Hyatt's all-inclusive resorts finished an "exceptional" 2025 with a stellar fourth quarter, said CFO Joan Bottarini during Hyatt's Q4 earnings call on Thursday.
The company reported that net package RevPAR grew 8.3% in Q4 and 8.6% for full-year 2025. Hyatt defines net package RevPAR as including revenue derived from the sale of packages at all-inclusive resorts, comprised of room, food and beverage, and entertainment revenue.
Hyatt's all-inclusive portfolio performed well in the Americas and in Europe. Looking ahead to this year's first quarter, Bottarini said its all-inclusive resorts in the Americas are off to a fast start, being up 9% so far.
Hyatt owns several all-inclusive resort brands, including Hyatt Ziva, Hyatt Zilara, Secrets, Breathless, Dreams, Zoetry, Vivid, Alua and Sunscape.
As he has done during previous quarterly earnings calls, Hyatt CEO Mark Hoplamazian credited wholesaler ALG Vacations for helping to drive the company's all-inclusive gains. ALG Vacations joined Hyatt as part of the company's acquisition of Apple Leisure Group in 2021.
"The Hyatt Inclusive Collection portfolio has outperformed the overall market every year since we've owned ALG," said Hoplamazian. "And part of the reason that's true is because of ALG Vacations' capabilities. I think that, plus Unlimited Vacation Club members, who are the most dedicated and loyal, are driving outperformance."
Luxury hotels excel again
For the quarter, Hyatt reported total revenue of $1.79 billion, an 11.7% year-over-year increase, while adjusted EBITDA grew to $292 million, up from $255 million the year prior.
Luxury brands and all-inclusive resorts drove the company's fourth-quarter performance, with Hoplamazian attributing their strength to robust leisure demand.
Leisure transient RevPAR grew 6% for the quarter, Hyatt reported, while within the company's luxury segment, leisure transient RevPAR was up 9%.
Business transient RevPAR declined 1%, partly because of softness at select-service hotels in the U.S.
For full-year 2026, Hyatt is forecasting systemwide RevPAR growth of between 1% and 3%.