Kevin Wilkerson

Hyatt expects to grow its Indian brand portfolio by more than 70% through 2023, with six new hotels set to open in 2021 across the Hyatt Regency and Hyatt Place brands CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) today announced plans to grow its brand footprint in India – one of Hyatt’s top three growth markets globally – by more than 70% by 2023. The Company’s subsidiaries operate, manage, franchise, own, lease, develop, license, or provide services to hotels, resorts, branded residences, and vacation ownership properties, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination by Hyatt™, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, JdV by Hyatt™, Hyatt House®, Hyatt Place®, tommie™, UrCove, and Hyatt Residence Club® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the duration of the COVID-19 pandemic and its short and longer-term effects, including the demand for travel, transient and group business, and levels of consumer confidence, and the pace of recovery following the pandemic, any additional resurgence, or COVID-19 variants; the impact of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants, and the impact of actions that governments, businesses, and individuals take in response, on global and regional economies, travel limitations or bans, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic, any additional resurgence, or COVID-19 variants; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the 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; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, such as the COVID-19 pandemic, or fear of such outbreaks; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates and operating costs; foreign exchange rate fluctuations or currency restructurings; lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U. S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC.

today announced that oXya, a Hitachi Group company and France’s leading SAP-certified provider of cloud services, has selected HPE Superdome Flex servers to power its new cloud architecture. According to Gartner, the SAP HANA market is set to continue to see rapid growth during the next five to 10 years, with HPE leading the way as the leading SAP HANA infrastructure provider1, with the majority being installed with HPE Superdome Flex servers. An independent provider with over 350 enterprise customers and hundreds of thousands of SAP users globally, oXya helps enterprises increase the efficiency and flexibility of their mission-critical IT systems, running customers’ SAP systems and additional systems on a variety of private and public clouds. ” Major customers, such as France’s leading passenger transport and freight logistics company SNCF, rely on oXya’s SAP HANA solutions powered by the HPE Superdome Flex platform.

WIESBADEN, Germany–(BUSINESS WIRE)–Smiths Detection, a leading threat detection and security screening technology company, today announced it has been selected by Hellenic Police to supply two HCVMe High-Energy Mobile X-ray systems for the screening of cargo. The HCVM e35 is a powerful, ultra-compact and fully integrated light mobile platform ideal for inspecting whole trucks, containers and vehicles for threats such as explosives, narcotics, contraband, as well as manifest verification; reducing the need for manual inspection. The HCVMe is a versatile system that allows for quick screening of cargo and trucks to uncover threats and contraband,” said Jasper van Gend, Head of Market, Europe North & East. ” Contract award, delivery, training and commissioning of equipment was completed by Smiths Detection Greek partner, Proton S. A. Smiths Detection is a global leader in threat detection and screening technologies for aviation, ports and borders, urban security and defence.

Adjusted net loss of ($4.1) million and adjusted net loss per share of ($0.23), also referred to as adjusted net loss per share, compared to ($0.27) in 2019. Net loss in the fourth quarter of 2020 totaled $5.4 million, or ($0.31) per share, compared to a net loss of $4.9 million, or $(0.35) per share, in the prior year’s quarter. Net loss in the full year of 2020 totaled $15.2 million, or ($0.87) per share, compared to a net loss of $12.5 million, or $(0.90) per share, in the prior year. HYRE has not reconciled adjusted EPS guidance to GAAP net income or GAAP net income per diluted share, respectively, because HYRE does not provide guidance for the reconciling items between these measures and GAAP net income or GAAP net income per diluted share, respectively.