Hyatt Hotels (H) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.70 per share a year ago.
H's third-quarter 2024 results are likely to have aided by heightened leisure and business travel demand across the company's customer segments.
Beyond analysts' top -and-bottom-line estimates for Hyatt Hotels (H), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Hyatt Hotels (H) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mark Hoplamazian, CEO of Hyatt, discusses the hotel giant's business in China, amid changing travel trends and a closely-watched US presidential election.
Hyatt Hotels Corporation stock (NYSE: H) has gained close to 15% since the beginning of 2024 while its rival Hilton stock is up about 27% over the same period. There are a couple of trends driving the recent price appreciation.
H continues to make remarkable strides in its select service segment, with 25% pipeline growth in the Americas over the past three years.
The positive internal developments for Hyatt are the increase in leisure travel revenue exposure and the growth in asset-light businesses' earnings contribution. H also benefits from external developments relating to the Fed's rate cut and China's policies to strengthen the economy. Hyatt is trading at a lower EV/EBITDA multiple as compared to its peers, and I think that there are re-rating catalysts in the form of favorable internal and external developments.
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H is boosting its lifestyle offerings through the acquisition of Standard International. Also, the enhancement of the World of Hyatt loyalty program bodes well.
H is likely to benefit in the upcoming period with the opening of Hyatt Centric Delfina Santa Monica in California, along with property upgrades on the way.
Marriott International, Hilton Worldwide and Hyatt Hotels have been highlighted in this Industry Outlook article.