Hyatt Reports First Quarter 2026 Results

Hyatt Hotels Corporation reported first quarter 2026 results.

Financial Highlights
- RevPAR growth: Comparable system-wide hotels up 5.4% year-over-year.
- All-inclusive resorts: Net Package RevPAR up 7.4% despite security concerns in Mexico.
- Net rooms growth: 5.0% over the trailing twelve months.
- Pipeline: Record 151,000 rooms, up 9.4% vs. Q1 2025.
- Net income: $38 million (vs. a loss last year).
- Adjusted net income: $61 million.
- Diluted EPS: $0.40; Adjusted EPS $0.63.
- Adjusted EBITDA: $266 million, up 2.1%.
- Gross fees: $333 million, up 8.6%.
- Returned $149 million to shareholders (dividends + buybacks).

Operational Commentary
- Luxury chain scale led RevPAR growth.
- Leisure transient travel strongest; group and business transient grew modestly.
- Middle East conflict shaved ~50 bps off RevPAR growth.
- Opened 3,966 rooms in Q1, including:
- Andaz Lisbon (Europe lifestyle presence).
- Andaz Shanghai ITC (luxury lifestyle in China).
- The Livingston, Brooklyn (first Hyatt-branded hotel in the borough).

Balance Sheet & Liquidity
- Debt: $4.3 billion.
- Liquidity: $2.2 billion (cash + revolver).
- Share repurchase authorization remaining: $543 million.
- Declared Q2 dividend: $0.15/share (payable June 11, 2026).

2026 Outlook
- RevPAR growth: 2–4%.
- Net rooms growth: 6–7%.
- Net income: $255–350 million.
- Adjusted EBITDA: $1.155–1.205 billion (up 13–18%).
- Capital returns: $325–375 million (dividends + buybacks).
- Free cash flow: $580–630 million.

Hyatt’s Q1 shows strong momentum in luxury and all-inclusive segments, resilience despite geopolitical headwinds, and a robust pipeline that positions it for sustained growth.