Hyatt Sees All-Inclusives Surge, May Sell a Stake in ALG Vacations

Hyatt is leaning on its all-inclusive resorts to boost its year-end performance, with holiday bookings running ahead of last year.

“Our all-inclusive business in the Americas is up 9% for the festive, so really, really strong,” said CEO Mark Hoplamazian on Thursday at the Bank of America Gaming & Lodging Conference.

Hoplamazian also said the company might sell a stake in ALG Vacations, a distribution arm that creates packages often including all-inclusives. Hyatt said ALG Vacations is the largest U.S. tour operator.

Hyatt's momentum in beach destinations reinforces Hyatt’s biggest post-pandemic bet on expanding its collection of all-inclusive brands. It also highlights how high-end leisure is sustaining growth while more price-sensitive segments of travel demand show relative weakness.

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