Join Date: Dec 2006
Location: Pacific Northwest
Programs: UA Gold 1MM, AS Plat, AA EP, Bonvoy Plat, Hilton Dia, Hyatt Glob, IHG Plat, ...
Posts: 21,420
Google “Hyatt asset light strategy”
They own some but the (vast?) majority is owned by others. They manage some that they don’t own, but not all.