NYSE$H
Hyatt Hotels Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Hyatt's Q4 2023 earnings were marked by record total fee revenue, leading to the highest cash flow from operations in the company's history.
Hyatt reported strong Q4 2023 results, with net income of $26 million and Adjusted EBITDA of $241 million. Comparable system-wide RevPAR increased by 9.1%, driven by the recovery in Greater China and strengthening group demand in the United States. The company also achieved record level of fees and the highest free cash flow in Hyatt's history.
- Net income was $26 million, and adjusted net income was $68 million.
- Adjusted EBITDA was $241 million.
- Comparable system-wide RevPAR increased 9.1%.
- The company repurchased approximately 890 thousand Class A shares for $95 million.
Headline financials
Revenue & EPS history
Hyatt · Revenue · Quarterly
$1.69B
Forward guidance
The Company is providing the following outlook for the 2024 fiscal year. System-Wide RevPAR13% to 5%Net Rooms Growth5.5% to 6%(in millions)Full Year 2024Net IncomeApprox. $560Management, Franchise, License, and Other Fees$1,100 - $1,130Adjusted SG&A2, 3$425 - $435Adjusted EBITDA2$1,175 - $1,225
Tailwinds
- System-Wide RevPAR13% to 5%
- Net Rooms Growth5.5% to 6%
- Full Year 2024 Net Income Approx. $560
- Management, Franchise, License, and Other Fees $1,100 - $1,130
- Adjusted EBITDA $1,175 - $1,225
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 Q4 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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