CHICAGO—Locally-based hotelier Hyatt Hotels Corp. has announced that it intends to open 21 new luxury hotels and resorts Asia Pacific by the end of 2020.
The expansion, which will boost Hyatt's luxury portfolio in the Asia Pacific region by 25%, will be comprised of seven new Park Hyatt branded properties and six hotels each under the Grand Hyatt and Andaz brands, as well as two Alila branded resort properties.
“We are excited to expand our luxury portfolio in Asia Pacific, bringing more distinct experiences through the Park Hyatt, Grand Hyatt, Andaz and Alila brands to destinations that matter most to our guests,” says Carina Chorengel, SVP, commercial, Asia Pacific, Hyatt. “As we expand our resort, lifestyle and wellbeing offerings, we will better cater to today's increasingly diverse luxury travelers who seek greater personalization, whether they are traveling for business or leisure.”
With this expansion, a record number of seven Park Hyatt hotels are expected to open in under two years—a significant milestone for Hyatt, which normally adds an average of one Park Hyatt property per year, the company notes. The Andaz brand, for example, will double its footprint in Asia Pacific during that period with new openings in major cities such as Seoul, Dubai and Shenzhen, alongside resort destinations such as Bali, as well as Sanya and Xiamen in China.
Set to join the World of Hyatt loyalty program later this year following its integration into the Hyatt portfolio in 2018, the Alila brand will add two resorts in Malaysia and Oman next year. In addition, the Grand Hyatt brand will have new hotel property openings in emerging cities in China, India, South Korea, Saudi Arabia and Kuwait.
“We see enormous potential to grow our luxury portfolio in Asia Pacific, which currently accounts for 40% of Hyatt's overall portfolio in the region,” says Patrick Finn, SVP, real estate and development, Asia Pacific, Hyatt. “Hyatt has a distinct and differentiated strategy with each of our brands positioned at the high end of every segment in which we operate, and we are committed to expanding our brand footprint in major business cities, cultural destinations and leisure hot spots that resonate with developers, owners and guests.”
Hyatt planned openings in 2019
Andaz Dubai The Palm in 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
Hyatt planned 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
|Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.