Hyatt (H) Q2 FY26 earnings call

Hyatt delivered strong Q2 FY26 results, driven by its asset-light model, premium brands, and robust fee growth, despite regional challenges in the Middle East and Mexico. The company reported strong RevPAR, record development pipeline, and increased loyalty membership, reinforcing its strategy for durable long-term fee growth and cash flow generation. Management remains confident in its full-year outlook and long-term organic growth targets, emphasizing the value of fee growth over net rooms growth.