Hyatt HotelsNYSE: H

Hyatt Hotels Corporation (NYSE:H ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Adam Rohman - Senior Vice President, Investor Relations & FP&A Mark Hoplamazian - President & Chief Executive Officer Joan Bottarini - Chief Financial Officer Conference Call Participants Joe Greff - JPMorgan Daniel Politzer - Wells Fargo Ben Chaiken - Mizuho Shaun Kelley - Bank of America Connor Cunningham - Melius Research Smedes Rose - Citi David Katz - Jefferies Patrick Scholes - Truist Securities Duane Pfennigwerth - Evercore ISI Brandt Montour - Barclays Operator Good morning, and welcome to the Hyatt Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Thank you.

H's third-quarter 2024 results are aided by an increase in comparable system-wide hotel RevPAR.

CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported third quarter 2024 results. Highlights include: Comparable system-wide hotels RevPAR increased 3.0% compared to the same period in 2023 Comparable system-wide all-inclusive resorts Net Package RevPAR decreased 0.9% compared to the same period in 2023 Net Rooms Growth was approximately 4.3% Net Income was $471 million and Adjusted Net Income was $96 million Diluted EPS was $4.63 and Adjusted Di.

H's third-quarter 2024 results are likely to have aided by heightened leisure and business travel demand across the company's customer segments.

Hyatt Hotels (H) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK--(BUSINESS WIRE)--Today, Aescape, the company pioneering automated AI massage for personalized recovery, announced its launch at R+R Wellness, the luxury spa at the Grand Hyatt Nashville. This marks Aescape's first hospitality partnership in Nashville, meeting the increasing demand for customizable wellness solutions as the company continues to scale. “Traveler preferences are changing. Guests now seek more personalized amenities and bespoke wellness options,” said Kelly Bannon, Spa Di.

Mark Hoplamazian, CEO of Hyatt, discusses the hotel giant's business in China, amid changing travel trends and a closely-watched US presidential election.

H continues to make remarkable strides in its select service segment, with 25% pipeline growth in the Americas over the past three years.

The positive internal developments for Hyatt are the increase in leisure travel revenue exposure and the growth in asset-light businesses' earnings contribution. H also benefits from external developments relating to the Fed's rate cut and China's policies to strengthen the economy. Hyatt is trading at a lower EV/EBITDA multiple as compared to its peers, and I think that there are re-rating catalysts in the form of favorable internal and external developments.