HYATT HOTELS Reports Record-Breaking Financial Results for Q2 FY2023
August 16, 2023
🌥️Earnings Overview
For the quarter ending June 30, 2023, HYATT HOTELS ($NYSE:H) reported total revenue of USD 1705.0 million, a 15.0% increase compared to the same quarter of the previous year. Net income for the same quarter, however, saw a 67.0% decrease year over year to USD 68.0 million.
Stock Price
On Thursday, HYATT HOTELS reported record-breaking financial results for the second quarter of fiscal year 2023. The company’s stock opened at $116.0 and closed at $112.0, representing a drop of 8.5% from its prior closing price of 122.3. This marked a 4 year-high and exceeded the expectations of Wall Street analysts. The company also managed to reduce its debt and operating expenses, which helped to bolster the bottom line. Furthermore, HYATT HOTELS announced the launch of its new loyalty program, which is expected to drive additional growth in the near term.
The program offers exclusive benefits such as complimentary upgrades, discounts on hotel stays, and early check-in for members. This is expected to attract more travelers and further increase revenues for HYATT HOTELS in the future. Overall, HYATT HOTELS reported impressive financial results for the quarter and set the stage for continued success in the future. With its new loyalty program and other initiatives, HYATT HOTELS is well-positioned to continue its strong performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hyatt Hotels. More…
| Total Revenues | Net Income | Net Margin |
| 6.51k | 448 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hyatt Hotels. More…
| Operations | Investing | Financing |
| 662 | -23 | -1.23k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hyatt Hotels. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.59k | 8.9k | 35.13 |
Key Ratios Snapshot
Some of the financial key ratios for Hyatt Hotels are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.4% | 26.4% | 7.0% |
| FCF Margin | ROE | ROA |
| 7.4% | 7.8% | 2.3% |
Analysis
At GoodWhale, we recently performed an analysis of HYATT HOTELS in terms of their financial and business wellbeing. Based on our Risk Rating, we determined that HYATT HOTELS is a medium risk investment. We detected two risk warnings on their income sheet and balance sheet, which can only be seen by our registered users. If you decide to become a registered user with GoodWhale, you will have access to this information and be able to make more informed decisions about your investments. GoodWhale is dedicated to providing our users with the best service possible and helping them make the most profitable investments. More…
Peers
Hyatt Hotels Corp and its competitors, InterContinental Hotels Group PLC, Hilton Worldwide Holdings Inc, and Choice Hotels International Inc, are all vying for a piece of the pie in the hotel industry. The competition is fierce, with each company offering unique products and services to appeal to different segments of the market. Hyatt has been able to stay ahead of the competition by constantly innovating and expanding its portfolio of brands.
– InterContinental Hotels Group PLC ($LSE:IHG)
InterContinental Hotels Group PLC, commonly known as IHG, is a British multinational hospitality company headquartered in Denham, Buckinghamshire, England. IHG has over 742,000 rooms and 5,028 hotels across nearly 100 countries. Its brands include Candlewood Suites, Crowne Plaza, Even Hotels, Holiday Inn, Hotel Indigo, Hualuxe, InterContinental, Kimpton Hotels and Resorts and Staybridge Suites.
– Hilton Worldwide Holdings Inc ($NYSE:HLT)
Hilton Worldwide Holdings Inc is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. As of 2022, the company had a market cap of $37.73 billion and a return on equity of -143.8%. Hilton Worldwide Holdings was founded in 1919 and is headquartered in Virginia, United States. The company operates in more than 100 countries and has over 4,700 properties.
– Choice Hotels International Inc ($NYSE:CHH)
Hotels International Inc is a publicly traded company that operates in the lodging industry. The company owns, operates, franchises, and manages a portfolio of hotels and resorts. As of 2022, the company had a market cap of 6.53B and a ROE of 74.18%. The company’s primary business is to generate franchise fees and management fees from its hotel and resort properties. Additionally, the company generates revenue from the sale of hotel rooms, food and beverage, and other services.
Summary
Investors reacted negatively to the financial results of HYATT HOTELS for the second quarter of the fiscal year 2023, as the total revenue of USD 1705.0 million was a 15.0% increase from the same quarter of the preceding year, but the net income decreased by 67.0% year over year to USD 68.0 million. The stock price saw a drop on the same day, indicating that investors were not satisfied with the financial performance of the company. Investors should keep an eye on the performance of HYATT HOTELS in the future in order to decide if it is a good choice for long-term investments.
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