Hyatt Hotels — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001468174-24-000105
Showing in the filing
Net Income
“between $1,400 million and $1,450 million”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 12
Net Income for FY2024
“between $1,400 million and $1,450 million”
Adjusted EBITDA for FY2024
“between $1,100 million and $1,120 million”
Capital Returns to Shareholders for FY2024
“approximately $1,250 million”
Asset-light earnings mix for FY2025
“exceed 80%”
Cash dividend per share for Q4 FY2024
“$0.15 per share”
Comparable system-wide hotels RevPAR (consta… for FY2024
“3.0% to 4.0%”
Net Rooms Growth for FY2024
“7.75% to 8.25%”
Net Rooms Growth excluding Bahia Principe Tr… for FY2024
“4.0% to 4.5%”
Gross Fees for FY2024
“$1,085 - $1,110”
Adjusted G&A Expenses for FY2024
“$425 - $435”
Capital Expenditures for FY2024
“Approx. $170”
Free Cash Flow for FY2024
“$380 - $410”
Exhibit 99.1 · the passage around this item
… earlier in the release
Highlights include: • Comparable system-wide hotels RevPAR increas ed 3.0% compared to the same period in 2023 • Comparable system-wide all-inclusive resorts Net Package RevPAR decreased 0.9% compared to the same period in 2023 • Net Rooms Growth was approxim ately 4.3% • Net Income was $471 million and Adjusted Net Income was $96 million • Diluted EPS was $4.63 and Adjusted Diluted EPS was $0.94 • Adjusted EBITDA was $275 million • Pipeline of executed management or franchise contracts was approximately 135,000 rooms • Repurchased approximat ely 4.5 million shares of Class A and Class B common stock for an aggregate purchase price of $657 million • Full year comparable system-wide hotels RevPAR is projected to increase 3.0% to 4.0% on a constant currency basis compared to full year 2023 • Full year Net Income is projected between $1,400 million and $1,450 million • Full year Adjusted EBITDA is projected between $1,100 million and $1,120 million • Full year Capital Returns to Shareholders is projected to be approximately $1,250 million Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "We reported solid third quarter results, with gross fee revenues reaching $268 million. Our pipeline reached a new record of approximately 135,000 rooms, increasing 10% year-over-year, and World of Hyatt membership expanded to a record of 51 million members, growing a remarkable 22% year-over-year. Our operating results and capital allocation strategy, including the completion of our 2021 asset-disposition commitment, acquisition of Standard International, and planned joint venture transaction to manage Bahia Principe branded hotels and resorts, demonstrate the strength of our asset-light earnings model leading to the return of over $1.2 billion to shareholders through share repurchases and dividends so far this year." Refer to the table on page A-7 of the schedules for a summary of special items impacting Adjusted Net Income and Adjusted Diluted EPS for the three months and nine months ended September 30, 2024. Note: All RevPAR and A
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.