Hyatt Hotels Corporation (NYSE:H) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET

Company Participants

Adam Rohman - IR
Mark Hoplamazian - President & CEO
Joan Bottarini - CFO

Conference Call Participants

Patrick Scholes - Truist Securities
Stephen Grambling - Morgan Stanley
Joe Greff - JPMorgan
Chad Beynon - Macquarie
Richard Clarke - Bernstein
Duane Pfennigwerth - Evercore ISI
Connor Cunningham - Melius Research
Smedes Rose - Citi

Operator

Good morning, and welcome to the Hyatt Third Quarter 2023 Earnings Call. All participants are in a listen-only mode. After the speakers' remarks, we will have a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Adam Rohman, Senior Vice President of Investor Relations and FP&A. Thank you. Please go ahead.

Adam Rohman

Thank you and welcome to Hyatt's third quarter 2023 earnings conference call. Joining me on today's call are Mark Hoplamazian, Hyatt's President and Chief Executive Officer; and Joan Bottarini, Hyatt's Chief Financial Officer.

Before we start, I would like to remind everyone that our comments today will include forward-looking statement under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other SEC filings. These risks could cause our actual results to differ materially from those expressed in or implied by our comments.

Forward-looking statement in the earnings release that we issued today, along with the comments on this call are made only as of today and will not be updated as actual events unfold. In addition, you can find a reconciliation of non-GAAP financial measures referred to in today's remarks on our website at hyatt.com under the financial reporting section of our Investor Relations link, and in this morning's earnings release. An archive of the call will be available on our website for 90 days.

Please note that unless otherwise stated, references to our occupancy, average daily rate and RevPAR reflects comparable system-wide hotels on a constant currency basis. Additionally, percentage changes disclosed during the call or on a year-over-year basis unless otherwise noted.

With that, I will turn the call over to Mark.

Mark Hoplamazian

Thanks, Adam. Good morning, everyone. And thank you for joining us. First and foremost, I'd like to take a moment to acknowledge the recent global tragedies that have deeply affected communities around the world, including the August wildfires in Maui, September earthquake in Morocco, and October hurricane in Acapulco, Mexico. We've made donations to non-profits on the ground and our Hyatt family has come together to help our impacted colleagues through our Hyatt Care Fund.