Hyatt posts Q3 net income of $471 million

HYATT HOTELS CORP. reported a third-quarter net income of $471 million, with adjusted EBITDA of $275 million—an 8.9 percent increase over the same
period last year. Systemwide RevPAR rose 3 percent year-over-year, and net rooms grew approximately 4.3 percent for the quarter.

“We reported solid third-quarter results, with gross fee revenues reaching $268 million,” said Mark S. Hoplamazian, president and CEO of Hyatt. “Our pipeline
reached a record 135,000 rooms, up 10 percent year-over-year, and World of Hyatt membership expanded to 51 million members, growing 22 percent. Our capital
strategy, including asset-disposition completion, the acquisition of Standard International, and a joint venture with Bahia Principe, reflects the strength of
our asset-light model, leading to over $1.2 billion returned to shareholders through repurchases and dividends this year.”