Hyatt Reports Fourth Quarter 2011 Results
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Hyatt Reports Fourth Quarter 2011 Results
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Category: Worldwide - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2012-02-17
Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported financial results as follows:
Adjusted EBITDA was $143 million in the fourth quarter of 2011 compared to $118 million in the fourth quarter of 2010, an increase of 21.2%.
Net income attributable to Hyatt was $52 million, or $0.31 per share, during the fourth quarter of 2011 compared to net income attributable to Hyatt of $6 million, or $0.03 per share, in the fourth quarter of 2010. Adjusted for special items, net income attributable to Hyatt was $52 million, or $0.31 per share, during the fourth quarter of 2011 compared to net income attributable to Hyatt of $12 million, or $0.07 per share, during the fourth quarter of 2010. See the table on page 3 of the accompanying schedules for a summary of special items.
Comparable owned and leased hotels RevPAR increased 6.0% in the fourth quarter of 2011 compared to the fourth quarter of 2010.
Owned and leased hotel operating margins increased 310 basis points in the fourth quarter of 2011 compared to the fourth quarter of 2010. Comparable owned and leased hotel operating margins increased 180 basis points in the fourth quarter of 2011 compared to the same period in 2010. See the table on page 9 of the accompanying schedules for a reconciliation of comparable owned and leased hotel operating margin to owned and leased hotel operating margin.
Comparable North American full-service RevPAR increased 6.5% in the fourth quarter of 2011 compared to the fourth quarter of 2010. Comparable North American select-service RevPAR increased 5.5% in the fourth quarter of 2011 compared to the fourth quarter of 2010.
Comparable International RevPAR increased 2.9% (3.0% excluding the effect of currency) in the fourth quarter of 2011 compared to the fourth quarter of 2010.
The Company added seven properties during the fourth quarter of 2011.
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