Hyatt Hotels Corporation
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Transcript of Hyatt Hotels Corporation
PRESENTED BY :- VIKAS GUPTAROLL NO. :- 9209PROGRAMME :- MHMCT Ist SEM.
HYATT HOTELS CORPORATIONTYPE PUBLICTRADED AS NYSE: HINDUSTRY HOSPITALITYFOUNDED 1957HEADQUARTERS HYATT CENTER CHICAGO, ILLINOIS,USKEY PEOPLE THOMAS JAY PRITZKER (EXECUTIVE
CHAIRMAN)MARK S. HOPLAMAZIAN (PRESIDENT & CEO)
PRODUCT HOTELS & RESORTSREVENUES US $ 4.4 BILLION (2015)NUMBER OF EMPLOYEES 96,627 (2015)SLOGAN WE CARE FOR PEOPLE SO THAT THEY
CAN BE THEIR BEST
Main Credit for Foundation of Hyatt was given to Jay Pritzker when in 1957 when he purchased the Hyatt House motel adjacent to the Los Angeles International Airport from Entrepreneur Hyatt Robert von Dehn.
1969- Hyatt opened its first hotel outside the United States, the Hyatt Regency Hong Kong.
1980- The Grand Hyatt and Park Hyatt brands were introduced & it also started resort hotels, starting with the Hyatt Regency Maui.
2004- Substantially all of the hospitality assets owned by Pritzker family business interests, including Hyatt Corporation and Hyatt International Corporation, were consolidated under a single entity called Global Hyatt Corporation.
2005-Hyatt Hotels Corporation acquired AmeriSuites The AmeriSuites chain was rebranded and called Hyatt Place.
HISTORY & GROWTH OF HYATT
2005- Hyatt acquired limited service company Summerfield Suites from the Blackstone Group.
2007- Hyatt launched the Andaz brand . The first Andaz hotel was The Great Eastern Hotel in London, followed by hotels in San Diego, West Hollywood, Shanghai and New York City (Andaz Wall Street & Andaz 5th Avenue).
2009 - It was reported that Hyatt Hotels Corporation filed plans to raise up to $1.15 billion in an initial share sale. In that year Hyatt completed an initial public offering and began trading publicly on the New York Stock Exchange under the symbol H.
According to the filing Mark S. Hoplamazian was to serve as CEO and Thomas Pritzker as Executive Chairman.
2009- Global Hyatt Corporation changed its name to Hyatt Hotels Corporation.
2011- Hyatt acquired Hotel Sierra, which has 18 properties in 10 states. 2012- Along with Hyatt Summerfield Suites hotels, several of those properties
were rebranded as Hyatt house in January. 31 December 2014- Hyatt Corporation's worldwide portfolio consisted of 587
properties. 2013- Hyatt introduced their first all-inclusive resort brands, Ziva and Hyatt Zilara. 2015- Hyatt Ziva and Hyatt Zilara offer all inclusive accommodations in Cancun,
Puerto Vallarta, Los Cabos and Rose Hall, Montego Bay, Jamaica. October 28, 2015, Hyatt announced that they were in advanced talks to acquire Starwood Hotels in a cash and stock transaction.
2016(Till Now)- Hyatt announced plans to open First Hyatt regency in Bulgaria.& also in Sydney.
INTERNATIONAL FOOT-PRINTS OF HYATT HOTEL
CORPORATION
Hyatt's flagship hotel brand that are mid to large scaled premium hotels
Residential luxury Hyatt hotels, mid-sized hotels in cities considered premier destinations
Hotels are upscale lifestyle boutique-style hotels
Hotels are smaller full-service hotels with 150 to 350 rooms located close to major business centers
Hotels are large luxury hotels in major cities and holiday destinations.
Hotels are all-inclusive resorts
Properties are extended-stay residential hotels and smaller-to-mid-sized modern hotels in urban and suburban locations in the United States
A new, full service lifestyle brand designed for business and leisure travelers.
Hotels are mid-sized hotels catering for family and business travelers, in urban, airport and suburban areas
OVERVIEW OF BRANDS
BRANCHES IN INDIA
Park Hyatt ChennaiPark Hyatt HydrabadPark Hyatt Goa Resort & Spa
Andaz Delhi
Grand Hyatt MumbaiGrand Hyatt Goa
Hyatt Regency AhemdabadHyatt Regency ChandigarhHyatt Regency LudhianaHyatt Regency ChennaiHyatt Regency GurgaonHyatt Regency KolkataHyatt Regency MumbaiHyatt Regency PuneHyatt Regency Delhi
Hyatt AhemdabadHyatt AmritsarHyatt Hydrabad GachibowliHyatt Bangalore MG RoadHyatt PuneHyatt Raipur
Hyatt Place HampiHyatt Place CandolimHyatt Place Gurgaon/ Udyog VihaHyatt Place Pune/ Hinjawadi
• Hyatt Hotels tries to expand the presence of all its brands in attractive markets worldwide
• Concentrating on locations• Increasing the number of hotels• Conversion of existing hotels• Development of new hotels• Focusing on Franchising• Providing a lower price point than full service hotel alternatives• Acquiring other brands or hospitality management to expand its
presence
MARKET EXPANSION STRATEGY
Leadership
• Announced Patrick J. Grismer as new CFO, On March 14, 2016.Announcements
• Hyatt Hotels Corporation announced to Open three Hotels in India to its hotels properties no. to 27.
Share Repurchase
• Repurchased approximately $715M in FY’15 and approximately $39M year-to-date .
• Approximately $340M remaining under the Company’s share repurchase authorization
Global Achievements• Fortune listed Hyatt Hotels Corporation on “47 Rank in 100 Best Companies
for Empployees to Work.”
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RECENT ACTIVITY
BIBLIOGRAPHYAll Informations & Data are taken from following Sources:- Official Site of Hyatt www.hyatt.com Wikipedia www.en.wikipedia.org/wiki/hyatt Slideshare www.slideshare.net
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We Care for people so that they can be their Best