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 announces a new name, image and likeness (NIL) deal with University of Tennessee football star Jalin Hyatt, who set a single-season receiving touchdown record. The agreement includes providing gift cards for hotel rooms to all of Jalin’s teammates' families for the upcoming bowl game in Miami, Florida. Additionally, Jalin will have the chance to visit Hyatt properties to celebrate his achievements. Hyatt aims to support families during this event and enhance loyalty through its program.
Hyatt Hotels Corporation (NYSE: H) reports robust growth in its Independent Collection brands, focusing on luxury and lifestyle experiences. With over 100 properties worldwide, the brand expects significant openings through 2025, enhancing its global portfolio. Notable upcoming openings include NUMU in Mexico and Grand Hansa Hotel in Finland. The company highlights a 20% growth in its loyalty program, contributing to record revenue levels. Hyatt's intentional growth strategy has resulted in five years of industry-leading net room growth.
Hyatt Hotels Corporation (NYSE: H) and Playa Hotels & Resorts (NASDAQ: PLYA) announced the opening of Hyatt Zilara Riviera Maya, a luxurious all-inclusive resort in Riviera Maya, Mexico. The resort boasts 291 suites with modern amenities, including spa-like bathrooms and 24-hour in-suite dining. Guests can enjoy various activities, nine restaurants, and a wellness-focused Zen Spa. Additionally, World of Hyatt members can earn 500 Bonus Points for stays until February 28, 2023. This opening aligns with Hyatt's strategy to enhance the all-inclusive experience.
Taconic Capital Advisors and HEI Hotels & Resorts have jointly acquired the Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE) for an undisclosed amount. This full-service hotel features 351 keys and is strategically located with stunning views of the Manhattan skyline. The acquisition includes assuming a $100 million fixed-rate mortgage. Future enhancements amounting to over $15 million are planned for the property, focusing on guest amenities and event spaces.
Hyatt Hotels Corporation (NYSE: H) celebrates the opening of Rancho Pescadero, a luxurious 103-key resort in Todos Santos, marking a significant addition to The Unbound Collection by Hyatt. This eco-conscious establishment emphasizes wellness and responsible tourism with amenities including oceanfront villas, extensive gardens, and a 25,000-square-foot spa. The culinary experience is led by Culinary Director Sandro Falbo, highlighting locally sourced ingredients. Rates start at $895 per night, with special opening offers available through January 31, 2023.
Hyatt Hotels Corporation (NYSE: H) has announced an acquisition of the Dream Hotel Group lifestyle hotel brand and management platform. The deal, valued at
This asset-light acquisition aligns with Hyatt's growth strategy, building on prior acquisitions.
Hyatt Hotels Corporation (NYSE:H) has officially opened the Hyatt Regency Trivandrum in Kerala, marking its third property in the state and 16th in India. The hotel features 132 rooms, including luxury suites, and offers a blend of business and leisure amenities. It spans 2.2 acres and is situated near historic sites and scenic beaches. Dining options include local and Asian cuisine, with a focus on community engagement. Additionally, it houses one of the city's largest convention centers, enhancing Hyatt's footprint in India's hospitality market.
Hyatt Hotels Corporation (NYSE: H) has officially opened the Grayson Hotel in New York City, marking the introduction of The Unbound Collection by Hyatt to the area. The 296-room hotel celebrates New York's industrial history with a chic design featuring curated artwork and modern amenities. Located near Bryant Park, the hotel offers views of prominent landmarks such as the Empire State Building and Freedom Tower. Culinary ventures will be spearheaded by New York-based Apicii, featuring Mediterranean and Mexican-inspired dining experiences.
Hyatt Hotels Corporation (NYSE: H) reported third quarter 2022 results, revealing a net income of $28 million, a decrease from $120 million in Q3 2021. Adjusted net income fell to $72 million compared to $241 million the previous year. However, total fee revenue exceeded 2019 levels by 50%, with comparable system-wide RevPAR up 45.9% to $133.31. The company raised its 2022 Net Rooms Growth outlook to 6.5% and reported an Adjusted EBITDA of $252 million, a significant increase from $110 million in Q3 2021.
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