Q1 26 EPS
$0.63
BEAT +10.76%
Est. $0.57
Q1 26 Revenue
$1.75B
BEAT +0.79%
Est. $1.73B
vs S&P Since Q1 26
+15.5%
BEATING MARKET
H +19.3% vs S&P +3.8%
Market Reaction
Did H Beat Earnings? Q1 2026 Results
Hyatt Hotels Corp fell short of Wall Street's expectations in the first quarter of 2026, reporting adjusted diluted EPS of $0.63 against a consensus estimate of $0.70, a miss of 10.24%, even as revenue surged 110.1% year-over-year to $1.75 billion. T… Read more Hyatt Hotels Corp fell short of Wall Street's expectations in the first quarter of 2026, reporting adjusted diluted EPS of $0.63 against a consensus estimate of $0.70, a miss of 10.24%, even as revenue surged 110.1% year-over-year to $1.75 billion. The primary drag came from a sharp deterioration in the distribution segment, where Adjusted EBITDA tumbled to $29.00 million from $49.00 million a year ago, pressured by Hurricane Melissa-related hotel closures in Jamaica and weakened demand into Mexico amid security concerns. Gross fees climbed 8.6% to $333.00 million, supported by the Playa Hotels acquisition and strong incentive management fee growth of 13.8%, while comparable system-wide RevPAR rose 5.4% in constant dollars, with Greater China leading at 12.4% growth. Despite the quarterly shortfall, Hyatt raised its full-year 2026 outlook, projecting gross fees of $1.31 billion to $1.34 billion and Adjusted EBITDA of $1.16 billion to $1.21 billion, reflecting improving U.S. Trends even as Middle East conflict and Mexico headwinds temper the broader recovery.
Key Takeaways
- • Luxury chain scale led RevPAR growth in Q1 2026
- • Leisure transient RevPAR remained the strongest area of growth
- • Greater China RevPAR grew 12.4% and Asia Pacific (excluding Greater China) grew 11.3%
- • All-inclusive resorts Net Package RevPAR increased 7.4% despite Mexico security concerns
- • Playa Hotels Acquisition contributed to base and incentive management fee growth
- • World of Hyatt membership reached approximately 66 million, up 18% year-over-year
- • Non-RevPAR Fee contributions supported franchise and other fees growth
H Forward Guidance & Outlook
For full year 2026, Hyatt projects comparable system-wide hotels RevPAR growth of 2.0%–4.0%, with U.S. RevPAR expected to grow 2%–3% and international markets growing moderately higher. Net rooms growth is projected at 6.0%–7.0%. Net income attributable to Hyatt is projected at $255M–$350M. Gross fees are projected at $1,305M–$1,335M (9%–11% growth). Adjusted EBITDA is projected at $1,155M–$1,205M (13%–18% growth adjusted for asset sales). Adjusted Free Cash Flow is projected at $580M–$630M. Capital returns to shareholders are projected at $325M–$375M. Capital expenditures are expected at approximately $135M. Adjusted G&A expenses are expected at $440M–$450M. Distribution segment Adjusted EBITDA is now expected to decline by approximately $25M versus 2025 due to lower demand into Mexico. The outlook was revised upward reflecting improving U.S. trends but tempered by Middle East conflict and Mexico security concerns.
H YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
H Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our strong first quarter results reflect the continued strength of our core fee business and the resilience of our differentiated portfolio of high-quality brands. As we look to the balance of the year and beyond, we are focused on further elevating Hyatt by strengthening the performance of our brands, our talent, and our technology to enhance how we operate and build on our competitive advantages. We believe this foundation, combined with our high-end customer base, robust pipeline with significant opportunities for expansion, and rapidly growing loyalty program, position us to drive sustained growth and create long-term value for shareholders.”
— Mark S. Hoplamazian, Q1 2026 Earnings Press Release
H Earnings Trends
H vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
H EPS Trend
Earnings per share: estimate vs actual
H Revenue Trend
Quarterly revenue: estimate vs actual
H Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.57 | $0.63 | +10.76% | $1.75B | +0.79% |
| Q4 25 BEAT FY | $0.34 | $1.33 | +285.62% | $1.79B | -0.27% |
| FY Full Year | $1.43 | $2.19 | +53.08% | $7.10B | +0.66% |
| Q3 25 MISS | $0.49 | $-0.30 | -161.79% | $1.79B | -1.30% |
| Q2 25 BEAT | $0.67 | $0.68 | +1.83% | $1.81B | +3.60% |
| Q1 25 BEAT | $0.36 | $0.46 | +28.82% | $1.72B | +0.59% |