Hyatt Hotels Stock Price, News & Analysis

Hyatt Hotels Corporation (NYSE: H) has announced the opening of its first Hyatt Centric hotel in the Middle East, the Hyatt Centric Jumeirah Dubai. Situated in the vibrant La Mer district, this seven-story hotel features 173 sophisticated rooms designed to reflect local culture. Guests can explore nearby attractions such as Burj Khalifa and Dubai Mall. The hotel boasts a variety of dining options, meeting spaces, a temperature-controlled pool, and beach access. This opening marks an expansion in Hyatt's portfolio, which includes over 1,000 properties worldwide as of September 30, 2021.

Hyatt Hotels Corporation (NYSE: H) announced plans for seven new luxury hotels in Europe and the Middle East during ILTM Cannes. This follows the previously announced opening of 24 luxury properties by 2023, enhancing Hyatt's luxury brand offerings in key markets. The company aims to tap into the recovery of leisure travel, catering to high-end travelers through a diverse portfolio. Notably, new hotels include Magma Resort Santorini and Thompson Madrid, with openings slated from mid-2022 to 2025.

Hyatt Hotels Corporation (NYSE: H) has introduced a new innovative contactless key technology allowing guests to use their iPhone or Apple Watch to unlock rooms securely. Initially available at six U.S. hotels, this advancement aims to enhance guest convenience and security. Guests can easily access their rooms and common areas without traditional keys, improving the overall experience. This strategic collaboration with Apple positions Hyatt as the first hotel brand to offer Apple Wallet room keys, a move expected to expand across its global portfolio.

Hyatt announces its Bonus Journeys promotion for 2022, inviting members to earn 2,022 Bonus Points for every two qualifying nights booked between January 15 and April 20. Registration is open until March 15. Additionally, World of Hyatt Credit Card holders can earn an extra 1,000 Bonus Points per stay at participating hotels in 10 U.S. cities. Stays made at over 1,000 Hyatt properties worldwide are eligible, excluding AMR Collection Resorts. Points can be redeemed for free nights and other rewards, enhancing the overall travel experience.

Hyatt Hotels Corporation (NYSE: H) has launched a new beverage program called Zero Proof, Zero Judgment, offering sophisticated non-alcoholic drink options in many of its U.S. hotels. This initiative, which started in August 2021, features products from Ritual Zero Proof and Fever-Tree. The program responds to a growing demand, with 52% of Americans attempting to reduce alcohol consumption. Nearly 50% of travelers prefer non-alcoholic beverages over traditional drinks, highlighting a shift towards wellness-conscious offerings.

Hyatt Hotels Corporation (NYSE: H) recognized 32 owners, operators, and developers at its 2021 America Owners Conference in Huntington Beach, California. The awards celebrated operational excellence and hotel performance in 2020 and 2021. Jim Chu, Executive Vice President, emphasized Hyatt's growth strategy and relationships within the industry. The awards acknowledged various categories, including Developer of the Year, Strategic Partner, and Best New Property, highlighting numerous significant projects and renovations that underscore Hyatt's expansion and commitment to quality.

Hyatt Hotels Corporation (NYSE: H) has launched the Culture Lives Here campaign in celebration of the 20th anniversary of Thompson Hotels. This initiative focuses on fostering local culture through collaborations with 'culture shifters' across 13 locations in the U.S. and Mexico. Renowned individuals like architect Arielle Assouline-Lichten, fashion designer Charles Harbison, and graffiti artist Defer are involved in curated installations and events, showcasing the brand's commitment to elevate art, music, and design.

Hyatt Hotels Corporation reported strong third-quarter 2021 results, showcasing a net income of $120 million, up from a loss of $161 million in the same quarter of 2020. Adjusted EBITDA reached $110 million, double that of the previous quarter. Notably, net rooms grew by 6.9%. Leisure travel demand is rebounding, with RevPAR showing sequential improvement. The acquisition of Apple Leisure Group is positioned to enhance Hyatt's luxury portfolio as it aims for 80% fee-based earnings by 2024.