Hyatt Set to Expand in China - Analyst Blog

By
A A A

In a bid to expand in the lucrative Chinese market, leading global hotel chain Hyatt Hotels Corporation ( H ) recently decided to open a Grand Hyatt branded hotel, Grand Hyatt Changsha in Changsha, Hunan Province. In this regard, Hyatt inked a management agreement with Huayuan Property Co., Ltd. The opening marks the debut of Grand Hyatt brand (high-end upscale brand) in Changsha.

China is all set to bring about a recovery in global tourism, and by 2020 it is expected to be the world's leading travel destination. In order to tap this attractive opportunity, the Zacks Rank #3 (Hold) company is now venturing into various untapped but economically viable Chinese cities.

We believe the opening of the latest 324-room property is a strategic fit as Changsha is a major commercial center in central China. The city is a key entertainment and trading hub of the country, which boosts business as well as leisure travel in the area.

Several other hoteliers including Wyndham Worldwide Corp. ( WYN ), Starwood Hotels & Resorts Worldwide Inc. ( HOT ) and Marriott International Inc. ( MAR ) have made their presence felt in this region.

Grand Hyatt Changsha is strategically positioned at a 268-meter-high complex, The Central, and is in close proximity to Xiangjiang River in downtown Changsha. The hotel will also offer restaurants, swimming pools, a spa and a fitness center.

Hyatt set a new trend in hotel designs with its luxury brand, Grand Hyatt. The brand rides on a high growth trajectory and is currently operating 41 properties worldwide with as many as eight hotels exclusively in China.



HYATT HOTELS CP (H): Free Stock Analysis Report

STARWOOD HOTELS (HOT): Free Stock Analysis Report

MARRIOTT INTL-A (MAR): Free Stock Analysis Report

WYNDHAM WORLDWD (WYN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: H , HOT , MAR , WYN

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

61,354,178
  • $10.59 ▲ 13.26%
57,732,182
  • $16.27 ▲ 1.12%
51,991,548
  • $103.30 ▲ 0.78%
48,129,834
  • $20.65 ▲ 5.52%
41,623,916
  • $12.63 ▲ 8.13%
34,295,241
  • $76.68 ▲ 2.49%
31,519,079
  • $34.57 ▼ 1.00%
28,847,879
  • $3.64 ▲ 0.28%
As of 9/2/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com