There has been some confusion in the hospitality industry regarding whether Marriott Vacation Club owns Hyatt. While both hotel chains are renowned for their luxury offerings, they are independent companies with no ownership ties.
Marriott Vacation Club is a timeshare company that operates under the Marriott International umbrella. It was founded in 1984 and has since grown to include over 60 resorts worldwide, offering vacation ownership opportunities to its members. Marriott Vacation Club properties offer spacious villas, top-notch amenities, and a range of activities to suit every traveler’s needs.
Hyatt, on the other hand, is a global hospitality company that operates over 900 hotels in more than 65 countries. It was founded in 1957 and has since become one of the world’s most recognized hotel brands. Hyatt offers a variety of lodging options, from luxury resorts to budget-friendly hotels.
While both Marriott Vacation Club and Hyatt operate under the broader hospitality industry umbrella, there is no ownership relationship between them. They are two distinct companies with their own unique identities and business models.
To give you a clearer picture of their differences and similarities, let’s take a closer look at some of the key areas:
Ownership Structure
Marriott Vacation Club is owned by Marriott Vacations Worldwide Corporation (MVW), which is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol VAC. On the other hand, Hyatt Hotels Corporation is also publicly traded on NYSE under H ticker symbol.
Brands & Properties
Marriott Vacation Club operates several brands such as Sheraton Hotels & Resorts, Westin Hotels & Resorts, Ritz-Carlton Hotels & Resorts among others. Its properties include resorts such as Marriott’s Maui Ocean Club and Marriott’s Harbour Lake located throughout various locations in North America, Europe and Asia Pacific regions.
Hyatt Hotel Corporation encompasses multiple brands such as Hyatt Regency, Park Hyatt, Andaz and many more. It has a diverse range of properties located in different parts of the world, including urban centers and remote destinations.
Membership Programs
Marriott Vacation Club offers vacation ownership opportunities through its points-based program, Marriott Bonvoy Vacation Club. Members can use their points to book stays at any of the Marriott Vacation Club resorts worldwide or exchange them for stays at other Marriott properties.
Hyatt, on the other hand, operates a loyalty program called World of Hyatt. Members can earn points for their stays at any of the Hyatt hotels and use them for free nights or other experiences.
In conclusion, while both Marriott Vacation Club and Hyatt are leaders in the hospitality industry with their unique offerings and services, they are two independent companies with no ownership ties. It’s important to remember that each company has its own brand identity and business model that sets them apart from one another.