The Great Recession directly hit a broad swath of middle and upper-middle income folks because of the way it cratered home prices. A new global recession seems like it may disproportionately target the middle class and working poor, which would have less of an effect on Hyatt's bottom line (if anything, the other hotel chains ((Choice. Wyndham, etc.)) might be more pressured in that scenario to preserve or enhance the benefits of their own programs to bring up to whatever standard Hyatt is currently setting.)

Just my 2 cents!