Hyatt Hotels Corporation (NYSE:H) reported second-quarter 2026 earnings on Thursday morning before the market opened.
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The company reported quarterly adjusted earnings of $1.12 per share, beating the analyst consensus estimate of 91 cents. This represents an increase over earnings of 68 cents per share recorded in the same period last year.
Quarterly sales came in at $1.829 billion, surpassing the analyst consensus estimate of $1.812 billion. Revenue increased from $1.808 billion generated during the prior-year period, according to Benzinga Pro.
Diluted EPS reached $1.14, with net income attributable to Hyatt Hotels totaling $110 million and adjusted net income reaching $108 million. Gross fees grew 7.8% year-over-year to $324 million, while Adjusted EBITDA increased 3.4% to $297 million.
Balance Sheet Strength and Capital Allocation
As of June 30, the company reported total debt of $4.3 billion and total liquidity of $2.1 billion. Liquidity consists of $606 million in cash, cash equivalents and short-term investments, alongside $1,497 million of available borrowing capacity under its revolving credit facility.
During the second quarter, Hyatt repurchased 62,605 shares of Class A stock for $12 million. Year-to-date through June 30, the company returned $175 million to stockholders via dividends and stock repurchases. Remaining share repurchase authorization stood at approximately $1.5 billion. The board of directors declared a third-quarter cash dividend of 15 cents per stock, payable Sept. 10, to stockholders of record as of Aug. 27.
Full-Year 2026 Financial Outlook
For full-year 2026, Hyatt projects comparable system-wide hotels Revenue Per Available Room (RevPAR) growth between 3.5% and 4.5% compared to 2025. Full-year net rooms growth is expected at approximately 6%.
Net income is projected between $250 million and $335 million, with Adjusted EBITDA expected between $1,155 million and $1.205 billion. Capital returns to stockholders are projected between $325 million and $375 million.
“Our strong second quarter results reflect the continued strength of Hyatt’s differentiated portfolio and the deep engagement of our high-value guests around the world. The resilience of our core fee business enabled us to absorb temporary regional headwinds while maintaining our full year outlook,” said Mark Hoplamazian, chairman, president and CEO.
“Although we are taking a measured view on the timing of openings later this year, continued signing momentum and a high-quality development pipeline reinforce our confidence in Hyatt’s long-term growth model and value creation strategy,” Hoplamazian added.
H Stock Price Activity: Hyatt Hotels shares were down 5.73% at $175.36 at publication on Thursday, according to Benzinga Pro data.
Photo by Kaesler Media via Shutterstock
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