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Hyatt eyes Middle East growth as Q1 revenues increase
Hyatt eyes Middle East growth as Q1 revenues increase

Arabian Business

time5 hours ago

  • Business
  • Arabian Business

Hyatt eyes Middle East growth as Q1 revenues increase

Hyatt has announced its Q1 2025 financial results, showcasing continued business strength and strong performance globally. The company is progressing towards its growth plans to triple its portfolio in Saudi Arabia within five years, supported by high-profile upcoming openings, brand debuts and a growing development pipeline. The company also continues to grow with intent across the Middle East and Africa, with new regional openings celebrated in the first quarter of 2025, including Andaz Doha in Qatar, Hyatt Place Nairobi Westlands and Hyatt House Nairobi Westlands in Kenya. Hyatt eyes MEA growth In Q1 2025, Hyatt reported a 5.7 per cent increase in comparable system-wide RevPAR, reflecting strong demand across global markets. Hyatt also announced that its global net rooms grew by 10.5 per cent, and Adjusted EBITDA reached $273m, a 24.4 per cent increase after adjusting for assets sold in 2024, demonstrating the strength of the company's asset-light business model. In Saudi Arabia, Hyatt is preparing for several openings that reflect its strong alignment with the Kingdom's Vision 2030 and the rapid evolution of its tourism sector. Miraval The Red Sea, scheduled to open later this year, will mark the debut of the wellness brand in the region and the first of the brand's resorts outside of the US market. Set on Shura Island, the resort will feature 180 guestrooms and suites, offering immersive wellness programming tailored to each traveller. Additionally, Grand Hyatt The Red Sea, expected to open in 2026, will offer a premium beachfront resort experience and an array of facilities, including several distinctive restaurants and exceptional meeting and event spaces. With 430 rooms, the property is the largest resort on the island, and it will be the premier venue for large-scale conferences, exhibitions, and celebratory events. Within the rising cultural destination of Saudi Arabia, AlUla, Hyatt is set to open Hyatt Place AlUla in 2026. This 215-key property will offer guests and World of Hyatt members more travel choices to experience destinations that showcase rich heritage and unique landscapes. These high-impact developments form a key part of Hyatt's plan to expand its presence across the Kingdom of Saudi Arabia, meeting increasing demand for luxury, wellness, and lifestyle experiences while contributing to national tourism goals. Hyatt's commitment to enhancing its lifestyle and luxury portfolio in the GCC was reflected in the recent opening of Andaz Doha in Qatar. Opened in February 2025, Andaz Doha introduced Hyatt's lifestyle brand to the country. Located in the prestigious West Bay area, the hotel offers 256 guestrooms, including 32 suites and 4 Royal suites, as well as 56 residences for long-term stays. The property features distinctive dining concepts and design elements that pay homage to Qatari culture. Hyatt continues to lead with a development pipeline of approximately 138,000 rooms globally under executed management or franchise agreements. The company's first-quarter performance also included net income of $20m and the repurchase of approximately 1.1m shares of Class A common stock for $149m, reflecting its continued focus on delivering shareholder value.

Novelist Kwon Yeo-sun, cellist Yang Sung-won, Lee Tae Seok Foundation receive Musan Cultural Awards
Novelist Kwon Yeo-sun, cellist Yang Sung-won, Lee Tae Seok Foundation receive Musan Cultural Awards

Korea Herald

time19 hours ago

  • Entertainment
  • Korea Herald

Novelist Kwon Yeo-sun, cellist Yang Sung-won, Lee Tae Seok Foundation receive Musan Cultural Awards

Continuing legacy of eponymous Buddhist monk-poet, second Musan Awards celebrate art, empathy, pubic service The Manhae Musan Foundation held its second Musan Cultural Awards ceremony Friday at the Grand Hyatt Seoul in Yongsan, central Seoul, presenting prizes to three winners: writer Kwon Yeo-sun, cellist Yang Sung-won and the Lee Tae Seok Foundation. The Musan Cultural Awards were established to honor the life and legacy of the late poet and Buddhist monk Cho Oh-hyun, known by his pen name Musan. Each prize carries a cash prize of 100 million won ($72,500). In the literature category, novelist Kwon was recognized for what the committee described as her "sensitive perception and unique rhythm that cut through social issues and illuminate the unspoken contours of life," as well as for her ability to confront pain with compassion. Speaking to reporters ahead of the ceremony, Kwon shared that she was recently rushed to an emergency room, went into shock and had to undergo surgery. "I still go to the hospital daily for follow-up treatment. Pain and sorrow have always been eternal themes in literature. But when I'm overwhelmed by my own suffering, I realize that my ability to empathize with others may not even amount to a fistful," said Kwon. "But I believe literature has the power to bridge that gap, even if only slightly. I hope my novels can expand the boundaries of what pain can touch. Sadly, I cannot write at the moment, and that breaks my heart. I want to return to writing as soon as possible." In the arts category, the foundation recognized cellist Yang for his contributions to cultural exchange and artistic inspiration through music. 'The values that Musan emphasized — respect for humanity, introspection expressed through silence and a return to traditional values — deeply resonate with the direction that arts should take," said Yang. 'Arts open hearts, connect emotions, and help us understand one another,' he added. The Lee Tae Seok Foundation, represented by Chair Goo Soo-hwan, received the award for its ongoing humanitarian efforts. Established in 2012, the nonprofit carries on the legacy of the late Catholic priest from which it takes its name, who devoted his life to medical and educational service in South Sudan. The foundation provides medical supplies and essentials to communities in need, including leprosy villages in Tonj, South Sudan and war-torn regions such as Ukraine. 'I have come to believe that the greatest form of social critique is love,' said Goo, who was formerly a documentary producer at KBS. 'When we think about how to change society for the better, it's not just about laws and systems — it's about people. The most powerful message we can send is a message of compassion.' The life and legacy of Lee were previously captured in the acclaimed 2010 documentary "Don't Cry for Me Sudan." A follow-up film, "Resurrection" (2020), screened at the Vatican last year. Goo added, 'Later this year, we hope to release the third film of the trilogy, offering guidance on the direction our society should take.'

I had a mini cook-off with Chef Bob as he launches his latest creations - here's how it went, Lifestyle News
I had a mini cook-off with Chef Bob as he launches his latest creations - here's how it went, Lifestyle News

AsiaOne

time21 hours ago

  • Entertainment
  • AsiaOne

I had a mini cook-off with Chef Bob as he launches his latest creations - here's how it went, Lifestyle News

I've watched my fair share of cooking competitions, from Culinary Class Wars to MasterChef, but never did I expect to be participating in one. Even if it was just a friendly cook-off. My opponent for the day? None other than Shahrizal Salleh, better known as Chef Bob, an established name in the local culinary scene. For the uninitiated, Chef Bob had stints at luxury hotels like Grand Hyatt and Ritz-Carlton. He also began his own ventures like The Landmark, a halal buffet in Bugis, and Bobmi, which specialises in Indonesian Bakmie. On Wednesday (May 28), at a media preview for his latest collaboration with Halal restaurant Good Old Days in Sentosa, I had the chance to sample his three new dishes: Nasi Lemak Goreng, Assam Pedas Pasta and Ginger Fish Horfun. These dishes will available on Good Old Days' menu for the next seven months. Being a self-proclaimed foodie, I was naturally excited to have a first taste of these creative inventions. That enthusiasm would soon morph into mild panic when I found out I'd be cooking alongside Chef Bob during the event. Behind the kitchen counter To be fair, I willingly accepted the offer to step into the kitchen with Chef Bob. Regardless, that sense of dread was genuine. The cook-off was simple enough in-theory. I had to mirror Chef Bob in whipping up his new Assam Pedas Pasta. Once plated, our dishes would be put through a blind taste test to decide the winner. Ingredients included fresh prawns, Thai asparagus, laksa leaves, onion, asam pedas, evaporated milk and pappardelle pasta. Mix it all up in a pan and there's the dish. Sounds easy enough, I thought. In practice? Not quite. Chef Bob's knife skills had me trailing behind from the very start. As he sauteed his onions like a seasoned pro, I was already left sweating (both figuratively and literally) just trying to keep up. Despite the early wobbles, I managed to complete cooking the dish and both our Assam Pedas Pasta was done and sent off to plating. The blind taste test was a wipeout, with every participant picking the "cylinder" instead of the "sampan" option. Imagine the surprised, and slightly suspicious, look on my face when it was announced that I cooked the winning dish! The cook-off was all in good fun and once that was done, I had the chance to dive into all of Chef Bob's latest creations. Verdict on new dishes Right off the bat, I'll admit that I've never been particularly fond of assam pedas. So there was a slight hesitance on my end on whether I'd appreciate his Assam Pedas Pasta ($12.80). But having won the cook-out, I thought: "Why not go in with an open mind?" I took a bite and was pleasantly surprised. The tangy and lightly spiced sauce was a winner for me, and it paired well with the choice of pasta. Fresh prawns and crunchy Thai asparagus also added texture to the dish. Did the dish completely win me over when it comes to a classic assam pedas? Probably not. But would I order it again at Good Old Days? Highly likely. Then came the Ginger Fish Horfun ($10.80). Fans of Chef Bob will be glad to see this classic menu item return from his earlier culinary career A comforting dish featuring rice noodles, dark soy sauce, egg gravy and fish slices, this is a solid pick if you're a hor fun lover. But my suggestion would be to save space for a plate of Nasi Lemak Goreng ($12.80) instead. Rich, aromatic and so addictive. Coconut rice is wok-fried and plated with Chef Bob's signature crispy turmeric chicken, a sunny-side up egg and a variety of sides such as cucumber slices, sambal, ikan bilis and peanuts. Simple in appearance but deceptively tricky to execute. Chef Bob explained that due to the rice's high fat content, a different level of skill was required to fry it right. We got a sampler portion that left me wishing for a full-sized plate. [[nid:716024]] After the tastings, I sat down with Chef Bob to talk about the collaboration. He told AsiaOne that he'd long been a patron of Good Old Days. When asked about the creation of his three new dishes, Chef Bob replied: "I came up with [these dishes] to complement whatever Good Old Days already has. "Because their menu is already extensive." He also noted that bringing new ideas to the table is often an arduous process, especially when it comes to menu planning. According to Chef Bob, the R&D process can take six months as it involves numerous tweaks and iterations before the final dish is finally presented to the public. Take the Assam Pedas Pasta, for example. I learnt that the choice of pappardelle was intentional. "Pappardelle is very wide so when you cook it with a sauce, it'll hug the pasta. When you eat each strand, you can get all the flavours as well," Chef Bob explained. And having tasted and cooked the dish myself, I can certainly vouch for that. Address: 60 Siloso Beach, Singapore 098997 Opening hours: 10am to 10pm daily, last order at 9pm [[nid:717704]] amierul@

Hong Kong's global legal ambitions get a boost with a new world body
Hong Kong's global legal ambitions get a boost with a new world body

South China Morning Post

timea day ago

  • Business
  • South China Morning Post

Hong Kong's global legal ambitions get a boost with a new world body

Chinese Foreign Minister Wang Yi is set to attend a signing ceremony in Hong Kong on Friday morning to mark the establishment of the world's first intergovernmental legal body focused on mediation. Police have deployed about 100 officers, including some from their counterterrorism unit, for the event. High-level representatives from nearly 60 countries and about 20 global organisations will attend the ceremony at the Grand Hyatt hotel in Wan Chai. Renovation works are being carried out at the old Wan Chai Police Station, where the International Organisation for Mediation will have its headquarters. The site is expected to open by the end of this year or the beginning of 2026. Officials and legal experts have said that the new organisation will boost the city's standing as an international legal hub. Follow our live blog below for the latest updates from the ceremony. More from our coverage: Reporting by Jess Ma, Natalie Wong, Willa Wu, Harvey Kong and Joshua Kwok.

Three grand reasons to staycation in style at Grand Hyatt Abu Dhabi
Three grand reasons to staycation in style at Grand Hyatt Abu Dhabi

Time Out Abu Dhabi

timea day ago

  • Entertainment
  • Time Out Abu Dhabi

Three grand reasons to staycation in style at Grand Hyatt Abu Dhabi

Looking for a luxe escape without the airport queues? Grand Hyatt Abu Dhabi Hotel & Residences Emirates Pearl – the towering five-star landmark in the capital's West Corniche district – is celebrating seven years of opulence with not one but three incredible staycation offers. Whether you're in the mood for pampering, adventure or a potential upgrade to the Presidential Suite, here's why this hotel should be your summer go-to. 1. The Grand Anniversary Stay – Dhs777 To mark its 7th anniversary, Grand Hyatt Abu Dhabi is offering an exclusive package priced at Dhs777 for two. At check-in, guests are in for a surprise – it could be anything from complimentary afternoon tea to an upgrade to the lavish Presidential Suite. The package includes: Breakfast for two at Sahha Dinner for two at Italian eatery Verso Late check-out at 4pm Grape, cheese and charcuterie night at Lexx for just Dhs77 Complimentary 37-minute extension when booking a 60-minute massage Booking is open from 26 May for stays between 1–30 June 2025. Book now using code GRAND7 2. Adventure Package – For thrill-seekers This one's for the adrenaline-lovers. Book the Adventure Package and get Yas Island theme park tickets for every guest, plus complimentary shuttle service to and from the action. Guests also enjoy 20 percent off all hotel dining and spa treatments. Nice. Available for stays from 26 May to 31 October 2025. Book now using code SAYYAS 3. GCC Residents Offer – 20 percent off everything If you're a GCC resident, this one's for you. Enjoy 20 percent off your stay, hotel dining and indulgent treatments at Lum'a Spa – a great excuse for a midweek escape or a long weekend treat. What could be better than that? Valid for bookings from 16 May for stays until 29 December 2025. Book now using code GCCRES West Corniche, Corniche Road, (02 510 1234).

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