Hyatt & Venetian Las Vegas Partnership
I was wondering where the Venetian and Palazzo would end up turning for a partnership after IHG recently pulled out. Marriott was a non starter because of their new partnership with MGM (which came at Hyatt's expense), and Hilton already has a ton of coverage in Las Vegas. That left Hyatt as the most logical choice for a Venetian Las Vegas partnership, and it fits a whole lot better than IHG ever did. Hyatt lost a lot of rooms in Las Vegas with the end of the MGM partnership and just scooped up the largest hotel in Vegas (the US actually) to replace it. This also seems like a better fit for their loyal customers compared to their other option in town at Rio.
Details For The New Licensing Agreement
Here is what Hyatt had to say about the new Venetian Las Vegas partnership in their press release:
Soon, World of Hyatt members and eligible meeting and event planners will be able to earn and redeem loyalty points on qualifying stays, earn credit toward the Brand Explorer Award and, for World of Hyatt elite members, enjoy additional on-property benefits. With this long-term licensing agreement, Hyatt will offer more choice for rewarding travel experiences and stays in the all-suite resort at the heart of the Las Vegas Strip…
…The licensing agreement with The Venetian Resort Las Vegas adds 7,000 rooms and 2.25 million square feet of meeting space, inviting Hyatt's loyalty members and valued customers to have even more options to earn and redeem loyalty points when visiting Las Vegas.
The Venetian Resort Las Vegas, home to two luxury hotels – The Venetian and The Palazzo – is the only all-suite resort on the Las Vegas Strip. Combining the romance of Venice with the vibrant energy of Las Vegas, this iconic destination offers an experience that delights all the senses. Whether strolling along picturesque canals, enjoying a gondola ride, savoring culinary masterpieces crafted by some of the most celebrated chefs and restaurants on the Strip or experiencing world-class entertainment, including the revolutionary Sphere at The Venetian, World of Hyatt members will soon be able to earn and redeem points at this extraordinary resort.
Hyatt & Venetian Las Vegas Partnership: ToP Thoughts
While the Rio in Las Vegas is a great option for people looking to rack up elite night credits for World of Hyatt status, because it is often very cheap, it never quite felt like a good match for the Hyatt brand. It felt like a scramble, and reach, after they lost the much more aspirational MGM Resorts properties.
Kind of in the same situation, the IHG brand always felt a bit out of place with the Venetian and Palazzo hotels. This time around it is because the Las Vegas property was much nicer than the majority of IHG properties. The pieces just didn't fit!
The Hyatt & Venetian Las Vegas partnership just feels right. The Venetian and Palazzo hotels are some of the more beloved properties in Vegas. That was before their recent $1.5 Billion in renovations too. This should present a much better option for people to redeem their Hyatt points, especially when rates spike on busy weekends, when compared to the Rio Las Vegas.
One interesting aspect of all of this is that IHG claims they never really made any kind of money off of their partnership with the Venetian Las Vegas. I wonder if Hyatt has negotiated better terms that should benefit them more?
Let me know what you think of the new Hyatt partnership with the Venetian and Palazzo hotels in Las Vegas over in the ToP Facebook Group.
