Spain remains key growth market; new joint venture with
Spanish Grupo Piñero drives all-inclusive growth.
CHICAGO – Hyatt Hotels Corp.’s current pipeline across
Europe, Africa, and the Middle East (EAME) is set to add 13 new markets between
2025 and 2028.
Hyatt’s pipeline in EAME includes projects set to debut in
new European and African markets like Estonia, Iceland, Romania, Cape Verde,
and Mauritius, alongside previously revealed luxury and lifestyle properties
such as Park Hyatt Johannesburg, Miraval The Red Sea, Andaz Doha, and Andaz
Lisbon – all part of Hyatt’s plans to add 50 new hotels in these segments
globally by 2026.
As of September 30, 2024, Hyatt’s portfolio in EMEA
included more than 200 properties and 45,000-plus rooms across 40-plus
countries, having tripled its room count in Europe since 2017.
Hyatt’s portfolio in Spain has expanded significantly over
the last five years, growing from four hotels with just over 1,000 rooms in
2020 to 55 hotels spanning more than 14,500 rooms as of December 31, 2024.
Strategic acquisitions have included all-inclusive player Apple Leisure Group
in 2021, lifestyle hospitality company Standard International in 2024 – which
brought The Standard, Ibiza to Hyatt – and the strategic joint venture with
Spanish Grupo Piñero completed last month, which added five Bahia Principe branded
properties to Hyatt’s Inclusive Collection in Europe.
“Spain represents our largest market in EAME, and Hyatt is
committed to expanding its portfolio in leisure, luxury, and lifestyle
segments, across coastal destinations, islands and major and secondary cities,”
said Javier Águila, group president EAME, for Hyatt.
Hyatt’s pipeline in Spain includes the Thompson Sevilla, set
to open by 2026.
In addition to EAME, Latin America and the Caribbean remain
a key priority for Hyatt with growth fueled by robust leisure travel and
bolstered by the recently completed strategic joint venture with Grupo Piñero.
The 50/50 joint venture resulted in 21 Bahia Principe branded resorts across
the Dominican Republic, Mexico, Jamaica and Spain, as well as the Cayo
Levantado Resort in the Dominican Republic, joining Hyatt’s Inclusive
Collection portfolio, representing the addition of approximately 12,000 rooms
and increasing Hyatt’s all-inclusive rooms portfolio by 30%.
Hyatt’s pipeline in the Caribbean includes openings planned
for the first half of 2025 such as Hyatt Regency Panama City, Hotel La Compañía
del Valle, which is part of The Unbound Collection by Hyatt, Park Hyatt Los
Cabos at Cabo del Sol and Secrets Baby Beach Aruba, among others.