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) announced six new management and franchise agreements in Europe, aiming to enhance its brand presence across various countries. This move is part of Hyatt's broader growth strategy, which includes a planned acquisition of Apple Leisure Group to expand its European footprint by 60%. The new hotels will cater to the rising demand for unique experiences, further solidifying Hyatt's position in the hospitality sector. These developments are expected to boost investor confidence and expand Hyatt's portfolio, emphasizing leisure travel connections.
Hyatt Hotels Corporation (NYSE: H) launches a pilot program in collaboration with Gopuff, providing free delivery at select Hyatt Place hotels across the U.S. The initiative is aimed at enhancing guest convenience, allowing access to thousands of everyday items within 30 minutes. Guests can benefit from free delivery and receive a $10 credit on their first two Gopuff orders. The program addresses common traveler needs, as 60% frequently forget essential items. This pilot runs through February 2022 at locations including Chicago, Nashville, and Phoenix.
Hyatt Hotels Corporation (NYSE: H) has entered a definitive agreement to acquire Apple Leisure Group (ALG) for $2.7 billion in cash. The acquisition, expected to close in Q4 2021, will significantly increase Hyatt's global resorts footprint, doubling its size. ALG's luxury all-inclusive resort brands and extensive management services will enhance Hyatt's offerings. The transaction is projected to transform Hyatt's earnings profile, with a goal of achieving 80% fee-based earnings by 2024. The deal will be funded primarily through cash and new debt financing.
Hyatt Hotels Corporation (NYSE: H) has launched the luxury hotel Thompson Hollywood, located on Wilcox Avenue near Hollywood and Vine. This 11-story hotel features 190 rooms, including 16 suites, and offers a restaurant by chef Lincoln Carson, along with a rooftop lounge, Bar Lis, boasting stunning city views. The design reflects a blend of West Coast Modernism and Hollywood glamour. With rates starting at $399 per night, this hotel is anticipated to enhance the appeal of Hollywood as a prime hospitality destination.
Hyatt reported a reduced net loss of $9 million, or $0.08 per diluted share, in Q2 2021, an improvement from a loss of $236 million in Q2 2020. Adjusted EBITDA rose to $55 million, showing recovery as leisure travel demand surged, specifically in the U.S. and Greater China. Comparable system-wide RevPAR increased to $72.47, though down 49.8% from Q2 2019. Cash and short-term investments totaled $1,737 million as of June 30, 2021, reflecting strong liquidity. Hyatt continues to expand, opening 100 properties and reporting a 7.1% net rooms growth over the past year.
Hyatt Hotels Corporation (NYSE: H) announced the opening of its first property in Georgia, Thompson Savannah, located at Eastern Wharf along the Savannah River. This new hotel features 193 rooms, including 21 suites, with designs highlighting Savannah's history and modern aesthetics. Thompson Savannah offers a range of amenities, including a pool deck, event space, and a restaurant collection led by executive chef Robert Newton. The hotel focuses on guest safety through its Global Care & Cleanliness Commitment. Reservations can be made via phone or the hotel's website.
Hyatt Hotels Corporation (NYSE: H) continues to expand its luxury and lifestyle portfolio, projecting over 35 new property openings through 2022. This growth aligns with a noted 78% of consumers eager to travel post-2020 stress. Hyatt’s brands such as Alila, Andaz, and Thompson Hotels aim to offer unique experiences that reflect local cultures. The company emphasizes enhanced safety and wellbeing initiatives for guests. Notable openings in 2021 include Alila Marea Beach Resort and Andaz Bali, highlighting Hyatt's commitment to meet the demand for authentic leisure travel experiences.
Hyatt Hotels Corporation (NYSE: H) will announce its Q2 2021 financial results on August 3, 2021, after market close. A conference call is scheduled for August 4, 2021, at 9:00 a.m. CT, accessible via the Company’s investor website. A replay will be offered later that day and available until August 11, 2021. Hyatt operates over 1,000 properties globally, focused on providing exceptional hospitality under various renowned brands. The Company emphasizes caring for people, aiming to foster strong relationships with guests and employees.
The World of Hyatt has announced the return of its Bonus Journeys promotion, allowing members to earn triple points on stays of two or more qualifying nights. Members must register by August 20, 2021, for eligible stays from July 20 to September 15, 2021. Participants can earn up to 120,000 Bonus Points during this period. Offers also include various valuable promotions, enhancing travel experiences for members eager to explore again after travel restrictions.
Hyatt Hotels Corporation (NYSE: H) has announced the addition of Hotel Figueroa to The Unbound Collection by Hyatt brand in downtown Los Angeles. This historic hotel, known for its unique story and luxurious offerings, first opened in 1926 as a women’s hostelry. Hotel Figueroa is now the first hotel in L.A. and third in California to join the collection, which features 27 distinctive properties worldwide. The hotel maintains its rich heritage while providing modern amenities and is set to introduce innovative dining experiences in 2021.