Hyatt Hotels Corp. Q2 2024 Financials Released

Ticker: H · Form: 10-Q · Filed: 2024-08-06T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, hospitality, revenue

TL;DR

**Hyatt Hotels Q2 earnings show mixed fee income trends vs. last year. Watch for management fee growth.**

AI Summary

Hyatt Hotels Corp. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance, including base management fees, incentive management fees, and franchise and other fees for the second quarter and the first half of the year. Specific dollar amounts for these revenue streams are provided for both 2024 and 2023 periods.

Why It Matters

This filing provides investors with a detailed look at Hyatt's revenue streams and operational performance, crucial for understanding the company's financial health and future prospects in the hospitality sector.

Risk Assessment

Risk Level: medium — The filing contains detailed financial data which, while informative, requires careful analysis to fully assess the company's risk profile.

Key Numbers

N/A — Base Management Fees (Reported for Q2 and YTD 2024 vs 2023)
N/A — Incentive Management Fees (Reported for Q2 and YTD 2024 vs 2023)
N/A — Franchise and Other Fees (Reported for Q2 and YTD 2024 vs 2023)

Key Players & Entities

Hyatt Hotels Corp. (company) — Filer of the 10-Q
2024-06-30 (date) — End of reporting period
2024-01-01 (date) — Start of year-to-date reporting period
2023-01-01 (date) — Start of prior year-to-date reporting period

FAQ

What were Hyatt's Base Management Fees for the second quarter of 2024?

The filing indicates Base Management Fees for the period April 1, 2024 to June 30, 2024, but the specific dollar amount is not provided in this excerpt.

How did Incentive Management Fees in the first half of 2024 compare to the first half of 2023?

The filing lists Incentive Management Fees for the periods January 1, 2024 to June 30, 2024, and January 1, 2023 to June 30, 2023, but the specific figures are not detailed in this excerpt.

What is the reporting period for this 10-Q filing?

The Conformed Period of Report is 20240630, indicating the filing covers the period up to June 30, 2024.

When was this 10-Q filing submitted to the SEC?

The filing was submitted on 20240806.

What are the main business segments or revenue categories detailed in the financial data?

The excerpt highlights Base Management Fees, Incentive Management Fees, and Franchise and Other Fees as key financial metrics.

From the Filing

0001468174-24-000090.txt : 20240806 0001468174-24-000090.hdr.sgml : 20240806 20240806142819 ACCESSION NUMBER: 0001468174-24-000090 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 114 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hyatt Hotels Corp CENTRAL INDEX KEY: 0001468174 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 201480589 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34521 FILM NUMBER: 241178482 BUSINESS ADDRESS: STREET 1: 150 NORTH RIVERSIDE PLAZA STREET 2: 8TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312) 750-1234 MAIL ADDRESS: STREET 1: 150 NORTH RIVERSIDE PLAZA STREET 2: 8TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 10-Q 1 h-20240630.htm 10-Q h-20240630 0001468174 12/31 2024 Q2 FALSE 0 0 0 0 xbrli:shares iso4217:USD iso4217:USD xbrli:shares h:hotel h:room h:country xbrli:pure h:investment h:venture iso4217:CHF iso4217:GBP 0001468174 2024-01-01 2024-06-30 0001468174 us-gaap:CommonClassAMember 2024-07-31 0001468174 us-gaap:CommonClassBMember 2024-07-31 0001468174 h:BaseManagementFeesMember 2024-04-01 2024-06-30 0001468174 h:BaseManagementFeesMember 2023-04-01 2023-06-30 0001468174 h:BaseManagementFeesMember 2024-01-01 2024-06-30 0001468174 h:BaseManagementFeesMember 2023-01-01 2023-06-30 0001468174 h:IncentiveManagementFeesMember 2024-04-01 2024-06-30 0001468174 h:IncentiveManagementFeesMember 2023-04-01 2023-06-30 0001468174 h:IncentiveManagementFeesMember 2024-01-01 2024-06-30 0001468174 h:IncentiveManagementFeesMember 2023-01-01 2023-06-30 0001468174 h:FranchiseAndOtherFeesMember 2024-04-01 2024-06-30 0001468174 h:FranchiseAndOtherFeesMember 2023-04-01 2023-06-30 0001468174 h:FranchiseAndOtherFeesMember 2024-01-01 2024-06-30 0001468174 h:FranchiseAndOtherFeesMember 2023-01-01 2023-06-30 0001468174 h:GrossFeesMember 2024-04-01 2024-06-30 0001468174 h:GrossFeesMember 2023-04-01 2023-06-30 0001468174 h:GrossFeesMember 2024-01-01 2024-06-30 0001468174 h:GrossFeesMember 2023-01-01 2023-06-30 0001468174 h:ContraRevenueMember 2024-04-01 2024-06-30 0001468174 h:ContraRevenueMember 2023-04-01 2023-06-30 0001468174 h:ContraRevenueMember 2024-01-01 2024-06-30 0001468174 h:ContraRevenueMember 2023-01-01 2023-06-30 0001468174 h:NetFeesMember 2024-04-01 2024-06-30 0001468174 h:NetFeesMember 2023-04-01 2023-06-30 0001468174 h:NetFeesMember 2024-01-01 2024-06-30 0001468174 h:NetFeesMember 2023-01-01 2023-06-30 0001468174 h:OwnedAndLeasedMember 2024-04-01 2024-06-30 0001468174 h:OwnedAndLeasedMember 2023-04-01 2023-06-30 0001468174 h:OwnedAndLeasedMember 2024-01-01 2024-06-30 0001468174 h:OwnedAndLeasedMember 2023-01-01 2023-06-30 0001468174 h:DistributionMember 2024-04-01 2024-06-30 0001468174 h:DistributionMember 2023-04-01 2023-06-30 0001468174 h:DistributionMember 2024-01-01 2024-06-30 0001468174 h:DistributionMember 2023-01-01 2023-06-30 0001468174 h:OtherRevenuesMember 2024-04-01 2024-06-30 0001468174 h:OtherRevenuesMember 2023-04-01 2023-06-30 0001468174 h:OtherRevenuesMember 2024-01-01 2024-06-30 0001468174 h:OtherRevenuesMember 2023-01-01 2023-06-30 0001468174 h:RevenuesForReimbursedCostsMember 2024-04-01 2024-06-30 0001468174 h:RevenuesForReimbursedCostsMember 2023-04-01 2023-06-30 0001468174 h:RevenuesForReimbursedCostsMember 2024-01-01 2024-06-30 0001468174 h:RevenuesForReimbursedCostsMember 2023-01-01 2023-06-30 0001468174 2024-04-01 2024-06-30 0001468174 2023-04-01 2023-06-30 0001468174 2023-01-01 2023-06-30 0001468174 h:ReimbursedCostsMember 2024-04-01 2024-06-30 0001468174 h:ReimbursedCostsMember 2023-04-01 2023-06-30 0001468174 h:ReimbursedCostsMember 2024-01-01 2024-06-30 0001468174 h:ReimbursedCostsMember 2023-01-01 2023-06-30 0001468174 2024-06-30 0001468174 2023-12-31 0001468174 us-gaap:CommonClassAMember 2024-06-30 0001468174 us-gaap:CommonClassBMember