Travel Industry News at TravelNewsAsia.com since 1997
Fri, 5 November 2021

Hyatt Doubles Portfolio of Resorts with Acquisition of Apple Leisure Group

(06 Nov 2021)  Hyatt has completed its acquisition of Apple Leisure Group (ALG), a luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners.

With the addition of ALGs AMR Collection brand portfolio, which comprises approximately 100 hotels and resorts operating in 10 countries, as well as a pipeline of 24 executed deals in the Americas and Europe, Hyatt is effectively doubling its global footprint of resorts.

As a result, Hyatt now offers one of the largest collections of luxury all-inclusive resorts in the world, including new destinations for Hyatt such as Acapulco, Curaao, the Canary Islands, Menorca and St. Martin.

Dreams Las Mareas Resort and Spa in Costa Rica. Click to enlarge.
Dreams Las Mareas Resort and Spa in Costa Rica

Through this acquisition, Hyatt has added properties in 11 new European markets and expanded its European brand footprint by 60%.

In addition, Hyatt can now offer even more options and experiences to its guests, including:

- Unlimited Vacation Club by AMR Collection, an exclusive membership club whose members enjoy preferred rates and other benefits at participating AMR Collection properties;

- ALG Vacations, one of the largest packaged vacation providers and leisure travel distribution platforms in North America serving the United States, Mexico and Caribbean;

- Amstar, a leading destination services management company; and

- Trisept Solutions, a unique leisure travel technology platform.

Hyatt plans to integrate the AMR Collection into World of Hyatt in 2022 so that members can earn and redeem World of Hyatt points at AMR Collection hotels and resorts.

Hyatts acquisition of ALG represents a brand-defining moment in our more than 60-year history and builds on our legacy as a hospitality leader, said Mark Hoplamazian, president and chief executive officer, Hyatt. Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to colleague and guest experiences focused on care. Having first entered the fast-growing luxury all-inclusive space in 2013, we are ideally positioned to capture the significant and rising demand for leisure travel and extend the world-class hospitality we provide to a wide range of new travelers. We are excited to welcome the ALG team to the Hyatt family, and look forward to working together to achieve new levels of growth and value creation for all stakeholders including our shareholders, owners, customers, guests, members and colleagues.

ALG will operate as a distinct business unit within Hyatt and will continue to be led by Alejandro Reynal and the current ALG leadership team.

Mr. Reynal has joined Hyatts executive leadership team and reports to Mr. Hoplamazian.

Headlines: B.1.1.529 Concerns Lead UK to Ban Passenger Planes from Six Countries in Africa  Accor Wins Naming Rights for Stadium Australia in Sydney  Hong Kong Int. Airport's Flight Token Wins Best Innovation Award  ADNEC Continues Diversification with Acquisition of Etihad Holidays  Air Astana to Resume Flights Between Almaty and New Delhi, India  Minor Hotels Expands Anantara Brand to Budapest, Hungary  Emirates Signs Codeshare Agreement with airBaltic  Qantas Unveils Plans for Queensland Network  Malaysia Airlines Signs MOU with UCSI Group  Smiths Detection and Microsoft Working to Combat Wildlife Trafficking  Marriott Opens 7th Hotel in Melbourne, Australia  Embraer Showcasing E195-E2 TechLion at Selangor Aviation Show  Singha Estate Breaks Ground on New Resort in Maldives  Singapore Airlines Launches Flight Pass  Bangkok Airways to Resume Flights from Samui and Phuket to U-Tapao  China Airlines Testing New Wireless IFE System on Boeing 737-800s  CBRE Appoints Chris Ely as Head of Hotel Asset Management, Asia  Asia Pacific Airlines Report October 2021 Traffic Figures  Alessio Minetto Joins The Woodward, Geneva as GM  Singapore Airlines and Scoot to Resume Flights to India  Dusit to Manage Ananda's New Residential Project in Bangkok  Martin Fabiano Returns to Jakarta as GM of the Sari Pacific Hotel  Chidchanok Pasinpong Appointed GM of the Avani Sukhumvit Bangkok Hotel  IATA Publishes Blueprint for Simplifying Travel  Korea Tourism Organization Uses Extended Reality for Extensive New Campaign  Amadeus Research Looks at Importance of Transparent Pricing for Airlines  Embraer Signs MOU with Royal Netherlands Aerospace Center  Sandra Watermann Appointed Cluster GM of Two Hotels in Phuket, Thailand  CMA CGM Signs Binding MOU with Airbus for Four A350F Aircraft  Hi Fly Airbus A340-313HGW Makes History with Antarctica Flight  Malaysia and Singapore Airlines to Expand Codeshare Agreement  Sabre Moves from Pilot to General Launch of NDC Content in GetThere  Qantas Accelerates Return of Airbus A380 to Service  Marriott Signs Second W Hotel in Dubai  Indonesia Orders Two Airbus A400M Aircraft; Signs LOI for 4 More  Air Tanzania Orders 4 Boeing Aircraft at Dubai Airshow  Darren Darwin Appointed GM of Avani+ Khao Lak Resort in Thailand  Executive Appointments at CWT  Cathay Pacific Reports Increase in Cargo and Passenger Numbers  Four Seasons Jackson Hole Appoints Sean Casserly as Resort Manager  Emirates A380 to Operate One of Three Daily Return Flights to Bangkok, Thailand  Accor Partners Qantas for Double Loyalty Rewards  TUI Signs Distribution Agreement with Sabre Hospitality Solutions  Naowarat Arunkong Returns to Hua Hin as Cluster GM of Two Resorts  SITA Upgrading Passenger Experience at Frankfurt Airport with 87 TS6 Kiosks  Boeing 777-9 Visits Qatar Airways in Doha  Airbus Partners Thales and Diehl for eVTOL Development  BA and AA Offer Free COVID19 Test Kits to Business Class Travellers  flypop Partners Hi Fly to Launch Zero LOPA Cargo Operations  Eve Partners Senna for eVTOL Inspiration  Singapore Airlines Unveils New Economy and Business Class Cabins  Cathay Pacific / HSBC Hong Kong Sevens 2022 Moved from April to November  New Indian Airline Orders 72 Boeing 737 MAX Aircraft  ATPCO to Update Industry Collaboration Framework with Two New Councils  New Japanese Airline Signs LOI with ATR  BEIA Appoints Steve Armitage as Independent Chair  Emirates Orders Two Boeing 777 Freighters at Dubai Airshow 2021  Alpha Star Aviation Becomes Launch Customer of ACJ's New IFE Technology  IATA Warns of Skilled Labor Shortage for Ground Handling Providers  Russian Helicopters Establishes Alpha Aviation JV in UAE  ALC Signs LOI for 111 Airbus Aircraft; Becomes Launch Lessor for A350F  IATA Appoints Marie Owens Thomsen as Chief Economist  Korean Air Receives Vietnam's Approval for Asiana Acquisition  Six Senses Signs Very Special Hotel in Lisbon, Portugal  United Airlines Increases Flights to Las Vegas for CES 2022  TAROM Orders Three ATR 72-600 Aircraft  Spain Orders Three Airbus A330MRTT Aircraft  DHL Express Orders Nine More Boeing 767-300BCFs  UAE Air Force & Air Defence Orders Two Airbus A330MRTT Aircraft  Indigo Partners Orders 255 A321neo Family Aircraft at Dubai Airshow  Korean Air Reports Q3 Profit; Cargo Breaking Records  Boeing to Open Three More Passenger to Cargo Conversion Lines  HKIA Reports Increase in Cargo and Passenger Numbers in October  Thai AirAsia Reports Q3 2021 Results  Cathay Pacific to Require All Eligible Aircrew to Get Third Dose of COVID19 Vaccine  Binter Canarias Orders Four ATR 72-600 Aircraft  Court Approves CWT's Recapitalization Plan  SIA Expects Passenger Capacity to Reach 43% of Pre-COVID Levels by December  Boeing to Showcase 777X at Dubai Airshow  United Airlines to Launch Flights to Amman, Jordan  Mandarin Oriental Reports First Profit Since Q4 2019  Envision Digital and SITA to Develop Net Zero Carbon Solutions for Airports  Embraer Starts Building Hungary's First KC-390 Millennium Aircraft  Qatar Cargo First to Implement IATA CO2NNECT  Elbit Systems to Upgrade Electronic Warfare Capabilities of UK's Royal Navy  SLH Signs First Hotel in Sapporo, Japan  PPHG Appoints Cristian Nannucci as GM of Two Properties in KL  AirAsia Group Appoints Colin Currie as CCO  China Southern Expands Codeshare Agreement with Qatar Airways  Fello'fly Could Significantly Boost Environmental Performance of Aircraft  SITA Develops Solution for Offline EPL Verification  Thai Cargo to Operate Flights to 30 Destinations in Winter Schedule  Eve Partners Widerøe Zero to Develop eVTOL Operations in Scandinavia  Courtyard by Marriott Hotel Opens in Phuket Town, Thailand  IHG Appoints Mark Winterton as GM of voco Orchard Singapore  Pan Pacific Signs Two Properties in Kuala Lumpur, Malaysia  Travellers Must be Fully Vaccinated to Fly with AirAsia Malaysia  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS News Feed and Ticker  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Receive our Latest Travel News Daily Email free of charge by entering your email address and name in the boxes to the right and clicking subscribe. By subscribing, you agree with Revue's Terms of Service and Privacy Policy. You can also receive the news by WhatsApp, stay updated with our RSS Feed Travel Industry News by TravelNewsAsia.com, and even Add the Headlines to Your Website free of charge. Have questions? Please read our travel news FAQ.

     
Advertising
Advertising
Copyright © 1997-2021 TravelNewsAsia.com