Hyatt's Earnings Miss Clouds Q3, Eyes Strong 2024 With Bold Pipeline And Expanding Member Base

Hyatt Hotels Corporation (NYSE:H) shares are trading lower on Thursday.

Total revenues were $1.629 billion, beating the consensus of $1.574 billion. The company reported that the third quarter adjusted earnings per share was 94 cents, missing the street view of $1.38.

In the quarter under review, comparable system-wide hotels RevPAR rose by 3.0% compared to the same period in 2023, while comparable system-wide all-inclusive resorts experienced a 0.9% decline in Net Package RevPAR. Net rooms growth was approximately 4.3%.

In the third quarter, 16 new hotels (or 2,589 rooms) joined Hyatt’s portfolio.

Mark S. Hoplamazian, President and Chief Executive Officer ...