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 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.
Hyatt Hotels has announced a $64 million renovation and rebranding of the Hyatt Regency Indian Wells Resort & Spa to the Grand Hyatt Indian Wells Resort & Villas. Scheduled for completion in September 2024, this Southern California resort will feature redesigned guestrooms, suites, luxury villas, new dining concepts, and a reimagined pool complex.
The rebranding aims to offer an elevated level of hospitality with 531 renovated accommodations, including 39 suites and 43 private villas. The resort will introduce two new restaurants by Chef Angelo Sosa and enhance its pool area with expanded cabanas and new dining options.
Additional amenities include 88,000 square feet of function space, a 30,000-square-foot spa, tennis and pickleball courts, and golf courses. This transformation aims to blend luxury with the serene beauty of Indian Wells, providing a unique experience for guests.
Hyatt Hotels (NYSE: H), a global hospitality leader, announced the pricing of its public offering of senior notes totaling $800 million. The offering includes $450 million of senior notes due 2029 with a 5.25% annual interest rate and $350 million of senior notes due 2034 with a 5.50% annual interest rate. The closing is expected on June 17, 2024, subject to customary conditions. Proceeds will be used to repay Hyatt's 1.800% notes due 2024 and for general corporate purposes. BofA Securities, Deutsche Bank Securities, J.P. Morgan, and Scotiabank are managing the offering.
Hyatt Hotels (NYSE: H) has announced a record pipeline of 129,000 rooms, reflecting 85% growth since 2017. This expansion underscores the brand's strong market presence and strategic growth in lifestyle and resort segments. Hyatt's luxury rooms have doubled, resort rooms tripled, and lifestyle rooms quintupled since 2017. The World of Hyatt loyalty program has also seen substantial growth, with membership up 22% year-over-year, reaching 46 million members globally.
Hyatt's expansion includes notable new openings and rebrandings across various regions, such as the Americas, Europe, Africa, the Middle East, and the Asia Pacific. Key developments include the introduction of the Hyatt Studios brand with over 250 deals in negotiation and the expansion of the Grand Hyatt brand with more than 10 new locations planned in the next two years. The Inclusive Collection also continues to grow, with new properties in Portugal, the Dominican Republic, and Aruba.
Hyatt Hotels (NYSE: H), in collaboration with Interlink and Vivo Beach Club, has announced plans to open the first Hyatt Centric branded hotel in Puerto Rico. The Hyatt Centric San Juan Isla Verde will be located in the vibrant Isla Verde neighborhood and is set to open in 2025 after a $25 million renovation of the former Verdanza Hotel. The hotel will offer 223 guestrooms, a range of amenities including a fitness center, 16,000 sq. ft. of meeting space, a resort-style pool, and various dining options.
Guests will also have complimentary access to the facilities of Vivo Beach Club, which features restaurants, bars, a concert stage, and a microbrewery. Hyatt Centric San Juan Isla Verde aims to provide a local lifestyle experience for both business and leisure travelers. This will mark the sixth Hyatt property in Puerto Rico.
Hyatt Hotels (NYSE: H) announced plans to open over 30 new hotels in Latin America & the Caribbean by 2027. The expansion includes new luxury, resort, and lifestyle properties in sought-after destinations. The company's growth strategy focuses on meeting traveler demands and providing unforgettable experiences. Hyatt's brand presence in the region reflects its commitment to guest satisfaction and brand expansion through innovative offerings.
Hyatt Hotels reported its first quarter 2024 results, with highlights including a 5.5% increase in comparable system-wide hotels RevPAR, 11% increase in Net Package RevPAR for all-inclusive resorts, and $522 million in Net Income. The company repurchased shares, projected full-year RevPAR growth of 3% to 5%, and expects Net Income between $1,135 million and $1,195 million for 2024.
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