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Over the next three years, Hyatt Hotels & Resorts plans to open four new hotels in Russia and the Commonwealth of Independent States (CIS), including one Park Hyatt hotel, one Grand Hyatt, and two Hyatt Regency properties to accommodate a growing number of affluent business travelers.
Hyatt is already one of the market leaders in the most of Russia and the CIS, where the group has been very active since its first property opened in Baku, Azerbaijan in 1995.
“Russia is an emerging market economy, which is set to offer substantial growth and great future potential. With the new properties setting up in this country, Hyatt will be able to accommodate the increasing number of Middle East business travelers looking to exploit this above-average growth,” said Thierry Bertin,
With five hotels already in place, including Park Hyatt Moscow and Hyatt Regency Kiev, the future openings in Yekaterinburg, Tbilissi, Moscow, and Dushanbe are part of Hyatt’s regional development strategy for Russia and the CIS region.
These properties represent a further step in Hyatt’s development in Russia, and will strengthen the group’s network and brand portfolio in this region.
In addition to the recently opened Hyatt Regency Kiev, new Hyatt Regency hotels are also part of Hyatt International’s expansion plans including Hyatt Regency Dushanbe and Hyatt Regency Yekaterinburg to open between 2008 and 2009.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
