Hyatt Launches Unscripted Brand for Essentials Portfolio

Skift

2 days ago

STR reported China hotel data for the week ended May 24th. Hotel RevPAR in China was down 9.4% year-over-year. The week's RevPAR was up against a drop of 4.1% in the comparable week last year. While occupancy was down 1.8% year-over-year for the recent week, ADR was the reason for the decent-sized decline, down 7.8%.
Macau's average hotel occupancy rate rose by 4.7 percentage points in April to 87.8%. The number of guests rose 3.4% to 1.2 million. The Macau Statistics and Census Service said there were 147 hotel establishments providing accommodation services to the public as of the end of April, up by four establishments versus the year before. The number of available rooms declined by 4.5% to 45,000 as more IR owners renovated, combining rooms to suites. Five-star hotels' occupancy rate was 90.9%, up by 6.2 percentage points year-on-year. In the first four months of the year, the average hotel occupancy rate increased by 5.1 percentage points to 89.6%. The number of guests decreased by 3.2% to 4.8 million.
Hyatt Hotels Corporation announced a franchise agreement with PT Lombok Torok Developments to open a new hotel in Lombok, Indonesia. This marks the debut of the Destination by Hyatt brand in Southeast Asia. The Samara Lombok will feature 249 rooms, part of a larger integrated development project on the island. The hotel is set to open in 2027. The Samara Lombok project spans over 300 acres and includes two sites: Samara Bay and Samara Hills. The development will include a wellness village, multiple swimming pools, and more than 10 dining venues. This will increase Hyatt's portfolio in Indonesia, where it currently operates 15 properties across seven different brands.
Hyatt Hotels Corporation announced Unscripted by Hyatt, the newest brand in its Essentials portfolio. Unscripted by Hyatt hotels will bring to life a flexible, collection-style approach where each property reflects its own identity and local flavor yet remains unmistakably Hyatt in quality and care. The Unscripted by Hyatt brand has over 40 hotels globally in active discussions to join the brand. As Hyatt scales its select service offerings within its Essentials portfolio, it is simultaneously expanding its Lifestyle and Luxury portfolios to grow in more markets, with more members, for more stay occasions. The Lifestyle portfolio added more than 30 new properties and 3,500 rooms between the first quarter of 2024 and the first quarter of 2025, including openings and the acquisition of Standard International's brands. The Standard, StandardX, and Bunkhouse Hotels are generating strong demand from guests, group customers, and owners alike as Hyatt increases its lifestyle offerings.
IHG Hotels & Resorts and GI Capital Management held a ground-breaking ceremony to mark the construction start of the Regent Kyoto, set to open in 2028. The property is set around a central garden originally landscaped over a century ago and will offer luxury, world-class facilities, and 83 rooms, located in one of the city's most affluent areas of Okazaki. The hotel site is home to Tsuruya, recognized among Kyoto's top dining destinations.
Work on Singapore's first zero-energy hotel, the Hotel Indigo Changi Airport, is scheduled to be completed and fully operational by 2028. The hotel is being developed beside Terminal 2 and will offer a distinctive local experience, developed under a joint venture by OUE with Japanese non-banking financial services company, Tokyo Century. The 255-room hotel will include an oasis on the 8th floor with an infinity pool, gym, and a bar. There will be an indoor rainforest with seven stories of greenery. The hotel will have direct access to Terminal 2, but will be linked to the rest of Changi Airport.
Acrophyte Hospitality Trust, formerly known as ARA US Hospitality Trust, is undergoing a strategic review. The Singapore-listed hotel trust was renamed in 2024 after the family of billionaire Gordon Tang completed the takeover of the trust's managers. On May 30, the managers of Acrophyte Hospitality Trust said they are evaluating a range of strategic options in light of the potential capital expenditure needed to enhance its portfolio of hospitality assets in the United States. The hospitality stapled group comprises Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust.
OYO Hotels founder Ritesh Agarwal is asking for name suggestions for its parent firm, Oravel Stays, ahead of its next attempt at an IPO. We don't think the name is the reason they have been unsuccessful at getting to the market, but a fresh name may work. He wants a bold, one-word corporate name, global in feel, not tied to one culture or language, tech-forward, sharp but also human and memorable. Meanwhile, five investment banks will be meeting with investor SoftBank this month to try to convince them to support an IPO. The banks include Citi, Goldman Sachs, Jefferies, ICICI Securities, and Axis Capital.
Schloss Bangalore, owner of The Leela, launched their IPO, laying an egg on the first day with a decline of 6.7% on its debut. Even with that, the company is valued at US$1.62 billion. Sponsor Brookfield Asset Management had been targeting a valuation of about $1.7 billion.
In the Philippines, casino and leisure firm Hann Holdings Inc. filed a preliminary prospectus for an IPO to raise up to P12.98 billion to fund expansion plans and strengthen its position in the country's integrated resort industry. Hann Holdings said it will offer 500 million common shares at a maximum price of P23.60 each, plus an additional 50 million secondary shares to cover an overallotment option. Its flagship properties include Hann Casino Resort in Clark Freeport Zone, Pampanga, which includes a casino floor and international hotel brands such as Swissotel and Marriott, high-end retail, and fine dining. The company is also developing Hann Reserve, a 450-hectare luxury mountain resort in New Clark City, Tarlac, envisioned as the country's first luxury eco-leisure estate with plans for high-end hotel brands, golf courses, and residential villas. Global hospitality names such as Banyan Tree, Sofitel, and The Luxury Collection by Marriott are expected to be part of the lineup there.