Hyatt's stock price soared 5.13% during intraday trading on Wednesday, driven by positive business developments and robust financial performance.

The hotel chain announced the addition of The Standard, Brussels to its World of Hyatt loyalty program, marking the company's debut in Belgium and expanding its footprint in Europe. This strategic move broadens the loyalty program's coverage and offers members new opportunities to earn or redeem points.

Furthermore, the company recently reported strong first-quarter earnings, with net income attributable to shareholders surging approximately 90% year-over-year. The positive momentum in the broader hotels, resorts, and cruise lines sector also contributed to the stock's upward movement.