Hyatt's Pipeline is 40% in China
Photo Credit: Exterior of the Grand Hyatt Beijing. Hyatt Hotels Corporation
Skift Take
Hyatt aims to expand its presence in China's economy and midscale hotel segments, leveraging local partnerships and focusing on second and third-tier cities.
Hyatt said about 40% of their pipeline of 127,000 hotel rooms is in China. While a majority of China’s hotels are independently run on a small scale, Hyatt, other international hotel groups and Chinese homegrown groups like Jinjiang and H World all believe more owners will sign up to become franchises of global brands. Over 90% of Hyatt’s properties in China are in the economy and midscale segments. They want to expand their limited service offering in China’s second tier and third tier cities. Hyatt continues to work with local partners to grow, evidenced by last month’s deal with Hangzhou Trade and Tourism Group and The Dragon Group, partnerships to add independent and select-service hotels to its network.
IHG Hotels & Resorts has reached 1,012 hotels open in Asia Pacific with openings in the past year being noted across its Holiday Inn Hotels & Resorts, InterContinental Hotels & Resorts, Regent Hotels & Resorts, Hotel Indigo, Vignette Collection
