Hyatt lifts 2026 RevPAR outlook after 7.2% third-quarter gain

Hyatt Hotels Corporation said comparable system-wide hotel RevPAR rose 7.2% in the third quarter of 2026 compared with a year earlier, and it raised its full-year RevPAR growth outlook to between 5.0% and 5.5%. Gross fees climbed 15.2% to $327 million, while Adjusted EBITDA increased 6.2% to $295 million, or 19% after adjusting for assets sold in 2025. Net income attributable to the company was $58 million.

According to the release, luxury led RevPAR growth, with leisure transient and group both strong and business transient up in the low single digits. United States RevPAR grew 8.2%, helped in part by the FIFA World Cup and the timing of the Jewish holidays. All-inclusive Net Package RevPAR fell 2.5%, mainly on weaker demand for certain destinations in Mexico, partly offset by growth in the Caribbean and Europe. Hyatt expects it to return to growth in the fourth quarter.

Base management fees rose 10.0%, incentive management fees 21.9% and franchise and other fees 16.8%. Owned and leased segment Adjusted EBITDA declined 1% on an adjusted basis, and the Distribution segment fell, which Hyatt attributed to hotel closures in Jamaica after Hurricane Melissa and lower demand in Mexico.

Hyatt opened 3,808 rooms in the quarter, including Hyatt Vivid Punta Cana, Beldersoy Resort and SPA in Uzbekistan under Destination by Hyatt, and Thompson Seville. The pipeline reached about 158,000 rooms, up 12.1%. Trailing twelve-month net rooms growth was 3.8%, with full-year growth projected at about 6%, supported by conversion activity and the timing of openings.

"Continued momentum across our business, a record development pipeline, and growing engagement among World of Hyatt members reflect increasing preference for our brands among guests, owners, and developers," said chief executive Mark S. Hoplamazian. Hyatt now expects to return $375 million to $425 million to shareholders in 2026.