Hyatt Hotels has reported that revenue per available room (RevPAR) grew during the third quarter (Q3) of 2025, primarily due to the performance of its luxury properties.
RevPAR for leisure transient segments showed the highest increase among the company’s various business segments.
The company stated that group RevPAR growth was reduced by approximately 100 basis points because the Rosh Hashanah holiday took place during the quarter, while last year it fell in Q4.
Net package RevPAR was up 7.6% for Q3 year-over-year (YoY). The increase reflected continued strength in demand for luxury all-inclusive travel.
However, the company recorded a net loss attributable to Hyatt Hotels of $49m for the quarter, with adjusted net loss recorded at $29m.
The group’s diluted loss per share stood at $0.51 for the period and adjusted diluted loss per share was $0.30.
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) totalled $291m in Q3, representing a 5.6% increase compared to the prior year, or 10.1% growth when accounting for asset sales in 2024.
Net rooms grew by 12.1%, or by 7.0% when excluding acquisitions, and Hyatt’s contract pipeline expanded to approximately 141,000 rooms as of quarter-end, up 4.4% YoY.
Owned and leased segment adjusted EBITDA was up 7% after adjustment for asset sales and Playa Hotels acquisition influences, despite a 40 basis-point decrease in comparable owned and leased margins.
Distribution segment adjusted EBITDA declined YoY due to reduced booking volumes and the absence of one-off benefits from ALG Vacations travel credits recorded last year.
Following the end of Q3, Hyatt announced an expanded agreement with Chase that enhances rewards for World of Hyatt cardmembers staying at properties across its portfolio.
The company projects that related credit card programme economics will more than double their contribution to adjusted EBITDA between 2025 and 2027, with ongoing growth anticipated.
Hyatt president and chief executive officer Mark Hoplamazian said: “Our third quarter results reflect the strength of our core fee business and our disciplined approach to cost management. As we continue our evolution to a brand-led organisation, we are focused on elevating guest experiences, deepening customer loyalty through World of Hyatt, and expanding into high-growth segments and geographies.”
In addition, Hyatt shared updates on the Playa real estate transaction and the acquisition of 15 properties from Playa Hotels. It expects to complete the sale of 14 properties under the transaction by the end of this year.
Proceeds from this sale will be used to pay down amounts owed under a $1.7bn delayed draw term loan, which was obtained in part to fund the acquisition of Playa Hotels.
Alongside this sale, the company plans to enter 50-year management agreements for 13 of these properties. One property will be managed under a different agreement.
On 18 September 2025, one property in Playa del Carmen was sold to a separate third-party buyer for $22m. The funds from this transaction were applied towards repayment of the delayed draw term loan.
For the full year ending December 2025, Hyatt forecasts comparable system-wide hotels RevPAR growth between 2% and 2.5%.
Net rooms growth excluding acquisitions is expected between 6.3% and 7%.
Hoplamazian added: “Looking into the fourth quarter and beyond, we believe our high-end customer base, robust pipeline with significant white space for growth, and rapidly expanding loyalty programme position us to drive sustained growth and create long-term value for our shareholders.”
