Hyatt focuses on leisure brands for Middle Eastern pipeline

by | 15 Sep 2022 | Pipeline

Pictured: Grand Hyatt The Red Sea. Imagery courtesy of Hyatt Hotels Corporation.

Hyatt Hotels Corporation is responding to a cross-border travel resurgence in the Middle East with a vibrant pipeline of leisure segment properties.

At present, Hyatt’s portfolio in the Middle East currently includes 28 hotels, with an additional seven properties expected to open by the end of 2025.

Imminent openings

The first of two regional additions on the slate in 2022 is Grand Hyatt Kuwait, which is already partially open but will be fully operational later this year. This project marks the first Grand Hyatt hotel in the country.

The other imminent launch is the debut of the luxury and lifestyle Andaz brand in Qatar, with the 318-room Andaz Doha, slated for the fourth quarter.

Saudi surge

Hyatt then anticipates rooms growth of more than 80% in the Kingdom of Saudi Arabia by late 2025, with the expected additions of Park Hyatt Riyadh Diriyah Gate, the 430-key Grand Hyatt The Red Sea and the debut of Miraval The Red Sea, which will mark the luxury wellness brand’s first resort outside of the US, further strengthening Hyatt’s portfolio.

This expansion in the Kingdom of Saudi Arabia would be in addition to the current portfolio of six hotels including Hyatt Regency Riyadh-Olaya, Hyatt Place Riyadh Al Sulaimania, and Hyatt House Jeddah Sari Street.

Ambitious development

Ludwig Bouldoukian, regional vice president development Middle East and Africa for Hyatt International, said: “This ambitious development portfolio showcases our aim to grow our brands with intent as well as our commitment to strategic investments across the Middle East. This market remains a key focus for Hyatt, and one where we continue to observe a growing demand.

“The diversity of Hyatt’s brands, united through the World of Hyatt loyalty programme, allows us to showcase unique experiences to a variety of travellers across the region. Whether our guests and members are seeking the classic luxury travel experience, modern lifestyle, or select-service offerings, each of our brands delivers our standard of excellence.”

Related Articles

Brands chase Indian growth

Brands chase Indian growth

India’s hotel market enjoyed a fourfold increase in investment volumes in 2023, with USD401m of properties traded.  A market report from agents JLL notes that while one third of these transactions were forced by insolvency processes, fully 25% of the deals involved...

IHG builds China signing pace

IHG builds China signing pace

IHG Hotels & Resorts has been on the road in China, underlining its commitment to grow its presence further across the country. At the end of March 2024, the roadshow arrived in Beijing, where the group signed 24 new sites for its hotel brands. Of the 24, fully 19...

Investors back Alpine hotels

Investors back Alpine hotels

Alpine ski resorts are seeing a growth in interest from hotel investors, with transaction volumes doubling over the last two years. According to research by agent JLL, more than EUR800m of hotels have been sold across the Savoie and Haute-Savoie regions alone over the...

Visitors return to Hong Kong

Visitors return to Hong Kong

Hong Kong’s hotel market has finally made it back to performance levels comparable with the period prior to the Covid-19 pandemic. In February 2024, occupancy during the Lunar New Year holiday averaged 93.4% at room rates averaging HKD2,725 which, report agents CBRE,...

Transactions build in Ireland

Transactions build in Ireland

Ireland's hotel market is enjoying a positive outlook, with economic conditions favouring continued strong leisure spending in the country. Employment in the country is at an all-time high, report agents Cushman & Wakefield, and average earnings grew 4.6% year on...

Momentum builds across Africa

Momentum builds across Africa

A new report on the hotel market in Africa has revealed an improvement in the development pipeline across the continent. Egypt, Nigeria, Morocco and Ethiopia are the leading country markets, while the big five global hotel chains account for 66% of the hotels, and 71%...

ABOUT THE CHAIN

As it continues to grow, Hyatt Hotels Corporation doesn't lose sight of what’s most important - people. Hyatt is a company that was built by family.