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Jun 30, 2021
Hyatt Q2 2021 Earnings Report
Second quarter results improved significantly due to rebounded travel demand and positive operating leverage.
Key Takeaways
Hyatt Hotels Corporation reported improved second-quarter 2021 financial results, driven by a rebound in travel demand. The company's net loss decreased to $9 million, and Adjusted EBITDA increased to $55 million. Comparable system-wide RevPAR increased to $72.47, and net rooms growth was 7.1%.
Net losses decreased compared to the second quarter of 2020, reaching a $9 million net loss.
Adjusted EBITDA increased compared to the second quarter of 2020, totaling $55 million.
Comparable system-wide RevPAR increased to $72.47 in the second quarter of 2021.
Net rooms growth reached 7.1%.
Forward Guidance
The Company is providing the following guidance for the 2021 fiscal year: 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 net rooms growth to be greater than 6.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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