Welcome to our dedicated page for Hyatt Hotels Corporation news (Ticker: H), a resource for investors and traders seeking the latest updates and insights on Hyatt Hotels Corporation stock.
Hyatt Hotels Corporation (symbol: H), headquartered in Chicago, is a global leader in the hospitality industry with a diverse portfolio of 13 premier brands. As of December 31, 2016, Hyatt's impressive portfolio included 698 properties spanning 56 countries. The company’s commitment to caring for people so they can be their best underpins its business decisions and strategic growth, aiming to create value for shareholders, foster lasting relationships with guests, and attract top-tier talent.
Hyatt's subsidiaries are involved in various aspects of the hospitality sector, including the development, ownership, operation, management, franchising, and licensing of hotels, resorts, branded residences, and vacation ownership properties. The brands under its umbrella include Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, and Hyatt Residence Club®. These brands collectively offer a wide range of experiences to meet diverse customer needs.
As an operator of various properties, Hyatt boasts a balanced mix with 4% of its rooms being owned and 96% being managed or franchised. The company’s portfolio also includes notable vacation brands like Apple Leisure Group, Hyatt Ziva, and Hyatt Zilara, the full-service lifestyle brand Hyatt Centric, the soft lifestyle brand Unbound, the wellness-focused Miraval brand, and the midscale extended-stay brand Studios.
Recently, Hyatt expanded its reach by acquiring Two Roads Hospitality in 2018 and Apple Leisure Group in 2021. This expansion bolstered its presence in the upscale and luxury segments. In terms of regional exposure, Hyatt's portfolio distribution is 54% in the Americas, 22% in the rest of the world, and 23% in the Asia-Pacific region.
Hyatt's strategic focus on growth and its dedication to guest satisfaction continue to distinguish it in the competitive hospitality market, ensuring a strong operational framework and a robust future outlook.
World of Hyatt has launched its Bonus Journeys promotion, allowing members to earn 3,000 Bonus Points for every two eligible nights, up to 30 nights, after registering for the offer. This promotion is valid for stays completed between March 20, 2023 and May 26, 2023. Additionally, World of Hyatt Credit Cardmembers can earn an extra 500 Bonus Points per two nights at selected hotels in ten cities, starting with their first stay post-registration. The promotion aims to promote travel and offer members various exciting ways to redeem their points at over 1,200 hotels globally.
Hyatt Hotels Corporation (NYSE: H) reported robust financial results for Q4 and full year 2022, with record cash flow from operations of $674M. Net income surged to $294M in Q4 and $455M for the full year. Adjusted EBITDA reached $232M in Q4, with a notable contribution from Apple Leisure Group (ALG) at $43M. RevPAR increased by 34.8% for Q4 and 60.2% for the full year. Net rooms grew by 6.7%, with a pipeline of 117,000 rooms. The company repurchased 1.15M shares for $106M in Q4. The outlook for 2023 anticipates a 10-15% increase in RevPAR and 6% net rooms growth.
Hyatt Hotels Corporation (NYSE: H) has launched the NUMU Boutique Hotel in
Hyatt Hotels Corporation (NYSE: H) has announced participation in several upcoming conferences. CFO Joan Bottarini will attend the Wells Fargo 26th Annual Real Estate Securities Conference on February 23, 2023 in New York, NY. She will also present at the Raymond James & Associates 44th Annual Institutional Investors Conference at 1:05 p.m. ET on March 7, 2023 in Orlando, FL, and at the J.P. Morgan Gaming, Lodging, Restaurant, and Leisure Management Access Forum at 9:20 a.m. PT on March 15, 2023 in Las Vegas, NV. Interested individuals can access a webcast of the presentations via the company’s website, with replays available for 90 days.
Hyatt Hotels Corporation (NYSE: H) has completed its acquisition of the Dream Hotel Group, enhancing its lifestyle offerings and accelerating asset-light growth. The deal adds 12 lifestyle hotels to Hyatt's portfolio, including brands such as Dream Hotels, The Chatwal, and Unscripted Hotels. Furthermore, 24 long-term management agreements have been signed for future properties. This acquisition expands Hyatt's presence in key markets including Nashville, Hollywood, and Las Vegas, and integrates over 600 new employees into its operations.
Hyatt Hotels Corporation (NYSE: H) has announced a significant rebranding of the Hyatt Regency Scottsdale Resort & Spa to Grand Hyatt Scottsdale Resort & Spa in late 2024, marking Arizona's first Grand Hyatt hotel. The ownership group, Xenia Hotels and Resorts, will invest approximately $110 million for extensive renovations, enhancing guestrooms, public areas, and expanding event spaces. Renovations are set to commence in early summer 2023 while keeping the hotel operational. Hyatt aims to create an elevated guest experience, with luxurious features that align with the Grand Hyatt brand's global standards.
Hyatt Hotels Corporation (NYSE: H) has been recognized in the 2023 Institutional Investor All-America Executive Team for its excellence in investor relations and leadership. The company ranked among the top three midcap firms in the Gaming & Lodging category for several accolades, including Best Investor Relations Program and Best CEO for Mark Hoplamazian. This recognition underscores Hyatt’s commitment to enhancing shareholder value and reflects its performance in financial disclosure and communication, as determined by surveys of 3,500 industry professionals. Hyatt's diverse portfolio includes over 1,200 properties worldwide, emphasizing its ongoing growth and market presence.
Hyatt Hotels Corporation (NYSE: H) has announced a new franchise agreement with FP Global (Private) Limited to develop the Hyatt Regency Lahore DHA, marking the first Hyatt-branded hotel in Pakistan. The 94-room hotel, located in Defence Housing Authority Phase 6, is set to open in 2024, enhancing Hyatt's presence in Southwest Asia. The hotel will feature six dining outlets, fitness centers, swimming pools, and 8,600 square feet of event space. Its proximity to Allama Iqbal International Airport will attract both business and leisure travelers, positioning it as a key player in Lahore's hospitality sector.
Hyatt Hotels Corporation (NYSE: H) has launched the Destination by Hyatt brand in the UK with the opening of SCHLOSS Roxburghe, a luxury country estate. The estate features 58 new rooms and suites, 12 luxury cottages, and a state-of-the-art spa. This expansion marks a significant milestone for Hyatt in Europe, catering to the increasing demand for upscale, immersive travel experiences. Located in Scotland, the estate is set amid picturesque landscapes and will soon introduce 50 additional cottages. The hotel also boasts various outdoor and culinary amenities, enhancing its appeal as a premier destination.
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