Hyatt Hotels (H) investor relations material

Executive summary

• System-wide RevPAR grew 5.4% year-over-year in Q1 2026, led by luxury brands and strong international demand, with premium leisure and group travel as key drivers.

• Net rooms grew 5.0% over the trailing twelve months, with a record pipeline of 151,000 rooms, up 9.4% year-over-year.

• World of Hyatt loyalty program membership rose 18% to 66 million, with members accounting for nearly half of occupied rooms.

• Net income attributable to shareholders was $38 million, with diluted EPS of $0.40 and Adjusted EBITDA of $266 million.

• Operates in 83 countries with 1,548 hotels and 375,260 rooms, holding the largest portfolio of luxury branded rooms in resort locations globally.

Financial highlights

• Gross fees increased 8.6% to $333 million, driven by managed portfolio performance and new hotel openings.

• Base management fees rose 10.9%, incentive management fees 13.8%, and franchise/other fees 3.1% year-over-year.

• Adjusted EBITDA was $266 million, up 2.1% year-over-year, or 2.9% after adjusting for asset sales.

• Owned and leased segment Adjusted EBITDA declined by $2 million (adjusted for asset sales); distribution segment EBITDA declined due to temporary factors like Jamaica hotel closures and lower Mexico demand.

• $149 million returned to shareholders in Q1 via share repurchases and dividends; $543 million remains under repurchase authorization.

Outlook and guidance

• Full-year 2026 system-wide RevPAR growth outlook raised to 2%-4%; U.S. RevPAR expected to grow 2%-3%.

• Net rooms growth expected at 6%-7% for the year, with continued momentum in new brands.

• Gross fees outlook raised to $1.305-$1.335 billion (9%-11% growth); adjusted EBITDA expected to grow 13%-18% to $1.155-$1.205 billion.

• Adjusted free cash flow outlook maintained at $580-$630 million (20%-30% growth), with at least 50% EBITDA conversion.

• $325-$375 million capital return to shareholders planned for the year.