Hyatt Hotels Corporation H has been fortifying the company’s position in the luxury hospitality sector with ambitious expansion plans for its Grand Hyatt brand. Known for the company’s bold design, luxurious amenities and iconic guest experiences, Grand Hyatt continues to broaden its global footprint with a mix of new openings and thoughtful renovations in key markets.
Hyatt’s Expansion Into New Markets
Over the next three years, more than 10 Grand Hyatt hotels are set to debut in prominent global destinations. These include firsts in locales such as the Cayman Islands, Rajasthan and St. Lucia.
In 2025, the Grand Hyatt Grand Cayman Resort & Spa will bring world-class amenities, including a destination spa and expansive event spaces, to the heart of Seven Mile Beach. Similarly, Grand Hyatt The Red Sea in Saudi Arabia and Grand Hyatt Cancun Beach Resort in Mexico will combine luxury with stunning natural backdrops, catering to both leisure and business travelers.
Looking ahead to 2027, Grand Hyatt Bangalore and other locations in China, India and the Middle East are poised to attract diverse travelers with premium offerings and strategic positioning.
Elevating Existing Properties of Hyatt
Hyatt is not just building new properties but also reinvesting in its current portfolio. The Grand Hyatt Scottsdale in Arizona underwent a $115 million renovation, while the Grand Hyatt Indian Wells in California transitioned from the Hyatt Regency brand after a $64 million revamp. These upgrades include cutting-edge dining, enhanced meeting spaces and wellness-focused amenities, indicating the evolving preferences of high-end travelers.
Hyatt’s strategic expansion of its Grand Hyatt brand underscores the company’s commitment to luxury and innovation. By entering new markets and enhancing existing properties, Hyatt positions itself to capture growing demand in the leisure and business travel sectors.
For investors, these developments highlight the company's focus on long-term growth and sustained brand excellence, making it a compelling player in the global hospitality industry.
Hyatt currently has a Zacks Rank #3 (Hold). Shares of the company have gained 32.6% in the past year compared with the industry’s growth of 34.9%.
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Key Picks
Here are some better-ranked stocks from the Zacks Consumer Discretionary sector.
Carnival Corporation & plc CCL currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CCL has a trailing four-quarter earnings surprise of 318.1%, on average. The stock has surged 66.8% in the past year. The Zacks Consensus Estimate for CCL’s fiscal 2024 sales indicates growth of 16.6% from year-ago levels.
Norwegian Cruise Line Holdings Ltd. NCLH currently carries a Zacks Rank #2 (Buy). NCLH has a trailing four-quarter earnings surprise of 4.2%, on average. The stock has surged 80.7% in the past year.
The Zacks Consensus Estimate for NCLH’s 2024 sales and EPS indicates growth of 10.2% and 127.1%, respectively, from year-ago levels.
Royal Caribbean Cruises Ltd. RCL currently carries a Zacks Rank #2. RCL has a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 118.8% in the past year.
The Zacks Consensus Estimate for RCL’s 2024 sales and EPS indicates growth of 18.6% and 71.6%, respectively, from year-ago levels.
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Carnival Corporation (CCL) : Free Stock Analysis Report
Hyatt Hotels Corporation (H) : Free Stock Analysis Report
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
