Hyatt: RevPAR rises 7.2% as all-inclusive resort RevPAR falls 2.5%
Hyatt systemwide RevPAR rose 7.2% in the third quarter, with US RevPAR up 8.2%, while all-inclusive net package RevPAR fell 2.5%.
Hyatt's systemwide comparable revenue per available room rose 7.2% in the third quarter, driven by an 8.2% increase in the US market.
In contrast, all-inclusive net package RevPAR fell 2.5%, weighed down by weaker demand in some Mexican destinations.
The company reported net income of $58 million, or 60 cents a share, while adjusted EBITDA rose 6.2% to $295 million.
The pipeline grew 12.1% to about 158,000 rooms, with full-year systemwide RevPAR growth guidance of 5% to 5.5%.
What do these terms mean?
Revenue per available room (RevPAR): The average revenue a hotel room generates per day regardless of whether it is occupied, used to measure hotel performance.
All-inclusive resorts: Hotels whose room rate includes meals, drinks and entertainment activities, known as an all-inclusive system.
Adjusted EBITDA: An earnings measure covering profit before interest, taxes, depreciation and amortisation, adjusted to exclude exceptional items, used to compare company performance.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
