Hyatt says it now has a pipeline of just under 130,000 rooms – a record figure and up nearly 85 per cent since 2017.
The group said that the figure had been driven by growth in its lifestyle and resort segments, as well the recent launch of its Hyatt Studios extended stay brand.
Upcoming additions to the group’s lifestyle portfolio include:
Thompson Palm Springs (expected to open in September), Andaz Miami Beach (2024), Thompson Miami Beach (2024), Andaz Doha (2024), Thompson Rome (2025), Andaz One Bangkok (2025), Thompson Shanghai Expo (2025), Caption by Hyatt Ba Son Saigon (2025), Caption by Hyatt Sydney Capitol Square (2025), Andaz Turks & Caicos at Grace Bay (2026) and Thompson Seville (2026).
Hyatt said that it now has more than 250 deals in various stages of negotiation for the Hyatt Studios concept, with confirmed agreements for locations including Barrie (Ontario), Oxford (Mississippi), Chesapeake (Virginia), Jacksonville (Florida), Billings (Montana) and Lehigh Valley (Pennsylvania).
The group’s Grand Hyatt brand will welcome rebranded properties in Indian Wells, Scottsdale and Singapore this year, as well as new build hotels in Kunming, Deer Valley, Grand Cayman, Mexico City, Los Cabos and St Lucia between now and 2026.
Meanwhile the growth of Hyatt’s Inclusive Collection will see the addition of Dreams Madeira Resort Spa & Marina (2024), Secrets Playa Esmeralda Punta Cana (2024) and Secrets Baby Beach Aruba (2025).
The group recently announced plans to open the first properties under its ATONA hot spring ryokan brand in Japan by 2026.
Commenting on the news Mark Hoplamazian, president and chief executive officer, Hyatt, said:
“Hyatt’s ability to lead the industry in net rooms growth for seven years is a result of our unique approach to development. We strategically expand our portfolio of brands, intentionally selecting new and existing markets to enhance our network effect for owners and guests.
“Our commitment to thoughtful organic growth and strategic acquisitions amplifies our asset-light business model. Our goal is not to be the largest hospitality company, but the company most valued by colleagues, guests, and owners.”
