Hyatt’s Growth Momentum Continues With Record Global Pipeline of 129,000 Rooms
Growth in lifestyle and resort segments, and the new upper-midscale Hyatt Studios brand, further expands Hyatt’s footprint in new markets while deepening World of Hyatt member loyalty and attracting new guests
“Hyatt’s ability to lead the industry in net rooms growth for seven years is a result of our unique approach to development," said
Additionally, the award-winning World of Hyatt loyalty program has quadrupled its membership since 2017 and is up 22% as of the end of the first quarter of 2024 compared to the same period last year, reaching 46 million members globally. World of Hyatt also has 30 percent more members per hotel than its larger competitors.
Lifestyle brands fueling growth, introducing Hyatt to new markets and new guests
Consumers continue to prioritize discretionary spending on experiences with leisure travel demand remaining resilient. Lifestyle hotels create a holistic experience that excites the senses with food and beverage, art, music and programming that is constantly evolving, presenting an enticing proposition for consumers. Hyatt’s upcoming lifestyle property openings and rebrandings include:
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The Bentley Hotel Southampton (now open) After undergoing a full renovation, the property will be the first Hyatt-branded hotel in the Hamptons when it joins the JdV by Hyatt brand in September. -
Thompson Palm Springs (expected to open inSeptember 2024 ) will debut a collection of 168 bungalow-inspired guest rooms and suites in the heart of the city’s design district. The highly anticipated hotel is accepting reservations for stays beginningSeptember 5, 2024 , and will feature spirited dining concept, Lola Rose Grand Mezze and HALL Napa Valley’s inaugural tasting room. -
Andaz Miami Beach
(expected to open by end of 2024), previously The Confidante
Miami Beach , will be the first Andaz hotel inFlorida and is undergoing a property-wide multi-million-dollar redesign. The fully reimagined resort will offer guests new immersive dining experiences by the José Andrés Group. -
Thompson Miami Beach (expected to open in late 2024) will overlookSoundscape Park and feature a rooftop pool, restaurant, and bar, in an iconic exterior conceptualized by renowned French architectRudy Ricciotti and designer AtelierGulla Jonsdottir . -
The Legend Paracas Resort (expected to open in 2024) will join the Destination by Hyatt brand in 2024 marking the introduction of the brand inSouth America . Located on the coast ofPeru about three hours south ofLima , the resort is nestled between the Paracas Natural Reserve and thePacific Ocean , offering panoramic views ofParacas Bay and rugged desert hills. -
The
Digby (expected to open in 2025) will be the first property to join The Unbound Collection by Hyatt brand inGeorgia and will be located on Savannah’sEllis Square , steps from attractions including City Market,River Street , and world-class shopping and dining. -
Hyatt Centric San Juan Isla Verde
(expected to open in 2025) will be the first Hyatt Centric branded hotel in
Puerto Rico , located in the buzzyIsla Verde neighborhood, one block away fromIsla Verde Beach and walking distance to restaurants, shopping, historical landmarks and nightlife. -
Andaz Turks & Caicos at
Grace Bay (expected to open in 2026) will mark the first Hyatt hotel on the island of Turks & Caicos and the first Andaz hotel in theCaribbean . The 5.5+ acre resort will offer three restaurants and bars, an elevated rooftop venue and full array of lifestyle amenities. -
Thompson Monterrey (expected to open in 2026) will be the first urban
Thompson Hotel property inMexico . The hotel will be part of Torre IKON, a mixed-use 31-story tower set to be one of the most iconic high-rise buildings in the San Pedro Garza García neighborhood.
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me and all Berlin
East Side (expected to openAugust 2024 ) represents one of the first deals withLindner Hotel Group following the collaboration agreement inOctober 2022 . Featuring 223 guest rooms, me and all BerlinEast Side will be a part of the JdV by Hyatt collection. -
Hyatt Centric
Cairo West (expected to open late 2024) will be the second Hyatt hotel inCairo and boast 301 rooms in the city’s western end, close to major business hubs and key tourist attractions. -
Andaz Doha
(expected to open late 2024), a 312-room hotel nestled in the prestigious
West Bay area of the city will mark the first Andaz branded hotel inQatar . -
Thompson Rome (expected to open in mid-2025) will be a 70-room property situated in the heart of Rome. It will be the first Thompson branded hotel inItaly and located in the historic building that once housed theItalian Communist Party . -
Thompson Seville (expected to open in 2026) will be the first Hyatt hotel inSeville and the fourth planned Thompson branded hotel inEurope .
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Andaz One Bangkok
(expected to open in 2025) marks the first Andaz branded hotel in
Bangkok and will be a part of the prestigious One Bangkok, Thailand’s largest integrated development in a central business district. -
Thompson Shanghai Expo
(expected to open in Q2 2025) will be the first Thompson branded hotel in
Asia Pacific and will be at ExpoPark Shanghai , an ideal location for business travelers, trade show attendees, and leisure travelers alike. -
The Caption by Hyatt brand has just made its debut in
Asia Pacific with the opening of Caption by Hyatt Zhongshan Park Shanghai inChina this April, and will further expand its presence in severalAsia Pacific markets with the launch of Caption by Hyatt Namba Osaka inJapan (expected to open inJune 2024 ), as well as the openings in 2025 of Caption by Hyatt Ba Son Saigon inVietnam ,,Caption by Hyatt Kabutocho Tokyo inJapan , and Caption byHyatt Sydney Capitol Square inAustralia . -
The Hyatt Centric brand continues its growth with openings including Hyatt Centric Ocean Front Xiamen in
China (expected to open in early 2025), Hyatt Centric City CentreKuala Lumpur inMalaysia (2025), Hyatt Centric Electronic CityBangalore inIndia (early 2026) and Hyatt Centric Sapporo inJapan (2026).
Additionally in the
Hyatt Studios brand accelerates growth with more than 250 deals and the groundbreaking of second location
The Hyatt Studios brand, Hyatt’s entry into the upper-midscale extended-stay segment, now has over 250 deals in various stages of negotiation, including with several owners who have either signed or are in negotiation to sign development rights agreements for five or more locations each. The brand just celebrated the second
Setting the brand apart from its competition, each
With over 3,000 rooms in the pipeline,
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Hyatt Studios
Barrie, Ontario (Canada ) -
Hyatt Studios Front
Royal (Virginia) -
Hyatt Studios Oxford (
Mississippi ) -
Hyatt Studios
Chesapeake (Virginia) - Hyatt Studios Charlottesville (Virginia)
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Hyatt Studios Jacksonville Town Center (Florida ) -
Hyatt Studios Billings (
Montana ) -
Hyatt Studios El Centro (
California ) -
Hyatt Studios Lehigh Valley (Pennsylvania ) -
Hyatt Studios Pooler Savannah Airport (Georgia ) - Hyatt Studios Harrisonburg (Virginia)
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Hyatt Studios Ridgeland (
Mississippi )
Known for its world-class dining, luxurious spas, fitness centers, bold architecture and captivating settings for meetings and events, the
Rebrands & Renovations:
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Grand Hyatt Indian Wells Resort & Villas (expected to rebrand inSeptember 2024 ) will rebrand fromHyatt Regency Indian Wells Resort & Spa after an extensive$60 million renovation, including transformed guest rooms, suites, and luxury villas, as well as new restaurant concepts and an enhanced pool experience. -
Grand Hyatt Scottsdale Resort (expected to rebrand in late 2024) will be the firstGrand Hyatt hotel inArizona after undergoing a$110 million renovation to transform and rebrand fromHyatt Regency Scottsdale Resort & Spa atGainey Ranch . - Grand Hyatt Singapore is slated to reopen in phases from Q3 2024 following extensive renovations.
New Builds:
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Grand Hyatt Kunming
(expected to open
August 2024 ) – a 331-room property located in the capital and largest city ofYunnan Province ,China , just steps away from iconic landmarks like the Golden Horse and Jade Rooster Archway. -
Grand Hyatt Deer Valley (expected to open in late 2024) will mark the debut of the Grand Hyatt brand inUtah and will be located at the famedDeer Valley Resort in the highly anticipatedDeer Valley East Village . -
Grand Hyatt Grand Cayman Hotel & Residences (expected to open in 2025) will mark the firstGrand Hyatt branded hotel in theCayman Islands and offer 351 guestrooms and nearly 10,000 sq. ft of indoor meeting space ideally situated on Grand Cayman’s famous Seven Mile Beach. -
Grand Hyatt Mexico City Santa Fe
(expected to open in 2025) – this 275-room hotel will be the first urban
Grand Hyatt property inMexico and the secondGrand Hyatt hotel in the region. -
Grand Hyatt
The Red Sea (expected to open in 2025) – this 430-room hotel will be the firstGrand Hyatt property onShaura Island , the hub of the ambitiousRed Sea Project on Saudi Arabia’s west coast. -
Grand Hyatt Los Cabos
(expected to open in 2026) will mark the first
Grand Hyatt hotel in Mexico’sBaja California Sur , situated within the OLEADA Pacific Living & Golf private resort community. This property will offer 1,200 acres of luxury experiences with approximately 20,000 sq ft of indoor meeting space in addition to an outdoor event lawn and a world-class 18-hole golf course designed by Golf Hall of Famer,Ernie Els . -
Grand Hyatt St. Lucia (expected to open in 2026) will offer 345 rooms and be the firstGrand Hyatt hotel on the island. The property will feature more than 20,000 sq ft of meeting space to accommodate meetings and events of any size.
Hyatt’s Inclusive Collection creates more travel opportunities for leisure guests, groups, and World of Hyatt members in new markets
Hyatt’s Inclusive Collection delivers unparalleled experiences with the luxuries and conveniences offered by an all-inclusive. As of the end of Q1, Hyatt’s Inclusive Collection resorts grew to approximately 41,412 rooms across 124 properties, further enhancing Hyatt’s position as the world’s largest portfolio of luxury branded rooms in resort locations. With 10 distinct brands providing personalized hospitality through exceptional service, immersive dining, and more, the collection continues to expand in new and exciting destinations.
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Dreams Madeira Resort Spa & Marina (expected to open in 2024) will mark the entry of Hyatt’s Inclusive Collection intoPortugal and feature 366 guestrooms, ranging from standard rooms to luxury villas, as well as an onsite private beach and marina. -
Secrets Playa
Esmeralda Punta Cana (expected to open in 2024) – situated on the northeast coast of theDominican Republic in Miches, this intimate, adults-only resort will feature nine gourmet dining options, including six à la carte restaurants, a buffet, a cafe, a grill by the pool, beach, and a private lounge forPreferred Club guests. -
Secrets Baby Beach Aruba
(expected to open in 2025) – this adults-only resort will mark the debut of Hyatt’s Inclusive Collection on the island. Situated alongside
Baby Beach , a popular white-sand lagoon close toSan Nicolas , the resort will boast architecture that blends into the landscape, offering stunning views of the region.
To learn more about Hyatt’s development projects, visit: https://www.hyatt.com/development/
The term “Hyatt” is used in this release for convenience to refer to
About
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, outlook, the number of properties we expect to open in the future and the expected timeline for such openings, the growth of the World of Hyatt loyalty program, pipeline growth and overall growth expectations for 2024 and beyond, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute our strategy to expand our management and hotels services and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotels services or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and
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