Originally Posted by WasKnown

Hyatt's financial position doesn't matter IMO. World of Hyatt will be gutted eventually (the same as all). The biggest driver of their top line is M&F vs. O&L properties. As this portfolio of franchised hotels grow, so too will the need for WoH's differentiation diminish as will Hyatt's ability to control rogue franchisees. We should enjoy things while we can and accept things when they go.

Originally Posted by WasKnown

I find it very unlikely we ever shift to world where hotel chains once again begin buying assets heavily. Even Hyatt's strategy is entirely around F&M over O&L.