Hyatt Hotels Corp recently released its 10-Q report. Hyatt Hotels Corp operates as a hospitality company in the U.S. and abroad, with three reporting segments: Management and Franchising, Owned and Leased, and Distribution. Its portfolio includes full-service hotels and resorts, select-service hotels, all-inclusive resorts, timeshare and residential units, along with distribution and destination management services and the World of Hyatt loyalty program.
In Item 2, Management’s Discussion and Analysis, Hyatt said the quarter and half-year results should be read alongside its condensed financial statements and noted that its discussion includes forward-looking statements tied to plans, strategies, and future performance. The company listed a broad set of factors that could alter results, including economic conditions, inflation, supply chain constraints, travel demand, geopolitical conflict, weather events, labor issues, cyber incidents, interest rates, foreign exchange, and changes in tax or trade policy. Hyatt also said these statements are based on estimates and assumptions and may differ materially from actual results.
Hyatt reported that its system-wide hotel count rose to 1,405 at June 30, 2026 from 1,329 a year earlier, with rooms increasing to 319,925 from 304,146. System-wide all-inclusive resorts fell to 154 from 158, while rooms declined to 57,961 from 59,644. Mr & Mrs Smith properties increased to 1,242 from 1,182, and residential units rose to 44 from 13.
For the second quarter, consolidated revenue increased $21 million, or 1.2%, from the prior-year period. Gross fee revenues rose $23 million and revenues for reimbursed costs increased $78 million, while owned and leased revenue fell $30 million, mainly because of the sale of the Playa Hotels Portfolio. Distribution revenue declined $37 million, which Hyatt attributed to lower booking volumes and reduced travel demand to certain destinations.
Comparable system-wide hotel RevPAR reached $158.70 in the quarter, up 5.9% in constant dollars from a year earlier. Occupancy was 73.2%, up 0.6 percentage point, and ADR was $216.81, up 5.0%. In the U.S., comparable hotel RevPAR was $169.23, up 6.7%, with occupancy at 74.1% and ADR at $228.28. Asia Pacific excluding Greater China posted the strongest quarterly RevPAR growth among the regions shown, rising 10.3% to $149.76, while Middle East & Africa fell 28.3% to $98.43.
For the first six months, comparable system-wide hotel RevPAR was $150.96, up 5.7% in constant dollars, with occupancy at 70.5% and ADR at $214.22. U.S. comparable RevPAR rose 5.1% to $156.45, and Asia Pacific excluding Greater China increased 10.9% to $161.13. Middle East & Africa again declined, with six-month RevPAR down 14.5% to $122.41.
Hyatt said leisure transient and group RevPAR improved in the quarter, helped by strong U.S. performance and, in part, the FIFA World Cup. Business transient RevPAR also improved, driven by U.S. select-service properties and Asia Pacific excluding Greater China. At June 30, 2026, group booking pace for July through December at comparable full-service managed U.S. hotels was up 5.7% from the same period in 2025.
Net income attributable to Hyatt Hotels Corp was $110 million in the quarter, up $113 million from the prior-year period. Adjusted EBITDA was $297 million, up $11 million. The market has reacted to these announcements by moving the company's shares -6.49% to a price of $173.94. Check out the company's full 10-Q submission here.
