CHICAGO, Illinois—Hyatt Hotels Corporation reported its fourth-quarter and full-year 2025 outcomes. Highlights embody:
- Comparable system-wide lodges RevPAR progress was 4.0 % within the fourth quarter and a pair of.9 % for the complete 12 months of 2025, in comparison with the identical intervals in 2024
- Comparable system-wide all-inclusive resorts Web Package deal RevPAR progress was 8.3 % within the fourth quarter and eight.6 % for the complete 12 months of 2025, in comparison with the identical intervals in 2024
- Web rooms progress was 7.3 % for the complete 12 months of 2025, and internet rooms progress excluding acquisitions was 6.7 %.
- Pipeline of executed administration and franchise contracts was roughly 148,000 rooms, up 7 % in comparison with 2024
- Web revenue (loss) attributable to Hyatt Motels Company was $(20) million within the fourth quarter and $(52) million for the complete 12 months of 2025. Adjusted Web Revenue was $126 million within the fourth quarter and $209 million for the complete 12 months of 2025
In the course of the first quarter of 2026, the corporate adjusted its definition of Adjusted EBITDA and can now not embody Hyatt’s professional rata share of unconsolidated owned and leased hospitality ventures’ Adjusted EBITDA
Diluted EPS was $(0.21) within the fourth quarter and $(0.55) for the complete 12 months of 2025. Adjusted Diluted EPS was $1.33 within the fourth quarter and $2.19 for the complete 12 months of 2025
Gross charges have been $307 million within the fourth quarter, a rise of 4.5 % in comparison with the fourth quarter of 2024, and $1,198 million for the complete 12 months of 2025, a rise of 9.0 % in comparison with the complete 12 months of 2024
Adjusted EBITDA was $292 million within the fourth quarter, a rise of 14.6 % in comparison with the fourth quarter of 2024, or a rise of three.8 % after adjusting for property offered in 2024 and the Playa Motels Acquisition. Full 12 months 2025 Adjusted EBITDA was $1,159 million, a rise of 5.8 % in comparison with the complete 12 months of 2024, or a rise of seven.4 % after adjusting for property offered in 2024 and the Playa Motels Acquisition.
Assertion from Mark S. Hoplamazian
Mark S. Hoplamazian, president and chief govt officer of Hyatt, stated, “We ended 2025 with nice momentum, marked by sturdy execution in opposition to our strategic priorities and continued progress towards changing into a extra brand-focused group. We achieved distinctive business and working efficiency in 2025 and expanded our portfolio and community impact by way of disciplined transactions and powerful natural progress.”
Hoplamazian continued, “As we glance to the long run, we’re centered on accelerating this momentum by additional advancing the evolution of our manufacturers, our expertise, and our use of know-how. Collectively, we consider these priorities will place Hyatt to turn out to be essentially the most responsive, most progressive, and best-performing hospitality firm—and finally, essentially the most chosen by our stakeholders.”
Fourth Quarter Operational Commentary
- RevPAR progress within the fourth quarter was highest amongst Luxurious and Higher Upscale chain scales. Leisure transient continued to be the strongest buyer section, whereas group additionally had a robust quarter, helped by the timing of the Rosh Hashanah vacation, which occurred within the third quarter of 2025 in comparison with the fourth quarter of 2024.
- Web Package deal RevPAR elevated 8.3 % within the fourth quarter in comparison with the identical interval in 2024.
- Gross charges elevated 4.5 % within the fourth quarter in comparison with the identical interval in 2024, or 5.4 % excluding the impression of the Playa Motels Acquisition.
- Base administration charges: elevated 8.1 % from the contribution of newly-opened lodges and managed lodge RevPAR progress outdoors of the USA.
- Incentive administration charges: elevated 13.0 %, led by newly-opened lodges, lodge efficiency in Asia Pacific, and all-inclusive lodge efficiency in Europe.
- Franchise and different charges: decreased 3.8 % as a result of elimination of franchise charges from the 8 Hyatt Ziva and Hyatt Zilara properties that have been a part of the Playa Motels Acquisition and decrease demand at choose service properties in the USA, partially offset by charges from newly opened lodges.
- Owned and leased section Adjusted EBITDA declined 1.5 % within the fourth quarter in comparison with the fourth quarter of 2024 after adjusting for property offered in 2024 and the interval of possession of the lodges acquired as a part of the Playa Motels Acquisition as a consequence of renovations at sure properties.
- Distribution section Adjusted EBITDA declined within the fourth quarter in comparison with the fourth quarter of 2024 as a result of impression of Hurricane Melissa and decrease reserving volumes in four-star and beneath properties.
Openings and Improvement
- In the course of the fourth quarter, the corporate opened 8,253 rooms, together with Park Hyatt Cabo del Sol, marking Hyatt’s first Park Hyatt lodge in Mexico; Andaz One Bangkok, which opened as a part of the One Bangkok mixed-use improvement; and Hyatt Studios Huntsville.
- In 2025, the corporate had pipeline progress of seven % in comparison with 2024. 2025 signings in the USA have been up roughly 30 % over 2024, together with greater than 25 Hyatt Choose offers signed throughout the 12 months, and the pipeline of Hyatt Studios properties grew to roughly 70 since saying the model in 2023. The pipeline in Asia Pacific elevated by 7 % in comparison with 2024, with sturdy signing exercise in Higher China and India.
Transactions
In the course of the fourth quarter, the corporate:
- Closed on the sale of Alua Atlántico Golf Resort, Alua Tenerife, and AluaSoul Orotava Valley for a gross buy worth of roughly $140 million and entered into long-term administration agreements for every property. Web proceeds have been used to repay a portion of the $1.7 billion delayed draw time period mortgage used to finance a portion of the Playa Motels Acquisition.
- Accomplished the Playa Actual Property Transaction and used the proceeds to repay the quantities excellent below the $1.7 billion delayed draw time period mortgage, which was terminated upon reimbursement. The corporate entered into 50-year administration agreements for 13 of the 14 properties. The Playa Actual Property Transaction fulfilled Hyatt’s dedication introduced on February 10, 2025, to promote at the least $2 billion of actual property.
Steadiness Sheet and Liquidity
As of December 31, 2025, the corporate reported the next:
- Whole debt of $4.3 billion.
- Whole liquidity of $2.3 billion, inclusive of:
- $813 million of money and money equivalents, and short-term investments, and
- $1,497 million of borrowing capability below Hyatt’s revolving credit score facility, internet of letters of credit score excellent.
- Whole remaining share repurchase authorization of $678 million. The corporate repurchased $114 million of Class A standard inventory throughout the fourth quarter and repurchased a complete of $293 million of Class A standard inventory for the complete 12 months of 2025.
- The corporate’s board of administrators has declared a money dividend of $0.15 per share for the primary quarter of 2026. The dividend is payable on March 12, 2026, to Class A and Class B stockholders of file as of March 2, 2026.
