Hyatt Hotels Corp.'s systemwide third-quarter business transient revenue per available room increased 1 percent year over year, the company reported Thursday.
Business transient RevPAR growth accelerated during the quarter, reaching more than 4 percent year over year in September, "a sign of renewed momentum after the summer, with strong results in our select-service brands in the U.S.," Hyatt chairman, president and CEO Mark Hoplamazian said during the company's earnings call. RevPAR across Hyatt's select-service portfolio increased 6.8 percent year over year.
Third-quarter corporate negotiated revenue increased 4.8 percent year over year, according to Hoplamazian.
Third-quarter group RevPAR rose 8 percent year over year. Hoplamazian said corporate accounts for about 40 percent of Hyatt's group bookings and that corporate group business could close out 2026 up around 7 percent year over year.
Looking ahead, corporate group pace for 2027 is up nearly 10 percent year over year, according to Hoplamazian.
"I think that we are seeing significant health amongst the larger corporations," Hoplamazian said. "They are supporting business travel generally, and group is a particular standout in terms of rate of growth into 2027."
Hyatt Q3 Metrics
Hyatt's systemwide RevPAR increased 7.2 percent year over year to $154.80, driven mostly by a 5.7 percent rise in average daily rate to $210.36. Occupancy grew 1.1 percentage points to 73.6 percent.
In the United States, RevPAR grew 8.2 percent year over year to $162.46, as ADR increased 5.9 percent to $221.20 and occupancy rose 1.5 percentage points to 73.4 percent.
Hyatt's total third-quarter revenue decreased 2.4 percent year over year to $1.7 billion.
As of Sept. 30, Hyatt's portfolio stood at more than 1,580 properties or more than 380,000 rooms. Its development pipeline increased 12 percent year over year to approximately 158,000 rooms.
World of Hyatt ended the quarter with more than 72 million members, a 19 percent increase year over year.
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