Hyatt Expands Luxury and Lifestyle Brands, Investing in Global Growth

Strategic Insights -

Hyatt Hotels Corporation, a leading global hospitality company, continues its strategic expansion of luxury and lifestyle brands, with a significant development pipeline of over 20 recent and planned openings across the U.S., Canada, Mexico, Latin America, and the Caribbean through 2025. This growth underscores Hyatt's position as the fastest-growing luxury portfolio, with the largest number of luxury-branded rooms in resort locations worldwide. Since 2017, Hyatt has doubled its number of luxury rooms, tripled its number of resort rooms, and quintupled its number of lifestyle rooms globally.

Key Takeaways:

  • Hyatt has a significant development pipeline of over 20 recent and planned openings across the U.S., Canada, Mexico, Latin America, and the Caribbean through 2025.
  • The company has doubled its number of luxury rooms, tripled its number of resort rooms, and quintupled its number of lifestyle rooms globally since 2017.
  • Hyatt will launch a new dedicated lifestyle group, including The Standard and Bunkhouse Hotels brands, as well as world-class restaurant and nightlife affiliates.
  • The company plans to introduce several luxury and lifestyle brands in key markets across the Americas region in 2025, including the first Park Hyatt and Dream Hotels properties in Mexico, the first Hyatt Centric brand in Puerto Rico, and the first Grand Hyatt hotel in Grand Cayman.
  • Hyatt plans to add several new hotels across prime leisure markets in the Americas in 2024, including the first Andaz hotel in Florida, the debut of the Hyatt Centric brand in Costa Rica, and the first Grand Hyatt properties in Arizona and Utah.
  • The company's Inclusive Collection footprint is expanding into new resort destinations like Aruba and St. Lucia, offering personalized hospitality through exceptional service, immersive dining, and more.
  • Hyatt delivery distinctive experiences designed to support guests and members' pursuit of healthy, happy, and fulfilled lives, through collaborations with Peloton, Headspace, MasterClass, and Future.
  • The World of Hyatt loyalty program has reimagined benefits, offering more flexibility and choices for members, and now allows members to earn and redeem points at over 700 boutique and luxury hotels and villas around the globe.

Statistics:

  • Over 20 recent and planned openings across the U.S., Canada, Mexico, Latin America, and the Caribbean through 2025
  • 88% of consumers show steady intent to travel for leisure, as reported in Hyatt's Mid-Year 2024 Consumer Sentiment and Travel Expectations Report.
  • Since 2017, Hyatt has:

+ Doubled its number of luxury rooms

+ Tripled its number of resort rooms

+ Quintupled its number of lifestyle rooms globally

  • Hyatt's portfolio includes more than 1,350 hotels and all-inclusive properties in 78 countries across six continents as of June 30, 2024
  • Over 600 global experiences available through the World of Hyatt FIND Experiences platform

Sources:

  • BusinessWire: "Hyatt Hotels Corporation Continues Strategic Expansion of Luxury and Lifestyle Brands"
  • Hyatt Hotels Corporation: "Hyatt's Mid-Year 2024 Consumer Sentiment and Travel Expectations Report"
  • Hyatt Hotels Corporation: "About Hyatt Hotels Corporation"
  • Hyatt Hotels Corporation: "Hyatt's Inclusive Collection"