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 (H) is a leading global hospitality company managing a portfolio of 20+ distinctive brands across luxury, lifestyle, and resort segments. This news hub provides investors and industry observers with verified corporate updates and financial developments.
Access timely reports on earnings announcements, property acquisitions, management changes, and strategic partnerships. Our curated collection includes official press releases alongside third-party analysis of Hyatt's market position in the Americas, Asia-Pacific, and EMEA regions.
Key coverage areas include portfolio expansions, sustainability initiatives, and operational innovations across Hyatt's managed and franchised properties. Bookmark this page for updates on how the company navigates evolving travel trends through its Inclusive Collection and World of Hyatt loyalty program.
Hyatt Hotels (NYSE: H) reported strong second quarter 2024 results, demonstrating continued momentum and differentiated positioning. Key highlights include:
- Comparable system-wide hotels RevPAR increased 4.7% compared to Q2 2023
- Net Income was $359 million; Adjusted Net Income was $158 million
- Diluted EPS was $3.46; Adjusted Diluted EPS was $1.53
- Adjusted EBITDA was $307 million, up 10.1% from Q2 2023
- Net Rooms Growth was 4.6%
- Pipeline of executed management or franchise contracts reached 130,000 rooms
Hyatt's full-year 2024 outlook projects system-wide hotels RevPAR growth of 3.0% to 4.0%, Net Income between $1,055 million and $1,115 million, and Adjusted EBITDA between $1,135 million and $1,175 million. The company also expects to return $800 million to $850 million to shareholders through dividends and share repurchases.
Hyatt Hotels (NYSE:H) has announced plans for its first Hyatt-branded hotel in Belize. The Placencia Resort will enter the Hyatt portfolio as an affiliated hotel before officially joining the Destination by Hyatt brand and World of Hyatt loyalty program in late 2025. Located on the Placencia Peninsula in southern Belize, the resort will undergo a $10 million renovation to offer 90 reimagined guestrooms, suites, and beachfront villas.
The renovation will include enhancements to public areas, a new restaurant, event space, an overwater signature restaurant and bar, and a refreshed pool experience. The resort offers various amenities and activities, including Belize's largest swimming pool, water sports, and guided tours to Mayan archaeological sites. This expansion aligns with Hyatt's growth strategy in the Latin America and Caribbean region.
World of Hyatt has announced an exclusive alliance with Under Canvas, a leader in upscale outdoor hospitality. This partnership allows World of Hyatt members to earn and redeem points for stays at 13 Under Canvas outdoor resorts, including the new luxury ULUM Moab. The alliance provides access to unique experiences near iconic U.S. national parks and outdoor destinations.
Under Canvas offers safari-inspired tents with luxury amenities and complimentary activities. Five of their 'Grand Circle' camps are DarkSky-certified, emphasizing their commitment to minimizing environmental impact. The partnership aims to meet the growing demand for immersive nature experiences while expanding Hyatt's luxury portfolio.
Hyatt Hotels has acquired the 'me and all hotels' brand from Lindner Hotels AG. The acquisition aims to expand Hyatt's presence in Europe and build on its growth in the region. The 'me and all hotels' brand, launched in 2016, features six hotels with over 1,000 rooms and a pipeline of new projects in Berlin, Hamburg, Leipzig, and Stuttgart. It will become a standalone brand within Hyatt's lifestyle portfolio, which has expanded significantly since 2017. The brand's unique appeal lies in its urban design, technology, and vibrant public spaces, targeting city and business travelers.
Hyatt Hotels (NYSE: H) is expanding its presence in New Orleans with two new additions: Maison Métier and The Barnett. Both properties will join Hyatt’s Independent Collection and the World of Hyatt loyalty program this year. Maison Métier, formerly Maison de la Luz, is located in a 1908 Parisian luxury guesthouse and offers 67 lavish guestrooms, and will join The Unbound Collection by Hyatt brand in 2024. The Barnett, formerly Ace Hotel New Orleans, celebrates Art Deco and French Modernism and features a live music venue, will join the JdV by Hyatt brand in 2024. The Domain Companies own the properties, managed by HRI Hospitality. These additions underscore Hyatt's commitment to expanding in key destinations.
Hyatt Hotels (NYSE: H) will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens.
A conference call is scheduled for 9:00 a.m. CT on the same day. The call can be accessed via a webcast on the company's investor relations website or by dialing in using provided U.S. and international toll numbers.
An archive of the webcast will be available for 90 days, and a replay of the call will be accessible for one week starting at 12:00 p.m. CT on August 6, 2024.
Hyatt Hotels has announced a $64 million renovation and rebranding of the Hyatt Regency Indian Wells Resort & Spa to the Grand Hyatt Indian Wells Resort & Villas. Scheduled for completion in September 2024, this Southern California resort will feature redesigned guestrooms, suites, luxury villas, new dining concepts, and a reimagined pool complex.
The rebranding aims to offer an elevated level of hospitality with 531 renovated accommodations, including 39 suites and 43 private villas. The resort will introduce two new restaurants by Chef Angelo Sosa and enhance its pool area with expanded cabanas and new dining options.
Additional amenities include 88,000 square feet of function space, a 30,000-square-foot spa, tennis and pickleball courts, and golf courses. This transformation aims to blend luxury with the serene beauty of Indian Wells, providing a unique experience for guests.
Hyatt Hotels (NYSE: H), a global hospitality leader, announced the pricing of its public offering of senior notes totaling $800 million. The offering includes $450 million of senior notes due 2029 with a 5.25% annual interest rate and $350 million of senior notes due 2034 with a 5.50% annual interest rate. The closing is expected on June 17, 2024, subject to customary conditions. Proceeds will be used to repay Hyatt's 1.800% notes due 2024 and for general corporate purposes. BofA Securities, Deutsche Bank Securities, J.P. Morgan, and Scotiabank are managing the offering.
Hyatt Hotels (NYSE: H) has announced a record pipeline of 129,000 rooms, reflecting 85% growth since 2017. This expansion underscores the brand's strong market presence and strategic growth in lifestyle and resort segments. Hyatt's luxury rooms have doubled, resort rooms tripled, and lifestyle rooms quintupled since 2017. The World of Hyatt loyalty program has also seen substantial growth, with membership up 22% year-over-year, reaching 46 million members globally.
Hyatt's expansion includes notable new openings and rebrandings across various regions, such as the Americas, Europe, Africa, the Middle East, and the Asia Pacific. Key developments include the introduction of the Hyatt Studios brand with over 250 deals in negotiation and the expansion of the Grand Hyatt brand with more than 10 new locations planned in the next two years. The Inclusive Collection also continues to grow, with new properties in Portugal, the Dominican Republic, and Aruba.
Hyatt Hotels (NYSE: H), in collaboration with Interlink and Vivo Beach Club, has announced plans to open the first Hyatt Centric branded hotel in Puerto Rico. The Hyatt Centric San Juan Isla Verde will be located in the vibrant Isla Verde neighborhood and is set to open in 2025 after a $25 million renovation of the former Verdanza Hotel. The hotel will offer 223 guestrooms, a range of amenities including a fitness center, 16,000 sq. ft. of meeting space, a resort-style pool, and various dining options.
Guests will also have complimentary access to the facilities of Vivo Beach Club, which features restaurants, bars, a concert stage, and a microbrewery. Hyatt Centric San Juan Isla Verde aims to provide a local lifestyle experience for both business and leisure travelers. This will mark the sixth Hyatt property in Puerto Rico.
FAQ
What is the current stock price of Hyatt Hotels (H)?
What is the market cap of Hyatt Hotels (H)?
