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 THIRD - QUARTER 2021 RESULTS Recovery Momentum Broadens and Strengthens Net Rooms Growth of 6.9 % Apple Leisure Group Acquisition Complete CHICAGO ( November 3 , 2021 ) - Hyatt Hotels Corporation ( " Hyatt " or the " Company " ) ( NYSE : H ) today reported third - quarter 2021 financial results . Net income attributable to Hyatt was $ 120 million , or $ 1.15 per diluted share , in the third quarter of 2021 , compared to a net loss attributable to Hyatt of $ 161 million , or $ 1.59 per diluted share , in the third quarter of 2020. Adjusted net income attributable to Hyatt was $ 241 million , or $ 2.31 per diluted share , in the third quarter of 2021 , compared to Adjusted net loss attributable to Hyatt of $ 150 million , or $ 1.48 per diluted share , in the third quarter of 2020. Refer to the table on page 11 of the schedules for a summary of special items impacting Adjusted net income ( loss ) and Adjusted earnings ( losses ) per share for the three months ended September 30 , 2021 and September 30 , 2020 . Mark S. Hoplamazian , president and chief executive officer of Hyatt Hotels Corporation , said , " During the quarter , we again produced results that exceeded expectations and demonstrated the resilience of our business . Adjusted EBITDA for the third quarter approached 70 % of 2019 levels and more than doubled from the prior quarter . Leisure demand continues to lead the recovery and momentum for business and group travel is growing . The recovery is evident in more markets as travel restrictions ease and borders reopen . " Third quarter of 2021 highlights are as follows : • • • Net income increased compared to the third quarter of 2020 to $ 120 million . • • • Adjusted EBITDA increased compared to the third quarter of 2020 to $ 110 million . Comparable system - wide RevPAR increased to $ 93.70 in the third quarter of 2021 , and decreased 31.8 % compared to the third quarter 2019 on a reported basis . " Comparable owned and leased hotels RevPAR increased to $ 117.33 in the third quarter of 2021 , and decreased 35.5 % compared to the third quarter 2019 on a reported basis.¹ Net rooms growth of 6.9 % compared to the third quarter of 2020 . Pipeline of executed management or franchise contracts for approximately 103,000 rooms , an increase of 2.0 % compared to the third quarter of 2020 . 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 $ 137.33 and $ 181.97 , respectively , as reported for the third quarter of 2019 .