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Mar 31, 2020
Hyatt Q1 2020 Earnings Report
Hyatt's financial performance was impacted by the COVID-19 pandemic, resulting in a net loss and RevPAR decline.
Key Takeaways
Hyatt Hotels Corporation reported first-quarter 2020 financial results, which were significantly impacted by the COVID-19 pandemic. The company experienced a net loss of $103 million, a RevPAR decline of 28%, and took measures to preserve liquidity.
Net loss attributable to Hyatt was $103 million, or $1.02 per diluted share, compared to net income of $63 million, or $0.59 per diluted share, in Q1 2019.
Adjusted EBITDA decreased 54.3% to $86 million.
Comparable system-wide RevPAR decreased 28.1%.
Net rooms growth was 6.3%.
Forward Guidance
Hyatt did not provide specific forward guidance due to the uncertainty surrounding the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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