Hyatt Hotels Corp (NYSE:H)
$ 150.47 1.24 (0.83%) Market Cap: 15.22 Bil Enterprise Value: 17.65 Bil PE Ratio: 23.36 PB Ratio: 4.16 GF Score: 81/100
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Hyatt Hotels Corp at Morgan Stanley Travel & Leisure Conference Transcript

Jun 06, 2023 / 01:10PM GMT
Release Date Price: $117.33 (+2.54%)
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.

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