Hyatt shares robust growth with 35 planned luxury hotels and resorts

Friday, December 8, 2023

Hyatt Hotels Corporation has shared its robust growth channel of over 35 intended luxury hotels and resorts internationally for the period of 2025 across the Park Hyatt, Miraval, Grand Hyatt, Andaz, Alila, Thompson Hotels and The Unbound Collection by Hyatt brands, in addition to Inclusive Collection brands Dreams Resorts & Spas and Zoëtry Wellness & Spa Resorts.

Keeping its asset-light method, Hyatt has increased the quantity of luxury lodgings, boosted the quantity of resort rooms, and multiplied the quantity of lifestyle rooms in just five years. With 70% of its rooms considered as extravagant and upper ritzy, the Hyatt group has developed to realize augmented demands for extravagant and resort lodgings while encouraging reliable, top-tier excellence, tailored experiences and custom-made facilities.

In general, travel and tourism is predictable to rise around 12% of worldwide GDP by 2033 as per a current report from the World Travel & Tourism Council. Consecutively, Hyatt’s luxury range is increasing to realize that demand in new global markets. This comprises the introduction of Park Hyatt hotels in the UK, Mexico and Malaysia; the Thompson Hotel brand’s growth in Europe with the first possessions in Italy and Austria; the Andaz brand’s progress in the Americas with its first hotel in the Caribbean; The Unbound Collection by Hyatt’s first asset in India and also Hyatt luxury growth in Portugal, with the strategic beginnings of Andaz Lisbon and Dreams Madeira Resort, Spa & Marina.

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