Hyatt CEO’s New Plan to Take Middle Class Travel Global
Photo Credit: A Hyatt Place hotel at Pensacola International Airport in Pensacola, Fla. Flickr / Innisfree Hotels
Skift Take
It's interesting, or perhaps not surprising, that Hyatt's revving up its select service and extended stay brands in light of its recent partnership with Onefinestay to give guests who want home-stays and a home-stay feel with added amenities more options.
Emerging economies will see more tourism growth five years from now and Hyatt wants to be there when those tourists show up by taking its select service and extended stay brands on a major international expansion.
Hyatt announced last October that its Hyatt House and Hyatt Place extended stay and select-service brands would account for a large chunk of its pipeline in the near-term and now we're getting more color about what that means.
Besides these two brands acting as the nerve center of Hyatt's strategy in developing countries, CEO Mark Hoplamazian said the hotel will now lead with these brands in developed economies like the U.K. and Australia as
