Jun 06, 2023 / 01:10PM GMT
Stephen White Grambling - Morgan Stanley, Research Division - Equity Analyst
I think we're just going to jump right in. Our next presenter is from Hyatt, where he leads a global hospitality company consisting of over 1,200 hotels -- 1,280 last count, 300,000 rooms. I'm rounding, 75-ish countries. Now the leader in luxury lifestyle space, you had the acquisition -- a number of acquisitions that helped get you there. And the company is on the path moving asset-light by shedding owned real estate and continuing to grow its brands.
Recently, at your Investor Day, you outlined $750 million of free cash flow. I think that last time I checked your market cap was about $11.5 billion. So that's a healthy free cash flow yield, still growing rapidly with over 80% asset-light earnings by 2025. We're excited to discuss more about this asset-light transformation with Mark Hoplamazian, President and CEO of Hyatt. Thank you, Mark.
Mark Samuel Hoplamazian - Hyatt Hotels Corporation - President, CEO & Director
Thank you. Thanks for having me.
Hyatt Hotels Corp at Morgan Stanley Travel & Leisure Conference Transcript
Feb 10, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers