Hyatt Hotels Stock Price, News & Analysis

Hyatt Hotels Corporation (NYSE: H) has launched the luxury hotel Thompson Hollywood, located on Wilcox Avenue near Hollywood and Vine. This 11-story hotel features 190 rooms, including 16 suites, and offers a restaurant by chef Lincoln Carson, along with a rooftop lounge, Bar Lis, boasting stunning city views. The design reflects a blend of West Coast Modernism and Hollywood glamour. With rates starting at $399 per night, this hotel is anticipated to enhance the appeal of Hollywood as a prime hospitality destination.

Hyatt reported a reduced net loss of $9 million, or $0.08 per diluted share, in Q2 2021, an improvement from a loss of $236 million in Q2 2020. Adjusted EBITDA rose to $55 million, showing recovery as leisure travel demand surged, specifically in the U.S. and Greater China. Comparable system-wide RevPAR increased to $72.47, though down 49.8% from Q2 2019. Cash and short-term investments totaled $1,737 million as of June 30, 2021, reflecting strong liquidity. Hyatt continues to expand, opening 100 properties and reporting a 7.1% net rooms growth over the past year.

Hyatt Hotels Corporation (NYSE: H) announced the opening of its first property in Georgia, Thompson Savannah, located at Eastern Wharf along the Savannah River. This new hotel features 193 rooms, including 21 suites, with designs highlighting Savannah's history and modern aesthetics. Thompson Savannah offers a range of amenities, including a pool deck, event space, and a restaurant collection led by executive chef Robert Newton. The hotel focuses on guest safety through its Global Care & Cleanliness Commitment. Reservations can be made via phone or the hotel's website.

Hyatt Hotels Corporation (NYSE: H) continues to expand its luxury and lifestyle portfolio, projecting over 35 new property openings through 2022. This growth aligns with a noted 78% of consumers eager to travel post-2020 stress. Hyatt’s brands such as Alila, Andaz, and Thompson Hotels aim to offer unique experiences that reflect local cultures. The company emphasizes enhanced safety and wellbeing initiatives for guests. Notable openings in 2021 include Alila Marea Beach Resort and Andaz Bali, highlighting Hyatt's commitment to meet the demand for authentic leisure travel experiences.

Hyatt Hotels Corporation (NYSE: H) will announce its Q2 2021 financial results on August 3, 2021, after market close. A conference call is scheduled for August 4, 2021, at 9:00 a.m. CT, accessible via the Company’s investor website. A replay will be offered later that day and available until August 11, 2021. Hyatt operates over 1,000 properties globally, focused on providing exceptional hospitality under various renowned brands. The Company emphasizes caring for people, aiming to foster strong relationships with guests and employees.

The World of Hyatt has announced the return of its Bonus Journeys promotion, allowing members to earn triple points on stays of two or more qualifying nights. Members must register by August 20, 2021, for eligible stays from July 20 to September 15, 2021. Participants can earn up to 120,000 Bonus Points during this period. Offers also include various valuable promotions, enhancing travel experiences for members eager to explore again after travel restrictions.

Hyatt Hotels Corporation (NYSE: H) has announced the addition of Hotel Figueroa to The Unbound Collection by Hyatt brand in downtown Los Angeles. This historic hotel, known for its unique story and luxurious offerings, first opened in 1926 as a women’s hostelry. Hotel Figueroa is now the first hotel in L.A. and third in California to join the collection, which features 27 distinctive properties worldwide. The hotel maintains its rich heritage while providing modern amenities and is set to introduce innovative dining experiences in 2021.

Hyatt Hotels Corporation (NYSE:H) and Bilt Rewards have announced a strategic collaboration, enabling nearly 109 million U.S. renters to earn points on rent payments. These points can be converted to World of Hyatt points at a 1:1 ratio, allowing for redemption at over 1,000 Hyatt properties globally. The partnership aims to enhance the value of rent payments, transforming them into opportunities for travel and unique experiences. This initiative aligns with Bilt's mission to reward renters and promote financial growth through loyalty programs.

Hyatt is gearing up for summer travel with enticing tips and special offers aimed at helping travelers explore new destinations. Over 850 participating Hyatt hotels are providing a 'choose your adventure' offer for stays booked by July 30, 2021, which includes either a free night or discounts of 10% to 25%. New hotel openings include Hyatt Centric Beale Street Memphis, Mission Pacific Hotel, and Thompson San Antonio. Additionally, Hyatt enhances guest experiences with wellness amenities and curated group offers for family reunions, promoting both relaxation and adventure.