Hyatt Hotels Corporation, commonly known as Hyatt, is an American multinational hospitality company. It was founded in 1957 by Jay Pritzker and is headquartered in Chicago, Illinois. Hyatt operates, manages, franchises, and owns luxury hotels, resorts, and vacation properties worldwide.

The company offers diverse products and services tailored to the needs of a global clientele. It operates under various brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Place, Hyatt House, Andaz, Hyatt Centric, and the Unbound Collection by Hyatt. These brands cater to different market segments, providing a range of options from luxury to boutique hotels.

Hyatt has a strong global presence, with hotels in more than 60 countries across six continents. The company also has a significant number of international subsidiaries, joint ventures, and partnerships. One notable example is its joint venture with NH Hotel Group, which increased Hyatt's presence in Europe and the Middle East.

Additionally, Hyatt has partnerships with several airlines and travel companies, offering loyalty programs and benefits to customers. In terms of market position, Hyatt is one of the leading hospitality brands globally. As of 2020, it had over 900 properties worldwide and a total room count of approximately 220,000.

In terms of global sales, Hyatt generated $4. 1 billion in revenue in 2019. It competes with other major hospitality companies such as Marriott International, Hilton Worldwide, and Accor.

Hyatt's growth strategy has focused on expanding its global footprint through acquisitions, partnerships, and new hotel developments. In recent years, the company has made significant acquisitions, including Two Roads Hospitality and the Alila and Thompson Hotel brands. These additions have strengthened its luxury and lifestyle portfolio.

As of the latest update, Hyatt continues to navigate the challenges posed by the COVID-19 pandemic, which has significantly impacted the hospitality industry. The company has implemented health and safety protocols to ensure the well-being of guests and associates. It has also introduced flexible booking policies and enhanced cleaning procedures across its properties to instill confidence among travelers.

In summary, Hyatt is a prominent player in the global hospitality industry, offering a portfolio of luxury and boutique hotels. With a strong market position and a focus on expansion and innovation, the company continues to adapt and evolve in response to changing customer needs and market dynamics