Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Q2 2026 Earnings Presentation
27 slides from Hyatt Hotels's earnings presentation, Jul 30, 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation SECOND QUARTER 2026 THE BARAI HUA HIN N E W LY O P E N E D Q 2 2 0 2 6
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 1,559 377,886 ~ 154,000 Hotels and All-Inclusive Rooms Rooms
Slide 4: Hyatt Key Investment Considerations
HYATT KEY INVESTMENT CONSIDERATIONS • Purpose-driven culture fuels performance • Global portfolio of differentiated, premium brands • World of Hyatt’s compelling membership benefits drive loyalty • Significant whitespace opportunity supports long-term organic growth • Asset-light business model desi
Slide 5: Brand Portfolios Demonstrate Focus & Differentiation
BRAND PORTFOLIOS 1 DEMONSTRATE FOCUS & DIFFERENTIATION LUXURY LIFESTYLE INCLUSIVE CLASSICS ESSENTIALS 5
Slide 6: World of Hyatt: Redefining Loyalty
WORLD OF HYATT: REDEFINING LOYALTY THE STANDARD MALDIVES ~ 69M 2026 Best Hotel Rewards Program World of Hyatt Members 17% Membership Growth 55% More Members per Hotel THEPOINTSGUY AWARDS 2026 Best Hotel Elite Status Year-over-Year vs. Closest Competitor1 High-Quality Scale Award-Winning Recognition
Slide 7: Meaningful Growth Opportunities in Global Markets
MIRAVAL ARIZONA RESORT & SPA MEANINGFUL GROWTH OPPORTUNITIES IN GLOBAL MARKETS Global Markets 1 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 underrepresented in markets markets has no
Slide 8: Meaningful Growth Opportunities in the United States
THOMPSON PALM SPRINGS MEANINGFUL GROWTH OPPORTUNITIES IN THE UNITED STATES Market Tracts 1 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 9: Hyatt's Differentiation Drives Durable Growth
HYATT’S DIFFERENTIATION DRIVES DURABLE GROWTH PREMIUM INDUSTRY-LEADING COMPOUNDING REVPAR GROWTH NET ROOMS GROWTH FEE GROWTH COMPOUNDING FREE CASH FLOW† & LONG-TERM SHAREHOLDER VALUE SCHLOSS ROXBURGHE 9
Slide 10: Demonstrated Track Record of Delivering Strong Results
DEMONSTRATED TRACK RECORD OF DELIVERING STRONG RESULTS ZÉLIA HALKIDIKI NET ROOMS GROWTH GROSS FEE REVENUE ASSET-LIGHT EARNINGS MIX ◊2 ADJ. FREE CASH FLOW † + 7.0% + 14.0% + 1,300 bps + 55% CAGR CAGR Adj. FCF Conversion†3 3-Year Average $1,198M 89% 373K $527M 304K $808M 76% $473M 2022 2025 2022 2025
Slide 11: Quarterly Highlights
H YAT T P L A C E JIAXING NANHU QUARTERLY HIGHLIGHTS 11
Slide 12: Q2 2026 Highlights
THE BARAI HUA HIN Q2 2026 HIGHLIGHTS 1 FINANCIAL RESULTS $110M $1.14 $297M $324M NET DILUTED ADJUSTED GROSS FEES INCOME 2 EPS 2 EBITDA † OPERATIONAL RESULTS + 5.9% + 3.9% + 10.0% + 17% SYSTEM-WIDE NET ROOMS GROWTH PIPELINE ROOMS WORLD OF HYATT HOTELS REVPAR◊ 4.4% NRG excluding certain GROWTH MEMBER
Slide 13: 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 3.5% 4.5% 18% Net Rooms 11% Growth Approx. 6% 13% 9% Net Income 1 $250M $335M Gross Fees $1,305M $1,335M Adjusted EBITDA †2 $1,155M $1,205M Adjusted Free Cash Flow †
Slide 14: Impact of 2025 Asset Sales to Owned & Leased Segment Adjusted EBITDA
IMPACT OF 2025 ASSET SALES TO MIRAVAL THE RED SEA RESORT & SPA OWNED & 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 Busi
Slide 15: 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 16: Balanced Capital Allocation Strategy Enhances Shareholder Value
BALANCED CAPITAL ALLOCATION PARK HYATT PARIS-VENDÔME STRATEGY ENHANCES SHAREHOLDER VALUE WE HAVE AND WILL CONTINUE TO: Invest in growth to increase shareholder value Return excess cash to shareholders Maintain an investment-grade profile 16
Slide 17: Committed to Returning Capital Through Dividends & Share Repurchases
PARK HYATT MARRAKECH COMMITTED TO RETURNING CAPITAL THROUGH DIVIDENDS & SHARE REPURCHASES SHAREHOLDER RETURNS SHARE $0.15 QUARTERLY $175M YEAR-TO-DATE 2 $1.5B REPURCHASE DIVIDEND 1 AUTHORIZATION 4 $325 - $375M 2026 OUTLOOK 3 17
Slide 18: 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: $0.6B $— Cash and Cash Equivalents , 2026 2027 2028 2029 2030 & Beyond & Short-Term Investments $1
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 June 30, 2026. 1 Global brands inclusive of June 30, 2026 brand bar, displayed on slide 5. 2 Source: Smith Travel Research Global Census as of December 31, 2025. Luxury branded rooms as defined by S
Slide 22: References
References SLIDE 13: HYATT FULL YEAR 2026 OUTLOOK 1 Represents amounts attributable to Hyatt Hotels Corporation. 2 Reflects a reduction of $78 million in 2025 owned and leased segment Adjusted EBITDA to account for period of ownership of hotels acquired as part of the Playa hotels and the impact of
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 June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net income (loss) attributable to Hyatt Hotels Corporation $ 110 $ (3) $ 148 $ 17 Contra revenue 17 15 40 35 Revenues for reimbursed costs (1,023) (945) (1,968) (1,831) Reimbursed costs 1
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations Year Ending December 31, 2026 (in millions) Outlook Range Low Case High Case Net income attributable to Hyatt Hotels Corporation $ 250 $ 335 Contra revenue 74 74 Reimbursed costs, net (a) 110 70 Stock-based compensation expense (b) 66 66 Transaction and integration costs 45