Analyst Consensus ?
ConsensusHold49 ratings
Bullish1938.8%
Neutral2551.0%
Bearish510.2%
Hyatt Hotels Corporation · H · FY2025 Q4 · Calendar Q1 2026
Hyatt leans on asset-light growth, fees and loyalty for 2026
The call supports a measured growth case: management described continued room additions, loyalty engagement and fee growth as drivers, with an asset-light model intended to increase the share of fee-based earnings. The thesis is conditional on execution and demand holding up; hurricane-related disruption, construction economics and pockets of softer U.S. demand remain counterweights.
Reported Before market openNYSEConsumer Cyclical
$17.02B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.33
Consensus $0.29
EPS surprise
+358.6%
Reported versus consensus
Reported revenue
$1.79B
Consensus $1.80B
Revenue surprise
-0.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.3%
Event window
SPY move
-1.5%
Same window
Abnormal move
+1.8%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-17.6%
Up to 20 sessions
HSPY benchmark
Ask FN2 about H FY2025 Q4
Transcript, numbers and history already loaded
Why did H rise 0.3% after beating EPS estimates in FY2025 Q4?What changed in H's guidance and outlook in FY2025 Q4?Give me the bull and bear case for H after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management said the asset-light transformation was complete and described the sale of the remaining Playa hotels alongside long-term management agreements. It also outlined AI-enabled search and booking initiatives, and said it would change its adjusted EBITDA definition beginning in 2026, which may affect comparisons.
Guidance delta
Management maintained its guidance sentiment and projected 2026 gross-fee growth of 8–11%. The supplied analysis also describes an expected 90% asset-light earnings mix in 2026; no further guidance revision is indicated in the supplied materials.
Key takeaways
- System-wide RevPAR grew 4% year over year in Q4, with luxury and leisure cited as leading segments.
- Net rooms grew 7.3%, including 6.7% organic growth, and the development pipeline was about 148,000 rooms.
- Management expects gross fees to grow 8–11% in 2026 and described the asset-light shift as complete.
- The loyalty program, new brand pipelines and AI-enabled search are management-identified growth initiatives; their contribution remains dependent on execution.
Management priorities
- Expand World of Hyatt membership and higher-value guest stays.
- Grow the development pipeline and scale Hyatt Select, Hyatt Studios and Unscripted.
- Develop AI-enabled search and booking tools across digital channels.
- Continue asset-light portfolio transactions and return capital through repurchases and dividends.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$185.96Current
$84Low
$166.43Average
$222High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Macquarie | Outperform | Outperform | Maintain | Oct 30, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 30, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 22, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 19, 2026 |
| Susquehanna | Neutral | Neutral | Maintain | Oct 13, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Oct 8, 2026 |
| Truist Securities | Buy | Buy | Maintain | Sep 10, 2026 |
| Baird | Neutral | Neutral | Maintain | Aug 3, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Jul 21, 2026 |
| Bernstein | Outperform | Outperform | Maintain | May 15, 2026 |
| Citigroup | Buy | Buy | Maintain | Feb 18, 2026 |
| Stifel | Hold | Hold | Maintain | Dec 31, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 7, 2025 |
| Raymond James | Strong Buy | Market Perform | Upgrade | Jul 1, 2025 |
| Goldman Sachs | Sell | Sell | Maintain | May 2, 2025 |
| Jefferies | Hold | Hold | Maintain | Apr 9, 2025 |
| HSBC | Hold | Buy | Downgrade | Nov 1, 2024 |
| B of A Securities | Buy | Buy | Maintain | Oct 21, 2024 |
| TD Cowen | Market Perform | Market Perform | Maintain | Mar 21, 2024 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Feb 14, 2024 |
| Redburn Atlantic | Neutral | Buy | Downgrade | Jan 16, 2024 |
| Redburn Partners | Buy | Buy | Maintain | Nov 30, 2022 |
| Berenberg | Buy | Hold | Upgrade | Sep 15, 2022 |
| Loop Capital | Hold | Hold | Maintain | Oct 6, 2021 |
| Longbow Research | Neutral | Buy | Downgrade | Dec 22, 2020 |
| Gordon Haskett | Hold | Underperform | Upgrade | Nov 25, 2020 |
| UBS | Sell | Sell | Maintain | Jun 5, 2020 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Apr 29, 2020 |
| Stifel Nicolaus | Hold | Hold | Maintain | Dec 19, 2019 |
| Bank of America | Neutral | Buy | Downgrade | Jan 7, 2019 |
| B. Riley Securities | Neutral | Neutral | Maintain | Nov 1, 2018 |
| B. Riley FBR | Neutral | Neutral | Maintain | Nov 1, 2018 |
| Nomura | Neutral | Neutral | Maintain | Oct 31, 2018 |
| Cowen & Co. | Perform | Market Perform | Maintain | Oct 23, 2018 |
| MKM Partners | Buy | Neutral | Upgrade | Dec 7, 2017 |
| B. Riley | Neutral | Buy | Downgrade | Nov 6, 2017 |
| Guggenheim | Neutral | Neutral | Maintain | Apr 26, 2017 |
| CLSA | Underperform | Outperform | Downgrade | Nov 2, 2016 |
| Wolfe Research | Underperform | Underperform | Maintain | Jul 6, 2016 |
| Telsey Advisory Group | Perform | Market Perform | Maintain | Jan 4, 2016 |
| Brean Capital | Buy | Buy | Maintain | Jun 18, 2015 |
| Credit Suisse | Underperform | Neutral | Downgrade | Aug 1, 2014 |
| FBR Capital | Outperform | Outperform | Maintain | May 1, 2014 |
| ISI Group | Buy | Neutral | Upgrade | Oct 14, 2013 |
| Evercore Partners | Equal Weight | Equal Weight | Maintain | May 29, 2013 |
| Cantor Fitzgerald | Hold | Hold | Maintain | Feb 14, 2013 |
| BMO Capital | Outperform | Outperform | Maintain | Jan 15, 2013 |
| Credit Agricole | Buy | Buy | Maintain | Nov 27, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $185.96. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Lizzie Dove | $215 | $184.3 | +15.6% | Oct 30, 2026 |
| Wells Fargo | Analyst unavailable | $189 | $169.13 | +1.6% | Oct 19, 2026 |
| Barclays | Analyst unavailable | $202 | $168.91 | +8.6% | Oct 16, 2026 |
| Morgan Stanley | Analyst unavailable | $211 | $161.94 | +13.5% | Oct 12, 2026 |
| Mizuho Securities | Ben Chaiken | $222 | $157.14 | +19.4% | Oct 8, 2026 |
| Truist Financial | Patrick Scholes | $198 | $161.27 | +6.5% | Sep 10, 2026 |
| Wolfe Research | Analyst unavailable | $203 | $162.55 | +9.2% | Sep 2, 2026 |
| Morgan Stanley | Analyst unavailable | $209 | $179.5 | +12.4% | Aug 18, 2026 |
| Robert W. Baird | Analyst unavailable | $191 | $174.06 | +2.7% | Aug 3, 2026 |
| Deutsche Bank | Steven Pizzella | $205 | $172.07 | +10.2% | Jul 31, 2026 |
| Barclays | Brandt Montour | $201 | $176.68 | +8.1% | Jul 31, 2026 |
| Barclays | Analyst unavailable | $220 | $190.65 | +18.3% | Jul 20, 2026 |
| Wells Fargo | Analyst unavailable | $186 | $191 | +0.0% | Jul 16, 2026 |
| HSBC | Analyst unavailable | $212 | $189.16 | +14.0% | Jun 4, 2026 |
| Morgan Stanley | Analyst unavailable | $208 | $182.17 | +11.9% | Jun 1, 2026 |
| Robert W. Baird | Analyst unavailable | $185 | $181.36 | -0.5% | Jun 1, 2026 |
| Wells Fargo | Trey Bowers | $182 | $181.36 | -2.1% | Jun 1, 2026 |
| Stifel Nicolaus | Simon Yarmak | $182 | $185.46 | -2.1% | May 29, 2026 |
| Mizuho Securities | Ben Chaiken | $221 | $185.46 | +18.8% | May 29, 2026 |
| Bernstein | Analyst unavailable | $202 | $169.98 | +8.6% | May 15, 2026 |
| Susquehanna | Analyst unavailable | $180 | $163.73 | -3.2% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $219 | $169.02 | +17.8% | May 1, 2026 |
| Stifel Nicolaus | Analyst unavailable | $171 | $169.64 | -8.0% | Apr 30, 2026 |
| Evercore ISI | Duane Pfennigwerth | $180 | $163.9 | -3.2% | Apr 24, 2026 |
| Susquehanna | Christopher Stathoulopoulos | $185 | $165.44 | -0.5% | Apr 23, 2026 |
| Barclays | Brandt Montour | $197 | $163.46 | +5.9% | Apr 16, 2026 |
| Morgan Stanley | Analyst unavailable | $195 | $155.67 | +4.9% | Apr 10, 2026 |
| Robert W. Baird | Michael Bellisario | $182 | $168.38 | -2.1% | Feb 19, 2026 |
| Deutsche Bank | Analyst unavailable | $192 | $167.21 | +3.2% | Feb 13, 2026 |
| Mizuho Securities | Ben Chaiken | $224 | $169.07 | +20.5% | Feb 13, 2026 |
| Stifel Nicolaus | Analyst unavailable | $170 | $170.3 | -8.6% | Feb 12, 2026 |
| Evercore ISI | Analyst unavailable | $175 | $163.75 | -5.9% | Jan 22, 2026 |
| Morgan Stanley | Analyst unavailable | $194 | $169.71 | +4.3% | Jan 16, 2026 |
| Barclays | Analyst unavailable | $198 | $169.71 | +6.5% | Jan 16, 2026 |
| Goldman Sachs | Lizzie Dove | $198 | $168.55 | +6.5% | Jan 14, 2026 |
| Mizuho Securities | Ben Chaiken | $223 | $165.27 | +19.9% | Jan 13, 2026 |
| Bernstein | Analyst unavailable | $189 | $163.64 | +1.6% | Jan 6, 2026 |
| Bernstein | Richard Clarke | $188 | $162.87 | +1.1% | Jan 2, 2026 |
| Stifel Nicolaus | Analyst unavailable | $164 | $160.98 | -11.8% | Dec 31, 2025 |
| Barclays | Brandt Montour | $200 | $162.69 | +7.6% | Dec 17, 2025 |
| Robert W. Baird | Analyst unavailable | $156 | $151.88 | -16.1% | Nov 20, 2025 |
| Robert W. Baird | Analyst unavailable | $154 | $147.9 | -17.2% | Oct 21, 2025 |
| Bernstein | Analyst unavailable | $177 | $141.03 | -4.8% | Sep 17, 2025 |
| Truist Financial | Patrick Scholes | $159 | $144.14 | -14.5% | Sep 3, 2025 |
| Melius Research | Analyst unavailable | $150 | $104.22 | -19.3% | Apr 21, 2025 |
| Goldman Sachs | Lizzie Dove | $110 | $109.07 | -40.8% | Apr 14, 2025 |
| Truist Financial | Patrick Scholes | $163 | $142.75 | -12.3% | Feb 18, 2025 |
| Jefferies | David Katz | $176 | $156.31 | -5.4% | Jan 2, 2025 |
| Wells Fargo | Daniel Politzer | $178 | $152.18 | -4.3% | Oct 22, 2024 |
| Bank of America Securities | Shaun Kelley | $175 | $152.64 | -5.9% | Oct 21, 2024 |
| CFRA | Garrett Nelson | $155 | $152.61 | -16.6% | Oct 17, 2024 |
| Robert W. Baird | Michael Bellisario | $157 | $153.52 | -15.6% | Oct 17, 2024 |
| Truist Financial | Patrick Scholes | $169 | $154.91 | -9.1% | Oct 14, 2024 |
| Robert W. Baird | Michael Bellisario | $158 | $151.59 | -15.0% | Sep 24, 2024 |
| Goldman Sachs | Lizzie Dove | $151 | $148.38 | -18.8% | Sep 18, 2024 |
| Citigroup | Michael Bilerman | $165 | $149.13 | -11.3% | Sep 3, 2024 |
| Jefferies | David Katz | $152 | $147.54 | -18.3% | Aug 28, 2024 |
| Truist Financial | Patrick Scholes | $164 | $135.14 | -11.8% | Aug 12, 2024 |
| Barclays | Brandt Montour | $146 | $132.02 | -21.5% | Aug 7, 2024 |
| Stifel Nicolaus | Simon Yarmak | $141 | $132.02 | -24.2% | Aug 6, 2024 |
| Truist Financial | Patrick Scholes | $168 | $144.99 | -9.7% | May 30, 2024 |
| Robert W. Baird | Michael Bellisario | $162 | $148.88 | -12.9% | May 17, 2024 |
| Mizuho Securities | Ben Chaiken | $204 | $150.47 | +9.7% | May 15, 2024 |
| Mizuho Securities | Ben Chaiken | $195 | $146.58 | +4.9% | Apr 23, 2024 |
| Stifel Nicolaus | Antonio Riverwalk | $154 | $155.89 | -17.2% | Apr 11, 2024 |
| Mizuho Securities | Ben Chaiken | $197 | $157.85 | +5.9% | Mar 25, 2024 |
| Morgan Stanley | Stephen W Grambling | $139 | $110.31 | -25.3% | Mar 14, 2023 |
| Truist Financial | Patrick Scholes | $145 | $112.57 | -22.0% | Feb 21, 2023 |
| Morgan Stanley | Analyst unavailable | $136 | $98.82 | -26.9% | Dec 5, 2022 |
| Jefferies | David Katz | $93 | $80.65 | -50.0% | May 23, 2022 |
| Berenberg Bank | Stuart Gordon | $85 | $83.6 | -54.3% | May 16, 2022 |
| Credit Suisse | Benjamin Chalken | $84 | $81.41 | -54.8% | May 12, 2022 |
| Deutsche Bank | Carlo Santarelli | $94 | $84.84 | -49.5% | May 11, 2022 |
| Morgan Stanley | Analyst unavailable | $97 | $94.01 | -47.8% | May 2, 2022 |
| Wells Fargo | Dori Kesten | $111 | $98.97 | -40.3% | Feb 26, 2022 |
| Jefferies | David Katz | $99 | $89.65 | -46.8% | Jan 30, 2022 |
| Macquarie | Chad Beynon | $110 | $87.01 | -40.8% | Jan 23, 2022 |
| Evercore ISI | Richard Hightower | $100 | $89.85 | -46.2% | Jan 18, 2022 |
| Bank of America Securities | Shaun Kelley | $110 | $95.01 | -40.8% | Jan 10, 2022 |
| Cowen & Co. | Kevin Kopelman | $95 | $95.7 | -48.9% | Dec 27, 2021 |
| Bernstein | Richard Clarke | $105 | $82.63 | -43.5% | Dec 13, 2021 |
| Loop Capital Markets | Daniel Adam | $94 | $83.3 | -49.5% | Dec 2, 2021 |
| Goldman Sachs | Stephen Grambling | $105 | $82.63 | -43.5% | Jun 17, 2021 |
Track every rating change on H the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHyatt Hotels Corporation functions as an international hospitality firm, managing a diverse portfolio of properties across the United States and numerous global markets. Its operational structure encompasses Owned and Leased Hotels, along with regional management and franchising divisions for the Americas, Asia-Pacific (ASPAC), and Europe, Africa, Middle East, and Southwest Asia (EAME/SW Asia), complemented by the Apple Leisure Group. The company actively manages, franchises, licenses, owns, and leases an extensive array of accommodations, ranging from full-service and select-service hotels to resorts, timeshares, fractional ownerships, residential, vacation, and condominium units.…
Historical context
All H earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MAR Marriott International, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +4.4% | Marriott lifts 2026 RevPAR outlook after Q3 growth |
| MGA Magna International Inc. | FY2026 Q3 · Calendar Q4 2026 | +15.8% | -1.4% | Magna expands margins as China production weighs on sales outlook |
| LTH Life Time Group Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +25.9% | +5.1% | Life Time Group Raises Guidance as Growth Broadens |
| SBUX Starbucks Corporation | FY2026 Q4 · Calendar Q4 2026 | +11.3% | -1.7% | Starbucks posts resilient comps and sets FY27 margin targets |
Latest beats and misses
Who reports nextBeat on EPS
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- SNYFY2026 Q3 · October 30, 2026+30.8% EPS+2.8% move
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the H recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T23:50:44.348143+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T23:50:44.345220+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.