Driving Industry-Leading Growth: Sustaining leading net rooms
growth by increasing owner preference for Hyatt brands
Personalizing the guest and customer experience: Enhancing the
value of World of Hyatt
Transforming the earnings profile: Expanding asset sell-down
program with an additional $1.5B in asset sales by early 2022
CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) will host an Investor Day today in New
York City, in which it will share details around the company’s
performance and its strategy to create long-term shareholder value by
driving asset-light growth.
In its presentation, Hyatt will detail its long-term growth strategy and
its three-prong approach to Maximizing its Core Business, Integrating
new Growth Platforms, and Optimizing Capital Deployment. Across its 19
brands serving the high-end traveler, Hyatt is focused on caring for its
guests and customers through personalized experiences that are designed
to result in enhanced loyalty and superior hotel operating performance,
leading to increased owner preference and continued significant net
rooms growth.
“We are focused on a powerful strategy centered on personalizing the
guest and customer experience,” said Mark Hoplamazian, president and
chief executive officer, Hyatt Hotels Corporation. “We believe that our
strategy will allow us to sustain superior revenue growth and that our
continued focus on delivering excellent results for our hotel owners
will allow Hyatt to sustain leading net rooms growth in the future.”
Consistent with a commitment to grow in an asset-light manner, Hyatt
will share details on the evolution of its capital strategy including an
expansion of its asset sell-down program by $1.5 billion in gross
proceeds over the next three years, assuming market conditions allow for
the sale of assets on attractive terms to create shareholder value.
All interested persons may listen to a simultaneous webcast of the
Investor Day, from approximately 12:30 p.m. to 3:30 p.m. CT. The webcast
and a copy of the presentation may be accessed through the Company’s
website at www.hyatt.com
and by selecting the Investor Relations link located at the bottom of
the page, or http://investors.hyatt.com.
A copy of the presentation will be available on the Company’s website on
Tuesday, March 5, 2019, prior to the commencement of the webcast. For
those unable to listen to the live broadcast, an archive of the webcast
will be available on the Company’s website.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 19 premier brands. As of
December 31, 2018, the Company's portfolio included more
than 850 properties in 60 countries across six continents. The Company's
purpose to care for people so they can be their best informs its
business decisions and growth strategy and is intended to attract and
retain top colleagues, build relationships with guests and create value
for shareholders. The Company's subsidiaries develop, own, operate,
manage, franchise, license or provide services to hotels, resorts,
branded residences, vacation ownership properties, and fitness and spa
locations, including under the Park Hyatt®, Miraval®, Grand
Hyatt®, Alila®, Andaz®, The
Unbound Collection by Hyatt®, Destination®, Hyatt
Regency®, Hyatt®, Hyatt Ziva™, Hyatt
Zilara™, Thompson Hotels®, Hyatt
Centric®, Hyatt House®, Hyatt Place®, Joie
de Vivre®, tommie™, Hyatt
Residence Club® and Exhale® brand names,
and operates the World of Hyatt® loyalty program that provides
distinct benefits and exclusive experiences to its valued members. For
more information, please visit www.hyatt.com.
FORWARD-LOOKING STATEMENTS
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements
include statements about our plans, strategies, the amount by which the
Company intends to reduce its real estate asset base and the anticipated
timeframe for such asset dispositions, prospects or future events and
involve known and unknown risks that are difficult to predict. As a
result, our actual results, performance or achievements may differ
materially from those expressed or implied by these forward-looking
statements. In some cases, you can identify forward-looking statements
by the use of words such as "may," "could," "expect," "intend," "plan,"
"seek," "anticipate," "believe," "estimate," "predict," "potential,"
"continue," "likely," "will," "would" and variations of these terms and
similar expressions, or the negative of these terms or similar
expressions. Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by us and
our management, are inherently uncertain. Factors that may cause actual
results to differ materially from current expectations include, among
others, general economic uncertainty in key global markets and a
worsening of global economic conditions or low levels of economic
growth; the rate and the pace of economic recovery following economic
downturns; levels of spending in business and leisure segments as well
as consumer confidence; declines in occupancy and average daily rate;
limited visibility with respect to future bookings; loss of key
personnel; hostilities, or fear of hostilities, including future
terrorist attacks, that affect travel; travel-related accidents; natural
or man-made disasters such as earthquakes, tsunamis, tornadoes,
hurricanes, floods, wildfires, oil spills, nuclear incidents, and global
outbreaks of pandemics or contagious diseases or fear of such outbreaks;
our ability to successfully achieve certain levels of operating profits
at hotels that have performance tests or guarantees in favor of our
third-party owners; the impact of hotel renovations and redevelopments;
risks associated with our capital allocation plans and common stock
repurchase program and other forms of shareholder capital return,
including the risk that our common stock repurchase program could
increase volatility and fail to enhance shareholder value; our intention
to pay a quarterly cash dividend and the amounts thereof, if any; the
seasonal and cyclical nature of the real estate and hospitality
businesses; changes in distribution arrangements, such as through
internet travel intermediaries; changes in the tastes and preferences of
our customers; relationships with colleagues and labor unions and
changes in labor laws; the financial condition of, and our relationships
with, third-party property owners, franchisees, and hospitality venture
partners; the possible inability of third-party owners, franchisees, or
development partners to access capital necessary to fund current
operations or implement our plans for growth; risks associated with
potential acquisitions and dispositions and the introduction of new
brand concepts; the timing of acquisitions and dispositions, and our
ability to successfully integrate completed acquisitions with existing
operations; failure to successfully complete proposed transactions
(including the failure to satisfy closing conditions or obtain required
approvals); our ability to successfully execute on our strategy to
expand our management and franchising business while at the same time
reducing our real estate asset base within targeted timeframes and at
expected values; declines in the value of our real estate assets;
unforeseen terminations of our management or franchise agreements;
changes in federal, state, local, or foreign tax law;
the impact
of changes in the tax code as a result of the Tax Cuts and Jobs Act of
2017 and uncertainty as to how some of those changes may be applied;
increases in interest rates and operating costs; foreign exchange rate
fluctuations or currency restructurings; lack of acceptance of new
brands or innovation; general volatility of the capital markets and our
ability to access such markets; changes in the competitive environment
in our industry, including as a result of industry consolidation, and
the markets where we operate; our ability to successfully grow the World
of Hyatt loyalty program; cyber incidents and information technology
failures; outcomes of legal or administrative proceedings; and
violations of regulations or laws related to our franchising business;
and other risks discussed in the Company's filings with the SEC,
including our annual report on Form 10-K, which filings are available
from the SEC. We caution you not to place undue reliance on any
forward-looking statements, which are made only as of the date of this
press release. We do not undertake or assume any obligation to update
publicly any of these forward-looking statements to reflect actual
results, new information or future events, changes in assumptions or
changes in other factors affecting forward-looking statements, except to
the extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we will
make additional updates with respect to those or other forward-looking
statements.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190305005775/en/
Investor Contact:
Amanda Bryant
Hyatt
Hotels Corporation
312.780.5539
amanda.bryant@hyatt.com
Media Contact:
Kathy Krenger
Hyatt
Hotels Corporation
312.780.5129
kathy.krenger@hyatt.com
Source: Hyatt Hotels Corporation