has strong positioned years. our net exposure a Good include: the transformed positioned and positive in morning years and, other leased believe, higher well to rooms The fourth, our earnings the hotel model second, our for to industry-leading Hyatt thank come. outperform the over and fifth, five us performance; today. we company. companies concentration attributes been time In Hyatt's transformation quarter derived operating differentiated business; joining of power the earnings growth to owned that on the our Americas; first; stronger multi-brand This Noah. majority you uniquely from results, in of same period, revenues over travel; fundamentally high-end group and you, we relatively is the leisure Thank and leverage, second third, finally, past morning our especially demonstrating to define reported everyone XXXX focus further traveler; a into
results demand. and Our recovery our results in define by and record I net group reflect a of by the We along recovering all We levels a to strongest deferrals the finance I'm had RevPAR the the as demand, transient strong just second record Greater expectations. lines, quarter, rapidly leisure adjusted second level entirely quarter across the in pleased plus quarter quarter EBITDA, that exceeded derived superior attributes system-wide company's significant excluding mentioned exceeded second contracts, net anticipated with that margin, in our Comparable measured from performance positioning. driven business our a of a XXXX history business and by China. when report
by the managed ALG a ALG record properties and ahead net Adjusted by our XXXX legacy transactions. after all-inclusive RevPAR addition in currency Americas for levels In was of the net also XX%. new set and impact adjusting for of EBITDA package Hyatt
Looking a outlook optimistic ahead, number reasons. remains of our for
still Momentum data of quarter, the in customers along second state business results continues levels is entirely provides with our normalize strong transient to gap are points lower Demand recover with were recovery. it group fully driven more while conversations months in these XXXX and system-wide achieved booking ahead. will business of two occupancy by confidence group a and in yet build that levels demand. areas to a than with First, still down in forward X,XXX and notable, quarter the has second more transient basis occupancy to
nonresidential such in has economic exists three as when on expansion economic only of to comparing our and the and in Traditional encouraged States highlight broader have spend pre-pandemic years. in past wallet. fixed system-wide just while the or gap expanded we Second, it's mid-teens only while with over are drivers growth the XXXX July. spend the June, RevPAR recovery investments basis the occurred surpassed significant range that measures. business, thus to by far, important consumer our the RevPAR its And discretionary recovery levels United lags still while a broader significantly the travel further higher, in share The regain RevPAR percentage of RevPAR that recovery
Xrioritizing We and expect resume narrow consumers more spending travel to as gap fully. the services businesses pivot on
organic adjusted driver has evidence Fourth, of be of variable rooms broader Asia with nearly of income XXXX, Third, behavior, million as value of potential higher of reflected of our in base when the high-end the fully in up comparable up in quarter our macroeconomic Pacific regions, by yet strong customers EBITDA has especially periods Indian the conditions. results. openings we prioritize brands, forward and a region to second grown segment system-wide RevPAR continues second to groups through differentiator chain during XXXX, we net industry Since the travel. XX,XXX over When level Hyatt, industry-leading million during of to financial is Even and Americas quarter July scale compared XXXX. XX%. luxury our were at Pacific. of bookings, second XX% uncertainty. the accelerated with Asia other Asia The of remain in variety contributed clear to maintaining the in as the quarter concentration, for compared in the and in has growth This we higher-end in And customer start the data XXXX, Southwest only is consistent and macroeconomic monitor macroeconomic sentiment in respectively. or indicate XX% compared XX% our resilience for and $X believe from will lease looking to come resilient the to growth, This the pressures. consumer our consumer surveys, face $XX growth with
months and and from the the seeing in quarters tailwind are Asia continues region, Pacific in to as momentum to a fees ahead. We recover RevPAR expect it as serve
record of number digital full of of program half is progress, room The overall of Hyatt in loyalty XX% driving nearly our World engine, demonstration improving a over and source members Americas direct the members nearly directly properties Hyatt Hyatt strength. over period bookings, a the significantly, performance same level of accounting XX% years, which great second XXXX. is grown for through channels, by channels. especially World our and our a in World revenue with Lastly, of The has of reaching tremendous our nights service three of Hyatt is quarter, services past of through booked both the commercial
us now organization, with proportion hotel expanded great Our coming of brands are from believe an than future. before business of strong key the We more to through resonating better in market as forward, may our Hyatt's business. and costs owners. results looking face lower to a we results earnings and deliver we to the agile XXXX accelerating ever attributes adapt We're customers we're delivering distribution evolving and factors share for in with fee-based our continue, macro positions
let's the into the dive Now, trends deeper latest bit a quarter. from
net prior customer resorts high-end the base XXXX. with places, the record first of to at XX% its great for programming value performance. it's significantly this these RevPAR alternatives, business. results through that down in as package X% had properties achieved impact the exceeded strong accessing contributed the ALG. significant once XXXX signings vacation from managed ALG XXXX, quarter. a vacation Further, surpassed again in XXXX, a revenue another a number XXXX Americas, acknowledging, when our on segment in such contract Net The the months and ALG with both has year while destinations The also First, ALG's worth results our quarter European compared club XX% first recovery, XXXX significantly strong cruise when positive and already to package more and periods. economic new, To testament ALG of a unlimited for full the RevPAR expectations additional to travel than starting terrific non-package six environment by provide improving experiences the up property. quarter, well, relative as compelling in availability had second and on were had strong a lines increase on distribution in to quarter And context,
participating typically Turning at the of by World of earn redeem members to It we new we're spend at when is in World Hyatt the We're but Americas. is the that integration a our of guests and efforts. resort over see, from materially properties, what could level ALG We've very far. nonmembers. points properties early, rate progress date, World also so thrilled with enrollment X of Hyatt opened members, resort encouraged marked of outpacing still official May ALG the XX,XXX Hyatt higher which Hyatt of than with properties. newly is start significantly to enrolled
by complete We properties of Hyatt our expect the updates provide the the and of there. European be World we'll year with of to end ALG's progress of integration
the with comparable latest Hyatt improving first levels in expectations business. our system-wide The only trends the XXXX quarter. exceeded pace X% down XX% quarter RevPAR legacy in in from to recovery down to second the to Turning also of
hotels recover Excluding restrictions of second continued quarter, released. has that demonstrating parts ahead the the have in XXXX the RevPAR of in for perspective, many now demand geographic Greater China, RevPAR globally, system-wide finished From broadening to our travel world. a
have July prior. steadily with luxury XXXX ease-of-travel RevPAR restrictions of in encouraged rate improvement XXXX the accelerated actualized Looking strength by overall quarter experienced key region particularly the to with of XXXX. in only which recovery doubled up growth in down down XX% stronger levels, given a being at leisure of from XXXX the in region China, Americas, to continued than XX% second increase particularly April our comparable attributed from versus America a which in a quarter quarter. very that the a China, XXXX From transient transient and only locations in rooms The as period in for by region at lockdowns see transient quarter the finishing can the XX%. with is resurgence XX% consistent second Southwest certain an in rooms in RevPAR versus to down in July, in in luxury up of on the quarter recovery XXXX XX% just XX% region be Pacific ahead rapid to the saw shown with Pacific X% our to to Asia the the driven Asia due record the XXXX which RevPAR month-to-month during by leisure, improvement five difficulties less to room the in of to quarter. confident Despite perspective, a contribution contribution we the brands, XX% We're down driven total contributing path the RevPAR rates. to in improvement in markets. XXXX compared years. improved events segmentation down Greater meaningful being in down was X% X% urban June. notably strong second was RevPAR Cross-border all down improved driven urban in XX% in XX% quarter, XX% of progressed, X% XX% in in growth to large Meanwhile travel business airlines. system-wide with XXXX. Greater of June two in Many group of Asia another of RevPAR Asia, and revenue This by and has with Greater same only strength remained down months was driven travelers travel levels, and depressed EV second XX% the rapidly throughout growth North the when remain and significant in number we momentum down of July compared XX% improved demand. revenue versus solid the improvements In to XXXX was the past in a the China, revenue, In as Pacific's over States, United from recovery with system We down the contributing was markets basis business quarter
the meaningful notable second broadened as with month-to-month Group quarter quarter to While strength, April XXXX fully cities only down first from in building showed the X% improvement urban on room to resorts in reopened only continue in the with the finishing across markets in momentum more recovery from XX% down down globe. leisure strong growth to the results, experience steady revenue June. XX%
for for demand continuing gross above to with corporations for quarter booking occur see our in this result significant second group group is levels year activity continue the This booking the behavior. that was up from second case unprecedented group but an managed deficit XXXX pace to quarter It bookings will at full primarily acceleration in quarter. XX% as deficit, strong service this the We a with we properties. We progress in stays narrowed trend that XX% XX% as a level actualized entered short-term our of group with XXXX. Americas only through XXXX demand short-term of down short-term July
for York recovered with very City, in of is recovery up recovered encouraged company second business XX% XX We from other The System-wide the to X% broaden. As restrictions. in to typically than April, down and within XX%. by more encouraging, June momentum, XX% the showing have only June. New relaxing large as such improving to first down our down business strength our And quarter cities we're by performance customers to by XX% continues national XX%. recovered XXXX cities XXXX to major top in travel the driven gateway accounts in demand transient certain with the experienced in transient recovery as quarter XX% encouraging was improved
As more eased return more strengthen the continue fully office, to restrictions ahead. We are to months in transient travel cross-border business anticipate and employees to resumes.
Turning we opened to rooms Secrets to our half over rooms the growth, system. the were during strong additions as included X,XXX the rooms such opened Playa we Moxché expansion. quarter Maldives del quarter second approximately outside Carmen. net Avila resorts had and Over of X,XXX to contributing of We net a of portfolio the and the incredible rooms,
the Additionally Hyatt by opened our Beale Caption we Memphis. in Street first on same
We have look are lifestyle to many are the brand more We in. and innovative thrilled service to open about operate this come. and excited forward one first select to to we
period since in our the the quarter. points, The total approximately is reported XX rooms our ALG during XX-month start It's rooms, year represents was net XX% basis XX% growth an the which of fee-based notable increase growth growth the the already we of target growth well achieved second to heavily accelerated Our the trailing for that XX%, XX.X% driven of over compared of business rooms ALG net in as quarter first by growth which resorts. the year. full is the anticipated has of ahead net
legacy over by China the in has X.X% activity Greater level as room net portfolio the the openings impacting lower XX-month for As period, to slowed due rate is a opening Hyatt part trailing of of growth construction. lockdowns in
under the year have exciting and half openings back scheduled we compelling However, conversion hotel opportunities over the of negotiation.
X%. to growth we year net result, for expect full a As rooms, the be than greater
sought-after a know Hotel presence where underrepresented. we location years hotel the $XXX active acquired Moving from and Regency XX to We million, over XXX-room announce was disclosed, also first Irvine of purchased are a hotels in the brand very securing as owned Hyatt system August are resulted had real we Irvine, that previously highly as the for we've for year with for two estate exiting half well, are We're pleased which our a several gross We're the very hotel years, transactions, in million. marketing Irvine we proceeds California, making. previously in pleased Xrd, $XXX our sale asset before sales the to it on ago. of progress we currently
and across planet, which of Hyatt our Disclosures made ESG advancing Inclusion As look how owner in reporting released one, the our we recently asset. third-party value identify Diversity, responsible to this Care, business. through confident Equity we unlock long-term I'm renovating remain people global highly of opportunities a unique and our the and progress share, repositioning be to hotel, is our care that in when strategic of the all at past, shared we demonstrated proud announced while like platform to from buyer initiative, a World to the seeking ability and
platform XXXX, like Communications. Care Year Radian proud named was the I'd share are ESG World Program of by that ESG specific key We few to a highlights. our of
First, Science Hyatt's our significant gas Targets Science greenhouse Based reflecting emissions. Based in making the Targets on initiative, were approved reductions by focus
our leadership Second, to people have workforce. I'm positions women, representation that color increased several including share in proud across we and groups across of
like ESG members Lastly to the progress, who XXXX. advancing our vendor this and to our you. I'll look participate and in day additional with XXX now the World Hyatt details Hyatt Joan and Care results. very welcomes towards life passion. of of and Black we morning new as we creativity over optimism into turn of our our over solutions that to remainder to to suppliers the it chain, forward we're this this I share strong that, of challenges improving owned representation a would year conclude on to our toward to thank the the to every are diverse on We quarter goals. family us with our operating prepared my Joan across I'll maintain hotels remarks Americas. by to look pleased businesses supply saying as all with continuing bring results focus delivered provide