Hyatt
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries across six continents.
For other uses, see Hyatt (disambiguation).Company type
September 27, 1957
- Hyatt Robert von Dehn
- Jack Dyer Crouch
1,335 hotels; 322,141 rooms (2023)
Worldwide
Thomas Pritzker (Chairman)
Mark Hoplamazian (President and CEO)
US$6.67 billion (2023)
US$305 million (2023)
US$220 million (2023)
US$12.8 billion (2023)
US$3.56 billion (2023)
c. 206,000 (2023)
The Hyatt Corporation came into being upon purchase of the Hyatt House, at Los Angeles International Airport, on September 27, 1957. In 1969, Hyatt began expanding internationally. Hyatt has grown by developing new properties and through acquisitions, with the biggest growth coming from the acquisition of AmeriSuites (later rebranded Hyatt Place) in 2004, Summerfield Suites (later rebranded Hyatt House) in 2005, and Two Roads Hospitality in 2018.[2][3][4]
Partnerships[edit]
In 2018, Hyatt began partnering with some properties in the SLH (Small Luxury Hotels of the World) chain, which allows World of Hyatt members to earn and redeem points during their stays at participating SLH properties.[52]
In 2023, Hyatt announced the acquisition of Mr & Mrs Smith, described as a travel club platform that provides direct booking access to a curated collection of over 1,500 luxury and boutique hotels.[53]
In October 2018, Hyatt announced its purchase of Two Roads Hospitality, a lifestyle hotel management company, for a base purchase price of US$480 million, with Hyatt to take management control of 85 Two Road properties across eight countries. All the hotels had joined the World of Hyatt loyalty programme by 2019.[4]
Loyalty program[edit]
Hyatt operates a loyalty program called World of Hyatt, which replaced Gold Passport on March 1, 2017.[54] This program includes membership tiers of discoverist, explorist, and globalist, and it offers Hyatt members benefits like higher room type upgrades and complimentary breakfast.[55]
Recognition[edit]
Fortune magazine ranked Hyatt #32 on its list of "America's Best Companies to Work For" in 2019,[56] rising to #16 in 2021.[57] The Human Rights Campaign (HRC) has awarded the company 100% in the HRC Equality Index for more than ten years, last in 2020.[58][59]
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