CHICAGO – Hyatt Motels Company (NYSE: H) introduced at this time that 21 new luxurious resorts and resorts are deliberate to open in Asia Pacific by the top of 2020, fueling Hyatt’s model growth within the area. This growth is comprised of seven Park Hyatt branded properties, six resorts every below the Grand Hyatt and Andaz manufacturers and two Alila branded resorts, boosting Hyatt’s luxurious portfolio within the area by greater than 25%.
“We’re excited to increase our luxurious portfolio in Asia Pacific, bringing extra distinct experiences by the Park Hyatt, Grand Hyatt, Andaz and Alila manufacturers to locations that matter most to our visitors,” mentioned Carina Chorengel, senior vice chairman, Business, Asia Pacific, Hyatt. “As we increase our resort, way of life and wellbeing choices, we’ll higher cater to at this time’s more and more various luxurious vacationers who search higher personalization, whether or not they’re touring for enterprise or leisure.”
With this growth, a report variety of seven Park Hyatt resorts are anticipated to open in below two years – a major milestone for Hyatt, which provides a median of 1 Park Hyatt property per yr. The Andaz model, identified to supply immersive cultural experiences, is ready to double its footprint in Asia Pacific with new openings in main cities comparable to Seoul, Dubai and Shenzhen, alongside resort locations comparable to Bali, in addition to Sanya and Xiamen in China.
Set to affix the World of Hyatt loyalty program later this yr following its integration into the Hyatt portfolio in 2018, the Alila model will add two resorts in Malaysia and Oman subsequent yr. Collectively these two resorts will deliver the model’s modern expressions of century-old traditions, genuine experiences and sustainable mindset nearer to extra vacationers. Moreover, the Grand Hyatt model continues its regular progress momentum with new openings in rising cities in China, India, South Korea, Saudi Arabia and Kuwait.
“We see monumental potential to develop our luxurious portfolio in Asia Pacific, which presently accounts for 40% of Hyatt’s general portfolio within the area,” mentioned Patrick Finn, senior vice chairman, actual property and growth, Asia Pacific, Hyatt. “Hyatt has a definite and differentiated technique with every of our manufacturers positioned on the excessive finish of each phase by which we function, and we’re dedicated to increasing our model footprint in main enterprise cities, cultural locations and leisure sizzling spots that resonate with builders, homeowners and visitors.”
Deliberate openings in 2019
Andaz Dubai The Palm within the United Arab Emirates
Andaz Gangnam Seoul in South Korea
Grand Hyatt Al Khobar in Saudi Arabia
Grand Hyatt Gurgaon in India
Grand Hyatt Hefei in China
Park Hyatt Auckland in New Zealand
Park Hyatt Doha in Qatar
Park Hyatt Jakarta in Indonesia
Park Hyatt Kyoto in Japan
Park Hyatt Shenzhen in China
Deliberate openings in 2020
Alila Dalit Bay in Malaysia
Alila Hinu Bay in Oman
Andaz Bali in Indonesia
Andaz Sanya Sunny Bay in China
Andaz Shenzhen in China
Andaz Xiamen in China
Grand Hyatt Jeju in Korea
Grand Hyatt Kuwait in Kuwait
Grand Hyatt Shenzhou Peninsula in China
Park Hyatt Niseko, Hanazono in Japan
Park Hyatt Suzhou in China
The time period “Hyatt” is used on this launch for comfort to seek advice from Hyatt Motels Company and/or a number of of its associates.
Ahead-Wanting Assertion
Ahead-Wanting Statements on this press launch, which aren’t historic info, are forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Our precise outcomes, efficiency or achievements could differ materially from these expressed or implied by these forward-looking statements. These statements embody statements about Hyatt’s deliberate growth within the Asia Pacific area and the timing of sure new lodge openings and contain identified and unknown dangers which can be tough to foretell. In some circumstances, you’ll be able to establish forward-looking statements by means of phrases comparable to “could,” “may,” “anticipate,” “intend,” “plan,” “search,” “anticipate,” “imagine,” “estimate,” “predict,” “potential,” “proceed,” “possible,” “will,” “would” and variations of those phrases and comparable expressions, or the unfavorable of those phrases or comparable expressions. Such forward-looking statements are essentially based mostly upon estimates and assumptions that, whereas thought of affordable by us and our administration, are inherently unsure. Elements that will trigger our precise outcomes, efficiency or achievements to vary materially from present expectations embody, amongst others, the speed and the tempo of financial restoration following financial downturns; ranges of spending in enterprise and leisure segments in addition to shopper confidence; declines in occupancy and common every day charge; the seasonal and cyclical nature of the actual property and hospitality companies; modifications in distribution preparations, comparable to by web journey intermediaries; modifications within the tastes and preferences of our prospects; the monetary situation of, and {our relationships} with, third-party property homeowners, franchisees, and hospitality enterprise companions; the potential incapability of third-party homeowners, franchisees, or growth companions to entry capital essential to fund present operations or implement our plans for progress; dangers related to potential acquisitions and tendencies and the introduction of latest model ideas; the timing of acquisitions and tendencies, and our skill to efficiently combine accomplished acquisitions with present operations; our skill to efficiently execute on our technique to increase our administration and franchising enterprise whereas on the similar time lowering our actual property asset base inside focused timeframes and at anticipated values; modifications within the aggressive atmosphere in our trade, together with because of trade consolidation, and the markets the place we function; our skill to efficiently develop the World of Hyatt loyalty program; cyber incidents and data know-how failures; and different dangers mentioned within the Firm’s filings with the U.S. Securities and Trade Fee, together with our Annual Report on Type 10-Ok, which filings can be found from the U.S. Securities and Trade Fee. These components are usually not essentially all the essential components that might trigger our precise outcomes, efficiency or achievements to vary materially from these expressed in or implied by any of our forward-looking statements. We warning you to not place undue reliance on any forward-looking statements, that are made solely as of the date of this press launch. We undertake no obligation to replace publicly any of those forward-looking statements to mirror precise outcomes, new data or future occasions, modifications in assumptions or modifications in different components affecting forward-looking statements, besides to the extent required by relevant legislation. If we replace a number of forward-looking statements, no inference ought to be drawn that we’ll make extra updates with respect to these or different forward-looking statements.

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About Hyatt Motels Company
Hyatt Motels Company, headquartered in Chicago, is a number one world hospitality firm with a portfolio of 19 premier manufacturers. As of March 31, 2019, the Firm’s portfolio included greater than 850 properties in over 60 nations throughout six continents. The Firm’s function to look after individuals to allow them to be their greatest informs its enterprise selections and progress technique and is meant to draw and retain high colleagues, construct relationships with visitors and create worth for shareholders. The Firm’s subsidiaries develop, personal, function, handle, franchise, license or present companies to resorts, resorts, branded residences, trip possession properties, and health and spa areas, together with below the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Assortment by Hyatt®, Vacation spot®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Motels®, Hyatt Centric®, Hyatt Home®, Hyatt Place®, Joie de Vivre®, tommie™, Hyatt Residence Membership® and Exhale® model names, and function the World of Hyatt® loyalty program that gives distinct advantages and unique experiences to its valued members. For extra data, please go to www.hyatt.com.