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Sep 30, 2022
Hyatt Q3 2022 Earnings Report
Hyatt's third quarter 2022 results were reported, with total fee revenue exceeding 2019 by 50% and full year outlook raised for RevPAR and net rooms growth.
Key Takeaways
Hyatt reported a strong third quarter in 2022, with net income of $28 million and Adjusted EBITDA of $252 million. Comparable system-wide RevPAR increased by 45.9%, and net rooms growth was 18.7%. The company raised its full year 2022 Net Rooms Growth outlook to approximately 6.5%.
Net income was $28 million in the third quarter of 2022.
Adjusted EBITDA was $252 million in the third quarter of 2022.
Comparable system-wide RevPAR increased 45.9% in the third quarter of 2022.
Net Rooms Growth was 18.7% in the third quarter of 2022.
Hyatt
Hyatt
Forward Guidance
The Company is providing the following guidance for full year 2022:
Positive Outlook
- System-Wide RevPAR1 60% to 65% vs 2021
- Net Rooms Growth Approx. 6.5% vs 2021
- Capital Expenditures $210 million
- Total Adjusted SG&A2 $460 - $465 million
- One-Time Integration Costs3 $25 - $30 million
Challenges Ahead
- System-Wide RevPAR1 (7)% to (4)% vs 2019
- Capital Expenditures HHC exc. ALG $185 million
- Capital Expenditures ALG $25 million
- Total Adjusted SG&A2 Legacy Hyatt $320 - $325 million
- Total Adjusted SG&A2 ALG $140 million