Hyatt Hotels Corp (H) Q4 2019 Earnings Call Transcript

Hyatt Hotels Corp (H) Q4 2019 Earnings Call Transcript

I would now like to turn the conference over to your host for today, Brad O'Bryan, Treasurer and Senior Vice President, Investor Relations and Corporate Finance.. Very proud of what the Hyatt family is doing to fulfill our purpose and to ensure that we are aggressive in limiting the financial strain that our hotel owners are experiencing in Greater China and in other markets in Asia-Pacific, where travel patterns have been disrupted.. On the growth front, we opened a record number of hotels and signed a record number of new management and franchise agreements that resulted in pipeline growth of approximately 13% on a year-over-year basis.. We continue to drive industry-leading net rooms growth, while at the same time executing our capital strategy and demonstrating the value of our hotel real estate.. Most importantly, we continue to materially increase our presence around the world, having added 35 new markets in 2019 alone through both new hotel openings and conversions and that excludes the over 140 new markets we added through a significant expansion of our collaboration with small luxury hotels.. Our development teams delivered another record year of signings, driving an increase of over 13% in our pipeline even after