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Year Amount
1972 HK$ 285,595
1973 HK$ 372,290
1974 HK$ 363,948
1975 HK$ 448,656
1976 HK$ 2,532,531
1977 HK$ 2,752,146
1978 HK$ 2,361,955
1979 HK$ 2,177,055
1980 US$ 1,921,907
1981 US$ 2,300,788
1982 US$ 2,990,913
1983 US$ 3,227,881
1984 US$ 4,681,778
1985 US$ 4,309,759
1986 US$ 5,934,852
1987 US$ 6,519,779
HCS maintained sales and marketing offices in several major
cities, including Frankfurt, London, New York, Chicago, Los
Angeles, Tokyo, Hong Kong, and Singapore.
Hyatt Domestic and the Hyatt International group provided
chain services (i.e., marketing, sales, and reservations) for the
benefit of each other’s hotels. On or about January 25, 1974,
Hyatt Domestic and HIC agreed to charging for the chain services
between domestic and international Hyatt hotels. Hyatt Domestic
was to provide a certain amount of chain services for the Hyatt
International, to be negotiated annually. For the services it
9(...continued)
consolidated financial statements of HCS and its subsidiaries,
HCS GmbH and Hyatt Reservations SARL. The certified public
accountants who prepared the first consolidated statement
indicated that prior years’ comparative statements were
unnecessary because “The effect * * * is not material”.
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