Hyatt Hotel Corporation, renowned American multinational hospitality company commonly known as Hyatt Hotels & Resorts headequarted in Chicago - Illinois revelead at ITLM Cannes, famed luxury travel trade show ambitious plans to open over 50 new luxury and lifestyle hotels worldwide by 2026.
This growth strategy is linked to the high demand for luxury travel that has significantly increased with a predicted rise of 52.8% in Europe’ luxury hotel stock by 2028 and Hyatt Hotels Corporation has 70% of its rooms classified as luxury and upper scale, strategically placed to capitalize on this unique opportunity.
The American hospitality company has expanded its portfolio by 28 luxury hotels and resorts in the last three years and doubled its luxury room count since 2017, a notable performance in terms of growth and expansion.
Concerning the lifestyle hotel segment which is characterized by experience - focused offering is also growing very fast and Hyatt Hotels Corporation in this specific segment increased its lifestyle rooms fivehold since 2017.
The group’s leadership in the lifestyle segment has been enhanced by the
recent acquisition of the brands of lifestyle hospitality company as Standard
International which increased portfolio and options and Hyatt also created with
this incorporation a dedicated Lifestyle group led by Amar Lalvani,
Executive CEO of Standard International.
The Lifestyle portfolio will offer original design, cultural progamming and dining featuring brands such as the trendy Andaz, the always performing Thompson Hotels and the previously, newly acquired Standard International, all brands boasting a solid reputation.
The future openings of the company include anticipated hotels like Andaz Miami Beach, Andaz Gold Coast, Miraval the Red Sea, Park Hyatt Johannesburg and Park Hyatt Kuala Lumpur.
Growth strategy also includes that to establish specific portfolio with the aim to maximize the potential each of its brands.
The luxury portfolio will be developed with hotels boasting amenities, design, unparalleled service, including brands like Alila, Miraval and Park Hyatt.
Hyatt Hotels Corporation which manages 256 luxury and lifestyle hotels and resorts across 45 countries with this expansion will allow the group to maintain its industry leadership providing elevated high - end experiences for its guests consolidating its position furthermore providing a larger fan of options in the market.
Link - https://www.hotelnewsresource.com/article134342.html
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