Hyatt Hotels Cuts FY Guidance Due to Hurricane Damage in Jamaica

Dow Jones2025-12-31

By Kelly Cloonan

Hyatt Hotels lowered its full-year outlook due to cancellations and damage caused by Hurricane Melissa at its properties in Jamaica.

The hotel operator now expects adjusted earnings before interest, taxes, depreciation and amortization to be toward the low end of its prior range of $1.09 billion to $1.11 billion, according to a filing with the Securities and Exchange Commission on Tuesday. The outlook excludes the impact of its acquisition of Playa Hotels and Resorts as well as the sale of the brand's real estate portfolio, which closed Tuesday.

The updated forecast is due primarily to weaker performance in Hyatt's distribution segment from cancellations in Jamaica, the company said.

Hyatt also lowered its full-year adjusted Ebitda forecast for Playa by $10 million at the mid-point of its previous outlook of $70 million to $85 million, citing damage related to the hurricane.

Hyatt expects seven of its properties in Jamaica will remain closed until the fourth quarter of 2026 due to damage from the hurricane, the company said in a statement.

Hurricane Melissa hit Jamaica in October as one of the most powerful Atlantic storms on record, bringing heavy rains and flash flooding, downing power lines and cutting off the internet.

All guests and employees at Hyatt's properties were safely evacuated, the company said. The company provided financial assistance to employees in Jamaica to help with property damage.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 30, 2025 17:34 ET (22:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The outlook excludes the impact of its acquisition of Playa Hotels and Resorts as well as the sale of the brand's real estate portfolio, which closed Tuesday. \n\n\n  The updated forecast is due primarily to weaker performance in Hyatt's distribution segment from cancellations in Jamaica, the company said. \n\n\n  Hyatt also lowered its full-year adjusted Ebitda forecast for Playa by $10 million at the mid-point of its previous outlook of $70 million to $85 million, citing damage related to the hurricane. \n\n\n  Hyatt expects seven of its properties in Jamaica will remain closed until the fourth quarter of 2026 due to damage from the hurricane, the company said in a statement. \n\n\n  Hurricane Melissa hit Jamaica in October as one of the most powerful Atlantic storms on record, bringing heavy rains and flash flooding, downing power lines and cutting off the internet. \n\n\n  All guests and employees at Hyatt's properties were safely evacuated, the company said. 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