T H O M P S O N ® M A D R I D N E W L Y O P E N E D I N Q 3 2 0 2 2
Total fee revenue
System-wideRevPAR
exceeds 2019
up 2% compared to
by 50%
2019; up 5% excluding
Greater China
Raises full-year outlook for Net Rooms Growth to approximately 6.5%
Expands pipeline to 114,000 rooms, a new record
Hyatt Continues to Transform Through Recently Announced Asset-Light Deals
Joint Venture with Kiraku to launch the ATONA brand of Ryokans in Japan
Agreement with Lindner Hotels to increase our franchised portfolio in Europe
Five ALG branded all-inclusive resorts in Bulgaria; majority expected to open 2023
S T R AT E G I C A G I L I T Y
Driving Results
$28M INCOME
$0.25 EPS
NET
DILUTED
$224M FEES1
18.7% GROWTH2
TOTAL
NET ROOMS
Mark Hoplamazian
President & CEO
Hyatt
We had a tremendous quarter that demonstrates our unique positioning and differentiated model. We reported total fee revenue that exceeded 2019 by 50%, raised our full-year 2022 Net Rooms Growth outlook to approximately 6.5%, and expanded our pipeline to 114,000 rooms. Our greater mix of fee- based earnings is driving record results and significant free cash flow. We continue to see demand accelerating
and our outlook remains optimistic based
on our latest booking trends.
"
ADJUSTED
ALG'S NET
ALG'S NET
$252M EBITDA3
$17M DEFERRALS4
$26M FINANCED CONTRACTS4
Represents gross Management, Franchise, and Other Fees.
Represents Total Net Rooms Growth over the trailing 12-month period; Excluding ALG, Net Rooms Growth is 4.5% over the trailing 12-month period.
Adjusted EBITDA is a non-GAAP measure that is not calculated or presented in accordance with generally accepted accounting principles in the United States ("GAAP") and may not be comparable to similarly titled measures of other companies due to varying methods of calculations. For how we define Adjusted EBITDA and for a reconciliation to the most directly comparable GAAP measure, please see Hyatt's Q3 2022 earnings release available at investors.hyatt.com.
Relates to Net Deferrals and Net Financed Contracts associated with Unlimited Vacation Club contracts. Refer to Hyatt's Q3 2022 earnings release available at investors.hyatt.com for definitions of Net Deferrals and Net Financed Contracts.
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Hyatt Hotels Corporation published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 11:02:01 UTC.
Hyatt Hotels Corporation is a global hospitality company. The Companyâs portfolio of properties consists of full-service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. Its offering includes brands in the Timeless Collection, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Vacation Club, Hyatt Place, Hyatt House, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval, Alila, Andaz, Thompson Hotels, Dream Hotels, Hyatt Centric, and Caption by Hyatt; the Independent Collection, including The Unbound Collection by Hyatt, Destination by Hyatt, and JdV by Hyatt; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva, Hyatt Zilara, Zoetry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas.