Hyatt reports fourth quarter 2014 results (United States)
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported fourth quarter 2014 financial results as follows: |
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Hyatt reports fourth quarter 2014 results (United States)
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported fourth quarter 2014 financial results as follows: |
Category: North America & West Indies / Carribean islands - United States - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2015-02-19
Adjusted EBITDA was $146 million in the fourth quarter of 2014 compared to $178 million in the fourth quarter of 2013, a decrease of 18.0%.
Adjusted EBITDA in the fourth quarter of 2014 was negatively impacted by a $22 million nonrecurring stock based compensation expense related to prior periods.
Adjusted for special items, net income attributable to Hyatt was $47 million, or $0.31 per share, during the fourth quarter of 2014 compared to net income attributable to Hyatt of $51 million, or $0.32 per share, during the fourth quarter of 2013.
Net income attributable to Hyatt was $182 million, or $1.20 per share, during the fourth quarter of 2014 compared to net income attributable to Hyatt of $32 million, or $0.20 per share, in the fourth quarter of 2013.
Comparable owned and leased hotels RevPAR increased 1.9% (3.4% excluding the effect of currency) in the fourth quarter of 2014 compared to the fourth quarter of 2013.
Comparable owned and leased hotels operating margins decreased 50 basis points in the fourth quarter of 2014 compared to the same period in 2013. Owned and leased hotels operating margins decreased 50 basis points in the fourth quarter of 2014 compared to the fourth quarter of 2013.
Comparable systemwide RevPAR increased 3.1% (5.1% excluding the effect of currency) in the fourth quarter of 2014 compared to the fourth quarter of 2013.
Comparable U.S. full service hotel RevPAR increased 5.8% in the fourth quarter of 2014 compared to the fourth quarter of 2013. Comparable U.S. select service hotel RevPAR increased 7.2% in the fourth quarter of 2014 compared to the fourth quarter of 2013.
Fourteen hotels were opened. As of December 31, 2014, the Company's executed contract base consisted of approximately 250 hotels or approximately 55,000 rooms.
The Company repurchased 3,645,096 shares of common stock at a weighted average price of $59.06 per share, for an aggregate purchase price of approximately $215 million.
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