Hyatt Hotels Corporation has revealed that its pipeline has grown by nearly 85% since 2017, reaching a record 129,000 rooms. The company said it has doubled its luxury rooms, tripled its resort rooms and quintupled its lifestyle rooms since 2017.
“Hyatt’s ability to lead the industry in net rooms growth for seven years is a result of our unique approach to development,” said Mark Hoplamazian, president/CEO, Hyatt. “We strategically expand our portfolio of brands, intentionally selecting new and existing markets to enhance our network effect for owners and guests. Our commitment to thoughtful organic growth and strategic acquisitions amplifies our asset-light business model. Our goal is not to be the largest hospitality company, but the company most valued by colleagues, guests, and owners.”
Additionally, the World of Hyatt loyalty program has quadrupled its membership since 2017 and was up 22% as of the end of the first quarter compared to the same period last year, reaching 46 million members globally.
Lifestyle brands fuel growth
Hyatt’s upcoming lifestyle property openings and rebrandings include:
Americas:
- The Bentley Hotel Southampton (now open; joining JdV by Hyatt brand in September)
- Thompson Palm Springs (expected to open in September)
- Andaz Miami Beach (expected to open by end of 2024)
- Thompson Miami Beach (expected to open in late 2024)
- The Legend Paracas Resort (expected to open in 2024)
- The Digby (expected to open in 2025; will join The Unbound Collection)
- Hyatt Centric San Juan Isla Verde (expected to open in 2025)
- Andaz Turks & Caicos at Grace Bay (expected to open in 2026)
- Thompson Monterrey (expected to open in 2026)
Europe, Africa and Middle East (EAME):
- me and all Berlin East Side (expected to open in August; to join Jdv by Hyatt)
- Hyatt Centric Cairo West (expected to open late 2024)
- Andaz Doha (expected to open late 2024)
- Thompson Rome (expected to open in mid-2025)
- Thompson Seville (expected to open in 2026)
Asia-Pacific (ASPAC):
- Andaz One Bangkok (expected to open in 2025)
- Thompson Shanghai Expo (expected to open in Q2 2025)
- Caption by Hyatt Namba Osaka in Japan (expected to open this month)
Hyatt Studios brand accelerates growth
The Hyatt Studios brand, Hyatt’s entry into the upper-midscale extended-stay segment, now has more than 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 Hyatt Studios groundbreaking for a location in Huntsville, AL.
With more than 3,000 rooms in the pipeline, Hyatt Studios hotels represent several new submarkets for Hyatt. Since the company’s last announcement in late-2023, Hyatt has executed agreements for the following deals:
- Hyatt Studios Barrie, Ontario (Canada)
- Hyatt Studios Front Royal (Virginia)
- Hyatt Studios Oxford (Mississippi)
- Hyatt Studios Chesapeake (Virginia)
- Hyatt Studios Charlottesville (Virginia)
- 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)
- Hyatt Studios Ridgeland (Mississippi)
Grand Hyatt expansion
Key Grand Hyatt rebrands and developments in priority markets across the globe include:
Rebrands & renovations:
- Grand Hyatt Indian Wells Resort & Villas (expected to rebrand in September) will rebrand from Hyatt Regency Indian Wells Resort & Spa after an extensive $64-million renovation.
- Grand Hyatt Scottsdale Resort (expected to rebrand in late 2024) will be the first Grand Hyatt hotel in Arizona after undergoing a $110-million renovation to transform and rebrand from Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch.
New Builds:
- Grand Hyatt Kunming (expected to open in August)
- Grand Hyatt Deer Valley (expected to open in late 2024)
- Grand Hyatt Grand Cayman Hotel & Residences (expected to open in 2025)
- Grand Hyatt Mexico City Santa Fe (expected to open in 2025) –
- Grand Hyatt The Red Sea (expected to open in 2025)
- Grand Hyatt Los Cabos (expected to open in 2026)
- Grand Hyatt St. Lucia (expected to open in 2026)
Inclusive Collection portfolio grows
As of the end of Q1, Hyatt’s Inclusive Collection resorts grew to approximately 41,412 rooms across 124 properties. With 10 distinct brands, the collection continues to expand in new destinations:
- Dreams Madeira Resort Spa & Marina (expected to open in 2024)
- Secrets Playa Esmeralda Punta Cana (expected to open in 2024)
- Secrets Baby Beach Aruba (expected to open in 2025)