We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hyatt (H) Plans to Open Hyatt Ziva Riviera Cancun in 2021
Read MoreHide Full Article
Hyatt Hotels Corporation (H - Free Report) recently announced that it is planning to expand its presence in Mexico with the opening of a brand-new all-in-one Hyatt Ziva in Mexico’s Riviera Cancun region. The resort is scheduled to open by the end of 2021.
The resort will cover an area more than 15,000 square feet, comprising 438 rooms. Being located between Playa del Carmen and Cancun Hotel Zone, the resort will be around half an hour away from Cancun International Airport and will be easily commutable for tourists.
Hyatt Ziva Riviera Cancun will offer a large range of facilities to guests, starting from locally authentic restaurants, multiple swimming pools, the Zen Spa, 12 indoor and eight outdoor treatment rooms and a fitness center. Moreover, the space will easily accommodate weddings, anniversary celebrations or any large meetings and events.
In this regard, Frank Lavey, Hyatt’s senior vice president of global operations, has stated, “We are thrilled to introduce the Hyatt Ziva brand to new guests and World of Hyatt members as we expand our brand footprint in the Americas through the addition of this new all-inclusive resort.”
Expansion Plans & Share Performance
Hyatt has been consistently trying to expand its presence worldwide in order to gain market share in the hospitality industry. Recently, the company announced a solid pipeline of developments that are likely to cater to the company’s intention of global market expansion.
The company is consistently focusing to build global existence and therefore has various expansion plans in the Asia Pacific, Europe, Africa, Middle East and Latin America. Apart from these, the company continues to expand in international markets like Australia, Brazil, Germany, the U.K., Indonesia, Japan, Mexico, Saudi Arabia, Singapore, Thailand, Netherlands South Korea, Canada and the Caribbean.
The launch of Hyatt Ziva Riviera Cancun will mark the sixth Hyatt Ziva resort in Mexico and the Caribbean region. Playa Hotels & Resorts will manage and operate the resort.
Coming to share performance, Hyatt has surged 48.6% in the past six months compared with the industry’s 42.3% rally. Also, earnings estimates for 2021 have moved up over the past seven days. The company has been benefiting from a differentiated brand portfolio, strong expansion plans and acquisition strategies.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Image: Bigstock
Hyatt (H) Plans to Open Hyatt Ziva Riviera Cancun in 2021
Hyatt Hotels Corporation (H - Free Report) recently announced that it is planning to expand its presence in Mexico with the opening of a brand-new all-in-one Hyatt Ziva in Mexico’s Riviera Cancun region. The resort is scheduled to open by the end of 2021.
The resort will cover an area more than 15,000 square feet, comprising 438 rooms. Being located between Playa del Carmen and Cancun Hotel Zone, the resort will be around half an hour away from Cancun International Airport and will be easily commutable for tourists.
Hyatt Ziva Riviera Cancun will offer a large range of facilities to guests, starting from locally authentic restaurants, multiple swimming pools, the Zen Spa, 12 indoor and eight outdoor treatment rooms and a fitness center. Moreover, the space will easily accommodate weddings, anniversary celebrations or any large meetings and events.
In this regard, Frank Lavey, Hyatt’s senior vice president of global operations, has stated, “We are thrilled to introduce the Hyatt Ziva brand to new guests and World of Hyatt members as we expand our brand footprint in the Americas through the addition of this new all-inclusive resort.”
Expansion Plans & Share Performance
Hyatt has been consistently trying to expand its presence worldwide in order to gain market share in the hospitality industry. Recently, the company announced a solid pipeline of developments that are likely to cater to the company’s intention of global market expansion.
The company is consistently focusing to build global existence and therefore has various expansion plans in the Asia Pacific, Europe, Africa, Middle East and Latin America. Apart from these, the company continues to expand in international markets like Australia, Brazil, Germany, the U.K., Indonesia, Japan, Mexico, Saudi Arabia, Singapore, Thailand, Netherlands South Korea, Canada and the Caribbean.
The launch of Hyatt Ziva Riviera Cancun will mark the sixth Hyatt Ziva resort in Mexico and the Caribbean region. Playa Hotels & Resorts will manage and operate the resort.
Coming to share performance, Hyatt has surged 48.6% in the past six months compared with the industry’s 42.3% rally. Also, earnings estimates for 2021 have moved up over the past seven days. The company has been benefiting from a differentiated brand portfolio, strong expansion plans and acquisition strategies.
Zacks Rank
Hyatt — which shares space with Hilton Worldwide Holdings Inc. (HLT - Free Report) , Extended Stay America, Inc. and Choice Hotels International, Inc. (CHH - Free Report) in the Zacks Hotels and Motels industry — currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>