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Mar 31, 2021
Hyatt Q1 2021 Earnings Report
Hyatt's Q1 2021 results were reported, showing strong leisure demand and net rooms growth.
Key Takeaways
Hyatt's Q1 2021 results exceeded expectations with improving demand and strong net rooms growth of 6.5%. The company reported a net loss of $304 million and an adjusted EBITDA loss of $20 million, but saw positive indicators across travel segments and improved RevPAR throughout the quarter.
Net losses increased to $304 million, including a $193 million non-cash valuation allowance.
Adjusted EBITDA decreased 123.3% to $(20) million.
System-wide RevPAR decreased 48.9% compared to Q1 2020.
Net rooms growth reached 6.5%.
Hyatt
Hyatt
Forward Guidance
Hyatt is providing the following guidance for the 2021 fiscal year:
Positive Outlook
- Adjusted selling, general, and administrative expenses are expected to be approximately $240 million.
- Capital expenditures are expected to be approximately $110 million.
- The Company expects to grow units, on a net rooms basis, by over 5.0%.