The Venetian Resort Las Vegas has a brand new resort associate because it was revealed as we speak that the Strip on line casino resort is teaming up with resort big Hyatt on a long-term licensing accord.
An aerial view of The Venetian Resort Las Vegas. The venue is teaming up with Hyatt on a brand new loyalty-sharing program. (Picture: The Venetian)
Within the coming months, the Apollo-operated built-in resort will likely be obtainable for reserving on Hyatt’s web site and the World of Hyatt cell utility. That places the long-lasting gaming venue in entrance of Hyatt’s rewards program members.
Quickly, World of Hyatt members and eligible assembly and occasion planners will be capable of earn and redeem loyalty factors on qualifying stays, earn credit score towards the Model Explorer Award and, for World of Hyatt elite members, get pleasure from extra on-property advantages. With this long-term licensing settlement, Hyatt will supply extra selection for rewarding journey experiences and stays within the all-suite resort on the coronary heart of the Las Vegas Strip,” based on a press release issued by the Chicago-based hotelier.
Monetary phrases of the settlement weren’t revealed nor was a precise begin date for the connection.
Venetian Changing IHG
Information of the Hyatt/Venetian settlement arrived about two months after the gaming venue stated its long-running relationship with IHG would come to an finish in January 2025.
On the time of that announcement, no cause was offered as to why Venetian and IHG had been going their separate methods, however a chance is that the preliminary accord was struck when Las Vegas Sands operated the built-in resort, indicating Apollo might have merely wished to associate with a hotelier of its selecting.
As Marriott Worldwide and MGM Resorts Worldwide have confirmed, on line casino/resort rewards partnerships will be profitable, notably if the businesses in query have expansive loyalty applications. With an estimated 40 million members of as of late 2023, World of Hyatt checks that field. Hyatt and Venetian will try to leverage that standing.
“As a part of this long-term licensing settlement, World of Hyatt will, sooner or later, supply elite Venetian Rewards members advantages inside World of Hyatt. Moreover, within the close to future, these two hospitality powerhouses will work collectively within the MICE (conferences, incentives, conferences, and exhibitions) and conference area to additionally complement one another’s strengths in group enterprise,” based on the press launch.
Hyatt Wracking Up Las Vegas Offers
The Hyatt/Venetian announcement arrived lower than a month after the Rio Lodge & On line casino west of the Las Vegas Strip formally joined World of Hyatt. That deal got here after a March announcement, which paved the way in which for World of Hyatt members to accrue factors on the on line casino resort.
The Rio and Venetian offers are extremely related to Hyatt as a result of the journey and leisure firm’s earlier loyalty-sharing association with MGM led to mid-2023.
In different Las Vegas loyalty program information, the Treasure Island Lodge & On line casino earlier this week unveiled its new Treasury Gamers Membership rewards platform which permits bettors to build up factors for every $1.50 waged on slots and each $4.50 performed on video poker. That makes the brand new program considerably extra rewarding than competing plans supplied by Caesars and MGM.
