Hyatt Hotels (H) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 61.05%. A quarter ago, it was expected that this hotel operator would post earnings of $0.73 per share when it actually produced earnings of $0.71, delivering a surprise of -2.74%.Over the last four quarters, the company ...

Exhibit 99.1 HYATT REPORTS SECOND QUARTER 2024 RESULTS CHICAGO (August 6, 2024) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported second quarter 2024 results. Highlights include: Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "We posted solid second quarter results demonstrating our differentiated positioning and continued momentum. System-wide RevPAR grew by 4.7% and net rooms growth was 4.6%, generating record gross fee revenue of $275 million in th ...

Core Viewpoint - Hyatt Hotels is expected to report a quarterly earnings per share (EPS) of $1.29, reflecting a 57.3% increase year-over-year, with revenues projected at $1.76 billion, a 3% increase from the previous year [1] Financial Performance Estimates - Analysts have revised the consensus EPS estimate upward by 4.5% over the past 30 days, indicating a positive reassessment of the company's performance [1] - The average estimate for 'Revenues- Owned and Leased Hotels' is $310.63 million, showing a decline of 8.9% year-over-year [2] - 'Other revenues' are expected to reach $49.54 million, reflecting a significant decrease of 30.2% from the same quarter last year [2] - 'Revenues- Distribution and destination management' is projected at $255.33 million, indicating a decline of 6.5% from the prior year [2] Key Metrics Projections - 'Revenues- Net management, franchise, and other fees' is estimated at $272.77 million, representing a 15.6% increase year-over-year [3] - The average daily rate (ADR) for comparable systemwide hotels is projected to be $210.71, up from $207.37 in the previous year [3] - Occupancy for comparable systemwide hotels is expected to reach 73.2%, compared to 71.6% last year [3] - Revenue per available room (RevPAR) for comparable systemwide hotels is forecasted at $154.66, an increase from $148.39 in the same quarter last year [3] - ADR for comparable owned and leased hotels is projected at $287.07, up from $278.45 year-over-year [3] Additional Insights - The consensus estimate for occupancy in comparable owned and leased hotels stands at 76.2%, compared to 74% in the same quarter last year [4] - RevPAR for comparable owned and leased hotels is estimated at $218.89, up from $205.96 in the previous year [4] - Total rooms/units for owned and leased hotels are expected to reach 11,057, down from 13,334 year-over-year [4] - The total number of properties owned and leased is projected to be 30, down from 34 in the same quarter last year [4] - Over the past month, Hyatt Hotels shares have decreased by 5.5%, while the Zacks S&P 500 composite has seen a decline of 0.4% [4]

Hyatt Hotels Corporation (H) is scheduled to report second-quarter 2024 results on Aug 6 before the opening bell.In the last quarter, the company’s adjusted earnings and revenues missed the Zacks Consensus Estimate by 2.7% and 0.4%, respectively.H’s earnings topped the consensus mark in two of the trailing four quarters and missed on the remaining two occasions, the average surprise being 20.3%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for second-quarter adjusted earnings per share (EPS) ha ...

Finding the best hotel stocks to buy can be a strategic move with the travel and tourism sector experiencing a significant rebound in 2024. Strong U.S. consumer spending trends in the first half of the year continue to fill the pent-up demand for both business and leisure travel. UN Tourism, an entity of the United Nations, forecasts international travel to reach pre-pandemic levels this year. A persistent recovery in Asia and the Middle East contributed to tourism reaching 97% of pre-pandemic levels in the ...

Investment Community Teleconference Set for August 14, 2024 at 8 a.m. ETTORONTO, July 12, 2024 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its second quarter financial results the morning of August 14, 2024, before North American financial markets open. A summary of the results will be distributed by newswire and the complete MD&A and financial statements will be posted at www.hydroone.com/investors and www.sedarplus.com. ...

Hyatt Hotels Corporation (H) aims to expand into new European markets with the acquisition of the me and all hotels brand from Lindner Hotels AG by a Hyatt affiliate.This follows a 2022 collaboration that increased H's brand presence in Germany and Europe, integrating most Lindner Hotels & Resorts and me and all hotels into the World of Hyatt loyalty program. After the transaction, me and all hotels will become a standalone brand within H's global lifestyle portfolio, which quintupled in rooms between 2017 ...

Hyatt Hotels Corporation (H) expands its brand presence in New Orleans with the addition of Maison Métier and The Barnett to its portfolio as affiliated hotels. Owned by The Domain Companies and managed by HRI Hospitality, these properties will join Hyatt’s Independent Collection and are expected to participate in the World of Hyatt loyalty program this year.The company's Independent Collection brands feature unique properties, each offering distinctive brands and experiences. These range from storied hotel ...

The Zacks Hotels and Motels industry performance in 2024 is likely to be impacted by high costs, heightened geopolitical risks and persistent macroeconomic uncertainty. However, industry participants focus on expansion efforts, hotel conversions, strategic partnerships and loyalty programs bode well. The industry has exhibited resilience behind cost-saving initiatives and digital enhancements. Hotel owners continue to focus on maintaining a balance between maximizing hotel profitability and driving guest sa ...

42nd Street with traffic and view of Hyatt hotel, Pershing Square Plaza and Grand Central station, ... [+] New York City. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)UCG/Universal Images Group via Getty ImagesHyatt stock has gained close to 14% since early 2024, roughly in line with the S&P 500. In comparison, rival Hilton stock is up about 17% over the same period. There are a couple of trends driving the recent price appreciation. Travel and leisure demand has remained robust, ...