India, July 30 -- Hyatt Hotels Corporation reported second quarter 2026 results.
Financial Highlights
- RevPAR (Revenue per Available Room): +5.9% year-over-year across system-wide hotels.
- All-inclusive resorts Net Package RevPAR: -1.2% (soft demand, security concerns in Mexico, lower airlift).
- Net rooms growth: +3.9% (or +4.4% excluding Playa Hotels adjustment).
- Pipeline: ~154,000 rooms under executed contracts (+10% vs. Q2 2025).
- EPS: Diluted $1.14; Adjusted $1.12.
- Net income: $110M; Adjusted net income $108M.
- Gross fees: $324M (+7.8%).
- Adjusted EBITDA: $297M (+3.4%, or +8.8% excluding asset sales).
- Shareholder returns: $175M YTD via dividends and buybacks; 62,605 shares repurchased in Q2.
2026 Full-Year Outlook
- RevPAR growth: 3.5%-4.5%.
- Net rooms growth: ~6%.
- Net income: $250M-$335M.
- Adjusted EBITDA: $1.155B-$1.205B (+13%-18%).
- Capital returns: $325M-$375M.
- Capital expenditures: ~$135M (down from $220M in 2025).
Operational Commentary
- Luxury & Upper Upscale segments drove RevPAR growth.
- Leisure transient and group demand strong; business transient grew modestly.
- Middle East conflict impacted RevPAR by ~110 bps.
- Hurricane Melissa and Mexico demand softness weighed on all-inclusive resorts.
- Owned & leased segment EBITDA up 16% (adjusted for asset sales).
- Distribution segment EBITDA down due to Jamaica closures and Mexico weakness.
Development & Openings
- 3,585 rooms opened in Q2.
- Notable openings: Miraval The Red Sea (first outside U.S.), The Barai Hua Hin (Unbound Collection debut in Thailand).
- Strategic franchise agreement with......
Published by HT Digital Content Services with permission from Travel Media.