Strategic focus on Canada supports Hyatt’s
sustained growth in key leisure markets and one of the industry’s
fastest growing loyalty programs
Hyatt Hotels Corporation (“Hyatt”) (NYSE: H) is positioned to
double Hyatt’s brand footprint in Canada by the end of 2026, with
more than 20 executed managed and franchised agreements across its
distinct brands. As Hyatt continues to build industry-leading net
rooms growth globally, this strategic and intentional growth in
Canada reflects Hyatt’s focus on listening and developing in
destinations that matter most to guests, World of Hyatt members and
owners.
With nearly 20 hotels currently open in Canada, Hyatt expects to
have an additional 23 hotels open and operating by the end of 2026,
doubling Hyatt’s Canadian brand footprint, and further expanding
compelling guest and member experiences for World of Hyatt, one of
the industry’s fastest growing loyalty programs. This significant
expansion includes newly announced deals for luxury and lifestyle
hotels including the second hotel in Canada within The Unbound
Collection by Hyatt brand. The hotel will be located in Ontario
wine country and will join Spirit Ridge located in the beautiful
Okanagan Valley wine country. Other upcoming properties
include:
- Hyatt Centric Winnipeg Downtown (2025) is expected to be
the second Hyatt Centric hotel in Canada and will be in the heart
of downtown Winnipeg, home to a vibrant arts and music scene,
world-class museums, and stunning outdoor attractions. The
lifestyle hotel will offer 140 modern guestrooms and suites,
approximately 1,200 square feet of meeting space, a signature
restaurant and bar and an open concept lobby that will capture the
local spirit and inspire guests to get out and explore. The
property is owned and will be operated by The Kothari Group.
- Hyatt Centric Victoria – Old Town (2026), will be the
first Hyatt branded hotel in Victoria, British Columbia and will
join Hyatt’s growing Boundless Collection portfolio in Canada.
Centrally located in Old Town Victoria, home to Canada’s oldest
Chinatown and known for its historic brick buildings and walkable
streets, the hotel will offer 135 rooms and suites, and dynamic
food and beverage options including a restaurant, bar, lounge, and
coffee shop. The property is owned by Chard Development Ltd.
“Hyatt is focused on accelerating brand growth and momentum in
meaningful ways with several planned openings to meet every stay
occasion in sought-after destinations coast-to-coast across
Canada,” said Scott Richer, Vice President, Development and Owner
Relations for Canada, Hyatt. “In 2022, Hyatt established a
cross-functional corporate team dedicated to Canada, which enables
us to continue growing Hyatt’s brand presence across the country
with new and existing owners, to bring these – and more – exciting
projects to life.”
Portfolio Growth Includes Several New Leisure & Tertiary
Markets for Hyatt
Hyatt’s commitment to growing its brands in Canada will offer
guests a portfolio of hotels designed to provide memorable and
engaging guest experiences. By the end of 2026, Hyatt expects to
have an established brand presence in several sought-after leisure
markets that currently do not have a Hyatt hotel including:
- Hyatt House Port Elgin (2026) will be located in close
proximity to some of the most idyllic sandy beaches on Lake
Huron.
- Hyatt Place Whitehorse (2025) will provide the ideal
home base for adventurers looking to explore the vast and
breathtaking Yukon wilderness.
New Airport Locations Planned Coast-to-Coast
Hyatt is expanding its brand footprint at some of Canada’s
busiest airports with elevated experiences including free breakfast
for guests and 24/7 conveniences that are attractive to both
leisure and business travelers:
- Hyatt Place Montreal - Trudeau International Airport
(2025)
- Hyatt Place Toronto International Airport (2025)
- Hyatt House Toronto International Airport (2026)
- Hyatt Place Mississauga – Airport Corporate Centre
(2024)
- Hyatt House Mississauga – Airport Corporate Centre
(2024)
- Hyatt Place Vancouver International Airport (2026)
- Hyatt House Vancouver International Airport (2026)
Recently Opened Hyatt Hotels in Canada
Hyatt's impressive Canadian pipeline will join several hotels
that opened in Canada over the past years, across Hyatt’s diverse
brand portfolio including:
- Hyatt Centric Montreal opened in March 2023
- Hyatt Place Toronto/Brampton opened in August 2022
- Hyatt Place Montreal Downtown opened in June 2022
- The Walper Hotel, part of the JdV by Hyatt brand, located in
Kitchener, Ontario, opened in May 2022
- The Anndore House, part of the JdV by Hyatt brand, located in
Toronto, opened in April 2021
To further engage with owners and operators, Hyatt will be
exhibiting at the Western Canadian Lodging Conference November 1-2
at Hyatt Regency Vancouver.
For more information or to book a stay, please visit
hyatt.com.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Hyatt Hotels
Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company guided by its purpose – to care for
people so they can be their best. As of June 30, 2023, the
Company’s portfolio included more than 1,250 hotels and
all-inclusive properties in 76 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt
Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt
Place®, Hyatt House®, Hyatt Studios, and
UrCove; the Boundless Collection, including Miraval®,
Alila®, Andaz®, Thompson Hotels®, Dream®
Hotels, Hyatt Centric®, and Caption by Hyatt®;
the Independent Collection, including The Unbound Collection by
Hyatt®, Destination by Hyatt®, and JdV by Hyatt®;
and the Inclusive Collection, including Impression by
Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry®
Wellness & Spa Resorts, Secrets® Resorts & Spas,
Breathless Resorts & Spas®, Dreams® Resorts &
Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels
& Resorts®, and Sunscape® Resorts & Spas.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation
Club®, Amstar DMC destination management services, and Trisept
Solutions® technology services. For more information, please visit
www.hyatt.com.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Our actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements. In
some cases, you can identify forward-looking statements by the use
of words such as “may,” “could,” “expect,” “intend,” “plan,”
“seek,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” “continue,” “likely,” “will,” “would” and variations
of these terms and similar expressions, or the negative of these
terms or similar expressions. Such forward-looking statements are
necessarily based upon estimates and assumptions that, while
considered reasonable by us and our management, are inherently
uncertain. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to, general economic uncertainty in key global markets and a
worsening of global economic conditions or low levels of economic
growth; the rate and the pace of economic recovery following
economic downturns; global supply chain constraints and
interruptions, rising costs of construction-related labor and
materials, and increases in costs due to inflation or other factors
that may not be fully offset by increases in revenues in our
business; risks affecting the luxury, resort, and all-inclusive
lodging segments; levels of spending in business, leisure, and
group segments, as well as consumer confidence; declines in
occupancy and average daily rate; limited visibility with respect
to future bookings; loss of key personnel; domestic and
international political and geo-political conditions, including
political or civil unrest or changes in trade policy; hostilities,
or fear of hostilities, including future terrorist attacks, that
affect travel; travel-related accidents; natural or man-made
disasters, weather and climate-related events, such as earthquakes,
tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil
spills, nuclear incidents, and global outbreaks of pandemics or
contagious diseases, or fear of such outbreaks; the pace and
consistency of recovery following the COVID-19 pandemic and the
long-term effects of the pandemic, additional resurgence, or
COVID-19 variants, including with respect to global and regional
economic activity, travel limitations or bans, the demand for
travel, transient and group business, and levels of consumer
confidence; the ability of third-party owners, franchisees, or
hospitality venture partners to successfully navigate the impacts
of the COVID-19 pandemic, any additional resurgence, or COVID-19
variants or other pandemics, epidemics or other health crises; our
ability to successfully achieve certain levels of operating profits
at hotels that have performance tests or guarantees in favor of our
third-party owners; the impact of hotel renovations and
redevelopments; risks associated with our capital allocation plans,
share repurchase program, and dividend payments, including a
reduction in, or elimination or suspension of, repurchase activity
or dividend payments; the seasonal and cyclical nature of the real
estate and hospitality businesses; changes in distribution
arrangements, such as through internet travel intermediaries;
changes in the tastes and preferences of our customers;
relationships with colleagues and labor unions and changes in labor
laws; the financial condition of, and our relationships with,
third-party property owners, franchisees, and hospitality venture
partners; the possible inability of third-party owners,
franchisees, or development partners to access the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and
dispositions and our ability to successfully integrate completed
acquisitions with existing operations, including with respect to
our acquisition of Apple Leisure Group and Dream Hotel Group and
the successful integration of each business; failure to
successfully complete proposed transactions (including the failure
to satisfy closing conditions or obtain required approvals); our
ability to successfully execute on our strategy to expand our
management and franchising business while at the same time reducing
our real estate asset base within targeted timeframes and at
expected values; declines in the value of our real estate assets;
unforeseen terminations of our management or franchise agreements;
changes in federal, state, local, or foreign tax law; increases in
interest rates, wages, and other operating costs; foreign exchange
rate fluctuations or currency restructurings; risks associated with
the introduction of new brand concepts, including lack of
acceptance of new brands or innovation; general volatility of the
capital markets and our ability to access such markets; changes in
the competitive environment in our industry, including as a result
of the COVID-19 pandemic, industry consolidation, and the markets
where we operate; our ability to successfully grow the World of
Hyatt loyalty program and Unlimited Vacation Club paid membership
program; cyber incidents and information technology failures;
outcomes of legal or administrative proceedings; and violations of
regulations or laws related to our franchising business and
licensing businesses and our international operations;; and other
risks discussed in the Company’s filings with the U.S. Securities
and Exchange Commission (“SEC”), including our annual report on
Form 10-K and our Quarterly Reports on Form 10-Q, which filings are
available from the SEC. These factors are not necessarily all of
the important factors that could cause our actual results,
performance or achievements to differ materially from those
expressed in or implied by any of our forward-looking statements.
We caution you not to place undue reliance on any forward-looking
statements, which are made only as of the date of this press
release. We undertake no obligation to update publicly any of these
forward-looking statements to reflect actual results, new
information or future events, changes in assumptions or changes in
other factors affecting forward-looking statements, except to the
extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20231101891846/en/
Anna Sczepanski Hyatt Anna.sczepanski@hyatt.com
Hyatt Hotels (NYSE:H)
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