Africa Seen as Growing Hot Spot for $3,000-a-Night Hotel Rooms [BNN Bloomberg (Canada)]
Hyatt Hotels Corporation Class A (H)
Last hyatt hotels corporation class a earnings: 2/19 04:30 pm
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Source: BNN Bloomberg
footprint across Africa in the coming years as the continent sees a boom in tourism. Marriott, which last year opened the JW Marriott Masai Mara Lodge in Kenya with rooms averaging more than $3,000 a night, has more than 138 hotels under development in Africa, while Hilton has 72 properties in the pipeline, according to a report by W Hospitality Group. Hyatt Hotels Corp. is planning to add another 11 locations across the continent, the report shows. In all, the Lagos, Nigeria-based travel specialist found that the total number of hotel rooms operated by major chains on the continent is expected to soar 75% to 175,346 in the coming years. More than three-quarters of the properties are expected to be upscale, upper upscale or luxury locations. “There an enormous concentration of new hotels and resorts in the luxury and upper upscale level and hardly anything at the economy and midscale,” Trevor Ward, managing director of W Hospitality Group, said in an interview. “I hope that will
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News
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- Hyatt to Present at Upcoming Investor ConferencesBusiness Wire
- Hyatt Hotels Co. (NYSE: H) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
H
Earnings
- 2/23/24 - Beat
H
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- H's page on the SEC website