Hyatt reports first quarter 2015 results (United States)
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported first quarter 2015 financial results as follows: |
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Hyatt reports first quarter 2015 results (United States)
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported first quarter 2015 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 2015-05-06
- Adjusted EBITDA was $169 million in the first quarter of 2015 compared to $172 million in the first quarter of 2014, a decrease of 1.7%.
- Adjusted for special items, net income attributable to Hyatt was $17 million, or $0.11 per share, during the first quarter of 2015 compared to net income attributable to Hyatt of $20 million, or $0.13 per share, during the first quarter of 2014.
- Net income attributable to Hyatt was $22 million, or $0.15 per share, during the first quarter of 2015 compared to net income attributable to Hyatt of $56 million, or $0.36 per share, in the first quarter of 2014.
- Comparable owned and leased hotels RevPAR increased 3.8% (6.5% excluding the effect of currency) in the first quarter of 2015 compared to the first quarter of 2014.
- Comparable owned and leased hotels operating margins increased 50 basis points in the first quarter of 2015 compared to the first quarter of 2014. Owned and leased hotels operating margins increased 30 basis points in the first quarter of 2015 compared to the first quarter of 2014.
- Comparable systemwide RevPAR increased 4.6% (7.4% excluding the effect of currency) in the first quarter of 2015 compared to the first quarter of 2014.
- Comparable U.S. full service hotel RevPAR increased 8.4% in the first quarter of 2015 compared to the first quarter of 2014. Comparable U.S. select service hotel RevPAR increased 10.1% in the first quarter of 2015 compared to the first quarter of 2014.
- Nine hotels were opened during the first quarter of 2015. As of March 31, 2015, the Company's executed contract base consisted of approximately 250 hotels or approximately 55,000 rooms.
- The Company repurchased 3,192,629 shares of common stock at a weighted average price of $58.67 per share, for an aggregate purchase price of approximately $187 million.
Mark S. Hoplamazian , president and chief executive officer of Hyatt Hotels Corporation, said, "The year is off to a strong start with first quarter comparable systemwide RevPAR increasing 7.4% in constant dollars. We saw robust performance in our largest market, with U.S. full service RevPAR increasing 8.4% and U.S. select service RevPAR increasing 10.1%, with the majority of both increases coming from average daily rate.
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