Hyatt Expands Lifestyle Portfolio With New Opening in Toronto

Core Insights - Hyatt Hotels Corporation has opened the TOOR Hotel in Toronto's Garden District, marking its second JdV by Hyatt hotel in the city and third in Canada, which supports the company's focus on expanding its lifestyle portfolio [1][2][3] Expansion and Growth - The TOOR Hotel is owned and managed by Manga Hotel Group and is designed to reflect Toronto's culture, catering to both business and leisure travelers as the city grows as a global destination [2] - Hyatt added 81 hotels (20,721 rooms) to its portfolio in Q4 2024, achieving a net room growth of 7.8% during the year, indicating strong growth prospects [4] - As of December 31, 2024, Hyatt has a pipeline of approximately 720 hotels (138,000 rooms), representing a 9% year-over-year expansion, with anticipated net room growth of 6% to 7% in 2025 [5] Financial Performance - Hyatt's shares have declined by 30% year-to-date, compared to a 20.7% decline in the Zacks Hotels and Motels industry, although improvements in revenue per available room and strong leisure travel demand are expected to drive future growth [8] - The company has experienced a trailing four-quarter negative earnings surprise of 62.9% on average, with a 30.6% decline in stock over the past year [11]