Hyatt Hotels Corp.'s systemwide second-quarter business transient
revenue per available room increased 2 percent year over year, the company
reported Thursday.
During the company's earnings call, Hyatt CFO Joan Bottarini said the
business transient segment helped fuel a 3.5 percent year-over-year rise in
RevPAR at Hyatt's select-service properties, which includes brands such as
Hyatt Place and Hyatt Select.
Second-quarter group RevPAR grew more than 7 percent year over year.
FIFA World Cup host cities delivered more than 13 percent growth in group
RevPAR in June. Bottarini said "forward-looking booking trends remain
strong," and group pace for U.S. full-service properties is up
"mid-single digits" for the rest of 2026.
Hyatt's systemwide RevPAR increased 5.9
percent to $158.70, "exceeding our expectations," according to Hyatt chairman, president and CEO
Mark Hoplamazian. The company revised its full-year 2026 RevPAR outlook
to 3.5 percent to 4.5 percent growth year over year, up from the 2 percent to 4
percent year-over-year growth projected in its first-quarter earnings update.
Hyatt Q2 Metrics
Hyatt's systemwide average daily rate
rose 5 percent year over year to $216.81, while occupancy grew 0.6 percentage
points to 73.2 percent.
In the United States, RevPAR increased
6.7 percent year over year to $169.23, as ADR rose 5.7 percent to $228.28 and
occupancy bumped up 0.6 percentage points to 74.1 percent.
In the Middle East, ongoing conflict
contributed to a 36 percent year-over-year RevPAR decrease.
Hyatt's total second-quarter revenue
increased 1.2 percent year over year to $1.8 billion.
As of June 30, Hyatt's portfolio stood at
nearly 1,560 properties or more than 377,000 rooms. Its development pipeline
increased 10 percent year over year to approximately 154,000 rooms.
World of Hyatt ended the quarter with
approximately 69 million members, a 17 percent rise from the prior year.
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