Hyatt Hotels (H) Operating Expenses (2010 - 2026)
Hyatt Hotels (H) reported Operating Expenses of $1.6 billion for Q1 2026, up 0.93% on a YoY basis from $1.6 billion in Q1 2025, and down 4.12% quarter-over-quarter from $1.7 billion in Q4 2025.
Hyatt Hotels (H) Operating Expenses (2010 - 2026) Analysis & Trends
Hyatt Hotels has reported Operating Expenses for 17 years, with the latest figure at $1.6 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 0.93% year-over-year to $1.6 billion; the trailing twelve-month figure through Mar 2026 stood at $6.8 billion (up 8.9% YoY), and the FY2025 full-year result was $6.8 billion, up 7.63% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.6 billion, down from $1.7 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.8 billion in Q2 2025, with the low at $1.3 billion in Q1 2022.
- Historically, Operating Expenses has averaged $1.6 billion across 5 years, with a median of $1.6 billion in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 111.97% — and 2024, when it declined 7.7%.
- Hyatt Hotels' Operating Expenses stood at $1.5 billion in 2022, then climbed by 7.57% to $1.6 billion in 2023, then declined by 7.7% to $1.5 billion in 2024, then increased by 11.7% to $1.7 billion in 2025, then declined by 4.12% to $1.6 billion in 2026.
- The last three Operating Expenses figures came in at $1.6 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 106.28 Bn | 105.82 Bn | 6.38 Bn | 5.59 Bn |
| 2 | Hilton Worldwide Holdings | 80.50 Bn | 79.97 Bn | - | 2.26 Bn |
| 3 | Intercontinental Hotels | 26.35 Bn | 25.21 Bn | - | - |
| 4 | Hyatt Hotels | 18.67 Bn | 18.32 Bn | 1.75 Bn | 1.63 Bn |
| 5 | Wyndham Hotels & Resorts | 6.42 Bn | 6.34 Bn | 302.00 Mn | 213.00 Mn |
| 6 | Choice Hotels International | 5.30 Bn | 5.26 Bn | 316.92 Mn | 280.54 Mn |
| 7 | Atour Lifestyle Holdings | 2.06 Bn | -359.74 Bn | 241.80 Mn | -324.67 Mn |
| 8 | Civeo | 370.36 Mn | 353.81 Mn | 40.16 Mn | 169.54 Mn |
| 9 | GreenTree Hospitality | 5.49 Mn | -227.74 Mn | 26.57 Mn | -50.43 Mn |
| 10 | H World | 1,693.88 | -1.44 Bn | 824.36 Mn | -656.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.63 Bn |
| Dec 31, 2025 | 1.70 Bn |
| Sep 30, 2025 | 1.69 Bn |
| Jun 30, 2025 | 1.75 Bn |
| Mar 31, 2025 | 1.62 Bn |
| Dec 31, 2024 | 1.52 Bn |
| Sep 30, 2024 | 1.53 Bn |
| Jun 30, 2024 | 1.55 Bn |
| Mar 31, 2024 | 1.67 Bn |
| Dec 31, 2023 | 1.65 Bn |
| Sep 30, 2023 | 1.52 Bn |
| Jun 30, 2023 | 1.60 Bn |
| Mar 31, 2023 | 1.60 Bn |
| Dec 31, 2022 | 1.53 Bn |
| Sep 30, 2022 | 1.40 Bn |
| Jun 30, 2022 | 1.31 Bn |
| Mar 31, 2022 | 1.26 Bn |
| Dec 31, 2021 | 1.11 Bn |
| Sep 30, 2021 | 844.00 Mn |
| Jun 30, 2021 | 733.00 Mn |