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Hyatt Hotels
(NYSE:H)
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Rating:62Neutral
Price Target:
$194.00
â–²(12.48% Upside)
Action:Reiterated
Date:05/28/26
The score is driven by uneven financial performance (recent losses, higher leverage, and weaker free cash flow) offset by strong technical uptrend and a constructive earnings outlook with raised guidance and robust cash flow/return plans. Valuation is the largest constraint due to the very high P/E and low dividend yield.
Positive Factors
Asset-light, fee-driven model and fee growth
Hyatt’s fee-based, asset-light mix is a durable driver of stable margins and scalable revenue. Growth in gross and incentive fees ties directly to hotel-level profitability, supporting recurring, low-capital revenue that should persist as the global branded network expands and travel demand normalizes.
Negative Factors
Distribution segment headwinds from closures and lower demand
Persistent weakness in the Distribution segment and exposure to specific markets (Jamaica, Mexico) indicate operational concentration risks. A ~$25M expected decline signals that certain revenue streams are volatile and that regional disruptions can materially depress segment profitability and cash generation for extended periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light, fee-driven model and fee growth
Hyatt’s fee-based, asset-light mix is a durable driver of stable margins and scalable revenue. Growth in gross and incentive fees ties directly to hotel-level profitability, supporting recurring, low-capital revenue that should persist as the global branded network expands and travel demand normalizes.
Read all positive factors
Hyatt Hotels Key Performance Indicators (KPIs)
Any
Pipeline of Rooms
Indicates the number of new hotel rooms planned or under construction, highlighting future growth prospects and expansion strategy.
Indicates the number of new hotel rooms planned or under construction, highlighting future growth prospects and expansion strategy.
Data provided by:
The Fly
The FlyHyatt Hotels (H) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.01B
Dividend Yield0.36%
Average Volume (3M)893.98K
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth7.74%
EPS Growth-104.45%
CountryUS
Employees52,000
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Lodging
Share Statistics
EPS (TTM)-0.35
Shares Outstanding41,030,132
10 Day Avg. Volume1,044,789
30 Day Avg. Volume893,976
Financial Highlights & Ratios
PEG Ratio2.85
Price to Book (P/B)4.59
Price to Sales (P/S)2.14
P/FCF Ratio96.29
Enterprise Value/Market Cap1.28
Enterprise Value/Revenue3.71
Enterprise Value/Gross Profit21.10
Enterprise Value/Ebitda31.59
Forecast
1Y Price Target
$193.88Price Target Upside12.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)3.56
Revenue Forecast (FY)$7.15B
Hyatt Hotels Business Overview & Revenue Model
Company Description
Hyatt Hotels Corporation functions as an international hospitality firm, managing a diverse portfolio of properties across the United States and numerous global markets. Its operational structure encompasses Owned and Leased Hotels, along with reg...
How the Company Makes Money
Hyatt primarily generates revenue through a mix of asset-light fee streams and, to a lesser extent, property-level operating income from hotels it owns or leases. A major component is fees earned from hotels operated under Hyatt brands: (1) manage...
Hyatt Hotels Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call presented multiple clear operational and commercial strengths — above‑expectation RevPAR growth, robust loyalty expansion, a record development pipeline, fee and incentive fee growth, raised revenue outlooks and strong liquidity/capital return plans. These positive drivers outweigh region‑specific and timing headwinds (Middle East conflict, Jamaica closures, Mexico security disruption, distribution segment softness and a few delayed asset sales), which management characterizes as isolated and manageable. Overall, the company reaffirmed confidence in its fee‑driven model and growth trajectory while acknowledging modest near‑term impacts in certain regions and segments.Positive Updates
System-wide RevPAR Growth Exceeds Expectations
System‑wide RevPAR increased 5.4% in Q1 2026, driven by strength in luxury brands and premium leisure demand.
Negative Updates
Distribution Segment Underperformance
Distribution segment adjusted EBITDA declined in Q1 due to Jamaica hotel closures and lower Mexico demand; company expects the Distribution segment to decline ~ $25M for the full year vs 2025, including ~$15M headwind in Q2 from Mexico security concerns.
Read all updates
Q1-2026 Updates
Positive
Negative
System-wide RevPAR Growth Exceeds Expectations
System‑wide RevPAR increased 5.4% in Q1 2026, driven by strength in luxury brands and premium leisure demand.
Read all positive updates
Company Guidance
Hyatt raised its full-year system‑wide RevPAR outlook to 2%–4% (U.S. 2%–3%) with Q2 global RevPAR expected around 3% (Q1 RevPAR was +5.4%), and sees net rooms growth of 6%–7% for 2026 (Q1 net rooms +5%). Management expects gross fees to grow 9%–11% to $1.305–$1.335 billion, adjusted EBITDA to grow 13%–18% to $1.155–$1.205 billion, and adjusted free cash flow of $580–$630 million (up 20%–30%, with at least a 50% conversion of adjusted EBITDA), while returning $325–$375 million to shareholders. They forecast the Distribution segment to decline about $25 million versus 2025 (including ~$15 million in Q2 from Mexico), Middle East RevPAR down materially (pressuring fees by ~ $10 million for the balance of the year), Q2 gross fees to be mid‑single digits, and Q2 adjusted EBITDA to be up mid‑single digits after removing $17 million pro‑rata JV EBITDA and $14 million owned/leased EBITDA; liquidity stands at ~ $2.2 billion (including $1.5 billion revolver), Q1 share repurchases were $135 million, and $543 million remains under the buyback authorization.Hyatt Hotels Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
52
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.22B | 7.15B | 3.30B | 3.61B | 3.27B | 1.45B |
| Gross Profit | 1.10B | 801.00M | 1.40B | 1.39B | 1.30B | 481.00M |
| EBITDA | 732.00M | 720.00M | 749.00M | 728.00M | 853.00M | 59.00M |
| Net Income | -34.00M | -52.00M | 1.30B | 220.00M | 455.00M | -222.00M |
Balance Sheet | ||||||
| Total Assets | 13.90B | 14.04B | 13.32B | 12.83B | 12.31B | 12.60B |
| Cash, Cash Equivalents and Short-Term Investments | 671.00M | 814.00M | 1.38B | 896.00M | 1.15B | 1.19B |
| Total Debt | 4.51B | 4.80B | 4.06B | 3.37B | 3.45B | 4.36B |
| Total Liabilities | 10.35B | 10.38B | 9.50B | 9.27B | 8.61B | 9.04B |
| Stockholders Equity | 3.23B | 3.33B | 3.55B | 3.56B | 3.70B | 3.56B |
Cash Flow | ||||||
| Free Cash Flow | 63.00M | 159.00M | 466.00M | 599.00M | 473.00M | 204.00M |
| Operating Cash Flow | 276.00M | 379.00M | 636.00M | 797.00M | 674.00M | 315.00M |
| Investing Cash Flow | -4.00M | 357.00M | 81.00M | -365.00M | 416.00M | -1.77B |
| Financing Cash Flow | -1.47B | -954.00M | -618.00M | -578.00M | -1.11B | 1.29B |
Hyatt Hotels Technical Analysis
Positive
172.48
Price Trends
180.62
Positive
168.30
Positive
161.19
Positive
Market Momentum
3.64
Positive
51.14
Neutral
8.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For H, the sentiment is Positive. The current price of 172.48 is below the 20-day moving average (MA) of 195.85, below the 50-day MA of 180.62, and above the 200-day MA of 161.19, indicating a neutral trend. The MACD of 3.64 indicates Positive momentum. The RSI at 51.14 is Neutral, neither overbought nor oversold. The STOCH value of 8.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for H.
Hyatt Hotels Risk Analysis
Hyatt Hotels disclosed 53 risk factors in its most recent earnings report. Hyatt Hotels reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hyatt Hotels Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $25.12B | 41.04 | -23.50% | 1.21% | 5.59% | 26.44% | |
66 Neutral | $12.93B | 4.82 | 41.76% | 3.60% | 9.63% | 59.04% | |
66 Neutral | $98.34B | 39.13 | -74.11% | 0.84% | 4.69% | 8.46% | |
64 Neutral | $76.97B | 51.15 | -29.63% | 0.21% | 8.72% | 3.05% | |
62 Neutral | $18.01B | -544.34 | -1.00% | 0.36% | 7.74% | -104.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $6.17B | 32.70 | 37.33% | 2.13% | 1.41% | -40.51% |
* Consumer Cyclical Sector Average
H
Hyatt Hotels
191.28
46.31
31.95%
HTHT
H World Group
42.14
9.73
30.01%
IHG
Intercontinental Hotels Group
169.93
52.90
45.20%
MAR
Marriott International
372.95
96.99
35.15%
HLT
Hilton Worldwide Holdings
338.12
67.82
25.09%
WH
Wyndham Hotels & Resorts
82.41
-0.04
-0.04%
Hyatt Hotels Corporate Events
Business Operations and StrategyStock Buyback
Hyatt Hotels Unveils Strategy and Expands Share Buyback
Positive
May 28, 2026
On May 28, 2026, Hyatt Hotels held its previously announced Investor Day, offering a webcast presentation and slide deck that outlined its long-term strategic positioning as a high-end, innovation-driven hospitality group. The event, led by senior...
Executive/Board ChangesShareholder Meetings
Hyatt Hotels Announces Board Changes and Shareholder Meeting Results
Positive
May 22, 2026
On May 20, 2026, Hyatt Hotels Corporation announced that director Paul D. Ballew retired from the board and its committees, with the company stating his departure was not related to any disagreement over operations, policies, or practices. Also on...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Hyatt Reports Solid Q1 Results and Raises 2026 Outlook
Positive
Apr 30, 2026
On April 30, 2026, Hyatt reported first quarter 2026 results showing 5.4% growth in comparable system-wide RevPAR and 7.4% growth in all-inclusive Net Package RevPAR versus a year earlier, alongside 5.0% net rooms growth and record pipeline of abo...
Executive/Board Changes
Hyatt Hotels Expands Board With New Director Appointment
Neutral
Mar 27, 2026
On March 27, 2026, Hyatt Hotels Corporation expanded its Board of Directors from eleven to twelve members and appointed Gianni Marostica as a Class II director, with his term running until the 2026 annual meeting of stockholders and until a succes...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.