How the Hyatt Hotel Empire began and developed since 1957

  • At the end of January, Hyatt released A declaration announcing the planned opening of 50 new hotels and resorts in the Americas by the end of 2020 – and 140 more by 2022.
  • The company is particularly focused on growth in the luxury sector.
  • Currently, the Hyatt has 20 brands, over 875 properties and over 139,000 colleagues– and the founding family is one of the richest families in the world, with 11 billionaires in total.
  • The chain has been around for 62 years – the first Hyatt store was bought on a whim by a businessman in 1957.
  • Visit the Business Insider homepage for more stories.

At present, there are more than 200,000 Hyatt hotel rooms.

These rooms span 20 brands and 875 properties and are supported by 100,000 employees worldwide – and there will soon be many more.

End of January, Hyatt Hotels Corporation announcement the planned opening of 50 new hotels and resorts in the Americas by the end of 2020 – and an addition of 140 in 2022. In December, Hyatt has announced that more than 20 new luxury hotels are expected to open around the world by the end of 2020.

The Park Hyatt, the chain’s leading luxury brand, is celebrating its 40th anniversary this year. But the very first Hyatt was purchased more than a decade before Park Hyatt was founded in 1957, when a affluent Chicago lawyer took a business trip to Los Angeles that prompted him to purchase the hotel closest to the airport, mostly on a whim.

Today, his family is one of the richest in the world, with 11 billionaires in total – nine of whom are on the 2019 Forbes 400 List of the richest people in America.

“Hyatt remains focused on the thoughtful growth of our portfolio of full-service brands and select services in the Americas region, as well as the growth and management of our core hotel business: development, management and franchise. full-service and select-service hotels, while being top-notch, ”Pete Sears, Hyatt Group president of the Americas, told Business Insider US in an email.

Read on for a closer look at the history of the Hyatt hotel empire.

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