HYATT HOTELS CORP. reported an almost 85 percent growth in its global pipeline since 2017, reaching a record of 129,000 rooms. During this period, the company
doubled its luxury rooms, tripled its resort rooms, and quintupled its lifestyle rooms. Pictured is a rendering of the New Andaz Miami Beach in Miami Beach, Florida.

The company is expanding its brand portfolio both nationally and globally, selecting new and existing markets to enhance its network effect for owners and guests,
Hyatt said in a statement.

“Hyatt leading the industry in net rooms growth for seven years is a result of our unique approach to development,” said Mark Hoplamazian, Hyatt’s president and
chief executive officer. “We strategically expand our portfolio of brands, intentionally selecting new and existing markets to enhance our network effect for
owners and guests. Our commitment to thoughtful organic growth and strategic acquisitions amplifies our asset-light business model. Our goal is not to be the
largest hospitality company, but the company most valued by colleagues, guests, and owners.”