Hyatt Hotels Corporation (NYSE: H) has reported its first quarter 2025 results, showcasing a strong performance compared to the same period in 2024. Here are some key highlights from the report:
- Comparable system-wide hotels' Revenue per Available Room (RevPAR) increased by 5.7% year-over-year.
- Net rooms grew by 10.5% compared to the first quarter of 2024.
- Net income attributable to Hyatt Hotels Corporation was reported at $20 million, while adjusted net income stood at $46 million.
- Diluted earnings per share (EPS) were $0.19, and adjusted diluted EPS was $0.46.
- Gross fees surged to $307 million, marking an increase of 16.9% over the first quarter of 2024.
- Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached $273 million, reflecting a 5.4% increase over the same period last year.
Looking ahead, Hyatt provided its full-year 2025 outlook, projecting a RevPAR growth of 1% to 3% compared to 2024, and net rooms growth between 6% to 7%. The company anticipates net income to range from $95 million to $150 million, and adjusted EBITDA to fall between $1,080 million and $1,135 million, marking a 6% to 12% increase after adjusting for assets sold in 2024.
Moreover, the company repurchased approximately 1.1 million shares of Class A common stock for $149 million during the period. The board of directors also declared a cash dividend of $0.15 per share for the second quarter of 2025.
During the first quarter, Hyatt opened 11,253 rooms, including the first Hyatt Studios property and the Venetian Resort Las Vegas, adding 7,092 rooms to its inventory. Additionally, the company announced a new brand, Hyatt Select, designed for modern travelers and cost-effective for owners.
In terms of transactions, Hyatt has made progress in the planned Playa Hotels acquisition, extending the tender offer period and issuing senior notes to finance a portion of the acquisition. As of March 31, 2025, the company reported total debt of $4.3 billion and total liquidity of $3.3 billion.
The company's outlook for the remainder of 2025 reflects a cautious approach, considering recent shifts in booking behavior and the impact of the planned acquisition. Hyatt remains committed to its capital allocation strategy, including returning capital to shareholders through dividends and share repurchases.
The company's 2025 outlook is based on several assumptions subject to change, and the actual results may vary. Hyatt will hold an investor conference call on May 1, 2025, to discuss the quarterly results and outlook.
For further details and reconciliations of financial measures, refer to the company's official filings and documentation. The market has reacted to these announcements by moving the company's shares 5.4% to a price of $118.79. For the full picture, make sure to review Hyatt Hotels's 8-K report.
