Hyatt Hotels Corporation

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SKU: H-1 Category:

Description

Hyatt’s global performance in the recent quarter was encouraging as its reported revenues were on par with analyst expectations. The company saw a robust top-line growth, with RevPAR surging by 8.9% in the quarter and managed an earnings beat. All customer segments exhibit solid demand, evidenced by a 4% surge in leisure transient revenue over a strong third quarter last year. Leisure travel remains elevated. Business transient revenue has rebounded impressively, boasting a 19% increase and recovering to around 90% compared to the third quarter of 2019. Group room revenue also thrived. World of Hyatt’s loyalty program continues to flourish, gaining nearly 8 million new members in the past year, marking a 24% increase. Notably, enrollments at ALG properties remain robust, surpassing 1 million members since the platform’s launch last year. The acquisition of ALG two years ago has proven highly successful, with a 12% expansion in the portfolio, an 11% growth in the pipeline, and Unlimited Vacation Club memberships rising by 19%. ALG Vacations’ adjusted EBITDA has increased tenfold since 2019, showcasing impressive growth. Looking forward, Hyatt’s team anticipates a busy fourth quarter with multiple property openings. Asset sales progress is notable, with signed agreements and increased activity. The management is confident in meeting the $2 billion disposition commitment by the end of 2024.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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