Whereas designer handbags and jewelry used to be status symbols, Mr. Sachs says that now it is all about authentic, individual experiences. Especially Sir Hyatt. Sir Hyatt is the name of the darling little dog -- and fulltime Hyatt employee -- who calls the Hyatt LAX his home. "Sir Hyatt fit our profile perfectly, as he is well-tempered, not intimidated by traffic in the lobby, is approachable, and is very loving." Best of all, from his point of view, Sir Hyatt can wear his fur any way he prefers.

Source: Forbes October 30, 2018 18:45 UTC