NYSE$H
Hyatt Hotels Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Hyatt's Q2 2023 results were reported, demonstrating growth in key metrics.
Hyatt reported a net income of $68 million, with Adjusted EBITDA reaching $273 million. System-wide RevPAR increased by 15.0%, and net rooms growth was approximately 6.9%. The company updated its full-year RevPAR outlook and expanded its pipeline to 119,000 rooms.
- Net income was $68 million, compared to $206 million in Q2 2022, which included $251 million in gains from real estate sales.
- Adjusted EBITDA increased to $273 million, up from $255 million in the prior year.
- System-wide RevPAR rose by 15.0% compared to 2022.
- Net Rooms Growth reached approximately 6.9%.
Headline financials
Revenue & EPS history
Hyatt · Revenue · Quarterly
$1.71B
Forward guidance
The Company is providing the following guidance for full year 2023: System-Wide RevPAR 14% to 16% Net Rooms Growth Approx. 6.0% Net Income Approx. $215 Adjusted EBITDA $1,020 - $1,070 Net Deferrals Approx. $120 Net Financed Contracts Approx. $60 Total Adjusted SG&A $485 - $495 One-Time Integration Costs Approx. $20 Free Cash Flow Approx. $550 Capital Returns to Shareholders Approx. $500
Tailwinds
- System-Wide RevPAR: 14% to 16%
- Net Rooms Growth: Approx. 6.0%
- Net Income: Approx. $215 million
- Adjusted EBITDA: $1,020 - $1,070 million
- Free Cash Flow: Approx. $550 million
Headwinds
- Total Adjusted SG&A: $485 - $495 million
- One-Time Integration Costs: Approx. $20 million
- Net Deferrals: Approx. $120 million
- Net Financed Contracts: Approx. $60 million
- Capital Returns to Shareholders: Approx. $500 million
- No disposition or acquisition activity beyond what has been completed as of the date of this release has been included in the 2023 Outlook
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 2023
+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
| Quarter | Report date | Reaction (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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