Driven by care for today’s luxury traveler and
their wellbeing priorities, Hyatt elevates its leadership position
with an intentional growth strategy across its luxury Timeless,
Boundless, Independent, and Inclusive Collection brands
Hyatt Hotels Corporation (NYSE: H) shared today Hyatt’s strong
development pipeline of more than 35 planned luxury hotels and
resorts globally through 2025 across the Park Hyatt, Grand Hyatt,
Miraval, Alila, Andaz, Thompson Hotels, and The Unbound Collection
by Hyatt brands, as well as Inclusive Collection brands Zoëtry
Wellness & Spa Resorts and Dreams Resorts & Spas.
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the full release here:
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King guestroom at Thompson Palm Springs.
(Photo: Business Wire)
While maintaining its asset-light approach, Hyatt has doubled
the number of luxury rooms, tripled the number of resort rooms, and
quadrupled the number of lifestyle rooms in only five years. With
70% of its rooms categorized as luxury and upper upscale, the Hyatt
portfolio has grown to meet increased demands for luxury and resort
accommodations while upholding consistent, top-tier quality,
personalized experiences, and bespoke service.
At large, travel and tourism are expected to increase by
approximately 12% of global GDP by 2033 according to a recent World
Travel & Tourism Council report. In turn, Hyatt’s luxury
portfolio is expanding to meet that demand in new international
markets. This includes the debut of Park Hyatt hotels in the UK,
Mexico, and Malaysia; the Thompson Hotel brand’s expansion in
Europe with the first properties in Austria and Italy; the Andaz
brand’s growth in the Americas with its first hotel in the
Caribbean; The Unbound Collection by Hyatt brand’s first properties
in the Nordics and India; as well as Hyatt luxury growth in the
trending destination of Portugal, with the planned openings of
Andaz Lisbon and Dreams Madeira Resort, Spa & Marina.
“The upcoming addition of these new hotels and resorts across
our global luxury portfolio in sought-after destinations where
travelers want to go most reinforces our leadership in this space,”
said Mark Vondrasek, Chief Commercial Officer, Hyatt. “Our
continued, purposeful growth in the year ahead will follow an
insight-led approach, focused on listening to our guests, customers
and World of Hyatt members and their evolving travel needs such as
a growing desire for immersive and distinct experiences that
prioritize wellbeing.”
A recent Ipsos report found that across Europe, Africa and the
Middle East, common factors driving the travel decision-making
process are availability of wellbeing offerings (approximately 30%
on average) and the opportunity for new experiences (approximately
31% on average). Additionally, through listening to what matters
most to guests and members, Hyatt understands that affluent,
worldly travelers are seeking luxury hotels that values the purpose
of their stay and proactively plan around their needs. In turn,
Hyatt luxury hotels take special care in developing one-of-a-kind
experiences and excursions curated personally for each guest,
including the awe-inspiring, experiential wellbeing programming
that they value the most. Notable holistic wellbeing offerings
include:
- A continued commitment to sleep – from a new program across all
Hyatt hotels in New Zealand and Australia to a new, comprehensive
Sleep Therapy program, teaching guests the art of slumber, at
Impression Isla Mujeres by Secrets.
- New adventurous experiences focused on showcasing the potential
for transformative travel through the Andaz “Be Like No One’s
Watching” campaign, coming to life through culinary and mixology
masterclasses, musical immersions, onsite tattoo studios and
more.
- Preference for privatization (as a form of “self-care”) is
driving villa stays at hotels like Grand Hyatt Baha Mar, Alila
Villas Uluwatu, The Cape, A Thompson Hotel, and Park Hyatt Maldives
Hadahaa, which participate in Hyatt’s award-winning exclusive
travel advisor program, Hyatt Privé.
- Specialized and immersive spas coming in 2024 at Park Hyatt Los
Cabos at Cabo del Sol and Park Hyatt Marrakech that will act as
wellness destinations, driving preference amongst Gen Z and
Millennials travelers of which more than half would go out of their
way to ensure a hotel has a spa, accordingly to Amex 2023 Global
Travel Trends report.
- More options through the recently launched Wellbeing
Collective, a collection of 30+ Hyatt properties around the globe
that offer tailored wellbeing experiences to meet the specific
needs of meetings and events travelers, with plans to expand in
2024.
World of Hyatt recently unveiled reimagined program benefits for
members, including newly expanded World of Hyatt Milestone Rewards
designed to offer more awards and more choice at more milestones,
allowing members to choose earning points for future free nights,
enhancing stays with suite upgrades As part of this evolution,
eligible travel advisors will be offered new pathways to earn
status and milestones and are invited to extend care even further
with the ability to gift new and exciting Milestone Rewards as well
as Globalist status to clients or colleagues.
Hyatt also continues to grow thoughtfully through acquisitions,
expanding its portfolio for guests and members with the recently
announced acquisition of Mr & Mrs Smith. The integration
planned for the near future will unlock direct booking access to
hundreds more boutique and luxury hotels including in 20+ countries
where there are currently no Hyatt hotels.
“Hyatt’s luxury growth strategy is purposefully ambitious and in
the coming years, we will continue to grow with intent through a
focus on key leisure destinations, and top-tier brands’ ability to
personalize experiences for each guest, member and client, through
care,” added Heidi Kunkel, Senior Vice President Commercial
Services, EAME. “We value our relationship with travel advisors and
look to work together on finding new ways to advance care for them
and their clients through the transformative growth of our luxury
offerings and evolving World of Hyatt benefits.”
Please see below for a pipeline of Hyatt luxury openings through
2025.
Timeless Collection hotels deliver the comforts of a home
away from home with a consistently elevated experience, with
exciting openings including:
- Park Hyatt
- Park Hyatt Marrakech (early 2024)
- Park Hyatt London River Thames (mid 2024)
- Park Hyatt Los Cabos at Cabo del Sol (2024)
- Park Hyatt Kuala Lumpur (mid 2024)
- Park Hyatt Changsha (2024)
- Park Hyatt Johannesburg (2025)
- Park Hyatt Cancun (2025)
- Park Hyatt Phu Quoc (2025)
- Park Hyatt Taipei (2025)
- Grand Hyatt
- Grand Hyatt Kunming (2024)
- Grand Hyatt Mexico City Santa Fe (2025)
- Grand Hyatt Cancun Beach Resort (2025)
- Grand Hyatt Grand Cayman Hotel & Residences (2025)
- Grand Hyatt The Red Sea (2025)
Boundless Collection hotels that will make their debut
and deliver best-in-class offerings and compelling experiences
designed to excite and inspire, include:
- Miraval
- Miraval, The Red Sea (2025)
- Alila
- Alila Shanghai (late 2024)
- Alila Dalit Bay (2025)
- Alila Dongao Island (2025)
- Andaz
- Andaz Doha (mid 2024)
- Andaz Amsterdam Prinsengracht (renovation unveiling mid
2024)
- Andaz Miami Beach (late 2024)
- Andaz Turks & Caicos at Grace Bay (2025)
- Andaz Lisbon (2025)
- Andaz Bangkok (2025)
- Thompson Hotels
- Thompson Houston (2024)
- Thompson Palm Springs (2024)
- Thompson South Beach (2024)
- Thompson Vienna (early 2025)
- Thompson Rome (early 2025)
- Thompson Monterrey (2025)
- Thompson Shanghai (2025)
Independent Collection hotels are all unique – from
storied properties and vibrant neighborhood locales to immersive
retreats. New openings include:
- The Unbound Collection by Hyatt
- Hotel Toranomon Hills (2023)
- Grand Hansa Hotel (2024)
- Noor-Us-Sabah Palace (2025)
Inclusive Collection, part of World of Hyatt, resorts
deliver immersive, elevated experiences where everything is
seamlessly included, with expected new resorts including:
- Zoëtry Wellness & Spa Resorts
- Zoëtry Halkidiki (mid 2024)
- Dreams Resorts & Spas
- Dreams Estrella Del Mar Mazatlan (mid 2024)
- Dreams Madeira Resort, Spa & Marina (mid 2024)
For information on Hyatt’s existing brand portfolio, please
visit www.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 September 30, 2023, the
Company’s portfolio included more than 1,300 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. These
statements include statements about our plans, strategies, expected
new openings and timing of such openings, travel and tourism demand
expectations, prospects or future events and involve known and
unknown risks that are difficult to predict. 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/20231206571498/en/
Gloria Kennett Hyatt gloria.kennett@hyatt.com
Marie Cazaux Hyatt – Western Europe marie.cazaux@hyatt.com
Hyatt Hotels (NYSE:H)
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