Hyatt focused on driving asset-light growth
Driving Industry-Leading Growth: Sustaining leading net rooms growth by increasing owner preference for Hyatt brands |
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Hyatt focused on driving asset-light growth
Driving Industry-Leading Growth: Sustaining leading net rooms growth by increasing owner preference for Hyatt brands |
Category: Worldwide - Exclusive experiences
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This is a press release selected by our editorial committee and published online for free on 2019-03-06
Personalizing the guest and customer experience: Enhancing the value of World of Hyatt
Transforming the earnings profile: Expanding asset sell-down program with an additional $1.5B in asset sales by early 2022
Hyatt Hotels Corporation (NYSE: H) will host an Investor Day today in New York City, in which it will share details around the company’s performance and its strategy to create long-term shareholder value by driving asset-light growth.
In its presentation, Hyatt will detail its long-term growth strategy and its three-prong approach to Maximizing its Core Business, Integrating new Growth Platforms, and Optimizing Capital Deployment. Across its 19 brands serving the high-end traveler, Hyatt is focused on caring for its guests and customers through personalized experiences that are designed to result in enhanced loyalty and superior hotel operating performance, leading to increased owner preference and continued significant net rooms growth.
“We are focused on a powerful strategy centered on personalizing the guest and customer experience,” said Mark Hoplamazian, president and chief executive officer, Hyatt Hotels Corporation. “We believe that our strategy will allow us to sustain superior revenue growth and that our continued focus on delivering excellent results for our hotel owners will allow Hyatt to sustain leading net rooms growth in the future.”
Consistent with a commitment to grow in an asset-light manner, Hyatt will share details on the evolution of its capital strategy including an expansion of its asset sell-down program by $1.5 billion in gross proceeds over the next three years, assuming market conditions allow for the sale of assets on attractive terms to create shareholder value.
All interested persons may listen to a simultaneous webcast of the Investor Day, from approximately 12:30 p.m. to 3:30 p.m. CT. The webcast and a copy of the presentation may be accessed through the Company’s website at www.hyatt.com and by selecting the Investor Relations link located at the bottom of the page, or http://investors.hyatt.com. A copy of the presentation will be available on the Company’s website on Tuesday, March 5, 2019, prior to the commencement of the webcast. For those unable to listen to the live broadcast, an archive of the webcast will be available on the Company’s website.
About Hyatt Hotels CorporationHyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 19 premier brands. As of December 31, 2018, the Company's portfolio included more than 850 properties in 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Hyatt House, Hyatt Place, Joie de Vivre, tommie, Hyatt Residence Club and Exhale brand names, and operates the World of Hyatt loyalty program that provides distinct benefits and exclusive experiences to its valued members
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