Hyatt Hotels has announced a planned expansion of the Hyatt Place and Hyatt House brands in the Americas.
The company expects to open 48 new hotels under these brands in 16 new markets by 2023.
Go deeper with GlobalData
The hotels, representing more than 6,400 rooms, will bring Hyatt Place and Hyatt House brands to 44 markets, of which 16 represent new markets for Hyatt.
New markets include Montréal, Québec, Panama City Beach, Florida, Sacramento, California and Virginia Beach, Virginia.
Hyatt expects the expansion to positively contribute to its net rooms’ growth, which was 19.5% in 2021.
See Also:
It includes growth from Hyatt’s acquisition of Apple Leisure Group (ALG).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHyatt development and owner relation senior vice-president Hyatt said: “The Hyatt Place and Hyatt House brands continue to perform incredibly well, especially among leisure transient guests, with leisure destinations commanding strong ADR.
“With an eye toward recovery, we believe these hotels will remain attractive to leisure guests thanks to distribution, value, and amenities. For example, in Q4 2021, we saw business transient demand accelerate due to companies returning to the office and business travellers hitting the road again.”
Hyatt currently operates more than 470 Hyatt Place and Hyatt House hotels in the Americas.
The company had approximately 540 hotels or 113,000 rooms globally in its pipeline of executed management or franchise contracts as of 31 December 2021.
The newly announced hotels represent almost 9% of Hyatt’s total pipeline.
Tierney added: “From leisure destinations to downtown locations, mixed-use developments to college campuses and airport locations, our pipeline of new properties demonstrates the strength and resonance of the Hyatt Place and Hyatt House brands with developers, owners, operators, and guests.”
In December last year, Hyatt Hotels opened Hyatt Place Harrisonburg, in Harrisonburg, Virginia, US.
