A pedestrian walk sign is illuminated next to the Grand Hyatt New York hotel in New York, U.S., on Friday, Feb. 8, 2019. The Grand Hyatt New York, the Manhattan hotel that launched Donald Trump's career as a real estate developer, is being redeveloped by an investor group that plans to demolish the existing structure and replace it with a massive mixed-use building. Photographer: Mark Abramson/Bloomberg
Maybe home sharing isn’t the next big thing for hotel companies after all.
Hyatt Hotels Corp, which has invested in home-sharing startups Onefinestay and Oasis Collections, saw a difficult path to profitability in the business, chief executive officer Mark Hoplamazian said during an earnings call on May 2. Hyatt, which sold its stakes in both startups, doesn’t plan to get back into the business.
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