Hyatt Hotels Corporation has recently opened TOOR Hotel in Toronto’s Garden District, marking its second JdV by Hyatt hotel in the city and third in Canada. The new property, owned and managed by Manga Hotel Group, expands Hyatt’s presence in Toronto and adds to the company’s growing lifestyle portfolio. Positioned in downtown Toronto, TOOR Hotel is designed to reflect the city’s culture and energy and cater to both business and leisure travelers.
Hyatt’s strategic acquisitions and expanding global footprint have fueled its strong growth prospects, with the company adding 81 hotels and over 20,000 rooms to its portfolio in the fourth quarter of 2024. As of the end of 2024, Hyatt had a pipeline of contracts for approximately 720 hotels, representing a 9% year-over-year pipeline expansion. The company anticipates continued net room growth of 6% to 7% in 2025.
While Hyatt’s stock has underperformed the industry in the year-to-date period, its focus on revenue per available room, strong leisure travel demand, and unit expansion efforts are expected to drive growth. The company’s loyalty program and strategic acquisitions also bode well for its future success.
Hyatt currently holds a Zacks Rank #3 (Hold), with promising options in the Consumer Discretionary sector including RCI Hospitality Holdings, Inc., Adtalem Global Education Inc., and Royal Caribbean Cruises Ltd. RCI Hospitality and Adtalem hold a Zacks Rank #1 (Strong Buy), while Royal Caribbean has a Zacks Rank #2 (Buy). These companies have shown positive sales and earnings growth, with strong potential for future success in the market.
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