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Jun 30, 2022
Hyatt Q2 2022 Earnings Report
Total fee revenue more than doubles from last year and reaches record level. System-wide RevPAR, excluding Greater China, above 2019
Key Takeaways
Hyatt Hotels Corporation reported strong second quarter 2022 financial results with net income attributable to Hyatt increasing to $206 million from a loss of $9 million in the second quarter of 2021. Total fee revenue exceeded $200 million, 27% higher than any other quarter in the Company’s history.
Net income increased to $206 million from a loss of $9 million.
Adjusted EBITDA increased to $255 million from $55 million.
Comparable system-wide RevPAR increased 82% to $130.16.
System-wide Net Rooms Growth was 19.0%.
Hyatt
Hyatt
Forward Guidance
The Company is providing the following information for the 2022 fiscal year:
Positive Outlook
- Comparable system-wide constant dollar RevPAR is expected to be greater than 2021 by a range of 55% to 60%, and system-wide constant dollar RevPAR is expected to be less than 2019 by a range of 4% to 9% for hotels that were comparable in both years.
- Capital expenditures are expected to be approximately $210 million.
- Hyatt capital expenditures, excluding ALG, are expected to be approximately $185 million.
- ALG capital expenditures are expected to be approximately $25 million.
- The Company expects to grow net rooms by greater than 6.0%.