CHICAGO, Illinois—Hyatt Motels Company reported its first-quarter 2026 outcomes. Highlights embody:
- Comparable system-wide lodges RevPAR elevated 5.4 %, in comparison with the primary quarter of 2025
- Comparable system-wide all-inclusive resorts Internet Bundle RevPAR elevated 7.4 %, in comparison with the primary quarter of 2025
- Internet rooms progress for the trailing twelve months was 5.0 %
- Pipeline of executed administration or franchise contracts was roughly 151,000 rooms, a rise of 9.4 %, in comparison with the primary quarter of 2025
- Diluted EPS was $0.40, and Adjusted Diluted EPS was $0.63
- Internet revenue attributable to Hyatt Motels Company was $38 million and Adjusted Internet Earnings was $61 million
- Gross charges had been $333 million, a rise of 8.6 %, in comparison with the primary quarter of 2025
- Adjusted EBITDA was $266 million, a rise of two.1 %, in comparison with the primary quarter of 2025, or a rise of two.9 % after adjusting for belongings offered in 2025
- Throughout the three months ended March 31, 2026, the corporate revised its definition of Adjusted EBITDA to now not embody its professional rata share of unconsolidated owned and leased hospitality ventures’ Adjusted EBITDA and recast prior-period outcomes to supply comparability
- Repurchased 840,249 shares of Class A standard inventory for an combination buy worth of $135 million, bringing complete capital returned to shareholders, together with dividends, to $149 million
Full 12 months 2026 Outlook:
- Comparable system-wide lodges RevPAR progress is projected to be between 2.0 % and 4.0 %, in comparison with the total 12 months 2025
- Internet rooms progress is projected to be between 6.0 % and seven.0 %, in comparison with the total 12 months 2025
- Internet revenue attributable to Hyatt Motels Company is projected to be between $255 million and $350 million
- Adjusted EBITDA is projected to be between $1,155 million and $1,205 million, a rise of 13 % to 18 %, in comparison with full 12 months 2025, after adjusting for the interval of possession of lodges acquired as a part of the Playa Motels Acquisition and belongings offered in 2025
- Capital returns to shareholders are projected to be between $325 million and $375 million via a mix of dividends and share repurchases
Assertion From Management
Mark S. Hoplamazian, chairman, president, and chief government officer, stated, “Our robust first quarter outcomes mirror the continued energy of our core price enterprise and the resilience of our differentiated portfolio of high-quality manufacturers. As we glance to the steadiness of the 12 months and past, we’re targeted on additional elevating Hyatt by strengthening the efficiency of our manufacturers, our expertise, and our know-how to boost how we function and construct on our aggressive benefits. We consider this basis, mixed with our high-end buyer base, strong pipeline with important alternatives for growth, and quickly rising loyalty program, positions us to drive sustained progress and create long-term worth for shareholders.”
First Quarter Operational Commentary
- Luxurious chain scale led RevPAR progress within the quarter. Leisure transient RevPAR remained the strongest space of progress, whereas group and enterprise transient RevPAR every grew within the low single
–digits. Geopolitical battle within the Center East negatively impacted RevPAR progress by roughly 50 bps. - Internet Bundle RevPAR elevated 7.4 %, in comparison with the primary quarter of 2025, regardless of safety considerations in Mexico.
- Gross charges elevated 8.6 %, in comparison with the primary quarter of 2025.
- Base administration charges elevated 10.9 %, pushed by managed lodge RevPAR and Internet Bundle RevPAR progress outdoors the US, robust resort efficiency in the US, charges from the Playa Motels Acquisition, and contributions from newly opened lodges.
- Incentive administration charges elevated 13.8 %, pushed by charges from the Playa Motels Acquisition, newly opened lodges, and powerful efficiency in Asia Pacific, partially offset by decrease charges within the Center East and Mexico.
- Franchise and different charges elevated 3.1 %, pushed by Non-RevPAR Price contributions, RevPAR progress in United States select-service properties, and newly opened lodges, partially offset by franchise charges acknowledged in 2025 from the eight Hyatt Ziva and Hyatt Zilara properties that had been a part of the Playa Motels Acquisition.
- Owned and leased phase Adjusted EBITDA decreased $2 million in comparison with the primary quarter of 2025, after adjusting for 2025 asset gross sales.
- Distribution phase Adjusted EBITDA declined in comparison with the primary quarter of 2025, on account of momentary elements, together with lodge closures in Jamaica associated to Hurricane Melissa, decrease demand in Mexico on account of safety considerations, and decrease demand in four-star properties.
Openings and Growth
Throughout the first quarter, the corporate:
- Opened 3,966 rooms. Notable openings included:
- Andaz Lisbon, strengthening Hyatt’s life-style model presence in Europe;
- Andaz Shanghai ITC, strengthening Hyatt’s luxurious life-style model presence in Better China;
- The Livingston in Brooklyn, New York, increasing Hyatt’s model footprint in a key city market as the primary Hyatt-branded lodge within the borough.
- Pipeline of executed administration or franchise contracts grew 9.4 %, in comparison with the primary quarter of 2025, reaching a brand new file of 151,000 rooms.
Steadiness Sheet and Liquidity
As of March 31, 2026, the corporate reported the next:
- Whole debt of $4.3 billion.
- Whole liquidity of $2.2 billion, inclusive of:
- $671 million of money and money equivalents, and short-term investments, and
- $1,497 million of borrowing capability beneath Hyatt’s revolving credit score facility, web of letters of credit score excellent.
- Whole remaining share repurchase authorization of $543 million. The corporate repurchased $135 million of Class A standard inventory through the first quarter.
- The corporate’s board of administrators has declared a money dividend of $0.15 per share for the second quarter of 2026. The dividend is payable on June 11, 2026, to Class A and Class B stockholders of file as of Might 29, 2026.
