hyatt
Hyatt Reports Fourth Quarter and Full Year 2022 Results
Hyatt Hotels Corporation | February 20, 2023
Record Cash Flow from Operations of $674M; Net Rooms Growth of 6.7% Exceeds Expectations CHICAGO (February 20, 2023) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported fourth quarter and full year 2022 financial results. Highlights include: Net income was $294 million in the fourth quarter and $455 million for the full year of 2022. Adjusted net income was $278 million in the fourth quarter and $365 million for the full year of 2022. Net income in the fourth quarter and for the full year of 2022 includes a non-cash benefit of $250 million due to the release of a valuation allowance on U.S. federal and ...
Hyatt Signs Agreement With Rua Al Madinah Holding Company to Bring Three New Hotels to the Kingdom of Saudi Arabia
Hyatt Hotels Corporation | February 6, 2023
CHICAGO (February 6, 2023) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into management agreements with Rua Al Madinah Holding Company to manage three new Hyatt-branded hotels, including Grand Hyatt Madinah, Hyatt Regency Madinah and Hyatt Place Madinah. Upon opening, these properties will participate in the World of Hyatt loyalty program and will add a combined 1,729 room keys to Hyatt’s portfolio in the Kingdom of Saudi Arabia, significantly expanding Hyatt’s brand presence in the country and demonstrating its commitment to strategic growth of its portfolio in key markets that matter to ...
Hyatt Signs Franchise Agreement With FP Global for Hyatt Regency Lahore DHA
Hyatt Regency | January 30, 2023
CHICAGO (January 30, 2023): Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a franchise agreement with FP Global (Private) Limited for Hyatt Regency Lahore DHA, which will mark the first Hyatt-branded hotel in Pakistan and a significant step forward in Hyatt’s plans to expand its brand portfolio in Southwest Asia. Situated within Defence Housing Authority Phase 6 (DHA-6), the property will be operated by Valor Hospitality Partners and is expected to open its doors in 2024. “We look forward to collaborating with the FP Global (Private) Limited team and Valor Hospitality Partners to unveil the...
Hyatt Elevates Luxury All-Inclusive Offering With the Introduction of Secrets Impression Resorts & Spas
AMR™ Collection | December 6, 2022
CHICAGO (Dec. 6, 2022) – Hyatt Hotels Corporation (NYSE: H) announces the expansion of Hyatt’s commitment to luxury travel with the launch of Secrets Impression Resorts & Spas, a first-of-its-kind product designed to deliver the highest level of luxury all-inclusive service and amenities in its portfolio. In addition to signature inclusions offered under the Secrets Impression brand’s Endless Privileges concept, the adults-only Secrets Impression will treat guests to awe-inspiring getaways complemented by a carefully curated romantic ambiance and heightened level of service. Guests can expect resort inclusions to transce...
Hyatt and Playa Hotels & Resorts Open Hyatt Zilara in Riviera Maya
Hyatt Zilara | December 1, 2022
CHICAGO (December 1, 2022) – Hyatt Hotels Corporation (NYSE: H) and Playa Hotels & Resorts N.V. (NASDAQ: PLYA) today announced the opening of Hyatt Zilara Riviera Maya. Nestled in the secluded region of Riviera Maya, Mexico, Hyatt Zilara Riviera Maya is surrounded by lush mangroves, with easy access to the Cancun International Airport and only six miles from Playa del Carmen. This sophisticated all-inclusive resort radiates paradise with modern hacienda charm, situated on 1.5 acres of pure white sand beach combining state-of-the-art amenities with heartfelt service and inviting accommodations. The exclusive adult oasis boasts 291...
Hyatt to Acquire Dream Hotel Group
Hyatt Hotels Corporation | November 29, 2022
CHICAGO (November 29, 2022) – Hyatt Hotel Corporation (NYSE: H) and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including the Dream Hotels, The Chatwal Hotels and Unscripted Hotels brands, with properties in some of the world’s most prominent hotel markets across the Americas, Europe and Asia. This asset-light acquisition will include a portfolio of 12 managed or franchised lifestyle hotels, with another 24 signed long-term management agreements for hotels expected to open in the future. Upon closing, this expansion will add over 1,...
Hyatt Plans 2024 Opening of Dreams Madeira Resort Spa & Marina in Portugal
Apple Leisure Group | November 14, 2022
CHICAGO (November 14, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced plans for the expansion of Hyatt’s Inclusive Collection – a new global portfolio of distinct luxury all-inclusive resort brands – to Portugal with Dreams Madeira Resort Spa & Marina. On the heels of Hyatt’s recently announced expansion plans for five all-inclusive resorts in Bulgaria, the planned debut of Dreams Madeira Resort Spa & Marina will mark the Inclusive Collection brand portfolio’s entry into Portugal, following existing all-inclusive brand presence in Spain and Greece and introducing the signature Unlimited-Luxury® concept to...
Hyatt Reports Third Quarter 2022 Results
Hyatt Hotels Corporation | November 3, 2022
CHICAGO (November 3, 2022) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported third quarter 2022 financial results. Highlights include: Net income was $28 million in the third quarter of 2022 compared to net income of $120 million in the third quarter of 2021. Adjusted net income was $72 million in the third quarter of 2022 compared to Adjusted net income of $241 million in the third quarter of 2021. Diluted EPS was $0.25 in the third quarter of 2022 compared to $1.15 in the third quarter of 2021. Adjusted Diluted EPS was $0.64 in the third quarter of 2022 compared to $2.31 in the third quarter of 2021. ...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
Cloudbeds Launches Inaugural State of Independent Lodging Report
Travel and Tourism Industry Deal Activity Sinks by 60.4% YoY in February 2023, Reveals GlobalData
New WTTC Environmental Data Reveals Italy’s Travel & Tourism Sector’s Climate Footprint
Baird/STR Hotel Stock Index Fell 2.5% in February
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.