Net Income was $68 million in the third quarter of 2023 compared to $28 million in the third quarter of 2022. Adjusted net income was $75 million in the third quarter of 2023 compared to $72 million in the third quarter of 2022.
System-Wide RevPAR Expanded 15% Generating Record Total Fee Revenue - Net Rooms Growth Increased to 6.9%
Net income was $58 million in the first quarter of 2023 compared to net loss of $73 million in the first quarter of 2022. Adjusted net income was $45 million in the first quarter of 2023 compared to Adjusted net loss of $36 million in the first quarter of 2022.
Record Cash Flow from Operations of $674M; Net Rooms Growth of 6.7% Exceeds Expectations
Total Fee Revenue Exceeds 2019 by 50%; Raises Full Year Outlook for RevPAR and Net Rooms Growth
Total Fee Revenue More than Doubles from Last Year; Reaches Record Level - System-wide RevPAR, Excluding Greater China, Above 2019
Hyatt Reports First Quarter 2022 Results
Hyatt Hotels Corporation (NYSE: H) yesterday reported fourth quarter and full-year 2021 financial results. Net loss attributable to Hyatt was $29 million, or $0.26 per diluted share, in the fourth quarter of 2021, compared to net loss attributable to Hyatt of $203 million, or $2.00 per diluted share, in the fourth quarter of 2020.
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.
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.