Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising. The company develops, owns, operates, manages, franchises, leases, licenses, and provide services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium ownership units. It operates its properties under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Thompson Hotels, Hyatt Centric, Joie de Vivre, tommie, Caption by Hyatt, Hyatt House, Hyatt Place, Hyatt Ziva, Hyatt Zilara, UrCove, Hyatt Residence Club, Hyatt Residences, and Hyatt Resorts brands. As of March 31, 2021, the company's hotel portfolio consisted of approximately 1000 hotels. It primarily serves corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fraternal accounts; travel agency and luxury organizations; and a group of individual consumers. The company also operates World of Hyatt loyalty program which rewards points that can be redeemed for hotel nights and other rewards. The company was formerly known as Global Hyatt Corporation and changed its name to Hyatt Hotels Corporation in June 2009. Hyatt Hotels Corporation was founded in 1957 and is headquartered in Chicago, Illinois.
IPO Year: 2009
Exchange: NYSE
Website: hyatt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/18/2024 | $151.00 | Neutral | Goldman |
| 6/21/2024 | $160.00 | Neutral | Susquehanna |
| 3/26/2024 | $197.00 | Buy | Mizuho |
| 3/11/2024 | $149.00 → $156.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/5/2024 | $135.00 | Outperform → In-line | Evercore ISI |
| 1/16/2024 | $120.00 → $130.00 | Buy → Neutral | Redburn Atlantic |
| 12/5/2023 | $138.00 | Overweight | Wells Fargo |
| 10/23/2023 | $133.00 | Buy | HSBC Securities |
| 3/9/2023 | $130.00 → $125.00 | Overweight → Equal Weight | Barclays |
| 1/26/2023 | $111.00 → $113.00 | Overweight → Equal Weight | Wells Fargo |
Shares of Marriott International Inc (NASDAQ:MAR), Hilton Hotels Corporation (NYSE:HLT), and Hyatt Hotels Corporation (NYSE:H) are trading lower Wednesday. About 13,500 unionized hotel workers in four U.S. cities are preparing for strike authorization votes next month as contract negotiations with the above major hotels remain at an impasse. UNITE HERE, a union representing hotel, casino, and airport workers across the U.S. and Canada, said that the voting will commence in the first week of August in Boston, San Francisco, Honolulu, and Providence, Rhode Island, reported Reuters. Employees at 125 hotels in these cities are demanding significant pay raises in new contracts to replace
8 analysts have shared their evaluations of Hyatt Hotels (NYSE:H) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 1 0 0 0 0 3M Ago 2 1 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $177.25, a high estimate of $204.00, and a low estimate of $159.00. This current average has increased by 0.71% from t
JP Morgan analyst Joseph Greff maintains Hyatt Hotels (NYSE:H) with a Overweight and raises the price target from $171 to $180.
Hyatt Hotels Corp (NYSE:H) is reportedly close to finalizing a deal to acquire boutique hotel operator Standard International, continuing its trend of expanding luxury properties in popular leisure destinations. Negotiations between Hyatt and Standard, which manages properties in London, Ibiza, the Maldives, and Melbourne, are in the advanced stages, reported Bloomberg, citing sources familiar with the matter. Although no transaction has been completed yet, and the deal could still not take place. A spokesperson for Hyatt said the hospitality major remains committed to “asset-light growth through both organic expansion and strategic acquisitions.” Under the leadership of CEO Mark
Hyatt Hotels's (NYSE:H) short percent of float has risen 5.59% since its last report. The company recently reported that it has 3.62 million shares sold short, which is 9.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.53 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Hyatt Hotels (NYSE:H) in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 5 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 2 1 2 0 0 3M Ago 1 0 2 0 0 Analysts have recently evaluated Hyatt Hotels and provided 12-month price targets. The average target is $174.2, accompanied by a high estimate of $204.00 and a low estimate of $153.00. Observing a 2.24% increase, the
Susquehanna analyst Christopher Stathoulopoulos initiates coverage on Hyatt Hotels (NYSE:H) with a Neutral rating and announces Price Target of $160.
The offering is expected to close on June 17, 2024, subject to customary closing conditions.
Truist Securities analyst Patrick Scholes maintains Hyatt Hotels (NYSE:H) with a Buy and lowers the price target from $172 to $168.
Hyatt Hotels (NYSE:H) has outperformed the market over the past 5 years by 1.85% on an annualized basis producing an average annual return of 15.43%. Currently, Hyatt Hotels has a market capitalization of $15.23 billion. Buying $1000 In H: If an investor had bought $1000 of H stock 5 years ago, it would be worth $2,049.54 today based on a price of $150.55 for H at the time of writing. Hyatt Hotels's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revi
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Hyatt reinforces its owner-first commitment with a refreshed approach to the Caption by Hyatt brand and evolved prototypes for Hyatt Place and Hyatt House brands Hyatt Hotels Corporation (NYSE:H) today announced significant growth in its select service pipeline, with a ~25% increase in the Americas over the past three years. As of June 30, 2024, this segment represents over 50% of Hyatt's total pipeline in the Americas. Complementing growth in lifestyle, luxury and all-inclusive, Hyatt's select service portfolio remains a key driver for market expansion and generating awareness and enrollment in World of Hyatt, the industry's fastest growing loyalty program. Through owner-driven innovation
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE:H) announced today that it will release third quarter 2024 financial results on Thursday, October 31, 2024, before the stock market opens, followed by a conference call at 9:00 a.m. CT. Participants are encouraged to listen to a simultaneous webcast of the conference call, accessible through the Company's website at investors.hyatt.com. An archive of the webcast will be available on the Company's website for 90 days. Alternatively, participants may access the live call by dialing: U.S. Toll-Free Number: 800.715.9871 International Toll Number: 646.307.1963 Conference ID: 2303828 Participants should dial into the call at least fift
Recently opened The Manner sets a new standard for lifestyle hotels in SoHo, New York; The Standard, Singapore; Hotel Saint Augustine in Houston and The StandardX, Bangkok are slated to open this year Hyatt Hotels Corporation (NYSE:H) today announced the completed acquisition of the brands and most of the affiliates of pioneering lifestyle hospitality company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances Hyatt's leading position in the industry's premier lifestyle segment, building on both Hyatt's organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt's global portfolio between 2017
Hyatt adds new properties in new markets and expands wellbeing offerings to enrich the guest experience Hyatt Hotels Corporation (NYSE:H) continues the strategic expansion of luxury and lifestyle hotels with a significant development pipeline of more than 20 recent and planned openings across the U.S., Canada, Mexico, Latin America and the Caribbean through 2025. This planned growth will expand Hyatt's brand footprint in several new regional markets, allowing Hyatt to care for guests and World of Hyatt members in more places and on more stay occasions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923282399/en/Andaz Miami Be
The former Le Méridien Delfina Santa Monica joins the Hyatt portfolio, growing Hyatt's brand footprint in California Hyatt Hotels Corporation (NYSE:H) today announced the opening of Hyatt Centric Delfina Santa Monica, marking the Hyatt Centric lifestyle brand's sixth hotel in California and the 101st Hyatt hotel in the Golden State. Primely located in one of Los Angeles' most iconic beach destinations—the hotel is just steps away from the renowned Santa Monica Pier, Third Street Promenade, Venice Beach Boardwalk and retail district. Hyatt Centric Delfina Santa Monica is a launchpad for savvy, adventurous travelers to explore and discover the best of coastal Los Angeles. The property is no
Leading hotel brand to centralize its operations and data on the secure Oracle Hospitality Cloud platform AUSTIN, Texas, Sept. 17, 2024 /PRNewswire/ -- Hyatt (NYSE:H) has chosen the Oracle OPERA Cloud hospitality platform as the property management system (PMS) for its global hotel portfolio. With OPERA Cloud, Hyatt properties will be able to standardize its operations and data management across more than 1,000 hotels and all-inclusive properties. With a modern data platform delivering a common user interface and processes across its properties, Hyatt colleagues will have the insights to operate more efficiently and provide an improved, more consistent experience for its guests, members and
The website includes customer reviews of hotels owned by lodging REIT Park Hotels and Resorts UNITE HERE, the hotel workers union, has launched a website collecting customer reviews of hotels owned by Park Hotels and Resorts (NYSE:PK), one of the largest lodging REITs in the world. The launch of the website comes amidst ongoing strikes across the country, including over 1,250 hotel workers on strike in Boston, New Haven, and San Diego as of September 12. Over Labor Day weekend, over 10,000 hotel workers went on strike for higher wages, fair staffing and workloads, and the reversal of COVID-era cuts. ParkHotelsCapExProblems.org collects TripAdvisor and Yelp reviews of certain Park properti
Formation of new lifestyle group to combine best-in-class lifestyle brand leadership and talent with Hyatt's global distribution network and award-winning World of Hyatt loyalty program Hyatt Hotels Corporation (NYSE:H) today announced the planned acquisition of the brands and most of the affiliates of pioneering lifestyle company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt's position as the leader in the industry's premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt's global portfolio between 2017 and 2023. The transaction is antici
Hyatt Exceeds $2 Billion Sell-Down Commitment Hyatt Hotels Corporation (NYSE:H) today announced that an affiliate of Hyatt has completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund ("Ares") for approximately $1.07 billion, while retaining a long-term management agreement under the Hyatt Regency brand. In connection with the transaction, Hyatt retained $265 million of non-controlling preferred equity and provided an additional $50 million of seller financing for the adjacent 45-acre parcel. This press release features multimedia. View the full release here: https://www.
Hyatt Hotels Corporation (NYSE:H) announced today participation by executives at the following conferences: Mark Hoplamazian, President and Chief Executive Officer, and Joan Bottarini, Chief Financial Officer, will jointly present at the 2024 Bank of America Gaming & Lodging Conference at 10:00 a.m. ET on Thursday, September 5, 2024 in New York, NY. Joan Bottarini, Chief Financial Officer, and Adam Rohman, Senior Vice President Investor Relations, will jointly present at the 2024 Wells Fargo Consumer Conference at 9:30 a.m. PT on Wednesday, September 18, 2024 in Dana Point, CA. All interested persons may listen to a webcast of the presentations, which may be accessed through the Co
Goldman initiated coverage of Hyatt Hotels with a rating of Neutral and set a new price target of $151.00
Susquehanna initiated coverage of Hyatt Hotels with a rating of Neutral and set a new price target of $160.00
Mizuho initiated coverage of Hyatt Hotels with a rating of Buy and set a new price target of $197.00
Morgan Stanley downgraded Hyatt Hotels from Overweight to Equal-Weight and set a new price target of $156.00 from $149.00 previously
Evercore ISI downgraded Hyatt Hotels from Outperform to In-line and set a new price target of $135.00
Redburn Atlantic downgraded Hyatt Hotels from Buy to Neutral and set a new price target of $130.00 from $120.00 previously
Wells Fargo resumed coverage of Hyatt Hotels with a rating of Overweight and set a new price target of $138.00
HSBC Securities initiated coverage of Hyatt Hotels with a rating of Buy and set a new price target of $133.00
Barclays downgraded Hyatt Hotels from Overweight to Equal Weight and set a new price target of $125.00 from $130.00 previously
Wells Fargo downgraded Hyatt Hotels from Overweight to Equal Weight and set a new price target of $113.00 from $111.00 previously
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Hyatt reinforces its owner-first commitment with a refreshed approach to the Caption by Hyatt brand and evolved prototypes for Hyatt Place and Hyatt House brands Hyatt Hotels Corporation (NYSE:H) today announced significant growth in its select service pipeline, with a ~25% increase in the Americas over the past three years. As of June 30, 2024, this segment represents over 50% of Hyatt's total pipeline in the Americas. Complementing growth in lifestyle, luxury and all-inclusive, Hyatt's select service portfolio remains a key driver for market expansion and generating awareness and enrollment in World of Hyatt, the industry's fastest growing loyalty program. Through owner-driven innovation
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE:H) announced today that it will release third quarter 2024 financial results on Thursday, October 31, 2024, before the stock market opens, followed by a conference call at 9:00 a.m. CT. Participants are encouraged to listen to a simultaneous webcast of the conference call, accessible through the Company's website at investors.hyatt.com. An archive of the webcast will be available on the Company's website for 90 days. Alternatively, participants may access the live call by dialing: U.S. Toll-Free Number: 800.715.9871 International Toll Number: 646.307.1963 Conference ID: 2303828 Participants should dial into the call at least fift
Recently opened The Manner sets a new standard for lifestyle hotels in SoHo, New York; The Standard, Singapore; Hotel Saint Augustine in Houston and The StandardX, Bangkok are slated to open this year Hyatt Hotels Corporation (NYSE:H) today announced the completed acquisition of the brands and most of the affiliates of pioneering lifestyle hospitality company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances Hyatt's leading position in the industry's premier lifestyle segment, building on both Hyatt's organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt's global portfolio between 2017
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE:H) today reported second quarter 2024 results. Highlights include: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806180748/en/ Comparable system-wide hotels RevPAR increased 4.7% compared to the same period in 2023 Comparable system-wide all-inclusive resorts Net Package RevPAR increased 3.0% compared to the same period in 2023 Net Rooms Growth was approximately 4.6% Net Income was $359 million and Adjusted Net Income was $158 million Diluted EPS was $3.46 and Adjusted Diluted EPS was $1.53 Adjusted EBITDA1 was $307 million Pipeline of execute
Builds on strategic collaboration with German Lindner Hotel Group, with plans to increase footprint of fast-growing upscale brand me and all hotels as part of Hyatt's lifestyle portfolio Hyatt Hotels Corporation (NYSE:H) today announced that a Hyatt affiliate has acquired the me and all hotels brand from Lindner Hotels AG (Lindner) to unlock growth in new European markets and build on Hyatt's strong momentum in the region. This move builds on the successful strategic collaboration that Hyatt and Lindner entered into in 2022, which significantly increased Hyatt's brand footprint in Germany and Europe, with the subsequent integration of most Lindner Hotels & Resorts and me and all hotels in
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE:H) announced today that it will release second quarter 2024 financial results on Tuesday, August 6, 2024, before the stock market opens, followed by a conference call at 9:00 a.m. CT. Participants are encouraged to listen to a simultaneous webcast of the conference call, accessible through the Company's website at investors.hyatt.com. An archive of the webcast will be available on the Company's website for 90 days. Alternatively, participants may access the live call by dialing: U.S. Toll-Free Number: 800.715.9871 International Toll Number: 646.307.1963 Conference ID: 2303828 Participants should dial into the call at least fi
Famed Southern California resort to introduce transformed guestrooms, suites, and luxury villas, as well as new restaurant concepts and an enhanced pool experience Hyatt Hotels Corporation (NYSE:H) and Trinity Investments are proud to announce the planned rebranding of Hyatt Regency Indian Wells Resort & Spa to Grand Hyatt Indian Wells Resort & Villas, slated for September 2024. The rebrand will be timed to the culmination of a $64 million property-wide renovation and ushers in a new era of luxury for the iconic desert resort with redesigned guestrooms and luxury villas, an expanded lobby experience, elevated accommodations, refreshed meeting and event spaces, two new dining concepts and
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE:H) today furnished certain supplemental financial information for the year ended December 31, 2023 for informational purposes and to assist investors in making comparisons of Hyatt's historical financial information with financial information to be made available in the future that will reflect Hyatt's previously announced realigned reportable segments. The supplemental financial information may be accessed by reference to Hyatt's Form 8-K filed with the SEC on April 25, 2024 and through Hyatt's website at investors.hyatt.com. The Company also announced that it will hold a conference call to discuss the revised segment structure on
Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE:H) announced today that it will release first quarter 2024 financial results on Thursday, May 9, 2024, before the stock market opens, followed by a conference call at 9:00 a.m. CT. Participants are encouraged to listen to a simultaneous webcast of the conference call, accessible through the Company's website at investors.hyatt.com. An archive of the webcast will be available on the Company's website for 90 days. Alternatively, participants may access the live call by dialing: U.S. Toll-Free Number: 800-715-9871 International Toll Number: 646-307-1963 Conference ID: 2303828 Participants should dial into the call at least fifte
Following a property-wide renovation, luxury lifestyle hotel Andaz Miami Beach is slated to open in late 2024, with reimagined spaces, programming and a new culinary collaboration with Jose Andrés Group. Hyatt Hotels Corporation (NYSE:H) announced an update on the anticipated renovation of The Confidante Miami Beach and its complete transformation into the new Andaz Miami Beach, which is slated to open in the fourth quarter of 2024. The new hotel, which is owned by Sunstone Hotel Investors, Inc., will go beyond the familiar to discover and define guests' personal essence while immersing themselves in the spirit of the eclectic culture around them through a barrier-free redesigned lobby, t
Hyatt adds new properties in new markets and expands wellbeing offerings to enrich the guest experience Hyatt Hotels Corporation (NYSE:H) continues the strategic expansion of luxury and lifestyle hotels with a significant development pipeline of more than 20 recent and planned openings across the U.S., Canada, Mexico, Latin America and the Caribbean through 2025. This planned growth will expand Hyatt's brand footprint in several new regional markets, allowing Hyatt to care for guests and World of Hyatt members in more places and on more stay occasions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923282399/en/Andaz Miami Be
Formation of new lifestyle group to combine best-in-class lifestyle brand leadership and talent with Hyatt's global distribution network and award-winning World of Hyatt loyalty program Hyatt Hotels Corporation (NYSE:H) today announced the planned acquisition of the brands and most of the affiliates of pioneering lifestyle company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt's position as the leader in the industry's premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt's global portfolio between 2017 and 2023. The transaction is antici
The first Hyatt-branded hotel in Belize enters the Hyatt portfolio as an affiliated hotel, with plans to officially join the Destination by Hyatt brand and World of Hyatt loyalty program in late 2025 Hyatt Hotels Corporation (NYSE:H) in collaboration with Maya Rio Development announced today plans for the first Hyatt-branded hotel in Belize with The Placencia Resort, which is entering the Hyatt portfolio as an affiliated hotel before joining the Destination by Hyatt brand and World of Hyatt loyalty program late next year. Nestled south of Mexico, east of Guatemala, and next to the Caribbean Sea, The Placencia Resort is located on the Placencia Peninsula, a verdant, 13-mile long beach in s
Maison Métier and The Barnett plan to join the World of Hyatt loyalty program this year, offering guests and members more stay options and access to the city's distinct culture Hyatt Hotels Corporation (NYSE:H) today announced the expansion of Hyatt's brand presence in New Orleans with Maison Métier (formerly Maison de la Luz) and The Barnett (formerly Ace Hotel New Orleans), which have joined the Hyatt portfolio as affiliated hotels. The hotels are expected to join Hyatt's Independent Collection of brands and participate in the World of Hyatt loyalty program this year. The two properties are owned by The Domain Companies and managed by HRI Hospitality. This press release features multim
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 Hotels Corporation (NYSE:H) highlighted today that its pipeline has grown by nearly 85 percent since 2017, reaching a record 129,000 rooms. This significant growth highlights the strong preference of hotel owners and the strength of the Hyatt brand. Hyatt's commitment to creating the preferred portfolio for high-end guests has resulted in doubling luxury rooms, tripling resort rooms, and quintupling lifestyle rooms since 2017. "Hyatt leading the industry in net rooms growth
The former Verdanza Hotel to join the Hyatt portfolio in 2025, marking the introduction of the Hyatt Centric brand in Puerto Rico Hyatt Hotels Corporation (NYSE:H) in collaboration with Interlink and Vivo Beach Club today announced plans for the first Hyatt Centric branded hotel in Puerto Rico. Hyatt Centric San Juan Isla Verde will be located in the buzzy Isla Verde neighborhood, one block away from Isla Verde Beach and walking distance to restaurants, shopping, historical landmarks and nightlife. The hotel is currently undergoing an ambitious $25 million dollar enhancement project to renovate all guestrooms, suites and public spaces, which will be inspired by Puerto Rico's enchanted lan
Upcoming openings in Latin America & the Caribbean enhance Hyatt's leadership in luxury, resort and lifestyle, creating unforgettable experiences in destinations that matter most to guests and World of Hyatt members Hyatt Hotels Corporation (NYSE:H) highlighted today Hyatt's expected growth trajectory, from the sought-after beach town of Miches, Dominican Republic to the lush island of St. Lucia, World of Hyatt guests and members will soon have more than 30 new hotels to consider in Latin America & the Caribbean. Through 2027, Hyatt is committed to expanding its brand presence in new and exciting destinations throughout the region, meeting travelers in even more places – whether vacationi
The all-suite retreat located at the gateway of the Hamptons is now available via Hyatt.com and is expected to join the JdV by Hyatt brand in mid-2024 following renovation completion Hyatt Hotels Corporation (NYSE:H) announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality, the property's owner and operator. The hotel, which is currently in the midst of an extensive renovation, is now bookable across Hyatt reservation channels and is expected to join the JdV by Hyatt brand in mid-2024, following additional property-wide upgrades. The hotel will begin participating in World of Hyatt when it joins the J
Hyatt expands its brand presence in South America, offering a gateway for guests and members to immerse themselves in a new awe-inspiring coastal destination Hyatt Hotels Corporation (NYSE:H) and El Pardo Hospitality today announced plans for The Legend Paracas Resort in Paracas, Peru to join the Destination by Hyatt brand, marking the introduction of the brand in South America. Expected to join the Destination by Hyatt brand in June 2024, the hotel is currently undergoing a phased enhancement project to elevate guestrooms, offer new culinary options, and redesign public areas. Enhancements will be done in a thoughtful manner over the next 24 months in an effort to avoid impacting the gue
Hyatt Hotels Corporation (NYSE:H) announced today that, effective December 31, 2023, H. Charles "Chuck" Floyd will step down from his current role as Executive Vice President – Global President of Operations and, effective January 1, 2024, transition to a role of Senior Advisor to Mark Hoplamazian, Hyatt's President and Chief Executive Officer, for a period of six months. Floyd will retire from Hyatt effective June 30, 2024. "It is with immense pride and heartfelt appreciation that we celebrate the extraordinary career of Chuck Floyd, who has been a member of the Hyatt family for more than four decades," said Hoplamazian. "Chuck's tenure at Hyatt is nothing short of legendary. He has demo