Latest news with #ThompsonHotels
Skift
14-07-2025
- Business
- Skift
Hyatt Bets on Luxury in Asia Pacific With 90 New Hotels Planned
Hyatt's putting its money on a traveler who's still willing to pay for more than just a bed for the night. It's a bit of a left turn, especially when most others are chasing the mid-range market, but that's where Hyatt sees the opportunity. While many global hotel chains are pouring resources into budget and mid-range offerings, Hyatt Hotels is betting on luxury and that Asia Pacific is the place where this strategy will pay off. Nearly two-thirds of Hyatt's current Asia Pacific portfolio falls under the luxury and upper-upscale category. Over the next five years, Hyatt plans to open nearly 90 new hotels under its luxury and lifestyle brands across Asia Pacific. That includes the first-ever Thompson Hotels property in the region, a fresh push for Andaz and The Standard, and expanded openings for Park Hyatt across major destinations like Thailand, Malaysia, and Australia. 'Our overall Asia Pacific pipeline of over 350 hotels… means we're committed to bringing new offerings to the market that will further strengthen our position as a leader in luxury and
Yahoo
05-07-2025
- Business
- Yahoo
Hyatt to expand luxury and lifestyle brand portfolios in Asia Pacific
Hyatt Hotels has unveiled an expansion plan for its luxury and lifestyle brand portfolios in the Asia Pacific region, with nearly 90 properties anticipated to launch within the next five years. This move is set to introduce the Thompson Hotels brand to the region and expand the presence of Andaz, The Standard, and Park Hyatt brands in countries encompassing Thailand, Malaysia, and Australia in 2025 and 2026. Hyatt has expanded its global room offerings significantly, with luxury rooms doubling, resort rooms tripling, and lifestyle rooms increasing by five times since 2017. As of the first quarter (Q1) of 2025, 64% of Hyatt's hotels and resorts in the Asia Pacific region fall within the luxury and upper-upscale categories. Hyatt Asia Pacific commercial senior vice-president Carina Chorengel said: 'Today, luxury is about authenticity and unique experiences. Our recently refined brand architecture and expansion in luxury and lifestyle portfolios allow us to cater to discerning travellers with focus and differentiation.' Scheduled launches in Q4 2025 include the Thompson Shanghai Expo, the Andaz One Bangkok and the Andaz Shanghai ITC. The Andaz brand is also set to make its Australian debut with Andaz Gold Coast in Q2 2026, as part of an integrated resort. After Standard International's acquisition in 2024, Hyatt is further investing in the expansion of these brands across Asia Pacific. The Park Hyatt brand is set to enter the Malaysian market with a Kuala Lumpur property next month, located atop The Merdeka 118, the tallest skyscraper in the Asia Pacific region. In Vietnam, the brand is to open its first Park Hyatt resort in the country in Q1 2026. A selection of upcoming luxury and lifestyle launches in the Asia Pacific for 2025 and 2026 encompasses Mumian Shanghai Expo, and The Standard Residences in Hua Hin and Phuket Bang Tao. Earlier this year, Hyatt Hotels introduced its Destination by Hyatt brand to Southeast Asia. "Hyatt to expand luxury and lifestyle brand portfolios in Asia Pacific" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
