Hyatt's transformative growth continues this year with planned acquisition of Dream Hotel Group, global expansion of Caption by Hyatt brand and organic growth of Hyatt’s global portfolio.
The group announced a record pipeline of approximately 117,000 rooms worldwide as of year-end 2022, and this growth will continue in 2023. Furthermore, nearly one in four pipeline properties is classified as a lifestyle hotel, representing 10 percent of the existing base of hotels, strengthening Hyatt’s leadership position in the luxury, lifestyle and leisure segments.
A notable driver of this growth is the announced asset-light acquisition of Dream Hotel Group's lifestyle hotel brand and management platform which is expected to bring established lifestyle hotel brands, including Dream Hotels, Unscripted Hotels and The Chatwal, into the Hyatt portfolio.
The acquisition will welcome more than 600 new colleagues into the Hyatt family and will extend Hyatt’s brand footprint in strategic destinations including Nashville, Hollywood, Las Vegas, Doha and New York City.
Additionally, the Caption by Hyatt brand is poised for significant growth following the successful opening of Caption by Hyatt Beale Street Memphis in 2022. The brand is expected to grow its presence in Tennessee with Caption by Hyatt Chattanooga, set to open in 2024, and enter California with both Caption by Hyatt Roseville and Caption by Hyatt Sacramento, both set to open in 2026.
The Caption by Hyatt brand is also expanding internationally with previously announced properties expected to open in China and Japan in 2023, Vietnam in 2025 and Sydney in the coming years.
The Park Hyatt brand has also a strong pipeline with the opening of Park Hyatt Johannesburg in late 2023 in South Africa and Park Hyatt Marrakech, marking the brand’s entrance in Morocco. The brand returns to London with Park Hyatt London River Thames and expands in the Asia Pacific region with Park Hyatt Taipei (Taiwan), Park Hyatt Kuala Lumpur (Malaysia) and Park Hyatt Phu Quoc (Vietnam) in 2024.
In 2023, the Andaz brand will celebrate expansion into new markets with the opening of Andaz Doha in Qatar, Andaz Pattaya Jomtien Beach in Thailand, Andaz Mexico City Condesa, Andaz Macau, and Andaz Nanjing Hexi in Greater China.
Hyatt’s Boundless Collection and Independent Collection feature a healthy pipeline of expected openings in 2023 and 2024 including Thompson Palm Springs and Thompson Houston; Hyatt Centric Congress Avenue Austin, Hyatt Centric Zhongshan Park Shanghai, and Hyatt Centric Xi’an Gaoxin; Banyan Cay Resort & Golf in West Palm Beach and The Grand Resort in Qingchengshan; debut of the JdV by Hyatt brand in Rhode Island, with The Pell, and in India with Ronil; NUMU Boutique Hotel in San Miguel de Allende, Mexico.
Simultaneously, the group introduces all-inclusive premier brands around the world, with expected openings in 2023 spearheaded by growth across Bulgaria’s popular Black Sea destinations and the recent launch of Secrets Impression Resorts & Spas. The new line extension celebrated the opening of Secrets Impression Moxché Playa del Carmen in December 2022 and expects to welcome its second property, Secrets Impression Isla Mujeres later this year.
Moreover, the Hyatt House brand recently underwent a brand refresh and the group is expected to add an impressive line-up of Hyatt Place and Hyatt House properties globally over the coming years including in key emerging leisure hotspots and business travel destinations in the U.S. and Canada. Additionally, in 2023 the brands are expected to make their international market entries in Guyana and Estonia.
Through our intentional long-term growth strategy and by working closely with owners, Hyatt boasts five years of industry-leading organic net rooms growth. Owners want to work with us because of our expertise, performance track record and optimal positioning in the industry. We have global scale, but we are nimble enough to create personal relationships, draw on our own experiences and lead with empathy.
Jim Chu, executive vice president, chief growth officer, Hyatt