In a bid to expand its presence in the promising Latin
American market, Chicago, Illinois-based, leading global hotel
Hyatt Hotels Corp.
) recently launched an Andaz-branded property in Guanacaste,
Costa Rica. The five-star property, named Andaz Peninsula
Papagayo, marks the debut of the brand in the country.
Andaz Peninsula Papagayo is strategically positioned at the
Peninsula Papagayo in the northwest Pacific coast and is in close
proximity to the Bay of Culebra. Reputed for its scenic beauty
and cultural heritage, Costa Rica is an attractive tourist
destination. Travelers staying at Andaz Peninsula Papagayo will
be able to enjoy the view of the ocean as well as the forest.
We expect the strategic position, wide range of amenities
offered at the 127-room hotel and its contemporary ambience to
create a strong guest base, going ahead.
Hyatt has set a trend in hotel designs with the luxury
boutique brand Andaz which has spread its operations globally
with 11 hotels across four countries since its launch in 2007. It
is currently on a high growth trajectory.
With the rise of the affluent middle-class population in Latin
America, the inclination to spend on travel and leisure has
somewhat risen. Apart from tourism, the region is also
successfully emerging as a business hub. In fact, the select
service segment in Latin America remains fairly underserved. All
these factors justify Hyatt's decision to have one of the largest
hotel development pipelines in the region.
Hyatt presently has a Zacks Rank #3 (Hold). Some better-ranked
stocks in the hotels sector include
Orient-Express Hotels Ltd.
Home Inns & Hotels Management Inc.
Wyndham Worldwide Corporation
). All these companies sport a Zacks Rank #1 (Strong Buy).
HYATT HOTELS CP (H): Free Stock Analysis
HOME INNS&HOTEL (HMIN): Free Stock Analysis
ORIENT EXP HOTL (OEH): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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