Hyatt Hotels (H) Baird 2024 Global Consumer, Technology, and Services Conference summary

Business Overview and Growth Strategy

• Operates in 78 countries with 1,341 hotels and over 320,000 rooms, maintaining an industry-leading pipeline as a percentage of its base.

• Holds the world's largest portfolio of luxury branded rooms in resort locations, with approximately 323,405 rooms and a record pipeline of about 129,000 rooms.

• Achieved 76% asset-light mix at end of 2023, targeting over 80% by year-end 2024 through ongoing asset sales.

• System-wide rooms grew from 186,000 in 2017 to 322,000 in 2023, a 73% increase.

• Focuses on network effect, delivering industry-leading net rooms growth for seven consecutive years and aiming to continue this trend.

Market Trends and Demand Outlook

• Strong demand from high-income customers, with Q1 leisure travel up 6% globally and all-inclusive resorts seeing 11% RevPAR growth.

• Double-digit growth in resort bookings, with robust summer travel expected, especially for major events in Europe.

• Caribbean, Latin America, and Asia-Pacific show good pace, with Chinese travel rebounding strongly post-lockdowns.

Group and Corporate Business Trends

• U.S. group pace up high single digits for the remainder of 2024, with double-digit pace increases for 2025 and 2026.

• Larger association groups are booking multiple cities, compressing rates and benefiting both leisure and business segments.