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HYATT Investor Contact : Amanda Bryant , 312.780.5539 amanda.bryant@hyatt.com Media Contact : Franziska Weber , 312.780.6106 franziska.weber@hyatt.com HYATT REPORTS FIRST - QUARTER 2021 RESULTS Strong Leisure Demand Drives Positive Momentum 6.5 % Net Rooms Growth CHICAGO ( May 4 , 2021 ) - Hyatt Hotels Corporation ( " Hyatt " or the " Company " ) ( NYSE : H ) today reported first - quarter 2021 financial results . Net loss attributable to Hyatt was $ 304 million , or $ 2.99 per diluted share , in the first quarter of 2021 , compared to net loss attributable to Hyatt of $ 103 million , or $ 1.02 per diluted share , in the first quarter of 2020. Adjusted net loss attributable to Hyatt was $ 363 million , or $ 3.57 per diluted share , in the first quarter of 2021 , compared to Adjusted net loss attributable to Hyatt of $ 35 million , or $ 0.35 per diluted share , in the first quarter of 2020. Refer to the table on page 11 of the schedules for a summary of special items impacting Adjusted net loss and Adjusted losses per diluted share for the three months ended March 31 , 2021 and March 31 , 2020 . Mark S. Hoplamazian , president and chief executive officer of Hyatt Hotels Corporation , said , " First quarter results exceeded expectations as demand improved meaningfully over the course of the quarter . The expansion of vaccine distribution and the easing of travel restrictions in certain markets fueled improved confidence in travel in many of the markets in which we operate . We also reported strong net rooms growth of 6.5 % , reaching an important milestone with the opening of our 1,000th hotel in the quarter . " First quarter of 2021 highlights are as follows : • • • Net losses increased compared to the first quarter of 2020 to a net loss of $ 304 million . The net loss included a $ 193 million non - cash full valuation allowance on U.S. deferred income tax assets . Adjusted EBITDA decreased 123.3 % compared to the first quarter of 2020 , to $ ( 20 ) million . Comparable system - wide RevPAR decreased 48.9 % compared to the first quarter of 2020 , and decreased 65.4 % compared to the first quarter 2019 on a reported basis.¹ Comparable owned and leased hotels RevPAR decreased 64.4 % compared to the first quarter of 2020 , and decreased 72.5 % compared to the first quarter 2019 on a reported basis.¹ • Net rooms growth of 6.5 % . • Pipeline of executed management or franchise contracts for approximately 100,000 rooms . • As of March 31 , 2021 , the Company had cash , cash equivalents and short - term investments of $ 1,628 million . Note : All RevPAR and ADR percentage changes are in constant dollars . This release includes references to non - GAAP financial measures . Refer to the non - GAAP reconciliations included in the schedules and the definitions of the non - GAAP measures presented beginning on page 10 . ' RevPAR percentage changes calculated from comparable system - wide and comparable owned and leased hotels RevPAR of $ 132.17 and $ 173.98 , respectively , as reported for the first quarter of 2019 .