Industry Update
Press Release 2 December 2019

Hyatt Plans to Expand Global Luxury Portfolio With More Than 20 New Hotels and Resorts by the End of 2020

Five new Park Hyatt hotels expected to open as the brand celebrates its 40th anniversary; The Unbound Collection by Hyatt continues to see strong growth in Europe

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Global Hyatt Corporation

CHICAGO - Hyatt Hotels Corporation (NYSE: H) announced today that more than 20 new luxury hotels and resorts are expected to open worldwide by the end of 2020, boosting Hyatt's luxury portfolio. The additions include new properties under the Park Hyatt, Andaz, Alila, Grand Hyatt, Miraval and The Unbound Collection by Hyatt brands.

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As part of this global expansion, The Unbound Collection by Hyatt brand is seeing its strongest growth to date in Europe. The brand is known for an exceptional portfolio of true historic gems as well as contemporary properties with a fascinating past. Each hotel within the collection provides one-of-a-kind experiences attracting independently minded travelers looking for the extraordinary. Upcoming hotels include distinctive properties like Great Scotland Yard, the location of London's former metropolitan police headquarters, expected to open December 9; and the majestic Hôtel du Palais Biarritz, the former imperial residence of Napoleon III, which is due to reopen in June 2020 after an extensive renovation.

"With our growth acceleration in the luxury segment, we will have the opportunity to care for more travelers around the globe through a range of differentiated high-end experiences," said Mark Vondrasek, chief commercial officer, Hyatt. "We're excited to expand into new markets and enhance the global footprint of our brands, giving our guests and members additional ways to connect with our luxury offerings in places where they want to be."

Celebrating its 40th anniversary in 2020, the Park Hyatt brand is also a key contributor to Hyatt's luxury portfolio growth, with five Park Hyatt hotels expected to open by 2020 in Doha, Qatar; Jakarta, Indonesia; Niseko Japan; Suzhou, China; and Auckland, New Zealand. With its world-renowned artwork, sophisticated design, and sought-after dining experiences - with several Michelin-starred restaurants, now totaling three in Europe - the brand caters to discerning travelers who appreciate understated luxury and an intimate, residential stay. Throughout the decades, Park Hyatt hotels have delivered immersive experiences, creating a refined home away from home for guests.

"Across Europe, Africa, the Middle East, as well as Southwest Asia, luxury properties account for over a third (35 percent) of our portfolio," said Peter Fulton, group president - EAME SWA, Hyatt. "Europe in particular, with its unique and historic architecture, represents a natural home for The Unbound Collection by Hyatt brand, and as we expand with our lifestyle and independent brands, we are confident our new offerings will cater to high-end travelers who are seeking an unprecedented stay."

Other announcements include the expansion of the Alila brand, which delivers world-class service and crafts rare and intimate experiences for its guests, with three luxury resorts expected to open in Switzerland, Malaysia and Oman. In addition, six Andaz branded luxury lifestyle properties are due to open in Dubai, UAE; Prague, Czech Republic; Bali, Indonesia; Shenzhen and Xiamen in China, and Palm Springs, California, offering distinctively local experiences and creative design within open, barrier-free spaces.

The Grand Hyatt brand is also set to continue to steadily grow with new openings in Hefei and the Shenzhou Peninsula in China, Kuwait, Gurgaon in India, Jeju in South Korea, and Nashville, Tennessee, along with the first Grand Hyatt hotel in Al Khobar, Saudi Arabia. Known for its bold and vibrant architecture and welcoming service, Hyatt's largest luxury brand, Grand Hyatt, celebrates the iconic in small details and magnificent moments.

Planned Alila openings

  • Alila Dalit Bay in Malaysia (2020)
  • Alila Hinu Bay in Oman (2020)
  • Alila La Gruyère in Switzerland (2023)

Planned/Recent Andaz openings

  • Andaz Dubai The Palm (2019)-will mark the brand's entry into Dubai
  • Andaz Bali (2020)-will mark the brand's entry into Indonesia
  • Andaz Shenzhen in China (2020)
  • Andaz Xiamen in China (2020)
  • Andaz Palm Springs in the U.S. (2020)
  • Andaz Prague (2022)-will mark first Hyatt hotel in the Czech Republic
  • Andaz Seoul Gangnam in South Korea (opened 2019)

Planned/Recent Grand Hyatt openings

  • Grand Hyatt Hefei in China (2019)
  • Grand Hyatt Al Khobar (2020)-will mark the brand's entry into the Kingdom of Saudi Arabia
  • Grand Hyatt Kuwait (2020)-will mark the brand's entry into Kuwait
  • Grand Hyatt Gurgaon in India (2020)
  • Grand Hyatt Jeju in South Korea (2020)-will mark largest Grand Hyatt hotel in Asia Pacific
  • Grand Hyatt Nashville in the US (2020)-will mark the brand's entry into Tennessee
  • Grand Hyatt Shenzhou Peninsula in China (2020)
  • Grand Hyatt at SFO-only on-airport hotel at SFO (opened 2019)

Planned/Recent Park Hyatt openings

  • Park Hyatt Doha (2019)-will mark the brand's entry into Qatar
  • Park Hyatt Auckland (2020)-will mark the brand's entry into New Zealand
  • Park Hyatt Jakarta (2020)-will mark the brand's entry into Indonesia
  • Park Hyatt Niseko Hanazono in Japan (2020)
  • Park Hyatt Suzhou in China (2020)
  • Park Hyatt Kyoto in Japan (opened 2019)

Planned The Unbound Collection by Hyatt openings

  • Great Scotland Yard (2019)-will mark the brand's entry into the UK
  • Hotel du Palais Biarritz in France (2020)

Planned Miraval openings

  • Miraval Berkshires Resort and Spa in the US (2020)—will mark the brand's entry into Massachusetts

The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

Forward-Looking Statement

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. These statements include statements about the planned expansion of our global luxury hotels and resorts portfolio, including anticipated timelines for property openings, and involve known and unknown risks that are difficult to predict. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause our actual results, performance or achievements to differ materially from current expectations include, among others, the rate and the pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the U.S. Securities and Exchange Commission. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Related Brands

Andaz

Global in scale while local in perspective, the Andaz brand of luxury lifestyle hotels weaves the sights, sounds, and tastes of each property’s surroundings for a distinct experience. Through thoughtful, unscripted service, Andaz hotels enable guests to go beyond the familiar and satiate their curiosity while immersing them in the spirit of the eclectic culture around them.
brand information

Grand Hyatt

Around the world, Grand Hyatt hotels unlock the extraordinary in every moment by creating experiences beyond expectation. Located at the crossroads of local culture and global business within major gateway cities and resort destinations, each Grand Hyatt hotel is uniquely designed to reflect its own distinct environment and provides a hub for travelers and locals alike.
brand information

Hyatt

Upscale on a more intimate scale. With restaurants and gathering spaces geared toward the individual traveler, Hyatt hotels are properties designed with contemporary flair to serve discerning business and leisure travelers who seek well-appointed guest rooms and convenient access to business districts, airports or leisure attractions.
brand information

Alila

The hallmark of Alila is the combination of innovative design and luxury in unique locations, set apart by an unprecedented level of private space, crafted artisanship, personalised hospitality and bespoke learning journeys.
brand information

The Unbound Collection by Hyatt

The Unbound Collection by Hyatt brand is a portfolio of new and existing upper-upscale and luxury hotel properties, ranging from historic urban gems to contemporary trend-setters, boutique properties to resorts, and private home accommodations.
brand information

Miraval

Miraval is a global brand in wellness resorts and spas. Miraval Arizona Resort & Spa in Tucson pioneered the destination wellness spa resort category with its comprehensive program of activities, experiences and personal treatments.
brand information
Other Brands by Hyatt
Alila
Andaz
Destination
Grand Hyatt
Hyatt
Hyatt Centric
HYATT house
Hyatt Place
Hyatt Regency
Jaya Hotels & Residences
Joie de Vivre
Miraval
Park Hyatt
The Unbound Collection by Hyatt
Thompson
tommie
Zilara (By Hyatt)
Ziva (By Hyatt)

About Hyatt Hotels Corporation

World of Hyatt is Hyatt's award-winning guest loyalty program uniting participating locations in the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Hyatt House®, Hyatt Place®, Joie de Vivre®, Hyatt Residence Club® and Exhale® brands on a global scale. Members who book directly through Hyatt channels can enjoy personalized care and access to distinct benefits including Guest of Honor, confirmed suite upgrades at time of booking, diverse wellbeing offerings, mobile key and exclusive member rates. With more than 16 million members, World of Hyatt offers a variety of ways to earn and redeem points for hotel stays, dining and spa services, wellbeing focused experiences through the FIND platform, offerings through Hyatt's wellbeing brands Exhale and Miraval; as well as the benefits of Hyatt's strategic loyalty collaborations with American Airlines AAdvantage®, Small Luxury Hotels of the World™, Lindblad Expeditions and MGM Resorts International. Travelers can enroll for free at world.hyatt.com, download the World of Hyatt app for android and IOS devices and connect with Hyatt on Facebook, Instagram and Twitter.

Contact
Simone Loretan
Hyatt – Europe, Africa and Middle East and Southwest Asia
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