Mark Hoplamazian travel tips

Top Hyatt executives said on Tuesday they planned to create hotels and resorts in two destinations on Mexico’s Caribbean coast — Tulum and Isla Mujeres — with about 5,000 rooms together.

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?

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.

Good morning from Skift. It’s Friday, February 17. Here’s what you need to know about the business of travel today.

“An Outstanding year,” “thrilled to report,” “record-breaking…” every U.S. hotel group CEO has been jubilant in their earnings calls these past days.

Hyatt Hotels Corp. raised its financial outlook for the year ahead, calling out expected strength in Europe and Asia Pacific as especially key factors for its hotels and resorts, which skew to premium and luxury segments.

Hotel bookings will continue to boom despite inflation. A lack of hotel construction is giving pricing power to existing hotels. At the same time, rising demand from corporate group events and international travelers from China and India are tailwinds supporting the sector.

The health of business travel remains a huge open question, but Hyatt, for one, pointed to positive signs when it reported second-quarter results Thursday.

Good morning from Skift. It’s Friday, August 4. Here’s what you need to know about the business of travel today.