NYSE$H

Hyatt Hotels Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Second quarter results improved significantly due to rebounded travel demand and positive operating leverage.

Hyatt Hotels Corporation reported improved second-quarter 2021 financial results, driven by a rebound in travel demand. The company's net loss decreased to $9 million, and Adjusted EBITDA increased to $55 million. Comparable system-wide RevPAR increased to $72.47, and net rooms growth was 7.1%.

  • Net losses decreased compared to the second quarter of 2020, reaching a $9 million net loss.
  • Adjusted EBITDA increased compared to the second quarter of 2020, totaling $55 million.
  • Comparable system-wide RevPAR increased to $72.47 in the second quarter of 2021.
  • Net rooms growth reached 7.1%.

Headline financials

Total Revenue

$663M

Previous: $250M+165.2%
EPS (adj)

-$1.15

Previous: -$1.80+36.1%
System-wide RevPAR Growth

72.5%

Previous: -89.4%+181.1%
Adjusted EBITDA

$55M

Previous: -$117M+147.0%
Capital Expenditures

-$37M

Previous: -$88M+58.0%
Free Cash Flow

-$46M

Previous: -$324M+85.8%
Net Income

-$9M

Previous: -$236M+96.2%
Operating Income

-$95M

Previous: -$204M+53.4%
Gross Profit

$90M

Previous: -$84M+207.1%
Cash & Equivalents

$1.14B

Previous: $1.44B-20.4%
Total Assets

$8.96B

Previous: $8.58B+4.5%
Stock-Based Comp

$9M

Previous: $3M+200.0%

Revenue & EPS history

Hyatt · Revenue · Quarterly

$663M

Q2 2021+165.2%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The Company is providing the following guidance for the 2021 fiscal year: Adjusted selling, general, and administrative expenses are expected to be approximately $240 million. Capital expenditures are expected to be approximately $110 million. The Company expects net rooms growth to be greater than 6.0%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.6%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.0%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+11.5%

Q4 2023

Best reaction

-9.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.5%+1.9%+14.1%
Q4 2025+0.3%+0.6%-17.4%
Q3 2025+6.1%+13.4%+13.0%
Q1 2025+5.3%+7.9%+17.2%
Q4 2024-9.1%-9.9%-24.6%
Q3 2024-7.7%-8.9%+0.5%
Q2 2024-2.7%+0.9%+10.0%
Q1 2024+3.0%+1.8%-1.8%
Q4 2023+11.5%+2.5%+19.0%
Q3 2023+0.6%+2.6%+13.6%
Q2 2023-8.3%-5.6%-6.2%
Q1 2023-1.6%+0.7%-2.6%
Q4 2022-3.0%-3.8%-9.5%
Q3 2022+0.0%-0.9%+8.3%
Q2 2022+3.4%+8.6%+6.9%
Q1 2022+4.4%+4.8%+13.2%
Q4 2021-3.8%-4.9%-11.2%
Q3 2021+6.4%+8.8%-3.7%
Q2 2021-5.8%-2.4%-4.6%
Q1 2021-2.4%-1.8%-4.2%
Q4 2020-0.2%+6.3%+10.6%
Q3 2020-2.6%+15.8%+29.8%
Q2 2020+2.6%+6.5%+19.7%
Q1 2020-1.5%-2.3%+24.1%
Q4 2019+4.7%-3.3%-47.3%
Q3 2019+2.5%+5.8%+10.8%
Q2 2019-3.1%-6.3%-8.6%
Q1 2019+0.8%+0.9%-5.9%
Q4 2018+3.1%+2.8%+2.9%
Q3 2018+5.4%+8.8%+10.0%
Q2 2018+3.2%+1.8%+1.0%
Q1 2018+1.4%+2.8%+9.4%
Q4 2017+1.4%+1.4%+1.7%
Q3 2017+7.2%+10.7%+15.3%
Q2 2017+8.3%+5.7%+7.0%
Q1 2017+3.2%+3.1%+2.9%
Q4 2016-6.0%-6.2%-6.5%
Q3 2016+0.9%+5.3%+6.4%
Q2 2016+1.1%+3.1%+4.8%
Q1 2016+2.4%
Q4 2015+8.0%
Q3 2015-0.1%
Q2 2015-6.6%
Q1 2015-1.4%
Q4 2014-1.2%
Q3 2014-3.4%
Q2 2014-4.9%
Q1 2014+7.0%
Q4 2013+0.2%
Q3 2013+1.7%
Q2 2013+9.1%
Q1 2013-6.1%
Q4 2012-1.5%
Q3 2012-5.0%
Q2 2012-0.4%
Q1 2012+0.2%
Q4 2009+0.3%
Q2 2011+0.3%
Q4 2011+0.3%
Q3 2011+5.8%
Q3 2010+5.8%
Q2 2010-3.8%
Q1 2011-1.7%
Q4 2010-1.7%
Q1 2010-1.7%

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