To shift its focus from the near-saturated developed markets,
Chicago, IL-based leading global hotel chain
Hyatt Hotels Corp.
) is currently focusing on the faster growing Asia-Pacific region
to benefit from the region's rising demand for hotels. The
company currently operates more than 50 hotels in this
The hotelier recently unveiled a Hyatt Regency-branded
property in Phuket, Thailand in association with a local real
estate company - Kamala Bay Ventures. The brand debuted in the
famous Phuket island with the five-star property christened Hyatt
Regency Phuket Resort.
Strategically positioned near Kamala Cove, the hotel is close
to Patong beach and in close proximity to Phuket International
Airport. Hyatt Regency Phuket Resort offers 199 guest rooms along
with various other amenities such as spa, fitness center,
restaurants and pool bar facilities, to attract the leisure
Phuket's pristine beaches, nightlife, shopping, dining and
lodging, catch the attention of a majority of the tourists. We
believe that Phuket, a major tourism hub, is a strategic fit for
new hotels and the hotelier is set to tap into this flourishing
The Hyatt Regency branded hotels are mainly developed in the
urban, suburban, airport, convention and resort destinations
worldwide. Nearly 149 properties are operating under the brand
globally. Apart from this new hotel, the hotelier operates
another property named Hyatt Regency Hua Hin in Thailand.
In late Dec 2013, Hyatt declared the launch of one property
each under Park Hyatt and Hyatt Regency brands in Changbaishan,
China. These openings are in line with the company's goal to
expand its presence worldwide, especially in the Asian
Hyatt holds a Zacks Rank #2 (Buy). Other players in the hotels
Home Inns & Hotels Management Inc.
Orient-Express Hotels Ltd.
Starwood Hotels & Resorts Worldwide Inc.
). While Home Inns & Hotels sports a Zacks Rank #1 (Strong
Buy), Orient-Express and Starwood holds the same rank as
HYATT HOTELS CP (H): Free Stock Analysis
HOME INNS&HOTEL (HMIN): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
ORIENT EXP HOTL (OEH): Free Stock Analysis
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