Good morning from Skift. It’s Tuesday, September 12. Here’s what you need to know about the business of travel today.
25.08.2023 - 14:22 / skift.com / Mark Hoplamazian
Hyatt has been active in recent months devising creative ways to market its brands while competing against home rental platforms at the same time. So what’s the main message Hyatt has been conveying to prospective guests?
It’s focused on promoting a feeling of being at home while staying at its properties, especially its Hyatt House hotels. Hyatt kicked off its rebrand of the Hyatt House in late September with a digital campaign featuring the slogan “Home is Where,” an effort that represents a shift from its longtime focus on attracting business travelers. The campaign centers on human experiences that make a house a home, including waking up with a pet or taking work calls in sweatpants.
With leisure travel demand driving the company’s recovery, Hyatt has seen the brand’s customer base diversify to include more travelers on family getaways as well as those partaking in blended leisure and business trips. The Hyatt House has 129 hotels across more than 100 cities worldwide in its portfolio.
“We’ve seen traveler habits shift dramatically throughout the pandemic, and it was a strategic opportunity to refresh the brand to fit our expanding customer base,” said Emily Wright, Hyatt’s global brand leader.
“A Hyatt House hotel creates an atmosphere of community … We see this as an essential part of what it means to live in a home rather than a hotel stay, and this new rebranding campaign perfectly captures that notion,” Wright said.
As part of the rebrand, Hyatt House will feature an updated brand identity showcasing a new design and color palette that’s part of its effort to make guests feel at home in its hotels. The new brand collateral will be rolled out globally this year.
Hyatt also unveiled a video series late last year featuring hotels in Europe that are part of its Unbound Collection brand, which the short ads showcasing the culture and cuisine of destinations throughout the continent. Hyatt CEO Mark Hoplamazian is particularly bullish on growth in Europe, having announced plans last month to expand its luxury portfolio over the next three years.
Meanwhile, Hyatt India debuted a video in December titled Perfectly Yours that highlights the level of detail hotel teams put into hosting weddings. With India’s population projected to surpass China’s in the first half of 2023, expect to more major hotel companies to invest in India with the aim of taking advantage of a rapidly growing customer base.
Good morning from Skift. It’s Tuesday, September 12. Here’s what you need to know about the business of travel today.
In the world of short-term rentals, there are many ways people can book a stay. Offline bookings continue to make up a significant chunk of the market, albeit a declining one, and there are many niche online booking platforms, as highlighted in our Skift Short-Term Rental 250 map.
Can hotels exert more influence in policy-making? Where will future development growth come from? Is generative AI relevant to the hotel sector? These and other subjects will be top of mind for us as we interview top bosses at Hilton, Hyatt, Accor, and other hotel leaders on-stage at the Skift Global Forum in New York on September 26-28.
Blueground is seeing its apartments being rented out as safe havens from political upheavals.
Just about everyone has heard of Airbnb.
A new study on the impact of short-term rentals in Puerto Rico, where the proliferation of Airbnb listings played an outsized role in its tourism recovery following Hurricane Maria, found that a 10 percent increase in short-term rental density in relation to the total number of housing units, led to a 7 percent increase in median rents and a 23 percent jump in housing unit prices.
In an era when travelers see short-term rentals as an ever-more attractive choice, Booking.com’s mix of bookings for these types of accommodations on its platforms in the third quarter ticked up just “slightly” compared with 2019 to around 30 percent, the company said. Isn’t this an historic failure? Shouldn’t Booking.com be gaining more ground?
California-based RedAwning announced it acquired channel manager Lexicon Travel Technologies. Terms of the deal were not disclosed.
Due to an increase in demand in the short-term rental sector, Skift is back with our Skift Short-Term Rental Summit on June 7 in New York City. Building upon Skift’s comprehensive coverage of short-term rentals, this summit will focus on the forefront of the impact of technology, platforms, and professionalization on both the urban and traditional vacation rental category.
Hyatt Hotels Corp., which enjoyed a blockbuster financial performance in 2022, forecasted Thursday continued success this year, especially in the first half. The company expects to benefit from growing consumer interest in its lifestyle, luxury, and resort properties, returning group reservations for its banquet halls, and an expanding room count.
In the era of slow travel and quicker planning, those who wait until late might win.
There is now another subscription service for short-term rentals.