Hotel earnings season has ended, so Skift reviewed what executives at hotel companies belonging to the Skift Travel 200 (ST200) said. We looked at companies beyond the half-dozen largest hotel groups.
Hyatt Checks Out of Hotel Ownership, But Eyes More Deals
05.09.2024 - 18:56 / skift.com / Sean Oneill
Hyatt has nearly shifted to an asset-light model, reaching its target of 80-85% fee-based earnings from properties it doesn’t own. But the hotel group hasn’t declared “mission accomplished” just yet.
Hyatt’s top executives said Thursday they had more hotels to sell. They also plan to supplement their asset-light strategy with tuck-in deals, like their recent acquisition of Mr & Mrs Smith, a hotel booking site.
That’s according to Hyatt’s top execs, who spoke Thursday at the Bank of America Gaming & Lodging Conference.
The Standard is part of a category of hotels that Hyatt and all major groups covet. Hyatt’s CEO has previously said adding luxury and lifestyle brands can create a “network effect,” driving loyalty program growth and engagement.
What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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