Hyatt Hotels Corporation plans on selling off up to $2 billion worth of its real estate assets — mimicking a business strategy implemented by its competitors Marriott and Hilton years ago.
WSJ sits down with the hospitality company’s CEO Mark Hoplamazian for an extended interview to discuss why Hyatt jumped onto the asset-light strategy, and what this means for the company's future.
Chapters:
0:00 Focus on luxury
0:25 Hyatt’s shifting business model
4:25 Risks in the transition
6:03 Operating costs
9:44 Airbnb vs. hotels
Hyatt is smaller than its hotel chain competitors. So how did it get to be the most expensive? Watch the Economics of Hyatt: https://on.wsj.com/3xplJuQ
How did Marriott become the largest hotel chain, with over 30 brands? Marriott’s CFO explains why this is just the beginning for the hospitality giant: https://on.wsj.com/3J4RhZy
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