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Hyatt Hotels is once again doubling down on the segment by bringing in nearly two dozen properties from a hotel brand that is well-known to sun lovers.
The Chicago-based hospitality company announced on Monday a new, long-term 50-50 joint venture with the Spanish hotel operator Grupo Piñero that will add 23 resorts to Hyatt’s all-inclusive portfolio, growing its room count by nearly a third.
The properties include 22 properties in the Bahia Principe Hotels & Resorts stable—comprising over 12,000 rooms—mainly in sun-soaked destinations such as the Dominican Republic, Mexico, and Jamaica. Also included in the deal is the Cayo Levantado Resort in the Dominican Republic.
With this and already the global leader in the segment, Hyatt just grew its all-inclusive portfolio by 30% more rooms with the addition of nearly two dozen sun-soaked properties in the Caribbean, Mexico and Spain.
#foodforsenses#recruiterlife
Today on Forbes High, its new joint venture cements its lead in all inclusive segment. Already the global leader in all inclusive resorts, Hyatt Hotel is once again doubling down on the segment by bringing in nearly two dozen properties from a hotel brand that is well known to sun lovers. The chicago-based hospitality company announced in late October a new long term 5050 joint venture with the Spanish hotel operator Grupo Pinero that will add 23 resorts to Hyatt all inclusive portfolio, growing its room count by nearly 1/3. The properties include 22 properties in Bahia Principe Hotel and Resorts stable comprising over 12,000 rooms mainly in sun soaked destinations such as the Dominican Republic, Mexico and Jamaica. Also included in the deal is the Kaio Levantado Resort in the Dominican Republic. In a statement, Hyatt CEO Mark Kaplan Asian said folding the Bahia Principe Resorts into Hyatts inclusive collection would quote strengthen our leadership. Position UN quote in the all inclusive space, adding that it would also create new opportunities for the 40 million members of the World of Hyatt loyalty program. That benefit cuts both ways for Group of Piniero. The big upside is gaining access to Heights distribution network and, equally important, to bookings from Hyatt's legions of loyalty program members. Encarna Pinero, CEO of Grupo Pinero, framed the deal as quote a clear path to build on the company success and growth strategy for the future. Hi. It's larger rivals Marriott and Hilton have also moved into the all inclusive arena. Notably, Hilton has expanded its all inclusive room footprint in the Caribbean and Latin America by more than 75% since the pandemic. Hyatt became the world's largest operator of luxury all inclusives in 2021 with its $2.7 billion acquisition of Apple Leisure Group, which bolstered its Hyatts inclusive collection across 9 brands with more than 120 resorts across 40 beachfront destinations and 11 countries. All inclusive resorts have enjoyed an enormous surge in popularity in recent years, particularly since the COVID-19 pandemic. Gone or the mediocre buffets, bottom shelf pina coladas and cheesy entertainment from decades past. The new wave of all inclusives is all about luxury, offering enticements from gourmet a la carte dining to personal Butler service to high end experiences unique to their locales.
Hyatt Hotels is once again doubling down on the segment by bringing in nearly two dozen properties from a hotel brand that is well-known to sun lovers.
The Chicago-based hospitality company announced on Monday a new, long-term 50-50 joint venture with the Spanish hotel operator Grupo Piñero that will add 23 resorts to Hyatt’s all-inclusive portfolio, growing its room count by nearly a third.
The properties include 22 properties in the Bahia Principe Hotels & Resorts stable—comprising over 12,000 rooms—mainly in sun-soaked destinations such as the Dominican Republic, Mexico, and Jamaica. Also included in the deal is the Cayo Levantado Resort in the Dominican Republic.
With this and already the global leader in the segment, Hyatt just grew its all-inclusive portfolio by 30% more rooms with the addition of nearly two dozen sun-soaked properties in the Caribbean, Mexico and Spain.
#foodforsenses#recruiterlife
More than 50% of hotel revenue comes from returning guests. This shows just how important great service and memorable stays are! 🏨✨
We’d love to hear your thoughts:
👉 What key factors make you choose a hotel again?
👉 Share your most memorable hotel experience in the comments below.
Join the conversation and let’s continue shaping the future of hospitality. #CustomerLoyalty#GuestExperience#HospitalityExcellence#PlayotelHotels#playotel#hospitalitynews#hotels#hospitalityfacts
New article alert! Hotel Dive has just released an article featuring hospitality professionals sharing their predictions about the extended stay market. As guests continue to demand accommodations in this category, the article highlights brands to watch in 2024. Check it out here: https://lnkd.in/ejq2SbyN#Hospitality#ExtendedStayMarket#HotelDive
Overbooking is a common practice in the hotel industry where a hotel accepts more reservations than its total room capacity. This phenomenon occurs due to the expectation that some reservations will be canceled or that some guests will not show up. Although this practice may seem advantageous from a financial point of view, avoiding empty rooms, can also cause many problems and frustrations for both guests and hotel management.
Read the entire content now at: https://lnkd.in/dT8MB5JT#erbon#erbonhospitality#technology#globalization#hotels#hospitality#hotelmanagementsoftware#Blog#ErbonBlog
🏨 Top Hotel Industry Leaders for 2024
🤑 1. Brand Value
Hilton leads with nearly $12B, far outpacing Hyatt Hotels Corporation. Hilton’s diverse brands, whether owned, managed, or franchised, play a huge role in its dominance.
🏩 2. Properties
Wyndham Hotels & Resorts Hotels and Resorts tops globally with over 9,000 hotels.
💰 3. Revenue
Marriott International, with $24B in 2023, ranks first for sales, followed by MGM Resorts International Resorts, according to Forbes.
💵 4. Market Value
Marriott also claims the highest market value at $54B in 2023.
🌍 5. Occupancy Rates
Europe’s hotel occupancy exceeded 70% in May 2024!
#HotelIndustry#HotelIndustryLeaders#HospitalityIndustry
🎇 97% of hotel guests trust reviews – is your hotel keeping up?
Almost every hotel guest reads reviews before booking! According to a recent Accor study, 97% of guests check reviews, and cleanliness tops their concerns. With 85% of couples and 82% of families relying on reviews, it's clear they play a crucial role in decision-making.
What steps are you taking to address this fundamental aspect of guest decision-making?
#hospitality#hotels#guestexperience#seamlessexperience#digitalmenu#taskmanagement#stafftraining
Engaging the right strategies during off-peak seasons can make a significant difference in your hotel's revenue and occupancy rates. Here's how you can maximize your hotel's potential even when business is slow. 🏨🪄
https://lnkd.in/grahuPvJ#hospitality#hotels#peakseason
💡 One of the perks of running a hotel can be that revenue can be generated from a variety of different streams, not only bedrooms.
In our latest article by our Chief Revenue Officer & Founder, Dominic Jackson, CRME, we share “6 Ways To Grow Your Hotel Ancillary Revenue”. As always, his ideas and tips are drawn from real world hotel industry experience over the past 15 years!
Read the article in full on our website now👇
https://lnkd.in/emXUrmdB#ancillaryrevenue#hotels#revenuemanagement
A kitchenette in a hotel room significantly enhances the guest experience, providing convenience and flexibility. With trends showing more people choosing hotels based on this amenity, investing in kitchenettes proves to be a wise decision for hoteliers seeking to attract and retain guests. It offers guests the opportunity to prepare meals according to their preferences, saving time and money. Overall, having a kitchenette adds value and versatility to the accommodation, making it an investment worth considering.
