Articles tagged “hyatt”

This is a much-needed optics win for Hyatt, which hadn’t seen profitability during the pandemic like most of its competitors.

Hyatt’s focus on European growth instead of Asia looks like a smart call in light of the erratic recovery in China, where many of Hyatt’s competitors have focused their development pipelines.

Most hotel companies have posted a profit at least once during the pandemic, and Hyatt needs to do the same this week to avoid shareholder and analyst scrutiny.

The biggest hotel companies in the world are knocking on the doors of cool, independent brands for takeover talks. Not everyone is answering.

In Skift's top travel stories this week, we covered the Expedia CEO's take on Airbnb, the Hyatt-Apple Leisure deal, two online travel veterans launching a hotel distribution network, the unpaid fines of unruly flyers, among other topics.

The value of announced acquisitions this year is already three times that for the deals in all of 2020. We pulled together the top hotel acquisitions for 2021 for you by dollar amount, some deals strategic, some less so. The pace is brisk but the impact from the Delta variant could very well reverse the momentum heading into fall.

Major hotel companies don’t want to ruffle any investor feathers at a time when profitability is just returning and labor remains fragile. But it’s better to be honest — and prepared — about what the next few months could look like with new strains of the virus and deploy a new recovery strategy.

In Skift’s top travel stories this week, EasyJet partnered with Deutsche Bahn on combination tickets, Southwest sued Skiplagged, Sabre said it ha a chance of beating pre-pandemic margins, and a downsized regional airline plans to relaunch.

Seizing smart, strategic opportunities coming out of the pandemic is top of mind at Hyatt, of course. But the Chicago-based company shouldn’t expect any bargains in its potential European brand hunt. The competition is too fierce.

If Accor can go from billion-dollar losses to profitability in a matter of months, Marriott shareholders should expect plenty of financial gains and optimism on Tuesday's earnings call.