Hyatt Hotels Corporation - H STOCK NEWS

Hyatt Hotels Corporation (H) reported a substantial net loss of $203 million, or $2.00 per diluted share, in Q4 2020, comparing unfavorably to a net income of $321 million in Q4 2019. Adjusted EBITDA also dropped significantly, reaching –$98 million, down from $191 million the previous year. Despite these challenges, Hyatt opened 72 hotels in 2020, expanding its pipeline to approximately 500 hotels (101,000 rooms). The company maintained strong liquidity with $1,882 million in cash and equivalents. Looking forward, Hyatt aims for a 5% growth in net rooms for 2021.

Hyatt introduces the Hyatt Night In package, designed to enhance the guest experience with unique offerings across nearly 70 properties in the Americas, available until September 12, 2021. This package features amenities such as a signature experience tailored to each hotel, early check-in, late check-out, and substantial savings on parking and food. Guests can enjoy exclusive experiences like Omakasê sushi dinners and private pool reservations. The initiative aims to provide an affordable escape for travelers looking to reignite their travel passion.

Hyatt Hotels Corporation (NYSE: H) announced the opening of Alila Napa Valley, a luxury retreat in California's wine country, effective March 1, 2021. The exclusive 68-room, adults-only resort offers personalized service and immersive experiences, joining Hyatt's Alila brand. It features upscale amenities including a spa, fitness center, and a restaurant led by Chef Chris Cosentino. This expansion, which enhances Hyatt's luxury portfolio, is an opportunity for World of Hyatt members to gain exclusive benefits. The hotel is strategically located near over 400 wineries, enhancing its appeal to luxury travelers.

Hyatt Hotels Corporation (NYSE: H) has signed franchise agreements with Story Hotels Holding AB to introduce three hotels in Sweden under the JDV Hotel brand. The properties, located in Stockholm and Malmö, will maintain their unique identities while offering reservations through Hyatt's platforms starting April 1, 2021. This expansion aims to enhance Hyatt's independent collection in Europe and meet a growing demand for differentiated hospitality experiences. The hotels will cater to both business and leisure travelers with modern designs and local amenities.

Hyatt Hotels Corporation (NYSE: H) announced complimentary on-property COVID-19 testing at all 19 resorts in Latin America through May 31, 2021. This offer includes rapid antigen or RT-PCR tests for up to two guests per room, assisting travelers to the U.S. Additionally, Hyatt is introducing a Travel Delay Rate providing up to 50% off standard rates and 30% off food and beverage for guests facing delays due to testing issues. These initiatives align with Hyatt’s Global Care & Cleanliness Commitment, aimed at enhancing safety and wellbeing.

Hyatt Hotels Corporation (NYSE: H) announced it will release its fourth quarter 2020 financial results on February 17, 2021, after market close. A conference call is scheduled for February 18, 2021, at 10:30 a.m. CT, where participants can join via a live webcast on the Company's website. An archive will be available for 90 days post-event. As of September 30, 2020, Hyatt operates over 950 properties in 67 countries, reinforcing its commitment to care for people and create shareholder value.

Hyatt Hotels Corporation (NYSE:H) has signed a franchise agreement with 50 Third Street Owner LP to include the Park Central San Francisco in its portfolio as Hyatt Regency San Francisco Downtown SoMa. The 681-room hotel will undergo a multi-million-dollar renovation starting early 2021, enhancing guest experiences with redesigned rooms and event spaces. The hotel, strategically located in San Francisco's SoMa neighborhood, is expected to remain open during renovations, set for completion in early 2022, and will feature significant meeting facilities and diverse culinary options.

Hyatt Hotels Corporation (NYSE: H) announced significant growth with nearly 20 new hotel openings in 2020 and plans for further expansions across the Americas through 2021. This growth follows Hyatt's 2018 acquisition of Two Roads Hospitality and aims to enhance guest experiences and loyalty within its brands, including Alila, Hyatt Centric, and Thompson Hotels. The company's strategy focuses on meaningful and authentic travel experiences, adapting to market trends, while ensuring a commitment to sustainability and customer safety amidst the ongoing impacts of the COVID-19 pandemic.

Hyatt Hotels Corporation (NYSE: H) has announced plans to significantly expand its brand portfolio in Europe with over 20 new managed and franchised hotels by the end of 2023. This growth will increase Hyatt's footprint by more than 30% across nine new countries, adding to the 63 existing hotels in 22 European nations. The expansion focuses on lifestyle brands such as Andaz and Hyatt Centric, targeting regions with strong traveler demand. New openings include the first Park Hyatt in the UK and other key locations in Finland, Portugal, and Spain.