Hyatt Hotels Corporation (NYSE: H) shares are trading higher on Thursday after reporting second-quarter adjusted earnings per share of 68 cents, beating the analyst consensus estimate of 65 cents, with quarterly sales of $1.81 billion.

Comparable system-wide hotel revenue per available room (RevPAR) increased 1.6% compared to the second quarter of 2024, with net rooms growing 11.8% year over year.

Adjusted EBITDA totaled $303 million in the second quarter, down 1.1% year over year but up 9.0% on a pro forma basis, with the pipeline of executed management and franchise contracts reaching about 140,000 rooms.

Luxury chain scales drove RevPAR growth in the second quarter, while select service hotels in the United States saw RevPAR decline compared to the same quarter in 2024.

During the second quarter, the company opened 8,920 rooms, including approximately 2,600 rooms acquired through the Playa Hotels acquisition, with total debt standing at $6.0 billion as of June 30.

The company declared a cash dividend of 15 cents per share for the third quarter of 2025, payable on September 10, projecting comparable system-wide hotel RevPAR growth of 1% to 3% versus fiscal 2024.

Read more at Yahoo Finance: What’s Going On With Hyatt Hotels Stock Thursday?