Leisure travel demand fuels Hyatt’s rooms growth in the Middle East

Leisure travel demand fuels Hyatt’s rooms growth in the Middle East

DUBAI: Hyatt recently reported second quarter 2022 financial results, which reflected strength in the company’s Europe, Africa, the Middle East and Southwest Asia (EAME/SWA) segment with the Middle East experiencing a cross-border travel resurgence. The overall strength of recovery in the region is attributed to solid growth in leisure and an increase in business travel demand and large events.

Leisure travel demand has fuelled rooms growth in the Middle East, including the:

- Introduction of luxury and lifestyle brands in the United Arab Emirates (UAE), with the opening of Andaz Dubai The Palm and Hyatt Centric Jumeirah Dubai

- Opening of the second Alila resort in Oman, Alila Hinu Bay, in June 2021

- The debut of the Grand Hyatt brand in the Kingdom of Saudi Arabia with the opening of Grand Hyatt Al Khobar Hotel and Residences

- Anticipated opening of Grand Hyatt Kuwait later this year, marking the first Grand Hyatt hotel in the country; the property has partially opened as of August 2022

- The debut of the luxury and lifestyle Andaz brand in Qatar, with the opening of Andaz Doha, slated for the fourth quarter of 2022

At present, Hyatt’s portfolio in the Middle East currently includes 28 hotels, with an additional seven