Exhibit 99.1 HYATT REPORTS FIRST QUARTER 2024 RESULTS CHICAGO (May 9, 2024) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported first quarter 2024 results. Highlights include: Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter. Our pipeline also reached a new record, expanding 10% year-over-year to 129,000 rooms, and we realized net rooms growth of 5.5% ...

Investors are always looking for stocks that are poised to beat at earnings season and Hyatt Hotels Corporation (H) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Hyatt Hotels is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...

Earnings Report and Estimates - Hyatt Hotels Corporation is scheduled to report first-quarter 2024 results on May 9, with a previous earnings surprise of 68.4% in the last reported quarter [1] - The Zacks Consensus Estimate for first-quarter EPS is 73 cents, indicating a 78.1% improvement from 41 cents in the year-ago quarter [2] - Revenue consensus is approximately $1.72 billion, suggesting a 2.4% increase from the year-ago quarter [2] Performance Drivers - Hyatt's first-quarter 2023 performance is expected to benefit from robust leisure and business transient demand, expansion initiatives, and loyalty programs [3] - Comparable systemwide hotels' RevPAR is expected to increase 6.2% year over year to $138.6, with average daily rate and occupancy rates increasing 0.1% to $202.4 and 400 basis points to 68.5%, respectively [3] - The World of Hyatt loyalty program is enhancing its offerings, which is anticipated to increase room night penetration and make Hyatt's brands more appealing to property owners [4] Expansion and Strategy - Hyatt is expanding its market reach and accommodating various price ranges, which stimulates loyalty membership and attracts hotel developers and owners [5] - The company expects first-quarter total managed and franchised properties to increase 7.7% year over year to 1,485 [5] - Hyatt sold 80% of its Unlimited Vacation Club (UVC) business for $80 million but will maintain management responsibilities, with forecasts suggesting management and royalty fees will exceed $60 million for the rest of 2024 [6] Earnings Model and Valuation - The Zacks model predicts an earnings beat for Hyatt, with an Earnings ESP of +13.79% and a Zacks Rank of 3 [7][8] - Hyatt's shares have surged by 43.8% in the past six months, outperforming the industry gain of 24.9% [9] - The stock is currently trading at 41.94X forward 12-month price-to-earnings, compared to 23.95X for the Zacks sub-industry and 16.66X for the Zacks sector [9] Other Stocks with Earnings Potential - Funko, Inc. (FNKO) has an Earnings ESP of +6.90% and a Zacks Rank of 2, with expected earnings increase of 40.8% for the to-be-reported quarter [11] - Fox Corporation (FOXA) has an Earnings ESP of +2.98% and a Zacks Rank of 3, with expected earnings increase of 4.3% for the to-be-reported quarter [11] - Choice Hotels International, Inc. (CHH) has an Earnings ESP of +0.44% and a Zacks Rank of 3, with expected earnings increase of 2.7% for the to-be-reported quarter [12]

Wall Street analysts forecast that Hyatt Hotels (H) will report quarterly earnings of $0.73 per share in its upcoming release, pointing to a year-over-year increase of 78.1%. It is anticipated that revenues will amount to $1.72 billion, exhibiting an increase of 2.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projec ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Hyatt Hotels (H) , which belongs to the Zacks Hotels and Motels industry, could be a great candidate to consider.This hotel operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 42.54%.For the last reported quarter, Hyatt Hotels came out wit ...

Hyatt Hotels Corporation (H) , in collaboration with El Pardo Hospitality, recently announced the addition of the Legend Paracas Resort in Paracas to the Destination by Hyatt brand. This marks the brand's first property in South America and the 15th Hyatt hotel in the region.Nestled on the coast of Peru, the hotel comprises 124 rooms, a fitness center, a pool and dining spaces. The property is designed to facilitate immersive experiences, featuring authentic designs and hospitality. It offers convenient acc ...

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 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 satis ...

NEW YORK, NY - MAY 21: One of the entrance of the International Hotel Grand Hyatt is seen shuttered ... [+] during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City. (Photo by Eduardo MunozAlvarez/VIEWpress via Getty Images)Corbis via Getty ImagesHyatt stock has rallied by almost 22% since early 2024, outperforming the broader S&P 500 which remains up by about 10% over the same period. There are a couple of trends driving the recent price appreciation. Travel and leisure demand has rema ...

Hyatt Hotels Corporation (H) is benefiting from robust leisure and business transient demand, expansion initiatives and loyalty program. Also, strengthening group demand in the United States is encouraging.Shares of this Zacks Rank #2 (Buy) company grew 52.4% in the past six months, outperforming the Zacks Hotels and Motels industry’s 29.7% growth. The uptrend is most likely attributable to the strong global travel demand, especially improvements in Greater China, resulting in the increase in occupancy and ...

MIAMI BEACH, Fla.--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) announced an update on the anticipated renovation of The Confidante Miami Beach and its complete transformation into the new Andaz Miami Beach, which is slated to open in the fourth quarter of 2024. The new hotel, which is owned by Sunstone Hotel Investors, Inc., will go beyond the familiar to discover and define guests’ personal essence while immersing themselves in the spirit of the eclectic culture around them through a barrier-free r ...