Latest news with #JoanBottarini
Travel Weekly
5 days ago
- Business
- Travel Weekly
Hyatt's all-inclusive play pushes up its Q2 results
Despite broader market challenges, Hyatt Hotels Corp.'s luxury brands and all-inclusive resorts delivered exceptionally strong second-quarter results, the company said. "RevPAR growth was strongest among our luxury brands, as high-end consumers continue to prioritize travel," Hyatt CEO Mark Hoplamazian told analysts during the company's earnings call on Aug. 7. More than 70% of the group's portfolio plays in the upper upscale and luxury chain scales, he said. The company's luxury brands saw RevPAR on individual leisure bookings increase about 6% in the quarter, while net-package RevPAR at all-inclusives, which calculates revenue inclusive of rooms, food and beverage and entertainment, rose 6% in the Americas. Hyatt said it expected all-inclusives tailwinds to continue. CFO Joan Bottarini said that booking pace for Hyatt's Inclusive Collection in the Americas is up almost 5% for the third quarter, indicating "sustained demand for luxury all-inclusive travel for the remainder of the year." The strength in high-end all-inclusive follows the recent completion of Hyatt's $2.6 billion acquisition of Playa Hotels & Resorts, with the company working to finalize its sale of Playa's owned real estate portfolio by the end of this year. Softer business trends Although Hoplamazian reported softer booking trends in the second quarter compared to Q1, Hyatt posted systemwide RevPAR growth of 1.6% in Q2. U.S. RevPAR for the quarter was essentially flat, down 0.1%. Second-quarter leisure transient RevPAR was up 2.6% globally. Business transient RevPAR was flat overall, but it declined 1.5% in the U.S., primarily due to weakness at select-service hotels. Global group RevPAR in the quarter was up 0.3%, with group pace for full-service managed properties in the U.S. approximately flat compared to 2024 for the last half of the year. Hyatt reaffirmed its full-year outlook of 1% to 3% RevPAR growth for 2025, with Hoplamazian expressing optimism about the near-term future. "We're seeing an uptick in future bookings for both leisure and business transient travel," he said. "Our group and corporate customers have shared that travel continues to be a priority, especially for customer-facing meetings, and we expect U.S. RevPAR growth to improve after Labor Day." Hyatt reported a second-quarter net loss of $3 million, compared to net income of $359 million in the prior year. Adjusted Ebitda was $303 million, marking a decline of 1.1% on the same quarter last year.
Yahoo
15-05-2025
- Business
- Yahoo
H Q1 Earnings Call: Hyatt Outpaces Revenue Estimates, Cautions on U.S. Booking Trends
Hospitality company Hyatt Hotels (NYSE:H) reported Q1 CY2025 results topping the market's revenue expectations , but sales were flat year on year at $1.72 billion. Its non-GAAP profit of $0.46 per share was 29% above analysts' consensus estimates. Is now the time to buy H? Find out in our full research report (it's free). Revenue: $1.72 billion vs analyst estimates of $1.69 billion (flat year on year, 2% beat) Adjusted EPS: $0.46 vs analyst estimates of $0.36 (29% beat) Adjusted EBITDA: $273 million vs analyst estimates of $244 million (15.9% margin, 11.9% beat) EBITDA guidance for the full year is $1.11 billion at the midpoint, below analyst estimates of $1.12 billion Operating Margin: 6%, up from 2.3% in the same quarter last year Free Cash Flow Margin: 7.2%, down from 12.1% in the same quarter last year RevPAR: $134.55 at quarter end, up 2% year on year Market Capitalization: $13.01 billion Hyatt Hotels' Q1 performance was shaped by stable revenue, strong contributions from luxury and international segments, and continued progress in its asset-light model. Management credited the positive impact of high-end travelers, business transient and group demand, and the expansion of new brands such as Hyatt Studios and Hyatt Select. CEO Mark Hoplamazian noted, 'The tracking by segment and price point has actually become really important to understanding the total story,' highlighting the differentiated strength in luxury compared to other segments. Looking ahead, Hyatt's guidance reflects caution in the near term, particularly for the U.S. market, where short-term leisure and business transient bookings have softened. Management signaled that international markets and all-inclusive properties are expected to outperform, while group bookings remain a relative bright spot. CFO Joan Bottarini emphasized, 'We are seeing mixed indicators as it relates to future booking activity,' pointing to the need for close monitoring of macroeconomic uncertainty and booking patterns. Hyatt's management provided additional context behind Q1 revenue and margin performance, emphasizing portfolio mix, strategic development activity, and evolving customer trends as central factors. Luxury and International Segments: Luxury brands and international hotels drove RevPAR (revenue per available room) growth, with the Asia-Pacific region, Europe, and all-inclusive resorts in the Americas outperforming. Leisure travel momentum was strongest in luxury, while upscale segments lagged. Asset-Light Model Progress: Hyatt's continued shift to an asset-light business model reduced earnings volatility and improved margin stability. Over 80% of earnings are now asset-light, compared to about 40% at IPO, supporting steadier performance in uncertain environments. New Brand Launches and Pipeline Growth: The introduction of Hyatt Select and ongoing rollout of Hyatt Studios expanded Hyatt's reach into upper midscale and secondary markets. Management reported a 7% year-over-year increase in pipeline rooms and highlighted strong developer interest, especially in conversion opportunities. All-Inclusive and Loyalty Momentum: All-inclusive resorts in the Americas continued to show strong bookings, buoyed by increased Canadian demand. The World of Hyatt loyalty program added over two million members in the quarter, with loyalty penetration and co-brand credit card spend both rising. Progress on Playa Transaction and Asset Dispositions: Hyatt updated on the pending Playa acquisition and ongoing property sales. Management expressed confidence in meeting disposition goals, although acknowledged timing uncertainty due to market conditions and regulatory clearance, especially in Mexico. Management's outlook for the remainder of the year focuses on a mixed demand environment, with international strength offsetting softer U.S. bookings and continued efforts to expand fee-driven revenues and optimize the brand portfolio. International and All-Inclusive Growth: Strong momentum in Asia-Pacific and all-inclusive resorts is expected to drive outperformance relative to the U.S. Management anticipates international inbound travel and higher booking pace in these regions to support room and fee growth. Group and Corporate Demand: Group bookings and large corporate travel remain solid, providing stability for future quarters. Management expects group pace to help offset near-term softness in leisure and business transient demand, particularly in U.S. upscale segments. Execution on Asset Sales and Integration: The pace and outcome of key transactions, including the Playa acquisition and planned real estate dispositions, will influence debt, liquidity, and capital allocation. Management cited challenges in capital markets and regulatory clearance as factors to monitor. Shaun Kelley (Bank of America): Asked about the resilience of various business segments in a choppy macro environment. Management explained that luxury and all-inclusive segments are performing well, while select service and upscale U.S. hotels show weaker trends. Michael Bellisario (Baird): Questioned whether recent booking softness was due to cancellations or just fewer new bookings. Hyatt clarified that cancellations have been significant mainly in government group business, while corporate bookings remain strong. Richard Clarke (Bernstein): Inquired about cost inflation and construction pipeline risk. Management noted developers are building in contingencies of up to 20% for construction costs but see ingenuity in sourcing materials locally to offset tariff impacts. Ben Chaiken (Mizuho): Sought details on the Playa acquisition timeline and the number of potential buyers for asset dispositions. Management expressed confidence in achieving the targeted disposition goals, emphasizing successful track record but acknowledged regulatory and timing challenges. Conor Cunningham (Melius Research): Asked whether demand had stabilized post-calendar shifts. Management stated that April results were positive, with strength outside the U.S. and in all-inclusive resorts, but emphasized the need to monitor upcoming months for normalization. Looking forward, our analysts will closely watch (1) whether international and all-inclusive momentum continues to offset softness in U.S. leisure and business transient bookings, (2) the pace and terms of the Playa acquisition and key asset sales, and (3) the uptake and performance of new brands like Hyatt Select and Hyatt Studios. Developments in group bookings and loyalty engagement will also be closely tracked as indicators of sustainable demand. Hyatt Hotels currently trades at a forward P/E ratio of 42.4×. In the wake of earnings, is it a buy or sell? Find out in our free research report. 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Yahoo
26-02-2025
- Business
- Yahoo
Hyatt to Present at the Raymond James & Associates' 46th Annual Institutional Investors Conference
CHICAGO, February 26, 2025--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) announced today that Joan Bottarini, Chief Financial Officer, will present at the Raymond James & Associates' 46th Annual Institutional Investors Conference at 11:00 a.m. ET on Tuesday March 4, 2025 in Orlando, FL. All interested persons may listen to a webcast of the presentations, which may be accessed through the Company's website at Replays will be available for 90 days. About Hyatt Hotels CorporationHyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of December 31, 2024, the Company's portfolio included more than 1,400 hotels and all-inclusive properties in 79 countries across six continents. The Company's offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, and Alua Hotels & Resorts®; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit HHC-FIN View source version on Contacts Investors:Adam Rohman+ 1 Ryan Nuckols+1 Media:Franziska Weber+ 1
