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Hyatt's Luxury & Lifestyle Expansion: Things Investors Need to Know
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Hyatt Hotels Corporation (H - Free Report) continues its strategic focus on expanding luxury and lifestyle properties across the Americas, capitalizing on a strong demand for high-end travel experiences. According to Hyatt’s Mid-Year 2024 Consumer Sentiment and Travel Expectations Report, 88% of consumers still plan to travel for leisure, bolstering the company’s approach of delivering unique, memorable stays for its guests and World of Hyatt members.
With a development pipeline of over 20 new and planned openings through 2025, Hyatt is positioning itself to capture a growing market of leisure travelers. The openings span across destinations including the United States, Canada, Mexico, Latin America and the Caribbean.
New properties, like the Andaz Miami Beach and Hyatt Centric hotels in Costa Rica and the Dominican Republic, are set to open in 2024. These additions, along with recent renovations and openings such as the Grand Hyatt Indian Wells Resort in California, highlight the brand’s commitment to offering elevated and localized experiences for its guests.
In 2025, Hyatt intends to expand its luxury and lifestyle offerings, particularly in the Americas. Key openings include the first Park Hyatt and Dream Hotels in Mexico and new resorts in the Dominican Republic, St. Lucia and Grand Cayman. These properties will likely strengthen Hyatt’s position in the competitive high-end hospitality market.
Strategic Acquisitions to Boost Lifestyle Offerings
Hyatt is set to enhance its lifestyle portfolio with the acquisition of Standard International, the pioneer behind lifestyle brands such as The Standard and Bunkhouse Hotels. The integration of these properties into the World of Hyatt loyalty program will provide the company's 48 million members with additional lifestyle properties. Moreover, Hyatt plans to launch a new lifestyle group, which will include restaurant and nightlife venues like The Boom Boom Room and Le Bain. This move will likely deepen Hyatt’s engagement with its clientele, offering world-class dining and entertainment experiences.
World of Hyatt: Elevating Loyalty Benefits
Hyatt’s growth is not just limited to its property portfolio. Its reimagined World of Hyatt loyalty program continues to offer members unparalleled benefits. Through partnerships with boutique hotel chains like Mr & Mrs Smith and upscale outdoor resorts with Under Canvas, Hyatt has expanded its reach to over 700 luxury properties worldwide. The program also emphasizes wellness and rejuvenation, offering exclusive experiences in collaboration with Peloton, Headspace and MasterClass.
Strong Market Performance of H Stock
Image Source: Zacks Investment Research
Hyatt’s ongoing expansion efforts have reflected positively in its stock performance. So far this year, shares have gained 16.8%, outperforming the industry’s 12.3% growth. Also, attributes of increase in demand, innovative loyalty initiatives and strong brand positioning are likely to have added to the positives.
With its robust pipeline of luxury properties and commitment to delivering exceptional guest experiences, Hyatt is poised to strengthen its leadership in the global hospitality industry, making it a solid option for both travelers and investors alike. Earnings estimates for 2024 have increased in the past 30 days, depicting analysts' optimism regarding the stock’s growth potential.
Norwegian Cruise Line has a trailing four-quarter earnings surprise of 5.7%, on average. The stock has rallied 38.1% in the past year. The Zacks Consensus Estimate for NCLH’s 2024 sales and earnings per share (EPS) calls for growth of 9.8% and 125.7%, respectively, from the year-ago levels.
DoubleDown Interactive has a trailing four-quarter earnings surprise of 26%, on average. The stock has surged 56.5% in the past year. The Zacks Consensus Estimate for DDI’s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from the year-ago levels.
Carnival has a trailing four-quarter earnings surprise of 320.4%, on average. The stock has increased 36.5% in the past year. The Zacks Consensus Estimate for CCL’s 2025 sales and EPS indicates an increase of 4.7% and 28.8%, respectively, from the year-ago levels.
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Hyatt's Luxury & Lifestyle Expansion: Things Investors Need to Know
Hyatt Hotels Corporation (H - Free Report) continues its strategic focus on expanding luxury and lifestyle properties across the Americas, capitalizing on a strong demand for high-end travel experiences. According to Hyatt’s Mid-Year 2024 Consumer Sentiment and Travel Expectations Report, 88% of consumers still plan to travel for leisure, bolstering the company’s approach of delivering unique, memorable stays for its guests and World of Hyatt members.
With a development pipeline of over 20 new and planned openings through 2025, Hyatt is positioning itself to capture a growing market of leisure travelers. The openings span across destinations including the United States, Canada, Mexico, Latin America and the Caribbean.
New properties, like the Andaz Miami Beach and Hyatt Centric hotels in Costa Rica and the Dominican Republic, are set to open in 2024. These additions, along with recent renovations and openings such as the Grand Hyatt Indian Wells Resort in California, highlight the brand’s commitment to offering elevated and localized experiences for its guests.
In 2025, Hyatt intends to expand its luxury and lifestyle offerings, particularly in the Americas. Key openings include the first Park Hyatt and Dream Hotels in Mexico and new resorts in the Dominican Republic, St. Lucia and Grand Cayman. These properties will likely strengthen Hyatt’s position in the competitive high-end hospitality market.
Strategic Acquisitions to Boost Lifestyle Offerings
Hyatt is set to enhance its lifestyle portfolio with the acquisition of Standard International, the pioneer behind lifestyle brands such as The Standard and Bunkhouse Hotels. The integration of these properties into the World of Hyatt loyalty program will provide the company's 48 million members with additional lifestyle properties. Moreover, Hyatt plans to launch a new lifestyle group, which will include restaurant and nightlife venues like The Boom Boom Room and Le Bain. This move will likely deepen Hyatt’s engagement with its clientele, offering world-class dining and entertainment experiences.
World of Hyatt: Elevating Loyalty Benefits
Hyatt’s growth is not just limited to its property portfolio. Its reimagined World of Hyatt loyalty program continues to offer members unparalleled benefits. Through partnerships with boutique hotel chains like Mr & Mrs Smith and upscale outdoor resorts with Under Canvas, Hyatt has expanded its reach to over 700 luxury properties worldwide. The program also emphasizes wellness and rejuvenation, offering exclusive experiences in collaboration with Peloton, Headspace and MasterClass.
Strong Market Performance of H Stock
Image Source: Zacks Investment Research
Hyatt’s ongoing expansion efforts have reflected positively in its stock performance. So far this year, shares have gained 16.8%, outperforming the industry’s 12.3% growth. Also, attributes of increase in demand, innovative loyalty initiatives and strong brand positioning are likely to have added to the positives.
With its robust pipeline of luxury properties and commitment to delivering exceptional guest experiences, Hyatt is poised to strengthen its leadership in the global hospitality industry, making it a solid option for both travelers and investors alike. Earnings estimates for 2024 have increased in the past 30 days, depicting analysts' optimism regarding the stock’s growth potential.
H's Zacks Rank & Key Picks
Hyatt currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Consumer Discretionary sector are Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) , DoubleDown Interactive Co., Ltd. (DDI - Free Report) and Carnival Corporation & plc (CCL - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Norwegian Cruise Line has a trailing four-quarter earnings surprise of 5.7%, on average. The stock has rallied 38.1% in the past year. The Zacks Consensus Estimate for NCLH’s 2024 sales and earnings per share (EPS) calls for growth of 9.8% and 125.7%, respectively, from the year-ago levels.
DoubleDown Interactive has a trailing four-quarter earnings surprise of 26%, on average. The stock has surged 56.5% in the past year. The Zacks Consensus Estimate for DDI’s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from the year-ago levels.
Carnival has a trailing four-quarter earnings surprise of 320.4%, on average. The stock has increased 36.5% in the past year. The Zacks Consensus Estimate for CCL’s 2025 sales and EPS indicates an increase of 4.7% and 28.8%, respectively, from the year-ago levels.