Record Membership Growth
World of Hyatt membership reached approximately 54 million members at year-end, a 22% increase over last year. Multi-room night penetration set a record high, and spend on co-branded credit cards increased by 18% in 2024 compared to 2023.
Strong RevPAR Growth
Fourth quarter system-wide RevPAR increased 5%, with a 4.6% increase for the full year. Business transient revenue was up 12% for the year, benefiting major urban markets in the U.S.
Expansion in Luxury and Lifestyle
Opened several notable luxury hotels including Park Hyatt London and Grand Hyatt Deer Valley, with plans for continued growth in luxury and lifestyle offerings.
Positive Outlook for 2025
Expect full year system-wide RevPAR growth of 2% to 4% in 2025, with a strong pipeline of new hotel openings and net rooms growth expected to range from 6% to 7%.
Financial Performance and Liquidity
Reported gross fees of $294 million in Q4, up 17%. Adjusted EBITDA increased by approximately 20% compared to last year, with a strong balance sheet including $2.9 billion in total liquidity.