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Hyatt’s CEO is eyeing all those rich Asians in the fastest-growing region
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Hyatt president and CEO Mark Hoplamazian says he is looking for ways to have excellent Hyatt brands located in Singapore.
ST PHOTO: GIN TAY
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On Feb 13, after Hyatt Hotels Corp announced full-year results for 2024, its shares fell by more than a tenth because its fourth-quarter performance had missed analysts’ projections.
While president and chief executive Mark Hoplamazian explained that some of the slip had been on account of slow business as a result of the US election in November, and the Jewish holidays of Yom Kippur and Rosh Hashanah keeping people at home in October (in 2023, those holidays were celebrated in September), investors turned watchful.
