Hyatt Hotels’ third-quarter results showed continued growth in its hotel business, with comparable system-wide hotel RevPAR up 7.2% from a year earlier. Revenue at comparable all-inclusive resorts moved in the opposite direction, while fees and adjusted earnings increased. Hyatt also reported a larger development pipeline, continued share repurchases and a full-year outlook for about 6% net room growth.
The company reported $58 million in net income attributable to Hyatt and adjusted net income of $122 million. Diluted earnings per share were $0.60, compared with adjusted diluted EPS of $1.27.
Key details
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Hotel performance: Comparable system-wide hotel RevPAR—revenue per available room—rose 7.2% year over year in the quarter. At comparable all-inclusive resorts, Net Package RevPAR fell 2.5%.
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Fees and adjusted earnings: Gross fees increased 15.2% to $327 million. Adjusted EBITDA was $295 million, up 6.2% from a year earlier, or 19% after adjusting for assets sold in 2025.
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Room growth and development pipeline: Net room growth over the trailing 12 months was 3.8%, or 3.9% excluding rooms from the Playa Hotels acquisition that Hyatt removed from its room count in the fourth quarter of 2025. Hyatt’s pipeline of rooms covered by executed management or franchise contracts reached about 158,000, up 12.1% from a year earlier.
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Shareholder returns: Hyatt repurchased 867,109 shares during the quarter for $147 million. Through Sept. 30, it had returned $336 million to shareholders through dividends and share repurchases.
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2026 outlook: Hyatt expects comparable system-wide hotel RevPAR to grow 5.0% to 5.5% for the full year versus 2025, and net room growth to be about 6%.
Hyatt also published a supplemental investor presentation. The results point to stronger performance in its comparable hotel portfolio alongside a decline at comparable all-inclusive resorts; the company’s stated full-year outlook remains positive for both hotel RevPAR and net room growth.