Hyatt Hotels Stock Price, News & Analysis

World of Hyatt has launched its Bonus Journeys promotion, allowing members to earn 3,000 Bonus Points for every two eligible nights, up to 30 nights, after registering for the offer. This promotion is valid for stays completed between March 20, 2023 and May 26, 2023. Additionally, World of Hyatt Credit Cardmembers can earn an extra 500 Bonus Points per two nights at selected hotels in ten cities, starting with their first stay post-registration. The promotion aims to promote travel and offer members various exciting ways to redeem their points at over 1,200 hotels globally.

Hyatt Hotels Corporation (NYSE: H) reported robust financial results for Q4 and full year 2022, with record cash flow from operations of $674M. Net income surged to $294M in Q4 and $455M for the full year. Adjusted EBITDA reached $232M in Q4, with a notable contribution from Apple Leisure Group (ALG) at $43M. RevPAR increased by 34.8% for Q4 and 60.2% for the full year. Net rooms grew by 6.7%, with a pipeline of 117,000 rooms. The company repurchased 1.15M shares for $106M in Q4. The outlook for 2023 anticipates a 10-15% increase in RevPAR and 6% net rooms growth.

Hyatt Hotels Corporation (NYSE: H) has launched the NUMU Boutique Hotel in San Miguel de Allende, Mexico, marking its first Hyatt property in the city. This addition expands Hyatt's portfolio, now featuring two hotels in Mexico, including Rancho Pescadero in Baja California Sur. The hotel offers 44 luxury rooms designed by Artigas Arquitectos, a wellness spa, and two restaurants promoting local cuisine. San Miguel de Allende, a UNESCO World Heritage Site, is known for its rich history and vibrant culture, providing guests with numerous local experiences.

Hyatt Hotels Corporation (NYSE: H) has announced participation in several upcoming conferences. CFO Joan Bottarini will attend the Wells Fargo 26th Annual Real Estate Securities Conference on February 23, 2023 in New York, NY. She will also present at the Raymond James & Associates 44th Annual Institutional Investors Conference at 1:05 p.m. ET on March 7, 2023 in Orlando, FL, and at the J.P. Morgan Gaming, Lodging, Restaurant, and Leisure Management Access Forum at 9:20 a.m. PT on March 15, 2023 in Las Vegas, NV. Interested individuals can access a webcast of the presentations via the company’s website, with replays available for 90 days.

Hyatt Hotels Corporation (NYSE: H) has completed its acquisition of the Dream Hotel Group, enhancing its lifestyle offerings and accelerating asset-light growth. The deal adds 12 lifestyle hotels to Hyatt's portfolio, including brands such as Dream Hotels, The Chatwal, and Unscripted Hotels. Furthermore, 24 long-term management agreements have been signed for future properties. This acquisition expands Hyatt's presence in key markets including Nashville, Hollywood, and Las Vegas, and integrates over 600 new employees into its operations.

Hyatt Hotels Corporation (NYSE: H) has announced a significant rebranding of the Hyatt Regency Scottsdale Resort & Spa to Grand Hyatt Scottsdale Resort & Spa in late 2024, marking Arizona's first Grand Hyatt hotel. The ownership group, Xenia Hotels and Resorts, will invest approximately $110 million for extensive renovations, enhancing guestrooms, public areas, and expanding event spaces. Renovations are set to commence in early summer 2023 while keeping the hotel operational. Hyatt aims to create an elevated guest experience, with luxurious features that align with the Grand Hyatt brand's global standards.

Hyatt Hotels Corporation (NYSE: H) has been recognized in the 2023 Institutional Investor All-America Executive Team for its excellence in investor relations and leadership. The company ranked among the top three midcap firms in the Gaming & Lodging category for several accolades, including Best Investor Relations Program and Best CEO for Mark Hoplamazian. This recognition underscores Hyatt’s commitment to enhancing shareholder value and reflects its performance in financial disclosure and communication, as determined by surveys of 3,500 industry professionals. Hyatt's diverse portfolio includes over 1,200 properties worldwide, emphasizing its ongoing growth and market presence.

Hyatt Hotels Corporation (NYSE: H) has announced a new franchise agreement with FP Global (Private) Limited to develop the Hyatt Regency Lahore DHA, marking the first Hyatt-branded hotel in Pakistan. The 94-room hotel, located in Defence Housing Authority Phase 6, is set to open in 2024, enhancing Hyatt's presence in Southwest Asia. The hotel will feature six dining outlets, fitness centers, swimming pools, and 8,600 square feet of event space. Its proximity to Allama Iqbal International Airport will attract both business and leisure travelers, positioning it as a key player in Lahore's hospitality sector.