Skift Take
While many hoteliers are dismissive of the sharing economy, Hyatt and Hilton Worldwide are either learning from it or at least taking a balanced view about the trend. Don't expect either to rent out couches anytime soon, though.
The CEOs of Hyatt and Hilton Worldwide are as miffed as any of their peers about sharing economy companies skirting local regulations but they are both embracing some of the positives of the trend.
In fact, Hyatt has even become an investor in onefinestay, which rents owners' upscale vacation homes, although the amount hasn't been disclosed.
Onefinestay disclosed nearly $16 million in two rounds through 2012, and the Wall Street Journal reports that the London-based vacation rental site completed a $40 million round toward the end of 2014 with Hyatt as one of the investors.
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