Hyatt Raises Outlook, but Its All-Inclusives Lag

Hyatt raised its full-year RevPAR forecast to growth of 5% to 5.5% in 2026, up from the 3.5% to 4.5% range it provided in July. The revised outlook exceeds the 4.7% average Wall Street analyst forecast.

U.S. RevPAR climbed 8.2% in the third quarter, with roughly 50 basis points of that lift attributed to the FIFA World Cup. CEO Mark Hoplamazian credited the performance to the resilience of premium travelers, calling luxury leisure "the juggernaut of growth" for the company.

Adjusted EBITDA rose 19% to $295 million, after adjusting for hotels sold last year.

Hyatt's portfolio relies heavily on affluent vacationers. The company offers all-inclusive resorts through brands like Impression Isla Mujeres by Secrets. The company's fortunes depend on discretionary spending by wealthy travelers, which could face headwinds if market conditions shift.