This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230602005309\/en\/<\/a><\/p>\n Hyatt Studios Exterior Image. (Photo: Business Wire)<\/p>\n<\/div>\n \nHyatt further continues its transformative growth journey on the heels of doubling the number of luxury rooms, tripling the number of resort rooms, and quadrupling the number of lifestyle rooms over the past five years. Hyatt is poised to build upon that momentum with expansive opportunities globally across its brand portfolio and immediate developer interest in Hyatt Studios, Hyatt\u2019s new extended-stay brand entry into the upper-midscale segment in the Americas.<\/p>\n \n\u201cOur competitive advantage is that we have vast areas of white space for development and a rapidly growing World of Hyatt loyalty member base,\u201d said Jim Chu, executive vice president & global growth officer. \u201cWe average four hotels in markets where we have hotels whereas our competition averages 14, meaning fertile territory for developers who don\u2019t have to worry about intra-brand competition.\u201d<\/p>\n Loyal Members Drive High-Quality Revenue for Owners<\/span><\/b><\/p>\n \nHyatt\u2019s growth is fueled by the World of Hyatt loyalty program\u2019s member base, which has grown 260% over the past five years. Data shows that World of Hyatt members are looking for more opportunities to stay with Hyatt \u2013 in more segments and more markets. By listening to guests who previously stayed at Hyatt but opted to stay with a competing brand, it was primarily for two reasons: there was no Hyatt hotel within five miles, or they opted to stay a lower chain scale. Hyatt Studios hotels will present a solution to both for guests.<\/p>\n \nData also shows that World of Hyatt members enjoy almost 50 percent more stays in a year than non-members and spend over 70 percent more per year with Hyatt than guests who are non-members. Since the launch of the Inclusive Collection, loyalty penetration across legacy Apple Leisure Group resorts in the Americas grew to21 percent in just one year.<\/p>\n \n\u201cWorld of Hyatt members represent high-quality revenue for owners and operators,\u201d said Mark Vondrasek, chief commercial officer, Hyatt. \u201cOur members spend more, stay more and seek out Hyatt for different stay occasions, as evidenced by the significant increase in Brand Explorer awards, which reward guests every time they stay at five different Hyatt brands.\u201d<\/p>\n \nAs part of Hyatt\u2019s previously announced exclusive franchise agreements with Lindner Hotels & Resorts, more than 30 Lindner Hotels and me and all hotels will soon join the JdV by Hyatt brand and the World of Hyatt loyalty program, enabling members to earn and redeem points in 15 new destinations across Europe.<\/p>\n Organic Growth Continues Across All of Hyatt\u2019s Brand Collections<\/span><\/b><\/p>\n Boundless Collection<\/b> hotels deliver best-in-class offerings and compelling experiences designed to excite and inspire. Hotels slated to open in 2023 and beyond include:<\/p>\n Timeless Collection<\/b> hotels deliver impeccable service and thoughtful amenities. With robust revenue growth in the group segment during the first quarter, Hyatt continues to strengthen its Timeless Collection brand footprint globally:<\/p>\n Inclusive Collection<\/b> represents the largest collection of luxury all-inclusive resorts in the world and delivers immersive, elevated experiences where everything is seamlessly included. The Inclusive Collection is expected to debut six new resorts by the end of 2024, highlighted by:<\/p>\n Independent Collection <\/b>hotels are all unique \u2013 from storied properties and vibrant neighborhood locales to immersive retreats. This collection offers travelers enriching experiences in distinct and exciting ways, spotlighted by planned openings that include:<\/p>\n \nFor more information about Hyatt hotels, please visit: www.hyatt.com<\/a>.<\/p>\n The term \u201cHyatt\u201d is used in this release for convenience to refer to Hyatt Hotels Corporation and\/or one or more of its affiliates.<\/i><\/p>\n In connection with the Mr & Mrs Smith transaction, Credit Suisse served as financial advisor to Hyatt and Linklaters LLP acted as its legal advisor. Arrowpoint Advisory (part of Rothschild & Co) served as financial advisor to Mr & Mrs Smith and Fieldfisher LLP acted as its legal advisor.<\/i><\/p>\n About Hyatt Hotels Corporation<\/b><\/p>\n \nHyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose \u2013 to care for people so they can be their best. As of March 31, 2023, the Company\u2019s portfolio included more than 1,250 hotels and all-inclusive properties in 75 countries across six continents. The Company’s offering includes brands in the Timeless Collection<\/i>, including Park Hyatt\u00ae<\/i><\/b>, Grand Hyatt\u00ae<\/i><\/b>, Hyatt Regency\u00ae<\/i><\/b>, Hyatt\u00ae<\/i><\/b>, Hyatt Residence Club\u00ae<\/i><\/b>, Hyatt Place\u00ae<\/i><\/b>, Hyatt House\u00ae<\/i><\/b>, Hyatt Studios<\/i><\/b>, and UrCove<\/i><\/b>; the Boundless Collection<\/i>, including Miraval\u00ae<\/i><\/b>, Alila\u00ae<\/i><\/b>, Andaz\u00ae<\/i><\/b>, Thompson Hotels\u00ae<\/i><\/b>, Dream\u00ae Hotels<\/i><\/b>, Hyatt Centric\u00ae<\/i><\/b>, and Caption by Hyatt\u00ae<\/i><\/b>; the Independent Collection<\/i>, including The Unbound Collection by Hyatt\u00ae<\/i><\/b>, Destination by Hyatt\u00ae<\/i><\/b>, and JdV by Hyatt\u00ae<\/i><\/b>; and the Inclusive Collection<\/i>, including Hyatt Ziva\u00ae<\/i><\/b>, Hyatt Zilara\u00ae<\/i><\/b>, Zo\u00ebtry\u00ae Wellness & Spa Resorts<\/i><\/b>, Secrets\u00ae Resorts & Spas<\/i><\/b>, Breathless Resorts & Spas\u00ae<\/i><\/b>, Dreams\u00ae Resorts & Spas<\/i><\/b>, Hyatt Vivid Hotels & Resorts<\/i><\/b>, Alua Hotels & Resorts\u00ae<\/i><\/b>, and Sunscape\u00ae Resorts & Spas<\/i><\/b>. Subsidiaries of the Company operate the World of Hyatt\u00ae loyalty program, ALG Vacations\u00ae, Unlimited Vacation Club\u00ae, Amstar DMC destination management services, and Trisept Solutions\u00ae technology services. For more information, please visit www.hyatt.com<\/a><\/i>.<\/p>\n Forward-Looking Statements<\/b><\/p>\n Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as \u201cmay,\u201d \u201ccould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201cwould\u201d and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; the pace and consistency of recovery following the COVID-19 pandemic and the long-term effects of the pandemic, additional resurgence, or COVID-19 variants, including with respect to global and regional economic activity, travel limitations or bans, the demand for travel, transient and group business, and levels of consumer confidence; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants or other pandemics, epidemics or other health crises; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations, including with respect to our acquisition of Apple Leisure Group and Dream Hotel Group and the successful integration of each business; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations;; and other risks discussed in the Company\u2019s filings with the U.S. Securities and Exchange Commission (\u201cSEC\u201d), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.<\/i><\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230602005309\/en\/<\/a><\/span><\/p>\n![\"Hyatt](\"https:\/\/mms.businesswire.com\/media\/20230602005309\/en\/1809651\/4\/HYATT_STUDIOS_Front_Exterior_Day.jpg\")
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