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DUBAI, UAE – Hyatt has seen more than 13,500 meetings, incentives, conferences and exhibitions (MICE) enquiries in the Middle East in Q1 2024, driven by evolving business travel preferences.
Hyatt’s UAE properties accounted for more than 6,000 of these enquiries, amounting to an 8% growth year on year. The UAE also witnessed a 7% increase in business requests across 2023, which totalled more than 21,500 enquiries for room nights and/or meeting spaces for business purposes.
“The world and hospitality industry has changed post-covid. Business is back, and there is greater focus by companies on the creative ways in which they can deliver innovative and quality events,” commented Paul Dalgleish, VP Sales, Revenue and Business Development EAME. “Bleisure, a combination of business and leisure, has been a key driver in the boom of business travel bookings post-Covid, and is a trend that isn’t expected to slow down.”
“Subsequently, corporates are increasingly allowing delegates to extend their work trips following events, so that they can prolong a trip with friends and family. In addition to Hyatt’s growing pipeline of MICE-focused hotels, corporates are more frequently selecting leisure hotels for MICE events. Leisure elements are becoming more desirable for corporates which are looking to provide inspiring environments; keep their audience motivated; and incorporate wellbeing activities into a business event, such as through sporting activities or spa breaks - aspects that many MICE-ready hotels are developing in order to benefit from this trend.”
Memorable Meeting Experiences with Together by Hyatt
Hyatt is embracing these evolving preferences through its world-renowned brands for business travellers, and its meetings and events platform, Together by Hyatt. This dedicated events philosophy is brought to life through Hyatt’s purpose of care, embedding wellbeing, support, technology and sustainability into MICE bookings.
Together by Hyatt has helped to drive bookings to a quarterly high since it was introduced in 2021, providing event organisers with the tools, resources and support they need. Together by Hyatt provides everything from wellbeing enhancements that provide an elevated and balanced experience, to bespoke event experience guides, sustainability fact sheets, and technology tools designed to simplify, save time and make event planning and booking seamless.
Inspiring Settings
In a post-pandemic world, unique and inspiring venues are in higher demand than before. Hyatt is ideally-positioned to cater to these changing needs via its Unique Venues, the growing collection of one of a kind, story-worthy MICE spaces across participating hotels in Europe, Africa and the Middle East. From Grand Hyatt Dubai which hosts the largest and most versatile hotel convention centre in the city, to Hyatt Regency Aqaba Ayla’s La Plage Beach Club with dazzling water views, and Hyatt Regency Oryx Doha’s meeting spaces which boast state-of-the-art equipment and convenient access to Hamad International Airport: this curated collection leaves corporates spoilt for choice.
For more information about Hyatt hotels, please visit: www.hyatt.com.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
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About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of March 31, 2024, the Company's portfolio included more than 1,300 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.
MEDIA CONTACT:
Chloe Duncan
Hyatt – Middle East and Africa
Chloe.duncan@hyatt.com
Jumana Bataineh
Q Communications – Dubai, United Arab Emirates
jumana.b@qcomms.ae
Forward-Looking Statements
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. These statements include statements about our plans, strategies, outlook, occupancy, the amount by which the Company intends to reduce its real estate asset base, the expected amount of gross proceeds from the sale of such assets, and the anticipated timeframe for such asset dispositions, the number of properties we expect to open in the future, pace and booking trends, the expected timing and payment of dividends, RevPAR trends, our expected Adjusted G&A Expense, our expected capital expenditures, our expected net rooms growth, our expected system-wide RevPAR, our expected one-time integration-related expenses, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. 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 actual results to differ materially from current expectations include, but are not limited to: general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; 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; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute our strategy to expand our management and hotels services and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotels services or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company's filings with the SEC, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, which filings are available from the SEC. 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