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.
World of Hyatt and Peloton have announced a collaboration that allows World of Hyatt members to earn points for completing Peloton workouts at 700+ participating Hyatt hotels worldwide. Members can earn 100 Bonus Points per completed workout on up to 10 qualifying workouts of at least 20 minutes per month, with the potential to earn up to 12,000 Bonus Points per year. This initiative makes World of Hyatt the first loyalty program to reward members for Peloton workouts on property globally.
The collaboration also offers special benefits for World of Hyatt Credit Cardmembers, including 2X Bonus Points per $1 USD spent on Peloton equipment and subscriptions. Additionally, World of Hyatt members can enjoy discounts on Peloton equipment and extended free trials for the Peloton App One Membership. The partnership aims to enhance guests' wellbeing routines while traveling and provide more opportunities to earn points towards future bookings, upgrades, and experiences.
Hyatt Hotels (NYSE:H) has welcomed Cheyenne Mountain Resort to its Destination by Hyatt brand, expanding its portfolio of true-to-place experiences. Located in Colorado Springs, the resort features 316 guestrooms and suites nestled in the Rocky Mountains, offering immersive outdoor experiences and local touches.
The resort boasts 100,000 square-feet of indoor and outdoor space, including five swimming pools, 16 tennis courts, eight pickleball courts, and an 18-hole Pete Dye-designed golf course. It also features a 9,000-square-foot fitness center and the Alluvia Spa and Wellness Retreat.
For events and meetings, Cheyenne Mountain Resort offers 40,000 square-feet of versatile space with 38 meeting rooms, accommodating up to 600 attendees. The resort's dining experiences, led by Executive Chef James Wilson, showcase locally sourced ingredients and Colorado Springs' flavors.
The Destination by Hyatt brand has introduced the 'Roots to Reunion' program, available through April 2025 at participating resorts. This initiative, part of the 'Discover Differently' campaign, aims to redefine multigenerational family vacations by offering tailored travel experiences. The program features:
1. A dedicated 'Family Travel Expert' to guide families
2. Curated itineraries capturing each destination's essence
3. A 'Reunion Ready Kit' with location-specific items
Available at six global resorts, including locations in California, Hawaii, Scotland, Washington, Vermont, and South Carolina, the program addresses the challenges of planning multigenerational trips. It offers personalized experiences to help families reconnect and explore destinations like locals, with activities ranging from skiing to beach relaxation.
Hyatt Hotels (NYSE: H) announced significant growth in its select service pipeline, with a ~25% increase in the Americas over the past three years. As of June 30, 2024, this segment represents over 50% of Hyatt's total pipeline in the Americas. Hyatt is evolving its select service brands, focusing on operational efficiency and profitability:
1. Caption by Hyatt: Refreshed approach with increased market flexibility, more efficient food and beverage model, and evolved prototype design.
2. Hyatt Studios: Over 4,000 pipeline rooms and 250 deals in negotiation, with openings slated for 2025 and 2026.
3. Hyatt House and Hyatt Place: Undergoing upgrades driven by owner and guest feedback, focusing on reducing build cost and improving operational efficiency.
The World of Hyatt loyalty program continues to drive direct business growth, with a 50% year-over-year increase in direct booked nights from existing members engaging with recent promotions.
Hyatt Hotels (NYSE: H) has announced the timing for its third quarter 2024 earnings release and investor conference call. The company will release its financial results on Thursday, October 31, 2024, before the stock market opens. This will be followed by a conference call at 9:00 a.m. CT.
Investors and interested parties can participate in the call through various means:
- A simultaneous webcast accessible through the company's website at investors.hyatt.com
- Live call-in options with dial-in numbers provided for both U.S. and international participants
- A replay of the call available for one week starting from October 31, 2024, at 12:00 p.m. CT
Participants are advised to dial into the call at least fifteen minutes before the scheduled start time to ensure timely access.
Hyatt Hotels (NYSE: H) has completed the acquisition of Standard International, including The Standard and Bunkhouse Hotels brands. This asset-light portfolio adds 22 open hotels with about 2,000 rooms and over 30 future projects. Key properties include The Standard, London, The Standard, High Line in New York City, and The Manner in SoHo.
The acquisition enhances Hyatt's position in the lifestyle segment, building on organic growth and previous acquisitions that increased lifestyle rooms fivefold between 2017 and 2023. Hyatt plans to create a dedicated Lifestyle group based in New York City, led by Amar Lalvani as President & Creative Director.
Hyatt's portfolio growth has led to a tripling of World of Hyatt members since 2017, with room night penetration increasing by over 1,300 basis points. The company aims to align internal resources to better serve guests, customers, and owners across its entire portfolio.
Hyatt Hotels (NYSE: H) is expanding its luxury and lifestyle brand footprint across the Americas with over 20 planned openings through 2025. The growth includes new properties in the U.S., Canada, Mexico, Latin America, and the Caribbean, entering new regional markets. Since 2017, Hyatt has doubled its luxury rooms, tripled resort rooms, and quintupled lifestyle rooms globally.
Key developments include:
- The first Andaz hotel in Florida
- Debut of Hyatt Centric brand in Costa Rica
- First Grand Hyatt properties in Arizona and Utah
- Planned acquisition of Standard International, enhancing Hyatt's lifestyle portfolio
The expansion aligns with Hyatt's focus on high-end travelers seeking experiential luxury, resort, and lifestyle stays. The company is also enhancing its World of Hyatt loyalty program with new benefits and partnerships.
Hyatt Hotels (NYSE: H) has announced the opening of Hyatt Centric Delfina Santa Monica, marking the brand's sixth hotel in California and the 101st Hyatt hotel in the state. The property, formerly Le Méridien Delfina Santa Monica, is located near iconic attractions like Santa Monica Pier and Venice Beach Boardwalk. It will continue to be managed by Viceroy Hotel Group and is now part of the World of Hyatt loyalty program.
The hotel is set to undergo a $16 million refurbishment, which will include updates to its 315 guest rooms, dining facilities, and nearly 15,000 sq. ft. of meeting space. The refresh will begin this fall and will be phased to minimize disruption. This opening aligns with Hyatt's focus on expanding its presence in the leisure and lifestyle segment, particularly in key markets like Los Angeles.
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.
FAQ
What is the current stock price of Hyatt Hotels Corporation (H)?
What is the market cap of Hyatt Hotels Corporation (H)?
What is Hyatt Hotels Corporation?
What are some of Hyatt’s well-known brands?
How is Hyatt's portfolio distributed globally?
What significant acquisitions has Hyatt made recently?
How does Hyatt's ownership structure of properties look?
What is Hyatt's primary business focus?
Where is Hyatt Hotels Corporation headquartered?
What are Hyatt's vacation brands?
What is the operational mix of Hyatt properties?
What is the company's purpose?
