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| Name | Why Marriott, Hilton and Hyatt Don’t Actually Own Most of Their Hotels | WSJ The Economics Of |
| Video Uploader | Video From The Wall Street Journal |
| Upload Date | This Video Uploaded At 03-04-2024 10:00:38 |
| Video Discription | When guests stay at a hotel chain like Marriott, Hilton or Hyatt, these companies don’t typically own the property. They may not even run it. So what is happening in the hotel industry and what benefits are smaller companies receiving from these “flags” in the industry? WSJ explains why hotel companies like Marriott and Hilton actually own less than 1% of their properties and why hotel owners like MCR Hotels choose to fly a flag or go independent. Chapters: 0:00 The hotel industry 1:30 Franchise model 2:47 Pricing hotel rooms 4:28 Loyalty programs 5:25 Independent hotels and branding The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. 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/3PLS0T6 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/4aFZFds #Travel #Hotels #WSJ |
| Category | News & Politics |
| Tags | hotels | marriott | hilton | hyatt | hotel industry | hotel economics | wsj | economics of | hotel business model | hospitality industry | hospitality company | marriott news | hilton news | hyatt news | mcr hotels | real estate business | commodify | Franchise model | hotel chains | svc | aple | balance sheet | franchise fees | hotel room rates | hotel pricing | revenue manager | expedia | booking.com | loyalty programs | hotel points | independent hotel | luxury hotel | w hotel | hotel amenity | airbnb | bnss |
