CANCUN, Mexico — The Apple Leisure Group acquisition in 2021 has been a transformative one for Hyatt, catapulting the company into the all-inclusive space. Two years later, Hyatt continues to expand its all-inclusive footprint and is eyeing new markets.

Speaking at Apple Leisure Group’s annual ALG Ascend conference, Hyatt CEO Mark Hoplamazian said the company overall is “working really hard” to add hotels in the Middle East, and that he sees all-inclusive properties playing a role in that expansion.

“The same is true for Asia,” Hoplamazian said. “Geographically, I am really excited about the growth possibilities as we move forward.”

In a Travel Weekly interview in July, Javier Coll, president of global business development and innovation for Hyatt’s Inclusive Collection, said about 40% of all-inclusives are now in Europe — Spain, Greece and Bulgaria — with a Portugal debut scheduled for next year.

Europe is red-hot for ALG Vacations

Meanwhile, business in Europe is up triple-digits for ALG Vacations since the acquisition. 

“We’re probably up about 300% in our business in Europe,” ALG Vacations group president Ray Snisky said. “I’m really thrilled we dug into Europe over the last couple of years, and I think the luxury traveler is going to be the big thing for us.”

Snisky said the company will continue to deepen its investments in Europe in 2024 as it eyes to add new excursions, destinations and rail options down the line.

Source: Read Full Article