Hyatt Hotels Corporation has reported its second-quarter 2026 results, marked by solid RevPAR growth and a record development pipeline. Comparable system-wide RevPAR rose 5.9% year-on-year, while all-inclusive resort Net Package RevPAR fell 1.2%. Net rooms growth over twelve months reached 3.9%, or 4.4% excluding rooms from the Playa Hotels acquisition. The signed contracts pipeline now stands at approximately 154,000 rooms, up 10% year-on-year.
Net income attributable to Hyatt Hotels Corporation stood at $110 million for the quarter, with diluted EPS of $1.14. Gross fees reached $324 million, up 7.8%, driven by strong base fee business performance: management fees rose 10.2%, supported by managed hotel RevPAR and the strength of the US market. Adjusted EBITDA came in at $297 million, up 3.4%, or 8.8% adjusted for 2025 asset disposals.
“Our strong second-quarter results reflect the continued strength of Hyatt’s differentiated portfolio and the deep engagement of our high-value customers around the world,” said Mark S. Hoplamazian, Chairman and Chief Executive Officer. He noted that the resilience of the base fee business absorbed temporary regional headwinds, while maintaining the full-year outlook.
The Luxury and Upper Upscale categories drove RevPAR growth over the quarter, with strong momentum in individual leisure and group segments. The geopolitical conflict in the Middle East weighed on RevPAR growth by around 110 basis points, while security concerns in Mexico and reduced airlift weighed on all-inclusive resort Net Package RevPAR.
During the quarter, Hyatt opened 3,585 rooms, including Miraval The Red Sea, the first Miraval property outside the United States, and The Barai Hua Hin, which introduces The Unbound Collection by Hyatt brand to Thailand. The Group also announced a strategic master franchise agreement with Dossen Group to develop and operate hotels under the Hyatt Select brand in mainland China.
As at 30 June 2026, Hyatt reported total debt of $4.3 billion and total liquidity of $2.1 billion. The company repurchased $12 million of shares during the quarter, bringing the total amount returned to shareholders since the start of the year, through dividends and share buybacks, to $175 million. The Board of Directors declared a dividend of $0.15 per share for the third quarter of 2026.
For full-year 2026, Hyatt raises its RevPAR growth outlook to a range of 3.5% to 4.5%, up from previously more cautious expectations, a revision reflecting strong US market performance, notably linked to the FIFA World Cup. The Group also expects net rooms growth of around 6%, net income of between $250 million and $335 million, and adjusted EBITDA of between $1,155 million and $1,205 million, up 13% to 18% compared with 2025.
🔗 Also on LTH: Hyatt reports Q1 2026 results with RevPAR growth and a record pipeline
At a Glance
Hyatt — Q2 2026 Results
Comparable system-wide RevPAR +5.9% YoY; all-inclusive Net Package RevPAR -1.2%
Pipeline: ~154,000 rooms, +10.0% YoY; net rooms growth +3.9% (12 months)
Net income: $110M; Adjusted EBITDA: $297M (+3.4%, or +8.8% adjusted for 2025 asset sales)
Q2 openings include Miraval The Red Sea (first Miraval outside the US) and The Barai Hua Hin (Unbound Collection debut in Thailand)
New Hyatt Select master franchise agreement signed with Dossen Group for mainland China
FY2026 RevPAR guidance raised to 3.5%-4.5%, driven by US strength tied to the FIFA World Cup
