Earnings release
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HYATT Investor Contact : Noah Hoppe , 312.780.5991 noah.hoppe@hyatt.com Media Contact : Franziska Weber , 312.780.6106 franziska.weber@hyatt.com HYATT REPORTS SECOND - QUARTER 2021 RESULTS Positive Operating Leverage Drives Earnings and Operating Cash Flow Growth Strong 7.1 % Net Rooms Growth CHICAGO ( August 3 , 2021 ) - Hyatt Hotels Corporation ( " Hyatt " or the " Company " ) ( NYSE : H ) today reported second - quarter 2021 financial results . Net loss attributable to Hyatt was $ 9 million , or $ 0.08 per diluted share , in the second quarter of 2021 , compared to net loss attributable to Hyatt of $ 236 million , or $ 2.33 per diluted share , in the second quarter of 2020. Adjusted net loss attributable to Hyatt was $ 117 million , or $ 1.15 per diluted share , in the second quarter of 2021 , compared to Adjusted net loss attributable to Hyatt of $ 183 million , or $ 1.80 per diluted share , in the second 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 June 30 , 2021 and June 30 , 2020 . Mark S. Hoplamazian , president and chief executive officer of Hyatt Hotels Corporation , said , " Second quarter results improved significantly as travel demand rebounded sharply in certain markets . While leisure travel continues to lead the recovery , we are very encouraged by continued improvements in business transient and group . Accelerating RevPAR growth expanded our operating leverage and as a result we generated positive Adjusted EBITDA and operating cash flow in the quarter . " Second quarter of 2021 highlights are as follows : • • • • Net losses decreased compared to the second quarter of 2020 to a $ 9 million net loss . Adjusted EBITDA increased compared to the second quarter of 2020 , to $ 55 million . Comparable system - wide RevPAR increased to $ 72.47 in the second quarter of 2021 , and decreased 49.8 % compared to the second quarter 2019 on a reported basis.¹ Comparable owned and leased hotels RevPAR increased to $ 86.66 in the second quarter of 2021 and decreased 53.4 % compared to the second quarter 2019 on a reported basis . " • Net rooms growth of 7.1 % . • As of June 30 , 2021 , the Company had cash , cash equivalents and short - term investments of $ 1,737 million . Mr. Hoplamazian continued , " While the recovery is likely to remain uneven over the coming months , we remain confident in continued momentum in RevPAR growth given positive forward - looking indicators in our business . Furthermore , the strength of our brands continues to yield industry - leading net rooms growth . We opened 100 properties over the last twelve months and maintain a strong pipeline representing over 40 % of our existing rooms . " 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 $ 144.48 and $ 186.05 , respectively , as reported for the second quarter of 2019 .