MUMBAI, September 19, 2013 /PRNewswire/ --
Hyatt Hotels Corporation (NYSE: H) today announced that it will conduct its quarterly board of directors meeting in India this week. The board of directors and Hyatt's senior leadership team are planning to visit Mumbai and Delhi and their presence will kick off Hyatt's celebrations marking the company's 30-year history in India. Hyatt entered India in 1983 with Hyatt Regency Delhi, and over the last 30 years has introduced its Park Hyatt, Grand Hyatt, Hyatt, and Hyatt Place brands.
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"Every time I visit India, I am struck by how deeply hospitable the people are, so it is always a particular delight for me, as a hotelier, to be here. Since the first Hyatt hotel opened in India 30 years ago, the country has changed significantly. We have seen smaller cities emerge as business centers and a growing middle class gain significant spending power, which is why we are strategically bringing Hyatt's brands to established cities and emerging metropolitan areas," said Mark Hoplamazian, Hyatt's president and chief executive officer.
"As we convene to look to the company's future in India and around the world, we are proud to have our Board of Directors and executive team here to mark this milestone and deepen our understanding of the challenges India faces and the opportunities it represents." According to an Owner Survey (The Indian Owner Speaks) conducted by global hospitality research company HVS in 2013, Hyatt stood out as "The Most Preferred International Brand Overall".
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About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place®and Hyatt House®brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of June 30, 2013, the Company's worldwide portfolio consisted of 524 properties in 46 countries.
For more information, please visit www.hyatt.com.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, the rate and pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; if our third-party owners, franchisees or development partners are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Primary Media Contact: Yasmin Poonegar, [email protected], 971-50-1891262
Secondary Media Contact: Faiza Kapoor, [email protected], 91-9833313416
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