Grand Hyatt Is Having a Global Moment
Photo Credit: Exterior view of the pool at Grand Hyatt Scottsdale Resort. Hyatt Corporation
Skift Take
Grand Hyatt is rapidly expanding and enhancing its global portfolio, with over 10 new hotels opening by 2027 and extensive renovations across existing properties to meet the evolving needs of luxury travelers.
It was another interesting day in the financial markets with the DJIA down 121, Nasdaq up 196, the S&P 500 was up 23 points and the 10-year treasury yield was down .04 to 4.38%. Lodging stocks were mixed. SOHO and SVC both traded down to new lows on the day.
STR and Tourism Economics gave their final U.S. hotel forecast revision for 2024, and it is to the downside. Both ADR and RevPAR projections were downgraded by -0.5 percentage points to +1.5% and -0.6 percentage points to +1.4%, respectively. Occupancy for the year was lowered by -0.1 ppts to 62.9%. For 2025 they lowered the occupancy forecast by -0.4 ppts and the forecast for ADR and RevPARincreases were lowered to +1.6% and +1.8% respectively.
The Grand Hyatt brand continues to expand its global footprint in key destinations that matter most to guests, World of Hyatt members, customers, and owners. Building on the latest openings
