CHICAGO, Illinois—Hyatt Lodges Company reported its third-quarter 2025 outcomes. Highlights embrace:
- Comparable system-wide resorts RevPAR elevated 0.3 %, in comparison with the third quarter of 2024.
- Internet rooms progress was 12.1 %, and internet rooms progress excluding acquisitions was 7.0 %.
- Internet revenue (loss) attributable to Hyatt Lodges Company was $(49) million, and Adjusted Internet Earnings (Loss) was $(29) million.
- Diluted EPS was $(0.51) and Adjusted Diluted EPS was $(0.30).
- Gross charges have been $283 million, a rise of 5.9 %, in comparison with the third quarter of 2024.
- Adjusted EBITDA was $291 million, a rise of 5.6 %, in comparison with the third quarter of 2024, or a rise of 10.1 % after adjusting for belongings bought in 2024.
- The pipeline of executed administration or franchise contracts was roughly 141,000 rooms, a rise of 4.4 %, in comparison with the third quarter of 2024.
- Full 12 months 2025 Outlook: The next metrics don’t embrace the influence of the Playa Lodges Acquisition and the pending Playa Actual Property Transaction.
- Comparable system-wide resorts RevPAR progress is projected between 2 % to 2.5 %, in comparison with the total 12 months 2024.
- Internet rooms progress excluding acquisitions is projected between 6.3 % to 7.0 %, in comparison with the total 12 months 2024.
- Internet revenue is projected between $70 million and $86 million.
- Adjusted EBITDA is projected between $1,090 million and $1,110 million, a rise of seven % to 9 % after adjusting for belongings. bought in 2024, in comparison with the total 12 months 2024.
- Capital returns to shareholders are projected to be roughly $350 million, by means of a mix of dividends and share repurchases.
Subsequent to the top of the third quarter, the corporate introduced an expanded settlement with Chase that rewards World of Hyatt cardmembers for stays throughout Hyatt’s world portfolio. The influence to Adjusted EBITDA associated to the economics of the bank card applications and comparable third-party relationships is predicted to greater than double from 2025 to 2027, with anticipated continued progress in future years.
Mark S. Hoplamazian, president and chief government officer of Hyatt, mentioned, “Our third quarter outcomes replicate the energy of our core payment enterprise and our disciplined method to value administration. As we proceed our evolution to a brand-led group, we’re targeted on elevating visitor experiences, deepening buyer loyalty by means of World of Hyatt, and increasing into high-growth segments and geographies. Wanting into the fourth quarter and past, we imagine our high-end buyer base, sturdy pipeline with vital white area for progress, and quickly increasing loyalty program place us to drive sustained progress and create long-term worth for our shareholders.”
Third Quarter Operational Commentary
- Luxurious chain scales drove RevPAR progress within the third quarter. Leisure transient RevPAR was the strongest space of progress, whereas group RevPAR progress was negatively impacted by roughly 100 bps as a result of timing of the Rosh Hashanah vacation, which occurred within the third quarter this 12 months, in comparison with the fourth quarter final 12 months.
- Internet Bundle RevPAR elevated 7.6 % within the third quarter in comparison with the third quarter final 12 months.
- Gross charges elevated 5.9 % within the quarter, in comparison with the third quarter final 12 months or 6.3 % excluding the influence of the Playa Lodges Acquisition.
- Base administration charges: elevated 10 %, pushed by managed resort RevPAR progress outdoors of the US and the contribution of newly-opened resorts.
- Incentive administration charges: grew 2 %, led by newly-opened resorts and resort efficiency in Asia Pacific excluding Better China.
- Franchise and different charges: expanded 4 %, because of non-RevPAR payment contributions and newly-opened resorts, offset by the elimination of charges from the 8 Hyatt Ziva and Hyatt Zilara properties that have been a part of the Playa Lodges Acquisition.
- Owned and leased phase Adjusted EBITDA elevated 7 %, in comparison with the third quarter of 2024, after adjusting for belongings bought in 2024 and the influence of the Playa Lodges Acquisition. Comparable owned and leased margin decreased by 40 bps within the third quarter, in comparison with the identical interval in 2024.
- Distribution phase Adjusted EBITDA declined in comparison with the third quarter of 2024, because of decrease reserving volumes and the lapping of a one-time profit from ALG Holidays journey credit final 12 months, which was not offset by larger pricing and efficient value administration.
Openings and Improvement
Throughout the third quarter, the corporate:
- Opened 5,163 rooms. Notable openings included:
- Park Hyatt Kuala Lumpur within the tallest skyscraper in Asia Pacific, Park Hyatt Johannesburg, Secrets and techniques Playa Esmeralda Resort and Spa in Punta Cana, and Hyatt Regency Occasions Sq., the primary Hyatt Regency property in Manhattan.
- Introduced a brand new grasp franchise settlement with HomeInns Lodge Group. Underneath this settlement, HomeInns Lodge Group plans to open 50 Hyatt Studios-branded resorts over the subsequent a number of years and develop a pipeline to gasoline future progress throughout China.
Transactions
The corporate has offered the next updates on the Playa Actual Property Transaction and the 15 properties acquired from the Playa Lodges Acquisition:
- Hyatt expects to shut on the Playa Actual Property Transaction to promote 14 properties by the top of the 12 months and use the proceeds to repay the quantities excellent below the $1.7 billion delayed draw time period mortgage used to finance a portion of the Playa Lodges Acquisition. Concurrent with the sale, the corporate will enter into 50-year administration agreements for 13 of the 14 properties. The remaining property is topic to a separate contractual association.
- On September 18, 2025, one property in Playa del Carmen was bought to a separate third-party purchaser for roughly $22 million. Internet proceeds of the sale have been used to repay a portion of the delayed draw time period mortgage.
Steadiness Sheet and Liquidity
As of September 30, 2025, the corporate reported the next:
- Whole debt of $6.0 billion, inclusive of the $1.7 billion delayed draw time period mortgage facility.
- Whole liquidity of $2.2 billion, inclusive of:
- $749 million of money and money equivalents, short-term investments, and
- $1,497 million of borrowing capability below Hyatt’s revolving credit score facility, internet of letters of credit score excellent.
- Whole remaining share repurchase authorization of $792 million. The corporate repurchased $30 million of Class A standard inventory throughout the third quarter.
- The corporate’s board of administrators has declared a money dividend of $0.15 per share for the fourth quarter of 2025. The dividend is payable on December 8, 2025, to Class A and Class B stockholders of file as of November 24, 2025.
