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.
Hyatt Hotels Corporation (NYSE: H) has completed the acquisition of Apple Leisure Group (ALG), enhancing its luxury resort offerings with approximately 100 hotels in 10 countries. This move significantly expands Hyatt's global resort portfolio and adds 11 new European markets, increasing Hyatt’s footprint by 60% in the region. The acquisition is expected to drive growth in leisure travel demand and enhance customer experiences through new options like the Unlimited Vacation Club. Hyatt reiterates its commitment to generate an additional $2 billion in asset sales by the end of 2024.
Hyatt Hotels Corporation (NYSE: H) has announced the opening of Thompson Central Park New York, a luxury hotel located near Central Park. This new establishment features 587 contemporary guestrooms, including 174 upscale rooms in the anticipated Upper Stories. Guests can enjoy diverse dining options such as the return of Burger Joint and the new lobby bar Standing Room Only. With a strong emphasis on design by architect Thomas Juul-Hansen, the hotel aims to provide sophisticated experiences for travelers. Rates start at $420 per night.
Hyatt Hotels Corporation (NYSE: H) has entered a management agreement for a new 430-room Grand Hyatt hotel on Shaura Island, part of the Red Sea Project in Saudi Arabia. This hotel will be the largest among 11 planned for the island and represents a significant step in Hyatt's luxury expansion in the Middle East. The property is designed to harmonize with its natural surroundings and will feature diverse amenities, including a marina and golf course. The project prioritizes sustainability, aiming for renewable energy and reduced CO2 emissions, and is projected to open as part of the Red Sea Project's first phase.
Hyatt Hotels Corporation (NYSE: H) has opened the IL Tornabuoni Hotel, a 62-room luxury property in Florence, Italy, marking its first presence under The Unbound Collection by Hyatt brand. The hotel, formerly the Palazzo Minerbetti, has undergone significant renovations, reflecting the Renaissance era's artistry. It features five restaurants and a fitness center, providing guests with a unique experience. The opening supports Hyatt’s expansion in Italy, which now has a portfolio of over 1,000 properties globally. World of Hyatt members can earn 500 Bonus Points for stays through December 31, 2021.
The new World of Hyatt Business Credit Card launched by Chase and Hyatt allows small business owners to earn double World of Hyatt points on categories where they spend the most. This card features an adaptive rewards accelerator, enabling members to maximize point earnings on hotel stays, dining, and more. Key benefits include automatic Discoverist status, bonus points on spending, and no foreign transaction fees, with an annual fee of $199. New cardholders can earn up to 75,000 Bonus Points during the first three months.
Hyatt Hotels Corporation (NYSE: H) has announced the opening of its first Hyatt Centric brand hotel in the UK, located in Cambridge. This 150-guestroom hotel features modern dining options, a rooftop terrace, and offers easy access to local attractions. Positioned within the sustainable Eddington neighborhood, the hotel aims to provide guests with unique experiences, including local cuisine and activities like punting on the River Cam. The opening highlights Hyatt's continued expansion and commitment to enhancing its presence in key markets.
Hyatt Hotels Corporation (NYSE: H) will announce its third quarter 2021 financial results on November 3, 2021, after market close. A conference call is scheduled for November 4, 2021, at 10:00 a.m. CT, accessible via a webcast on the company’s website. For those unable to attend, a replay will be available starting November 4, 2021, at 12:00 p.m. CT, until November 11, 2021. As of June 30, 2021, Hyatt operates over 1,000 properties in 68 countries, focusing on providing premier hospitality experiences.
Hyatt Hotels Corporation (NYSE: H) has launched its first JdV by Hyatt hotel in Italy, named The Tribune Hotel, located in Rome. This upscale property features 52 unique rooms and aims to provide a vibrant and socially inclusive experience for guests. Positioned near famous attractions like the Spanish Steps and Trevi Fountain, the hotel boasts a rooftop terrace offering artisanal Italian cuisine. Additionally, guests can earn 500 Bonus Points per qualifying night as part of the World of Hyatt member offer.
Hyatt Hotels Corporation (NYSE: H) has priced its public offering of senior notes totaling
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