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Hyatt
🇺🇸 NYSE:H
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Dec 31, 2021

Hyatt Q4 2021 Earnings Report

Hyatt's Q4 2021 financial results were reported, featuring the acquisition of Apple Leisure Group and an increase in Adjusted EBITDA.

Key Takeaways

Hyatt Hotels Corporation reported a net loss of $29 million for Q4 2021, a significant decrease from the $203 million net loss in Q4 2020. Adjusted EBITDA increased to $112 million from a loss of $98 million in the same period last year, including a $4 million contribution from Apple Leisure Group (ALG).

Net loss decreased to $29 million from a loss of $203 million year-over-year.

Adjusted EBITDA increased to $112 million from a loss of $98 million year-over-year, including a $4 million contribution from ALG.

Comparable system-wide RevPAR increased to $96.75 in Q4 2021, but decreased 26.1% compared to Q4 2019.

Comparable owned and leased hotels operating margins were 24.8% in Q4 2021.

Total Revenue
$1.08B
Previous year: $424M
+153.8%
EPS
-$2.78
Previous year: -$1.77
+57.1%
Net Rooms Growth
19.5%
Previous year: 5.2%
+275.0%
Adjusted EBITDA
$112M
System-wide RevPAR
96.75%
Previous year: -68.9%
-240.4%
Gross Profit
$174M
Previous year: -$30M
-680.0%
Cash and Equivalents
$960M
Previous year: $1.21B
-20.5%
Free Cash Flow
$60M
Previous year: -$166M
-136.1%
Total Assets
$3.98B
Previous year: $3.24B
+22.6%

Hyatt

Hyatt

Hyatt Revenue by Segment

Forward Guidance

The Company is providing the following guidance for the 2022 fiscal year:

Positive Outlook

  • Adjusted selling, general, and administrative expenses are expected to be approximately $460 million to $465 million.
  • This includes selling, general, and administrative expenses associated with the acquisition of ALG, of which $25 million to $30 million is related to one-time integration costs in 2022.
  • Excluding ALG, Adjusted selling, general, and administrative expenses are expected to be approximately $300 million to $305 million, and include $25 million to $30 million related to one-time integration costs in 2022.
  • ALG Adjusted selling, general, and administrative expenses are expected to be approximately $160 million.
  • The Company expects to grow net rooms by approximately 6.0%.

Challenges Ahead

  • The Company's 2022 Outlook is based on a number of assumptions that are subject to change and many of which are outside the control of the Company.
  • If actual results vary from these assumptions, the Company's expectations may change.
  • There can be no assurance that Hyatt will achieve these results.
  • No disposition or acquisition activity beyond what has been completed as of the date of this release has been included in the 2022 Outlook.
  • Impact of rabbi trust is not forecasted for the year ended December 31, 2022 as performance of underlying invested assets is not estimable.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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