Hyatt Hotels (H) Tops Q4 EPS by 27c

February 23, 2024 6:59 AM EST

Hyatt Hotels (NYSE: H) reported Q4 EPS of $0.64, $0.27 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.61 billion.

Full Year 2024 vs. 2023

System-Wide RevPAR1

3% to 5%

Net Rooms Growth

5.5% to 6%

(in millions)

Full Year 2024

Net Income

Approx. $560

Management, Franchise, License, and Other Fees

$1,100 - $1,130

Adjusted SG&A2, 3

$425 - $435

Adjusted EBITDA2

$1,175 - $1,225

Net Deferrals + Net Financed Contracts

N/A - Refer to Transactions and Capital Strategy
section of the Earnings Release

Capital Expenditures

Approx. $170

Free Cash Flow2

$625 - $675

Capital Returns to Shareholders4

$550 - $600

1 RevPAR is based on constant currency whereby previous periods are translated based on the current period exchange rate. RevPAR percentage for 2024 vs. 2023 is based on comparable hotels.

2 Refer to the tables beginning with schedule A-15 for a reconciliation of estimated net income attributable to Hyatt Hotels Corporation to EBITDA and EBITDA to Adjusted EBITDA, selling, general, and administrative expenses to Adjusted selling, general, and administrative expenses, and net cash provided by operating activities to Free Cash Flow.

3 Adjusted SG&A outlook excludes integration related expenses.

4 The Company expects to return capital to shareholders through a combination of cash dividends on its common stock and share repurchases.

No disposition or acquisition activity beyond what has been completed as of the date of this release has been included in the 2024 Outlook. The Company's 2024 Outlook is based on a number of assumptions that are subject to change and many of which are outside the control of the Company. If actual results vary from these assumptions, the Company's expectations may change. There can be no assurance that Hyatt will achieve these results.

For earnings history and earnings-related data on Hyatt Hotels (H) click here.

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