Hyatt's Chief Commercial Officer Misses Stock Award Target as Direct Bookings Fall Short of Goals
🏨 Mark Vondrasek, Hyatt's chief commercial officer, missed his stock-based award target for direct bookings through Hyatt's site and app between 2023 and 2025. This reflects the ongoing struggle of major hotel groups against online travel agencies. Hilton's "Stop Clicking Around" campaign, launched 10 years ago, spent nearly $100 million across 18 countries to encourage direct bookings. OTA bookings reduce operating margins, whereas direct bookings provide valuable data and increase guest spending.
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