Hyatt reports Q2 RevPAR up 5.9%, Adjusted EBITDA $297M, reaffirms full-year outlook

Hyatt disclosed its second quarter 2026 financial results through a press release. The 8-K body itself does not contain specific financial metrics; those would be in the attached Exhibit 99.1 press release, which is not included in the provided text.

All-inclusive resorts saw Net Package RevPAR decline 1.2% year-over-year, driven by softer demand linked to security concerns in Mexico and reduced airlift to certain destinations. Additionally, geopolitical conflict in the Middle East reduced overall hotel RevPAR growth by approximately 110 basis points. The company notes that while booking trends in Mexico are improving sequentially, the pace of recovery has been slower than previously anticipated.

Hyatt reaffirmed its full-year 2026 outlook, projecting system-wide hotel RevPAR growth of 3.5% to 4.5% and net rooms growth of approximately 6%. Net income is expected between $250 million and $335 million, while Adjusted EBITDA is projected at $1,155 million to $1,205 million (up 13% to 18% on an adjusted basis). The company plans to return $325 million to $375 million to shareholders through dividends and share repurchases. The outlook reflects strong U.S. performance including the FIFA World Cup, offset by slower-than-expected recovery in Mexico and timing shifts in hotel openings.

Hyatt repurchased 62,605 shares for $12 million in Q2 2026 and returned a total of $175 million to shareholders year-to-date through dividends and buybacks. The board declared a $0.15 per share quarterly dividend for Q3 2026, payable September 10, 2026 to shareholders of record as of August 27, 2026. As of June 30, 2026, approximately $1.5 billion remained under the share repurchase authorization.

Hyatt's development pipeline grew 4.4% year-over-year to approximately 154,000 rooms under executed contracts. Net rooms growth for the trailing twelve months was 3.9%, or 4.4% excluding Playa-related removals. The company opened 3,585 rooms in Q2, including Miraval The Red Sea (first Miraval outside the U.S.) and The Barai Hua Hin (introducing The Unbound Collection to Thailand). Hyatt also announced a strategic master franchise agreement with Dossen Group to expand the Hyatt Select brand in mainland China.

Hyatt reported second quarter 2026 results with Adjusted EBITDA of $297 million (up 17% year-over-year), net income of $110 million, diluted EPS of $1.14, and gross fees of $324 million. System-wide hotels RevPAR grew 5.9% and net rooms growth was 3.9% (or 4.4% excluding certain Playa rooms removed in the second half of 2025).

Hyatt provided full-year 2026 guidance projecting system-wide RevPAR growth of 3.5% to 4.5%, approximately 6% net rooms growth, net income of $250 million to $335 million, gross fees of $1,305 million to $1,335 million, Adjusted EBITDA of $1,155 million to $1,205 million, Adjusted Free Cash Flow of $580 million to $630 million, and capital returns to shareholders of $325 million to $375 million. The Adjusted EBITDA outlook reflects a reduction of $78 million in 2025 owned and leased segment Adjusted EBITDA to account for the period of ownership of hotels acquired as part of the Playa Hotels Acquisition and the impact of assets sold in 2025.

Hyatt disclosed that World of Hyatt membership reached approximately 69 million members as of June 30, 2026, representing 17% year-over-year growth. The company highlighted that it has 55% more members per hotel versus its closest competitor based on December 31, 2025 public filings.

Hyatt declared a quarterly dividend of $0.15 per share for the third quarter, payable on September 10, 2026 to shareholders of record as of August 27, 2026. Year-to-date capital returns totaled $175 million through dividends and share repurchases.

Following 2025 asset sales, Hyatt disclosed that its remaining owned asset portfolio (excluding leases) is estimated to be valued at $2.2 billion to $2.5 billion, comprising 7 luxury and luxury wellness hotels and 10 business and convention hotels. The company continues to execute its asset-light strategy while retaining management or franchise agreements on sold properties.