Welcome to our dedicated page for Hyatt Hotels news (Ticker: H), a resource for investors and traders seeking the latest updates and insights on Hyatt Hotels stock.
Hyatt Hotels Corporation reports news on a hotel platform built around managed, franchised and owned properties across upscale, luxury, lifestyle, wellness, all-inclusive and extended-stay brands. Recurring updates include earnings releases, RevPAR and Net Package RevPAR trends, franchise and other fee performance, room growth, executed management and franchise contracts, and conditions affecting its distribution segment.
Company announcements also cover brand and property additions across names such as Hyatt Studios, Hyatt Regency, Miraval Resorts & Spas, Caption by Hyatt and The Unbound Collection by Hyatt. Other recurring themes include World of Hyatt loyalty initiatives, developer and management relationships, resort and wellness programming, and geographic expansion in U.S. and international hotel markets.
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.
Trinity Investments, along with Oaktree Capital Management and Partners Group, has acquired The Standard, London, a luxury lifestyle hotel featuring 266 rooms and suites. Located in King's Cross, the hotel occupies the Brutalist-style Camden Town Hall Annexe building and includes six food and beverage venues. This acquisition follows Hyatt's recent purchase of Standard International, which includes The Standard and Bunkhouse Hotel brands. The deal marks Trinity's second European asset, with the firm investing over €550 million in European hotels, establishing itself as a leading acquirer of single asset hotels in Europe in 2024.
World of Hyatt and Headspace have launched a new exclusive video series, 'Headspace's Science Behind Sleep,' available in nearly 400 Hyatt hotels and the Headspace app from November 14. The five-episode series, filmed at Park Hyatt Aviara Resort, features tips from Headspace's meditation expert Dora Kamau and sleep expert Dr. Aric Prather. The initiative responds to a survey showing three-in-four consumers prioritize sleep quality while traveling. Episodes cover topics like jet lag management, bedtime routines, dietary choices, night-time wake-ups, and morning sunlight benefits.
Hyatt Hotels announced plans to open Hotel La Compañía del Valle in Valle de Anton, Panama, in early 2025. The property will join The Unbound Collection by Hyatt as an art and wellness house, featuring a unique sculpture park with 200 pieces. Located 50 miles west of its sister hotel, the property will offer 70 rooms and suites, an 18,000 sq.ft. spa, and various outdoor activities. The hotel, situated 2,000 ft. above sea level in an extinct volcanic crater, will include three distinctive dining concepts and meeting spaces. The development marks the first international-branded hotel in Panama's countryside.
Grand Hyatt Scottsdale Resort has completed a $115 million property-wide renovation, marking the first Grand Hyatt in Arizona. The former Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch now features 496 updated accommodations, including 18 luxury Casitas and the ultra-luxe Gainey House. The renovation includes six new dining experiences led by celebrity chef Richard Blais, a 2.5-acre pool complex with 10 swimming pools, an upgraded Spa Avania, and expanded meeting spaces. The resort will debut a new 24,000-square-foot Arizona Ballroom in January 2025, bringing the total function space to 90,000 square feet.
Hyatt Hotels reported solid Q3 2024 results with Net Income of $471 million and Adjusted EBITDA of $275 million. System-wide hotels RevPAR increased 3.0% compared to 2023. The company's pipeline reached a record of approximately 135,000 rooms, growing 10% year-over-year. World of Hyatt membership expanded to 51 million members, up 22%. The company completed its 2021 asset-disposition commitment, acquired Standard International, and announced plans for a joint venture to manage Bahia Principe hotels. Full-year 2024 guidance projects Net Income between $1,400-$1,450 million and Adjusted EBITDA of $1,100-$1,120 million.