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Be More Outdoors: World of Hyatt Announces Exclusive Alliance with Under Canvas, the Leader in Upscale Outdoor Hospitality, Adding More Immersive Experiences for Guests and Members
World of Hyatt members can now earn and redeem points for even more luxury and adventure-filled stays in some of the most iconic destinations throughout the U.S.
CHICAGO–(BUSINESS WIRE)–World of Hyatt is inviting guests and members to immerse themselves in memorable outdoor experiences and stays at Under Canvas’ 13 outdoor resorts, including Under Canvas’ new luxury outdoor resort, ULUM Moab. The new alliance provides members with unprecedented access to iconic, upscale experiences across many U.S. national parks and other notable outdoor destinations. World of Hyatt members can now book their stays at Under Canvas camps and ULUM Moab through Hyatt to start earning and redeeming points.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725324290/en/
ULUM Moab (Photo: Business Wire)
Travelers (NYSE:) are looking for new and unique experiences to reconnect with nature in off-the-beaten-path locations. By adding these luxury outdoor camps to World of Hyatt, we are bringing more memorable travel experiences for our guests and members, said Mark Vondrasek, Chief Commercial Officer, Hyatt. Hyatt offers one of the fastest-growing luxury portfolios globally and with the inclusion of these incredible Under Canvas camps in World of Hyatt, we continue to double down on this focus and bring immense value to our rapidly growing member base.
Luxury Safari-Inspired Stays Near the Most Iconic U.S. National Parks and Monuments
The Under Canvas and ULUM outdoor resorts offer World of Hyatt members some of the most sought-after and curated luxury outdoor experiences. Spread across spectacular destinations in the U.S., such as Montana’s Yellowstone National Park, Tennessee’s Great Smoky Mountains, Acadia National Park in Maine and Yosemite National Park in California (anticipated opening in May 2025), Under Canvas camps offer extraordinary upscale hospitality, with safari-inspired tents and complimentary programming such as nightly campfires with s’mores, board games, yoga and kid’s activities. The camps also offer wholesome and nutritious food and beverage options through innovative menus that embrace seasonality and thoughtfully sourced ingredients.
Learn more about a few of the outdoor resorts, now bookable through World of Hyatt for the 2024 and 2025 seasons:
- Under Canvas Bryce Canyon: Sleep under endless star-filled skies in a Stargazer Tent or indulge in the celestial-themed culinary offerings at this camp, located just 15 minutes from Bryce Canyon National Park in Utah.
- Under Canvas Grand Canyon: Get lost in 160 acres of secluded piñon and juniper forest in Arizona, the camp is minutes away from the iconic natural wonders of the Grand Canyon.
- Under Canvas Lake Powell-Grand Staircase: Discover the splendor of the American Southwest with endless outdoor experiences, from hiking mesas to chasing sunsets at Horseshoe Bend.
- Under Canvas Moab: Take the perfect getaway to explore the towering plateaus, sandstone cliffs and geologic wonders of Utah’s Canyon Country.
- Under Canvas Zion: Wonder at the magic of the desert at this camp located near Zion National Park in Utah, surrounded by sandstone cliffs, majestic red rock and wide-open skies.
- ULUM Moab: Enjoy unparalleled luxury outdoor experiences at ULUM Moab, the first resort under the new ULUM brand, which was introduced by Under Canvas in 2023. Set across 200 acres, ULUM Moab extends architecture that embraces the contours of the land with a full-service restaurant, hot and cold dipping pools, a yoga deck, comfortable lounge spaces and more.
Under Canvas is the leading outdoor resort company in the United States, with 13 locations outside of national parks and adventurous destinations such as Acadia, Glacier, Moab, Yellowstone, Yosemite, and Zion, said Matt Gaghen, chief executive officer of Under Canvas. We’re looking forward to welcoming World of Hyatt members to our beautiful, safari-inspired camps so that they can experience true comfort in nature in these amazing destinations. This exciting collaboration with Hyatt will further our goal of connecting more people with extraordinary places, people, and the planet by enhancing access to the outdoors.
Notably, Under Canvas’ five Grand Circle camps across Utah and Arizona are the first-ever DarkSky-certified resorts in the world “ a testament to the brands’ commitment to minimizing light pollution and protecting the night sky. Grounded in its ˜Mindful Approach’ ethos, the camps are designed to minimize disturbance, maximize open spaces and flow with the natural topography of the land.
In an effort to reduce energy and water usage, Under Canvas camps feature pull-chain showers, low-flow toilets, rechargeable battery pack chargers, and low-level lighting. Under Canvas’ safari-inspired tents provide comfort in nature, with king-size beds, luxe linens, USB charging packs, bedside lanterns and a wood-burning stove, with the majority of tent types offering private decks with views and ensuite bathrooms. To encourage immersion in nature, Under Canvas camps do not offer Wi-Fi. For tech-savvy travelers, ULUM Moab offers Wi-Fi connection in its contemporary, temperature controlled, lobby lounge and restaurant.
More Rewards and More Choice for World of Hyatt Members
Following the initial Mr & Mrs Smith integration of more than 700 global boutique and luxury hotels and resorts into World of Hyatt, select Under Canvas camps and ULUM Moab are also now part of the Mr & Mrs Smith platform. Hyatt is expected to make even more Mr & Mrs Smith hotels available for members to book through Hyatt channels by the end of 2024.
As with all hotels integrated into World of Hyatt via Mr & Mrs Smith, World of Hyatt members can now book through Hyatt and earn 5 Base Points per $1 USD spent on room rates as well as Tier Qualifying Nights for each eligible night at Under Canvas camps and ULUM Moab. World of Hyatt Credit Cardmembers can also earn an additional 4 Bonus Points per $1 USD spent on room rates when booking through World of Hyatt channels. World of Hyatt members are able to earn and redeem and receive the same benefits at Under Canvas camps and ULUM Moab as they would at Mr & Mrs Smith hotels.
Learn more about Under Canvas camps and ULUM Moab resort and book your next stay at Hyatt.com/UnderCanvas.
The term Hyatt is used in this release for convenience to refer to Hyatt Hotels (NYSE:) Corporation and/or one or more of its affiliates.
For further information:
About World of Hyatt
World of Hyatt is Hyatt’s award-winning guest loyalty program uniting participating locations in Hyatt’s Timeless Collection, including in the Park Hyatt ®, Grand Hyatt ®, Hyatt Regency ®, Hyatt ®, Hyatt Vacation Club ®, Hyatt Place ®, Hyatt House ®, and UrCove brands; Boundless Collection, including in the Miraval ®, Alila ®, Andaz ®, Thompson Hotels ®, Dream ® Hotels, Hyatt Centric ®, and Caption by Hyatt ® brands; Independent Collection, including in The Unbound Collection by Hyatt ®, Destination by Hyatt ®, and JdV by Hyatt ® brands; and Hyatt’s Inclusive Collection, including in the Impression by Secrets, Hyatt Ziva ®, Hyatt Zilara ®, Zoëtry ® Wellness & Spa Resorts, Secrets ® Resorts & Spas, Breathless Resorts & Spas ®, Dreams ® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts ®, and Sunscape ® Resorts & Spas brands. Members who book directly through Hyatt channels can enjoy personalized care and access to distinct benefits including Guest of Honor, confirmed suite upgrades at time of booking, diverse wellbeing offerings, digital key, and exclusive member rates. With more than 40 million members, World of Hyatt offers a variety of ways to earn and redeem points for hotel stays, dining and spa services, wellbeing focused experiences through the FIND platform; as well as the benefits of Hyatt’s strategic loyalty collaboration with American Airlines (NASDAQ:) AAdvantage ®. Travelers can enroll for free at hyatt.com, download the World of Hyatt app for android and IOS devices and connect with World of Hyatt on Facebook (NASDAQ:), Instagram, TikTok and Twitter.
ABOUT UNDER CANVAS
The leader in upscale, outdoor hospitality, Under Canvas is the ultimate outdoor destination experience. Its safari-inspired accommodations perfectly embrace their natural surroundings while featuring indoor luxuries, allowing guests to discover their outdoor self in comfort and style. Under Canvas currently operates 11 locations: North Yellowstone-Paradise Valley, West Yellowstone and Glacier in Mont.; Moab, Zion, Lake Powell-Grand Staircase and Bryce Canyon in Utah; Mount Rushmore in S.D.; Great Smoky Mountains in Tenn.; Grand Canyon in Ariz.; and Acadia in Maine; its newest location, Under Canvas Yosemite, Cali., is set to open in May 2025. To provide an even more elevated outdoor resort experience, Under Canvas launched ULUM”a bespoke resort brand that debuted its first location 20 miles south of Moab, Utah in spring of 2023. This exceptional outdoor resort features all Suite Tents, a full-service restaurant, three dipping pools, and in-tent amenities such as electricity, coffee and tea, Aesop bath products and more. For more information, please visit www.undercanvas.com and www.ulumresorts.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240725324290/en/
Hyatt Media Contact:
Kaitlyn Sheehy
kaitlyn.sheehy@hyatt.com
Under Canvas Media Contact:
J/PR
(619) 255-7069
undercanvas@jpublicrelations.com
Source: Hyatt Hotels Corporation
In a turbulent market environment, Five9 (NASDAQ:) Inc’s stock has touched a 52-week low, reaching a price level of $28.74. This significant downturn reflects a broader trend for the cloud software company, which has seen its shares plummet by -58.79% over the past year. Investors are closely monitoring Five9’s performance as it navigates through a period of heightened volatility and shifting industry dynamics, which have contributed to the stock’s current valuation at this low point. The company’s efforts to rebound from this position will be under scrutiny in the coming quarters as market participants look for signs of a strategic turnaround or further indications of market pressures.
In other recent news, Five9 Inc . has achieved an annual revenue run rate exceeding $1 billion in Q2, a significant milestone despite lowering its annual revenue guidance by 3.8% due to customer budget constraints. The company’s adjusted EBITDA margin rose to 17% of revenue, contributing to a strong operating cash flow of $126 million. The company also confirmed plans to reduce its global workforce by approximately 7% by the end of 2024, a strategic move projected to cost between $12 million and $15 million.
Five9’s recent acquisition of Acqueon, a firm specializing in proactive outbound omnichannel customer engagement, aims to expand its AI offerings and bolster its growth. This move is in line with the company’s focus on managing expenses and improving profitability, with initiatives like FedRAMP and expansion into India anticipated to improve gross margins.
In their analysis, Piper Sandler maintained an Overweight rating for Five9, with a steady price target of $47.00, while Needham and BTIG both maintained a Buy rating with price targets of $48.00 and $45.00 respectively. These ratings reflect the firms’ confidence in Five9’s strategic positioning and potential for growth, despite the current challenges and workforce reduction.
InvestingPro Insights
Amid the current market conditions, Five9 Inc’s recent performance can be put into perspective with select data from InvestingPro. The company’s market capitalization stands at roughly $2.15 billion, indicating the size and scale of the business amidst its challenges. Despite the stock’s decline, analysts are showing a hint of optimism, with 20 analysts having revised their earnings estimates upwards for the upcoming period. This could signal a potential turnaround in sentiment or underlying business performance.
Importantly, Five9’s liquid assets are reported to surpass short-term obligations, suggesting that the company maintains a degree of financial flexibility to navigate its current difficulties. Furthermore, while the stock is trading near its 52-week low, it’s worth noting that the relative strength index (RSI) suggests the stock is in oversold territory, which can sometimes precede a rebound in share price. Investors looking for comprehensive analysis and additional InvestingPro Tips on Five9 can find more insights, including 14 other tips, at https://www.investing.com/pro/FIVN.
In terms of financial health, the company operates with a moderate level of debt and is expected to become profitable this year, according to analysts’ predictions. These elements may offer some solace to investors considering the stock’s substantial price fall over the last year. For those seeking a deeper dive into Five9’s valuation and future prospects, the InvestingPro platform provides a fair value estimate of $45.04, which is considerably higher than the current trading price, suggesting potential undervaluation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
TD Cowen reiterated its Buy rating on shares of Terns Pharmaceuticals (NASDAQ:TERN), following the company’s investor call. The call was held to manage expectations for the upcoming Phase 1/2 CARDINAL study data for chronic myeloid leukemia (CML). The firm noted the challenges in measuring the efficacy endpoint (EP) due to disease progression and the absence of treatment switch guidelines, which makes major molecular response (MMR) a challenging efficacy endpoint for Phase 1/2 trials.
The interim Phase 1/2 data aims to evaluate descriptive efficacy signals, considering patients’ baseline BCR-ABL levels and treatment history. The analyst highlighted that the once-daily (QD) dosing and the lack of food effect could potentially enhance the quality of life for patients compared to other allosteric tyrosine kinase inhibitors (TKIs).
Terns Pharmaceuticals has been focusing on the development of improved treatment options for CML. The company’s approach to dosing, which does not require food intake, may offer a more convenient alternative for patients, potentially leading to better adherence and outcomes.
The topline data from the 6-month Phase 1/2 CARDINAL study is anticipated to be available in 2025. This data will provide further insights into the treatment’s efficacy and safety, which are critical factors in the ongoing development and potential approval process.
Investors and stakeholders in Terns Pharmaceuticals are expected to closely monitor the progress of the CARDINAL study, as it could have a significant impact on the company’s future prospects and position in the CML treatment landscape.
In other recent news, Terns Pharmaceuticals has experienced significant developments. The biopharmaceutical company reported robust earnings and revenue results, with Mizuho Securities maintaining an Outperform rating on Terns shares, citing strong enthusiasm for the company’s drug, TERN-701, a potential treatment for chronic myeloid leukemia.
The firm expects the first interim Phase 1 CARDINAL study data for TERN-701 in December.
Terns also announced the appointment of Elona Kogan as its new chief legal officer, a move that underscores the company’s strategic development and pipeline advancement.
The company also secured an extension of its office lease in Foster City, California, through 2027, reflecting Terns Pharmaceuticals’ operational stability and long-term planning.
In terms of clinical trials, Terns has made progress in its ongoing Phase 1 study of TERN-701, with interim findings suggesting the drug can be administered once daily with or without food.
This development, coupled with the forthcoming Phase 1 data for another of Terns’ drugs, TERN-601—an oral GLP-1 receptor agonist for obesity—expected next month, underscores the company’s commitment to innovative therapies.
These recent developments, from financial performance to executive appointments and clinical trials, highlight Terns Pharmaceuticals’ ongoing efforts to advance its strategic objectives and deliver on its mission. The company’s activities are closely watched by investors and industry analysts, including those from Mizuho Securities, who continue to support the company’s potential.
InvestingPro Insights
As Terns Pharmaceuticals (NASDAQ:TERN) navigates the complexities of its Phase 1/2 CARDINAL study, investors are keeping a keen eye on the company’s financial health and stock performance. According to InvestingPro, Terns holds more cash than debt, which is a positive signal for financial stability. Additionally, with five analysts revising their earnings upwards for the upcoming period, there is a sense of optimism about the company’s potential performance.
However, it’s important to note that Terns is not currently profitable and has been quickly burning through cash, which may raise concerns about long-term sustainability. The company’s P/E Ratio stands at -5.71, reflecting these profitability challenges. Despite these hurdles, Terns has managed a 1 Year Price Total Return of 45.42%, indicating some investor confidence in the company’s growth prospects. The anticipated fair value from analysts stands at 15 USD, while the InvestingPro Fair Value is calculated at 5.8 USD, highlighting a divergence in valuation perspectives.
For those looking for more in-depth analysis, additional InvestingPro Tips on Terns Pharmaceuticals can be found at https://www.investing.com/pro/TERN, offering a comprehensive look at the company’s financial details and stock performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
PARIS (Reuters) – French President Emmanuel Macron discussed the importance of maintaining support for Ukraine and the need for a ceasefire in Gaza during talks on Friday with German Chancellor Olaf Scholz, said the French presidency.
Regarding Ukraine, the two leaders expressed their determination to support the country “for as long and as intensively as necessary” in its war against Russia, the Elysee said.
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