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Hyatt Reports Mixed Q2 Results With Record Fee Revenue, Exceeds Earnings Estimates
Hyatt Hotels Corporation (NYSE:H) reported second-quarter 2024 sales of $1.703 billion, missing the consensus estimate of $1.705 billion. Net room growth was approximately 4.6% year-over-year.
Comparable system-wide hotels’ RevPAR increased by 4.7%, and comparable system-wide all-inclusive resorts’ Net Package RevPAR increased by 3% YoY.
“System-wide RevPAR grew by 4.7% and net rooms growth was 4.6%, generating record gross fee revenue of $275 million in the quarter. Our pipeline reached a new record of 130,000 rooms, up 9% year-over-year, reflecting strong developer interest in our brands. We saw continued growth of the World of ...