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Dive Brief:
Hyatt Hotels Corp. posted “solid” performance results for the second quarter of 2024, with its system-wide RevPAR growing 4.7% year over year in the quarter and net rooms increasing 4.6% for the same period, CEO Mark Hoplamazian said in an earnings report published Tuesday. 
The hotel company’s pipeline also reached a new record of 130,000 rooms, up 9% year over year in Q2, Hoplamazian detailed. And its World of Hyatt loyalty program also grew, with membership increasing 21% year over year to 48 million members. 
Shortly after the second quarter ended, Bloomberg reported that Hyatt is in advanced talks to acquire boutique hotel operator Standard International. During a Tuesday earnings call with analysts, Hoplamazian did not comment on the reported acquisition but said Hyatt will “continue to be very intentional with our organic and inorganic growth, ensuring that our brand and property portfolio expansion creates opportunities for new guests to find us and join World of Hyatt.”