Hyatt Hotels Corporation (Hyatt) operates as a global hospitality company.
Hyatt's portfolio of properties consists of full-service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. The company also offers distribution and destination management services through ALG Vacations, and distribution services through Mr & Mrs Smith, a boutique and luxury global travel platform. As...
Hyatt Hotels Corporation (Hyatt) operates as a global hospitality company.
Hyatt's portfolio of properties consists of full-service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. The company also offers distribution and destination management services through ALG Vacations, and distribution services through Mr & Mrs Smith, a boutique and luxury global travel platform. As of December 31, 2024, the company's hotel portfolio consisted of 1,442 hotels and all-inclusive resorts (347,301 rooms).
The company's offering includes brands across five distinct portfolios. The Luxury Portfolio includes Park Hyatt, Alila, Miraval, Impression by Secrets, and The Unbound Collection by Hyatt; the Lifestyle Portfolio includes Andaz, Thompson Hotels, The Standard, Dream Hotels, The StandardX, Breathless Resorts & Spas, JdV by Hyatt, Bunkhouse Hotels, and Me and All Hotels; the Inclusive Collection includes Zoetry Wellness & Spa Resorts, Hyatt Ziva, Hyatt Zilara, Secrets Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape Resorts & Spas, and Alua Hotels & Resorts; the Classics Portfolio includes Grand Hyatt, Hyatt Regency, Destination by Hyatt, Hyatt Centric, Hyatt Vacation Club, and Hyatt; and the Essentials Portfolio includes Caption by Hyatt, Hyatt Place, Hyatt House, Hyatt Studios, and UrCove. The company also manages, provides services to, or licenses its trademarks with respect to residential units often adjacent to a Hyatt-branded full-service hotel. The company consults with third parties in the design and development of such mixed-use projects. It licenses certain of its trademarks with respect to vacation units, which are part of Hyatt Vacation Club. The company offers a short-term vacation rental platform, Homes & Hideaways by World of Hyatt, that features direct booking for short-term private home rentals in the United States (‘U.S.’).
The company primarily derives its revenues from the provision of management, franchising, and hotel services, licensing of its portfolio of brands to franchisees and other hospitality-related businesses, including the Unlimited Vacation Club, operation of its owned and leased hotel portfolio, and provision of distribution and destination management services.
Business Strategy
The company's strategy to drive long-term sustainable growth and create value for guests, customers, colleagues, owners, and stockholders is guided and refined by its desired outcome focused on the following areas:
Maximize Its Core Business: The company continues to grow and operate its core business with excellence in order to be best-in-class while generating profits to fuel its growth.
Integrate New Growth Platforms: The company seeks to identify and integrate new opportunities to advance care for its guests and customers, and strengthen loyalty to its brands.
Brands
Luxury Portfolio
Park Hyatt
Park Hyatt hotels provide discerning, global travelers with a refined home-away-from-home. Located in several of the world's premier destinations, each Park Hyatt hotel is custom-designed to combine sophistication with understated luxury. Each property features well-appointed guestrooms, world-renowned artwork and design, and unique and immersive culinary experiences led by award-winning chefs, creating deeply enriching dining occasions for guests.
Alila
The Alila brand redefines luxury with its experience-driven philosophy that blends transformative moments, innovative design, and personalized service. Every property embraces a culturally rich and environmentally conscious approach. Recognized for award-winning practices, Alila hotels protect and celebrate the natural, cultural, and architectural heritage of their destinations, which leads to unmatched guest experiences. A stay at an Alila property invites guests to immerse themselves in the essence of each place—through local flavors, restorative wellness rituals, invigorating adventures, and experiences waiting to be uncovered.
Miraval
The Miraval brand is a player in wellness resorts and spas. Nearly three decades ago, Miraval Arizona Resort & Spa in Tucson pioneered the destination wellness spa resort category with its comprehensive program of mindfulness activities, destination-inspired experiences, and personal spa treatments. The Miraval brand's commitment to inspire guests to create a life in balance, foster positivity, and cultivate mindfulness is the cornerstone of a distinct wellness offering within the company's portfolio of brands. This commitment reflects the company's focus on serving the high-end traveler by finding new ways to understand and care for them beyond the traditional hotel stay.
Impression by Secrets
The Impression by Secrets brand is a boutique, adult-only, luxury all-inclusive brand where guests can experience personalized restoration and luxury, offering escapes designed to exceed expectations of guests. Impression by Secrets resorts are the next generation of exclusive luxury, offering intimate escapes from daily life amidst breathtaking surroundings and picturesque oceanscapes. Guests will enjoy a high-touch, preference-focused experience complete with the utmost level of personalized service and amenities.
The Unbound Collection by Hyatt
More than a compilation of independent, one-of-a-kind luxury hotels, The Unbound Collection by Hyatt brand is a thoughtful curation of stories worth collecting. Whether it is a modern marvel, a historic gem, or a revitalizing retreat, each property provides thought-provoking environments and experiences that inspire unforgettable moments for guests seeking sophisticated yet unscripted service when they travel.
Lifestyle Portfolio
Andaz
Andaz, translated from Hindi, means ‘personal style.’ Designed for those with a global sensibility, Andaz hotels are grounded in their local surroundings and infused with local culture. The brand's personalized, attentive service leaves guests feeling empowered and energized to explore themselves and the world around them, leaving enriched and energized.
Thompson Hotels
Thompson Hotels provide a sophisticated home base when traveling. The brand is focused on the classics done with a refined sensibility and a distinctive sense of style, all housed where culture thrives. Thompson Hotels cater to discerning visitors traveling for business, leisure, and special events, along with socially connected locals in each market.
The Standard
The Standard hotels create culturally inspired, socially driven entertainment destinations in some of the world's most inspiring locations. From its carefully curated food and beverage offerings to vibrant events that engage both locals and travelers, over the past 25 years, The Standard brand has become one of the most celebrated brands in the industry.
Dream Hotels
Dream Hotels bring the party to its guests with eye-catching aesthetics and vibrant social spaces where guests and locals mingle in search of a good time. Dream Hotels are located in urban destinations and emerging neighborhoods surrounding city centers. Each location's distinct influence creates a lively and amplified hospitality experience.
The StandardX
The StandardX brand brings The Standard brand's signature ‘cool factor’ to smaller hotels and up-and-coming neighborhoods, with properties that pack style, culture, and attitude into a smaller footprint. Each The StandardX hotel embodies a stripped-back, potent sense of style, often located in areas on the cusp of transformation, where X marks the spot for the next big thing.
Breathless Resorts & Spas
Breathless Resorts & Spas are adult-only, all-inclusive properties for guests seeking an activated beachfront experience in a social setting. These resorts offer modern accommodations, spas, meetings and event spaces, and compelling dining and drink options. The experience is infused with a spirit of escape people expect from a beachside destination, layered with unexpected moments of delight.
JdV by Hyatt
The JdV by Hyatt brand offers a collection of vibrant, independent hotels that are true reflections of the urban neighborhoods they call home. Each hotel provides an experience that is inclusive in spirit and space, that brings people together with joy-driven service. Embracing its namesake of ‘joie de vivre,’ each property invites guests and locals to connect and celebrate the joys of life and travel.
Bunkhouse Hotels
Bunkhouse is a brand that is rooted in the heart of the communities it serves, offering an authentic sense of place. With a passion for distinctive design and a focus on building relationships with locals, Bunkhouse properties offer soulful travel experiences that connect deeply with guests. The brand's commitment to community-centered food and beverage experiences, and engaging events creates spaces where locals and visitors alike come together to share stories and make memories.
Me and All Hotels
At Me and All Hotels, everyone is invited. Me and All hotels are centrally located and inextricably linked with their city's local social dynamics. Urban design meets fun cultural programming to create an engaging environment for travelers and locals.
Inclusive Collection
Zoetry Wellness & Spa Resorts
Zoetry Wellness & Spa Resorts cater to those seeking luxury, privacy, and pampering in an all-inclusive, beachfront boutique setting. These resorts offer lavish accommodations, 24-hour concierge, gourmet cuisine, top-shelf spirits, and enrichment experiences. The resorts pay homage to the local cultures, nature, and art through indigenous spa treatments, environmentally conscious practices, and distinguished art collections.
Hyatt Ziva
Hyatt Ziva all-inclusive resorts are designed for guests of all ages in premier leisure locations. These resorts offer a variety of on-site activities and opportunities to experience the local culture and destination. Hyatt Ziva resorts feature a wide array of food and beverage outlets emphasizing authentic local cuisine. In addition to leisure travelers, these resorts cater to special events and business groups with varied and well-appointed indoor and outdoor meeting and event facilities.
Hyatt Zilara
Hyatt Zilara adult-only, all-inclusive resorts are located in sought-after resort destinations. These resorts offer a wide array of food and beverage services focusing on authentic local and global cuisines. The resorts offer premier spas, social activities, and live entertainment, as well as a variety of meeting and event spaces. The resorts are designed so couples or small groups can enjoy intimate, sophisticated surroundings.
Secrets Resorts & Spas
Secrets Resorts & Spas offer adult-only, all-inclusive luxury focusing on romance in beachfront settings. Properties feature elegantly appointed rooms and suites, 24-hour concierge and room services, gourmet restaurants and lounges, and various day and evening activities. In addition to couples and honeymooners, the resorts also cater to business groups and large leisure events with expansive and flexible settings and customized services.
Dreams Resorts & Spas
Dreams Resorts & Spas are family-friendly, all-inclusive resorts located in a selection of beautiful beach destinations. Guests can participate in on-site activities, including clubs for kids. Gourmet dining options present a variety of worldly cuisines, and themed bars serve top-shelf spirits. Meeting venues cater to business travelers, while private event spaces are perfect for social gatherings and wedding celebrations.
Hyatt Vivid Hotels & Resorts
Hyatt Vivid Hotels & Resorts are designed for the next generation traveler seeking engaging, adult-only, all-inclusive vacation experiences in a unique and down-to-earth atmosphere. The brand will offer crafted culinary experiences, wellness, and nutrition classes, as well as engaging activities and entertainment in a relaxed, casual setting.
Sunscape Resorts & Spas
Sunscape Resorts & Spas offer budget-conscious vacations focused on family fun. These all-inclusive, family-friendly beachfront resorts in Mexico and the Caribbean provide a fun and energetic, yet relaxing setting. Each location offers a supervised kids club and teen zone for younger guests, along with an array of activities for the entire family. Sunscape provides comfortable accommodations, various dining options, including kid-friendly menus, and exciting features like waterparks and splash zones.
Alua Hotels & Resorts
Alua Hotels & Resorts are designed for all types of travelers seeking an affordable, seaside getaway across Europe's top island destinations, including Spain's Mediterranean coast, the Canary Islands, the Balearic Islands, and more. Guests can enjoy modern amenities, minimalistic-chic rooms, natural spaces, and worldly cuisine surrounded by local culture and enriching activities.
Classics Portfolio
Grand Hyatt
Grand Hyatt hotels are distinctive hotels in major gateway cities and resort destinations. With a presence around the world and critical mass in Asia, Grand Hyatt hotels provide sophisticated leisure and business travelers with elegant accommodations, extraordinary restaurants and bars, luxury spas and fitness centers, and comprehensive business and meeting facilities. Signature elements of Grand Hyatt hotels include iconic architecture and design, state-of-the-art technology, and facilities for an array of business or social gatherings of all sizes.
Hyatt Regency
Hyatt Regency hotels offer a full range of services, amenities, and facilities tailored to serve the needs of meeting and event planners, business travelers, and leisure guests. Hyatt Regency hotels in key urban markets around the world feature flexible meeting facilities of all sizes designed to provide a productive, connected environment. Hyatt Regency hotels in resort locations cater to couples seeking a getaway, families enjoying a vacation together, and corporate groups hosting meetings and events.
Destination by Hyatt
The Destination by Hyatt brand is a portfolio of luxury hotels and resorts that are individual, yet connected by a commitment to draw on the spirit of each location. Each property is purposefully crafted to be a place of discovery and captures the unique essence of each location through immersive discoveries, authentic design, and welcoming service. The portfolio features renowned golf courses, indigenous spas, and exceptional food and beverage options, including bars, restaurants, cafes, and rooftop venues.
Hyatt Centric
Hyatt Centric is a brand of full-service lifestyle hotels located in prime destinations. Created for curious travelers who want to be in the heart of the action, Hyatt Centric hotels are thoughtfully designed to enable exploration and discovery, so they never miss a moment of adventure. With streamlined, modern rooms, each hotel serves as a launch pad for exploring all the hidden gems and hot spots each destination has to offer. Hyatt Centric hotels offer social spaces to connect with others in the lobby, while the bar and restaurant are local hot spots where great conversations, locally inspired food, and signature cocktails can be enjoyed.
Hyatt Vacation Club
Hyatt Vacation Club is Hyatt's vacation ownership brand, providing members opportunities in regionally inspired and designed residential-style properties. Hyatt vacation owners pre-purchase at Hyatt Vacation Club properties and have the flexibility of usage, exchange, and rental. Members can choose to occupy their vacation home, exchange time among other Hyatt vacation ownership locations, trade their time for World of Hyatt loyalty program bonus points, or travel within the Hyatt portfolio.
Hyatt
Hyatt hotels are smaller-sized properties conveniently located in diverse business and leisure areas. These hotels help guests make the most of their stay, whether to attend an important business meeting or social gathering, explore a new city, or reconnect with family and friends.
Essentials Portfolio
Caption by Hyatt
The Caption by Hyatt brand is designed to be part of the community, not just in it. Caption by Hyatt hotels hire local, buy local, and vibe local. Be it an open-mic night or a pop-up art installation, each space within Caption by Hyatt hotels is programmed to reflect each destination and its community. At the heart of each Caption by Hyatt hotel is Talk Shop, an all-day spot where guests can eat, drink, get some work done, hang with friends, or just relax. Caption by Hyatt hotels combine the design and comfort of an upscale, lifestyle-forward hotel with the flexibility and efficiency of a select service property.
Hyatt Place
Hyatt Place hotels offer a modern, comfortable, and seamless experience, combining style and innovation to create a casual hotel environment for today's multi-tasking traveler. Spacious, thoughtfully designed guestrooms feature distinct areas for sleep, work, and relaxation. Hyatt Place hotels also offer freshly prepared food, efficient service, and an easy-to-navigate experience.
Hyatt House
Hyatt House hotels are designed to welcome short-term guests and extended-stay residents. Apartment-style suites with fully equipped kitchens and separate living areas provide guests with living accommodations and the conveniences of home. Hyatt House hotels seek to keep guests comfortable with complimentary hot breakfast, H Bar food and beverage offerings, and indoor and outdoor communal spaces.
Hyatt Studios
Hyatt Studios is an upper-midscale, extended-stay brand conceived in direct collaboration with hotel developers and operators, and by listening closely to the needs of guests. The Hyatt Studios brand distinguishes itself through efficient design and a lean operating model. Each hotel delivers spacious studio guest rooms with all the necessities for a convenient and comfortable extended-stay experience, including complimentary grab-and-go breakfast, a state-of-the-art self-service marketplace, laundry and fitness areas, and outdoor patio spaces.
UrCove
The UrCove brand is designed specifically to meet aspiring travelers' preferences and growing expectations for a seamless, comfortable, and premium travel experience in the upper-midscale market in Mainland China. Hotels in the UrCove brand, which is short for ‘your cove,’ for the modern blend comfort and convenience traveler through thoughtful service, spacious rooms, delicious food, and a relaxed, yet refined ambiance.
ALG Vacations, Amstar, and Trisept Solutions
ALG Vacations focuses on providing memorable vacation experiences around the world with an emphasis on Mexico and the Caribbean. ALG Vacations operates in vacation and travel, including Apple Vacations, Funjet Vacations, Travel Impressions, Blue Sky Tours, CheapCaribbean.com, and BeachBound. ALG Vacations also markets and distributes certain products through affiliations with airline vacation brands, Southwest Vacations, and United Vacations.
The ALG Vacations business includes Amstar, a destination management business, and Trisept Solutions, a technology platform for travel merchandise and distribution. Amstar provides world-class expertise in destination services, transfers, and excursions to individuals, travel agencies, groups, corporations, tour operators, and meeting planners throughout eight countries and 39 destinations in the Americas.
Mr & Mrs Smith
Mr & Mrs Smith is a boutique and luxury global travel platform offering direct booking access to a carefully curated and growing collection of approximately 2,200 boutique and luxury properties in some of the world's most desirable locations, of which approximately 1,000 are available through hyatt.com. Hotel listing is by invitation only through a selective process, including required site visits by a diverse community of trusted tastemakers.
Business Segment, Revenues, and Geographical Information
During the year ended December 31, 2024, the company realigned its operating and reportable segments to align with its business strategy, certain organizational changes within its leadership team, and the manner in which its chief operating decision maker (‘CODM’) assesses performance and makes decisions regarding the allocation of resources. A summary of the company's reportable segments is as follows:
Management and franchising, which consists of the provision of management, franchising, and hotel services, or the licensing of its intellectual property to (i) its property portfolio, (ii) its co-branded credit card programs, and (iii) other hospitality-related businesses, including the Unlimited Vacation Club following the UVC Transaction;
Owned and leased, which consists of its owned and leased hotel portfolio and, for purposes of owned and leased segment Adjusted EBITDA, its pro-rata shares of unconsolidated hospitality ventures' Adjusted EBITDA based on its ownership percentage of each venture; and
Distribution, which consists of distribution and destination management services offered through ALG Vacations, and the boutique and luxury global travel platform offered through Mr & Mrs Smith. Prior to the UVC Transaction, this segment also included the Unlimited Vacation Club paid membership program.
Within overhead, the company includes unallocated corporate expenses.
Management and Hotel Services Agreements
The company manages and provides hotel services to hotels worldwide pursuant to management and hotel services agreements. The company's management and hotel services agreements typically provide for a two-tiered fee structure that compensates it both for the revenue it generates for the property, as well as for the profitability of hotel operations. In these two-tier fee structures, tier one is a base fee that is usually an agreed-upon percentage of gross revenues from hotel operations, and tier two is an incentive fee that is typically calculated as a percentage of a hotel profitability measure, such as gross operating profit, adjusted profit, or the amount by which gross operating profit or adjusted profit exceeds a specified threshold.
In addition to the company's management and hotel services fees, it charges owners for certain services provided by it on a centralized or regional basis, including, without limitation, reservation functions, certain sales functions, digital and technology, digital media, national advertising, certain marketing and promotional services, human resource services, insurance programs, and other corporate services.
Terms and Renewals
The approximate average remaining term of the company's management and hotel services agreements with third-party owners and consolidated and unconsolidated hospitality ventures (other than for properties under development) is 16 years for full-service hotels in all regions, 14 years for select service hotels in all regions, and 11 years for all-inclusive resorts in all regions, in each case assuming no renewal options are exercised by either party. Including exercise of extension options in Hyatt's sole discretion, the approximate average remaining term of the company's management and hotel services agreements (other than for properties currently under development) in all regions is 19 years for full-service hotels, 22 years for select service hotels, and 11 years for all-inclusive resorts.
Franchise Agreements
The company's franchise agreements grant its franchisees the limited right to use its name, marks, and systems in the operation of franchised full-service hotels, select service hotels, and all-inclusive resorts under certain brands. The company approves the plans for, and the location of, franchised hotels and reviews the operation of these hotels to ensure its standards are maintained.
Sales and Revenue Management, Marketing, and Reservation Systems and Global Care Centers
Sales and Revenue Management
The company deploys a global sales team, as well as regional sales teams. The global team is responsible for the company's largest and most significant accounts doing business globally. The regional teams are responsible for large accounts that typically do business within multiple hotels in one region. The global and regional sales teams coordinate efforts with the hotel sales teams. The in-house sales colleagues are focused on local and regional business opportunities, as well as securing business generated from the company's key global and regional accounts.
The company's corporate sales organizations are focused on growing market share with key accounts, identifying new business opportunities, and maximizing its local customer base. The company's key accounts consist of major corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fraternal organizations; travel agency and luxury organizations; and a broad and diverse group of individual consumers. The global and regional sales teams target multiple brands to key customer accounts within these groups. No single customer is material to the company's business. The global and regional teams consist of colleagues at global and regional sales offices around the world who are focused on group business, corporate and leisure traveler accounts, and travel agencies.
Sales colleagues at the company's regional offices and at many of its full-service hotels use its proprietary sales tool to manage the group rooms forecast, maintain an inventory of definite and tentative group rooms booked each day, streamline the process of checking guest room availability and rate quotes, and determine meeting room availability.
Marketing
The company is focused on the high-end traveler, positioning its offerings at the top of each segment in which its brands operate. The company's marketing strategy is designed to drive loyalty and community through global, regional, field, and digital marketing efforts. Building and differentiating each of the company's brands is critical to increasing Hyatt's brand preference. The company focuses on targeting the distinct guest segments that each of its brands serve and supporting the needs of the hotels by thorough analysis and application of data and analytics. The World of Hyatt loyalty program and the company's digital platforms are also key components of building loyalty and driving revenue. The loyalty program focuses on deepening relationships with members, driving repeat stays, guest satisfaction, recognition, and differentiated services and experiences for the company's most loyal guests. The company's digital platforms are its primary distribution channels providing guests, customers, and members with an efficient source of information about its hotels, distinct brand experiences, and a seamless booking experience. With a combined focus on increasing brand awareness, building a community of loyalists, and enhancing digital engagement through personalized experiences, the company's marketing is aimed at Hyatt becoming the most preferred hospitality brand.
Reservation Systems and Global Care Centers
The company has a proprietary central reservation system that provides a comprehensive view of inventory while allowing for local management of rates based on demand. Through this system, the company is able to allow bookings and subsequent maintenance of bookings by hotels directly, via telephone through its global care centers, by travel agents, by corporate clients, and through digital platforms. The company is in the process of migrating to a new central reservation system. The new system is designed to make the guest search and booking process even smoother and increase visibility for property availability through flexible calendar search, an enhanced rooms rates and view, and an efficient booking process.
The company has 15 global care centers that service its global guest, customer, and loyalty member base 24 hours a day, seven days a week. Hyatt operates call center services in the United States and collaborates with third-party call centers in the United States, Latin America, the Caribbean, and Asia to serve all-inclusive resorts, as well as ALG Vacations and the Unlimited Vacation Club business that it manages. Hyatt utilizes both proprietary and third-party booking engines, and reservations are managed through a central reservations system. While the company continues to provide full reservation services via telephone through these global care centers, it continues to make significant investments in internet booking capabilities, as well as an online chat communication function on hyatt.com and mobile platforms. The company also continues to enhance the services and capabilities of its global care centers to better align with evolving technology and guest preference. Some of the rooms at hotels and resorts the company manages, franchises, or provides services to are booked through internet travel intermediaries or online travel service providers. The company also engages third-party intermediaries who collect fees by charging its hotels and resorts a commission on room revenues, including travel agencies, travel distribution providers, and meeting and event management companies.
World of Hyatt Loyalty Program
Inspired by its purpose, the award-winning World of Hyatt loyalty program aims to build community and engagement with high-end travelers. The program generates substantial repeat guest business by rewarding frequent stays with points that can be redeemed for hotel nights and other valuable rewards. Loyalty program members enjoy additional benefits and awards as they reach Milestone Rewards and advance through the three elite tiers based on qualifying nights or base points in a calendar year.
Members earn points based on their spend at the company's properties and through its experience platform; by transacting with its strategic loyalty alliances, including American Airlines and Peloton; or in connection with spend on the World of Hyatt co-branded consumer and business credit cards. Loyalty program points can be redeemed at properties across the company's brands, converted into airline miles with numerous participating airlines, and redeemed with its strategic loyalty alliances and other third parties.
As of December 31, 2024, World of Hyatt had approximately 53.5 million members. During 2024, member stays represented approximately 45% of total system-wide room nights, excluding the company's all-inclusive properties.
Unlimited Vacation Club
The Unlimited Vacation Club is a paid membership program that provides its members with preferred rates and benefits exclusively at participating Hyatt branded all-inclusive resorts primarily within Latin America and the Caribbean. Through a variety of membership levels, members purchase the right to receive certain benefits, which may include preferred rates on future reservations, free hotel nights, discounts on spa and other hotel offerings, and special benefits with third-party travel alliances.
During the year ended December 31, 2024, the company completed a restructuring of the entity that owns the Unlimited Vacation Club paid membership program business and sold 80% of the entity to an unrelated third party.
Competition
The company's residential units compete with peer-to-peer inventory sources that allow travelers to book stays on websites that facilitate the short-term rental of homes and apartments from owners, such as Airbnb, Vrbo, and Vacasa. Additional sources of competition include large companies that offer online travel services as part of their business model, such as Alibaba.
Seasonality
The periods during which the company's properties experience higher revenues vary from property to property, depending principally on location, the customer base served, and potential impacts due to the timing of certain holidays.
History
Hyatt Hotels Corporation was founded in 1957. It was incorporated in 2004.
