2. HYATT HOTELS CORPORATION
TYPE PUBLIC
INDUSTRY HOSPITALITY
FOUNDED 1957
HEADQUARTERS HYATT CENTER CHICAGO, ILLINOIS,US
KEY PEOPLE THOMAS JAY PRITZKER (EXECUTIVE
CHAIRMAN)
MARK S. HOPLAMAZIAN (PRESIDENT &
CEO)
PRODUCT HOTELS
REVENUES US $ 10.97 BILLION (2012)
NET INCOME US $ 188 BILLION (2012)
NUMBER OF EMPLOYEES 1,775,008 (2013)
4. • The original owners were - Hyatt Robert Von Dehn and Jack Dyer
Crouch
• Von Dehn sold his share in the hotel to entrepreneur Jay Pritzker
• Jay's younger brother Donald Pritzker also took on an important role in
the company.
• 1969- Hyatt opened its first hotel outside the United States, the Hyatt
Regency Hong Kong
• 1980- The Grand Hyatt and Park Hyatt brands were introduced & it
also runs resort hotels, starting with the Hyatt Regency Maui
• 2004- Substantially all of the hospitality assets owned by Pritzker
family business interests, including Hyatt Corporation and Hyatt
International Corporation, were consolidated under a single entity
called Global Hyatt Corporation.
• 2004-Hyatt Hotels Corporation acquired AmeriSuites
• The AmeriSuites chain was rebranded and called Hyatt Place.
5. • 2005 - Hyatt acquired limited service company Summerfield Suites
from the Blackstone Group
• 2007- Hyatt launched the Andaz brand . The first Andaz hotel was
The Great Eastern Hotel in London, followed by hotels in San
Diego, West Hollywood, Shanghai and New York City (Andaz Wall
Street & Andaz 5th Avenue)
• 2009 - It was reported that Hyatt Hotels Corporation filed plans
to raise up to $1.15 billion in an initial share sale. In that year
Hyatt completed an initial public offering and began trading
publicly on the New York Stock Exchange under the
symbol H.
• According to the filing Mark S. Hoplamazian was to serve
as CEO and Thomas Pritzker as Executive Chairman.
6. • 2009- Global Hyatt Corporation changed its name to Hyatt Hotels
Corporation.
• 2011-Hyatt acquired Hotel Sierra, which has 18 properties in 10 states.
• 2012- Along with Hyatt Summerfield Suites hotels, several of those
properties were rebranded as Hyatt house in January.
• 31 December 2014- Hyatt Corporation's worldwide portfolio consisted
of 587 properties.
• 2013- Hyatt introduced their first all-inclusive resort brands, Ziva and
Hyatt Zilara.
• 2015- Hyatt Ziva and Hyatt Zilara offer all inclusive accommodations in
Cancun, Puerto Vallarta, Los Cabos and Rose Hall, Montego Bay,
Jamaica. October 28, 2015, Hyatt announced that they were in
advanced talks to acquire Starwood Hotels in a cash and stock
transaction.
9. Hyatt's flagship
hotel brand that are
mid to large scaled
premium hotels
Residential luxury Hyatt
hotels, mid-sized hotels in
cities considered premier
destinations
Hotels are upscale
lifestyle boutique-style
hotels
Hotels are smaller full-
service hotels with 150
to 350 rooms located
close to major business
centers
Hotels are large luxury
hotels in major cities
and holiday
destinations.
Hotels are all-
inclusive resorts
Properties are extended-
stay residential hotels and
smaller-to-mid-sized modern
hotels in urban and suburban
locations in the United States
A new, full service lifestyle
brand designed for
business and leisure
travelers.
Hotels are mid-sized hotels catering
for family and business travelers, in
urban, airport and suburban areas
10. MARKET EXPANSION STRATEGY
• Hyatt Hotels tries to expand the presence of all its brands in
attractive markets worldwide
• Concentrating on locations
• Increasing the number of hotels
• Conversion of existing hotels
• Development of new hotels
• Focusing on Franchising
• Providing a lower price point than full service hotel alternatives
• Acquiring other brands or hospitality management to expand its
presence
14. UPSCALE SELECT SERVICE
• Upscale select service hotel category experienced significant growth
until 2011.
• Hotel chains with various category services were actively growing by
increasing their hotel capacity. Eg; courtyard had increased its hotel
capacity from 99,669 rooms in 2006 to 1,31,069 rooms in 2011 and was
11th among the top world wide hotel brands with greater number of
rooms.
• Services are often chosen for their place utility. Closer to the customer
means higher probability of purchase.
• Most of the Hyatt hotels are located very close to the airports.
15. COURTYARD BY MARRIOTT VS HYATT.
• Invested $2billion in mid 1980’s.Now courtyard by Marriott is having
800 hotels..
• The first courtyard was opened in 1983, after 3 years of research and
planning by Marriott.
• In 1969, Hyatt opened its first hotel outside the United States, the
Hyatt Regency Hong Kong
• As of 30 November 2015 Hyatt had over 627 hotels worldwide.
16. RECENT ACTIVITY
Leadership
• Announced Patrick J. Grismer as new CFO, effective March 14,
2016
Share Repurchase
• Repurchased approximately $715M in FY’15 and approximately
$39M year-to-date
• Approximately $340M remaining under the Company’s share
repurchase authorization
12
17. Brands
• Introduced Hyatt Centric, a full service lifestyle brand
• Hyatt Centric The Loop Chicago and Hyatt Centric South Beach
Miami opened in 2Q’15
• First dual-branded Hyatt Place and Hyatt House opened in
Charleston, S.C. in 3Q’15