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 (NYSE: H) has chosen Oracle OPERA Cloud as its global property management system (PMS) for over 1,000 hotels and all-inclusive properties. This move aims to standardize operations and data management across Hyatt's portfolio, providing a common user interface and processes. The implementation will enable Hyatt to:
1. Operate more efficiently
2. Deliver improved guest experiences
3. Centralize data for better insights and operational planning
4. Personalize guest touchpoints
5. Offer mobile flexibility for staff
Built on Oracle Cloud Infrastructure (OCI), OPERA Cloud PMS will enhance Hyatt's ability to scale its portfolio while providing tools for exceptional guest experiences. The integration also allows for quick innovation through the Oracle Hospitality Integration Platform (OHIP).
Hyatt Hotels (NYSE: H) has announced plans to acquire Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition will significantly enhance Hyatt's position in the lifestyle hospitality sector. Key points include:
1. Formation of a new dedicated lifestyle group headquartered in New York City, led by Standard International's Executive Chairman Amar Lalvani.
2. Addition of 21 open hotels with approximately 2,000 rooms to Hyatt's portfolio.
3. Integration of acquired properties into the World of Hyatt loyalty program.
4. Base purchase price of $150 million, with potential additional $185 million as more properties join the portfolio.
5. Expected stabilized fees of $17 million, potentially increasing to $47 million.
Hyatt Hotels (NYSE:H) has completed the sale of Hyatt Regency Orlando for $1.07 billion to RIDA Development and an Ares Management Real Estate fund. The deal includes a long-term management agreement under the Hyatt Regency brand. Hyatt retained $265 million of non-controlling preferred equity and provided $50 million in seller financing for adjacent land.
This sale exceeds Hyatt's $2 billion asset-disposition commitment, with the company realizing $2.6 billion in gross proceeds over three years. RIDA and Ares plan to invest in renovations and develop a new Grand Hyatt hotel on adjacent land, potentially creating a combined 4,000+ room complex near the Orange County Convention Center.
Hyatt Hotels (NYSE: H) has announced its executives' participation in two upcoming investor conferences. Mark Hoplamazian, President and CEO, and Joan Bottarini, CFO, will present at the 2024 Bank of America Gaming & Lodging Conference on September 5, 2024, in New York. Additionally, Joan Bottarini and Adam Rohman, SVP Investor Relations, will present at the 2024 Wells Fargo Consumer Conference on September 18, 2024, in Dana Point, CA.
Both presentations will be accessible via webcast through Hyatt's investor website. Replays will be available for 90 days following the events, providing investors and interested parties with extended access to the company's insights and strategies.
Hyatt Hotels (NYSE: H) reported strong second quarter 2024 results, demonstrating continued momentum and differentiated positioning. Key highlights include:
- Comparable system-wide hotels RevPAR increased 4.7% compared to Q2 2023
- Net Income was $359 million; Adjusted Net Income was $158 million
- Diluted EPS was $3.46; Adjusted Diluted EPS was $1.53
- Adjusted EBITDA was $307 million, up 10.1% from Q2 2023
- Net Rooms Growth was 4.6%
- Pipeline of executed management or franchise contracts reached 130,000 rooms
Hyatt's full-year 2024 outlook projects system-wide hotels RevPAR growth of 3.0% to 4.0%, Net Income between $1,055 million and $1,115 million, and Adjusted EBITDA between $1,135 million and $1,175 million. The company also expects to return $800 million to $850 million to shareholders through dividends and share repurchases.
Hyatt Hotels (NYSE:H) has announced plans for its first Hyatt-branded hotel in Belize. The Placencia Resort will enter the Hyatt portfolio as an affiliated hotel before officially joining the Destination by Hyatt brand and World of Hyatt loyalty program in late 2025. Located on the Placencia Peninsula in southern Belize, the resort will undergo a $10 million renovation to offer 90 reimagined guestrooms, suites, and beachfront villas.
The renovation will include enhancements to public areas, a new restaurant, event space, an overwater signature restaurant and bar, and a refreshed pool experience. The resort offers various amenities and activities, including Belize's largest swimming pool, water sports, and guided tours to Mayan archaeological sites. This expansion aligns with Hyatt's growth strategy in the Latin America and Caribbean region.
World of Hyatt has announced an exclusive alliance with Under Canvas, a leader in upscale outdoor hospitality. This partnership allows World of Hyatt members to earn and redeem points for stays at 13 Under Canvas outdoor resorts, including the new luxury ULUM Moab. The alliance provides access to unique experiences near iconic U.S. national parks and outdoor destinations.
Under Canvas offers safari-inspired tents with luxury amenities and complimentary activities. Five of their 'Grand Circle' camps are DarkSky-certified, emphasizing their commitment to minimizing environmental impact. The partnership aims to meet the growing demand for immersive nature experiences while expanding Hyatt's luxury portfolio.
Hyatt Hotels has acquired the 'me and all hotels' brand from Lindner Hotels AG. The acquisition aims to expand Hyatt's presence in Europe and build on its growth in the region. The 'me and all hotels' brand, launched in 2016, features six hotels with over 1,000 rooms and a pipeline of new projects in Berlin, Hamburg, Leipzig, and Stuttgart. It will become a standalone brand within Hyatt's lifestyle portfolio, which has expanded significantly since 2017. The brand's unique appeal lies in its urban design, technology, and vibrant public spaces, targeting city and business travelers.
Hyatt Hotels (NYSE: H) is expanding its presence in New Orleans with two new additions: Maison Métier and The Barnett. Both properties will join Hyatt’s Independent Collection and the World of Hyatt loyalty program this year. Maison Métier, formerly Maison de la Luz, is located in a 1908 Parisian luxury guesthouse and offers 67 lavish guestrooms, and will join The Unbound Collection by Hyatt brand in 2024. The Barnett, formerly Ace Hotel New Orleans, celebrates Art Deco and French Modernism and features a live music venue, will join the JdV by Hyatt brand in 2024. The Domain Companies own the properties, managed by HRI Hospitality. These additions underscore Hyatt's commitment to expanding in key destinations.
Hyatt Hotels (NYSE: H) will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens.
A conference call is scheduled for 9:00 a.m. CT on the same day. The call can be accessed via a webcast on the company's investor relations website or by dialing in using provided U.S. and international toll numbers.
An archive of the webcast will be available for 90 days, and a replay of the call will be accessible for one week starting at 12:00 p.m. CT on August 6, 2024.
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