Tearsheet

Hyatt Hotels (H)


Market Price (10/9/2025): $145.14 | Market Cap: $13.9 Bil
Sector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Hyatt Hotels (H)


Market Price (10/9/2025): $145.14
Market Cap: $13.9 Bil
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines

Investment Highlights

0 Low stock price volatility
Vol 12M is 36%
Weak multi-year price returns
2Y Excs Rtn is -18%, 3Y Excs Rtn is -5.6%
Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 46x
0 Low stock price volatility
Vol 12M is 36%
1 Weak multi-year price returns
2Y Excs Rtn is -18%, 3Y Excs Rtn is -5.6%
2 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 46x

Market Valuation & Key Metrics

H Stock


Price Returns Compared

 202020212022202320242025Total [1]
Returns
H Return-17%29%-6%45%21%-7%66%
Peers Return8%12%-17%37%8%-12%32%
S&P 500 Return16%27%-19%24%23%15%108%

Monthly Win Rates [3]
H Win Rate42%42%42%58%50%56% 
Peers Win Rate55%55%42%57%62%56% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
H Max Drawdown-59%-12%-26%-2%-3%-34% 
Peers Max Drawdown-45%-20%-27%-5%-22%-29% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: MAR, HLT, CHH, UOKA, BKNG. See H Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/8/2025 (YTD)

Downturns Compared

Unique KeyEventHS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-33.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven49.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven211 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-60.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven154.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven645 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven32.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven357 days120 days


How Low Can It Go?

Hyatt Hotels's stock fell -33.2% during the 2022 Inflation Shock from a high on 2/16/2022. A -33.2% loss requires a 49.7% gain to breakeven.

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Asset Allocation

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About Hyatt Hotels (H)

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units. It operates its properties under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Thompson Hotels, Hyatt Centric, Joie de Vivre, Caption by Hyatt, Hyatt House, Hyatt Place, Hyatt Ziva, Hyatt Zilara, UrCove, Hyatt Residence Club, Hyatt Residences, Hyatt Resorts, Secrets Resorts & Spas, Dreams Resorts & Spas, Breathless Resorts & Spas, Zoetry Wellness & Spa Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas brands. As of December 31, 2021, the company's hotel portfolio consisted of approximately 515 hotels, comprising 171,399 rooms worldwide. It primarily serves corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fraternal organizations; travel agency and luxury organizations; and a group of individual consumers. The company also operates World of Hyatt loyalty program which rewards points that can be redeemed for hotel nights and other rewards. Hyatt Hotels Corporation was founded in 1957 and is headquartered in Chicago, Illinois.

Better Bets than Hyatt Hotels (H)

Latest Trefis Analyses

Trade Ideas

Select past trade ideas related to H and Hotels, Resorts & Cruise Lines.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-11.8%-11.8%-11.8%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-3.3%-3.3%-3.3%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-5.2%-5.2%-5.2%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-2.6%-2.6%-2.6%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-6.2%-6.2%-6.2%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-11.8%-11.8%-11.8%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-3.3%-3.3%-3.3%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-5.2%-5.2%-5.2%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-2.6%-2.6%-2.6%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-6.2%-6.2%-6.2%

See Trefis Trade Ideas for more.

Recent Active Movers

Recent Active Movers

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Peer Comparisons for Hyatt Hotels

Financials

HMARHLTCHHUOKABKNGMedian
NameHyatt Ho.Marriott.Hilton W.Choice H.MDJM Booking  
Mkt Price145.08267.98260.06101.703.135,131.23202.57
Mkt Cap13.973.561.64.7-166.761.6
Rev LTM6,75725,69111,4821,577-25,02511,482
Op Inc LTM4393,9502,428476-8,2202,428
FCF LTM1321,6822,147166-9,2401,682
FCF 3Y Avg4202,2731,876185-7,7311,876
CFO LTM3002,4882,356322-9,5782,356
CFO 3Y Avg6032,8412,074313-8,1092,074

Growth & Margins

HMARHLTCHHUOKABKNGMedian
NameHyatt Ho.Marriott.Hilton W.Choice H.MDJM Booking  
Rev Chg LTM0.9%5.1%6.3%1.7%-11.7%5.1%
Rev Chg 3Y Avg14.2%13.2%15.4%9.1%-19.9%14.2%
Rev Chg Q6.2%4.7%6.3%-2.0%-16.0%6.2%
QoQ Delta Rev Chg LTM1.6%1.2%1.6%-0.5%-3.9%1.6%
Op Mgn LTM6.5%15.4%21.1%30.2%-32.8%21.1%
Op Mgn 3Y Avg6.1%16.4%22.1%29.3%-30.8%22.1%
QoQ Delta Op Mgn LTM-0.8%-0.0%0.1%-0.4%-0.4%-0.0%
CFO/Rev LTM4.4%9.7%20.5%20.4%-38.3%20.4%
CFO/Rev 3Y Avg9.1%11.7%19.4%20.1%-36.3%19.4%
FCF/Rev LTM2.0%6.5%18.7%10.5%-36.9%10.5%
FCF/Rev 3Y Avg6.3%9.4%17.6%11.9%-34.6%11.9%

Valuation

HMARHLTCHHUOKABKNGMedian
NameHyatt Ho.Marriott.Hilton W.Choice H.MDJM Booking  
Mkt Cap13.973.561.64.7-166.761.6
P/S2.12.95.43.0-6.73.0
P/EBIT15.518.625.19.5-21.318.6
P/E32.129.838.815.2-34.632.1
P/CFO46.229.526.214.6-17.426.2
Total Yield3.5%4.3%2.7%6.6%-3.6%3.6%
Dividend Yield0.4%1.0%0.1%0.0%-0.7%0.4%
FCF Yield 3Y Avg3.1%3.5%3.7%3.2%-5.7%3.5%
D/E0.50.20.20.4-0.10.2
Net D/E0.40.20.20.4-0.00.2

Returns

HMARHLTCHHUOKABKNGMedian
NameHyatt Ho.Marriott.Hilton W.Choice H.MDJM Booking  
1M Rtn-0.2%-0.0%-6.4%-11.1%12.6%-7.9%-3.3%
3M Rtn-1.3%-3.8%-4.5%-22.4%20.4%-9.3%-4.1%
6M Rtn22.0%15.4%19.1%-20.7%-18.2%11.5%13.5%
12M Rtn-4.4%5.5%11.3%-21.2%-80.9%22.1%0.5%
3Y Rtn77.2%95.2%116.3%-8.4%-92.4%208.9%86.2%
1M Excs Rtn-3.1%-2.2%-9.1%-14.2%19.0%-11.6%-6.1%
3M Excs Rtn-12.1%-12.4%-13.8%-31.8%15.2%-17.7%-13.1%
6M Excs Rtn3.9%-8.0%-6.2%-48.6%-61.2%-11.9%-9.9%
12M Excs Rtn-22.6%-11.2%-5.9%-39.8%-98.4%6.0%-16.9%
3Y Excs Rtn-5.6%12.6%32.0%-90.5%-176.7%126.4%3.5%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Management and franchising4,1543,591   
Owned and leased1,3681,2638555251,883
Distribution1,2361,123   
Eliminations-91-86-47-27-110
ASPAC management and franchising  182134247
Americas management and franchising  1,7521,3282,781
Apple Leisure Group  166  
Corporate and other  413867
EAME management and franchising  7968152
Total6,6675,8913,0282,0665,020


Price Behavior

Short Interest

Short Interest: As Of Date9152025
Short Interest: Shares Quantity6,181,531
Short Interest: % Change Since 831202510.6%
Average Daily Volume727,214
Days-to-Cover Short Interest8.50
Basic Shares Quantity95,584,242
Short % of Basic Shares6.5%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/20252.2%6.8%6.7%
5/1/20255.3%9.9%17.3%
2/13/2025-9.1%-10.1%-24.5%
10/31/2024-7.4%-2.5%0.6%
8/6/2024-1.4%-0.3%10.3%
5/9/20243.0%0.9%-1.7%
2/15/20244.1%5.0%19.1%
11/2/2023-1.8%1.2%13.7%
...
SUMMARY STATS   
# Positive121214
# Negative121210
Median Positive2.9%6.8%12.4%
Median Negative-1.9%-3.0%-6.6%
Max Positive6.3%16.2%31.9%
Max Negative-9.1%-11.7%-55.7%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025808202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024213202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022216202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022809202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021217202210-K 12/31/2021
93020211104202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0KRONICK SUSAN D 9032025Sell141.651,500212,4755,145,436Form
1VONDRASEK MARK RSee Remarks8132025Sell140.302,337327,881982,100Form
2HOPLAMAZIAN MARK SAMUELSee Remarks8122025Sell135.3149,6006,711,37684,924,886Form
3MCMILLAN CARY D 8112025Sell137.0349868,241 Form
4Bottarini JoanSee Remarks7112025Sell150.284,078612,8422,210,008Form