Hyatt Hotels Corporation (NYSE:H) shares are trading higher on Thursday after reporting first-quarter results.
The company reported adjusted earnings per share of 46 cents, beating the analyst consensus estimate of 32 cents. Quarterly sales of $1.72 billion outpaced the street view of $1.70 billion.
Hyatt Hotels reported a 5.7% year-over-year increase in comparable systemwide RevPAR for the first quarter of 2025.
Net rooms grew by 10.5% during the period. The company posted net income of $20 million and adjusted net income of $46 million.
Gross fees rose 16.9% year over year to $307 million.
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Adjusted EBITDA came in at $273 million, up 5.4% year over year, or 24.4% higher when excluding assets sold in 2024.
Hyatt’s pipeline of executed management or franchise contracts totaled approximately 138,000 rooms.
As of March 31, Hyatt reported total debt of $4.3 billion and total liquidity of $3.3 billion.
This included $1.805 billion in cash, cash equivalents, and short-term investments, along with $1.497 billion in available borrowing capacity under its revolving credit facility, net of outstanding letters of credit.
Dividend: The company’s board of directors has declared a cash dividend of $0.15 per share for the second quarter of 2025. The dividend is payable on June 11.
Outlook: Hyatt expects comparable system-wide hotels RevPAR to grow between 1% and 3% for the full year 2025.
The company sees an adjusted EBITDA of $1.08 billion-$1.135 billion (prior view: $1.10 billion-$1.15 billion).
Price Action: H shares are trading higher by 5.4% to $118.78 at last check Thursday.
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