Hyatt Hotels Corporation (H) saw its stock plunge around 5% in pre-market trading on Thursday, following the release of disappointing fourth quarter 2024 financial results that missed market expectations.
The hotel operator reported adjusted earnings per share of $0.42 for Q4, significantly trailing the consensus estimate of $0.75 from analysts polled by FactSet. Revenue for the quarter came in at $1.6 billion, down 3.5% year-over-year and also below the expected $1.66 billion.
Hyatt cited strong business and leisure travel demand during the quarter, but said group demand was impacted by the shift in timing of Jewish holidays and the U.S. election in November. The company's comparable system-wide revenue per available room (RevPAR) grew 5% year-over-year. Looking ahead, Hyatt provided full-year 2025 guidance that fell short of analyst projections.
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