Hyatt Hotels (H) 10-Q 2 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 27, 2017
Document Information
Entity Registrant Name	Hyatt Hotels Corp
Entity Central Index Key	1,468,174
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Trading Symbol	h
Common Class A
Document Information
Entity Common Stock, Shares Outstanding		47,464,707
Common Class B
Document Information
Entity Common Stock, Shares Outstanding		74,123,330

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REVENUES:
Owned and leased hotels	$ 518	$ 519	$ 1,667	$ 1,594
Management and franchise fees	122	110	374	332
Other revenues	16	11	53	31
Other revenues from managed properties	463	448	1,407	1,385
Total revenues	1,119	1,088	3,501	3,342
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Owned and leased hotels	409	402	1,266	1,204
Depreciation and amortization	92	87	274	254
Other direct costs	9	8	34	23
Selling, general, and administrative	89	74	278	237
Other costs from managed properties	463	448	1,407	1,385
Direct and selling, general, and administrative expenses	1,062	1,019	3,259	3,103
Net gains and interest income from marketable securities held to fund operating programs	12	12	37	20
Equity earnings (losses) from unconsolidated hospitality ventures	1	25	(1)	46
Interest expense	(20)	(20)	(61)	(57)
Gains (losses) on sales of real estate	0	0	34	(21)
Other income (loss), net	(19)	4	23	1
INCOME BEFORE INCOME TAXES	31	90	274	228
PROVISION FOR INCOME TAXES	(14)	(28)	(100)	(65)
NET INCOME	17	62	174	163
NET INCOME AND ACCRETION ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	0	(1)	0
NET INCOME ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ 16	$ 62	$ 173	$ 163
EARNINGS PER SHARE—Basic
Net income—Basic (in dollars per share)	$ 0.14	$ 0.48	$ 1.38	$ 1.22
Net income attributable to Hyatt Hotels Corporation—Basic (in dollars per share)	0.13	0.48	1.37	1.22
EARNINGS PER SHARE—Diluted
Net income—Diluted (in dollars per share)	0.14	0.47	1.37	1.21
Net income attributable to Hyatt Hotels Corporation—Diluted (in dollars per share)	$ 0.13	$ 0.47	$ 1.36	$ 1.21

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 17	$ 62	$ 174	$ 163
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax expense of $- for the three and nine months ended September 30, 2017 and September 30, 2016	11	(12)	71	3
Unrealized (losses) gains on available-for-sale securities, net of tax (benefit) expense of $(7) and $21 for the three and nine months ended September 30, 2017, respectively, and $(5) and $- for the three and nine months ended September 30, 2016, respectively	(12)	(8)	33	0
Unrealized gains on derivative activity, net of tax expense of $- for the three and nine months ended September 30, 2017 and September 30, 2016	1	0	1	0
Other comprehensive income (loss)	0	(20)	105	3
COMPREHENSIVE INCOME	17	42	279	166
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	(1)	0	(1)	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ 16	$ 42	$ 278	$ 166

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income Parentheticals - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, net of tax expense	$ 0	$ 0	$ 0	$ 0
Unrealized gains on available-for-sale securities, net of tax expense	(7)	(5)	21	0
Unrealized gains on derivative activity, net of tax expense	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 383	$ 482
Restricted cash	224	76
Short-term investments	56	56
Receivables, net of allowances of $21 and $18 at September 30, 2017 and December 31, 2016, respectively	360	304
Inventories	15	28
Prepaids and other assets	150	153
Prepaid income taxes	80	40
Total current assets	1,268	1,139
Investments	199	186
Property and equipment, net	4,243	4,270
Financing receivables, net of allowances	19	19
Goodwill	152	125
Intangibles, net	682	599
Deferred tax assets	298	313
Other assets	1,000	1,098
TOTAL ASSETS	7,861	7,749
CURRENT LIABILITIES:
Current maturities of long-term debt	352	119
Accounts payable	151	162
Accrued expenses and other current liabilities	564	514
Accrued compensation and benefits	133	129
Total current liabilities	1,200	924
Long-term debt	1,444	1,445
Other long-term liabilities	1,550	1,472
Total liabilities	4,194	3,841
Commitments and contingencies
Redeemable noncontrolling interest in preferred shares of a subsidiary	10	0
EQUITY:
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized and none outstanding at September 30, 2017 and December 31, 2016	0	0
Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 47,426,878 issued and outstanding at September 30, 2017, and Class B common stock, $0.01 par value per share, 406,117,742 shares authorized, 74,123,330 shares issued and outstanding at September 30, 2017. Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 39,952,061 issued and outstanding at December 31, 2016, and Class B common stock, $0.01 par value per share, 422,857,621 shares authorized, 9	1	1
Additional paid-in capital	1,156	1,686
Retained earnings	2,666	2,493
Accumulated other comprehensive loss	(172)	(277)
Total stockholders’ equity	3,651	3,903
Noncontrolling interests in consolidated subsidiaries	6	5
Total equity	3,657	3,908
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND EQUITY	$ 7,861	$ 7,749

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheet Parentheticals - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Allowance for doubtful accounts receivable, current	$ 21	$ 18
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common Class A
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares, outstanding (in shares)	47,426,878	39,952,061
Common stock, shares, issued (in shares)	47,426,878	39,952,061
Common Class B
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	406,117,742	442,857,621
Common stock, shares, outstanding (in shares)	74,123,330	90,863,209
Common stock, shares, issued (in shares)	74,123,330	90,863,209

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 174	$ 163
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	274	254
Equity losses (earnings) from unconsolidated hospitality ventures and distributions received	27	(21)
(Gains) losses on sales of real estate	(34)	21
Realized losses from marketable securities	40	0
Working capital changes and other	(31)	(66)
Net cash provided by operating activities	450	351
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments	(365)	(365)
Proceeds from marketable securities and short-term investments	364	373
Contributions to investments	(67)	(31)
Return of investments	200	78
Acquisitions, net of cash acquired	(259)	(331)
Capital expenditures	(212)	(140)
Proceeds from sales of real estate, net of cash disposed	296	289
Sales proceeds transferred to escrow as restricted cash	(267)	0
Sales proceeds transferred from escrow to cash and cash equivalents	98	29
Other investing activities	(16)	4
Net cash used in investing activities	(228)	(94)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt, net of issuance costs of $- and $4, respectively	620	520
Repayments of debt	(391)	(435)
Repurchase of common stock	(555)	(268)
Proceeds from redeemable noncontrolling interest in preferred shares of a subsidiary	9	0
Other financing activities	(4)	(2)
Net cash used in financing activities	(321)	(185)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	15
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(99)	87
CASH AND CASH EQUIVALENTS—BEGINNING OF YEAR	482	457
CASH AND CASH EQUIVALENTS—END OF PERIOD	383	544
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	77	73
Cash paid during the period for income taxes	125	74
Non-cash investing and financing activities are as follows:
Change in accrued capital expenditures	19	5
Non-cash management and franchise agreement intangibles	$ 3	$ 38

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows Parentheticals - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Statement of Cash Flows [Abstract]
Debt issuance cost	$ 0	$ 4

Organization

Organization	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	ORGANIZATION Hyatt Hotels Corporation, a Delaware corporation, and its consolidated subsidiaries (collectively "Hyatt Hotels Corporation") provide hospitality services on a worldwide basis through the development, ownership, operation, management, franchising and licensing of hospitality related businesses. We develop, own, operate, manage, franchise, license or provide services to a portfolio of properties consisting of full service hotels, select service hotels, resorts and other properties, including branded spas and fitness studios, and timeshare, fractional and other forms of residential or vacation properties. At September 30, 2017 , (i) we operated or franchised 325 full service hotels, comprising 125,511 rooms throughout the world, (ii) we operated or franchised 369 select service hotels, comprising 51,749 rooms, of which 333 hotels are located in the United States, and (iii) our portfolio included 6 franchised all inclusive Hyatt-branded resorts, comprising 2,401 rooms, and 3 destination wellness resorts, comprising 399 rooms. At September 30, 2017 , our portfolio of properties operated in 57 countries around the world. As used in these Notes and throughout this Quarterly Report on Form 10-Q , (i) the terms "Company," "we," "us" or "our" mean Hyatt Hotels Corporation and its consolidated subsidiaries and (ii) the term "portfolio of properties" refers to hotels and other properties, branded spas and fitness studios, or residential ownership units that we develop, own, operate, manage, franchise, license or provide services to, including under our Park Hyatt, Miraval, Grand Hyatt, Hyatt Regency, Hyatt, Andaz, Hyatt Centric, The Unbound Collection by Hyatt, Hyatt Place, Hyatt House, Hyatt Ziva, Hyatt Zilara, exhale and Hyatt Residence Club brands. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by GAAP for complete annual financial statements. As a result, this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (the " 2016 Form 10-K "). We have eliminated all intercompany accounts and transactions in our condensed consolidated financial statements. We consolidate entities under our control, including entities where we are deemed to be the primary beneficiary. Management believes the accompanying condensed consolidated financial statements reflect all adjustments, which are all of a normal recurring nature, considered necessary for a fair presentation of the interim periods.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Adopted Accounting Standards —In March 2016, the Financial Accounting Standards Board ("FASB") released Accounting Standards Update No. 2016-09 ("ASU 2016-09"), Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . ASU 2016-09 simplifies the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The provisions of ASU 2016-09 were effective for interim periods and fiscal years beginning after December 15, 2016. We adopted ASU 2016-09 on January 1, 2017, which resulted in recognition of excess tax benefits from share-based payment transactions on our condensed consolidated statements of income and within operating activities on our condensed consolidated statements of cash flows, on a prospective basis. ASU 2016-09 did not materially impact our condensed consolidated financial statements and prior periods have not been adjusted. Future Adoption of Accounting Standards —In May 2014, the FASB released Accounting Standards Update No. 2014-09 ("ASU 2014-09"), Revenue from Contracts with Customers (Topic 606) . ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, Revenue Recognition , and provides a single, comprehensive revenue recognition model for contracts with customers. Subsequently, the FASB issued several related ASUs which further clarify the application of the standard. In August 2015, the FASB released Accounting Standards Update No. 2015-14 ("ASU 2015-14"), Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . ASU 2015-14 delays the effective date of ASU 2014-09 by one year, making it effective for interim periods and fiscal years beginning after December 15, 2017, with early adoption permitted as of the original effective date under ASU 2014-09. ASU 2014-09 requires entities to recognize revenue when a customer obtains control of a good or a service. Revenues are recognized in an amount that reflects the consideration expected to be received in return for the goods or services. ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The standard permits the use of either the full retrospective or modified retrospective (cumulative effect) transition method. We expect to adopt ASU 2014-09, and all related ASUs, utilizing the full retrospective transition method on January 1, 2018. While we continue to evaluate possible impacts on our condensed consolidated financial statements, ASU 2014-09 and the related ASUs are currently expected to impact either the amount or timing of revenue recognition as follows: • Under existing guidance, gains on sales of real estate are deferred when we maintain substantial continuing involvement and are amortized into management and franchise fee revenues. Upon adoption of ASU 2014-09, gains on sales of real estate will be recognized when control of the property transfers to the buyer. Any remaining unamortized deferred gains at our date of adoption will be included as an adjustment to retained earnings. See Note 9 for the deferred gains on sales of hotel properties at September 30, 2017 and December 31, 2016. For the three and nine months ended September 30, 2017, we recognized $6 million and $17 million , respectively, of management and franchise fee revenues related to the amortization of these deferred gains on our condensed consolidated statements of income. • Under existing guidance, amortization of certain management and franchise agreement intangibles is recorded within depreciation and amortization on our condensed consolidated statements of income. Upon adoption of ASU 2014-09, certain management and franchise agreement intangibles will meet the definition of consideration paid to a customer and therefore, the amortization will be recorded as contra-revenue within management and franchise fee revenues on our condensed consolidated statements of income. For the three and nine months ended September 30, 2017, we recognized $5 million and $13 million , respectively, of amortization expense related to management and franchise agreement intangibles that will meet the definition of consideration paid to a customer upon adoption of ASU 2014-09. • Under existing guidance, incentive fees are recognized in the amount that would be due as if the contract were to terminate at that time. Under ASU 2014-09, variable consideration is included in the transaction price only if it is probable that a significant reversal in the cumulative amount of revenue recognized would not occur when the uncertainty associated with the variable consideration is subsequently resolved. This may result in a different pattern of quarterly recognition for incentive fees for certain contracts. We do not anticipate a material impact to incentive fee recognition on a full year basis. • Under existing guidance, franchise application fees are recognized at a point in time. Upon adoption of ASU 2014-09, franchise application fees will be recognized over time. We do not expect a significant impact on our condensed consolidated financial statements. We do not expect the standard to materially affect the amount or timing of revenue recognition for royalty fees from our franchised properties, base management fees from our managed properties, or revenues from hotel guest transactions at our owned and leased properties. We are continuing to evaluate other possible impacts to our condensed consolidated financial statements, including the impact related to our loyalty and co-branded credit card programs. In January 2016, the FASB released Accounting Standards Update No. 2016-01 ("ASU 2016-01"), Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . ASU 2016-01 revises the accounting for equity investments and the presentation and disclosure requirements for financial instruments. The provisions of ASU 2016-01 are effective for interim periods and fiscal years beginning after December 15, 2017. Upon adoption, the unrealized gains (losses) on our available-for-sale ("AFS") equity securities, specifically on our investment in Playa Hotels & Resorts N.V. ("Playa N.V.") (see Note 4), reported in accumulated other comprehensive loss at December 31, 2017 will be reclassified to retained earnings, and any subsequent changes in fair value will be recognized in net income on our condensed consolidated statements of income. We are continuing to evaluate the other possible impacts of adopting ASU 2016-01. In February 2016, the FASB released Accounting Standards Update No. 2016-02 ("ASU 2016-02"), Leases (Topic 842) . ASU 2016-02 requires lessees to record lease contracts on the balance sheet by recognizing a right-of-use asset and lease liability. The provisions of ASU 2016-02 are to be applied using a modified retrospective approach and are effective for interim periods and fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2016-02 and expect this ASU may have a material effect on our condensed consolidated financial statements. In June 2016, the FASB released Accounting Standards Update No. 2016-13 ("ASU 2016-13"), Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016-13 replaces the existing impairment model for most financial assets from an incurred loss impairment model to a current expected credit loss model, which requires an entity to recognize an impairment allowance equal to its current estimate of all contractual cash flows the entity does not expect to collect. ASU 2016-13 also requires credit losses relating to AFS debt securities to be recorded through an allowance for credit losses. The provisions of ASU 2016-13 are to be applied using a modified retrospective approach and are effective for interim periods and fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2016-13. In October 2016, the FASB released Accounting Standards Update No. 2016-16 ("ASU 2016-16"), Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . ASU 2016-16 requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The provisions of ASU 2016-16 are effective for interim periods and fiscal years beginning after December 15, 2017, with early adoption permitted. ASU 2016-16 requires an entity to adopt the amendments on a modified retrospective basis, recognizing the effects in retained earnings at the beginning of the year of adoption. Upon adoption, we do not expect ASU 2016-16 to have a material impact on our condensed consolidated financial statements. In November 2016, the FASB released Accounting Standards Update No. 2016-18 ("ASU 2016-18"), Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force). Currently, transfers between cash and cash equivalents and restricted cash are included within operating and investing activities on our condensed consolidated statements of cash flows. ASU 2016-18 requires amounts generally described as restricted cash to be included with cash and cash equivalents when reconciling the total beginning and ending amounts for the periods shown on the statements of cash flows. The provisions of ASU 2016-18 are effective for interim periods and fiscal years beginning after December 15, 2017, and are to be applied on a retrospective basis with early adoption permitted. Upon adoption, our restricted cash balances of $224 million and $76 million at September 30, 2017 and December 31, 2016, respectively, will be included in cash, cash equivalents, and restricted cash on our condensed consolidated statements of cash flows. In January 2017, the FASB released Accounting Standards Update No. 2017-01 ("ASU 2017-01"), Business Combinations (Topic 805): Clarifying the Definition of a Business . ASU 2017-01 clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. Generally, our acquisitions of individual hotels are accounted for as business combinations, however, upon adoption of ASU 2017-01, there is an increased likelihood that the acquisitions of individual hotels will be accounted for as asset acquisitions. This standard is effective on a prospective basis, and therefore does not affect the accounting treatment for any previous transactions. The provisions of ASU 2017-01 are effective for interim periods and fiscal years beginning after December 15, 2017. We are continuing to evaluate other potential impacts of adopting ASU 2017-01. In January 2017, the FASB released Accounting Standards Update No. 2017-04 ("ASU 2017-04"), Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . ASU 2017-04 eliminates Step 2 from the impairment test which requires entities to determine the implied fair value of goodwill to measure if any impairment charge is necessary. Instead, entities will record an impairment charge based on the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The provisions of ASU 2017-04 are to be applied on a prospective basis and are effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019, with early adoption permitted. We plan to early adopt ASU 2017-04 on October 1, 2017 in conjunction with our annual goodwill impairment testing.

Equity and Cost Method Investme

Equity and Cost Method Investments	9 Months Ended
	Sep. 30, 2017
Equity And Cost Method Investments [Abstract]
Equity and Cost Method Investments	EQUITY AND COST METHOD INVESTMENTS September 30, 2017 December 31, 2016 Equity method investments $ 175 $ 180 Cost method investments 24 6 Total investments $ 199 $ 186 During the nine months ended September 30, 2017 , an unconsolidated hospitality venture, which is classified as an equity method investment within our owned and leased hotels segment, sold a Hyatt Place hotel. We received proceeds of $4 million and recorded a gain of $2 million in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income. During the three months ended September 30, 2016 , two unconsolidated hospitality ventures, which are classified as equity method investments within our owned and leased hotels segment, each sold a Hyatt Place hotel, for which we received combined proceeds of $7 million . We recorded gains of $5 million in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income. During the three and nine months ended September 30, 2017 , we recorded $3 million of impairment charges. During the three and nine months ended September 30, 2016 , we recorded $2 million and $4 million of impairment charges, respectively. These charges relate to equity method investments and are recorded in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income. The following table presents summarized financial information for all unconsolidated hospitality ventures in which we hold an investment accounted for under the equity method: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Total revenues $ 196 $ 326 $ 649 $ 952 Gross operating profit 80 110 225 312 Income from continuing operations 38 40 36 118 Net income 38 40 36 118

Marketable Securities

Marketable Securities	9 Months Ended
	Sep. 30, 2017
Marketable Securities [Abstract]
Marketable Securities	MARKETABLE SECURITIES We hold marketable securities to fund certain operating programs and for investment purposes. We periodically transfer cash and cash equivalents to time deposits, highly liquid and transparent commercial paper, corporate notes and bonds, U.S. government obligations and obligations of other government agencies for investment purposes. Marketable Securities Held to Fund Operating Programs —Marketable securities held to fund operating programs, which are recorded at fair value and included on our condensed consolidated balance sheets, were as follows: September 30, 2017 December 31, 2016 Loyalty program $ 403 $ 394 Deferred compensation plans held in rabbi trusts (Note 9) 388 352 Captive insurance companies 111 65 Total marketable securities held to fund operating programs $ 902 $ 811 Less current portion of marketable securities held to fund operating programs included in cash and cash equivalents, short-term investments, and prepaids and other assets (155 ) (109 ) Marketable securities held to fund operating programs included in other assets $ 747 $ 702 Net gains and interest income from marketable securities held to fund operating programs on our condensed consolidated statements of income included realized and unrealized gains and losses and interest income related to the following: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Loyalty program $ 1 $ — $ 2 $ 3 Deferred compensation plans held in rabbi trusts 11 12 35 17 Total net gains and interest income from marketable securities held to fund operating programs $ 12 $ 12 $ 37 $ 20 Our captive insurance companies hold marketable securities which are classified as AFS debt securities and are invested in U.S. government agencies, time deposits and corporate debt securities. We classify these investments as current or long-term, based on their contractual maturity dates, which range from 2017 through 2022. Marketable Securities Held for Investment Purposes —Marketable securities held for investment purposes, which are recorded at fair value and included on our condensed consolidated balance sheets, were as follows: September 30, 2017 December 31, 2016 Interest bearing money market funds $ 47 $ 106 Time deposits 47 45 Preferred shares — 290 Common shares 127 — Total marketable securities held for investment purposes $ 221 $ 441 Less current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (94 ) (151 ) Marketable securities held for investment purposes included in other assets $ 127 $ 290 Preferred shares —During the year ended December 31, 2013, we invested $271 million in Playa Hotels & Resorts B.V. ("Playa") for convertible redeemable preferred shares which were classified as an AFS debt security. The fair value of the preferred shares was: 2017 2016 Fair value at January 1 $ 290 $ 335 Gross unrealized gains — 19 Gross unrealized losses (54 ) (7 ) Realized losses (40 ) — Interest income 94 — Cash redemption (290 ) — Fair value at June 30 $ — $ 347 Gross unrealized losses — (13 ) Fair value at September 30 $ — $ 334 In October 2016, Playa redeemed 3,458,530 of our preferred shares plus accrued and unpaid paid in kind ("PIK") dividends thereon for $41 million . In March 2017, Playa completed a business combination with Pace Holdings Corporation ("Pace"), and our preferred shares plus accrued and unpaid PIK dividends were redeemed in full for $290 million . Upon redemption, we recorded $94 million of interest income and $40 million of realized losses in other income (loss), net on our condensed consolidated statements of income. The realized losses were the result of a difference between the fair value of the initial investment and the contractual redemption price of $8.40 per share. Common shares —Prior to the Playa business combination, we accounted for our common share investment in Playa as an equity method investment. As a result of the Playa business combination, Playa N.V. is publicly traded on the NASDAQ and our ownership percentage was diluted to 11.57% . As we no longer have the ability to significantly influence Playa, our investment was recharacterized as an AFS equity security in March 2017. The fair value of the common shares is classified as Level One in the fair value hierarchy as we are able to obtain market available pricing information. The remeasurement of our investment at fair value resulted in unrealized gains recorded in other comprehensive income of $108 million at September 30, 2017 . In conjunction with the Playa business combination, we also received 1,738,806 of founders' warrants to purchase 579,602 additional shares of Playa N.V.'s common stock and 237,110 of earn-out warrants. During the nine months ended September 30, 2017 , we completed a non-cash exchange of the founders' warrants for additional common shares in Playa N.V. Held-to-Maturity Debt Securities —At September 30, 2017 and December 31, 2016 , we had investments in held-to-maturity ("HTM") debt securities of $47 million and $27 million , respectively, which are investments in third-party entities that own certain of our hotels. The amortized costs of our investments approximate fair value and are classified as Level Three in the fair value hierarchy. The securities are mandatorily redeemable between 2020 and 2025. Fair Value —We measured the following financial assets at fair value on a recurring basis: September 30, 2017 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest bearing money market funds $ 93 $ 93 $ — $ — $ — Mutual funds 388 — — — 388 Common shares 127 — — — 127 Level Two - Significant Other Observable Inputs Time deposits 60 — 49 — 11 U.S. government obligations 155 — — 39 116 U.S. government agencies 50 — 3 8 39 Corporate debt securities 184 — 4 37 143 Mortgage-backed securities 21 — — 5 16 Asset-backed securities 42 — — 10 32 Municipal and provincial notes and bonds 3 — — 1 2 Total $ 1,123 $ 93 $ 56 $ 100 $ 874 December 31, 2016 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest bearing money market funds $ 114 $ 114 $ — $ — $ — Mutual funds 352 — — — 352 Level Two - Significant Other Observable Inputs Time deposits 59 — 46 — 13 U.S. government obligations 142 — — 33 109 U.S. government agencies 53 — 9 8 36 Corporate debt securities 181 — 1 35 145 Mortgage-backed securities 22 — — 5 17 Asset-backed securities 34 — — 8 26 Municipal and provincial notes and bonds 5 — — 1 4 Level Three - Significant Unobservable Inputs Preferred shares 290 — — — 290 Total $ 1,252 $ 114 $ 56 $ 90 $ 992 During the three and nine months ended September 30, 2017 and September 30, 2016 , there were no transfers between levels of the fair value hierarchy. We currently do not have non-financial assets or non-financial liabilities required to be measured at fair value on a recurring basis.

Financing Receivables

Financing Receivables	9 Months Ended
	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables	FINANCING RECEIVABLES September 30, 2017 December 31, 2016 Unsecured financing to hotel owners $ 126 $ 119 Less allowance for losses (107 ) (100 ) Total long-term financing receivables, net $ 19 $ 19 Allowance for Losses and Impairments —The following table summarizes the activity in our financing receivables allowance: 2017 2016 Allowance at January 1 $ 100 $ 98 Provisions 4 4 Other adjustments 1 1 Allowance at June 30 $ 105 $ 103 Provisions 1 3 Other adjustments 1 — Allowance at September 30 $ 107 $ 106 Credit Monitoring —Our unsecured financing receivables were as follows: September 30, 2017 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 13 $ — $ 13 $ — Impaired loans (1) 60 (60 ) — 60 Total loans 73 (60 ) 13 60 Other financing arrangements 53 (47 ) 6 47 Total unsecured financing receivables $ 126 $ (107 ) $ 19 $ 107 (1) The unpaid principal balance was $44 million and the average recorded loan balance was $58 million at September 30, 2017 . December 31, 2016 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 13 $ — $ 13 $ — Impaired loans (2) 56 (56 ) — 56 Total loans 69 (56 ) 13 56 Other financing arrangements 50 (44 ) 6 44 Total unsecured financing receivables $ 119 $ (100 ) $ 19 $ 100 (2) The unpaid principal balance was $43 million and the average recorded loan balance was $57 million at December 31, 2016 . Fair Value —We estimated the fair value of financing receivables, which are classified as Level Three in the fair value hierarchy, to be $20 million at September 30, 2017 and $19 million at December 31, 2016 .

Acquisitions and Dispositions

Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisitions and Dispositions	ACQUISITIONS AND DISPOSITIONS Acquisitions Exhale —During the three months ended September 30, 2017 , we acquired the equity of Exhale Enterprises, Inc. ("exhale") from an unrelated third party for a purchase price of $16 million , net of $1 million cash acquired. Assets acquired and recorded within corporate and other primarily include a $9 million brand intangible and $4 million of goodwill, all of which is deductible for tax purposes. Miraval —During the nine months ended September 30, 2017 , we acquired Miraval Group from an unrelated third party. The transaction included the Miraval Life in Balance Spa brand, Miraval Arizona Resort & Spa in Tucson, Arizona, Travaasa Resort in Austin, Texas, and the option to acquire Cranwell Spa & Golf Resort ("Cranwell") in Lenox, Massachusetts. We subsequently exercised our option and acquired approximately 95% of Cranwell during the nine months ended September 30, 2017 . These transactions are collectively referred to as "Miraval." Total cash consideration for Miraval was $237 million . The following table summarizes the fair value of the identifiable net assets acquired in the acquisition of Miraval, which is recorded within corporate and other: Current assets, net of cash acquired $ 1 Property and equipment 173 Indefinite-lived intangibles (1) 37 Management agreement intangibles (2) 14 Goodwill (3) 19 Other definite-lived intangibles (4) 7 Total assets $ 251 Current liabilities $ 12 Deferred tax liabilities 3 Total liabilities 15 Total net assets acquired attributable to Hyatt Hotels Corporation 236 Total net assets acquired attributable to noncontrolling interests 1 Total net assets acquired $ 237 (1) Includes an intangible attributable to the Miraval brand. (2) Amortized over a useful life of 20 years. (3) The goodwill, of which $8 million is deductible for tax purposes, is attributable to Miraval's reputation as a renowned provider of wellness and mindfulness experiences, the extension of the Hyatt brand beyond traditional hotel stays, and the establishment of deferred tax liabilities. (4) Amortized over useful lives ranging from two to seven years. In conjunction with the acquisition of Miraval, a consolidated hospitality venture for which we are the managing member (the "Miraval Venture") issued $9 million of redeemable preferred shares to unrelated third-party investors. The preferred shares are non-voting, except as required by applicable law and certain contractual approval rights, and have liquidation preference over all other classes of securities within the Miraval Venture. The redeemable preferred shares earn a return of 12% and a redemption premium that increases over time depending on the length of time the redeemable preferred shares are outstanding. The preferred shares are redeemable at various time periods at the option of the Miraval Venture starting 12 months from the date of issuance. If not redeemed by the Miraval Venture prior to the two -year anniversary, the preferred shareholders have the option to require redemption of all preferred shares outstanding. The preferred shares are also redeemable upon the occurrence of certain change-in-control events. Under the current terms, the shares are classified as a redeemable noncontrolling interest in preferred shares of a subsidiary, which are presented between liabilities and equity on our condensed consolidated balance sheets and carried at the current redemption value. Royal Palms Resort and Spa —During the three months ended September 30, 2016 , we acquired Royal Palms Resort and Spa in Phoenix, Arizona, from an unrelated third party for a net purchase price of approximately $86 million , net of $2 million of proration adjustments. Due to the iconic nature of the hotel, we retained the Royal Palms Resort and Spa name and added the hotel to The Unbound Collection by Hyatt. Of the $88 million purchase price, assets acquired and recorded in our owned and leased hotels segment consist of $75 million of property and equipment, a $9 million indefinite-lived brand intangible, and $1 million of advanced bookings intangibles. We also recorded $3 million of management agreement intangibles in our Americas management and franchising segment, which are being amortized over a useful life of 20 years. The purchase of Royal Palms Resort and Spa was structured and identified as a replacement property in a potential reverse like-kind exchange agreement, but the allowable period to complete the exchange expired during the first quarter of 2017. The Confidante Miami Beach —During the nine months ended September 30, 2016 , we acquired Thompson Miami Beach for a purchase price of approximately $238 million , from a seller indirectly owned by a limited partnership affiliated with the brother of our Executive Chairman. Of the $238 million purchase price, assets acquired consist of $228 million of property and equipment, which was recorded in our owned and leased hotels segment, and $10 million of management agreement intangibles, which were recorded in our Americas management and franchising segment and are being amortized over a useful life of 20 years . We rebranded this hotel as The Confidante Miami Beach and added the hotel to The Unbound Collection by Hyatt. The purchase of The Confidante Miami Beach was structured and identified as replacement property in a potential reverse like-kind exchange agreement, but the allowable period to complete the exchange expired during the fourth quarter of 2016. Dispositions Hyatt Regency Grand Cypress —During the nine months ended September 30, 2017 , we sold Hyatt Regency Grand Cypress to an unrelated third party for $202 million , net of closing costs and proration adjustments, and entered into a long-term management agreement with the owner of the property. The sale resulted in a pre-tax gain of $26 million , which was deferred and is being recognized in management and franchise fees over the term of the management agreement within our Americas management and franchising segment. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. Proceeds from the sale of Hyatt Regency Grand Cypress are held as restricted for use in a potential like-kind exchange. Hyatt Regency Louisville —During the nine months ended September 30, 2017 , we sold Hyatt Regency Louisville to an unrelated third party for $65 million , net of closing costs and proration adjustments, and entered into a long-term franchise agreement with the owner of the property. The sale resulted in a pre-tax gain of $35 million , which was recognized in gains (losses) on sales of real estate on our condensed consolidated statements of income during the nine months ended September 30, 2017 . The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. Proceeds from the sale of Hyatt Regency Louisville were initially held as restricted for use in a potential like-kind exchange, however, since a suitable replacement property was not identified within the specified 45 day period, the sale proceeds were subsequently released. Land Held for Development —During the nine months ended September 30, 2017 , we sold land and construction in progress for $29 million to an unconsolidated hospitality venture in which we have a 50% ownership interest, with the intent to complete development of a hotel in Glendale, California. The sale resulted in a pre-tax loss of $1 million , which was recognized in gains (losses) on sales of real estate on our condensed consolidated statements of income during the nine months ended September 30, 2017 . Hyatt Regency Birmingham (U.K.) —During the three months ended September 30, 2016 , we sold the shares of the company that owns Hyatt Regency Birmingham (U.K.) to an unrelated third party for approximately $49 million , net of closing costs and proration adjustments and entered into a long-term management agreement with the owner of the property. The sale resulted in a pre-tax gain of $17 million , which was deferred and is being recognized in management and franchise fees over the term of the management agreement, within our EAME/SW Asia management and franchising segment. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. Andaz 5th Avenue —During the nine months ended September 30, 2016 , we sold Andaz 5th Avenue to an unrelated third party for $240 million , net of $10 million of closing costs and proration adjustments and entered into a long-term management agreement with the owner of the property. The sale resulted in a pre-tax loss of $21 million , which was recognized in gains (losses) on sales of real estate on our condensed consolidated statements of income during the nine months ended September 30, 2016 . The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. As a result of certain dispositions, we have agreed to provide customary indemnifications to third-party purchasers for certain liabilities incurred prior to sale and for breach of certain representations and warranties made during the sales process, such as representations of valid title, authority, and environmental issues that may not be limited by a contractual monetary amount. These indemnification agreements survive until the applicable statutes of limitation expire or until the agreed upon contract terms expire. Like-Kind Exchange Agreements Periodically, we enter into like-kind exchange agreements upon the disposition or acquisition of certain hotels. Pursuant to the terms of these agreements, the proceeds from the sales are placed into an escrow account administered by a qualified intermediary. The proceeds are recorded as restricted cash on our condensed consolidated balance sheets and released (i) if they are utilized as part of a like-kind exchange agreement, (ii) if we do not identify a suitable replacement property within 45 days after the agreement date, or (iii) when a like-kind exchange agreement is not completed within the remaining allowable time period.

Intangibles, Net

Intangibles, Net	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles, Net	INTANGIBLES, NET September 30, 2017 Weighted- average useful lives in years December 31, 2016 Management and franchise agreement intangibles $ 635 25 $ 589 Lease related intangibles 126 110 115 Advanced bookings intangibles 12 6 11 Brand and other intangibles (1) 71 11 22 844 737 Accumulated amortization (162 ) (138 ) Intangibles, net $ 682 $ 599 (1) The weighted-average useful life excludes indefinite-lived intangible assets. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Amortization expense $ 8 $ 7 $ 23 $ 20

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt	DEBT Long-term debt, net of current maturities was $1,444 million and $ 1,445 million at September 30, 2017 and December 31, 2016 , respectively. Revolving Credit Facility —During the nine months ended September 30, 2017 , we had borrowings of $620 million and repayments of $380 million on our revolving credit facility. The weighted-average interest rate on these borrowings was 2.13% at September 30, 2017 . At September 30, 2017 and December 31, 2016 , we had $340 million and $100 million outstanding, respectively. At September 30, 2017 , we had $1.2 billion available on our revolving credit facility. Senior Notes —During the nine months ended September 30, 2016 , we issued $400 million of 4.850% senior notes due 2026, at an issue price of 99.920% (the "2026 Notes"). We received net proceeds of $396 million from the sale of the 2026 Notes, after deducting discounts and offering expenses of approximately $4 million . We used a portion of the net proceeds to pay for the redemption of $250 million of 3.875% senior notes due 2016 (the "2016 Notes") (as described below), with the remaining proceeds intended to be used for general corporate purposes. Interest on the 2026 Notes is payable semi-annually on March 15 and September 15 of each year. The 2026 Notes, together with our $196 million of 6.875% senior notes due 2019 (the "2019 Notes"), $250 million of 5.375% senior notes due 2021 (the "2021 Notes"), and $350 million of 3.375% senior notes due 2023 (the "2023 Notes"), are collectively referred to as the "Senior Notes." Debt Redemption —During the nine months ended September 30, 2016 , we redeemed all of our outstanding 2016 Notes, of which an aggregate principal amount of $250 million was outstanding. The redemption price, which was calculated in accordance with the terms of the 2016 Notes and included principal and accrued interest plus a make-whole premium, was $254 million . The make-whole premium was recorded within other income (loss), net on our condensed consolidated statements of income, see Note 17 . Senior Secured Term Loan — During the nine months ended September 30, 2016 , we repaid the senior secured term loan of $64 million related to Hyatt Regency Lost Pines Resort and Spa. Fair Value —We estimated the fair value of debt, excluding capital leases, which consists of our Senior Notes, bonds and other long-term debt. Our Senior Notes and bonds are classified as Level Two due to the use and weighting of multiple market inputs in the final price of the security. We estimated the fair value of other debt instruments using a discounted cash flow analysis based on current market inputs for similar types of arrangements. Based upon the lack of availability of market data, we have classified our revolving credit facility and other debt instruments as Level Three. The primary sensitivity in these calculations is based on the selection of appropriate discount rates. Fluctuations in these assumptions will result in different estimates of fair value. September 30, 2017 Carrying value Fair value Quoted prices in active markets for identical assets (level one) Significant other observable inputs (level two) Significant unobservable inputs (level three) Debt (1) $ 1,797 $ 1,904 $ — $ 1,470 $ 434 (1) Excludes capital lease obligations of $14 million and unamortized discounts and deferred financing fees of $15 million . December 31, 2016 Carrying value Fair value Quoted prices in active markets for identical assets (level one) Significant other observable inputs (level two) Significant unobservable inputs (level three) Debt (2) $ 1,565 $ 1,642 $ — $ 1,450 $ 192 (2) Excludes capital lease obligations of $15 million and unamortized discounts and deferred financing fees of $16 million .

Liabilities

Liabilities	9 Months Ended
	Sep. 30, 2017
Other Liabilities [Abstract]
Liabilities	LIABILITIES September 30, 2017 December 31, 2016 Deferred gains on sales of hotel properties $ 372 $ 363 Deferred compensation plans (Note 4) 388 352 Loyalty program liability 296 296 Guarantee liabilities (Note 11) 110 124 Other 384 337 Total other long-term liabilities $ 1,550 $ 1,472 Accrued expenses and other current liabilities included $149 million and $139 million of liabilities related to our loyalty program at September 30, 2017 and December 31, 2016 , respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The effective income tax rates for the three months ended September 30, 2017 and September 30, 2016 , were 44.5% and 30.2% , respectively. The effective income tax rates for the nine months ended September 30, 2017 and September 30, 2016, were 36.4% and 28.4% , respectively. Our effective tax rates increased for the three and nine months ended September 30, 2017 compared to the three and nine months ended September 30, 2016 , primarily due to the favorable impact related to the reversal of uncertain tax positions in 2016 and the unfavorable impact of the expiration of unexercised Stock Appreciation Rights ("SARs") in the third quarter of 2017 resulting in a reversal of a deferred tax asset. The impact for the three and nine months ended September 30, 2017 is partially offset by increased foreign tax credits recognized on the redemption of our preferred shares in Playa. Unrecognized tax benefits were $92 million and $86 million at September 30, 2017 and December 31, 2016 , respectively, of which $7 million and $5 million , respectively, would impact the effective tax rates if recognized. During the first quarter of 2017, the Internal Revenue Service ("IRS") issued a "Notice of Deficiency" for our 2009 through 2011 tax years. We disagree with the IRS' assessment as it relates to the inclusion of loyalty program contributions as taxable income to the Company. In the second quarter of 2017, we filed a petition with the United States Tax Court for redetermination of the tax liability asserted by the IRS related to our loyalty program. If the IRS' position is upheld, it would result in an income tax liability of $117 million (including $24 million of estimated interest, net of federal tax benefit) for the years under audit that would be primarily offset by a deferred tax asset, and therefore, only the related interest would have an impact on the effective tax rate if recognized. We believe we have adequate tax reserves in connection with this matter.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In the ordinary course of business, we enter into various commitments, guarantees, surety bonds, and letter of credit agreements, which are discussed below: Commitments —At September 30, 2017 , we are committed, under certain conditions, to lend or invest up to $417 million , net of any related letters of credit, in various business ventures. Performance Guarantees —Certain of our contractual agreements with third-party owners require us to guarantee payments to the owners if specified levels of operating profit are not achieved by their hotels. Our most significant performance guarantee relates to four managed hotels in France that we began managing in the second quarter of 2013 ("the four managed hotels in France"), which has a term of seven years , with approximately two and three-quarter years remaining. This guarantee has a maximum cap, but does not have an annual cap. The remaining maximum exposure related to our performance guarantees at September 30, 2017 was $391 million , of which €293 million ( $346 million using exchange rates at September 30, 2017 ) related to the four managed hotels in France. We had total net performance guarantee liabilities of $66 million and $79 million at September 30, 2017 and December 31, 2016 , which included $50 million and $55 million recorded in other long-term liabilities and $16 million and $24 million in accrued expenses and other current liabilities on our condensed consolidated balance sheets, respectively. Performance guarantee expense or income and income from amortization of the guarantee obligation liabilities are recorded in other income (loss), net on our condensed consolidated statements of income, see Note 17 . The four managed hotels in France Other performance guarantees All performance guarantees 2017 2016 2017 2016 2017 2016 Beginning balance, January 1 $ 66 $ 93 $ 13 $ 4 $ 79 $ 97 Initial guarantee obligation liability upon inception — — 3 — 3 — Amortization of initial guarantee obligation liability into income (7 ) (17 ) (2 ) — (9 ) (17 ) Performance guarantee expense (income), net 41 29 (1 ) (2 ) 40 27 Net payments during the period (49 ) (34 ) (1 ) — (50 ) (34 ) Foreign currency exchange, net 6 3 — — 6 3 Ending balance, June 30 $ 57 $ 74 $ 12 $ 2 $ 69 $ 76 Amortization of initial guarantee obligation liability into income (4 ) (8 ) (1 ) — (5 ) (8 ) Performance guarantee expense, net 13 13 1 — 14 13 Net (payments) receipts during the period (16 ) (10 ) 1 1 (15 ) (9 ) Foreign currency exchange, net 3 1 — — 3 1 Ending balance, September 30 $ 53 $ 70 $ 13 $ 3 $ 66 $ 73 Additionally, we enter into certain management contracts where we have the right, but not an obligation, to make payments to certain hotel owners if their hotels do not achieve specified levels of operating profit. If we choose not to fund the shortfall, the hotel owner has the option to terminate the management contract. At September 30, 2017 and December 31, 2016 , there were no amounts recorded on our condensed consolidated balance sheets related to these performance test clauses. Debt Repayment Guarantees —We enter into various debt repayment guarantees related to our unconsolidated hospitality ventures and certain managed or franchised hotels. Typically, we enter into debt repayment guarantees in order to assist hotel owners in obtaining third-party financing or to obtain more favorable borrowing terms. Included within debt repayment guarantees are the following: Property description Maximum potential future payments Maximum exposure net of recoverability from third parties Other long-term liabilities recorded at September 30, 2017 Other long-term liabilities recorded at December 31, 2016 Year of guarantee expiration Hotel property in Washington State (1), (3), (4), (5) $ 215 $ — $ 28 $ 35 2020 Hotel properties in India (2), (3) 184 184 18 21 2020 Hotel property in Brazil (1) 80 40 2 3 2020 Hotel property in Minnesota 25 25 2 2 2021 Hotel property in Arizona (1), (4) 25 — 2 2 2019 Hotel properties in California (1) 31 13 6 6 various, through 2021 Other (1) 20 14 2 — various, through 2021 Total $ 580 $ 276 $ 60 $ 69 (1) We have agreements with our unconsolidated hospitality venture partner, the respective hotel owners or other third parties to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash, financing receivable, or HTM debt security. (2) Debt repayment guarantee is denominated in Indian rupees and translated using exchange rates at September 30, 2017 . We have the contractual right to recover amounts funded from the unconsolidated hospitality venture, which is a related party. We expect our maximum exposure to be $92 million , taking into account our partner’s 50% ownership interest in the unconsolidated hospitality venture. (3) Under certain events or conditions, we have the right to force the sale of the property(ies) in order to recover amounts funded. (4) If certain funding thresholds are met or if certain events occur, we have the ability to assume control of the property . (5) We are subject to a completion guarantee whereby the parties agree to substantially complete the construction of the project by a specified date. In the event of default, we are obligated to complete construction using the funds available from the outstanding loan. Any additional funds paid by us are subject to recovery through a HTM debt security. At September 30, 2017 , the hotel owners are current on their debt service obligations. Guarantee Liabilities Fair Value —We estimated the fair value of our guarantees to be $216 million and $231 million at September 30, 2017 and December 31, 2016 , respectively. Due to the lack of readily available market data, we have classified our guarantees as Level Three in the fair value hierarchy. Insurance —We obtain commercial insurance for potential losses for general liability, workers' compensation, automobile liability, employment practices, crime, property and other miscellaneous coverages. A portion of the risk is retained on a self-insurance basis primarily through U.S. based and licensed captive insurance companies that are wholly owned subsidiaries of Hyatt and generally insure our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses. Losses estimated to be paid within 12 months are $36 million and $30 million at September 30, 2017 and December 31, 2016 , respectively, and are classified within accrued expenses and other current liabilities on our condensed consolidated balance sheets, while losses expected to be payable in future periods are $63 million and $62 million at September 30, 2017 and December 31, 2016 , respectively, and are included in other long-term liabilities on our condensed consolidated balance sheets. At September 30, 2017 , standby letters of credit of $7 million were issued to provide collateral for the estimated claims, which are guaranteed by us. Collective Bargaining Agreements —At September 30, 2017 , approximately 25% of our U.S. based employees were covered by various collective bargaining agreements, generally providing for basic pay rates, working hours, other conditions of employment and orderly settlement of labor disputes. Certain employees are covered by union sponsored multi-employer pension and health plans pursuant to agreements between us and various unions. Generally, labor relations have been maintained in a normal and satisfactory manner, and we believe our employee relations are good. Surety Bonds —Surety bonds issued on our behalf were $25 million at September 30, 2017 and primarily relate to workers’ compensation, taxes, licenses and utilities related to our lodging operations. Letters of Credit —Letters of credit outstanding on our behalf at September 30, 2017 were $267 million , which relate to our ongoing operations, collateral for estimated insurance claims, and securitization of our performance under our debt repayment guarantee associated with the hotel properties in India, which is only called upon if we default on our guarantee. The letters of credit outstanding do not reduce the available capacity under our revolving credit facility. Capital Expenditures —As part of our ongoing business operations, significant expenditures are required to complete renovation projects that have been approved. Other —We act as general partner of various partnerships owning hotel properties subject to mortgage indebtedness. These mortgage agreements generally limit the lender's recourse to security interests in assets financed and/or other assets of the partnership(s) and/or the general partner(s) thereof. In conjunction with financing obtained for our unconsolidated hospitality ventures and certain managed hotels, we may provide standard indemnifications to the lender for loss, liability or damage occurring as a result of our actions or actions of the other unconsolidated hospitality venture owners. We are subject, from time to time, to various claims and contingencies related to lawsuits, taxes and environmental matters, as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. We recognize a liability associated with commitments and contingencies when a loss is probable and reasonably estimable. Although the ultimate liability for these matters cannot be determined at this point, based on information currently available, we do not expect the ultimate resolution of such claims and litigation will have a material effect on our condensed consolidated financial statements.

Equity

Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Equity	EQUITY Stockholders' equity Noncontrolling interests in consolidated subsidiaries Total equity Balance at January 1, 2017 $ 3,903 $ 5 $ 3,908 Net income attributable to Hyatt Hotels Corporation 173 — 173 Other comprehensive income 105 — 105 Contributions from noncontrolling interests — 1 1 Repurchase of common stock (555 ) — (555 ) Directors compensation 2 — 2 Employee stock plan issuance 3 — 3 Share-based payment activity 20 — 20 Balance at September 30, 2017 $ 3,651 $ 6 $ 3,657 Stockholders' Noncontrolling interests Total equity Balance at January 1, 2016 $ 3,991 $ 4 $ 3,995 Net income attributable to Hyatt Hotels Corporation 163 — 163 Other comprehensive income 3 — 3 Repurchase of common stock (268 ) — (268 ) Directors compensation 2 — 2 Employee stock plan issuance 3 — 3 Share-based payment activity 19 — 19 Balance at September 30, 2016 $ 3,913 $ 4 $ 3,917 Accumulated Other Comprehensive Loss Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at September 30, 2017 Foreign currency translation adjustments $ (239 ) $ 11 $ — $ (228 ) Unrealized gains (losses) on AFS securities 78 (12 ) — 66 Unrecognized pension cost (7 ) — — (7 ) Unrealized (losses) gains on derivative instruments (4 ) 1 — (3 ) Accumulated other comprehensive loss $ (172 ) $ — $ — $ (172 ) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (299 ) $ 71 $ — $ (228 ) Unrealized gains on AFS securities 33 33 — 66 Unrecognized pension cost (7 ) — — (7 ) Unrealized (losses) gains on derivative instruments (4 ) 1 — (3 ) Accumulated other comprehensive income (loss) $ (277 ) $ 105 $ — $ (172 ) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (a) Balance at Foreign currency translation adjustments $ (242 ) $ (15 ) $ 3 $ (254 ) Unrealized gains (losses) on AFS securities 47 (8 ) — 39 Unrecognized pension cost (7 ) — — (7 ) Unrealized losses on derivative instruments (5 ) — — (5 ) Accumulated other comprehensive income (loss) $ (207 ) $ (23 ) $ 3 $ (227 ) (a) The amount reclassified from accumulated other comprehensive loss related to the sale of the shares of the company that owns Hyatt Regency Birmingham (U.K.) and was recorded within other long-term liabilities on our condensed consolidated balance sheets. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (a) Balance at Foreign currency translation adjustments $ (257 ) $ — $ 3 $ (254 ) Unrealized gains on AFS securities 39 — — 39 Unrecognized pension cost (7 ) — — (7 ) Unrealized losses on derivative instruments (5 ) — — (5 ) Accumulated other comprehensive income (loss) $ (230 ) $ — $ 3 $ (227 ) (a) The amount reclassified from accumulated other comprehensive loss related to the sale of the shares of the company that owns Hyatt Regency Birmingham (U.K.) and was recorded within other long-term liabilities on our condensed consolidated balance sheets. Share Repurchases — During 2017, 2016 and 2015, our board of directors authorized the repurchase of up to $500 million , $500 million and $400 million , respectively, of our common stock. These repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan, at prices we deem appropriate and subject to market conditions, applicable law and other factors deemed relevant in our sole discretion. The common stock repurchase program applies to our Class A common stock and our Class B common stock. The common stock repurchase program does not obligate us to repurchase any dollar amount or number of shares of common stock and the program may be suspended or discontinued at any time. In March 2017, we entered into an accelerated share repurchase program ("March 2017 ASR") with a third-party financial institution. Under the March 2017 ASR, which was settled during the nine months ended September 30, 2017 , we paid $300 million and received 5,393,669 Class A shares, which were repurchased at a weighted-average price of $55.62 per share. In August 2017, we entered into a separate accelerated share repurchase program ("August 2017 ASR") with a third-party financial institution. Under the August 2017 ASR, we paid $ 100 million and received an initial delivery of 1,401,787 Class A shares, which were repurchased at a price of $ 57.07 per share. This initial delivery of shares represents the minimum number of shares that we may receive under the agreement and was accounted for as a reduction to stockholders’ equity on our condensed consolidated balance sheets. Upon settlement of the August 2017 ASR in the fourth quarter, the total number of shares ultimately delivered is determined based on the volume-weighted-average price of our common stock during the period the ASR is outstanding. At September 30, 2017, the remaining yet to be delivered shares totaled $ 20 million and were accounted for as an equity-classified forward contract. The March 2017 ASR and the August 2017 ASR are collectively referred to as the "2017 ASR Agreements." The delivery of shares under the 2017 ASR Agreements resulted in a reduction in weighted-average common shares outstanding for basic and diluted earnings per share for the three and nine months ended September 30, 2017, see Note 16 . During the nine months ended September 30, 2017 , we repurchased 9,492,729 shares of Class A and Class B common stock, including shares repurchased pursuant to the 2017 ASR Agreements. The shares of common stock were repurchased at a weighted-average price of $56.37 per share for an aggregate purchase price of $535 million , excluding related insignificant expenses. Total shares repurchased during the nine months ended September 30, 2017 represented approximately 7% of our total shares of common stock outstanding at December 31, 2016 . During the nine months ended September 30, 2016 , we repurchased 5,556,424 shares of Class A and Class B common stock. The shares of common stock were repurchased at a weighted-average price of $48.25 per share for an aggregate purchase price of $268 million , excluding related insignificant expenses. The shares repurchased during the nine months ended September 30, 2016 represented approximately 4% of our total shares of common stock outstanding at December 31, 2015 . The shares of Class A common stock repurchased on the open market were retired and returned to the status of authorized and unissued shares while the shares of Class B common stock repurchased were retired and the total number of authorized Class B shares was reduced by the number of shares repurchased, see Note 14. At September 30, 2017 , we had approximately $302 million remaining under the share repurchase authorization.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2017
Share-based Compensation [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION As part of our Long- Term Incentive Plan ("LTIP"), we award SARs, Restricted Stock Units ("RSUs"), Performance Share Units ("PSUs") and Performance Vesting Restricted Stock ("PSs") to certain employees. Compensation expense and unearned compensation presented below exclude amounts related to employees of our managed hotels and other employees whose payroll is reimbursed, as this expense has been and will continue to be reimbursed by our third-party hotel owners and is recorded in other revenues from managed properties and other costs from managed properties on our condensed consolidated statements of income. Stock-based compensation expense included in selling, general, and administrative expense on our condensed consolidated statements of income related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 SARs $ 1 $ 1 $ 10 $ 9 RSUs 3 2 14 13 PSUs and PSs 1 (2 ) 2 (1 ) Total stock-based compensation recorded within selling, general, and administrative expenses $ 5 $ 1 $ 26 $ 21 SARs —During the nine months ended September 30, 2017 , we granted 625,740 SARs to employees with a weighted-average grant date fair value of $16.42 . RSUs — During the nine months ended September 30, 2017 , we granted 483,302 RSUs to employees with a weighted-average grant date fair value of $53.77 . PSUs —During the nine months ended September 30, 2017 , we granted 102,115 PSUs to our executive officers, with a weighted-average grant date fair value of $52.65 . The performance period applicable to such PSUs is a three year period beginning January 1, 2017 and ending December 31, 2019. Our total unearned compensation for our stock- based compensation programs at September 30, 2017 was $6 million for SARs, $19 million for RSUs and $5 million for PSUs and PSs, which will primarily be recorded to compensation expense over the next three years with respect to SARs and RSUs, and over the next two years with respect to PSUs and PSs.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related-Party Transactions	RELATED-PARTY TRANSACTIONS In addition to those included elsewhere in the Notes to our condensed consolidated financial statements, related- party transactions entered into by us are summarized as follows: Leases —Since 2005, we leased space for our corporate headquarters at the Hyatt Center in Chicago, Illinois. A subsidiary of the Company holds a master lease for a portion of the Hyatt Center and entered into sublease agreements with certain related parties. Following the relocation of our corporate headquarters during the three months ended September 30, 2017, we have terminated one of the sublease agreements and expect to terminate the master lease and assign the remaining sublease agreement in the fourth quarter. Legal Services —A partner in a law firm that provided services to us throughout the nine months ended September 30, 2017 and September 30, 2016 , is the brother-in-law of our Executive Chairman. We incurred $2 million and insignificant legal fees with this firm for the three months ended September 30, 2017 and September 30, 2016 , respectively. We incurred $3 million and insignificant legal fees with this firm during the nine months ended September 30, 2017 and September 30, 2016 , respectively. At September 30, 2017 and December 31, 2016 , we had $2 million and insignificant amounts due to the law firm, respectively. Equity Method Investments —We have equity method investments in entities that own properties for which we receive management or franchise fees. We recorded fees of $6 million and $8 million for the three months ended September 30, 2017 and September 30, 2016 , respectively. We recorded fees of $18 million and $22 million for the nine months ended September 30, 2017 and September 30, 2016 , respectively. At September 30, 2017 and December 31, 2016 , we had receivables due from these properties of $11 million and $7 million , respectively. Our ownership interest in these unconsolidated hospitality ventures generally varies from 24% to 70% . In addition, in some cases we provide loans (see Note 5 ) or guarantees (see Note 11 ) to these entities. During each of the three months ended September 30, 2017 and September 30, 2016 , we recorded income related to these guarantees of $1 million . We recorded income related to these guarantees of $4 million and $3 million during the nine months ended September 30, 2017 and September 30, 2016 , respectively. Class B Share Repurchase — During the three and nine months ended September 30, 2017, we repurchased 1,813,459 shares of Class B common stock for a weighted average price of $59.29 per share, for an aggregate purchase price of approximately $107 million . The shares repurchased represented approximately 2% of our total shares of common stock outstanding prior to the repurchase. During the three and nine months ended September 30, 2016, we repurchased 1,881,636 shares of Class B common stock for a weighted average price of $53.15 per share, for an aggregate purchase price of approximately $100 million . The shares repurchased represented approximately 1% of our total shares of common stock outstanding prior to the repurchase. The shares of Class B common stock were repurchased in privately negotiated transactions from trusts for the benefit of certain Pritzker family members and limited partnerships owned indirectly by trusts for the benefit of certain Pritzker family members and were retired, thereby reducing the total number of shares outstanding and reducing the shares of Class B common stock authorized and outstanding by the repurchased share amount. Class B Share Conversion —During the three and nine months ended September 30, 2017 , 10,154,050 shares and 14,926,420 shares of Class B common stock, respectively, were converted on a share-for-share basis into shares of our Class A common stock, $0.01 par value per share. During the three and nine months ended September 30, 2016, 500,000 shares of Class B common stock were converted on a share-for-share basis into shares of our Class A common stock, $0.01 par value per share. The shares of Class B common stock that were converted into shares of Class A common stock have been retired, thereby reducing the shares of Class B common stock authorized and outstanding.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the chief operating decision maker to assess performance and make decisions regarding the allocation of resources. Our chief operating decision maker is our President and Chief Executive Officer. We define our reportable segments as follows: • Owned and leased hotels —This segment derives its earnings from owned and leased hotel properties located predominantly in the United States but also in certain international locations and for purposes of segment Adjusted EBITDA, includes our pro rata share of the Adjusted EBITDA of our unconsolidated hospitality ventures, based on our ownership percentage of each venture. Adjusted EBITDA includes intercompany expenses related to management fees paid to the Company's management and franchising segments, which are eliminated in consolidation. Intersegment revenues relate to promotional award redemptions at our owned and leased hotels related to our co-branded credit card, which are eliminated in consolidation. • Americas management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in the United States, Latin America, Canada and the Caribbean. This segment's revenues also include the reimbursement of costs incurred on behalf of managed hotel property owners and franchisees with no added margin. These costs relate primarily to payroll costs at managed properties where the Company is the employer. These revenues and costs are recorded within other revenues from managed properties and other costs from managed properties, respectively. The intersegment revenues relate to management fees earned from the Company's owned hotels, which are eliminated in consolidation. • ASPAC management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Southeast Asia, as well as Greater China, Australia, South Korea, Japan and Micronesia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed hotel property owners and franchisees with no added margin. These costs relate primarily to reservations, marketing and technology costs. These revenues and costs are recorded within other revenues from managed properties and other costs from managed properties, respectively. The intersegment revenues relate to management fees earned from the Company's owned hotels, which are eliminated in consolidation. • EAME/SW Asia management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, India, Central Asia and Nepal. This segment's revenues also include the reimbursement of costs incurred on behalf of managed hotel property owners and franchisees with no added margin. These costs relate primarily to reservations, marketing and technology costs. These revenues and costs are recorded within other revenues from managed properties and other costs from managed properties, respectively. The intersegment revenues relate to management fees earned from the Company's owned hotels, which are eliminated in consolidation. Our chief operating decision maker evaluates performance based on each segment's revenue and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated hospitality ventures Adjusted EBITDA based on our ownership percentage of each venture, adjusted to exclude interest expense; provision for income taxes; depreciation and amortization; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate and other income (loss), net. The table below shows summarized consolidated financial information by segment. Included within corporate and other are the results of Miraval and exhale, Hyatt Residence Club license fees, results related to our co- branded credit card, and unallocated corporate expenses. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Owned and leased hotels Owned and leased hotels revenues $ 505 $ 519 $ 1,625 $ 1,594 Other revenues — — 13 — Intersegment revenues (a) 3 — 7 — Adjusted EBITDA 104 120 383 400 Depreciation and amortization 75 71 222 211 Americas management and franchising Management and franchise fees revenues 95 90 308 281 Other revenues from managed properties 419 409 1,278 1,266 Intersegment revenues (a) 15 16 58 57 Adjusted EBITDA 82 77 269 242 Depreciation and amortization 5 5 14 14 ASPAC management and franchising Management and franchise fees revenues 27 23 79 67 Other revenues from managed properties 26 24 78 72 Intersegment revenues (a) — 1 1 1 Adjusted EBITDA 17 14 48 38 Depreciation and amortization — — 1 1 EAME/SW Asia management and franchising Management and franchise fees revenues 18 15 51 47 Other revenues from managed properties 18 15 51 47 Intersegment revenues (a) 3 2 7 8 Adjusted EBITDA 11 8 28 24 Depreciation and amortization 1 1 4 4 Corporate and other Revenues 32 12 91 34 Adjusted EBITDA (35 ) (27 ) (93 ) (91 ) Depreciation and amortization 11 10 33 24 Eliminations Revenues (a) (21 ) (19 ) (73 ) (66 ) Adjusted EBITDA 1 — 2 — TOTAL Revenues $ 1,119 $ 1,088 $ 3,501 $ 3,342 Adjusted EBITDA 180 192 637 613 Depreciation and amortization 92 87 274 254 (a) Intersegment revenues are included in the management and franchise fees revenues and owned and leased hotels revenues and in Eliminations. The table below provides a reconciliation of our net income attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Net income attributable to Hyatt Hotels Corporation $ 16 $ 62 $ 173 $ 163 Interest expense 20 20 61 57 Provision for income taxes 14 28 100 65 Depreciation and amortization 92 87 274 254 EBITDA 142 197 608 539 Equity (earnings) losses from unconsolidated hospitality ventures (1 ) (25 ) 1 (46 ) Stock-based compensation expense (Note 13) 5 1 26 21 (Gains) losses on sales of real estate (Note 6) — — (34 ) 21 Other (income) loss, net (Note 17) 19 (4 ) (23 ) (1 ) Pro rata share of unconsolidated hospitality ventures Adjusted EBITDA 15 23 59 79 Adjusted EBITDA $ 180 $ 192 $ 637 $ 613

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The calculation of basic and diluted earnings per share, including a reconciliation of the numerator and denominator, are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Numerator: Net income $ 17 $ 62 $ 174 $ 163 Net income and accretion attributable to noncontrolling interests (1 ) — (1 ) — Net income attributable to Hyatt Hotels Corporation $ 16 $ 62 $ 173 $ 163 Denominator: Basic weighted average shares outstanding 124,010,961 131,917,434 126,399,472 133,672,570 Share-based compensation and equity-classified forward contract 1,396,922 1,146,718 1,315,462 933,563 Diluted weighted average shares outstanding 125,407,883 133,064,152 127,714,934 134,606,133 Basic Earnings Per Share: Net income $ 0.14 $ 0.48 $ 1.38 $ 1.22 Net income and accretion attributable to noncontrolling interests (0.01 ) — (0.01 ) — Net income attributable to Hyatt Hotels Corporation $ 0.13 $ 0.48 $ 1.37 $ 1.22 Diluted Earnings Per Share: Net income $ 0.14 $ 0.47 $ 1.37 $ 1.21 Net income and accretion attributable to noncontrolling interests (0.01 ) — (0.01 ) — Net income attributable to Hyatt Hotels Corporation $ 0.13 $ 0.47 $ 1.36 $ 1.21 The computations of diluted net income per share for the three and nine months ended September 30, 2017 and September 30, 2016 do not include the following shares of Class A common stock assumed to be issued as stock- settled SARs and RSUs because they are anti- dilutive. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 SARs 29,100 73,300 32,300 80,400 RSUs 400 — 200 4,200

Other Income (Loss), Net

Other Income (Loss), Net	9 Months Ended
	Sep. 30, 2017
Other Income and Expenses [Abstract]
Other Income (Loss), Net	OTHER INCOME (LOSS), NET Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Interest income (Note 4) $ 2 $ 2 $ 99 $ 5 Depreciation recovery 7 8 19 19 Performance guarantee liability amortization (Note 11) 5 8 14 25 Debt repayment guarantee liability amortization (Note 11) 2 — 8 1 Cease use liability (21 ) — (21 ) — Realized losses (Note 4) — — (40 ) — Performance guarantee expense, net (Note 11) (14 ) (13 ) (54 ) (40 ) Other — (1 ) (2 ) (9 ) Other income (loss), net $ (19 ) $ 4 $ 23 $ 1 During the three months ended September 30, 2017, we relocated our corporate headquarters and recorded a corresponding cease use liability of $21 million . The liability is recorded in other current and other long-term liabilities on our condensed consolidated balance sheets within corporate and other.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS In October 2017, we sold Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch and Royal Palms Resort and Spa to an unrelated third party as a portfolio for $305 million . We entered into a long-term management agreement for each property upon sale. In conjunction with the sale of Avendra LLC, an unconsolidated hospitality venture classified as an equity method investment within our Americas management and franchising segment, to Aramark Corporation, we expect to receive net cash proceeds of approximately $210 million to be used for the benefit of Hyatt’s branded hotels. The transaction is expected to close in Q4 2017.

Recently Issued Accounting Pr27

Recently Issued Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by GAAP for complete annual financial statements.
Principles of Consolidation	We have eliminated all intercompany accounts and transactions in our condensed consolidated financial statements. We consolidate entities under our control, including entities where we are deemed to be the primary beneficiary.
Recently Issued Account Pronouncements	Adopted Accounting Standards —In March 2016, the Financial Accounting Standards Board ("FASB") released Accounting Standards Update No. 2016-09 ("ASU 2016-09"), Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . ASU 2016-09 simplifies the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The provisions of ASU 2016-09 were effective for interim periods and fiscal years beginning after December 15, 2016. We adopted ASU 2016-09 on January 1, 2017, which resulted in recognition of excess tax benefits from share-based payment transactions on our condensed consolidated statements of income and within operating activities on our condensed consolidated statements of cash flows, on a prospective basis. ASU 2016-09 did not materially impact our condensed consolidated financial statements and prior periods have not been adjusted. Future Adoption of Accounting Standards —In May 2014, the FASB released Accounting Standards Update No. 2014-09 ("ASU 2014-09"), Revenue from Contracts with Customers (Topic 606) . ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, Revenue Recognition , and provides a single, comprehensive revenue recognition model for contracts with customers. Subsequently, the FASB issued several related ASUs which further clarify the application of the standard. In August 2015, the FASB released Accounting Standards Update No. 2015-14 ("ASU 2015-14"), Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . ASU 2015-14 delays the effective date of ASU 2014-09 by one year, making it effective for interim periods and fiscal years beginning after December 15, 2017, with early adoption permitted as of the original effective date under ASU 2014-09. ASU 2014-09 requires entities to recognize revenue when a customer obtains control of a good or a service. Revenues are recognized in an amount that reflects the consideration expected to be received in return for the goods or services. ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The standard permits the use of either the full retrospective or modified retrospective (cumulative effect) transition method. We expect to adopt ASU 2014-09, and all related ASUs, utilizing the full retrospective transition method on January 1, 2018. While we continue to evaluate possible impacts on our condensed consolidated financial statements, ASU 2014-09 and the related ASUs are currently expected to impact either the amount or timing of revenue recognition as follows: • Under existing guidance, gains on sales of real estate are deferred when we maintain substantial continuing involvement and are amortized into management and franchise fee revenues. Upon adoption of ASU 2014-09, gains on sales of real estate will be recognized when control of the property transfers to the buyer. Any remaining unamortized deferred gains at our date of adoption will be included as an adjustment to retained earnings. See Note 9 for the deferred gains on sales of hotel properties at September 30, 2017 and December 31, 2016. For the three and nine months ended September 30, 2017, we recognized $6 million and $17 million , respectively, of management and franchise fee revenues related to the amortization of these deferred gains on our condensed consolidated statements of income. • Under existing guidance, amortization of certain management and franchise agreement intangibles is recorded within depreciation and amortization on our condensed consolidated statements of income. Upon adoption of ASU 2014-09, certain management and franchise agreement intangibles will meet the definition of consideration paid to a customer and therefore, the amortization will be recorded as contra-revenue within management and franchise fee revenues on our condensed consolidated statements of income. For the three and nine months ended September 30, 2017, we recognized $5 million and $13 million , respectively, of amortization expense related to management and franchise agreement intangibles that will meet the definition of consideration paid to a customer upon adoption of ASU 2014-09. • Under existing guidance, incentive fees are recognized in the amount that would be due as if the contract were to terminate at that time. Under ASU 2014-09, variable consideration is included in the transaction price only if it is probable that a significant reversal in the cumulative amount of revenue recognized would not occur when the uncertainty associated with the variable consideration is subsequently resolved. This may result in a different pattern of quarterly recognition for incentive fees for certain contracts. We do not anticipate a material impact to incentive fee recognition on a full year basis. • Under existing guidance, franchise application fees are recognized at a point in time. Upon adoption of ASU 2014-09, franchise application fees will be recognized over time. We do not expect a significant impact on our condensed consolidated financial statements. We do not expect the standard to materially affect the amount or timing of revenue recognition for royalty fees from our franchised properties, base management fees from our managed properties, or revenues from hotel guest transactions at our owned and leased properties. We are continuing to evaluate other possible impacts to our condensed consolidated financial statements, including the impact related to our loyalty and co-branded credit card programs. In January 2016, the FASB released Accounting Standards Update No. 2016-01 ("ASU 2016-01"), Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . ASU 2016-01 revises the accounting for equity investments and the presentation and disclosure requirements for financial instruments. The provisions of ASU 2016-01 are effective for interim periods and fiscal years beginning after December 15, 2017. Upon adoption, the unrealized gains (losses) on our available-for-sale ("AFS") equity securities, specifically on our investment in Playa Hotels & Resorts N.V. ("Playa N.V.") (see Note 4), reported in accumulated other comprehensive loss at December 31, 2017 will be reclassified to retained earnings, and any subsequent changes in fair value will be recognized in net income on our condensed consolidated statements of income. We are continuing to evaluate the other possible impacts of adopting ASU 2016-01. In February 2016, the FASB released Accounting Standards Update No. 2016-02 ("ASU 2016-02"), Leases (Topic 842) . ASU 2016-02 requires lessees to record lease contracts on the balance sheet by recognizing a right-of-use asset and lease liability. The provisions of ASU 2016-02 are to be applied using a modified retrospective approach and are effective for interim periods and fiscal years beginning after December 15, 2018, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2016-02 and expect this ASU may have a material effect on our condensed consolidated financial statements. In June 2016, the FASB released Accounting Standards Update No. 2016-13 ("ASU 2016-13"), Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016-13 replaces the existing impairment model for most financial assets from an incurred loss impairment model to a current expected credit loss model, which requires an entity to recognize an impairment allowance equal to its current estimate of all contractual cash flows the entity does not expect to collect. ASU 2016-13 also requires credit losses relating to AFS debt securities to be recorded through an allowance for credit losses. The provisions of ASU 2016-13 are to be applied using a modified retrospective approach and are effective for interim periods and fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2016-13. In October 2016, the FASB released Accounting Standards Update No. 2016-16 ("ASU 2016-16"), Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . ASU 2016-16 requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The provisions of ASU 2016-16 are effective for interim periods and fiscal years beginning after December 15, 2017, with early adoption permitted. ASU 2016-16 requires an entity to adopt the amendments on a modified retrospective basis, recognizing the effects in retained earnings at the beginning of the year of adoption. Upon adoption, we do not expect ASU 2016-16 to have a material impact on our condensed consolidated financial statements. In November 2016, the FASB released Accounting Standards Update No. 2016-18 ("ASU 2016-18"), Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force). Currently, transfers between cash and cash equivalents and restricted cash are included within operating and investing activities on our condensed consolidated statements of cash flows. ASU 2016-18 requires amounts generally described as restricted cash to be included with cash and cash equivalents when reconciling the total beginning and ending amounts for the periods shown on the statements of cash flows. The provisions of ASU 2016-18 are effective for interim periods and fiscal years beginning after December 15, 2017, and are to be applied on a retrospective basis with early adoption permitted. Upon adoption, our restricted cash balances of $224 million and $76 million at September 30, 2017 and December 31, 2016, respectively, will be included in cash, cash equivalents, and restricted cash on our condensed consolidated statements of cash flows. In January 2017, the FASB released Accounting Standards Update No. 2017-01 ("ASU 2017-01"), Business Combinations (Topic 805): Clarifying the Definition of a Business . ASU 2017-01 clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. Generally, our acquisitions of individual hotels are accounted for as business combinations, however, upon adoption of ASU 2017-01, there is an increased likelihood that the acquisitions of individual hotels will be accounted for as asset acquisitions. This standard is effective on a prospective basis, and therefore does not affect the accounting treatment for any previous transactions. The provisions of ASU 2017-01 are effective for interim periods and fiscal years beginning after December 15, 2017. We are continuing to evaluate other potential impacts of adopting ASU 2017-01. In January 2017, the FASB released Accounting Standards Update No. 2017-04 ("ASU 2017-04"), Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . ASU 2017-04 eliminates Step 2 from the impairment test which requires entities to determine the implied fair value of goodwill to measure if any impairment charge is necessary. Instead, entities will record an impairment charge based on the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The provisions of ASU 2017-04 are to be applied on a prospective basis and are effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019, with early adoption permitted. We plan to early adopt ASU 2017-04 on October 1, 2017 in conjunction with our annual goodwill impairment testing.
Self Insurance	We obtain commercial insurance for potential losses for general liability, workers' compensation, automobile liability, employment practices, crime, property and other miscellaneous coverages. A portion of the risk is retained on a self-insurance basis primarily through U.S. based and licensed captive insurance companies that are wholly owned subsidiaries of Hyatt and generally insure our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses.
Commitments and Contingencies Other	We act as general partner of various partnerships owning hotel properties subject to mortgage indebtedness. These mortgage agreements generally limit the lender's recourse to security interests in assets financed and/or other assets of the partnership(s) and/or the general partner(s) thereof. In conjunction with financing obtained for our unconsolidated hospitality ventures and certain managed hotels, we may provide standard indemnifications to the lender for loss, liability or damage occurring as a result of our actions or actions of the other unconsolidated hospitality venture owners. We are subject, from time to time, to various claims and contingencies related to lawsuits, taxes and environmental matters, as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. We recognize a liability associated with commitments and contingencies when a loss is probable and reasonably estimable. Although the ultimate liability for these matters cannot be determined at this point, based on information currently available, we do not expect the ultimate resolution of such claims and litigation will have a material effect on our condensed consolidated financial statements.
Segment Reporting	Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the chief operating decision maker to assess performance and make decisions regarding the allocation of resources. Our chief operating decision maker is our President and Chief Executive Officer. We define our reportable segments as follows: • Owned and leased hotels —This segment derives its earnings from owned and leased hotel properties located predominantly in the United States but also in certain international locations and for purposes of segment Adjusted EBITDA, includes our pro rata share of the Adjusted EBITDA of our unconsolidated hospitality ventures, based on our ownership percentage of each venture. Adjusted EBITDA includes intercompany expenses related to management fees paid to the Company's management and franchising segments, which are eliminated in consolidation. Intersegment revenues relate to promotional award redemptions at our owned and leased hotels related to our co-branded credit card, which are eliminated in consolidation. • Americas management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in the United States, Latin America, Canada and the Caribbean. This segment's revenues also include the reimbursement of costs incurred on behalf of managed hotel property owners and franchisees with no added margin. These costs relate primarily to payroll costs at managed properties where the Company is the employer. These revenues and costs are recorded within other revenues from managed properties and other costs from managed properties, respectively. The intersegment revenues relate to management fees earned from the Company's owned hotels, which are eliminated in consolidation. • ASPAC management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Southeast Asia, as well as Greater China, Australia, South Korea, Japan and Micronesia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed hotel property owners and franchisees with no added margin. These costs relate primarily to reservations, marketing and technology costs. These revenues and costs are recorded within other revenues from managed properties and other costs from managed properties, respectively. The intersegment revenues relate to management fees earned from the Company's owned hotels, which are eliminated in consolidation. • EAME/SW Asia management and franchising —This segment derives its earnings primarily from a combination of hotel management and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, India, Central Asia and Nepal. This segment's revenues also include the reimbursement of costs incurred on behalf of managed hotel property owners and franchisees with no added margin. These costs relate primarily to reservations, marketing and technology costs. These revenues and costs are recorded within other revenues from managed properties and other costs from managed properties, respectively. The intersegment revenues relate to management fees earned from the Company's owned hotels, which are eliminated in consolidation. Our chief operating decision maker evaluates performance based on each segment's revenue and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated hospitality ventures Adjusted EBITDA based on our ownership percentage of each venture, adjusted to exclude interest expense; provision for income taxes; depreciation and amortization; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate and other income (loss), net.

Equity and Cost Method Invest28

Equity and Cost Method Investments (Tables)	9 Months Ended
	Sep. 30, 2017
Equity And Cost Method Investments [Abstract]
Equity and Cost Method Investment Balances	September 30, 2017 December 31, 2016 Equity method investments $ 175 $ 180 Cost method investments 24 6 Total investments $ 199 $ 186
Summarized Financial Information	The following table presents summarized financial information for all unconsolidated hospitality ventures in which we hold an investment accounted for under the equity method: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Total revenues $ 196 $ 326 $ 649 $ 952 Gross operating profit 80 110 225 312 Income from continuing operations 38 40 36 118 Net income 38 40 36 118

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2017
Marketable Securities [Abstract]
Marketable Securities Held to Fund Operating Programs	Marketable securities held to fund operating programs, which are recorded at fair value and included on our condensed consolidated balance sheets, were as follows: September 30, 2017 December 31, 2016 Loyalty program $ 403 $ 394 Deferred compensation plans held in rabbi trusts (Note 9) 388 352 Captive insurance companies 111 65 Total marketable securities held to fund operating programs $ 902 $ 811 Less current portion of marketable securities held to fund operating programs included in cash and cash equivalents, short-term investments, and prepaids and other assets (155 ) (109 ) Marketable securities held to fund operating programs included in other assets $ 747 $ 702
Net Gains and Interest Income from Marketable Securities Held to Fund Operating Programs	Net gains and interest income from marketable securities held to fund operating programs on our condensed consolidated statements of income included realized and unrealized gains and losses and interest income related to the following: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Loyalty program $ 1 $ — $ 2 $ 3 Deferred compensation plans held in rabbi trusts 11 12 35 17 Total net gains and interest income from marketable securities held to fund operating programs $ 12 $ 12 $ 37 $ 20
Marketable Securities Held for Investment Purposes	Marketable securities held for investment purposes, which are recorded at fair value and included on our condensed consolidated balance sheets, were as follows: September 30, 2017 December 31, 2016 Interest bearing money market funds $ 47 $ 106 Time deposits 47 45 Preferred shares — 290 Common shares 127 — Total marketable securities held for investment purposes $ 221 $ 441 Less current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (94 ) (151 ) Marketable securities held for investment purposes included in other assets $ 127 $ 290
Investments Classified as Available For Sale	The fair value of the preferred shares was: 2017 2016 Fair value at January 1 $ 290 $ 335 Gross unrealized gains — 19 Gross unrealized losses (54 ) (7 ) Realized losses (40 ) — Interest income 94 — Cash redemption (290 ) — Fair value at June 30 $ — $ 347 Gross unrealized losses — (13 ) Fair value at September 30 $ — $ 334
Assets and Liabilities Measured at Fair Value on a Recurring Basis	September 30, 2017 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest bearing money market funds $ 93 $ 93 $ — $ — $ — Mutual funds 388 — — — 388 Common shares 127 — — — 127 Level Two - Significant Other Observable Inputs Time deposits 60 — 49 — 11 U.S. government obligations 155 — — 39 116 U.S. government agencies 50 — 3 8 39 Corporate debt securities 184 — 4 37 143 Mortgage-backed securities 21 — — 5 16 Asset-backed securities 42 — — 10 32 Municipal and provincial notes and bonds 3 — — 1 2 Total $ 1,123 $ 93 $ 56 $ 100 $ 874 December 31, 2016 Cash and cash equivalents Short-term investments Prepaids and other assets Other assets Level One - Quoted Prices in Active Markets for Identical Assets Interest bearing money market funds $ 114 $ 114 $ — $ — $ — Mutual funds 352 — — — 352 Level Two - Significant Other Observable Inputs Time deposits 59 — 46 — 13 U.S. government obligations 142 — — 33 109 U.S. government agencies 53 — 9 8 36 Corporate debt securities 181 — 1 35 145 Mortgage-backed securities 22 — — 5 17 Asset-backed securities 34 — — 8 26 Municipal and provincial notes and bonds 5 — — 1 4 Level Three - Significant Unobservable Inputs Preferred shares 290 — — — 290 Total $ 1,252 $ 114 $ 56 $ 90 $ 992

Financing Receivables (Tables)

Financing Receivables (Tables)	9 Months Ended
	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivables	September 30, 2017 December 31, 2016 Unsecured financing to hotel owners $ 126 $ 119 Less allowance for losses (107 ) (100 ) Total long-term financing receivables, net $ 19 $ 19
Allowance for Losses and Impairments	The following table summarizes the activity in our financing receivables allowance: 2017 2016 Allowance at January 1 $ 100 $ 98 Provisions 4 4 Other adjustments 1 1 Allowance at June 30 $ 105 $ 103 Provisions 1 3 Other adjustments 1 — Allowance at September 30 $ 107 $ 106
Credit Monitoring	Our unsecured financing receivables were as follows: September 30, 2017 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 13 $ — $ 13 $ — Impaired loans (1) 60 (60 ) — 60 Total loans 73 (60 ) 13 60 Other financing arrangements 53 (47 ) 6 47 Total unsecured financing receivables $ 126 $ (107 ) $ 19 $ 107 (1) The unpaid principal balance was $44 million and the average recorded loan balance was $58 million at September 30, 2017 . December 31, 2016 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on non-accrual status Loans $ 13 $ — $ 13 $ — Impaired loans (2) 56 (56 ) — 56 Total loans 69 (56 ) 13 56 Other financing arrangements 50 (44 ) 6 44 Total unsecured financing receivables $ 119 $ (100 ) $ 19 $ 100 (2) The unpaid principal balance was $43 million and the average recorded loan balance was $57 million at December 31, 2016

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the fair value of the identifiable net assets acquired in the acquisition of Miraval, which is recorded within corporate and other: Current assets, net of cash acquired $ 1 Property and equipment 173 Indefinite-lived intangibles (1) 37 Management agreement intangibles (2) 14 Goodwill (3) 19 Other definite-lived intangibles (4) 7 Total assets $ 251 Current liabilities $ 12 Deferred tax liabilities 3 Total liabilities 15 Total net assets acquired attributable to Hyatt Hotels Corporation 236 Total net assets acquired attributable to noncontrolling interests 1 Total net assets acquired $ 237 (1) Includes an intangible attributable to the Miraval brand. (2) Amortized over a useful life of 20 years. (3) The goodwill, of which $8 million is deductible for tax purposes, is attributable to Miraval's reputation as a renowned provider of wellness and mindfulness experiences, the extension of the Hyatt brand beyond traditional hotel stays, and the establishment of deferred tax liabilities. (4) Amortized over useful lives ranging from two to seven years.

Intangibles, Net (Tables)

Intangibles, Net (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	September 30, 2017 Weighted- average useful lives in years December 31, 2016 Management and franchise agreement intangibles $ 635 25 $ 589 Lease related intangibles 126 110 115 Advanced bookings intangibles 12 6 11 Brand and other intangibles (1) 71 11 22 844 737 Accumulated amortization (162 ) (138 ) Intangibles, net $ 682 $ 599 (1) The weighted-average useful life excludes indefinite-lived intangible assets.
Schedule of Indefinite-Lived Intangible Assets	September 30, 2017 Weighted- average useful lives in years December 31, 2016 Management and franchise agreement intangibles $ 635 25 $ 589 Lease related intangibles 126 110 115 Advanced bookings intangibles 12 6 11 Brand and other intangibles (1) 71 11 22 844 737 Accumulated amortization (162 ) (138 ) Intangibles, net $ 682 $ 599 (1) The weighted-average useful life excludes indefinite-lived intangible assets.
Schedule of Intangible Assets Amortization Expense	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Amortization expense $ 8 $ 7 $ 23 $ 20

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Fair Value, by Balance Sheet Grouping	September 30, 2017 Carrying value Fair value Quoted prices in active markets for identical assets (level one) Significant other observable inputs (level two) Significant unobservable inputs (level three) Debt (1) $ 1,797 $ 1,904 $ — $ 1,470 $ 434 (1) Excludes capital lease obligations of $14 million and unamortized discounts and deferred financing fees of $15 million . December 31, 2016 Carrying value Fair value Quoted prices in active markets for identical assets (level one) Significant other observable inputs (level two) Significant unobservable inputs (level three) Debt (2) $ 1,565 $ 1,642 $ — $ 1,450 $ 192 (2) Excludes capital lease obligations of $15 million and unamortized discounts and deferred financing fees of $16 million .

Liabilities (Tables)

Liabilities (Tables)	9 Months Ended
	Sep. 30, 2017
Other Liabilities [Abstract]
Liabilities	September 30, 2017 December 31, 2016 Deferred gains on sales of hotel properties $ 372 $ 363 Deferred compensation plans (Note 4) 388 352 Loyalty program liability 296 296 Guarantee liabilities (Note 11) 110 124 Other 384 337 Total other long-term liabilities $ 1,550 $ 1,472

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Guarantor Obligations	The four managed hotels in France Other performance guarantees All performance guarantees 2017 2016 2017 2016 2017 2016 Beginning balance, January 1 $ 66 $ 93 $ 13 $ 4 $ 79 $ 97 Initial guarantee obligation liability upon inception — — 3 — 3 — Amortization of initial guarantee obligation liability into income (7 ) (17 ) (2 ) — (9 ) (17 ) Performance guarantee expense (income), net 41 29 (1 ) (2 ) 40 27 Net payments during the period (49 ) (34 ) (1 ) — (50 ) (34 ) Foreign currency exchange, net 6 3 — — 6 3 Ending balance, June 30 $ 57 $ 74 $ 12 $ 2 $ 69 $ 76 Amortization of initial guarantee obligation liability into income (4 ) (8 ) (1 ) — (5 ) (8 ) Performance guarantee expense, net 13 13 1 — 14 13 Net (payments) receipts during the period (16 ) (10 ) 1 1 (15 ) (9 ) Foreign currency exchange, net 3 1 — — 3 1 Ending balance, September 30 $ 53 $ 70 $ 13 $ 3 $ 66 $ 73
Debt Repayment Guarantees	Included within debt repayment guarantees are the following: Property description Maximum potential future payments Maximum exposure net of recoverability from third parties Other long-term liabilities recorded at September 30, 2017 Other long-term liabilities recorded at December 31, 2016 Year of guarantee expiration Hotel property in Washington State (1), (3), (4), (5) $ 215 $ — $ 28 $ 35 2020 Hotel properties in India (2), (3) 184 184 18 21 2020 Hotel property in Brazil (1) 80 40 2 3 2020 Hotel property in Minnesota 25 25 2 2 2021 Hotel property in Arizona (1), (4) 25 — 2 2 2019 Hotel properties in California (1) 31 13 6 6 various, through 2021 Other (1) 20 14 2 — various, through 2021 Total $ 580 $ 276 $ 60 $ 69 (1) We have agreements with our unconsolidated hospitality venture partner, the respective hotel owners or other third parties to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash, financing receivable, or HTM debt security. (2) Debt repayment guarantee is denominated in Indian rupees and translated using exchange rates at September 30, 2017 . We have the contractual right to recover amounts funded from the unconsolidated hospitality venture, which is a related party. We expect our maximum exposure to be $92 million , taking into account our partner’s 50% ownership interest in the unconsolidated hospitality venture. (3) Under certain events or conditions, we have the right to force the sale of the property(ies) in order to recover amounts funded. (4) If certain funding thresholds are met or if certain events occur, we have the ability to assume control of the property . (5) We are subject to a completion guarantee whereby the parties agree to substantially complete the construction of the project by a specified date. In the event of default, we are obligated to complete construction using the funds available from the outstanding loan. Any additional funds paid by us are subject to recovery through a HTM debt security.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Stockholders' Equity and Noncontrolling Interests	Stockholders' equity Noncontrolling interests in consolidated subsidiaries Total equity Balance at January 1, 2017 $ 3,903 $ 5 $ 3,908 Net income attributable to Hyatt Hotels Corporation 173 — 173 Other comprehensive income 105 — 105 Contributions from noncontrolling interests — 1 1 Repurchase of common stock (555 ) — (555 ) Directors compensation 2 — 2 Employee stock plan issuance 3 — 3 Share-based payment activity 20 — 20 Balance at September 30, 2017 $ 3,651 $ 6 $ 3,657 Stockholders' Noncontrolling interests Total equity Balance at January 1, 2016 $ 3,991 $ 4 $ 3,995 Net income attributable to Hyatt Hotels Corporation 163 — 163 Other comprehensive income 3 — 3 Repurchase of common stock (268 ) — (268 ) Directors compensation 2 — 2 Employee stock plan issuance 3 — 3 Share-based payment activity 19 — 19 Balance at September 30, 2016 $ 3,913 $ 4 $ 3,917
Accumulated Other Comprehensive Loss	Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at September 30, 2017 Foreign currency translation adjustments $ (239 ) $ 11 $ — $ (228 ) Unrealized gains (losses) on AFS securities 78 (12 ) — 66 Unrecognized pension cost (7 ) — — (7 ) Unrealized (losses) gains on derivative instruments (4 ) 1 — (3 ) Accumulated other comprehensive loss $ (172 ) $ — $ — $ (172 ) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (299 ) $ 71 $ — $ (228 ) Unrealized gains on AFS securities 33 33 — 66 Unrecognized pension cost (7 ) — — (7 ) Unrealized (losses) gains on derivative instruments (4 ) 1 — (3 ) Accumulated other comprehensive income (loss) $ (277 ) $ 105 $ — $ (172 ) Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (a) Balance at Foreign currency translation adjustments $ (242 ) $ (15 ) $ 3 $ (254 ) Unrealized gains (losses) on AFS securities 47 (8 ) — 39 Unrecognized pension cost (7 ) — — (7 ) Unrealized losses on derivative instruments (5 ) — — (5 ) Accumulated other comprehensive income (loss) $ (207 ) $ (23 ) $ 3 $ (227 ) (a) The amount reclassified from accumulated other comprehensive loss related to the sale of the shares of the company that owns Hyatt Regency Birmingham (U.K.) and was recorded within other long-term liabilities on our condensed consolidated balance sheets. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss (a) Balance at Foreign currency translation adjustments $ (257 ) $ — $ 3 $ (254 ) Unrealized gains on AFS securities 39 — — 39 Unrecognized pension cost (7 ) — — (7 ) Unrealized losses on derivative instruments (5 ) — — (5 ) Accumulated other comprehensive income (loss) $ (230 ) $ — $ 3 $ (227 ) (a) The amount reclassified from accumulated other comprehensive loss related to the sale of the shares of the company that owns Hyatt Regency Birmingham (U.K.) and was recorded within other long-term liabilities on our condensed consolidated balance sheets.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Share-based Compensation [Abstract]
Compensation Expense Related to Long-Term Incentive Plan	Stock-based compensation expense included in selling, general, and administrative expense on our condensed consolidated statements of income related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 SARs $ 1 $ 1 $ 10 $ 9 RSUs 3 2 14 13 PSUs and PSs 1 (2 ) 2 (1 ) Total stock-based compensation recorded within selling, general, and administrative expenses $ 5 $ 1 $ 26 $ 21

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Summarized Consolidated Financial Information by Segment	The table below shows summarized consolidated financial information by segment. Included within corporate and other are the results of Miraval and exhale, Hyatt Residence Club license fees, results related to our co- branded credit card, and unallocated corporate expenses. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Owned and leased hotels Owned and leased hotels revenues $ 505 $ 519 $ 1,625 $ 1,594 Other revenues — — 13 — Intersegment revenues (a) 3 — 7 — Adjusted EBITDA 104 120 383 400 Depreciation and amortization 75 71 222 211 Americas management and franchising Management and franchise fees revenues 95 90 308 281 Other revenues from managed properties 419 409 1,278 1,266 Intersegment revenues (a) 15 16 58 57 Adjusted EBITDA 82 77 269 242 Depreciation and amortization 5 5 14 14 ASPAC management and franchising Management and franchise fees revenues 27 23 79 67 Other revenues from managed properties 26 24 78 72 Intersegment revenues (a) — 1 1 1 Adjusted EBITDA 17 14 48 38 Depreciation and amortization — — 1 1 EAME/SW Asia management and franchising Management and franchise fees revenues 18 15 51 47 Other revenues from managed properties 18 15 51 47 Intersegment revenues (a) 3 2 7 8 Adjusted EBITDA 11 8 28 24 Depreciation and amortization 1 1 4 4 Corporate and other Revenues 32 12 91 34 Adjusted EBITDA (35 ) (27 ) (93 ) (91 ) Depreciation and amortization 11 10 33 24 Eliminations Revenues (a) (21 ) (19 ) (73 ) (66 ) Adjusted EBITDA 1 — 2 — TOTAL Revenues $ 1,119 $ 1,088 $ 3,501 $ 3,342 Adjusted EBITDA 180 192 637 613 Depreciation and amortization 92 87 274 254 (a) Intersegment revenues are included in the management and franchise fees revenues and owned and leased hotels revenues and in Eliminations.
Reconciliation of Consolidated Adjusted EBITDA to EBITDA and a Reconciliation of EBITDA to Net Income Attributable to Hyatt Hotels Corporation	The table below provides a reconciliation of our net income attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Net income attributable to Hyatt Hotels Corporation $ 16 $ 62 $ 173 $ 163 Interest expense 20 20 61 57 Provision for income taxes 14 28 100 65 Depreciation and amortization 92 87 274 254 EBITDA 142 197 608 539 Equity (earnings) losses from unconsolidated hospitality ventures (1 ) (25 ) 1 (46 ) Stock-based compensation expense (Note 13) 5 1 26 21 (Gains) losses on sales of real estate (Note 6) — — (34 ) 21 Other (income) loss, net (Note 17) 19 (4 ) (23 ) (1 ) Pro rata share of unconsolidated hospitality ventures Adjusted EBITDA 15 23 59 79 Adjusted EBITDA $ 180 $ 192 $ 637 $ 613

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of the Calculation of Basic and Diluted Earnings Per Share	The calculation of basic and diluted earnings per share, including a reconciliation of the numerator and denominator, are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Numerator: Net income $ 17 $ 62 $ 174 $ 163 Net income and accretion attributable to noncontrolling interests (1 ) — (1 ) — Net income attributable to Hyatt Hotels Corporation $ 16 $ 62 $ 173 $ 163 Denominator: Basic weighted average shares outstanding 124,010,961 131,917,434 126,399,472 133,672,570 Share-based compensation and equity-classified forward contract 1,396,922 1,146,718 1,315,462 933,563 Diluted weighted average shares outstanding 125,407,883 133,064,152 127,714,934 134,606,133 Basic Earnings Per Share: Net income $ 0.14 $ 0.48 $ 1.38 $ 1.22 Net income and accretion attributable to noncontrolling interests (0.01 ) — (0.01 ) — Net income attributable to Hyatt Hotels Corporation $ 0.13 $ 0.48 $ 1.37 $ 1.22 Diluted Earnings Per Share: Net income $ 0.14 $ 0.47 $ 1.37 $ 1.21 Net income and accretion attributable to noncontrolling interests (0.01 ) — (0.01 ) — Net income attributable to Hyatt Hotels Corporation $ 0.13 $ 0.47 $ 1.36 $ 1.21
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The computations of diluted net income per share for the three and nine months ended September 30, 2017 and September 30, 2016 do not include the following shares of Class A common stock assumed to be issued as stock- settled SARs and RSUs because they are anti- dilutive. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 SARs 29,100 73,300 32,300 80,400 RSUs 400 — 200 4,200

Other Income (Loss), Net (Table

Other Income (Loss), Net (Tables)	9 Months Ended
	Sep. 30, 2017
Other Income and Expenses [Abstract]
Other Income (Loss), Net	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Interest income (Note 4) $ 2 $ 2 $ 99 $ 5 Depreciation recovery 7 8 19 19 Performance guarantee liability amortization (Note 11) 5 8 14 25 Debt repayment guarantee liability amortization (Note 11) 2 — 8 1 Cease use liability (21 ) — (21 ) — Realized losses (Note 4) — — (40 ) — Performance guarantee expense, net (Note 11) (14 ) (13 ) (54 ) (40 ) Other — (1 ) (2 ) (9 ) Other income (loss), net $ (19 ) $ 4 $ 23 $ 1

Organization (Narrative) (Detai

Organization (Narrative) (Details)	Sep. 30, 2017hotelcountryroom
Organization
Number of countries in which entity operates (number of countries) | country	57
Full service
Organization
Number of hotels operated or franchised	325
Number of rooms operated or franchised (number of rooms) | room	125,511
Select service
Organization
Number of hotels operated or franchised	369
Number of rooms operated or franchised (number of rooms) | room	51,749
Select service | United States
Organization
Number of hotels operated or franchised	333
All inclusive
Organization
Number of hotels operated or franchised	6
Number of rooms operated or franchised (number of rooms) | room	2,401
Wellness resorts
Organization
Number of hotels operated or franchised	3
Number of rooms operated or franchised (number of rooms) | room	399

Recently Issued Accounting Pr42

Recently Issued Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle
Amortization of intangibles	$ 8	$ 7	$ 23	$ 20
Restricted cash	224		224		$ 76
Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle
Management fee revenues	6		17
Management and franchise agreement intangibles | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle
Amortization of intangibles	5		13
New accounting pronouncement, early adoption, effect | Accounting Standards Update 2016-18
New Accounting Pronouncements or Change in Accounting Principle
Restricted cash	$ 224		$ 224		$ 76

Equity and Cost Method Invest43

Equity and Cost Method Investments (Equity and Cost Method Investment Balances) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Equity And Cost Method Investments [Abstract]
Equity method investments	$ 175	$ 180
Cost method investments	24	6
Total investments	$ 199	$ 186

Equity and Cost Method Invest44

Equity and Cost Method Investments (Narrative) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)hotel	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)hotel
Schedule of Equity Method Investments
Equity method investment, impairment charges			$ 3
Hyatt Place Hotel
Schedule of Equity Method Investments
Equity method investment, net sales proceeds		$ 7	4
Equity method investment, realized gain on sale		$ 5	$ 2
Number of hotels operated or franchised sold | hotel		2		2
Equity method investment, impairment charges	$ 3	$ 2		$ 4

Equity and Cost Method Invest45

Equity and Cost Method Investments (Summarized Financial Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity And Cost Method Investments [Abstract]
Total revenues	$ 196	$ 326	$ 649	$ 952
Gross operating profit	80	110	225	312
Income from continuing operations	38	40	36	118
Net income	$ 38	$ 40	$ 36	$ 118

Marketable Securities (Marketab

Marketable Securities (Marketable Securities Held to Fund Operating Programs) (Details) - Held for operating programs - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Schedule of Investments
Total marketable securities	$ 902	$ 811
Less current portion of marketable securities held to fund operating programs included in cash and cash equivalents, short-term investments, and prepaids and other assets	(155)	(109)
Marketable securities held to fund operating programs included in other assets	747	702
Loyalty program
Schedule of Investments
Total marketable securities	403	394
Deferred compensation plans held in rabbi trusts
Schedule of Investments
Total marketable securities	388	352
Captive insurance companies
Schedule of Investments
Total marketable securities	$ 111	$ 65

Marketable Securities (Gain on

Marketable Securities (Gain on Investments Held to Fund Operating Programs) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Gain on Investments
Net gains and interest income from marketable securities held to fund operating programs	$ 12	$ 12	$ 37	$ 20
Loyalty program
Gain on Investments
Net gains and interest income from marketable securities held to fund operating programs	1	0	2	3
Deferred compensation plans held in rabbi trusts
Gain on Investments
Net gains and interest income from marketable securities held to fund operating programs	$ 11	$ 12	$ 35	$ 17

Marketable Securities (Market48

Marketable Securities (Marketable Securities Held for Investment Purposes) (Details) - Held for Investment Purposes - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Schedule of Investments
Interest bearing money market funds	$ 47	$ 106
Time deposits	47	45
Preferred shares	0	290
Common shares	127	0
Total marketable securities	221	441
Less current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments	(94)	(151)
Marketable securities held for investment purposes included in other assets	$ 127	$ 290

Marketable Securities (Investme

Marketable Securities (Investments Classified as Available for Sale) (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended		9 Months Ended
	Mar. 31, 2017	Oct. 31, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Realized losses			$ 0	$ 0			$ (40)	$ 0
Interest income			2	2			99	5
Playa Hotels & Resorts B.V. | Preferred shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value beginning balance		$ 334	0	347	$ 290	$ 335	290	335
Gross unrealized gains					0	19
Gross unrealized losses			0	(13)	(54)	(7)
Realized losses	$ (40)				(40)	0
Interest income	94				94	0
Cash redemption	$ (290)	$ (41)			(290)	0
Fair value ending balance			$ 0	$ 334	$ 0	$ 347	$ 0	$ 334

Marketable Securities (Narrativ

Marketable Securities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 30, 2017	Mar. 31, 2017	Oct. 31, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest income				$ 2	$ 2			$ 99	$ 5
Realized losses				0	$ 0			40	$ 0
Held-to-maturity securities	$ 47			$ 47				$ 47		$ 27
Playa Hotels & Resorts B.V. | Preferred shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Available-for-sale securities, amortized cost basis											$ 271
Stock redeemed or called during period, shares (in shares)			3,458,530
Proceeds from redemption of preferred shares		$ 290	$ 41			$ 290	$ 0
Interest income		94				94	0
Realized losses		$ 40				$ 40	$ 0
Redeemable convertible preferred shares redemption, price per share (in dollars per share)		$ 8.40
Playa Hotels & Resorts B.V. | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Ownership percentage		11.57%
Increase in AOCI	$ 108
Pace Holdings Corporation | Playa Hotels & Resorts B.V.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Number of warrants received (in shares)		1,738,806
Warrants received, common share conversion (in shares)		579,602
Warrants received, warrant earn-out conversion (in shares)		237,110

Marketable Securities (Assets a

Marketable Securities (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	$ 1,123	$ 1,252
Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	93	114
Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	56	56
Prepaids and other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	100	90
Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	874	992
Level One - Quoted Prices in Active Markets for Identical Assets | Interest bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	93	114
Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	388	352
Level One - Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	127
Level One - Quoted Prices in Active Markets for Identical Assets | Cash and cash equivalents | Interest bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	93	114
Level One - Quoted Prices in Active Markets for Identical Assets | Cash and cash equivalents | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level One - Quoted Prices in Active Markets for Identical Assets | Cash and cash equivalents | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0
Level One - Quoted Prices in Active Markets for Identical Assets | Short-term investments | Interest bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level One - Quoted Prices in Active Markets for Identical Assets | Short-term investments | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level One - Quoted Prices in Active Markets for Identical Assets | Short-term investments | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0
Level One - Quoted Prices in Active Markets for Identical Assets | Prepaids and other assets | Interest bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level One - Quoted Prices in Active Markets for Identical Assets | Prepaids and other assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level One - Quoted Prices in Active Markets for Identical Assets | Prepaids and other assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0
Level One - Quoted Prices in Active Markets for Identical Assets | Other assets | Interest bearing money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level One - Quoted Prices in Active Markets for Identical Assets | Other assets | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	388	352
Level One - Quoted Prices in Active Markets for Identical Assets | Other assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	127
Level Two - Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	60	59
Level Two - Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	155	142
Level Two - Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	50	53
Level Two - Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	184	181
Level Two - Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	21	22
Level Two - Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	42	34
Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	3	5
Level Two - Significant Other Observable Inputs | Cash and cash equivalents | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Cash and cash equivalents | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Cash and cash equivalents | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Cash and cash equivalents | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Cash and cash equivalents | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Cash and cash equivalents | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Cash and cash equivalents | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Short-term investments | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	49	46
Level Two - Significant Other Observable Inputs | Short-term investments | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Short-term investments | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	3	9
Level Two - Significant Other Observable Inputs | Short-term investments | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	4	1
Level Two - Significant Other Observable Inputs | Short-term investments | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Short-term investments | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Short-term investments | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Prepaids and other assets | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	0	0
Level Two - Significant Other Observable Inputs | Prepaids and other assets | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	39	33
Level Two - Significant Other Observable Inputs | Prepaids and other assets | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	8	8
Level Two - Significant Other Observable Inputs | Prepaids and other assets | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	37	35
Level Two - Significant Other Observable Inputs | Prepaids and other assets | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	5	5
Level Two - Significant Other Observable Inputs | Prepaids and other assets | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	10	8
Level Two - Significant Other Observable Inputs | Prepaids and other assets | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	1	1
Level Two - Significant Other Observable Inputs | Other assets | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	11	13
Level Two - Significant Other Observable Inputs | Other assets | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	116	109
Level Two - Significant Other Observable Inputs | Other assets | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	39	36
Level Two - Significant Other Observable Inputs | Other assets | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	143	145
Level Two - Significant Other Observable Inputs | Other assets | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	16	17
Level Two - Significant Other Observable Inputs | Other assets | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	32	26
Level Two - Significant Other Observable Inputs | Other assets | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure	$ 2	4
Level Three - Significant Unobservable Inputs | Preferred shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure		290
Level Three - Significant Unobservable Inputs | Cash and cash equivalents | Preferred shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure		0
Level Three - Significant Unobservable Inputs | Short-term investments | Preferred shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure		0
Level Three - Significant Unobservable Inputs | Prepaids and other assets | Preferred shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure		0
Level Three - Significant Unobservable Inputs | Other assets | Preferred shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Investments, fair value disclosure		$ 290

Financing Receivables (Schedule

Financing Receivables (Schedule of Financing Receivables) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable
Total long-term financing receivables, net	$ 19		$ 19
Unsecured financing
Accounts, Notes, Loans and Financing Receivable
Unsecured financing to hotel owners	126		119
Less allowance for losses	(107)	$ (105)	(100)	$ (106)	$ (103)	$ (98)
Total long-term financing receivables, net	$ 19		$ 19

Financing Receivables (Allowanc

Financing Receivables (Allowance for Losses and Impairments) (Details) - Unsecured financing - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Allowance for Losses and Impairments
Allowance beginning Balance	$ 105	$ 103	$ 100	$ 98
Provisions	1	3	4	4
Other adjustments	1	0	1	1
Allowance ending Balance	$ 107	$ 106	$ 105	$ 103

Financing Receivables (Credit M

Financing Receivables (Credit Monitoring) (Details) - Unsecured financing - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Unsecured Financing Receivables
Gross loan balance (principal and interest)	$ 126	$ 119
Related allowance	(107)	(100)	$ (105)	$ (106)	$ (103)	$ (98)
Net financing receivables	19	19
Gross receivables on non-accrual status	107	100
Loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	13	13
Related allowance	0	0
Net financing receivables	13	13
Gross receivables on non-accrual status	0	0
Impaired loans
Unsecured Financing Receivables
Impaired Loans	60	56
Impaired loans, allowance	(60)	(56)
Net financing receivables	0	0
Gross receivables on non-accrual status	60	56
Impaired financing receivable, unpaid principal balance	44	43
Impaired financing receivable, average recorded investment	58	57
Total loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	73	69
Related allowance	(60)	(56)
Net financing receivables	13	13
Gross receivables on non-accrual status	60	56
Other financing arrangements
Unsecured Financing Receivables
Gross loan balance (principal and interest)	53	50
Related allowance	(47)	(44)
Net financing receivables	6	6
Gross receivables on non-accrual status	$ 47	$ 44

Financing Receivables (Fair Val

Financing Receivables (Fair Value Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Significant unobservable inputs (level three)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Level three financing receivables	$ 20	$ 19

Acquisitions and Dispositions56

Acquisitions and Dispositions (Acquisitions Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Business Acquisition
Cash consideration transferred			$ 259	$ 331
Goodwill	$ 152		152		$ 125
Proceeds from redeemable noncontrolling interest in preferred shares of a subsidiary			9	0
Miraval Group
Business Acquisition
Cash consideration transferred			237
Intangible asset acquired	37		37
Goodwill	19		19
Proceeds from redeemable noncontrolling interest in preferred shares of a subsidiary			$ 9
Redeemable preferred shares, preferred return			12.00%
Redeemable preferred shares, option to require redemption, term			2 years
Property and equipment acquired	$ 173		$ 173
Cranwell Spa and Golf Resort
Business Acquisition
Business acquisition, percentage acquired	95.00%		95.00%
Exhale
Business Acquisition
Cash consideration transferred	$ 16
Cash acquired	1
Intangible asset acquired	9		$ 9
Goodwill	$ 4		$ 4
Royal Palms Resort and Spa
Business Acquisition
Cash consideration transferred		$ 86
Closing costs and proration adjustments		2
Purchase price		88
Property and equipment acquired		75		75
Confidante Miami Beach
Business Acquisition
Purchase price				238
Property and equipment acquired		228		228
Minimum | Miraval Group
Business Acquisition
Redeemable preferred shares, redemption term, start date from date of issuance			12 months
Management and franchise agreement intangibles
Business Acquisition
Weighted- average useful lives in years			25 years
Management and franchise agreement intangibles | Royal Palms Resort and Spa
Business Acquisition
Intangible assets acquired		$ 3		3
Weighted- average useful lives in years		20 years
Management and franchise agreement intangibles | Confidante Miami Beach
Business Acquisition
Intangible assets acquired		$ 10		$ 10
Weighted- average useful lives in years				20 years
Brand intangible | Royal Palms Resort and Spa
Business Acquisition
Intangible asset acquired		9		$ 9
Advanced bookings intangibles | Royal Palms Resort and Spa
Business Acquisition
Intangible assets acquired		$ 1		$ 1

Acquisitions and Dispositions57

Acquisitions and Dispositions (Schedule of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Business Acquisition
Goodwill	$ 152	$ 125
Miraval Group
Business Acquisition
Current assets, net of cash acquired	1
Property and equipment	173
Indefinite-lived intangible	37
Goodwill	19
Total assets	251
Current liabilities	12
Deferred tax liabilities	3
Total liabilities	15
Total net assets acquired attributable to Hyatt Hotels Corporation	236
Total net assets acquired attributable to noncontrolling interests	1
Total net assets acquired	237
Goodwill expected tax deductible amount	8
Management Agreement | Miraval Group
Business Acquisition
Definite-lived intangibles	$ 14
Weighted-average useful life	20 years
Brand and other intangibles | Miraval Group
Business Acquisition
Definite-lived intangibles	$ 7
Minimum | Brand and other intangibles | Miraval Group
Business Acquisition
Weighted-average useful life	2 years
Maximum | Brand and other intangibles | Miraval Group
Business Acquisition
Weighted-average useful life	7 years

Acquisitions and Dispositions58

Acquisitions and Dispositions (Dispositions Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of real estate, net of cash disposed			$ 296	$ 289
Sales proceeds transferred to escrow as restricted cash			267	0
Deferred gains on sales of hotel properties	$ 372		372		$ 363
Gains (losses) on sales of real estate	0	$ 0	34	(21)
Sales proceeds transferred from escrow to cash and cash equivalents			$ 98	29
Like-kind exchange period for replacement property identified			45 days
Andaz 5th Avenue | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of real estate, net of cash disposed				240
Gains (losses) on sales of real estate				(21)
Closing costs and proration adjustments				10
Hyatt Regency Grand Cypress | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of real estate, net of cash disposed			$ 202
Sales proceeds transferred to escrow as restricted cash			202
Deferred gains on sales of hotel properties	26		26
Hyatt Regency Louisville | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of real estate, net of cash disposed			65
Sales proceeds transferred to escrow as restricted cash			65
Gains (losses) on sales of real estate			35
Sales proceeds transferred from escrow to cash and cash equivalents	$ 65
Land held for development | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gains (losses) on sales of real estate			(1)
Proceeds from sale of land held for development			$ 29
Equity method investment, ownership percentage	50.00%		50.00%
Hyatt Regency Birmingham | Disposal group, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sales of real estate, net of cash disposed		49
Deferred gains on sales of hotel properties		$ 17		$ 17

Intangibles, Net (Intangible As

Intangibles, Net (Intangible Assets Table) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 844	$ 737
Accumulated amortization	(162)	(138)
Intangibles, net	682	599
Brand and other intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 71	22
Weighted- average useful lives in years	11 years
Management and franchise agreement intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 635	589
Weighted- average useful lives in years	25 years
Lease related intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 126	115
Weighted- average useful lives in years	110 years
Advanced bookings intangibles
Schedule of Intangible Asset by Major Class
Intangible assets, gross	$ 12	$ 11
Weighted- average useful lives in years	6 years

Intangibles, Net (Amortization

Intangibles, Net (Amortization Expense Table) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 8	$ 7	$ 23	$ 20

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Debt Instrument
Long-term debt, net of current maturities	$ 1,444		$ 1,445
Debt issuance cost	0	$ 4
Revolving credit facility
Debt Instrument
Proceeds from revolving credit facility during period	620
Repayments of revolving credit facility	$ 380
Revolving credit facility, weighted average interest rate	2.13%
Line of credit outstanding	$ 340		$ 100
Revolving credit facility, remaining borrowing capacity	1,200
2026 Notes
Debt Instrument
Senior notes		$ 400
Debt instrument, interest rate, stated percentage		4.85%
Issue price percentage		99.92%
Proceeds from issuance of debt, net of costs		$ 396
Debt issuance cost		4
2016 Notes
Debt Instrument
Senior notes		$ 250
Debt instrument, interest rate, stated percentage		3.875%
Repayments of long-term debt		$ 254
2019 Notes
Debt Instrument
Senior notes	$ 196
Debt instrument, interest rate, stated percentage	6.875%
2021 Notes
Debt Instrument
Senior notes	$ 250
Debt instrument, interest rate, stated percentage	5.375%
2023 Notes
Debt Instrument
Senior notes	$ 350
Debt instrument, interest rate, stated percentage	3.375%
Hyatt Regency Lost Pines Resort and Spa
Debt Instrument
Repayments of senior debt		$ 64

Debt (Fair Value) (Details)

Debt (Fair Value) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument
Capital lease obligations	$ 14	$ 15
Unamortized discount and deferred financing fees	15	16
Quoted prices in active markets for identical assets (level one)
Debt Instrument
Debt, excluding capital lease obligations, fair value	0	0
Significant other observable inputs (level two)
Debt Instrument
Debt, excluding capital lease obligations, fair value	1,470	1,450
Significant unobservable inputs (level three)
Debt Instrument
Debt, excluding capital lease obligations, fair value	434	192
Carrying value
Debt Instrument
Debt, excluding capital lease obligations, fair value	1,797	1,565
Fair value
Debt Instrument
Debt, excluding capital lease obligations, fair value	$ 1,904	$ 1,642

Liabilities (Liabilities Table)

Liabilities (Liabilities Table) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Other Liabilities [Abstract]
Deferred gains on sales of hotel properties	$ 372	$ 363
Deferred compensation plans (Note 4)	388	352
Loyalty program liability	296	296
Guarantee liabilities (Note 11)	110	124
Other	384	337
Total other long-term liabilities	$ 1,550	$ 1,472

Liabilities (Narrative) (Detail

Liabilities (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Other Liabilities
Accrued expenses and other current liabilities	$ 564	$ 514
Loyalty program
Other Liabilities
Accrued expenses and other current liabilities	$ 149	$ 139

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate	44.50%	30.20%	36.40%	28.40%
Total unrecognized tax benefits	$ 92		$ 92		$ 86
Amount of unrecognized tax benefits that would affect the tax rate if recognized	7		7		$ 5
Estimated income tax liability based on taxing authority’s assessment	117		117
Estimated interest, net of federal tax benefit, included in taxing authority assessment	$ 24		$ 24

Commitments and Contingencies66

Commitments and Contingencies (Commitments and Performance Guarantees Narrative) (Details) € in Millions	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017EUR (€)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Loss Contingencies
Commitment to loan or investment	$ 417,000,000
Performance guarantee
Loss Contingencies
Remaining maximum exposure	391,000,000
Guarantor obligations, liability (asset), current carrying value	66,000,000		$ 69,000,000	$ 79,000,000	$ 73,000,000	$ 76,000,000	$ 97,000,000
Performance test clause guarantee
Loss Contingencies
Guarantor obligations, liability (asset), current carrying value	$ 0			0
The four managed hotels in France | Performance guarantee
Loss Contingencies
Performance guarantee term	7 years
Remaining performance guarantee term	2 years 9 months
Remaining maximum exposure	$ 346,000,000	€ 293
Guarantor obligations, liability (asset), current carrying value	53,000,000		$ 57,000,000	66,000,000	$ 70,000,000	$ 74,000,000	$ 93,000,000
Other long-term liabilities | Performance guarantee
Loss Contingencies
Guarantor obligations, liability (asset), current carrying value	50,000,000			55,000,000
Accrued expenses and other current liabilitiess | Performance guarantee
Loss Contingencies
Guarantor obligations, liability (asset), current carrying value	$ 16,000,000			$ 24,000,000

Commitments and Contingencies67

Commitments and Contingencies (Schedule of Guarantor Obligations) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Guarantor Obligations
Amortization of initial guarantee obligation liability into income	$ (5)	$ (8)			$ (14)	$ (25)
Performance guarantee expense (income), net	14	13			54	40
Performance guarantee
Guarantor Obligations
Beginning balance	69	76	$ 79	$ 97	79	97
Initial guarantee obligation liability upon inception			3	0
Amortization of initial guarantee obligation liability into income	(5)	(8)	(9)	(17)
Performance guarantee expense (income), net	14	13	40	27
Net (payments) receipts during the period	(15)	(9)	(50)	(34)
Foreign currency exchange, net	3	1	6	3
Ending balance	66	73	69	76	66	73
The four managed hotels in France | Performance guarantee
Guarantor Obligations
Beginning balance	57	74	66	93	66	93
Initial guarantee obligation liability upon inception			0	0
Amortization of initial guarantee obligation liability into income	(4)	(8)	(7)	(17)
Performance guarantee expense (income), net	13	13	41	29
Net (payments) receipts during the period	(16)	(10)	(49)	(34)
Foreign currency exchange, net	3	1	6	3
Ending balance	53	70	57	74	53	70
Other performance guarantees | Performance guarantee
Guarantor Obligations
Beginning balance	12	2	13	4	13	4
Initial guarantee obligation liability upon inception			3	0
Amortization of initial guarantee obligation liability into income	(1)	0	(2)	0
Performance guarantee expense (income), net	1	0	(1)	(2)
Net (payments) receipts during the period	1	1	(1)	0
Foreign currency exchange, net	0	0	0	0
Ending balance	$ 13	$ 3	$ 12	$ 2	$ 13	$ 3

Commitments and Contingencies68

Commitments and Contingencies (Debt Guarantees Table) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Loss Contingencies
Guarantor obligations, carrying value, noncurrent	$ 110	$ 124
Debt repayment guarantees
Loss Contingencies
Maximum potential future payments	580
Maximum exposure net of recoverability from third parties	276
Guarantor obligations, carrying value, noncurrent	60	69
Debt repayment guarantees | Hotel property in Washington State
Loss Contingencies
Maximum potential future payments	215
Maximum exposure net of recoverability from third parties	0
Guarantor obligations, carrying value, noncurrent	28	35
Debt repayment guarantees | Hotel properties in India
Loss Contingencies
Maximum potential future payments	184
Maximum exposure net of recoverability from third parties	184
Guarantor obligations, carrying value, noncurrent	18	21
Debt repayment guarantees | Hotel property in Brazil
Loss Contingencies
Maximum potential future payments	80
Maximum exposure net of recoverability from third parties	40
Guarantor obligations, carrying value, noncurrent	2	3
Debt repayment guarantees | Hotel property in Minnesota
Loss Contingencies
Maximum potential future payments	25
Maximum exposure net of recoverability from third parties	25
Guarantor obligations, carrying value, noncurrent	2	2
Debt repayment guarantees | Hotel property in Arizona
Loss Contingencies
Maximum potential future payments	25
Maximum exposure net of recoverability from third parties	0
Guarantor obligations, carrying value, noncurrent	2	2
Debt repayment guarantees | Hotel properties in California
Loss Contingencies
Maximum potential future payments	31
Maximum exposure net of recoverability from third parties	13
Guarantor obligations, carrying value, noncurrent	6	6
Debt repayment guarantees | Other
Loss Contingencies
Maximum potential future payments	20
Maximum exposure net of recoverability from third parties	14
Guarantor obligations, carrying value, noncurrent	2	$ 0
Joint venture | Debt repayment guarantees | Hotel properties in India
Loss Contingencies
Maximum exposure net of recoverability from third parties	$ 92
Equity method investment, ownership percentage	50.00%

Commitments and Contingencies69

Commitments and Contingencies (Guarantee Liabilities Fair Value Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Guarantees, fair value disclosure	$ 216	$ 231

Commitments and Contingencies70

Commitments and Contingencies (Insurance, Collective Bargaining Agreements, Surety Bonds, and Letters of Credit Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Loss Contingencies
Self insurance reserve, current	$ 36	$ 30
Self insurance reserve, noncurrent	63	$ 62
Surety bonds	$ 25
United States
Loss Contingencies
Multiemployer plans, collective-bargaining arrangement, percentage of participants	25.00%
Letter of credit
Loss Contingencies
Letters of credit outstanding, amount	$ 267
Letter of credit | Self insurance collateral
Loss Contingencies
Letters of credit outstanding, amount	$ 7

Equity (Schedule of Stockholder

Equity (Schedule of Stockholders' Equity and Noncontrolling Interests) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity Roll Forward
Beginning balance			$ 3,908	$ 3,995
Net income attributable to Hyatt Hotels Corporation	$ 16	$ 62	173	163
Other comprehensive income	0	(20)	105	3
Contributions from noncontrolling interests			1
Repurchase of common stock			(555)	(268)
Directors compensation			2	2
Employee stock plan issuance			3	3
Share-based payment activity			20	19
Ending balance	3,657	3,917	3,657	3,917
Stockholders' equity
Equity Roll Forward
Beginning balance			3,903	3,991
Net income attributable to Hyatt Hotels Corporation			173	163
Other comprehensive income			105	3
Contributions from noncontrolling interests			0
Repurchase of common stock			(555)	(268)
Directors compensation			2	2
Employee stock plan issuance			3	3
Share-based payment activity			20	19
Ending balance	3,651	3,913	3,651	3,913
Noncontrolling interests in consolidated subsidiaries
Equity Roll Forward
Beginning balance			5	4
Net income attributable to Hyatt Hotels Corporation			0	0
Other comprehensive income			0	0
Contributions from noncontrolling interests			1
Repurchase of common stock			0	0
Directors compensation			0	0
Employee stock plan issuance			0	0
Share-based payment activity			0	0
Ending balance	$ 6	$ 4	$ 6	$ 4

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Increase (Decrease) in AOCI
Beginning balance			$ 3,908	$ 3,995
Current period other comprehensive income (loss) before reclassification	$ 0	$ (23)	105	0
Amount reclassified from accumulated other comprehensive loss	0	3	0	3
Ending balance	3,657	3,917	3,657	3,917
Foreign currency translation adjustments
Increase (Decrease) in AOCI
Beginning balance	(239)	(242)	(299)	(257)
Current period other comprehensive income (loss) before reclassification	11	(15)	71	0
Amount reclassified from accumulated other comprehensive loss	0	3	0	3
Ending balance	(228)	(254)	(228)	(254)
Unrealized gains (losses) on AFS securities
Increase (Decrease) in AOCI
Beginning balance	78	47	33	39
Current period other comprehensive income (loss) before reclassification	(12)	(8)	33	0
Amount reclassified from accumulated other comprehensive loss	0	0	0	0
Ending balance	66	39	66	39
Unrecognized pension cost
Increase (Decrease) in AOCI
Beginning balance	(7)	(7)	(7)	(7)
Current period other comprehensive income (loss) before reclassification	0	0	0	0
Amount reclassified from accumulated other comprehensive loss	0	0	0	0
Ending balance	(7)	(7)	(7)	(7)
Unrealized (losses) gains on derivative instruments
Increase (Decrease) in AOCI
Beginning balance	(4)	(5)	(4)	(5)
Current period other comprehensive income (loss) before reclassification	1	0	1	0
Amount reclassified from accumulated other comprehensive loss	0	0	0	0
Ending balance	(3)	(5)	(3)	(5)
Accumulated other comprehensive income (loss)
Increase (Decrease) in AOCI
Beginning balance	(172)	(207)	(277)	(230)
Ending balance	$ (172)	$ (227)	$ (172)	$ (227)

Equity (Narrative) (Details)

Equity (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Share Repurchase
Stock repurchase program, authorized amount	$ 500,000,000		$ 500,000,000	$ 400,000,000
Stock repurchased and retired during period (in shares)	9,492,729	5,556,424
Stock repurchase program, remaining authorized repurchase amount	$ 302,000,000
Stock repurchased and retired during period	$ 535,000,000
Percent of stock outstanding repurchased during period	7.00%	4.00%
Stock repurchased and retired during period	$ 555,000,000	$ 268,000,000
Weighted Average
Share Repurchase
Stock repurchased and retired during period (in dollars per share)	$ 56.37	$ 48.25
March 2017 ASR
Share Repurchase
Payment for shares repurchased under ASR agreement	$ 300,000,000
Stock repurchased and retired during period (in shares)	5,393,669
March 2017 ASR | Weighted Average
Share Repurchase
Stock repurchased and retired during period (in dollars per share)	$ 55.62
August 2017 ASR
Share Repurchase
Payment for shares repurchased under ASR agreement	$ 100,000,000
Stock repurchased and retired during period (in shares)	1,401,787
Stock repurchase program, remaining authorized repurchase amount	$ 20,000,000
August 2017 ASR | Weighted Average
Share Repurchase
Stock repurchased and retired during period (in dollars per share)	$ 57.07

Stock-Based Compensation (Compe

Stock-Based Compensation (Compensation Expense Related to Long-Term Incentive Plan) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 5	$ 1	$ 26	$ 21
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	1	1	10	9
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	3	2	14	13
PSUs and PSs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 1	$ (2)	$ 2	$ (1)

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares
SARs and RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Amortization period, deferred compensation expense	3 years
Stock Appreciation Rights (SARS)
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares) | shares	625,740
Grants in period, weighted-average fair value at grant date (in dollars per share) | $ / shares	$ 16.42
Total unearned compensation | $	$ 6
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares) | shares	483,302
Grants in period, weighted-average fair value at grant date (in dollars per share) | $ / shares	$ 53.77
Total unearned compensation | $	$ 19
Performance Shares (PSUs and PSSs)
Share-based Compensation Arrangement by Share-based Payment Award
Total unearned compensation | $	$ 5
Amortization period, deferred compensation expense	2 years
Performance Shares (PSUs and PSSs) | Performance Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares) | shares	102,115
Grants in period, weighted-average fair value at grant date (in dollars per share) | $ / shares	$ 52.65
Performance period	3 years

Related-Party Transactions (Leg

Related-Party Transactions (Legal Services Narrative) (Details) - Family member of management - Related party legal services - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Related Party Transaction
Legal services	$ 2	$ 0	$ 3	$ 0
Due (to) from related parties	$ (2)		$ (2)		$ 0

Related-Party Transactions (Equ

Related-Party Transactions (Equity Method Investments Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Related Party Transaction
Management and franchise fees	$ 122	$ 110	$ 374	$ 332
Equity method investee
Related Party Transaction
Management and franchise fees	6	8	18	22
Due (to) from related parties	11		11		$ 7
Guarantee fees	$ 1	$ 1	$ 4	$ 3
Minimum
Related Party Transaction
Equity method investment, ownership percentage	24.00%		24.00%
Maximum
Related Party Transaction
Equity method investment, ownership percentage	70.00%		70.00%

Related-Party Transactions Rela

Related-Party Transactions Related-Party Transactions (Share Repurchase Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Related Party Transaction
Stock repurchased and retired during period (in shares)			9,492,729	5,556,424
Stock repurchased and retired during period			$ 555	$ 268
Percent of stock outstanding repurchased during period			7.00%	4.00%
Common Class B
Related Party Transaction
Stock repurchased and retired during period (in shares)	1,813,459	1,881,636	1,813,459	1,881,636
Stock repurchased and retired during period (in dollars per share)	$ 59.29	$ 53.15	$ 59.29	$ 53.15
Stock repurchased and retired during period	$ 107	$ 100	$ 107	$ 100
Percent of stock outstanding repurchased during period	2.00%	1.00%

Related-Party Transactions (Sha

Related-Party Transactions (Share Conversion Narrative) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Common Class B
Related Party Transaction
Conversion of stock, shares converted (in shares)	10,154,050	500,000	14,926,420	500,000
Common stock, par value per share (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Common Class A
Related Party Transaction
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01	$ 0.01

Segment Information (Summarized

Segment Information (Summarized Consolidated Financial Information by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information
Owned and leased hotels revenues	$ 518	$ 519	$ 1,667	$ 1,594
Other revenues	16	11	53	31
Management and franchise fees revenues	122	110	374	332
Other revenues from managed properties	463	448	1,407	1,385
Revenues	1,119	1,088	3,501	3,342
Adjusted EBITDA	180	192	637	613
Depreciation and amortization	92	87	274	254
Operating segments | Owned and leased hotels
Segment Reporting Information
Owned and leased hotels revenues	505	519	1,625	1,594
Other revenues	0	0	13	0
Adjusted EBITDA	104	120	383	400
Depreciation and amortization	75	71	222	211
Operating segments | Americas management and franchising
Segment Reporting Information
Management and franchise fees revenues	95	90	308	281
Other revenues from managed properties	419	409	1,278	1,266
Adjusted EBITDA	82	77	269	242
Depreciation and amortization	5	5	14	14
Operating segments | ASPAC management and franchising
Segment Reporting Information
Management and franchise fees revenues	27	23	79	67
Other revenues from managed properties	26	24	78	72
Adjusted EBITDA	17	14	48	38
Depreciation and amortization	0	0	1	1
Operating segments | EAME/SW Asia management and franchising
Segment Reporting Information
Management and franchise fees revenues	18	15	51	47
Other revenues from managed properties	18	15	51	47
Adjusted EBITDA	11	8	28	24
Depreciation and amortization	1	1	4	4
Intersegment eliminations
Segment Reporting Information
Revenues	(21)	(19)	(73)	(66)
Adjusted EBITDA	1	0	2	0
Intersegment eliminations | Owned and leased hotels
Segment Reporting Information
Revenues	3	0	7	0
Intersegment eliminations | Americas management and franchising
Segment Reporting Information
Revenues	15	16	58	57
Intersegment eliminations | ASPAC management and franchising
Segment Reporting Information
Revenues	0	1	1	1
Intersegment eliminations | EAME/SW Asia management and franchising
Segment Reporting Information
Revenues	3	2	7	8
Corporate and other
Segment Reporting Information
Revenues	32	12	91	34
Adjusted EBITDA	(35)	(27)	(93)	(91)
Depreciation and amortization	$ 11	$ 10	$ 33	$ 24

Segment Information (Reconcilia

Segment Information (Reconciliation of Net Income attributable to Hyatt Hotels Corporation to EBITDA and a Reconciliation of EBITDA to Consolidated Adjusted EBITDA) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting [Abstract]
NET INCOME ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ 16	$ 62	$ 173	$ 163
Interest expense	20	20	61	57
Provision for income taxes	14	28	100	65
Depreciation and amortization	92	87	274	254
EBITDA	142	197	608	539
Equity (earnings) losses from unconsolidated hospitality ventures	(1)	(25)	1	(46)
Stock-based compensation expense (Note 13)	5	1	26	21
(Gains) losses on sales of real estate (Note 6)	0	0	(34)	21
Other (income) loss, net (Note 17)	19	(4)	(23)	(1)
Pro rata share of unconsolidated hospitality ventures Adjusted EBITDA	15	23	59	79
Adjusted EBITDA	$ 180	$ 192	$ 637	$ 613

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of the Calculation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator:
Net income	$ 17	$ 62	$ 174	$ 163
Net income and accretion attributable to noncontrolling interests	(1)	0	(1)	0
NET INCOME ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ 16	$ 62	$ 173	$ 163
Denominator:
Basic weighted average shares outstanding (in shares)	124,010,961	131,917,434	126,399,472	133,672,570
Share-based compensation and equity-classified forward contract (in shares)	1,396,922	1,146,718	1,315,462	933,563
Diluted weighted average shares outstanding (in shares)	125,407,883	133,064,152	127,714,934	134,606,133
Basic Earnings Per Share:
Net income—Basic (in dollars per share)	$ 0.14	$ 0.48	$ 1.38	$ 1.22
Net income and accretion attributable to noncontrolling interests - Basic (in dollars per share)	(0.01)	0	(0.01)	0
Net income attributable to Hyatt Hotels Corporation—Basic (in dollars per share)	0.13	0.48	1.37	1.22
Diluted Earnings Per Share:
Net income—Diluted (in dollars per share)	0.14	0.47	1.37	1.21
Net income and accretion attributable to noncontrolling interests - Diluted (in dollars per share)	(0.01)	0	(0.01)	0
Net income attributable to Hyatt Hotels Corporation—Diluted (in dollars per share)	$ 0.13	$ 0.47	$ 1.36	$ 1.21

Earnings Per Share (Anti-diluti

Earnings Per Share (Anti-dilutive Shares Issued) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Stock Appreciation Rights (SARS)
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	29,100	73,300	32,300	80,400
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	400	0	200	4,200

Other Income (Loss), Net (Recon

Other Income (Loss), Net (Reconciliation of Components in Other Income (Loss), Net) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Income and Expenses [Abstract]
Interest income (Note 4)	$ 2	$ 2	$ 99	$ 5
Depreciation recovery	7	8	19	19
Performance guarantee liability amortization (Note 11)	5	8	14	25
Debt repayment guarantee liability amortization (Note 11)	2	0	8	1
Cease use liability	(21)	0	(21)	0
Realized losses (Note 4)	0	0	(40)	0
Performance guarantee expense, net (Note 11)	(14)	(13)	(54)	(40)
Other	0	(1)	(2)	(9)
Other income (loss), net	(19)	$ 4	23	$ 1
Recorded cease use liability	$ 21		$ 21

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2017	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2016
Subsequent Event [Line Items]
Proceeds from sales of real estate, net of cash disposed			$ 296	$ 289
Avendra LLC | Scenario, forecast
Subsequent Event [Line Items]
Equity method investment, net sales proceeds		$ 210
Disposal group, disposed of by sale | Hyatt Regency Scottsdale and Royal Palms Resort & Spa | Subsequent event
Subsequent Event [Line Items]
Proceeds from sales of real estate, net of cash disposed	$ 305