CHICAGO (April 30, 2026) – Hyatt Hotels Corporation (“Hyatt,” “the Company,” “we,” “us,” or “our”) (NYSE: H) today reported first quarter 2026 results. Highlights include:
- Comparable system-wide hotels RevPAR increased 5.4%, compared to the first quarter of 2025
- Comparable system-wide all-inclusive resorts Net Package RevPAR increased 7.4%, compared to the first quarter of 2025
- Net rooms growth for the trailing twelve months was 5.0%
- Pipeline of executed management or franchise contracts was approximately 151,000 rooms, an increase of 9.4%, compared to the first quarter of 2025
- Diluted EPS was $0.40 and Adjusted Diluted EPS was $0.63
- Net income attributable to Hyatt Hotels Corporation was $38 million and Adjusted Net Income was $61 million
- Gross fees were $333 million, an increase of 8.6%, compared to the first quarter of 2025
- Adjusted EBITDA was $266 million, an increase of 2.1%, compared to the first quarter of 2025, or an increase of 2.9% after adjusting for assets sold in 2025
- During the three months ended March 31, 2026, the Company revised its definition of Adjusted EBITDA to no longer include its pro rata share of unconsolidated owned and leased hospitality ventures’ Adjusted EBITDA and recast prior-period results to provide comparability
- Repurchased 840,249 shares of Class A common stock for an aggregate purchase price of $135 million, bringing total capital returned to shareholders, including dividends, to $149 million
- Full Year 2026 Outlook:
- Comparable system-wide hotels RevPAR growth is projected to be between 2.0% and 4.0%, compared to the full year 2025
- Net rooms growth is projected to be between 6.0% and 7.0%, compared to the full year 2025
- Net income attributable to Hyatt Hotels Corporation is projected to be between $255 million and $350 million
- Adjusted EBITDA is projected to be between $1,155 million and $1,205 million, an increase of 13% to 18%, compared to full year 2025, after adjusting for the period of ownership of hotels acquired as part of the Playa Hotels Acquisition and assets sold in 2025
- Capital returns to shareholders are projected to be between $325 million and $375 million through a combination of dividends and share repurchases
Mark S. Hoplamazian, Chairman, President and Chief Executive Officer, said, “Our strong first quarter results reflect the continued strength of our core fee business and the resilience of our differentiated portfolio of high-quality brands. As we look to the balance of the year and beyond, we are focused on further elevating Hyatt by strengthening the performance of our brands, our talent, and our technology to enhance how we operate and build on our competitive advantages. We believe this foundation, combined with our high-end customer base, robust pipeline with significant opportunities for expansion, and rapidly growing loyalty program, position us to drive sustained growth and create long-term value for shareholders.”
First Quarter Operational Commentary
- Luxury chain scale led RevPAR growth in the quarter. Leisure transient RevPAR remained the strongest area of growth, while group and business transient RevPAR each grew in the low single
–digits. Geopolitical conflict in the Middle East negatively impacted RevPAR growth by approximately 50 bps.
- Net Package RevPAR increased 7.4%, compared to the first quarter of 2025, despite security concerns in Mexico, reflecting continued strong demand of luxury all-inclusive travel.
- Gross fees increased 8.6%, compared to the first quarter of 2025, reflecting strong core business performance.
- Base management fees increased 10.9%, driven by managed hotel RevPAR and Net Package RevPAR growth outside the United States, strong resort performance in the United States, fees from the Playa Hotels Acquisition, and contributions from newly opened hotels.
- Incentive management fees increased 13.8%, driven by fees from the Playa Hotels Acquisition, newly opened hotels, and strong performance in Asia Pacific, partially offset by lower fees in the Middle East and Mexico.
- Franchise and other fees increased 3.1%, driven by Non-RevPAR Fee contributions, RevPAR growth in United States select-service properties, and newly opened hotels, partially offset by franchise fees recognized in 2025 from the eight Hyatt Ziva and Hyatt Zilara properties that were part of the Playa Hotels Acquisition.
- Owned and leased segment Adjusted EBITDA decreased $2 million compared to the first quarter of 2025, after adjusting for 2025 asset sales.
- Distribution segment Adjusted EBITDA declined compared to the first quarter of 2025, due to temporary factors, including hotel closures in Jamaica related to Hurricane Melissa, lower demand in Mexico due to security concerns, and lower demand in four-star properties.Openings and DevelopmentDuring the first quarter, the Company:
- Opened 3,966 rooms. Notable openings included:
- Andaz Lisbon, strengthening Hyatt’s lifestyle brand presence in Europe;
- Andaz Shanghai ITC, strengthening Hyatt’s luxury lifestyle brand presence in Greater China;
- The Livingston in Brooklyn, New York, expanding Hyatt’s brand footprint in a key urban market as the first Hyatt-branded hotel in the borough.
- Pipeline of executed management or franchise contracts grew 9.4%, compared to the first quarter of 2025, reaching a new record of 151,000 rooms.
- Opened 3,966 rooms. Notable openings included:
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