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Hyatt tied part of a top executive’s pay to one of the hotel industry’s elusive goals — getting more guests to book directly — and the bet paid out zero.
The gamble, disclosed Thursday in Hyatt’s annual proxy statement, offers an unusually detailed window into how the company is linking C-suite pay to its biggest strategic bets.
Mark Vondrasek, the chief commercial officer, was incentivized from 2022 to 2025 to increase the share of direct bookings each year. That didn’t happen, and he didn’t get the payout of a special stock-based award.
Hyatt tied part of another executive’s compensation to the performance of lifestyle hotels, with mixed results.
Here are details on five things that jumped out from Hyatt’s filing.
Bet on Direct Bookings
In late 2022, Vondrasek received a special share grant, half of which hinged on increasing the percentage of reservations flowing through Hyatt’s own site and app each year through 20
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