Hyatt Hotels Corp (H)
NYSE:H
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Hyatt Hotels
(NYSE:H)
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Rating:68Neutral
Price Target:
$158.00
â–²(1.77% Upside)
Action:ReiteratedDate:02/14/26
The score is driven primarily by improving fundamentals (strong revenue recovery and better 2025 free cash flow) and a constructive 2026 outlook from management (fee, EBITDA, and free-cash-flow growth plus capital returns). Technicals are supportive with price above key moving averages. The main offset is valuation opacity from a negative P/E and low dividend yield, alongside notable volatility in recent margins and balance sheet comparability.
Positive Factors
Asset-light strategy
Hyatt's explicit shift to ~90% asset-light earnings and the ~$2B Playa sale materially lowers capital intensity and operating leverage. This structural change boosts recurring fee revenue, improves FCF convertibility and reduces balance sheet financing needs, supporting durable returns and growth.
Negative Factors
Profitability volatility
Large year-over-year swings in net margin and EBITDA indicate earnings are volatile and less predictable. Such variability undermines earnings quality and complicates long-term cashflow forecasting, making sustained dividends, buybacks and planning through cycles more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light strategy
Hyatt's explicit shift to ~90% asset-light earnings and the ~$2B Playa sale materially lowers capital intensity and operating leverage. This structural change boosts recurring fee revenue, improves FCF convertibility and reduces balance sheet financing needs, supporting durable returns and growth.
Read all positive factors
Hyatt Hotels (H) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.67B
Dividend Yield0.36%
Average Volume (3M)762.91K
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth2.61%
EPS Growth-106.74%
CountryUS
Employees52,000
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Lodging
Share Statistics
EPS (TTM)1.33
Shares Outstanding41,336,292
10 Day Avg. Volume619,808
30 Day Avg. Volume762,912
Financial Highlights & Ratios
PEG Ratio2.83
Price to Book (P/B)4.59
Price to Sales (P/S)2.14
P/FCF Ratio96.29
Enterprise Value/Market Cap1.31
Enterprise Value/Revenue3.61
Enterprise Value/Gross Profit15.15
Enterprise Value/Ebitda25.97
Forecast
1Y Price Target
$186.87Price Target Upside20.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)3.27
Revenue Forecast (FY)$7.18B
Hyatt Hotels Business Overview & Revenue Model
Company Description
Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Fr...
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 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 Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
Overall the call was constructive and optimistic: management highlighted strong loyalty program growth, industry-leading development momentum, accelerating organic fee growth, successful asset-light transactions (including the ~$2B Playa sale), healthy liquidity and shareholder returns, and confident 2026 guidance for fee and EBITDA growth. The company also acknowledged tangible near-term headwinds—softness in business transient and select-service demand, Distribution segment pressure, and Hurricane Melissa-related disruptions (temporarily closed Jamaica hotels and insurance timing uncertainty)—which are expected to impact parts of 2026. On balance the positives around durable fee growth, net rooms expansion, asset-light transformation and margin/cash-flow outlook substantially outweighed the short-term operational and regional challenges.Positive Updates
System-wide RevPAR Growth in Q4
Fourth quarter system-wide RevPAR increased 4% year-over-year, driven by luxury brands; leisure transient RevPAR rose ~6% and leisure transient at luxury brands grew 9%; group RevPAR increased 3%.
Negative Updates
Business Transient Softness
Business transient RevPAR declined 1% in Q4, with select-service U.S. hotels particularly affected; U.S. RevPAR overall rose only 0.5% in Q4.
Read all updates
Q4-2025 Updates
Positive
Negative
System-wide RevPAR Growth in Q4
Fourth quarter system-wide RevPAR increased 4% year-over-year, driven by luxury brands; leisure transient RevPAR rose ~6% and leisure transient at luxury brands grew 9%; group RevPAR increased 3%.
Read all positive updates
Company Guidance
Hyatt guided to 2026 full‑year system‑wide RevPAR growth of 1%–3% (U.S. 1%–2%), net rooms growth of 6%–7%, gross fees up 8%–11% to $1,295M–$1,335M, adjusted EBITDA up 13%–17% to $1,155M–$1,205M (note: adjusted EBITDA definition excludes pro‑rata JV EBITDA and is adjusted for asset sales), Distribution segment expected to decline ~$10M, adjusted free cash flow up 20%–30% to $580M–$630M (conversion of adjusted EBITDA to adj. FCF ≥50%), asset‑light earnings expected to be ~90% in 2026, and $325M–$375M of capital returns planned via repurchases/dividends; for Q1 Hyatt expects RevPAR around the full‑year midpoint with international outpacing the U.S., gross fees in the mid‑single digits, adjusted EBITDA in the low‑single digits (post‑JV adjustment), and about half of Hurricane Melissa’s impact hitting the quarter.Hyatt Hotels Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.15B | 3.30B | 3.61B | 3.27B | 1.45B |
| Gross Profit | 801.00M | 1.40B | 1.39B | 1.30B | 481.00M |
| EBITDA | 720.00M | 749.00M | 728.00M | 853.00M | 59.00M |
| Net Income | -52.00M | 1.30B | 220.00M | 455.00M | -222.00M |
Balance Sheet | |||||
| Total Assets | 14.04B | 13.32B | 12.83B | 12.31B | 12.60B |
| Cash, Cash Equivalents and Short-Term Investments | 814.00M | 1.38B | 896.00M | 1.15B | 1.19B |
| Total Debt | 4.80B | 4.06B | 3.37B | 3.45B | 4.36B |
| Total Liabilities | 10.38B | 9.50B | 9.27B | 8.61B | 9.04B |
| Stockholders Equity | 3.33B | 3.55B | 3.56B | 3.70B | 3.56B |
Cash Flow | |||||
| Free Cash Flow | 159.00M | 466.00M | 599.00M | 473.00M | 204.00M |
| Operating Cash Flow | 379.00M | 636.00M | 797.00M | 674.00M | 315.00M |
| Investing Cash Flow | 357.00M | 81.00M | -365.00M | 416.00M | -1.77B |
| Financing Cash Flow | -954.00M | -618.00M | -578.00M | -1.11B | 1.29B |
Hyatt Hotels Technical Analysis
Positive
155.25
Price Trends
154.97
Positive
158.28
Negative
151.07
Positive
Market Momentum
-0.86
Negative
57.58
Neutral
74.22
Neutral
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 155.25 is above the 20-day moving average (MA) of 145.58, above the 50-day MA of 154.97, and above the 200-day MA of 151.07, indicating a bullish trend. The MACD of -0.86 indicates Negative momentum. The RSI at 57.58 is Neutral, neither overbought nor oversold. The STOCH value of 74.22 is Neutral, 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 | $20.98B | 28.95 | -23.50% | 1.21% | 8.89% | 23.20% | |
68 Neutral | $14.67B | -294.43 | -1.50% | 0.36% | 2.61% | -106.74% | |
68 Neutral | $93.83B | 46.80 | -79.90% | 0.84% | 4.68% | -1.10% | |
65 Neutral | $16.06B | 20.45 | 42.78% | 3.60% | 5.70% | 9.53% | |
62 Neutral | $74.16B | 46.53 | -30.22% | 0.21% | 6.68% | 48.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $6.44B | -23.83 | 35.09% | 2.13% | 3.38% | 38.04% |
* Consumer Cyclical Sector Average
H
Hyatt Hotels
155.25
46.62
42.92%
HTHT
H World Group
52.48
19.57
59.48%
IHG
Intercontinental Hotels Group
141.48
39.21
38.34%
MAR
Marriott International
354.10
132.70
59.94%
HLT
Hilton Worldwide Holdings
323.43
113.76
54.26%
WH
Wyndham Hotels & Resorts
85.67
3.08
3.73%
Hyatt Hotels Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
Hyatt Hotels Names CEO Mark Hoplamazian Board Chairman
Neutral
Feb 17, 2026
On February 16, 2026, Hyatt Hotels Corporation announced that long-time Executive Chairman Thomas J. Pritzker retired from his role effective immediately and will not seek re-election to the board at the company’s 2026 annual meeting, though...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Hyatt Hotels Reports 2025 Results and 2026 Outlook
Positive
Feb 12, 2026
Hyatt Hotels Corporation reported its fourth-quarter and full-year 2025 results on February 12, 2026, showing system-wide hotels RevPAR growth of 4.0% in the quarter and 2.9% for the year, and particularly strong 8.6% full-year Net Package RevPAR ...
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.