Asset ManagementThe company made significant progress in asset sales in 2024, which has translated to higher fee-based contribution.
EarningsHyatt produced a rare beat, having missed on EBITDA in every quarter in FY24; RevPAR grew 5.7%, well ahead of any expectations and drove $279m of EBITDA, 14% ahead of consensus.
Strategic MovesHyatt has announced a new Upper Midscale brand called Hyatt Select, a conversion focused select service brand initially targeted at the Americas, before plans to scale the brand globally.