Hyatt eyes Asia for high end development

Pictured: rendering of Fila House Shanghai.
Major hotel group Hyatt Hotels Corporation is leaning into Asia for new premium developments, with more than half of its strong high end pipeline located throughout the continent.

While the company’s overall pipeline stands at 550 hotels representing 114,000 keys as at the end of Q3 2022, according to the THP database, at least 352 projects comprising 77,709 rooms are currently in the four and five star segments.

Chinese charge

Out of these high end developments, 200 – or 57% of the total – are due to appear in Asia. In terms of individual countries, China is way out in front with 146 premium developments. Hyatt’s home nation of the USA is the runner up with 82 sites, while India is in a distant third on 16 hotels.

Chinese cities dominate on the municipality count too, with 11 openings slated for Shanghai at the head of the list, nine for Chengdu and eight for Shenzhen.

Stars and spans

Upscale projects edge out luxury developments by 59% to 41% or 208 and 144 sites, respectively.

In terms of opening dates, 2023 proves to be the pipeline peak, with 123 completions scheduled – 35% of the total. The rate nearly halves in 2024, with another 68 deliveries, and currently continues to peter out in 2025 with another 43 openings. A further 19 hotels are due to open by the end of this year, while the remaining 99 are either yet to be designated a completion date or will open beyond 2025.

Brand plans

Drilling down into particular brand development we see select service banner Hyatt Place topping the table with 88 sites, the upper upscale Hyatt Regency as runner up on 75 and extended stay marque Hyatt House on 35.

One of the upcoming Chinese sites to watch is Fila House Shanghai which will be joining the JdV by Hyatt brand and marks the first branded hotel in the world for the sports strand. Hyatt and ANTA Sports Products Co will be working together to deliver the 120-room project in Q1 2024.

Another is Hyatt Regency Shenzhen Hubei Center, which will be part of the mixed use Hubei Center project. The 200-key site is due for delivery in Q2 2024.