7-9-18 10:32 AM EDT | Email Article

Hyatt Hotels Corp. (H) said Monday it plans to eliminate plastic straws and drink picks, but did not detail by when. The company said by Sept. 1, 2018, straw and picks will only be available by request, and "eco-friendly" alternatives will be provided where available. The company said the move was part of its 2020 Environmental Sustainability Vision launched in 2014. "Eliminating plastic straws and drink picks builds on the environmental sustainability programs we have in place and further drives our global efforts to reduce environmental impact," said SVP Frank Lavey. Hyatt's announcement comes on the same day (http://www.marketwatch.com/story/starbucks-to-eliminate-use-of-plastic-straws-by-2020-2018-07-09) Starbucks Corp. (SBUX) said it would eliminate single-use plastic straws by 2020, a week after the city of Seattle banned (http://www.marketwatch.com/story/new-york-city-soda-drinkers-your-plastic-straws-could-be-an-endangered-species-2018-05-23) the use of them and a month after Royal Caribbean Cruised Ltd. (RCL) said it would do the same (http://www.marketwatch.com/story/royal-caribbean-to-stop-using-plastic-straws-by-the-end-of-the-year-2018-06-08). Hyatt's stock slipped 0.1% in morning trade. It has rallied 6.5% over the past three months, while the S&P 500 has gained 6.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

07-09-18 1032ET

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