Hyatt’s adjusted diluted earnings per share (EPS) for Hyatt were $0.64 in Q4 2023 and $2.56 over the full year. Credit: Sean Foster on Unsplash.

Hyatt Hotels has posted net income of $220m for 2023, surpassing its full-year forecast, with Q4 2023 contributing $26m to this figure.

The company’s adjusted net income stood at $68m for Q4 2023 and $276m for the entire year. In comparison, the net income was significantly higher at $294m for Q4 2022 and $455m for the full year of 2022, which gained from a substantial non-cash benefit.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Hyatt’s adjusted diluted EPS for Hyatt were $0.64 in Q4 2023 and $2.56 over the full year.

Adjusted EBITDA also exceeded full-year expectations, standing at $1.03bn in 2023 and $241m in the October-December 2023 quarter.

Comparable system-wide revenue per available room (RevPAR) grew 9.1% in the reported quarter and 17% in the full year, driven by a swift recovery in Greater China and strong group demand in the US.

The company’s comparable owned and leased hotels saw a RevPAR increase of 5.9% in Q4 2023 and 15.5% for the full year. The operating margin for these hotels was 26.2% in the quarter and 25.4% for the full year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Additionally, comparable Net Package RevPAR rose 11.3% in the quarter and 15.3% for the full year.

The company also reported 5.9% net room growth for the full year, which aligns with its projections. Shareholders saw capital returns of $500m, including dividends and share repurchases.

As of 31 December 2023, Hyatt recorded a total debt of $3.05bn with total liquidity of nearly $2.4bn.

During Q4, Hyatt welcomed 29 new hotels, adding 9,648 rooms to its portfolio. This expansion included six hotels in Greater China that converted to a Hyatt brand. Throughout 2023, 101 new hotels, or 23,965 rooms, were added, with 43 hotels, or 13,223 rooms, converting to Hyatt brands.

Hyatt president and CEO Mark S Hoplamazian said: “RevPAR growth exceeded the high end of our guidance range and we had industry-leading net rooms growth for the seventh consecutive year. This led to a record level of fees and the highest free cash flow in Hyatt’s history.”

For the full year of 2024, Hyatt projects a net income of around $560m, adjusted EBITDA of between $1.17bn and $1.22bn, and systemwide RevPAR growth of 3–5%.