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Dec 31, 2019
Hyatt Q4 2019 Earnings Report
Hyatt reported strong Q4 2019 results driven by record openings and net rooms growth.
Key Takeaways
Hyatt Hotels Corporation reported a net income of $321 million for Q4 2019, a significant increase compared to Q4 2018. The company experienced growth in fee revenues and net rooms, fueled by a record number of new hotel openings. Adjusted EBITDA also saw an increase, while comparable system-wide RevPAR decreased slightly.
Net income increased 621.5% to $321 million.
Adjusted EBITDA increased 5.3% to $191 million.
Total fee revenues increased 11.8% to $161 million.
The Company repurchased 1,791,854 shares of Class A common stock for an aggregate purchase price of $141 million.