Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Hyatt Hotels Corp., which in February announced that its fourth-quarter revenue had doubled, is planning to open a luxury Park Hyatt in August 2014. The super-luxurious complex is going to be situated on 57th Street. It is supposed be a part of Hyatt Hotels Corp.s strategy for global expansion under the lead of CEO Mark Hoplamazian.

The statement of Chief Executive Officer Hoplamazian, who took the lead in 2006, concerning the companys fourth-quarter revenue was cited by the Wall Street Journal: “Looking ahead, we expect healthy occupancy levels in the U.S. to support increasing strength in room prices.”

Even then, Hyatt Hotels Corp.s Chief Executive Officer emphasized on the fact that the company is becoming more focused on global expansion. He said: “During the quarter, we opened 16 hotels, bringing our total hotel openings for the year to 51 hotels.”

He is currently dealing with fierce rivalry coming from both bigger public competitors and independent operators. The company owns 525 hotels in comparison to its largest competitors Marriott International Inc. and Hilton Worldwide, which have around 4 000, and Starwood Hotels & Resorts Worldwide, which own about 1 200.

Recently Hyatt Hotels Corp., which manages, franchises, owns and develops its branded hotels, resorts, residential and vacation properties on a global basis, has been known for making large investments in a variety of destinations all over the world.

Mr. Hoplamazian commented the companys strategy for the Financial Times: “Were punching above our weight. Having a smaller footprint does not impact our ability to perform. We just have to be thoughtful, deliberate and have a presence in key markets.”

Hyatt Hotels Corp. rose by 0.91% in New York by 14:04 GMT to trade at $54.29 per share, marking a one-year change of +25.70%. The company is valued at $8.39 billion. According to CNN Money, the 19 analysts offering 12-month price forecasts for Hyatt Hotels Corp. have a median target of $57.00, with a high estimate of $63.00 and a low estimate of $51.00. The median estimate represents a +5.95% increase from the last previous close of 53.80.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • ASOS Plc share price down, posts fiscal 2015 profit warningASOS Plc share price down, posts fiscal 2015 profit warning Asos Plc, Britains largest online-only fashion retailer, posted a warning for its 2015 profit due to lower selling prices and investments in logistics and technology. The companys shares declined as much as 15% after the third profit reduction […]
  • Forex Market: EUR/GBP daily forecastForex Market: EUR/GBP daily forecast During Friday’s trading session EUR/GBP traded within the range of 0.8102-0.8128 and closed at 0.8122.At 6:09 GMT today EUR/GBP was losing 0.09% for the day to trade at 0.8115. The pair touched a daily low at 0.8115 at 6:11 […]
  • Royal Bank of Canada share price up, reports growing sales and profitRoyal Bank of Canada share price up, reports growing sales and profit Royal Bank of Canada posted Q3 earnings today, beating estimates and logging the best results on record in its capital markets, insurance and wealth management divisions.RBC, Canadas second-largest banks by assets, logged sales of 8.98 […]
  • Natural gas rebounds on demand outlookNatural gas rebounds on demand outlook Natural gas recovered on Wednesday from yesterdays losses on outlook for below-average temperatures in key U.S. consuming areas, causing households to crank up the heating. The fuel fell on Tuesday on speculations that the colder weather wont […]
  • The largest foreign automakers in an epic battle over the Chinese marketThe largest foreign automakers in an epic battle over the Chinese market The largest foreign auto makers have recently started a fierce competition after three years of seizing market share from Chinese rivals. The goal of highest priority for Ford Motor Co., Volkswagen AG and Hyundai Motor Co. is to record […]
  • Carlyle Group share price down, makes first investment in South AfricaCarlyle Group share price down, makes first investment in South Africa Carlyle Group LP, one of the world’s largest private equity groups, has agreed to buy South Africas Tiger Automotive, marking its first investment in the country.The US buyout firm purchased TiAuto, a vehicle parts and tire retailer in […]