Originally Posted by
MikeFromTokyo
I don`t think that Park Hyatt properties would make a lot of sense in these cities. Hyatt already has those cities well covered by larger upscale Grand Hyatt properties, some of which might be considered near-luxury properties at club room and suite levels.
Particularly in Bangkok and Hong Kong, entering the market at the luxury level would mean trying to compete with some of the finest Peninsula, Mandarin Oriental, and Four Seasons hotels in the world; out of which several are even flagship properties.
In Asia, Park Hyatt has been very successful by targeting cities without that kind of competition at the luxury level. In cities where PH cannot compete, Hyatt has been wise to focus on the "four star plus" upscale GH properties.
Sorry,
but Hyatt International does not compete in the four star plus segment
The only Hyatt International property that used to have four stars was the Regency CDG, but that was due to local rating regulations.
Sooner or later, we will certainly see a Park Hyatt in all major Asian cities and quite frankly, why should Hyatt care about the competition ? They are almost playing at the same level, however a Park Hyatt is simply more subtle and not as much bling bling as the competition. Who needs a golden Rolls Royce when you can have a stylish Audi A8...
As pointed out numerous times already, they had more than 100 projects in the pipeline and Hyatt International has a strong focus on Russia and Asis, so we will see new properties opening at a certain point in time. The economics of the small real luxury hotel industry are difficult and especially small really upscale hotels are heavily dependant on their room rate. A 20-30% lower Revpar and the business case is a bucket case....and some properties like the Park Dubai had to reduce their services already, still 5*+, but not 5 *++ anymore...