Hyatt’s pipeline reaches record 129,000 rooms
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).
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.