Hyatt and Venetian Resort Las Vegas enter long-term licensing agreement
The Venetian Resort Las Vegas recently unveiled plans for a $1.5bn reinvestment to celebrate the property’s 25th anniversary.
Key Points
- The agreement includes customers now having the option to book rooms at the Venetian Resort Las Vegas through Hyatt channels
- The two properties will also begin working together in the MICE and convention space in order to complement its respective strengths
Hyatt Hotels and the Venetian Resort Las Vegas have announced a new long-term licensing agreement that will allow customers to book rooms at the Las Vegas strip property through Hyatt channels.
As per the agreement, World of Hyatt members as well as eligible meeting and event planners will be able to earn and redeem loyalty points on qualifying stays at the Venetian Resort Las Vegas.
“Las Vegas is a perennial favorite for World of Hyatt members and our group business customers are requesting rooms at a higher volume than pre-pandemic due to the world-class entertainment and unique experiences offered by this dynamic destination,” Hyatt CCO Mark Vondrasek said.
“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 recently unveiled plans for a $1.5bn reinvestment after the property celebrated its 25th anniversary. In terms of gaming, new offerings will include the Palazzo High Limit Lounge, a fully redesigned sportsbook which comes with a multi-year naming rights partnership with Yahoo and a new poker room.
Good to know: The Venetian Resort Las Vegas decided to distribute a $1,250 pre-taxed award to all full-time flex team members as part of its Venetian Appreciation Award on December 16
“Our legendary resort continues to lead the way on the Strip, setting the benchmark for innovation, luxury and unforgettable guest experiences,” Venetian Resort Las Vegas President and CEO Patrick Nichols said.
“From unveiling reimagined suites and collaborating with world-renowned chefs to delivering unparalleled entertainment, we have consistently stayed at the forefront of this ever-evolving destination. As we embrace a new era for The Venetian Resort, this relationship enables us to expand our reach and connect with new audiences.”
The two companies will also begin working together in the meetings, incentives, conferences and exhibitions (MICE) and convention space in order to complement its respective strengths.
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