Hyatt Hotels Stock Price, News & Analysis

Hyatt Hotels (NYSE: H) has announced a long-term licensing agreement with The Venetian Resort Las Vegas, enabling the iconic luxury property to be bookable through Hyatt channels. The agreement adds 7,000 rooms and 2.25 million square feet of meeting space to Hyatt's portfolio.

World of Hyatt members will soon be able to earn and redeem loyalty points at the resort, which includes two luxury hotels - The Venetian and The Palazzo. The property recently underwent a $1.5 billion reinvestment, featuring reimagined suites inspired by Venetian Carnival costumes. The partnership aims to expand Hyatt's presence in Las Vegas, a key market experiencing higher group business volume than pre-pandemic levels.

Caption by Hyatt Downtown Nashville has opened its doors in The Gulch neighborhood, marking the second Caption by Hyatt hotel in the U.S. The property features 210 rooms, 2,200 square feet of indoor and outdoor meeting space, and Café Between, an all-day coffee and cocktail lounge. The hotel's design pays homage to the area's railroad heritage through various architectural and decorative elements.

The property includes sustainable features like a rainwater harvesting system and offers technological enhancements such as self-service check-in kiosks and digital room keys. World of Hyatt members can save up to 25% on stays through May 31, 2025. The hotel is co-owned by HRI Hospitality, C.B. Ragland, and Peachtree Hotel Group, and operated by HRI Lodging.

Hyatt Hotels (NYSE: H) announced plans to open over 50 luxury and lifestyle hotels worldwide by 2026, showcasing its ambitious growth strategy at ILTM Cannes. The company has expanded its luxury portfolio by 28 hotels in the past three years and doubled its luxury room count since 2017, with 70% of global rooms now categorized as luxury and upper upscale.

The company has also quintupled its lifestyle rooms since 2017, adding 28 lifestyle hotels in 2024 alone. This growth was bolstered by the recent acquisition of Standard International and the creation of a new Lifestyle group headquartered in New York City. Notable upcoming openings include Miraval the Red Sea, Park Hyatt Kuala Lumpur, and Andaz Miami Beach.

Rio Hotel & Casino Las Vegas has officially joined the Destination by Hyatt brand, completing phase one of its $340 million transformation. As the largest property in Hyatt's global portfolio by room count, the renovation included modernizing the 1,500-room Ipanema Tower, introducing six new culinary destinations in the Canteen Food Hall, renovating 220,000 square feet of meeting space, revamping the pool district, and upgrading the casino floor with 500 new slot machines and 30 table games.

Phase two will focus on redesigning the Masquerade Tower guestrooms and public spaces. The property now participates in the World of Hyatt loyalty program, offering members points earning and redemption opportunities.

Grand Hyatt Deer Valley opens today as a premier destination in the newly developed Deer Valley East Village, featuring 436 luxury accommodations including 55 residences. The resort provides direct access to Deer Valley Resort's upcoming expansion with 300+ new skiable acres and 20 new runs, expected to open for the 2024/2025 season.

The property includes nearly 30,000 square feet of event space, multiple dining venues led by Chef Marc Marrone, and amenities such as a heated outdoor pool and three hot tubs. Room rates begin at $799/night this winter. The resort will also feature a spa opening mid-2025 and offers various family-friendly facilities including Camp Hyatt Kids Club.

Hyatt Hotels (NYSE: H) has announced its participation in the Barclays 10th Annual Eat, Sleep, Play, Shop Conference in New York. Adam Rohman, Senior Vice President Investor Relations & Global Financial Planning and Analysis, will deliver a presentation at 9:45 a.m. ET on Tuesday, December 3, 2024. The presentation will be accessible via webcast through Hyatt's investor relations website, with a replay available for 90 days following the event.

Hyatt Hotels announces cyber savings of up to 25% off at over 800 hotels across the Americas, following a survey revealing 85% of consumers prefer travel gifts over physical presents this holiday season. The offer is available for World of Hyatt members when booked by December 9, 2024, for stays between November 21, 2024, and April 20, 2025.

The survey highlights consumer preferences for travel experiences, with 70% seeking relaxation, 66% interested in culinary experiences, and 60% wanting to explore new destinations. The promotion includes various properties from luxury resorts to urban hotels across destinations like Scottsdale, Palm Springs, Cancun, and Vail.

Hyatt Hotels (NYSE: H) has priced a public offering of senior notes totaling $600 million. The offering consists of $150 million in 5.250% senior notes due 2029 (additional to $450 million previously issued) and $450 million in 5.375% senior notes due 2031. The proceeds will be used to repay the company's 5.375% notes due 2025 and for general corporate purposes. The offering, managed by Wells Fargo Securities, Goldman Sachs, and Truist Securities, is expected to close on November 20, 2024.

Grand Hyatt announces significant global expansion with over 10 new hotels planned through 2027, following recent openings in Deer Valley, Barcelona, and Kuwait. The expansion includes notable properties in Grand Cayman, Cancun, Jaipur, Los Cabos, St. Lucia, and Bangalore. Several existing properties are undergoing major renovations, including a $64 million transformation of Grand Hyatt Indian Wells and a $115 million upgrade of Grand Hyatt Scottsdale. The brand focuses on delivering luxury experiences with dramatic architecture, expansive facilities, and world-class amenities in key leisure and business markets.