Canada Markets close in 6 hrs 25 mins

Hyatt (H) to Boost Presence in The Americas With 45 New Hotels

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·4 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Backed by the high demand for leisure travel in 2021-end and early 2022, Hyatt Hotels Corporation H announced plans to expand its presence across the Americas region. Along with Apple Leisure Group’s AMR Collection brands (Secrets and Dreams), the company intends to add 45 new properties across key urban destinations through 2023.

To support this initiative, the company signed management and franchise agreements for hotel openings in 11 new markets and 19 existing markets across the Americas. The hotels and resorts will join the likes of the Dreams, Hyatt Centric, Hyatt House, Hyatt Place, Hyatt Regency, The Unbound Collection by Hyatt, and Thompson Hotels brands.

Jim Chu, Hyatt’s executive vice president, global franchising and development, stated, “Listening to our guests, World of Hyatt members, and customers has never been more important. As we continue in our recovery from the pandemic, we remain very intentional about where the Hyatt brand footprint grows to ensure we're present in markets that matter most to the leisure-focused traveler of today and tomorrow.”

Focus on Expansion

Hyatt aims to differentiate its brands by providing distinct travel experiences. It is also consistently trying to expand its presence worldwide and plans to expand in Cozumel, Panama City, Punta Cana and South Beach, Denver, Montreal, Oakland and Memphis. To this end, the company announced a solid pipeline of developments that are likely to cater to the company’s intention to expand in the Americas market.

Some of the anticipated openings in new markets for 2022 include Dreams Karibana Cartagena Beach & Golf Resort (in Cartagena, Colombia), Hyatt Centric Ville-Marie Montréal (Montréal, Québec), Hyatt Centric San Salvador (Antiguo Cuscatlan, El Salvador), Hyatt House Monterrey Valle/San Pedro (Monterrey, Mexico), Hyatt Place Gainesville Downtown (Gainesville, FL), Hyatt Place Kent Narrows & Marina (Grasonville, Maryland), Hyatt Place Monterrey Valle (Monterrey, Mexico), Hyatt Place Montréal Downtown (Montréal, Québec), Hyatt Place Panama City Beach (Panama City Beach, Florida), Hyatt Place St. Augustine/Vilano Beach (St. Augustine, FL), Hyatt Regency Mexico City Insurgentes (Mexico City, Mexico) and Numu which will join The Unbound Collection by Hyatt, (San Miguel de Allende, Mexico). The company plans to open Dreams Estrella del Mar Mazatlan (Mazatlan, Mexico) in 2023.

We believe that expansion in these markets would likely help the company gain market share in the hospitality industry and boost business.

Zacks Investment Research
Zacks Investment Research

Image Source: Zacks Investment Research

In the past year, shares of Hyatt have gained 24.8% compared with the industry’s 15.2% growth.

Zacks Rank and Stocks to Consider

Currently, Hyatt carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Some better-ranked stocks from the Zacks Consumer Discretionary sector are Crocs, Inc. CROX, RCI Hospitality Holdings, Inc. RICK and Guess, Inc. GES.

Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 46.9% in the past year.

The Zacks Consensus Estimate for CROX’s 2022 sales and earnings per share (EPS) indicates a rise of 48.8% and 25.8%, respectively, from the year-ago period’s levels.

RCI Hospitality sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 75.8% in the past year.

The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.

Guess carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 4.1% in the past three months.

The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Hyatt Hotels Corporation (H) : Free Stock Analysis Report

Guess, Inc. (GES) : Free Stock Analysis Report

Crocs, Inc. (CROX) : Free Stock Analysis Report

RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting