Search Travel Market Report

mainlogo
www.travelmarketreport.com
  • News
  • Tours & Packages
  • Cruise
  • Hotels & Resorts
  • Destinations
  • Retail Strategies
  • Niche & Luxury
  • Air
  • Training & Events
  • Who We Are
    • Brian Israel
    • Dan McCarthy
    • Denise Caiazzo
    • Dori Saltzman
    • Kelly Fontenelle

‘The Beginning of ALG’s Next Chapter’: Hyatt Completes $2.7 Billion Acquisition

by Daniel McCarthy / November 02, 2021
‘The Beginning of ALG’s Next Chapter’: Hyatt Completes $2.7 Billion Acquisition

Dreams Las Mareas Resort. Photo: Hyatt. 


Hyatt Hotels Corporation on Tuesday announced that its $2.7 billion deal to acquire Apple Leisure Group (ALG) is officially complete.

The deal, which was first announced its plans in 2019, doubles Hyatt’s resort footprint, adding another 100 hotels and resorts operating in 10 countries along with a pipeline of 24 executed deals in Europe and the Americas. With the deal, Hyatt will enter 11 new European markets, including Spain, Canary Islands, Balearic Islands, and Greece.

“Today marks the beginning of ALG’s next chapter, in which we will continue to build on the strong loyalty and reputation we have established through our luxury travel brands and services, now as part of Hyatt,” ALG CEO and president Alejandro Reynal said. “We strongly believe we can achieve more together and are excited by the opportunities ahead for our expanded family, including our ALG team members, who are excited to join a larger global organization.”

While there are still more details to come, Hyatt on Tuesday said that Reynal and the current ALG leadership team will remain in place, operating as a distinct business unit within Hyatt, with Reynal joining Hyatt’s executive board.

“Hyatt and ALG have highly complementary brand portfolios and share a deep commitment to colleagues and guest experiences focused on care,” Hyatt president and CEO Mark Hoplamazian said. “We are excited to welcome the ALG team to the Hyatt family, and look forward to working together to achieve new levels of growth and value creation for all stakeholders.”

Hyatt also said that it does plan to integrate AMR Collection into World of Hyatt sometime next year, allowing members to earn and redeem Hyatt points at AMR Collection properties. The company also said it is still determining how to integrate ALG’s Unlimited Vacation Club program into World of Hyatt.

Speaking at ALGV’s Ascend Conference last month, ALGV Group President Ray Snisky said that the deal was a testament to just how big of a segment the all-inclusive space has become.

“Right now, there is an arms race going on in the big box hotels and many of them have slept at the wheel for a long time and looked down at the all-inclusive space,” he said. “That product has just gotten better and better.”

Snisky said he has had five meetings with the CEO of Hyatt, Mark Hoplamazian, who had previously said that the deal represents a large investment in a leisure travel space that Hyatt continues to be bullish on. Snisky said that those meetings has left him “inspired” because “he respects so much of what we’ve accomplished.”

  17
  0
Related Articles
Hyatt Launches New All-Inclusive Brand Called Impression by Secrets
Park Hyatt Tokyo to Close for Renovations Next Year
Hyatt Acquires Travel Club Mr & Mrs Smith
Hyatt Announces New Brand Hyatt Studios, Its First Upper-Midscale Brand in the Americas
Hyatt’s Andaz Brand Debuts in Thailand
The AMR Collection Is Now Part of Hyatt’s Inclusive Collection of Properties
All ALG Vacations Brands Are Now Paying Commission on Hotels in Europe
Hyatt Opens First Unbound Collection Hotel in NYC
ALG Vacations’ Expansion Plans Take Off
ALG Vacations Launches New Specialist Program Called ALGVPro

MOST VIEWED

  1. U.S. State Department Updates Jamaica Travel Warning to Level 3
  2. First Hand Look at the Soon-to-Open Sam Lord's Castle Barbados, A Wyndham Grand Resort
  3. TSA Will Now Allow Teens to Access PreCheck with Parents or Guardians
  4. Tips for Delivering Bad News to Your Clients
  5. 25 Qualifying Questions to Help You Nail Your Clients' Vacation Plans
  6. Report: Margaritaville Times Square Faces Foreclosure

MOST EMAILED

  1. 5 Reasons You Need to Use a Travel Advisor Now More Than Ever
  2. First Hand Look at the Soon-to-Open Sam Lord's Castle Barbados, A Wyndham Grand Resort
  3. U.S. State Department Updates Jamaica Travel Warning to Level 3
  4. U.S. to End COVID-19 Vaccination Requirement for International Travelers
  5. 25 Qualifying Questions to Help You Nail Your Clients' Vacation Plans
  6. TSA Will Now Allow Teens to Access PreCheck with Parents or Guardians
TMR Subscription

Subscribe today to receive daily in-depth coverage, analysis of industry news, trends and issues that affect how you do business. Subscribe now for free.

Subscribe to TMR

Top Stories
Former ALG Vacations Executive Scott Wiseman Joins Nocturne Luxury Villas
Former ALG Vacations Executive Scott Wiseman Joins Nocturne Luxury Villas

Wiseman in particular called out advisors in Wednesday's announcement. 

Read...
Wake-Up Call: Wellness Travel Is Having a Moment and Sleep Tourism Is the Newest Standard
Wake-Up Call: Wellness Travel Is Having a Moment and Sleep Tourism Is the Newest Standard

The rise of sleep-focused programs in hotels comes as no surprise as travel rebound. 

Read...
WorldHotels Expands in Europe
WorldHotels Expands in Europe

The expansion includes the brand's first property in Greece. 

Read...
The Newest Sandals Resort Officially Opens in Ocho Rios
The Newest Sandals Resort Officially Opens in Ocho Rios

Sandals Dunn’s River launches as the 17th Sandals property.

Read...
Hyatt Launches New All-Inclusive Brand Called Impression by Secrets
Hyatt Launches New All-Inclusive Brand Called Impression by Secrets

The new brand is launching with the opening of Impression by Secrets Isla Mujeres.

Read...
Banyan Tree Group Launches Stay for Good Program
Banyan Tree Group Launches Stay for Good Program

The program offers immersive, cultural experiences at Banyan Tree properties worldwide. 

Read...
TMR OUTLOOKS & WHITE PAPERS
Cruise Trend Outlook 2023
river cruise 2022
group outlook 2022
View All
Advertiser's Voice
https://img.youtube.com/vi/TIZwKLcPwbg/0.jpg
We Appreciate our Travel Advisors
About Travel Market Report Mission Staff Advisory Board Advertise
TMR Resources Webinars Calendar of Events Outlook/Whitepapers Previous Sponsored Articles Previous This Week Articles
Subscribe to TMR
Select Language
Do You Have an Idea Email
editor@travelmarketreport.com
Give Us a Call
1-(516) 730-3097
Drop Us a Note
Travel Market Report
71 Audrey Ave, Oyster Bay, NY 11771
News |Tours & Packages |Cruise |Hotels & Resorts |Destinations |Retail Strategies |Niche & Luxury |Air |Training & Events |Who We Are
© 2005 - 2023 Travel Market Report, an American Marketing Group Inc. Company All Rights Reserved | 243 South Street, Oyster Bay, NY, 11771 USA | Telephone (516) 730-3097| Terms and Conditions
Cookie Policy Privacy Policy