Category: 3. Business

  • FanDuel Casino’s new creative platform “Calling All Thrillionaires” highlights the thrilling experience of playing on FanDuel Casino.

    FanDuel Casino’s new creative platform “Calling All Thrillionaires” highlights the thrilling experience of playing on FanDuel Casino.

    FanDuel, Flutter’s largest brand and US market leader in online sports betting and iGaming, announced the launch of “Calling All Thrillionaires,” a new creative platform for FanDuel Casino.

    “Calling All Thrillionaires!” aims to elevate and set FanDuel Casino apart from the sea of online casino ads that focus on offers by showcasing the unique experience FanDuel Casino can provide. The campaign comes to life across TV, OLV, paid social and digital, retail, direct mail, radio, and OOH. The first iteration of “Calling All Thrillionaires” highlights the entertainment experience that FanDuel Casino Jackpots provide customers. The new spots will air in key FanDuel Casino markets including New Jersey, Pennsylvania, and Michigan.

    “At FanDuel Casino, we believe the real magic lies in the thrill of possibility,” said Daniele Phillips, Vice President of Marketing at FanDuel Casino. “Our newest campaign, “Calling All Thrillionaires,” celebrates the enjoyment of anticipation within our new FanDuel Jackpots experience. The campaign builds upon our key brand values to always provide our players with fun, responsible, and exciting experiences on FanDuel Casino.”

    “Orchard Creative and FanDuel Casino will work together to drive FanDuel Casino’s next phase of ambitious growth,” said Barney Robinson, Chief Executive Officer at Orchard Creative. “Calling All Thrillionaires” is a clarion call to all online casino players. FanDuel Casino understands what really energizes and motivates customers is anticipation. Our new campaign showcases just that.”

    The “Calling All Thrillionaires” campaign will feature two hero spots including Mechanical Bulls and Haunted Home. Mechanical Bulls went live on June 23, clip to this ad is HERE. The second hero spot, “Haunted Home” will launch in September, clip to this ad is HERE.

    For more information on FanDuel Casino, visit https://casino.fanduel.com

    For more information, please contact corporatemedia@flutter.com.

    Sign up to email alerts here.

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  • EIC board calls for quadrupled budget

    The European Innovation Council (EIC) needs a budget at least four times larger under FP10, the EIC board said in a statement on Tuesday. The money would go towards bringing success rates to an “acceptable” level of around 15% in the upcoming research Framework Programme, up from a current level of between 3% and 5%.

    The board’s position paper comes only days after EU research commissioner Ekaterina Zaharieva told MEPs that the European Commission should at least double – if not triple – the EIC’s budget in a bid to help it finance more projects.

    As the Commission is planning to announce a proposal for the next EU multiannual budget on July 16, EU research and innovation funders are fighting for bigger money pots and more autonomy. 

    The European Research Council (ERC) has also entered the budget race. Last month, in a letter to Commission president Ursula von der Leyen and research commissioner Ekaterina Zaharieva, the ERC scientific council said that the EU’s fundamental research fund should become independent from the Commission, with a stable long-term budget.

    The EIC, which was launched to help start-ups and SMEs scale up breakthrough technologies and innovations, has a budget of €10 billion out of the nearly €14 billion allocated to the third pillar of Horizon Europe over the 2021-2027 period. This represents less than 15% of the total funding for the Framework Programme for research and innovation.

    According to Zaharieva, her team is working on a proposal to provide the EIC with the appropriate budget.

    In its series of recommendations, the EIC board also said that the EIC’s venture investment arm, the EIC Fund, should expand to provide early-stage investment but also follow-on and growth financing for deep-tech start-ups and SMEs.

    Under the EIC Strategic Technologies for Europe Platform 2025 call, the EIC Fund plans to provide up to €30 million to support rounds above €100 million for the scale-ups. But in the next budget period, which will run from 2028 to 2034, the EIC Fund would require a minimum of €7 billion to provide larger investments to scale up strategic technologies and help close the innovation gap with the United States and China.

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    Meanwhile, the proposed Scaleup Europe Fund, which the Commission intends to deploy together with private investors to allow direct equity investments in strategic sectors like artificial intelligence and quantum technologies, is expected to provide “additional firepower to catalyse even larger rounds,” the board said, calling for a budget of €3 to €5 billion to draw in institutional investors, including pension funds and insurance companies.

    The EIC also pointed out that US agencies such as DARPA and other ARPA programmes had a combined annual budget of about $6 billion, which is around four times higher than the EU funding agency. “Matching the US levels of investment in disruptive early-stage innovation only would require at least €5 billion a year,” the board said.

    Other recommendations include adopting a challenge model inspired by the US Advanced Research Projects Agencies, making processes more agile and innovator friendly, building synergies with European, national and regional initiatives and embracing experimentation.

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  • Nuclear Energy Agency (NEA) – New version released: The NEA Shielding Integral Benchmark Archive and Database (SINBAD)

    The NEA has released version 2 of the Shielding Integral Benchmark Archive and Database (SINBAD), following the migration to a collaborative development environment and a standardised dataset format. SINBAD, developed since the early 1990s by the NEA and the US Radiation Safety Information Computational Center (RSICC), aims to preserve radiation shielding benchmark experiments for the international community. The SINBAD Task Force, under the NEA Expert Group on Physics of Reactor Systems (EGPRS), now steers its development in collaboration with RSICC.

    The new SINBAD version includes 105 benchmarks for shielding assessments of fission and fusion systems, accelerator shielding and nuclear data evaluations. It represents an internationally recognised resource for validation and verification of radiation transport applications.

    The new SINBAD release is maintained and distributed through the NEA GitLab system provided by the NEA Data Bank, enabling users to give direct feedback and suggest improvements. The SINBAD Task Force manages and evaluates user contributions, following a transparent, version-controlled development process. This development strategy follows successful examples from Open Software development projects, such as the LINUX kernel.

    Organisations from NEA Data Bank member countries can request SINBAD version 2 from the NEA Data Bank, while professionals from non-member countries can request it from RSICC.

    Request SINBAD Version 2 at the NEA Data Bank: SINBAD Version 2, Volumes 1 and 2 (Package NEA-1939).

    Request SINBAD Version 2 at the RSICC: https://rsicc.ornl.gov.

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  • Global Hydrogen Mobility Alliance: Air Liquide joins a strategic partnership in Europe

    Global Hydrogen Mobility Alliance: Air Liquide joins a strategic partnership in Europe

    Air Liquide has joined the newly launched Global Hydrogen Mobility Alliance, a coalition of industry leaders gathering equipment manufacturers, Automotive & Technology suppliers, Energy & Chemicals players. The Alliance is calling for the acceleration of the development of hydrogen mobility to secure Europe’s industrial strength and sustainability. To better understand this initiative, Erwin Penfornis, Vice President of Air Liquide’s Hydrogen Energy business line, answers our questions.

    What does hydrogen mobility offer that electric batteries do not?

    It adds crucial layers of resilience, competitiveness, and system-wide efficiency. Firstly, it requires much less infrastructure investments. Secondly, the full electrification of Europe’s fleet, especially heavy-duty vehicles, would overwhelm grids, so hydrogen storage can help maintain their stability. On top of that, hydrogen can help solve the growing problem of fluctuating renewable power, providing a way to store and use the energy that would otherwise be wasted. Thirdly, hydrogen vehicles provide a range comparable to that of diesel, with fast refueling times (15 minutes for 600+ km range versus 45 minutes for 400 km for battery electric), and lighter weight for increased payload. Thanks to these advantages, hydrogen is crucial for heavy and long-distance transport, which is difficult to decarbonize.

    Why is this technology not broadly adopted yet?

    The technology is ready: it is mature, safe, and reliable. However, for commercial transport operators, whose margins are tight, the Total Cost of Ownership (TCO)1 is the deciding factor. The current price of hydrogen at the pump needs to be optimized, vehicles are still expensive due to a lack of mass production, and the refueling network needs to get denser. Therefore, it is now urgent to bridge this cost gap.

    How does Europe’s progress compare on the global stage?

    Other regions are moving very quickly and decisively. China, for example, is already the world leader in deployment, with more than 28,000 hydrogen trucks and buses on the roads and hundreds of refueling stations in operation as of this year. They have a stated goal of reaching 1 million vehicles by 2030. This isn’t just about catching up; it’s about Europe leveraging its own strengths to lead in a technology that is vital for our industrial future.

    To create that momentum, the Alliance is calling for a “market activation phase.” What does this involve?

    We are calling for a pragmatic and targeted strategy. At the heart of this approach, we advocate for effective public support for the deployment of refueling infrastructure, drawing inspiration from successful programs like the SWiM initiative in the Netherlands. The principle is to simultaneously develop fleets of trucks and the stations that supply them along key corridors. This method reduces investment risks and offers a concrete pathway to meet European objectives. It must be complemented by other incentives, such as road toll exemptions for zero-emission vehicles.

    This pragmatism also applies to technology: we must be technology-neutral and support both fuel cell vehicles and hydrogen combustion engines to accelerate deployment. Finally, on the supply side, while the goal is 100% decarbonized hydrogen, environmental requirements must be introduced progressively to give the entire ecosystem time to adapt.

    What strategic opportunity does the development of a hydrogen economy represent for Europe today?

    The long-term vision is a competitive and self-sustaining hydrogen mobility market that makes our economy stronger while preserving the environment. At Air Liquide, we are already building toward this future, investing across the entire value chain: from large-scale low-carbon hydrogen production, such as our Normand’Hy electrolyzer, to the distribution infrastructure needed to deliver it to end customers, which is the purpose of TEAL Mobility, our joint venture with TotalEnergies.

    We have a unique opportunity to deliver on Europe’s climate commitments and guarantee its energy safety for the future. This path simultaneously strengthens our industrial competitiveness, creating a powerful synergy for progress. We are ready to join forces with public and private partners to make this vision a reality.

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  • European renewable energy companies' shares rise after revised US senate bill – Reuters

    1. European renewable energy companies’ shares rise after revised US senate bill  Reuters
    2. A megabill mystery: Republicans ax solar and wind tax that surprised senators  NBC News
    3. Final Senate megabill to ease wind and solar phaseout  Politico
    4. Wind power firms Vestas and Orsted jump on U.S. bill update  CNBC
    5. “Slightly” Less Energy Scarcity  douglewin.com

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  • Price stability in times of change – European Central Bank

    Price stability in times of change – European Central Bank

    1. Price stability in times of change  European Central Bank
    2. Powell confirms that the Fed would have cut by now were it not for tariffs  CNBC
    3. Forex Today: Central bankers will be in the spotlight  FXStreet
    4. Fed holds interest rates for fourth time despite tariff turmoil  BBC
    5. Fed would have cut US interest rates by now if it weren’t for Trump’s tariffs, says Jerome Powell – as it happened  The Guardian

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  • BBVA deepens partnership with Google Cloud to innovate with AI

    BBVA deepens partnership with Google Cloud to innovate with AI

    BBVA and Google Cloud today announced the deployment of Google Workspace with Gemini across the global operations of the bank. This initiative will empower BBVA’s over 100,000 employees worldwide with secure generative AI experiences in tools like Gmail, Google Docs, Google Sheets, and more. Today, BBVA employees report that automating repetitive tasks with AI saves them nearly three hours per week on average, freeing up valuable time for more strategic, customer-focused work.

    BBVA has collaborated with Google Cloud to digitally transform its operations since 2011. Now, BBVA employees will gain a powerful collaborative assistant embedded within Google Workspace’s productivity tools they use every day, further solidifying BBVA’s position as a frontrunner in leveraging technology for business transformation. BBVA employees will use Gemini to help summarize, draft, and find information across emails, chats, and files; create professional documents, presentations, spreadsheets, and videos; and even take notes and collaborate better on calls.

    Beyond Google Workspace with Gemini, BBVA employees will leverage the standalone Gemini app and NotebookLM, an AI-powered research and writing assistant, to help with tasks like research, generating audio overviews of complex findings, creating reports, and more.

    “The partnership with Google Cloud allows us to continue transforming how our teams work, make decisions, and collaborate—using the most competitive generative AI models on the market,” said Elena Alfaro, Global Head of AI Adoption at BBVA. “We anticipate that Gemini with Workspace has the potential to simplify tasks and spark new ideas, which will significantly boost the productivity and innovation of our teams.”

    “BBVA transformed the way we work with Google Workspace more than ten years ago,” explained Juan Ortigosa, Global Head of Workplace at BBVA. “We expect that the widespread adoption of generative AI across these tools will improve productivity and the work experience of all employees, regardless of their role, fostering a more dynamic and efficient environment.”

    “This expanded partnership with BBVA underscores the transformative power of generative AI in the enterprise. Google Cloud is committed to providing the most advanced AI tools, like Gemini, to help industry leaders like BBVA unlock new levels of innovation and efficiency. We have been a proud partner of BBVA’s digital transformation journey for years, and we believe that this deployment of Gemini with Workspace will further empower their teams and redefine the future of banking,” said Isaac Hernandez, Country Manager Iberia, Google Cloud.

    In parallel to this AI deployment, the bank has launched a mandatory training program, ‘AI Express’, focused on the broader use of artificial intelligence. It provides employees with clear principles for secure and responsible AI adoption across use cases. The program is aligned with the European Union’s AI Act and BBVA’s internal policies on data protection and confidentiality.

    Access to Google Workspace with Gemini, the Gemini app, and NotebookLM will be granted to employees who have completed internal training programs. This approach ensures that teams are prepared to use these generative AI tools effectively, ethically, and in line with BBVA’s AI governance standards.

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  • Central bank gold buying picks up in May | Post by Marissa Salim | Gold Focus blog

    Central bank gold buying picks up in May | Post by Marissa Salim | Gold Focus blog

    Important information and disclaimers

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    This information may contain forward-looking statements, such as statements which use the words “believes”, “expects”, “may”, or “suggests”, or similar terminology, which are based on current expectations and are subject to change. Forward-looking statements involve a number of risks and uncertainties. There can be no assurance that any forward-looking statements will be achieved. World Gold Council and its affiliates assume no responsibility for updating any forward-looking statements.

    Information regarding QaurumSM and the Gold Valuation Framework

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  • Current approaches and emerging trends for climate-related credit risk assessment methodologies—insights from a global survey – United Nations Environment – Finance Initiative

    Current approaches and emerging trends for climate-related credit risk assessment methodologies—insights from a global survey – United Nations Environment – Finance Initiative

    Who is this report suitable for? Risk professionals and senior management at banks and supervisory authorities.

    This report offers a detailed analysis of how banks currently assess and manage climate-related credit risks, and actionable insights for risk professionals and senior management to identify strengths and gaps in their current practices. It also offers supervisory authorities a comprehensive view of how climate risks are being incorporated into credit risk management worldwide.

    It highlights standard methodologies used across the banking sector to help establish a benchmark for credit risk modelling practices. The goal is to support financial institutions in refining their approaches to climate risk management and aligning them with emerging best practices.

    Drawing on a global survey, the publication explores the full scope of climate-related credit risk assessment, including how banks use these assessments, integrate climate considerations into credit risk models, and evaluate both physical and transition risks. It also examines how climate factors influence collateral valuation, and how risk is assessed across different sectors and exposure classes. Other key areas covered include scenario analysis, Environmental, Social and Governance (ESG) scoring, data collection and governance, and the quantitative impact of different assessment methodologies.

    Highlights include areas for further development, as well as key recommendations to help financial institutions and regulators strengthen the integration of climate risk into credit risk practices at both firm and jurisdictional levels.

    This report was developed by UNEP FI and Global Credit Data.

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  • Hyatt Newsroom – News Releases

    Hyatt Continues Expansion With The Debut Of Thompson Hotels, Significant New Entries for Andaz, The Standard and Park Hyatt Brands In Asia Pacific, Catering To Evolving Experiential Demand Among Luxury And Lifestyle Travelers

    CHICAGO (July 2, 2025) – Hyatt Hotels Corporation (NYSE: H) today announced plans to expand Hyatt’s luxury and lifestyle brand portfolios across Asia Pacific, with a robust pipeline of close to 90 properties expected to open over the next five years. This strategic growth includes the debut of the Thompson Hotels brand in the region alongside significant new entries and expansion for Andaz, The Standard and Park Hyatt brands in sought-after destinations including Thailand, Malaysia and Australia in 2025 and 2026.

    Since 2017, Hyatt has doubled the number of luxury rooms, tripled its resort rooms, and grown lifestyle rooms five-fold globally. As one of the key regions driving the luxury travel market, the demand in Asia Pacific continues to surge and Hyatt is strategically expanding to meet it. As of Q1 2025, 64% of Hyatt’s Asia Pacific hotels and resorts are in the luxury and upper-upscale segments, reflecting Hyatt’s leadership in delivering high-end and distinct experiences to capture this growth potential.

    “Today, luxury is about authenticity and unique experiences. Our recently refined brand architecture and expansion in luxury and lifestyle portfolios allow us to cater to discerning travelers with focus and differentiation,” said Carina Chorengel, Senior Vice President, Commercial, Asia Pacific, Hyatt. “We are excited about offering enriching experiences that will further strengthen Hyatt’s position as a leader in luxury and lifestyle hospitality in the region.”

    Thompson Hotels brand set to debut in Asia Pacific

    The introduction of the Thompson Hotels brand in Asia Pacific signifies a milestone moment in the expansion of Hyatt’s lifestyle portfolio, reflecting its continued investment in experiences for culture-savvy travelers. With its origins based in Manhattan, NYC, Thompson Hotels blend heritage and modernity to create a stylish home base for the socially and culturally attuned traveler.

    Expected to open in Q4 2025, Thompson Shanghai Expo is inspired by the city’s industrial legacy and cosmopolitan energy – a collision of experiences inspired by contemporary design, art and innovative gastronomy. Its signature experiences reflect the growing appetite for cultural programming, featuring time-limited crossovers with cultural partners as well as a rooftop with live entertainment and engaging events.

    Andaz and The Standard bring lifestyle concepts to new markets

    Hyatt will also mark the continued expansion of the Andaz brand, celebrated for its cultural immersion and unique lifestyle offerings. Andaz Gold Coast will debut in Australia and the Pacific in a world-class integrated resort, and Andaz One Bangkok will be set at the edge of the serene Lumphini Park as part of the prestigious One Bangkok development. In addition, Andaz Shanghai ITC, the brand’s second property in the city, will be located amidst Shanghai’s leading commercial neighborhood.

    Following its acquisition of Standard International’s brands in 2024, Hyatt is continuing to invest in the brands’ footprint across the region with an exciting pipeline of new properties. This includes The Standard, Pattaya Na Jomtien, set to open in Q3 this year, featuring a playful, 60s-inspired beach club aesthetic that is equal parts chill and charged.

    Park Hyatt elevates personal luxury

    The Park Hyatt brand will also make its Malaysian debut with Park Hyatt Kuala Lumpur in August 2025, set atop The Merdeka 118, the tallest skyscraper in Asia Pacific, offering the pinnacle of refined luxury through cultural-inspired interiors and culinary experiences. Its unique Cacao bar, the highest in town, will be the first chocolate-themed bar in the city, positioning it as a must-visit destination for leisure travelers who increasingly put culinary experiences center stage in their itineraries.

    In a reflection of how the iconic brand continues to redefine luxury, Park Hyatt Tokyo will celebrate a 30-year legacy by resuming operations following a comprehensive refinement that enhances its comfort and modern convenience while preserving its iconic understated luxurious ambience. Expected to resume operations in Q4 2025, the hotel will reimagine the timeless elegance of its 171 guestrooms and suites and see authentic dining concepts that promise to captivate luxury travelers across generations.

    Park Hyatt Phu Quoc, the first Park Hyatt resort in Vietnam, is expected to open in Q1 2026. Spanning 160 acres of land bordered by an expansive mile-long white sand beach and lush undulating hills, guests and residents can look forward to exquisite convergence of contemporary art, timeless craftsmanship, and personalized service on the pearl island.

    To learn more about upcoming openings and projects in Hyatt’s pipeline, please visit https://www.hyatt.com/development/.

    Select list of expected upcoming luxury and lifestyle openings in Asia Pacific in 2025 and 2026:

    • Park Hyatt Kuala Lumpur – August 2025

    • Mumian Shanghai Expo (part of The Unbound Collection by Hyatt) – Q3 2025

    • The Standard, Pattaya Na Jomtien – Q3 2025

    • Park Hyatt Tokyo – Q4 2025

    • Thompson Shanghai Expo – Q4 2025

    • KYLN Hotel Suzhou (part of JdV by Hyatt) – Q4 2025

    • Andaz One Bangkok – Q4 2025

    • Andaz Shanghai ITC – Q4 2025

    • Park Hyatt Phu Quoc – Q1 2026

    • Andaz Gold Coast – Q2 2026

    • THE BARAI (part of The Unbound Collection by Hyatt) – Q3 2026

    • The Standard Residences, Hua Hin – Q4 2026

    • The Standard Residences, Phuket Bang Tao – Q4 2026

    Highlights of expected upcoming Hyatt hotel openings in Asia Pacific in 2025 and 2026 include:

    Thompson Hotels

    Thompson Shanghai Expo (Q4 2025)

    Thompson Shanghai Expo will debut the Thompson Hotel brand in Asia Pacific, offering culture-savvy travelers a home base. Drawing from the city’s industrial legacy and cosmopolitan energy, the hotel will serve as a magnetic stage where cultures collide, connecting guests and sparking ideas.

    Andaz

    Andaz Shanghai ITC (Q4 2025)

    Situated in the vibrant Xujiahui district, Andaz Shanghai ITC will offer experiences rooted in the city’s cosmopolitan identity.

    Andaz One Bangkok (Q4 2025)

    Located within Thailand’s most ambitious real estate project, One Bangkok, Andaz One Bangkok is set to become a landmark destination. Here, Bangkok’s vibrant cultural heritage blends with the sleek, modern energy of its central business district. Guests will enjoy Thai-inspired culinary delights at the Andaz Tavern and Lounge with views of Lumphini Park.

    Andaz Gold Coast (Q2 2026)

    As the first Andaz hotel in Australia and the Pacific, Andaz Gold Coast will offer guests easy access to beautiful beaches, rainforests, and theme parks with a myriad of dining and entertainment options as part of a world-class integrated development.

    The Standard

    The Standard, Pattaya Na Jomtien (Q3 2025)

    A beachfront hotel meeting laidback luxury with a twist of vibrant energy, The Standard, Pattaya Na Jomtien will offer a playful, 60s-inspired vibe and a beach club that will be equal parts chill and charged. Guests can unwind in one of 161 stylish rooms and suites or lounge in lush garden spaces while savoring extraordinary food and beverage offerings. The property’s restaurant, Mmhmmm, will feature an oceanfront pool serving up tiki-inspired cocktails and playful bites, while the Esmé Beach Club will reimagine the seaside experience with a stylish, sophisticated party scene.

    Park Hyatt

    Park Hyatt Kuala Lumpur (August 2025)

    The Park Hyatt brand will debut in Malaysia with Park Hyatt Kuala Lumpur, occupying the top floors of Merdeka 118, the tallest skyscraper in Asia Pacific. A refined home-away-from-home in the sky, the hotel will feature tasteful comforts and purposeful culinary and wellness offerings with sophisticated interiors inspired by Malaysia’s cultural heritage and traditional crafts.

    Park Hyatt Tokyo (Q4 2025)

    Following a comprehensive 17-month refinement, Park Hyatt Tokyo celebrates its 30-year legacy with impactful upgrades to its public spaces and room offerings for a more personalized luxury experience and enhanced comfort. At the same time, iconic elements such as the New York Grill & Bar are restored to their original designs. This reimagined experience upholds Park Hyatt Tokyo’s status as a timeless classic, providing deeply personalized services that connect past and present, resonating with travelers across generations.

    Park Hyatt Phu Quoc (Q1 2026)

    Bringing the Park Hyatt brand to a destination recently voted as the world’s second most beautiful island by readers of Travel + Leisure magazine, the hotel and residences will be positioned to offer guests and residents mesmerizing sunset views. Just a 30-minute drive from Phu Quoc International Airport, resort facilities will include two dining outlets, a bar, a pool side barbecue, two swimming pools, a lakeside spa, a gym house with a lap pool, a Camp Hyatt kids’ village, more than 4,300 square feet of event space and an organic farm.

    The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

    About Hyatt Hotels Corporation

    Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of March 31, 2025, the Company’s portfolio included more than 1,450 hotels and all-inclusive properties in 79 countries across six continents. The Company’s offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, Alua Hotels & Resorts®, and Bahia Principe Hotels & Resorts; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios, Hyatt Select, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

    Forward-Looking Statements

    Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the Company’s luxury and lifestyle brand portfolios, expected performance and demand, planned openings, and development pipeline. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geopolitical conditions, including political or civil unrest or changes in trade policy; the impact of global tariff policies or regulations; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified  levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements.  We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

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    MEDIA CONTACTS:

    Lillian Zhang

    Hyatt – ASPAC

    Lillian.zhang@hyatt.com

    Joyce Cheng

    Hyatt – ASPAC

    Joyce.cheng@hyatt.com

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