Hyatt Hotels Corporation's stock surged 5.38% during Thursday's intraday session, following the release of its first-quarter 2026 financial results and an upward revision to its annual guidance.

The hotel operator reported first-quarter adjusted earnings of $0.63 per share, surpassing the FactSet consensus estimate of $0.56. Revenue for the quarter rose to $1.75 billion, also exceeding analyst expectations of $1.73 billion. The company attributed its performance to continued strong demand for luxury travel, with comparable system-wide hotels revenue per available room (RevPAR) increasing 5.4% from the prior year.

Bolstered by these results, Hyatt raised its full-year net income guidance to a range of $255 million to $350 million, up from its previous forecast of $235 million to $320 million. The company also increased its projected RevPAR growth for 2026 to 2% to 4%, from the prior outlook of 1% to 3%. This positive outlook, combined with the earnings and revenue beat, fueled significant investor optimism during the trading day.