Expanding footprint of luxury and lifestyle
hotels and resorts sees Hyatt’s brands entering new markets across
the region, offering unique experiences to guests, World of Hyatt
members and customers
Hyatt Hotels Corporation (NYSE: H) today announced plans for the
continued growth of its brand portfolio in Asia Pacific with a
robust pipeline of landmark luxury and lifestyle hotels and resorts
that are expected to open in late 2022 and 2023, ideally timed to
coincide with the emerging rebound of leisure travel in the region.
This includes the strategic entry of several brands into new
markets, such as the arrival of The Unbound Collection by Hyatt
brand in Japan, the Andaz brand in Thailand, and the Hyatt Centric
brand in Southeast Asia with a new hotel in Malaysia.
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Park Hyatt Jakarta (Photo: Business
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These upcoming openings follow the notable debut of the
following hotels earlier this year:
- Alila Kothaifaru Maldives in the pristine Raa Atoll, April
2022
- Park Hyatt Jakarta, marking the arrival of the Park Hyatt brand
in Indonesia, July 2022
“Following the relaxation of travel restrictions across much of
Asia Pacific, we remain confident in the region’s path to
recovery,” said Carina Chorengel, Senior Vice President,
Commercial, Asia Pacific, Hyatt. “As people seek to reconnect,
explore new destinations, or revisit reliable favorites, we are
seeing greater demand for premium accommodations and longer stays
at Hyatt hotels. With nearly 70% of our global portfolio classified
as Luxury and Upper Upscale, we are well positioned to meet the
growing demand from high-end travelers in each segment we
serve.”
Hyatt will further expand its portfolio of luxury and
lifestyle brands in Asia Pacific, including several brands entering
new markets for the first time.
- Fuji Speedway Hotel, the first hotel under The
Unbound Collection by Hyatt brand in Japan, will welcome
travelers for a one-of-a-kind motorsports experience upon its
expected opening in October 2022. Located in Shizuoka and 80
minutes by car from Tokyo, the 120-room hotel is set amid the
breathtaking tranquility of Mount Fuji and the legendary Fuji
Speedway racing circuit, offering an unforgettable getaway for
motorcar lovers and professional racers, business executives,
couples and families alike. Reflecting the brand’s emphasis of
one-of-a-kind, story-worthy hotels that inspire collectible
moments, guests will immerse themselves in the exhilarating
history, culture and art of motorsports at the on-site Fuji
Motorsports Museum and soak in the onsen natural hot spring filled
with water from Mount Fuji.
- Hyatt Centric Kota Kinabalu will be the Hyatt Centric
brand’s first hotel in Southeast Asia, offering intrepid explorers
the ideal launchpad into Sabah and its abundant natural beauty and
indigenous cultures with its prime location in the city’s downtown
area. Slated to open in October 2022, the hotel will be crowned
with a rooftop swimming pool, restaurant and bar with views of the
South China Sea. The hotel’s contemporary design by Kengo Kuma is
inspired by the natural forms of a tree. In line with travelers’
increasing desire to support local communities and visit authentic
local restaurants and shops, the energetic and passionate team of
Sabahan hosts will guide guests through a more in-depth experience
of the local culture, food and hidden gems in this stunning corner
of Malaysia. All 222 rooms and suites have a private balcony with
views of the South China Sea, green hills or the vibrant city
center.
- Andaz Pattaya Jomtien Beach will mark the anticipated
debut of the Andaz brand in Thailand in the fourth quarter of 2022,
delivering a contemporary and unscripted take on the locale. Just
two hours by car from Bangkok, the hotel’s location on a tranquil
oceanfront sanctuary will introduce guests to a different side of
this popular destination while benefiting from easy access to most
of Pattaya’s scenic hotspots. Set on lush grounds and carefully
built around existing 100-year-old trees, the distinctively local
yet modern design of the 204-room resort is inspired by the site’s
history as a private estate and the cultural heritage of the nearby
coastal villages. With luxury travelers increasingly seeking
intimate getaways with fewer crowds and immersive, authentic
experiences, guests can enjoy the privacy of unique four-and
six-bedroom heritage houses with dedicated butler service and
private pools or visit the traditional Tea House, “Ruen Thai,”
which is available for ceremonies, monk blessings and meditation,
as well as for enjoying an afternoon tea in a peaceful setting. The
resort will collaborate with local brands such as Panpuri and
artisans to create original experiences that will help guests
reconnect with nature and discover Thai culture.
Some of the additional luxury and lifestyle hotel openings
planned for 2022 and 2023 include:
- Grand Hyatt Shenzhou Peninsula
- Park Hyatt Kuala Lumpur (debut of the Park Hyatt brand in
Malaysia)
- Andaz Macau
- Grand Hyatt Kunming
- Andaz Nanjing Hexi
- Alila Donghu Wuhan
For more information about Hyatt hotels, please visit:
www.hyatt.com.
The term “Hyatt” is used in this release to refer to Hyatt
Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company guided by its purpose – to care for
people so they can be their best. As of June 30, 2022, the
Company’s portfolio included more than 1,150 hotels and
all-inclusive properties in 72 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt
Residence Club®, Hyatt Place®, Hyatt House®, and UrCove; the
Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson
Hotels®, Hyatt Centric®, and Caption by Hyatt; the Independent
Collection, including The Unbound Collection by Hyatt®, Destination
by Hyatt™, and JdV by Hyatt™; and the Inclusive Collection,
including Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa
Resorts, Secrets® Resorts & Spas, Breathless Resorts &
Spas®, Dreams® Resorts & Spas, Vivid Hotels & Resorts®,
Alua Hotels & Resorts®, and Sunscape® Resorts & Spas.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC
destination management services, and Trisept Solutions® technology
services. For more information, please visit www.hyatt.com.
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. Our actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements.
These statements include statements about Hyatt’s pipeline and
future hotel openings, expected leisure demand, and planned growth
in the Asia Pacific region and involve known and unknown risks that
are difficult to predict. 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, risks associated with the
acquisition of Apple Leisure Group ("ALG"), including the related
incurrence of material additional indebtedness; our ability to
realize the anticipated benefits of the acquisition of ALG as
rapidly or to the extent anticipated, including successful
integration of the ALG business; the duration and severity of the
COVID-19 pandemic and the pace of recovery following the pandemic,
any additional resurgence, or COVID-19 variants; the short and
long-term effects of the COVID-19 pandemic, including on the demand
for travel, transient and group business, and levels of consumer
confidence; the impact of the COVID-19 pandemic, any additional
resurgence, or COVID-19 variants, and the impact of actions that
governments, businesses, and individuals take in response, on
global and regional economies, travel limitations or bans, and
economic activity, including the duration and magnitude of its
impact on unemployment rates and consumer discretionary spending;
the broad distribution and efficacy of COVID-19 vaccines and
treatments, wide acceptance by the general population of such
vaccines, and the availability, use, and effectiveness of COVID-19
testing, including at-home testing kits; the ability of third-party
owners, franchisees, or hospitality venture partners to
successfully navigate the impacts of the COVID-19 pandemic, any
additional resurgence, or COVID-19 variants; general economic
uncertainty in key global markets and a worsening of global
economic conditions or low levels of economic growth; the rate and
the 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 geo-political 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 such as earthquakes, tsunamis, tornadoes,
hurricanes, 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 property owners, franchisees, and
hospitality venture partners; the possible inability of third-party
owners, franchisees, or development partners to access capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and
dispositions and the introduction of new brand concepts; the timing
of 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 on our strategy to
expand our management and franchising business while at the same
time reducing our real estate asset base within targeted timeframes
and at expected values; declines in the value of our real estate
assets; unforeseen terminations of our management 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; 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, including as a
result of the COVID-19 pandemic, industry consolidation, and the
markets where we operate; our ability to successfully grow the
World of Hyatt loyalty program and Unlimited Vacation Club paid
membership program; cyber incidents and information technology
failures; outcomes of legal or administrative proceedings;
violations of regulations or laws related to our franchising
business; and other risks discussed in the Company’s filings with
the U.S. Securities and Exchange Commission (“SEC”), including our
annual report on Form 10-K and our Quarterly Reports on Form 10-Q,
which filings are available from the SEC. These factors are not
necessarily all of the important factors that could cause our
actual results, performance or achievements to differ materially
from those expressed in or implied by any of our forward-looking
statements. We caution you not to place undue reliance on any
forward-looking statements, which are made only as of the date of
this press release. We undertake no obligation to update publicly
any of these forward-looking statements to reflect actual results,
new information or future events, changes in assumptions or changes
in other factors affecting forward-looking statements, except to
the extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220906005813/en/
Gloria Kennett Hyatt gloria.kennett@hyatt.com
Angelina Hue Hyatt – Asia Pacific Angelina.Hue@hyatt.com
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