ASPAC | Jotup

Hyatt Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Friday, February 23, 2024

Vacation, Other Travel, Lodging, Destinations, Travel, ALG, Mr. & Mrs. Smith, Vacation Club, Investment, Share repurchase, Sale, RevPAR, Comparable, A-22, ASPAC, Rio (hotel and casino), UVC, Apple Leisure Group, Hotel

Americas management and franchising segment: Results in the fourth quarter were driven by improved group and business transient results along with resilient leisure demand.

Key Points:

Americas management and franchising segment: Results in the fourth quarter were driven by improved group and business transient results along with resilient leisure demand.
Total fees in the quarter increased 6% compared to the fourth quarter of 2022, with RevPAR in the United States up 3% in the fourth quarter compared to the same period in 2022, driven by strong group rate.
ASPAC management and franchising segment: Results in the fourth quarter were driven by strength in all customer segments which contributed to RevPAR growth across the sub regions, with Greater China improving 84% compared to the fourth quarter of 2022.
Apple Leisure Group segment: Results in the fourth quarter benefited from improved results in Cancun.

Hyatt Announces Retirement of Executive Vice President – Global President of Operations, Chuck Floyd

Retrieved on:

Tuesday, December 5, 2023

Retail, Restaurant, Bar, Other Travel, Vacation, Lodging, Destinations, Travel, NYSE, ASPAC, GOC, Senior advisor, Hotel, Operation

“It is with immense pride and heartfelt appreciation that we celebrate the extraordinary career of Chuck Floyd, who has been a member of the Hyatt family for more than four decades,” said Hoplamazian.

Key Points:

“It is with immense pride and heartfelt appreciation that we celebrate the extraordinary career of Chuck Floyd, who has been a member of the Hyatt family for more than four decades,” said Hoplamazian.
In 1989, Chuck was appointed to General Manager at Hyatt Lisle in Illinois, followed by General Manager roles in Minneapolis and San Francisco.
In 2015, Chuck stepped into his role as Global President of Operations which he held through today, overseeing Hyatt’s Global Operations Center (GOC) and Operations across the Americas, EAME and ASPAC regions.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

Hyatt Reports Third Quarter 2023 Results

Retrieved on:

Thursday, November 2, 2023

Vacation, Other Travel, Lodging, Destinations, Travel, Sale, ASPAC, RevPAR, Apple Leisure Group, G20, Share repurchase, Asian Games, Cyberattack during the Paris G20 Summit, Andaz, Investment, Letter, Video game, Commercial property

Total fees were up 6.6% compared to the third quarter of 2022, offset by an increase in certain expenses.

Key Points:

Total fees were up 6.6% compared to the third quarter of 2022, offset by an increase in certain expenses.
EAME management and franchising segment: Results were impacted by a significant termination fee from a pipeline hotel recognized in the third quarter of 2022.
The Company's board of directors has declared a cash dividend of $0.15 per share for the fourth quarter of 2023.
The dividend is payable on December 6, 2023 to Class A and Class B stockholders of record as of November 22, 2023.

Hyatt Reports Second Quarter 2023 Results

Retrieved on:

Thursday, August 3, 2023

When adjusted for the net impact of transactions, owned and leased Adjusted EBITDA decreased $2 million, or 2%, compared to the second quarter of 2022 and increased $11 million, or 15%, compared to the second quarter of 2019.

Key Points:

When adjusted for the net impact of transactions, owned and leased Adjusted EBITDA decreased $2 million, or 2%, compared to the second quarter of 2022 and increased $11 million, or 15%, compared to the second quarter of 2019.
Notable openings in the quarter included Andaz Nanjing Hexi, Grand Hyatt La Manga Club Golf & Spa, Hyatt Regency Mexico City Insurgentes, Impression Isla Mujeres by Secrets, and The Pell, part of JdV by Hyatt.
The Company's board of directors has declared a cash dividend of $0.15 per share for the third quarter of 2023.
The dividend is payable on September 8, 2023 to Class A and Class B stockholders of record as of August 25, 2023.

Chinese Biotech Companies Making Inroads in the Middle East: A Strategic Move

Retrieved on:

Monday, June 12, 2023

KPMG, Partnership, ASEAN, Organization, Dubai Science Park, Royal commission, ASPAC, Tourism, Belt, R, Royal Commission for Jubail and Yanbu, Belt and Road Initiative, Pharmaceutical industry

HONG KONG, June 12, 2023 /PRNewswire/ -- KPMG China recently led a delegation of Chinese biotech companies to explore opportunities in the rapidly emerging Middle East market.

Key Points:

HONG KONG, June 12, 2023 /PRNewswire/ -- KPMG China recently led a delegation of Chinese biotech companies to explore opportunities in the rapidly emerging Middle East market.
During the five-day event, representatives from 14 Chinese biotech innovators, including founders, chairmen, CEOs, and scientists, visited prominent institutions in the UAE and Saudi Arabia.
The conference also facilitated discussions on the lucrative opportunities available to Chinese biotech innovators in the Middle East and beyond.
Going forward, KPMG China will continue exploring opportunities for local biotech companies to venture into other burgeoning regions, including the ASEAN region and South America.

Australian Northern Health Partners with Agfa HealthCare Enterprise Imaging and RUBEE for AI to Transform Healthcare Delivery

Retrieved on:

Tuesday, May 9, 2023

Prominent Australian healthcare provider Northern Health joins the growing number of Agfa HealthCare customers in ASPAC, who are already leveraging the benefits of unified Enterprise Imaging platform.

Key Points:

Prominent Australian healthcare provider Northern Health joins the growing number of Agfa HealthCare customers in ASPAC, who are already leveraging the benefits of unified Enterprise Imaging platform.
Agfa's latest generation of the Enterprise Imaging 8.2 Platform for Radiology, including RUBEE(R) for AI framework, will enhance the provider's healthcare delivery capabilities.
Northern Health is a prominent public healthcare provider in Melbourne's Northern Region, which is one of the fastest-growing communities in Australia.
Northern Health joins the growing number of Australian healthcare providers, including Austin Health, Eastern Health, Adventist Healthcare and Sunshine Coast Hospital, who are already leveraging the benefits of the Agfa HealthCare Enterprise Imaging solution.

Hyatt Reports First Quarter 2023 Results

Retrieved on:

Thursday, May 4, 2023

Other Travel, Restaurant, Bar, Lodging, Destinations, Travel, Vacation, Luxury, Retail, Acquisition, Apple Leisure Group, Investment, Share repurchase, ASPAC, Sale, Commercial property, Tourism, Hotel, Security (finance)

Owned and leased hotels segment: Results were led by continued recovery from group and business travel.

Key Points:

Owned and leased hotels segment: Results were led by continued recovery from group and business travel.
New hotels added to the system since the start of 2019 contributed $18 million in fee revenue in the quarter.
EAME management and franchising segment: Results were led by Western Europe which benefited from strong international inbound demand and favorable results in the Middle East.
Notable openings in the quarter included Andaz Mexico City Condesa, Andaz Pattaya Jomtien Beach, Hyatt Regency London Albert Embankment, and FirstName Bordeaux, a JdV by Hyatt hotel.

Hong Kong Tourism Board Stages Tourism Overview as Destination Returns to Normal

Retrieved on:

Thursday, March 30, 2023

The Hong Kong Tourism Board (HKTB) held the Hong Kong Tourism Overview 2023 at the Hong Kong Convention and Exhibition Centre this morning (March 30), returning physically for the first time since the city reopened.

Key Points:

The Hong Kong Tourism Board (HKTB) held the Hong Kong Tourism Overview 2023 at the Hong Kong Convention and Exhibition Centre this morning (March 30), returning physically for the first time since the city reopened.
View the full release here: https://www.businesswire.com/news/home/20230330005719/en/
The Hong Kong Tourism Board holds the Tourism Overview 2023 with the theme “Striding Forward in a Steady Recovery” discussing latest tourism trends and sharing the HKTB’s plan for the future.
(Photo: Business Wire)
With the theme “Striding Forward in a Steady Recovery”, Dr. Pang Yiu-kai, Chairman of the Hong Kong Tourism Board, said, “Hong Kong has returned to normal and is welcoming back global visitors.
The Tourism Overview today is the exact platform that gathers members of the travel trade together to explore the way to revive the city’s tourism industry.

Hyatt Reports Fourth Quarter and Full Year 2022 Results

Retrieved on:

Thursday, February 16, 2023

Owned and leased hotels segment: Comparable operating margins improved to 27.9% in the fourth quarter, reflecting strong operational execution and growth in average daily rates.

Key Points:

Owned and leased hotels segment: Comparable operating margins improved to 27.9% in the fourth quarter, reflecting strong operational execution and growth in average daily rates.
Americas management and franchising segment: Results in the fourth quarter were led by ongoing strength in leisure transient revenue.
ASPAC management and franchising segment: Results in the fourth quarter were below 2019 levels driven by Greater China.
EAME/SW Asia management and franchising segment: Results in the fourth quarter were led by strong fee generation in the Middle East driven by the World Cup in Qatar.

HKATG Rename Its Subsidiary As Aspace Satellite Technology Limited

Retrieved on:

Tuesday, December 20, 2022

HONG KONG, Dec. 20, 2022 /PRNewswire/ -- As Mainland China and Hong Kong have successively lifted several anti-epidemic measures, the economy is back on the normal track. Many companies are actively expanding new businesses to optimize their balance sheet. Among them, Hong Kong Aerospace Technology Group (HKATG; 1725. HK) announced after the market closed on 14 December, announcing the renaming of the indirect wholly-owned subsidiary, and plans to cooperate with various independent third parties in areas such as development and manufacturing of commercial satellites, satellite communication, satellite monitoring, control and data receiving, and intelligence applications of satellite data. The expanding the business scope, the Group expects to capture a share of the satellite communications market worth over US$ 20 billion.

Key Points:

The expanding the business scope, the Group expects to capture a share of the satellite communications market worth over US$ 20 billion.
According to the announcement, the Group's indirect wholly-owned subsidiary, namely "Hong Kong Satellite Manufacturing Limited" will be renamed as "Aspace Satellite Technology Limited) ("Aspace"), and plans to engage in satellite manufacturing (such as development, design and testing of satellite payloads, communication satellites, navigation augmentation satellites and remote sensing satellites), satellite communications (including integrated satellite Internet communications) application services) and satellite launch (provide commercial launch sites and launch test services for commercial satellites) together with Aspace.
What's more, Xingji Shidai Technology Co. Ltd held by Chinese automaker Geely Holding also plans to launch mobile phone products that can be connected to low-orbit satellite communication technology next year.
It focuses on the development, manufacture, and operation of the space vehicle ION satellite carrier, and offers state-of-the-art logistics technology and transportation solutions; the partnership will help HKATG optimize operating costs and improve satellite manufacturing technology.