Q2)	0.53 / 0.57	1.273	-55.56% (-0.71)
May 01, 2025	2025 (Q1)	0.27 / 0.38	0.591	-35.21% (-0.21)
Feb 13, 2025	2024 (Q4)	0.63 / 0.35	0.533	-34.38% (-0.18)
Oct 31, 2024	2024 (Q3)	0.80 / 0.78	0.583	34.29% (+0.20)
Aug 06, 2024	2024 (Q2)	0.81 / 1.27	0.682	86.59% (+0.59)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed