Hyatt Hotels (NYSE: H) reported Q4 EPS of $0.47, $0.22 better than the analyst estimate of $0.25.

Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, "We had a strong finish to the year, delivering nearly 12% growth in fee revenues and 7.4% net rooms growth, fueled by a record-setting 90 new hotels opened across our system in 2019. We ended the year with a material increase in the percentage of our earnings coming from our managed and franchise fee business. This was driven by consistent execution of our strategy to concurrently drive our organic growth and continue to reduce our holdings of hotel real estate at attractive valuations."

Fourth quarter 2019 financial results as compared to fourth quarter 2018 are as follows:

• Net income increased 621.5% to $321 million.
• Adjusted EBITDA increased 5.3% to $191 million, up 5.7% in constant currency.
• Comparable system-wide RevPAR decreased 0.5%, and was negatively impacted by approximately 110 basis points as a result of political unrest in Hong Kong, and by approximately 60 basis points from the timing of the Jewish holidays. RevPAR increased 1.4% at comparable owned and leased hotels.
• Comparable U.S. hotel RevPAR decreased 1.3%; full service and select service U.S. hotel RevPAR decreased 1.1% and 1.8%, respectively.
• Comparable owned and leased hotels operating margin was flat at 24.6%.
• Adjusted EBITDA margin increased 100 basis points to 29.7% in constant currency.

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