Consistent with its expansion activity,
Hyatt Hotels Corporation (
recently announced the opening of the hotel - Hyatt Regency
Chongqing - under its Hyatt Regency Brand. The opening marks the
debut of Hyatt Regency brand in Southwest China.
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Located at the eastern edge of Sichuan Basin, Chongqing is one of
the four direct controlled municipalities in the People's Republic
of China (PRC) and the only one among them in inland China. The
city has a remarkable history and also serves as the economic hub
of the upstream Yangtze basin. Moreover, the city is also a key
manufacturing centre, transportation hub, and one of the emerging
megacities of China. Some of the major tourist attractions include
- the Yangtze Gorges region, Dazu Grotto, Gold Buddhist Mountain,
the Fishing Town and bamboo handicrafts.
Situated in Jiangbei District and the shopping area of Bei
Cheng Tian Jie, Hyatt Regency Chongqing compliments the vibrant
city of Chongqing. It is in close proximity to all the major
commercial and industrial zones of the city. Comprising basic and
modern amenities, the hotel caters to both business and leisure
The Hyatt Regency is the vivacious brand of Hyatt Hotels and aims
to attract both the business and leisure groups. The hotels are
mainly located in urban, suburban, airport, convention and resort
destinations across the world. As of now, the brand owns more than
145 hotels, comprising around 67,900 rooms, across the world.
Apart from the new hotel, the Hyatt Regency brand already owns
several hotels in China - Hyatt Regency Dongguan, Hyatt Regency
Guiyang, Hyatt Regency Hangzhou, Hyatt Regency Hong Kong, Sha Tin,
Hyatt Regency Hong Kong, Tsim Sha Tsui, Hyatt Regency Jinan, Hyatt
Regency Jing Jin City Resort and Spa and Hyatt Regency Tianjin.
The southwest of China has emerged as one of the attractive spots
in the country's booming tourism industry. It boasts of tourist
destinations such as Sichuan, Yunnan and Guizhou, the Guangxi
Zhuang and Tibet autonomous regions, and Chongqing Municipality.
The region is currently tapping tourist resources for the strong
development of tourist industry in the country in the coming years.
The World Tourism Organization (UNWTO) expects an annual increase
of 43 million international tourists over the next 20 years and the
number is projected to rise to 1.8 billion by 2030. As a matter of
fact, Hyatt has several other major brands hotels slated to open in
China in the coming years.
However, the market is not free of competition. Several major
InterContinental Hotels Group (
Starwood Hotels & Resorts Worldwide, Inc. (
Marriott International Inc. (
are poised to beef up their portfolio in the country.
Hyatt Hotels recently reported second quarter 2012 adjusted
earnings of 24 cents per share, beating the Zacks Consensus
Estimate by a penny. We presently have a long-term Neutral
recommendation on the stock. Also, the company carries a Zacks #3
Rank (short-term Hold rating).