Hyatt Hotels Corporation - Ordinary Shares - Class A

NYSE:H   3:59:59 PM EDT
75.29
-3.12 (-3.98%)
4:00:00 PM EDT: $75.28 -0.01 (-0.01%)
Other Pre-Announcement

Hyatt Reports First-Quarter 2021 Results

Published: 05/04/2021 21:03 GMT
Hyatt Hotels Corporation - Ordinary Shares - Class A (H) - Hyatt Reports First-quarter 2021 Results.
Q1 Adjusted Loss per Share $3.57.
Q1 Loss per Share $2.99.
Qtrly Comparable System-wide Revpar Decreased 48.9% Compared to Q1 of 2020.2021 Capital Expenditures Are Expected to Be Approximately $110 Million.
In 2021 Expects to Grow Units, on a Net Rooms Basis, by Over 5.0.
As of March 31, 2021, Company Reported Total Debt of $3,242 Million.
In 2021 Adjusted Selling, General, and Administrative Expenses Are Expected to Be Approximately $240 Million.
As of March 31, 2021, Company Reported Cash and Cash Equivalents of $1,078 Million.
As of March 31, 2021, Company Reported Restricted Cash of $9 Million, and Short-term Investments of $550 Million.company Suspended All Share Repurchase Activity, and Suspended Its Quarterly Dividend.
Q1 Earnings per Share View $-1.30 -- Refinitiv Ibes Data (analyst estimates).
Qtrly Comparable System-wide Revpar Rose Over 50% From January to March 2021.
As of March 31, 2021, 96% of Total System-wide Hotels (94% of Rooms) Were Open.
23 New Hotels (or 3,919 Rooms) Opened in Q1 of 2021, Contributing to a 6.5% Increase in Net Rooms Compared to Q1 of 2020.
As of March 31, 2021, Co Had Executed Management Or Franchise Contracts for About 490 Hotels (or About 100,000 Rooms).
Qtrly Revenue $438 Million Versus $993 Million.
Q1 Revenue View $468.9 Million -- Refinitiv Ibes Data (analyst estimates).