Why Marriott, Hilton and Hyatt Don’t Own Nearly 99% of Their Hotels
Why Marriott, Hilton and Hyatt Don’t Own Nearly 99% of Their Hotels
Two-thirds of U.S. hotels carry the name of a major brand. But companies like Marriott, Hilton and Hyatt don’t own or even run most of the properties. Here’s what’s behind that strategy and what it means for consumers. Photo: Getty Images
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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.
