Hyatt Hotels Corporation (NYSE: H) saw its stock price surge by 10.27% in pre-market trading on Thursday, following the release of its better-than-expected first-quarter 2025 financial results and a positive outlook for the full year.

The Chicago-based global hospitality company reported adjusted earnings per share (EPS) of $0.46, significantly surpassing the analyst consensus estimate of $0.32. This represents a 43.75% beat, despite a 35.21% decrease from the $0.71 per share reported in the same period last year. Revenue for the quarter came in at $1.72 billion, slightly ahead of the expected $1.70 billion, marking a 1.19% increase over the previous year.

Hyatt's strong performance was underpinned by robust growth in key metrics. The company reported a 5.7% increase in comparable system-wide hotels RevPAR (Revenue Per Available Room) compared to the first quarter of 2024. Additionally, gross fees grew by 16.9% to $307 million, driven by managed hotel RevPAR growth and contributions from newly-opened properties. The company's net rooms growth was impressive at 10.5%, reflecting its continued expansion strategy.

Looking ahead, Hyatt provided a positive outlook for the full year 2025, projecting comparable system-wide hotels RevPAR growth between 1% to 3% and net rooms growth between 6% to 7% compared to 2024. The company expects adjusted EBITDA to be between $1,080 million and $1,135 million, representing a growth of 6% to 12% after adjusting for assets sold in 2024. This forward-looking guidance has likely contributed to investor optimism, driving the stock's significant pre-market rally.