Hyatt Q4 2023 Earnings Report
Key Takeaways
Hyatt reported strong Q4 2023 results, with net income of $26 million and Adjusted EBITDA of $241 million. Comparable system-wide RevPAR increased by 9.1%, driven by the recovery in Greater China and strengthening group demand in the United States. The company also achieved record level of fees and the highest free cash flow in Hyatt's history.
Net income was $26 million, and adjusted net income was $68 million.
Adjusted EBITDA was $241 million.
Comparable system-wide RevPAR increased 9.1%.
The company repurchased approximately 890 thousand Class A shares for $95 million.
Hyatt
Hyatt
Forward Guidance
The Company is providing the following outlook for the 2024 fiscal year. System-Wide RevPAR13% to 5%Net Rooms Growth5.5% to 6%(in millions)Full Year 2024Net IncomeApprox. $560Management, Franchise, License, and Other Fees$1,100 - $1,130Adjusted SG&A2, 3$425 - $435Adjusted EBITDA2$1,175 - $1,225
Positive Outlook
- System-Wide RevPAR13% to 5%
- Net Rooms Growth5.5% to 6%
- Full Year 2024 Net Income Approx. $560
- Management, Franchise, License, and Other Fees $1,100 - $1,130
- Adjusted EBITDA $1,175 - $1,225