$H · Hyatt Hotels Corp
Hyatt Hotels reported Q3 2026 results with total revenues of $1.743B, GAAP diluted EPS of $0.60, and adjusted diluted EPS of $1.27. Gross fees grew 15.2% to $327M, driven by RevPAR gains and the Playa Hotels acquisition. Adjusted EBITDA reached $295M. The company raised its full-year 2026 Adjusted EBITDA guidance to $1.17B–$1.20B and increased capital return expectations to $375M–$425M.
- Comparable system-wide hotels RevPAR increased 7.2% YoY, with U.S. RevPAR up 8.2%
- Gross fees reached $327M, up 15.2% YoY, driven by base management (+10%), incentive (+21.9%), and franchise fees (+16.8%)
- Adjusted EBITDA was $295M, up 6.2% YoY, or +19% after adjusting for 2025 asset sales
- Adjusted diluted EPS of $1.27 vs. GAAP diluted EPS of $0.60; net income attributable to Hyatt was $58M
- Full-year 2026 Adjusted EBITDA guidance raised to $1.17B–$1.20B, representing 14%–17% growth vs. 2025 adjusted baseline
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Hyatt delivered broad-based operating momentum with 15% fee growth, raised guidance, and a record 158K-room pipeline — reinforcing its asset-light transition while returning up to $425M to shareholders.
Hyatt's 15.2% gross fee growth and 7.2% RevPAR increase outpace typical lodging-sector trends, with luxury and group travel leading. The 12.1% pipeline expansion to ~158K rooms signals continued share gains in the asset-light model against peers like Marriott and Hilton.
All-inclusive Net Package RevPAR declined 2.5% on lower Mexico demand; Distribution segment Adjusted EBITDA faces ~$30M full-year headwind from Mexico weakness and Hurricane Melissa closures. Asset impairments of $64M in Q3 (vs. $9M prior year) signal potential portfolio stress.