Hyatt Hotels Corporation recently opened TOOR Hotel in Toronto’s Garden District, marking its second JdV by Hyatt hotel in the city and third in Canada. The property, owned and managed by Manga Hotel Group, aims to serve the needs of both business and leisure travelers in Toronto, a global destination that continues to grow. The hotel, operating under the JdV by Hyatt brand, adds to Hyatt’s presence in Canada and provides an additional option for World of Hyatt members in the region.
With a focus on expansion, Hyatt has demonstrated strong growth prospects through strategic acquisitions and an expanding global footprint. In the fourth quarter of 2024, the company added 81 hotels to its portfolio, driving net room growth of 7.8% for the year. Looking ahead to 2025, Hyatt anticipates net room growth to increase in the range of 6% to 7% year over year.
Despite a 30% decline in its stock price year-to-date, Hyatt remains focused on revenue growth through improved revenue per available room, strong leisure travel demand, and unit expansion efforts. The company’s loyalty program and strategic acquisitions are expected to drive future growth.
Hyatt currently carries a Zacks Rank #3 (Hold), with other better-ranked stocks in the Consumer Discretionary sector including RCI Hospitality Holdings, Inc., Adtalem Global Education Inc., and Royal Caribbean Cruises Ltd. These companies have delivered strong earnings surprises and are positioned for growth in the coming year.
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