Hyatt Hotels Expands into China’s Extended-Stay Market Amid Positive Q2 Performance

Hyatt Hotels Corporation (NYSE:H) has entered into a strategic partnership with Homeinns Hotel Group to introduce Hyatt Studios hotels in China. This agreement marks a significant move towards expansion in China’s upper-midscale extended-stay sector. In the upcoming years, Homeinns is committed to launching up to 50 properties, thereby establishing a strong nationwide presence for the Hyatt Studios brand. Seeking to create a setting that emulates the comfort of home, Hyatt Studios aims to prioritize the essentials that hold value for guests while simultaneously presenting meaningful growth prospects for property owners. Owen Xing, Executive Managing Director for Growth & Operations in…