CHICAGO, Illinois—Hyatt Hotels Corporation reported its third-quarter 2025 outcomes. Highlights embody:
- Comparable system-wide motels RevPAR elevated 0.3 p.c, in comparison with the third quarter of 2024.
- Internet rooms development was 12.1 p.c, and web rooms development excluding acquisitions was 7.0 p.c.
- Internet revenue (loss) attributable to Hyatt Inns Company was $(49) million, and Adjusted Internet Earnings (Loss) was $(29) million.
- Diluted EPS was $(0.51) and Adjusted Diluted EPS was $(0.30).
- Gross charges had been $283 million, a rise of 5.9 p.c, in comparison with the third quarter of 2024.
- Adjusted EBITDA was $291 million, a rise of 5.6 p.c, in comparison with the third quarter of 2024, or a rise of 10.1 p.c after adjusting for property offered in 2024.
- The pipeline of executed administration or franchise contracts was roughly 141,000 rooms, a rise of 4.4 p.c, in comparison with the third quarter of 2024.
- Full 12 months 2025 Outlook: The next metrics don’t embody the affect of the Playa Inns Acquisition and the pending Playa Actual Property Transaction.
- Comparable system-wide motels RevPAR development is projected between 2 p.c to 2.5 p.c, in comparison with the total yr 2024.
- Internet rooms development excluding acquisitions is projected between 6.3 p.c to 7.0 p.c, in comparison with the total yr 2024.
- Internet revenue is projected between $70 million and $86 million.
- Adjusted EBITDA is projected between $1,090 million and $1,110 million, a rise of seven p.c to 9 p.c after adjusting for property. offered in 2024, in comparison with the total yr 2024.
- Capital returns to shareholders are projected to be roughly $350 million, by means of a mix of dividends and share repurchases.
Subsequent to the tip of the third quarter, the corporate introduced an expanded settlement with Chase that rewards World of Hyatt cardmembers for stays throughout Hyatt’s international portfolio. The affect to Adjusted EBITDA associated to the economics of the bank card packages and comparable third-party relationships is anticipated to greater than double from 2025 to 2027, with anticipated continued development in future years.
Mark S. Hoplamazian, president and chief government officer of Hyatt, mentioned, “Our third quarter outcomes replicate the energy of our core charge enterprise and our disciplined strategy to price administration. As we proceed our evolution to a brand-led group, we’re targeted on elevating visitor experiences, deepening buyer loyalty by means of World of Hyatt, and increasing into high-growth segments and geographies. Wanting into the fourth quarter and past, we consider our high-end buyer base, sturdy pipeline with vital white house for development, and quickly increasing loyalty program place us to drive sustained development and create long-term worth for our shareholders.”
Third Quarter Operational Commentary
- Luxurious chain scales drove RevPAR development within the third quarter. Leisure transient RevPAR was the strongest space of development, whereas group RevPAR development was negatively impacted by roughly 100 bps because of the timing of the Rosh Hashanah vacation, which occurred within the third quarter this yr, in comparison with the fourth quarter final yr.
- Internet Bundle RevPAR elevated 7.6 p.c within the third quarter in comparison with the third quarter final yr.
- Gross charges elevated 5.9 p.c within the quarter, in comparison with the third quarter final yr or 6.3 p.c excluding the affect of the Playa Inns Acquisition.
- Base administration charges: elevated 10 p.c, pushed by managed lodge RevPAR development exterior of the USA and the contribution of newly-opened motels.
- Incentive administration charges: grew 2 p.c, led by newly-opened motels and lodge efficiency in Asia Pacific excluding Better China.
- Franchise and different charges: expanded 4 p.c, attributable to non-RevPAR charge contributions and newly-opened motels, offset by the elimination of charges from the 8 Hyatt Ziva and Hyatt Zilara properties that had been a part of the Playa Inns Acquisition.
- Owned and leased phase Adjusted EBITDA elevated 7 p.c, in comparison with the third quarter of 2024, after adjusting for property offered in 2024 and the affect of the Playa Inns Acquisition. Comparable owned and leased margin decreased by 40 bps within the third quarter, in comparison with the identical interval in 2024.
- Distribution phase Adjusted EBITDA declined in comparison with the third quarter of 2024, attributable to decrease reserving volumes and the lapping of a one-time profit from ALG Holidays journey credit final yr, which was not offset by larger pricing and efficient price administration.
Openings and Growth
Throughout the third quarter, the corporate:
- Opened 5,163 rooms. Notable openings included:
- Park Hyatt Kuala Lumpur within the tallest skyscraper in Asia Pacific, Park Hyatt Johannesburg, Secrets and techniques Playa Esmeralda Resort and Spa in Punta Cana, and Hyatt Regency Instances Sq., the primary Hyatt Regency property in Manhattan.
- Introduced a brand new grasp franchise settlement with HomeInns Lodge Group. Below this settlement, HomeInns Lodge Group plans to open 50 Hyatt Studios-branded motels over the subsequent a number of years and develop a pipeline to gas future development throughout China.
Transactions
The corporate has offered the next updates on the Playa Actual Property Transaction and the 15 properties acquired from the Playa Inns Acquisition:
- Hyatt expects to shut on the Playa Actual Property Transaction to promote 14 properties by the tip of the yr and use the proceeds to repay the quantities excellent underneath the $1.7 billion delayed draw time period mortgage used to finance a portion of the Playa Inns Acquisition. Concurrent with the sale, the corporate will enter into 50-year administration agreements for 13 of the 14 properties. The remaining property is topic to a separate contractual association.
- On September 18, 2025, one property in Playa del Carmen was offered to a separate third-party purchaser for about $22 million. Internet proceeds of the sale had been used to repay a portion of the delayed draw time period mortgage.
Steadiness Sheet and Liquidity
As of September 30, 2025, the corporate reported the next:
- Complete debt of $6.0 billion, inclusive of the $1.7 billion delayed draw time period mortgage facility.
- Complete liquidity of $2.2 billion, inclusive of:
- $749 million of money and money equivalents, short-term investments, and
- $1,497 million of borrowing capability underneath Hyatt’s revolving credit score facility, web of letters of credit score excellent.
- Complete remaining share repurchase authorization of $792 million. The corporate repurchased $30 million of Class A typical inventory in the course of the third quarter.
- The corporate’s board of administrators has declared a money dividend of $0.15 per share for the fourth quarter of 2025. The dividend is payable on December 8, 2025, to Class A and Class B stockholders of document as of November 24, 2025.
