CHICAGO, Illinois—Hyatt Inns Company reported its fourth-quarter and full-year 2025 outcomes. Highlights embrace:
- Comparable system-wide lodges RevPAR progress was 4.0 % within the fourth quarter and a pair of.9 % for the total 12 months of 2025, in comparison with the identical durations in 2024
- Comparable system-wide all-inclusive resorts Internet Bundle RevPAR progress was 8.3 % within the fourth quarter and eight.6 % for the total 12 months of 2025, in comparison with the identical durations in 2024
- Internet rooms progress was 7.3 % for the total 12 months of 2025, and web rooms progress excluding acquisitions was 6.7 %.
- Pipeline of executed administration and franchise contracts was roughly 148,000 rooms, up 7 % in comparison with 2024
- Internet revenue (loss) attributable to Hyatt Inns Company was $(20) million within the fourth quarter and $(52) million for the total 12 months of 2025. Adjusted Internet Revenue was $126 million within the fourth quarter and $209 million for the total 12 months of 2025
In the course of the first quarter of 2026, the corporate adjusted its definition of Adjusted EBITDA and can not embrace Hyatt’s professional rata share of unconsolidated owned and leased hospitality ventures’ Adjusted EBITDA
Diluted EPS was $(0.21) within the fourth quarter and $(0.55) for the total 12 months of 2025. Adjusted Diluted EPS was $1.33 within the fourth quarter and $2.19 for the total 12 months of 2025
Gross charges have been $307 million within the fourth quarter, a rise of 4.5 % in comparison with the fourth quarter of 2024, and $1,198 million for the total 12 months of 2025, a rise of 9.0 % in comparison with the total 12 months of 2024
Adjusted EBITDA was $292 million within the fourth quarter, a rise of 14.6 % in comparison with the fourth quarter of 2024, or a rise of three.8 % after adjusting for belongings offered in 2024 and the Playa Inns Acquisition. Full 12 months 2025 Adjusted EBITDA was $1,159 million, a rise of 5.8 % in comparison with the total 12 months of 2024, or a rise of seven.4 % after adjusting for belongings offered in 2024 and the Playa Inns Acquisition.
Assertion from Mark S. Hoplamazian
Mark S. Hoplamazian, president and chief govt officer of Hyatt, mentioned, “We ended 2025 with nice momentum, marked by sturdy execution towards our strategic priorities and continued progress towards changing into a extra brand-focused group. We achieved distinctive business and working efficiency in 2025 and expanded our portfolio and community impact by means of disciplined transactions and robust natural progress.”
Hoplamazian continued, “As we glance to the longer term, we’re centered on accelerating this momentum by additional advancing the evolution of our manufacturers, our expertise, and our use of expertise. Collectively, we consider these priorities will place Hyatt to turn out to be probably the most responsive, most revolutionary, and best-performing hospitality firm—and in the end, probably the most chosen by our stakeholders.”
Fourth Quarter Operational Commentary
- RevPAR progress within the fourth quarter was highest amongst Luxurious and Higher Upscale chain scales. Leisure transient continued to be the strongest buyer phase, whereas group additionally had a powerful quarter, helped by the timing of the Rosh Hashanah vacation, which occurred within the third quarter of 2025 in comparison with the fourth quarter of 2024.
- Internet Bundle RevPAR elevated 8.3 % within the fourth quarter in comparison with the identical interval in 2024.
- Gross charges elevated 4.5 % within the fourth quarter in comparison with the identical interval in 2024, or 5.4 % excluding the impression of the Playa Inns Acquisition.
- Base administration charges: elevated 8.1 % from the contribution of newly-opened lodges and managed lodge RevPAR progress exterior of america.
- Incentive administration charges: elevated 13.0 %, led by newly-opened lodges, lodge efficiency in Asia Pacific, and all-inclusive lodge efficiency in Europe.
- Franchise and different charges: decreased 3.8 % as a result of elimination of franchise charges from the 8 Hyatt Ziva and Hyatt Zilara properties that have been a part of the Playa Inns Acquisition and decrease demand at choose service properties in america, partially offset by charges from newly opened lodges.
- Owned and leased phase Adjusted EBITDA declined 1.5 % within the fourth quarter in comparison with the fourth quarter of 2024 after adjusting for belongings offered in 2024 and the interval of possession of the lodges acquired as a part of the Playa Inns Acquisition on account of renovations at sure properties.
- Distribution phase Adjusted EBITDA declined within the fourth quarter in comparison with the fourth quarter of 2024 as a result of impression of Hurricane Melissa and decrease reserving volumes in four-star and under properties.
Openings and Growth
- In the course of the fourth quarter, the corporate opened 8,253 rooms, together with Park Hyatt Cabo del Sol, marking Hyatt’s first Park Hyatt lodge in Mexico; Andaz One Bangkok, which opened as a part of the One Bangkok mixed-use growth; and Hyatt Studios Huntsville.
- In 2025, the corporate had pipeline progress of seven % in comparison with 2024. 2025 signings in america have been up roughly 30 % over 2024, together with greater than 25 Hyatt Choose offers signed in the course of the 12 months, and the pipeline of Hyatt Studios properties grew to roughly 70 since saying the model in 2023. The pipeline in Asia Pacific elevated by 7 % in comparison with 2024, with sturdy signing exercise in Better China and India.
Transactions
In the course of the fourth quarter, the corporate:
- Closed on the sale of Alua Atlántico Golf Resort, Alua Tenerife, and AluaSoul Orotava Valley for a gross buy value of roughly $140 million and entered into long-term administration agreements for every property. Internet proceeds have been used to repay a portion of the $1.7 billion delayed draw time period mortgage used to finance a portion of the Playa Inns Acquisition.
- Accomplished the Playa Actual Property Transaction and used the proceeds to repay the quantities excellent below the $1.7 billion delayed draw time period mortgage, which was terminated upon reimbursement. The corporate entered into 50-year administration agreements for 13 of the 14 properties. The Playa Actual Property Transaction fulfilled Hyatt’s dedication introduced on February 10, 2025, to promote a minimum of $2 billion of actual property.
Stability Sheet and Liquidity
As of December 31, 2025, the corporate reported the next:
- Whole debt of $4.3 billion.
- Whole liquidity of $2.3 billion, inclusive of:
- $813 million of money and money equivalents, and short-term investments, and
- $1,497 million of borrowing capability below Hyatt’s revolving credit score facility, web of letters of credit score excellent.
- Whole remaining share repurchase authorization of $678 million. The corporate repurchased $114 million of Class A standard inventory in the course of the fourth quarter and repurchased a complete of $293 million of Class A standard inventory for the total 12 months of 2025.
- The corporate’s board of administrators has declared a money dividend of $0.15 per share for the primary quarter of 2026. The dividend is payable on March 12, 2026, to Class A and Class B stockholders of report as of March 2, 2026.
