Report
Dan Wasiolek
EUR 147.86 For Business Accounts Only

Hyatt is seeing strong unit and pipeline growth driven by its House and Place brands.

Although we do not award Hyatt a moat (due to 65% of its EBITDA coming from lower-ROIC owned assets), we continue to highlight that the company has brands that should resonate with travelers, as evidenced by its 11% and 6% pipeline and net room growth, respectively, that is driven by the Place (21% of total rooms) and House brands (6% of total rooms), and which offers support of our mid-single digit annual unit growth forecast over the next 10 years. That said, although Hyatt's revenue per avail...
Underlying
Hyatt Hotels Corporation Class A

Hyatt Hotels is a hospitality company engaged in the development, ownership, operation, management, franchising, licensing or provision of services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts, and other properties, including spas and fitness studios, timeshare, fractional, and other forms of residential and vacation properties. The company also manages, provides services to, or licenses its trademarks with respect to residential ownership units that are often adjacent to a Hyatt-branded hotel. Additionally, for condominium ownership units, the company provides services and/or manage the rental programs or homeowner associations associated with such units.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Wasiolek

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