Hyatt Hotels Corporation has recently opened the TOOR Hotel in Toronto’s Garden District, expanding the company’s presence in the city and supporting its focus on growing the lifestyle portfolio. The new property, owned and managed by Manga Hotel Group, offers a unique experience designed to reflect the culture and energy of Toronto. Positioned downtown, the hotel aims to cater to the needs of both business and leisure travelers as the city continues to grow as a global destination.
The TOOR Hotel operates under the JdV by Hyatt brand and is the third of its kind in Canada, providing an additional option for World of Hyatt members visiting the region. Hyatt’s strategic acquisitions and expanding global footprint have contributed to strong growth prospects, with the company adding 81 hotels during the fourth quarter of 2024. Looking ahead, Hyatt anticipates net room growth in 2025 to increase in the range of 6% to 7% year over year.
Although Hyatt’s shares have declined in the year-to-date period, the company’s focus on revenue per available room, leisure travel demand, unit expansion efforts, and loyalty programs are expected to support growth. Hyatt currently carries a Zacks Rank #3 (Hold), while better-ranked stocks from the Zacks Consumer Discretionary sector include RCI Hospitality Holdings, Adtalem Global Education, and Royal Caribbean Cruises. These companies have shown positive sales and earnings growth potential, with strong earnings surprises in recent quarters. Royal Caribbean, in particular, has seen a significant increase in stock price over the past year.
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