Hyatt's Pipeline Hit a Record High in 2024
Photo Credit: A common area at the Caption by Hyatt Beale Street Memphis. Hyatt Corporation
Skift Take
Hyatt Hotels Corporation announced a record pipeline of 138,000 rooms, expanded its Lifestyle Portfolio with acquisitions, appointed new leaders, and continues to strengthen its brand offerings for growth and profitability.
The DJIA was up 137 points while Nasdaq clawed back more than half of yesterday's decline with a gain of 392 points. The S&P 500 was up 55 points, and the 10-year treasury yield was up .02 to 4.55%. Lodging stocks were modestly higher. WH and IHG both traded up to new highs.
B of A Securities raised their rating on Apple Hospitality to Buy from Neutral. They upped their price target on the hotel REIT to $17 from $16.
UBS cut their price target on Host Hotels to $18 from $19. They maintained their Neutral rating on the stock.
Hyatt Hotels Corporation announced a record pipeline of approximately 138,000 rooms as of year-end 2024. Amar Lalvani, former Executive Chairman of Standard International, now leads Hyatt's new Lifestyle Group as its President & Creative Director, bringing increased focus to brand identities and performance across each lifestyle brand, further enhancing Hyatt's leading position
