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Stock impact report

Hyatt Hotels reports solid start to 2024 boosted by franchise growth [Yahoo! Finance]

Hyatt Hotels Corporation Class A (H) 
Last hyatt hotels corporation class a earnings: 2/19 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Revenue per available room (RevPAR) increased 5.5% year-over-year across comparable hotels within the Hyatt system. All-inclusive resorts performed even better, with net package RevPAR rising 11% compared to the first quarter of 2023. Net rooms also grew by 5.5%. Hyatt reported a net income of $522m, with adjusted net income reaching $75m. Earnings per share (EPS) adjusted for one-time factors came in at $0.71. Adjusted EBITDA [earnings before interest, taxation, depreciation and amortisation], a measure of profitability, reached $252m. Hyatt expects its full-year 2024 RevPAR to grow between 3% and 5%. Net income is projected to range between $1.135bn and $1.195bn. The company's adjusted EBITDA forecast of $1.15bn to $1.19bn remains in line with previous guidance after accounting for the impact of recent transactions. Hyatt also reiterated its commitment to returning between $800m and $850m to shareholders in 2024. The company's development pipeline continues to flourish, Show less Read more
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