Hyatt Hotels Corporation reported Q4 earnings of $0.64 per share, exceeding estimates, with a 4.5% year-over-year revenue increase.
Hyatt Hotels Corporation reported better-than-expected Q4 earnings, with adjusted earnings of $0.64 per share, exceeding estimates by $0.26. The company's Q4 revenue reached $1.66 billion, a 4.5% increase year-over-year. Hyatt's system-wide RevPAR increased by 9.1% in Q4, and the company added 29 new hotels and 9,648 rooms in Q4. For 2024, Hyatt expects system-wide RevPAR to rise by 3-5%, with net room growth of 5.5-6%.
February 23, 2024
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