Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Q1 2026 Earnings Presentation
27 slides from Hyatt Hotels's earnings presentation, Apr 30, 2026
Slide 1: Investor Presentation First Quarter 2026
Investor Hyatt Presentation FIRST QUARTER 2026
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the Company's plans, strategies
Slide 3: Global Hospitality Company Focused on Serving the High-End Traveler
PARK HYATT LONDON RIVER THAMES GLOBAL HOSPITALITY COMPANY FOCUSED ON SERVING THE HIGH-END TRAVELER 83 36 #1 Countries Around Global Brands 1 World's Largest Portfolio the World and 6 Continents of Luxury Branded Rooms in Resort Locations 2 1,548 375,260 ~ 151,000 Hotels and All-Inclusive Rooms Rooms
Slide 4: Hyatt Key Investment Considerations
HYATT KEY INVESTMENT CONSIDERATIONS • Purpose driven company: We Care For People So They Can Be Their Best • Global portfolio of premium brands • World of Hyatt’s differentiated membership benefits drive loyalty • Significant white space enables long-term organic growth • Asset-light business model
Slide 5: Award-Winning Hospitality Underpinned by Purpose
AWARD-WINNING HOSPITALITY UNDERPINNED BY PURPOSE Fortune World’s Most Admired Companies 2026 Fortune 100 Best Companies To Work For 2026 Glassdoor Best Places To Work 2025 TIME World’s Best Companies of 2025 People 100 Companies That Care List 2025 5
Slide 6: Brand Portfolios Demonstrate Focus & Differentiation
BRAND PORTFOLIOS 1 DEMONSTRATE FOCUS & DIFFERENTIATION Luxury Lifestyle Inclusive Classics Essentials 6
Slide 7: World of Hyatt: Redefining Loyalty
WORLD OF HYATT: REDEFINING LOYALTY THE STANDARD MALDIVES ~ 66M 2026 Best Hotel Rewards Program World of Hyatt Members 18% 55% 2026 Best Hotel Elite Status THEPOINTSGUY AWARDS 2026 Membership Growth More Members per Hotel Since 2025 vs. Closest Competitor1 High-Quality Scale Award-Winning Recognition
Slide 8: Well Represented in the Top Global Markets with Significant Opportunity for Future Growth
MIRAVAL ARIZONA RESORT & SPA WELL REPRESENTED IN THE TOP GLOBAL 1 MARKETS WITH SIGNIFICANT OPPORTUNITY FOR FUTURE GROWTH Global Markets Global Market Coverage Hotels per Market As defined by Smith Travel Research Hyatt has significant opportunity to expand into markets where it currently Hyatt is un
Slide 9: Meaningful Growth Opportunities in the United States
THOMPSON PALM SPRINGS MEANINGFUL GROWTH OPPORTUNITIES IN THE UNITED STATES 1 Market Tracts Market Tract Coverage Hotels per Tract As defined by Smith Travel Research Hyatt has significant opportunity to expand into tracts where it currently has Hyatt is underrepresented in tracts market tracts no br
Slide 10: Quarterly Highlights
HOTEL X TORONTO QUARTERLY HIGHLIGHTS 10
Slide 11: Q1 2026 Highlights
Q1 2026 HIGHLIGHTS 1 HYATT REGENCY ZADAR FINANCIAL RESULTS $38M $0.40 $266M $333M NET DILUTED ADJUSTED GROSS FEES INCOME 2 EPS 2 EBITDA † OPERATIONAL RESULTS + 5.4% + 5.0% + 9.4% + 18% SYSTEM-WIDE NET ROOMS PIPELINE ROOMS WORLD OF HYATT HOTELS REVPAR◊ GROWTH GROWTH MEMBER GROWTH ~ GROWTH 66M | N E W
Slide 12: Hyatt Full Year 2026 Outlook
HYATT FULL YEAR 2026 OUTLOOK ALILA WUZHEN LOW CASE HIGH CASE 2026 OUTLOOK GROWTH VS. FULL YEAR 2025 System-Wide Hotels RevPAR ◊ Growth 2.0% 4.0% 18% Net Rooms 11% Growth 6.0% 7.0% 13% 9% Net Income $255M $350M Gross Fees $1,305M $1,335M Adjusted EBITDA †1 $1,155M $1,205M Adjusted Free Cash Flow † $5
Slide 13: Impact of 2025 Asset Sales to Owned and Leased Segment Adjusted EBITDA
IMPACT OF 2025 ASSET SALES TO MIRAVAL THE RED SEA RESORT & SPA OWNED AND LEASED SEGMENT ADJUSTED EBITDA † (in Millions) Estimated Value of Remaining $203 Owned Assets1 $2.2B - $2.5B Excludes leases $125 $(73) $(5) Luxury and Luxury Wellness 2 Adjustments from sold 7 hotels owned and leased hotels Bu
Slide 14: Earnings Growth Model Drives Free Cash Flow
EARNINGS GROWTH MODEL DRIVES FREE PARK HYATT SHANGHAI CASH FLOW † EARNINGS GROWTH MODEL SENSITIVITIES FOR 2026 System-Wide Hotels + / - 1 POINT Net Rooms Growth RevPAR ◊ Growth 1 $ ADJUSTED EBITDA † 10M – $18M $ 8M – $10M ADJ. EBITDA † GROWTH 1.0% – 1.8% 0.8% – 1.0% Adj. EBITDA † growth after adjust
Slide 15: Capital Allocation Strategy
PARK HYATT PARIS-VENDÔME CAPITAL ALLOCATION STRATEGY WE HAVE AND WILL CONTINUE TO: Invest in growth to increase shareholder value Return excess cash to shareholders Maintain an investment-grade profile 15
Slide 16: Committed to Returning Capital Through Dividends & Share Repurchases
AOLUGUYA, THE UNBOUND COLLECTION COMMITTED TO RETURNING CAPITAL THROUGH DIVIDENDS & SHARE REPURCHASES SHAREHOLDER RETURNS SHARE $0.15 QUARTERLY $149M YEAR-TO-DATE 2 $543M REPURCHASE DIVIDEND 1 $325 - AUTHORIZATION 4 2026 OUTLOOK 3 $375M 16
Slide 17: Committed to Investment Grade
COMMITTED TO INVESTMENT GRADE Senior Notes Maturities by Year 1 Total Senior Notes: $4.2B Credit Ratings $M USD $2,140 BBB- Baa3 BBB- Stable Stable Stable $899 Liquidity $600 $600 STRONG POSITION WITH: $0.7B $— Cash and Cash Equivalents , 2026 2027 2028 2029 2030 & Beyond & Short-Term Investments $1
Slide 18: What to Expect in 2026
HOTEL FLÜELA DAVOS WHAT TO EXPECT IN 2026… Award-winning loyalty program and focused portfolio of brands drive commercial results Growth strategy enhances network effect, creating value for all stakeholders Asset-Light Earnings Mix ◊ of ~90% 18
Slide 19: We care for people so they can be their best
HYALTT We ¢«“'\/ for people so they can be their best.
Slide 20: Appendix
HYALTT APPENDIX
Slide 21: References
References SLIDE 3: GLOBAL HOSPITALITY COMPANY FOCUSED ON SERVING THE HIGH-END TRAVELER Figures as of March 31, 2026. 1 Global brands inclusive of March 31, 2026 brand bar, displayed on slide 6. 2 Source: Smith Travel Research Global Census as of March 31, 2026. Luxury branded rooms as defined by Sm
Slide 22: References
References SLIDE 13: IMPACT OF 2025 ASSET SALES TO OWNED AND LEASED SEGMENT ADJUSTED EBITDA † Additional details relating to the adjustments to owned and leased segment Adjusted EBITDA† from sold assets can be found on schedule A-9 in the first quarter 2026 earnings release. 1 Value is based on the
Slide 23: Definitions
Definitions Adjusted Earnings Before Interest Expense, Taxes, Depreciation, and Amortization ("Adjusted EBITDA"): We use the term Adjusted EBITDA throughout this Investor Presentation. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income (loss) attributabl
Slide 24: Definitions
Definitions Asset-Light Earnings Mix: Asset-Light Earnings Mix is calculated as Adjusted EBITDA from the management and franchising segment and distribution segment divided by Adjusted EBITDA, excluding overhead and eliminations. Our management uses this calculation to assess the composition of the
Slide 25: Definitions
Definitions Playa Hotels Acquisition: On June 17, 2025, the Company completed the acquisition of Playa Hotels & Resorts N.V. ("Playa Hotels" or "Playa"), a leading owner, operator, and developer of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica, for a purchase price of $13.50 p
Slide 26: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Three Months Ended March 31, 2026 2025 Net income attributable to Hyatt Hotels Corporation $ 38 $ 20 Contra revenue 23 20 Revenues for reimbursed costs (945) (886) Reimbursed costs 963 902 Stock-based compensation expense (a) 27 31 Transaction and integration c
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Year Ended December 31, 2026 Outlook Range Low Case High Case Net income attributable to Hyatt Hotels Corporation $ 255 $ 350 Contra revenue 74 74 Reimbursed costs, net (a) 110 70 Stock-based compensation expense (b) 65 65 Transaction and integration costs 50 4