Hyatt Hotels Stock Price, News & Analysis

Hyatt Hotels (NYSE: H) announced plans to open over 50 luxury and lifestyle hotels worldwide by 2026, showcasing its ambitious growth strategy at ILTM Cannes. The company has expanded its luxury portfolio by 28 hotels in the past three years and doubled its luxury room count since 2017, with 70% of global rooms now categorized as luxury and upper upscale.

The company has also quintupled its lifestyle rooms since 2017, adding 28 lifestyle hotels in 2024 alone. This growth was bolstered by the recent acquisition of Standard International and the creation of a new Lifestyle group headquartered in New York City. Notable upcoming openings include Miraval the Red Sea, Park Hyatt Kuala Lumpur, and Andaz Miami Beach.

Rio Hotel & Casino Las Vegas has officially joined the Destination by Hyatt brand, completing phase one of its $340 million transformation. As the largest property in Hyatt's global portfolio by room count, the renovation included modernizing the 1,500-room Ipanema Tower, introducing six new culinary destinations in the Canteen Food Hall, renovating 220,000 square feet of meeting space, revamping the pool district, and upgrading the casino floor with 500 new slot machines and 30 table games.

Phase two will focus on redesigning the Masquerade Tower guestrooms and public spaces. The property now participates in the World of Hyatt loyalty program, offering members points earning and redemption opportunities.

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.