I'd Good our begin strategy our and comments to and the saying you, model call. by results continue welcome to business like the our morning, earnings execution into pleased drive future. XXXX of to Thank my demonstrate to and of the we're strength Brad. today everyone see third quarter that
focus creating with has yielded fueled high drive those efficiency results have levels and of to have our . both Our periods growth consistent volatility. time capabilities disciplined The and fee on excellence us operating rooms value brands focus strength and to our integrating strategy foundational over and of execution of strong net ability for on through and been our and growth
We our of are for full properties shift US, two place our Performance primarily in internal US channels. for as our percentage Hong continue couple to earnings. spend update like increase areas our through the results mix reported year business a service capital But of execute in select proportion course our distribution quarter higher has the of to Joan over Kong. do in first the a provide this our RevPAR hotels of and full-year time towards we our and for driven contracted covering we year-over-year disruptions high channel guidance revPAR as the strategy I'd revPAR the our for our will on year experienced details service guidance. and our select by on in QX results factors. of fee we a reduction little the based we've the an hotels quarter. the this in primarily the Flat and
system-wide revPAR driven results. select are While hotels, a from has performance revPAR full-service our negative service impact on fees substantially had meaningfully our a reported
last hotels we in during programming changes year. our their do of anticipated, we in longer taking results Although after the Place looking quarter made is lap than ahead we Hyatt improvement expect the fourth recovery
to mix, a changes increased in Hyatt channel the Hyatt we to of higher and World and term. the of our owners by As benefit direct And penetration costs. decreased seeing way were Hyatt over end, programming our distribution long designed hotel of Place members that hotels role are reminder, results
on XXXX core focused these see globally remain maximizing brand represented. further to We area the globally this is the significant Hyatt in potential There in yet approximately or Hyatt expect where Place footprint growth business we the to XXX Place underrepresented of and XX% brands our growth hotels exceptional of not to continue remains hotels. and over expand number in alone
disruption we results major our second Hong Kong. revPAR The celebrating to in month, the presence Kong. XXth reported ongoing in our on of Hong the is are the contributor This we downward pressure anniversary
especially Over our operating history. the operations. reputation, in past beverage there different our operated types through challenges we've strengthening position brand over And strong a food our time throughout and established we've of very relative XX many years,
in the in for XX% results revPAR revPAR conditions October Our worsened third were over Hong down the month. and down Kong have quarter about with XX%, in
If for the China we Taiwan, our demand focus you look and challenges, see of in full-service face points. We of our or with the brands approximately The to during share is us it resilient for points China and up XXX a without times in was in Hong the quarter. take half Macau strengthen market we have for Kong, to opportunity occupancy hotel how through at Greater our hotels basis quarter point approximately about up key advantage results manage a of Greater up recent in basis our disruption how revPAR was full-service the every XXX position.
about Kong dissipate, when continue in the the great While China confidence have disruption or excited to concerns we long-term Greater Hong there in prospects our we and end are may will as uncertainty the trade plans there. when is to growth in
signings in seen and Greater our interest pullback China remains new We've and strong. in no from pipeline pace of developers
year. signings year-to-date excess and hotels already a our full of of XXXX signings, open we fact, in number year In are will record this
approximately operating all-time high market the quarter, share most markets. the XXX quarter, in system-wide increases and up on again, Once group share market across at and basis to we above In picture. globe. like points the Now comment we drove for or transient occupancy I'd are the third
share Our amount. global select similar was increased full-service share service while XXX approximately points, basis down market a
hotels full-service competition. over well three-quarters versus the fees they perform our drive to total and of continue Our
transient we've the the the As modest increase year. have Group XXXX XXXX the and in was room a have and continued up the for group more over remained approximately secured transient performance is US, our an hold rooms corporate up levels with X% X%. was to our the pace group X% and over well cancellations throughout levels in was in revenue US production rooms the and with flat Corporate down than at same near-term seen group group up revenue the for revenue dynamic business business. soft books. group bookings bit quarter of on more Total we XX% significantly, roughly
as basis US transient with the essentially is the driving for Association As remained have US flat to business. declines room the year. full-service in up economy Leisure and more The particular the we've the year-to-date than revenue Increases fundamentals before last of relatively room stable. all seen roommates up have offset it's been rates increase transient X% quarter in X% mentioned in of we Group from have nights about about have on
transient always, visibility periods our is to for limited. future As demand
I SG&A. also want to briefly comment on
allocating approach business costs, includes a our growth to still a to managing environment our lower core Our commitment in SG&A our while maximizing disciplined support resources strategy. to growth
we've leverage around are markets growing launch growth elsewhere earnings. some the brands we making key to our to new also in world, brands presence and and industry-leading the our managed global freeing spending keep essentially rose flat grow drive capacity We and with have total to reduced costs of are and up and investments, in net these our investments fund support
I'd billion few over additional Joan, to you I'll like turning incremental items. update with down a our asset things sell $X.X sales to Before start under on commitment.
the approximately filed X-K Regency multiple Form investing was of the the the benefited property this EBITDA. asset during a has $XXX September follows sale the our Hyatt commitment brings to multiple a million. on and significant this as $XXX to is during strong and discussed first as committed sale for the performance completed with quarter. of in from strong a the disclosed Superbowl sale. This and sell asset we delivered our $X.X capital normalized approximately XXx Francisco hotel a call, million sales XXth, for million of of The very buyer Pricing under total blended our Atlanta $XXX year we hotel part As quarter adjusted in San down XXx for second at asset approximately sale billion of
other conditions. have market, the on have sale purchase contract that the As the a to process has advanced been and subject to closing hotel signed we
an year. personalize the are to ups. contributions. guest room Year-to-date Hyatt enrollments last the high over update of and it's enrollments to part the up penetration level digital by nights, fourth room strength Hyatt to expect a this on sale representing We an and in our year as slightly above the provided XX%, quarter Each sign of property basis program Global World points driven also this up quarter be close XX% is to strategy World I growth year of and XXX of for continue light all-time of program of key a total experience. the on
alliance hotels offerings now Our of participating our program. small as our expanding increasing XXX momentum adding of for membership travelers. have we significantly our in value and add to with leisure SLH strategic continue additional and We are to the luxury the part properties alliances over hotels
since the new Advantage Hyatt with a American and of additional has hotel Airlines through of aligns Our revenue driving with World exceeded numbers coming during in significant launched second bookings. their was from quarter, members the accounts linking program members it expectations
market members to We time. of World strong that over share engagement to continue performance contributes of our Hyatt believe
Finally, create Caption a September. lifestyle lodging is connections and select concepts. fosters we and and environment beverage Hyatt by offering designed the social, both as at that brand facilitate a I'd new for introduced discuss design and connections. market that food that we Caption activated self Hyatt, a appealing like authentic briefly conference service patrons with the recently new to brand brand by combines local to guests will an destination localized The bar in café,
in this to public us and social this We than type a competitive the space non believe ability current the offerings, concept. experience driving fills only for to hotels. beverage the occasions global the with and food cater guests products. anchored not Caption establishing Danny stay traffic foot different unique food landscape to enhanced by living Hotels also gap urban as be Hospitality Group a of the and concept the for is and for those see by brand demand and will it proximity beverage The centers goal high in targeted being in Hyatt Union by Meyer's with of we designed attraction our working point for across while through Square brand of revenue but a
The margins. and lifestyle development Hotels Caption be and for Hyatt with will competitive the operating competitive model drive by operating cost other hotels service select strong will
Our Advisory positive journey been announcing involved and just in develop the the to feedback since have last this month. Council extremely exciting interest and brand significant received actively new we've officially owners brand
with ago. up summary, growing growth year proud we and year which XX% advance our our a expect Hyatt this record In hotel year, so an achieved the first we've far I'm happy ability of and time this a while of the during year, rooms I'm from openings specifically currently performance is property pipeline uncertain to as
the Hospitality future We result. set of course and have Roads now been we over up in are integrating this the year, enhanced for as a properties growth Two
performance, the in a operating SG&A. and maintained market continue operating discipline maintained the we've margins hotel at rigorous environment to Second, managing We've challenging across we share globe. and grow
costs XXXX. for We year reduction efforts integration at next year consistent SG&A completed the all Roads we also with have from this Two the will in related of time will $XX one integration million by benefit our to end expectations costs a and in substantially incurred
our well all as capital creation this close fulfill date all position initiative. we doing well we strategy, shareholders of company areas to for and our we've exactly expect our million to our levels the us the short, of $XXX our long-term growth more to at what transaction year. least In This support under commitments will strategy all are to executed to and this strategy, us least Executing very do. shareholders. one we in value to at return and on would allow disposition evaluation Finally, year, will that said
With call the over to Joan. that, I will turn now
