Hyatt to Advance Leadership Role in Luxury and Lifestyle With Over 50 Hotel Openings Planned in Next Two Years4.12.2024 09:00:00 CET | Press release
Hyatt spotlights ambitious growth strategy in luxury and lifestyle segments, with more focused brand portfolios to unlock the full potential of each brand. Hyatt Hotels Corporation (NYSE: H) today showcased during ILTM Cannes, the world’s leading luxury travel trade show, an impressive pipeline of over 50 luxury and lifestyle hotels set to open worldwide by 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241204645922/en/ Park Hyatt London River Thames (Photo: Business Wire) Luxury travel demand surged in 2023 and continues to rise and with Savills forecasting a 52.8% increase in Europe’s existing luxury hotel stock by 2028, highlighting strong investor confidence in the segment’s long-term growth potential. With 70% of Hyatt’s global rooms categorized as luxury and upper upscale and Hyatt having expanded this portfolio by an impressive 28 luxury hotels and resorts in the past three years and doubled its luxury room coun