Hyatt Hotels (H) 10-Q 2 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 27, 2023
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-34521
Entity Registrant Name	HYATT HOTELS CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1480589
Entity Address, Address Line One	150 North Riverside Plaza
Entity Address, Address Line Two	8th Floor
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60606
City Area Code	312
Local Phone Number	750-1234
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	H
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001468174
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A
Document Information
Entity Common Stock, Shares Outstanding		44,221,190
Common Class B
Document Information
Entity Common Stock, Shares Outstanding		58,917,749

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
REVENUES:
Total revenues	$ 1,622	$ 1,541	$ 5,007	$ 4,303
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Depreciation and amortization	100	96	297	320
Other direct costs	81	73	266	209
Selling, general, and administrative	131	108	434	295
Direct and selling, general, and administrative expenses	1,514	1,396	4,716	3,966
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	(9)	(12)	26	(89)
Equity earnings (losses) from unconsolidated hospitality ventures	7	2	4	(6)
Interest expense	(41)	(38)	(105)	(116)
Gains (losses) on sales of real estate and other	18	(1)	18	250
Asset impairments	(6)	(9)	(13)	(19)
Other income (loss), net	24	(24)	80	(53)
INCOME BEFORE INCOME TAXES	101	63	301	304
PROVISION FOR INCOME TAXES	(33)	(35)	(107)	(143)
NET INCOME	68	28	194	161
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	0	0
NET INCOME ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ 68	$ 28	$ 194	$ 161
EARNINGS PER SHARE—Basic
Net income (in dollars per share)	$ 0.65	$ 0.25	$ 1.84	$ 1.46
Net income attributable to Hyatt Hotels Corporation (in dollars per share)	0.65	0.25	1.84	1.46
EARNINGS PER SHARE—Diluted
Net income (in dollars per share)	0.63	0.25	1.80	1.44
Net income attributable to Hyatt Hotels Corporation (in dollars per share)	$ 0.63	$ 0.25	$ 1.80	$ 1.44
Owned and leased hotels
REVENUES:
Total revenues	$ 329	$ 309	$ 984	$ 911
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Costs of goods and services sold	256	236	753	675
Net management, franchise, license, and other fees
REVENUES:
Total revenues	238	215	695	555
Management, franchise, license, and other fees
REVENUES:
Total revenues	250	224	729	582
Contra revenue
REVENUES:
Total revenues	(12)	(9)	(34)	(27)
Distribution and destination management
REVENUES:
Total revenues	222	244	823	746
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Costs of goods and services sold	182	186	664	586
Other revenues
REVENUES:
Total revenues	79	68	238	206
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
REVENUES:
Total revenues	754	705	2,267	1,885
Costs incurred on behalf of managed and franchised properties
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Costs of goods and services sold	$ 764	$ 697	$ 2,302	$ 1,881

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 68	$ 28	$ 194	$ 161
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax of $1 and $— for the three and nine months ended September 30, 2023, respectively, and $— for the three and nine months ended September 30, 2022	(26)	(22)	8	(35)
Derivative instrument adjustments, net of tax of $— and $(1) for the three and nine months ended September 30, 2023, respectively, and $— for the three and nine months ended September 30, 2022	3	2	5	5
Available-for-sale debt securities unrealized fair value adjustments, net of tax of $(2) for the three and nine months ended September 30, 2023 and $— for the three and nine months ended September 30, 2022	5	(5)	5	(15)
Other comprehensive income (loss)	(18)	(25)	18	(45)
COMPREHENSIVE INCOME	50	3	212	116
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	0	0	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$ 50	$ 3	$ 212	$ 116

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - Parentheticals - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 1	$ 0	$ 0	$ 0
Unrealized gains on derivative activity, tax	0	0	(1)	0
Unrealized losses on available-for-sale debt securities, tax	$ (2)	$ 0	$ (2)	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2023		Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 701		$ 991
Restricted cash	13	[1]	39
Short-term investments	26		158
Receivables, net of allowances of $54 and $63 at September 30, 2023 and December 31, 2022, respectively	762		834
Inventories	10		9
Prepaids and other assets	183		180
Prepaid income taxes	56		39
Total current assets	1,751		2,250
Equity method investments	212		178
Property and equipment, net	2,373		2,384
Financing receivables, net of allowances of $40 and $44 at September 30, 2023 and December 31, 2022, respectively	71		60
Operating lease right-of-use assets	366		385
Goodwill	3,202		3,101
Intangibles, net	1,728		1,668
Deferred tax assets	312		257
Other assets	2,302		2,029
TOTAL ASSETS	12,317		12,312
CURRENT LIABILITIES:
Current maturities of long-term debt	6		660
Accounts payable	369		500
Accrued expenses and other current liabilities	461		415
Current contract liabilities	1,350		1,438
Accrued compensation and benefits	182		235
Current operating lease liabilities	40		39
Total current liabilities	2,408		3,287
Long-term debt	3,049		2,453
Long-term contract liabilities	1,700		1,495
Long-term operating lease liabilities	276		298
Other long-term liabilities	1,295		1,077
Total liabilities	8,728		8,610
Commitments and contingencies (see Note 12)
EQUITY:
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized and none outstanding at both September 30, 2023 and December 31, 2022	0		0
Common stock	1		1
Additional paid-in capital	25		318
Retained earnings	3,784		3,622
Accumulated other comprehensive loss	(224)		(242)
Total stockholders' equity	3,586		3,699
Noncontrolling interests in consolidated subsidiaries	3		3
Total equity	3,589		3,702
TOTAL LIABILITIES AND EQUITY	$ 12,317		$ 12,312
[1](1) Restricted cash generally represents collateral for certain obligations, escrow deposits, and other arrangements.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS - Parentheticals - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Allowance for doubtful accounts receivable, current	$ 54	$ 63
Financing receivable, allowance for credit loss	$ 40	$ 44
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)	44,677,518	47,482,787
Common stock, shares, issued (in shares)	44,677,518	47,482,787
Common Class B
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	390,912,161	390,912,161
Common stock, shares, outstanding (in shares)	58,917,749	58,917,749
Common stock, shares, issued (in shares)	58,917,749	58,917,749

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 194	$ 161
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		297	320
Gains on sales of real estate and other		(18)	(250)
Amortization of share awards		60	47
Amortization of operating lease right-of-use assets		28	25
Deferred income taxes		(64)	(7)
Asset impairments		13	19
Equity (earnings) losses from unconsolidated hospitality ventures		(4)	6
Loss on extinguishment of debt		0	8
Contra revenue		34	27
Unrealized (gains) losses, net		(9)	68
Distributions from unconsolidated hospitality ventures		8	11
Working capital changes and other		(113)	(32)
Net cash provided by operating activities		426	403
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments		(378)	(780)
Proceeds from marketable securities and short-term investments		459	886
Contributions to equity method and other investments		(36)	(7)
Return of equity method and other investments		7	38
Acquisitions, net of cash acquired		(175)	(174)
Capital expenditures		(134)	(142)
Issuance of financing receivables		(31)	(22)
Proceeds from sales of real estate and other, net of cash disposed		(10)	590
Other investing activities		(6)	41
Net cash provided by (used in) investing activities		(304)	430
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt, net of issuance costs of $4 and $—, respectively		596	0
Repayments and repurchases of debt		(659)	(17)
Repurchases of common stock		(358)	(263)
Dividends paid		(32)	0
Utilization of restricted cash for legal defeasance of Series 2005 Bonds		0	(8)
Other financing activities		(13)	(17)
Net cash used in financing activities		(466)	(305)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(5)	26
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, INCLUDING CASH, CASH EQUIVALENTS, AND RESTRICTED CASH CLASSIFIED WITHIN CURRENT ASSETS HELD FOR SALE		(349)	554
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH RECLASSIFIED TO ASSETS HELD FOR SALE		0	(2)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(349)	552
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—BEGINNING OF YEAR		1,067	1,065
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—END OF PERIOD		718	1,617
Supplemental disclosure of cash flow information:
Cash and cash equivalents		701	1,223
Restricted cash	[1]	13	356	[2]
Restricted cash included in other assets	[1]	4	38	[2]
Total cash, cash equivalents, and restricted cash		718	1,617
Cash paid during the period for interest		80	95
Cash paid during the period for income taxes		124	87
Cash paid for amounts included in the measurement of operating lease liabilities		37	33
Non-cash investing and financing activities are as follows:
Change in accrued capital expenditures		14	5
Non-cash redemption of financing receivable		20	0
Non-cash right-of-use assets obtained in exchange for operating lease liabilities		11	20
Non-cash contingent consideration liability assumed in acquisition (see Note 6)		107	0
Non-cash contingent consideration receivable recorded in disposition (see Note 6)		28	0
Non-cash redemption of held-to-maturity debt security in exchange for equity method investment (see Note 4)		32	0
Non-cash legal defeasance of Series 2005 Bonds (see Note 6)		0	166
Non-cash reduction in right-of-use assets and operating lease liabilities for lease reassessment		0	12
Non-cash held-to-maturity debt security received (see Note 6)		0	19
Non-cash repurchases of common stock		$ 0	$ 16
[1](1) Restricted cash generally represents collateral for certain obligations, escrow deposits, and other arrangements.[2](1) Restricted cash generally represents collateral for certain obligations, escrow deposits, and other arrangements.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Parenthetical - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Cash Flows [Abstract]
Debt issuance cost	$ 4	$ 0

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Millions		Total	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests in Consolidated Subsidiaries	Common Class A	Common Class A Common Stock Amount	Common Class B	Common Class B Common Stock Amount
Common stock, shares, beginning balance (in shares) at Dec. 31, 2021								50,322,050		59,653,271
Balance, beginning of period at Dec. 31, 2021		$ 3,566	$ 640	$ 3,167	$ (245)	$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		(59)		(73)	14
Employee stock plan issuance (in shares)								12,221
Employee stock plan issuance		1	1
Class share conversions (in shares)								635,522		(635,522)
Share-based payment activity (in shares)								303,355
Share-based payment activity		16	16
Common stock, shares, ending balance (in shares) at Mar. 31, 2022								51,273,148		59,017,749
Balance, end of period at Mar. 31, 2022		3,524	657	3,094	(231)	3		$ 1		$ 0
Common stock, shares, beginning balance (in shares) at Dec. 31, 2021								50,322,050		59,653,271
Balance, beginning of period at Dec. 31, 2021		3,566	640	3,167	(245)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		116
Class share conversions (in shares)							635,522		(635,522)
Cash dividends		0					$ 0		$ 0
Common stock, shares, ending balance (in shares) at Sep. 30, 2022								48,412,428		59,017,749
Balance, end of period at Sep. 30, 2022		3,446	404	3,328	(290)	3		$ 1		$ 0
Common stock, shares, beginning balance (in shares) at Mar. 31, 2022								51,273,148		59,017,749
Balance, beginning of period at Mar. 31, 2022		3,524	657	3,094	(231)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		172		206	(34)
Repurchases of common stock (in shares)								(1,210,402)
Repurchases of common stock		(101)	(101)
Employee stock plan issuance (in shares)								13,963
Employee stock plan issuance		1	1
Share-based payment activity (in shares)								19,623
Share-based payment activity		16	16
Common stock, shares, ending balance (in shares) at Jun. 30, 2022								50,096,332		59,017,749
Balance, end of period at Jun. 30, 2022		3,612	573	3,300	(265)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		3		28	(25)
Repurchases of common stock (in shares)								(1,865,489)
Repurchases of common stock		(162)	(162)
Liability for repurchases of common stock	[1]	(16)	(16)
Employee stock plan issuance (in shares)								18,143
Employee stock plan issuance		2	2
Share-based payment activity (in shares)								163,442
Share-based payment activity		7	7
Cash dividends		0					$ 0		$ 0
Common stock, shares, ending balance (in shares) at Sep. 30, 2022								48,412,428		59,017,749
Balance, end of period at Sep. 30, 2022		3,446	404	3,328	(290)	3		$ 1		$ 0
Common stock, shares, beginning balance (in shares) at Dec. 31, 2022							47,482,787	47,482,787	58,917,749	58,917,749
Balance, beginning of period at Dec. 31, 2022		3,702	318	3,622	(242)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		77		58	19
Repurchases of common stock (in shares)	[2]							(1,018,931)
Repurchases of common stock	[2]	(98)	(98)
Liability for repurchases of common stock	[3]	(8)	(8)
Employee stock plan issuance (in shares)								13,925
Employee stock plan issuance		1	1
Share-based payment activity (in shares)								366,917
Share-based payment activity		22	22
Common stock, shares, ending balance (in shares) at Mar. 31, 2023								46,844,698		58,917,749
Balance, end of period at Mar. 31, 2023		3,696	235	3,680	(223)	3		$ 1		$ 0
Common stock, shares, beginning balance (in shares) at Dec. 31, 2022							47,482,787	47,482,787	58,917,749	58,917,749
Balance, beginning of period at Dec. 31, 2022		3,702	318	3,622	(242)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		212
Cash dividends		(32)					$ (14)		$ (18)
Common stock, shares, ending balance (in shares) at Sep. 30, 2023							44,677,518	44,677,518	58,917,749	58,917,749
Balance, end of period at Sep. 30, 2023		3,589	25	3,784	(224)	3		$ 1		$ 0
Common stock, shares, beginning balance (in shares) at Mar. 31, 2023								46,844,698		58,917,749
Balance, beginning of period at Mar. 31, 2023		3,696	235	3,680	(223)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		85		68	17
Repurchases of common stock (in shares)	[4]							(968,629)
Repurchases of common stock	[4]	(101)	(101)
Employee stock plan issuance (in shares)								18,337
Employee stock plan issuance		2	2
Share-based payment activity (in shares)								8,193
Share-based payment activity		19	19
Cash dividends		(16)		(16)
Common stock, shares, ending balance (in shares) at Jun. 30, 2023								45,902,599		58,917,749
Balance, end of period at Jun. 30, 2023		3,685	155	3,732	(206)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive (loss) Income		50		68	(18)
Repurchases of common stock (in shares)	[5]							(1,246,366)
Repurchases of common stock	[5]	(145)	(145)
Employee stock plan issuance (in shares)								14,489
Employee stock plan issuance		2	2
Share-based payment activity (in shares)								6,796
Share-based payment activity		13	13
Cash dividends		(16)		(16)			$ (7)		$ (9)
Common stock, shares, ending balance (in shares) at Sep. 30, 2023							44,677,518	44,677,518	58,917,749	58,917,749
Balance, end of period at Sep. 30, 2023		$ 3,589	$ 25	$ 3,784	$ (224)	$ 3		$ 1		$ 0
[1] (1) Represents repurchases of 189,000 shares for $16 million that were initiated prior to September 30, 2022 , but settled in the fourth quarter of 2022.

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - Parenthetical - USD ($) $ in Millions		3 Months Ended			9 Months Ended
	Dec. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividend paid (in dollars per share)		$ 0.15	$ 0.15
Shares repurchased and not settled yet (in shares)	106,116		968,629	1,018,931
Non-cash repurchases of common stock	$ 9		$ 108	$ 106	$ 0
Liability for shares	9		$ 8	9
Excise tax payable	$ 1	$ 1		$ 1	$ 1

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Hyatt Hotels Corporation, a Delaware corporation, and its consolidated subsidiaries have offerings that consist of full service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. We also offer distribution and destination management services through ALG Vacations, a paid membership program through the Unlimited Vacation Club, and a boutique and luxury global travel platform through Mr & Mrs Smith. A t September 30, 2023, our hotel portfolio included 603 full service hotels, comprising 188,253 rooms throughout the world; 587 select service hotels, comprising 86,292 rooms, of which 454 hotels are located in the United States; and 120 all-inclusive resorts, comprising 38,712 rooms. At September 30, 2023, our portfolio of properties operated in 76 c ountries around the world. Additionally, we provide certain reservation and/or loyalty program services to hotels that are unaffiliated with our hotel portfolio and operate under other tradenames or marks owned by such hotels or licensed by third parties. Unless otherwise specified or required by the context, references in this Quarterly Report on Form 10-Q ("Quarterly Report") to "Hyatt," the "Company," "we," "us," or "our" mean Hyatt Hotels Corporation and its consolidated subsidiaries. As used in these Notes and throughout this Quarterly Report on Form 10-Q: • "hospitality ventures" refers to entities in which we own less than a 100% equity interest; • "hotel portfolio" refers to our full service hotels, including our wellness resorts, our select service hotels, and our all-inclusive resorts; • "loyalty program" refers to the World of Hyatt guest loyalty program that is operated for the benefit of participating properties and generates substantial repeat guest business by rewarding frequent stays with points that can be redeemed for hotel nights and other valuable rewards; • "properties," "portfolio of properties," or "property portfolio" refer to our hotel portfolio and residential and vacation units that we operate, manage, franchise, own, lease, develop, license, or to which we provide services or license our trademarks, including under the Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Vacation Club, Hyatt Place, Hyatt House, Hyatt Studios, UrCove, Miraval, Alila, Andaz, Thompson Hotels, Dream Hotels, Hyatt Centric, Caption by Hyatt, The Unbound Collection by Hyatt, Destination by Hyatt, JdV by Hyatt, Impression by Secrets, Hyatt Ziva, Hyatt Zilara, Zoëtry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas brands; • "residential units" refer to residential units that we manage, own, or to which we provide services or license our trademarks (such as serviced apartments and Hyatt-branded residential units) that are typically part of a mixed-use project and located either adjacent to or near a full service hotel that is a member of our portfolio of properties or in unique leisure locations; and • "vacation units" refer to the fractional and timeshare vacation properties with respect to which we license our trademarks and that are part of the Hyatt Vacation Club. 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, 2022 (the "2022 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, 2023
Accounting Policies [Abstract]
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Adopted Accounting Standards Reference Rate Reform —In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2020-04 ("ASU 2020-04"), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients and exceptions that we can elect to adopt, subject to meeting certain criteria, regarding contract modifications, hedging relationships, and other transactions that reference the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued Accounting Standards Update No. 2022-06 ("ASU 2022-06"), Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 . ASU 2022-06 was effective upon issuance and defers the sunset date of Topic 848 by two years, extending the provisions of ASU 2020-04 through December 31, 2024. During the nine months ended September 30, 2023, we amended certain LIBOR-based contracts and adopted the provisions of ASU 2020-04 in conjunction with the amendments. We are also in the process of converting other LIBOR-based contracts to alternative reference rates. ASU 2020-04 did not materially impact our condensed consolidated financial statements upon adoption and is not expected to have a material future impact as we apply optional expedients or exceptions.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregated Revenues The following tables present our revenues disaggregated by the nature of the product or service: Three Months Ended September 30, 2023 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME management and franchising Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 208 $ — $ — $ — $ 17 $ — $ (8) $ 217 Food and beverage 73 — — — — — — 73 Other 37 — — — 2 — — 39 Owned and leased hotels 318 — — — 19 — (8) 329 Base management fees — 63 17 11 13 — (10) 94 Incentive management fees — 12 20 6 16 — (3) 51 Franchise, license, and other fees — 62 5 5 9 24 — 105 Management, franchise, license, and other fees — 137 42 22 38 24 (13) 250 Contra revenue — (7) (1) (3) (1) — — (12) Net management, franchise, license, and other fees — 130 41 19 37 24 (13) 238 Distribution and destination management — — — — 222 — — 222 Other revenues — 20 — — 50 8 1 79 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 659 39 26 30 — — 754 Total $ 318 $ 809 $ 80 $ 45 $ 358 $ 32 $ (20) $ 1,622 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. Nine Months Ended September 30, 2023 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME management and franchising Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 623 $ — $ — $ — $ 24 $ — $ (23) $ 624 Food and beverage 242 — — — — — — 242 Other 116 — — — 2 — — 118 Owned and leased hotels 981 — — — 26 — (23) 984 Base management fees — 189 50 29 42 — (29) 281 Incentive management fees — 52 60 22 45 — (12) 167 Franchise, license, and other fees — 171 12 13 26 59 — 281 Management, franchise, license, and other fees — 412 122 64 113 59 (41) 729 Contra revenue — (19) (3) (9) (3) — — (34) Net management, franchise, license, and other fees — 393 119 55 110 59 (41) 695 Distribution and destination management — — — — 823 — — 823 Other revenues — 83 — — 134 20 1 238 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,986 115 72 94 — — 2,267 Total $ 981 $ 2,462 $ 234 $ 127 $ 1,187 $ 79 $ (63) $ 5,007 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. Three Months Ended September 30, 2022 Owned and leased hotels Americas management and franchising ASPAC management and franchising (2) EAME management and franchising (2) Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 196 $ — $ — $ — $ 15 $ — $ (7) $ 204 Food and beverage 69 — — — — — — 69 Other 35 — — — 1 — — 36 Owned and leased hotels 300 — — — 16 — (7) 309 Base management fees — 60 14 9 10 — (9) 84 Incentive management fees — 15 13 6 12 — (3) 43 Franchise, license, and other fees — 52 3 11 18 13 — 97 Management, franchise, license, and other fees — 127 30 26 40 13 (12) 224 Contra revenue — (5) (1) (2) (1) — — (9) Net management, franchise, license, and other fees — 122 29 24 39 13 (12) 215 Distribution and destination management — — — — 244 — — 244 Other revenues — 28 — — 37 3 — 68 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 614 43 21 27 — — 705 Total $ 300 $ 764 $ 72 $ 45 $ 363 $ 16 $ (19) $ 1,541 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. (2) Amounts presented have been adjusted for changes within the segments effective on January 1, 2023 (see Note 16). Nine Months Ended September 30, 2022 Owned and leased hotels Americas management and franchising ASPAC management and franchising (2) EAME management and franchising (2) Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 572 $ — $ — $ — $ 19 $ — $ (21) $ 570 Food and beverage 225 — — — — — — 225 Other 115 — — — 1 — — 116 Owned and leased hotels 912 — — — 20 — (21) 911 Base management fees — 167 32 24 27 — (27) 223 Incentive management fees — 45 25 19 48 — (9) 128 Franchise, license, and other fees — 142 10 14 31 34 — 231 Management, franchise, license, and other fees — 354 67 57 106 34 (36) 582 Contra revenue — (17) (3) (6) (1) — — (27) Net management, franchise, license, and other fees — 337 64 51 105 34 (36) 555 Distribution and destination management — — — — 746 — — 746 Other revenues — 91 — — 104 9 2 206 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,632 114 57 82 — — 1,885 Total $ 912 $ 2,060 $ 178 $ 108 $ 1,057 $ 43 $ (55) $ 4,303 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. (2) Amounts presented have been adjusted for changes within the segments effective on January 1, 2023 (see Note 16). Contract Balances Contract assets, included in receivables, net on our condensed consolidated balance sheets, were insignificant at both September 30, 2023 and December 31, 2022. As our profitability hurdles are generally calculated on a full-year basis, we expect our contract assets to be insignificant at year-end. Contract liabilities were comprised of the following: September 30, 2023 December 31, 2022 Deferred revenue related to the paid membership program $ 1,162 $ 1,013 Deferred revenue related to the loyalty program 1,101 928 Deferred revenue related to travel distribution and destination management services 570 732 Advanced deposits 59 61 Initial fees received from franchise owners 45 45 Deferred revenue related to insurance programs 5 66 Other deferred revenue 108 88 Total contract liabilities $ 3,050 $ 2,933 Revenue recognized during the three months ended September 30, 2023 and September 30, 2022 included in the contract liabilities balance at the beginning of each year was $184 million and $153 million, respectively. Revenue recognized during the nine months ended September 30, 2023 and September 30, 2022 included in the contract liabilities balance at the beginning of each year was $1,058 million and $822 million, respectively. This revenue primarily relates to travel distribution and destination management services, the loyalty program, and the Unlimited Vacation Club paid membership program. Revenue Allocated to Remaining Performance Obligations Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted revenue expec ted to be recognized in future periods was approximately $550 million at September 30, 2023, approximately 20% of which we expect to recognize over the next 12 months, with the remainder to be recognized thereafter.

DEBT AND EQUITY SECURITIES

DEBT AND EQUITY SECURITIES	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
DEBT AND EQUITY SECURITIES	DEBT AND EQUITY SECURITIES We invest in debt and equity securities that we believe are strategically and operationally important to our business. These investments take the form of (i) equity method investments where we have the ability to significantly influence the operations of the entity, (ii) marketable securities held to fund operating programs and for investment purposes, and (iii) other types of investments. Equity Method Investments Equity method investments were $212 million and $178 million at September 30, 2023 and December 31, 2022, respectively. During the three months ended September 30, 2023, we acquired 50% of the outstanding shares of a third-party entity that owns three of our managed properties in India in exchange for the non-cash redemption of a held-to-maturity ("HTM") debt security. Upon completion, one of our unconsolidated hospitality ventures in India acquired 100% of the outstanding shares of the entity, and we recorded a $32 million equity method investment on our condensed consolidated balance sheet at September 30, 2023. On September 28, 2023, our unconsolidated hospitality venture publicly filed a draft red herring prospectus with the Securities and Exchange Board of India in conjunction with a proposed initial public offering of equity shares, subject to market conditions and regulatory approvals. During the nine months ended September 30, 2022, we received $23 million of proceeds related to the sale of our ownership interest in an equity method investment and recognized a $4 million pre-tax gain in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income, net of a $5 million reclassification from accumulated other comprehensive loss (see Note 13). Marketable Securities We hold marketable securities with readily determinable fair values to fund certain operating programs and for investment purposes. We periodically transfer available cash and cash equivalents to purchase marketable securities for investment purposes. Marketable Securities Held to Fund Operating Programs —Marketable securities held to fund operating programs, which are recorded at fair value on our condensed consolidated balance sheets, were as follows: September 30, 2023 December 31, 2022 Loyalty program (Note 8) $ 809 $ 728 Deferred compensation plans held in rabbi trusts (Note 8 and Note 10) 449 420 Captive insurance company (Note 8) 103 110 Total marketable securities held to fund operating programs $ 1,361 $ 1,258 Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments (352) (339) Marketable securities held to fund operating programs included in other assets $ 1,009 $ 919 At September 30, 2023 and December 31, 2022, marketable securities held to fund operating programs included: • $297 million and $174 million, respectively, of available-for-sale ("AFS") debt securities with contractual maturity dates ranging from 2023 through 2069. The amortized cost of our AFS debt securities approximates fair value; • $26 million and $138 million, respectively, of time deposits classified as HTM debt securities with contractual maturity dates ranging from 2023 through 2025. The amortized cost of our time deposits approximates fair value; • $14 million and $62 million, respectively, of equity securities with a readily determinable fair value. Net unrealized and realized gains (losses) from marketable securities held to fund operating programs recognized on our condensed consolidated financial statements were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Unrealized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ (10) $ (12) $ 21 $ (90) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (2) (4) (6) 11 (43) Other income (loss), net (Note 18) (5) (12) — (42) Other comprehensive income (loss) (Note 13) — (5) — (15) Realized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ 1 $ — $ 5 $ 1 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (2) 1 — 3 1 Other income (loss), net (Note 18) (1) — (1) — (1) Unrealized and realized gains and losses recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts are offset by amounts recognized in owned and leased hotels expenses and selling, general, and administrative expenses with no impact on net income. (2) Unrealized and realized gains and losses recognized in revenues for the reimbursement of costs incurred on behalf of managed and franchised properties related to investments held to fund rabbi trusts are offset by amounts recognized in costs incurred on behalf of managed and franchised properties with no impact on net income. Marketable Securities Held for Investment Purposes —Marketable securities held for investment purposes, which are recorded at cost or fair value, depending on the nature of the investment, on our condensed consolidated balance sheets, were as follows: September 30, 2023 December 31, 2022 Interest-bearing money market funds $ 57 $ 430 Common shares in Playa N.V. (Note 8) 88 79 Time deposits (1) 9 10 Total marketable securities held for investment purposes $ 154 $ 519 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (65) (440) Marketable securities held for investment purposes included in other assets $ 89 $ 79 (1) Time deposits have contractual maturity dates ranging from 2023 through 2025. The amortized cost of our time deposits approximates fair value. We hold common shares in Playa Hotels & Resorts N.V. ("Playa N.V."), which are accounted for as an equity security with a readily determinable fair value as we do not have the ability to significantly influence the operations of the entity. We did not sell any of these common shares during the nine months ended September 30, 2023 or September 30, 2022. Net unrealized gains (losses) recognized on our condensed consolidated statements of income were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Other income (loss), net (Note 18) $ (11) $ (12) $ 9 $ (26) Fair Value —We measure marketable securities at fair value on a recurring basis: September 30, 2023 Cash and cash equivalents Short-term investments Other assets Level One—Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 390 $ 390 $ — $ — Mutual funds and exchange-traded funds 455 — — 455 Common shares 96 — — 96 Level Two—Significant Other Observable Inputs Time deposits 35 1 8 26 U.S. government obligations 249 — 8 241 U.S. government agencies 42 — 6 36 Corporate debt securities 201 — 4 197 Mortgage-backed securities 19 — — 19 Asset-backed securities 25 — — 25 Municipal and provincial notes and bonds 3 — — 3 Total $ 1,515 $ 391 $ 26 $ 1,098 December 31, 2022 Cash and cash equivalents Short-term investments Other assets Level One—Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 620 $ 620 $ — $ — Mutual funds 482 — — 482 Common shares in Playa N.V. 79 — — 79 Level Two—Significant Other Observable Inputs Time deposits 148 1 145 2 U.S. government obligations 237 — 3 234 U.S. government agencies 55 — 8 47 Corporate debt securities 109 — 2 107 Mortgage-backed securities 21 — — 21 Asset-backed securities 21 — — 21 Municipal and provincial notes and bonds 5 — — 5 Total $ 1,777 $ 621 $ 158 $ 998 During the nine months ended September 30, 2023 and September 30, 2022, there were no transfers between levels of the fair value hierarchy. We do not have nonfinancial assets or nonfinancial liabilities required to be measured at fair value on a recurring basis. Other Investments HTM Debt Securities —We hold investments in third-party entities associated with certain of our hotels. The investments are redeemable on various dates through 2062 and recorded as HTM debt securities within other assets on our condensed consolidated balance sheets: September 30, 2023 December 31, 2022 HTM debt securities $ 52 $ 96 Less: allowance for credit losses (13) (31) Total HTM debt securities, net of allowances $ 39 $ 65 The following table summarizes the activity in our HTM debt securities allowance for credit losses: 2023 2022 Allowance at January 1 $ 31 $ 38 Provisions, net (1) 2 2 Write-offs (3) — Allowance at June 30 $ 30 $ 40 Reversals, net (1) (17) (10) Allowance at September 30 $ 13 $ 30 (1) Provisions for credit losses were partially or fully offset by interest income recognized in the same periods (see Note 18). We estimated the fair value of these HTM debt securities to be approximately $39 million and $81 million at September 30, 2023 and December 31, 2022, respectively. The fair values of our investments in preferred shares, which are classified as Level Three in the fair value hierarchy, are estimated using internally-developed discounted cash flow models based on current market inputs for similar types of arrangements. The primary sensitivity in these models is the selection of appropriate discount rates. Fluctuations in these assumptions could result in different estimates of fair value. The remaining HTM debt securities are classified as Level Two in the fair value hierarchy due to the use and weighting of multiple market inputs being considered in the final price of the security. Convertible Debt Security —During the nine months ended September 30, 2023, we invested in a $30 million convertible debt security associated with a franchised property, which is classified as AFS and recorded in other assets on our condensed consolidated balance sheet. The investment has a contractual maturity date in 2029. The convertible debt investment is remeasured at fair value on a recurring basis and is classified as Level Three in the fair value hierarchy. We estimated the fair value of this investment to be $37 million at September 30, 2023. The fair value is estimated using a discounted future cash flow model, and the primary sensitivity in the model is the selection of an appropriate discount rate. Fluctuations in our assumptions could result in different estimates of fair value. Net unrealized gains recognized on our condensed consolidated financial statements were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Other comprehensive income (loss) (Note 13) $ 7 $ — $ 7 $ —

RECEIVABLES

RECEIVABLES	9 Months Ended
	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
RECEIVABLES	RECEIVABLES Receivables At September 30, 2023 and December 31, 2022, we had $762 million and $834 million, respectively, of net receivables recorded on our condensed consolidated balance sheets. The following table summarizes the activity in our receivables allowance for credit losses: 2023 2022 Allowance at January 1 $ 63 $ 53 Provisions (reversals), net (4) 13 Write-offs (4) (6) Other — (1) Allowance at June 30 $ 55 $ 59 Write-offs (1) (4) Other — 3 Allowance at September 30 $ 54 $ 58 Financing Receivables September 30, 2023 December 31, 2022 Unsecured financing to hotel owners $ 122 $ 120 Less: current portion of financing receivables, included in receivables, net (11) (16) Less: allowance for credit losses (40) (44) Total long-term financing receivables, net of allowances $ 71 $ 60 Allowance for Credit Losses— The following table summarizes the activity in our unsecured financing receivables allowance for credit losses: 2023 2022 Allowance at January 1 $ 44 $ 69 Reversals, net (2) (7) Write-offs (2) (1) Foreign currency exchange, net — (1) Allowance at June 30 $ 40 $ 60 Reversals, net — (2) Write-offs (1) — (14) Foreign currency exchange, net — (1) Allowance at September 30 $ 40 $ 43 (1) The amount written off during the three months ended September 30, 2022 primarily related to loans with a third-party that were sold. Credit Monitoring— Our unsecured financing receivables were as follows: September 30, 2023 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 115 $ (38) $ 77 $ 21 Other financing arrangements 7 (2) 5 — Total unsecured financing receivables $ 122 $ (40) $ 82 $ 21 December 31, 2022 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 118 $ (43) $ 75 $ 22 Other financing arrangements 2 (1) 1 1 Total unsecured financing receivables $ 120 $ (44) $ 76 $ 23 Fair Value— We estimated the fair value of financing receivables to be approximately $131 million and $117 million at September 30, 2023 and December 31, 2022, respectively. The fair values, which are classified as Level Three in the fair value hierarchy, are estimated using discounted future cash flow models. The principal inputs used are projected future cash flows and the discount rate, which is generally the effective interest rate of the loan.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Acquisitions Mr & Mrs Smith —During the nine months ended September 30, 2023, we acquired 100% of the outstanding shares of Smith Global Limited ("Mr & Mrs Smith") in a business combination through a locked box structure. The enterprise value of £53 million was subject to customary adjustments related to indebtedness and net working capital as of the locked box date, as well as a value accrual representing the economic value from the locked box date through the acquisition date. We closed on the transaction on June 2, 2023 and paid cash of £58 million (approximately $72 million using exchange rates as of the acquisition date). Net assets acquired were determined as follows: Cash paid, net of cash acquired $ 50 Cash acquired 22 Net assets acquired $ 72 The acquisition includes technology related to a boutique and luxury global travel platform, brand name, and relationships with affiliated hotel owners. Following the acquisition date, fee revenues and operating expenses of Mr & Mrs Smith were recognized on our condensed consolidated statements of income. During the three months ended September 30, 2023 and for the period from the acquisition date through September 30, 2023, total revenues attributable to Mr & Mrs Smith were $7 million and $9 million, respectively. During both the three months ended September 30, 2023 and for the period from the acquisition date through September 30, 2023, net income attributable to Mr & Mrs Smith was $3 million. Our condensed consolidated balance sheet at September 30, 2023 reflects preliminary estimates of the fair value of the assets acquired and liabilities assumed based on available information as of the acquisition date. The fair values of intangible assets acquired are estimated using discounted future cash flow models, the relief from royalty method, or a cost-based approach. Depending on the valuation method, these estimates include revenue projections based on long-term growth rates, expected attrition, historical cost information, and/or an obsolescence factor, all of which are primarily Level Three assumptions. The remaining assets and liabilities were recorded at their carrying values, which approximate their fair values. During the three months ended September 30, 2023, the fair values of certain assets acquired and liabilities assumed were revised, which resulted in insignificant measurement period adjustments. We will continue to evaluate the contracts acquired and the underlying inputs and assumptions used in our valuation of assets acquired and liabilities assumed. Accordingly, these estimates, along with any related tax impacts, are subject to change during the measurement period, which is up to one year from the date of acquisition. The following table summarizes the preliminary fair value of the identifiable net assets acquired at the acquisition date: Cash and cash equivalents $ 22 Receivables 6 Prepaids and other assets 1 Goodwill (1) 41 Indefinite-lived intangibles (2) 12 Customer relationship intangibles (3) 12 Other intangibles (4) 16 Total assets acquired $ 110 Accounts payable $ 1 Accrued expenses and other current liabilities 7 Current contract liabilities 17 Long-term contract liabilities 3 Other long-term liabilities 10 Total liabilities assumed $ 38 Total net assets acquired attributable to Hyatt Hotels Corporation $ 72 ( 1) The goodwill, which is recorded in corporate and other, is attributable to growth opportunities we expect to realize through direct booking access to properties within the Mr & Mrs Smith platform through our distribution channels. Goodwill is not tax deductible. (2) Relates to the Mr & Mrs Smith brand name. (3) Amortized over a useful life of 12 years. (4) Amortized over a useful life of 10 years. During the three and nine months ended September 30, 2023, we recognized an insignificant amount and $4 million, respectively, of transaction costs, primarily related to financial advisory and legal fees, in other income (loss), net on our condensed consolidated statements of income (see Note 18). Dream Hotel Group —During the nine months ended September 30, 2023, a Hyatt affiliate acquired 100% of the limited liability company interests of each of Chatwal Hotels & Resorts, LLC, DHG Manager, LLC, and each of the subsidiaries of DHG Manager, LLC (collectively, "Dream Hotel Group") for $125 million of base consideration, subject to customary adjustments related to working capital and indebtedness, and up to an additional $175 million of contingent consideration to be paid through 2028 upon the achievement of certain milestones related to the development of additional hotels and/or potential new hotels previously identified by the sellers (the "Dream Acquisition"). We closed on the transaction on February 2, 2023 and paid $125 million of cash. Upon acquisition, we recorded a $107 million contingent consideration liability at fair value in other long-term liabilities on our condensed consolidated balance sheet. The fair value was estimated using a Monte Carlo simulation to model the likelihood of achieving the agreed-upon milestones based on available information as of the acquisition date. The valuation methodology includes assumptions and judgments regarding the discount rate, estimated probability of achieving the milestones, and expected timing of payments, which are primarily Level Three assumptions. The contingent consideration liability is remeasured at fair value on a quarterly basis (see Note 12). Net assets acquired were determined as follows: Cash paid $ 125 Fair value of contingent consideration 107 Net assets acquired $ 232 The acquisition includes management and license agreements for both operating and additional hotels that are expected to open in the future, primarily across North America, and the affiliated trade names for three lifestyle hotel brands. Following the acquisition date, fee revenues and operating expenses of Dream Hotel Group were recognized on our condensed consolidated statements of income and were insignificant for the three months ended September 30, 2023. For the period from the acquisition date through September 30, 2023, total revenues attributable to Dream Hotel Group were $5 million and the net income attributable to Dream Hotel Group was $3 million. Our condensed consolidated balance sheet at September 30, 2023 reflects preliminary estimates of the fair value of the assets acquired and liabilities assumed based on available information as of the acquisition date. The fair values of intangible assets acquired are estimated using either discounted future cash flow models or the relief from royalty method, both of which include revenue projections based on the expected contract terms and long-term growth rates, which are primarily Level Three assumptions. The remaining assets and liabilities were recorded at their carrying values, which approximate their fair values. During the second and third quarters of 2023, the fair values of certain assets acquired and liabilities assumed were revised. The measurement period adjustments primarily resulted from the refinement of certain assumptions, including contract terms and useful lives, which affected the underlying cash flows in the valuation and were based on facts and circumstances that existed at the acquisition date. Measurement period adjustments recorded on our condensed consolidated balance sheet at September 30, 2023 include a $20 million decrease in intangibles, net with a corresponding increase to goodwill. For the period from the acquisition date through September 30, 2023, we recognized an insignificant reduction of amortization expense on our condensed consolidated statements of income that would have been recognized during the six months ended June 30, 2023, if the measurement period adjustments would have been made as of the acquisition date. We will continue to evaluate the contracts acquired and the underlying inputs and assumptions used in our valuation of assets acquired and liabilities assumed. Accordingly, these estimates, along with any related tax impacts, are subject to change during the measurement period, which is up to one year from the date of acquisition. The following table summarizes the preliminary fair value of the identifiable net assets acquired at the acquisition date: Receivables $ 1 Goodwill (1) 61 Indefinite-lived intangibles (2) 21 Management agreement intangibles (3) 143 Other intangibles (2) 7 Total assets acquired $ 233 Long-term contract liabilities $ 1 Total liabilities assumed $ 1 Total net assets acquired attributable to Hyatt Hotels Corporation $ 232 (1) The goodwill, which is tax deductible and recorded on the Americas management and franchising segment, is attributable to the growth opportunities we expect to realize by expanding our lifestyle offerings and providing global travelers with an increased number of elevated hospitality experiences. (2) Includes intangible assets related to the Dream Hotels, The Chatwal, and Unscripted Hotels brand names. Certain brand names are amortized over useful lives of 20 years. (3) Amortized over useful lives of approximately 9 to 22 years, with a weighted-average useful life of approximately 17 years. During the three and nine months ended September 30, 2023, we recognized an insignificant amount and $7 million, respectively, of transaction costs, primarily related to regulatory, financial advisory, and legal fees, in other income (loss), net on our condensed consolidated statements of income (see Note 18). Hyatt Regency Irvine —During the three months ended September 30, 2022, we acquired Hyatt Regency Irvine from an unrelated third party for $135 million, net of closing costs and proration adjustments. Upon completion of the asset acquisition, we recorded $135 million of property and equipment within our owned and leased hotels segment on our condensed consolidated balance sheet. Dispositions Destination Residential Management —During the three months ended September 30, 2023, we sold our interests in the entities which own the Destination Residential Management business to an unrelated third party for $2 million of base consideration, subject to customary adjustments related to working capital and indebtedness, and up to an additional $48 million of contingent consideration. The contingent consideration will be earned within two years following the sale upon the achievement of certain performance-based metrics and the extensions of certain contracts related to the rental programs and/or homeowner associations. We recorded a $28 million contingent consideration receivable at fair value in other assets on our condensed consolidated balance sheet at September 30, 2023. The fair value of the contingent consideration receivable was estimated using a Monte Carlo simulation to model the likelihood of achieving the performance-based metrics and a probability-based weighting approach to determine the likelihood of extending certain contracts. The valuation methodology includes assumptions and judgments regarding probability weighting, discount rates, operating results, and expected timing of payments, which are primarily Level Three assumptions. We will recognize changes in the carrying value of the contingent consideration receivable when realizable. The transaction was accounted for as a business disposition, and we recognized a $19 million pre-tax gain in gains (losses) on sales of real estate and other on our condensed consolidated statements of income during the three months ended September 30, 2023. In conjunction with the disposition, we transferred $10 million of cash to the buyer related to advanced deposits. The operating results and financial position of this business prior to the sale remain within our Americas management and franchising segment. The Confidante Miami Beach —During the nine months ended September 30, 2022, we sold The Confidante Miami Beach to an unrelated third party for approximately $227 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $24 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our condensed consolidated statements of income during the nine months ended September 30, 2022. The operating results of this hotel prior to the sale remain within our owned and leased hotels segment. The Driskill —During the nine months ended September 30, 2022, we sold The Driskill to an unrelated third party for approximately $119 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $51 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our condensed consolidated statements of income during the nine months ended September 30, 2022. The operating results of this hotel prior to the sale remain within our owned and leased hotels segment. Grand Hyatt San Antonio River Walk —During the nine months ended September 30, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $109 million of cash consideration, net of closing costs; a $19 million HTM debt security as additional consideration; and $18 million from the release of restricted cash held for debt service related to Tax-Exempt Contract Revenue Empowerment Zone Bonds, Series 2005A and Contract Revenue Bonds, Senior Taxable Series 2005B (collectively, the "Series 2005 Bonds"). At the time of sale, we had $166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $4 million of unamortized discounts, which was legally defeased in conjunction with the sale. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $137 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our condensed consolidated statements of income during the nine months ended September 30, 2022. In connection with the disposition, we recognized a $7 million goodwill impairment charge in asset impairments on our condensed consolidated statements of income during the nine months ended September 30, 2022. The assets disposed represented the entirety of the reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results of this hotel prior to the sale remain within our owned and leased hotels segment. Hyatt Regency Indian Wells Resort & Spa —During the nine months ended September 30, 2022, we sold Hyatt Regency Indian Wells Resort & Spa to an unrelated third party for approximately $136 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $40 million pre-tax gain, which was recognized in gains (losses) on sales of real estate and other on our condensed consolidated statements of income during the nine months ended September 30, 2022. The operating results of this hotel prior to the sale remain within our owned and leased hotels segment.

INTANGIBLES, NET

INTANGIBLES, NET	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLES, NET	INTANGIBLES, NET September 30, 2023 Weighted- average useful lives in years Gross carrying value Accumulated amortization Net carrying value Management and franchise agreement intangibles 15 $ 903 $ (229) $ 674 Brand and other indefinite-lived intangibles — 625 — 625 Customer relationships intangibles 8 620 (219) 401 Other intangibles 9 44 (16) 28 Total $ 2,192 $ (464) $ 1,728 December 31, 2022 Gross carrying value Accumulated amortization Net carrying value Management and franchise agreement intangibles $ 786 $ (184) $ 602 Brand and other indefinite-lived intangibles 593 — 593 Customer relationships intangibles 608 (145) 463 Other intangibles 22 (12) 10 Total $ 2,009 $ (341) $ 1,668 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Amortization expense $ 44 $ 45 $ 133 $ 156 During the three and nine months ended September 30, 2023, we recognized $5 million and $12 million, respectively, of impairment charges, and during the three and nine months ended September 30, 2022, we recognized $9 million and $12 million, respectively, of impairment charges in asset impairments on our condensed consolidated statements of income. The impairment charges were primarily related to management and franchise agreement intangibles and were a result of contract terminations within our Apple Leisure Group segment.

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS September 30, 2023 December 31, 2022 Management and franchise agreement assets constituting payments to customers (1) $ 817 $ 699 Marketable securities held to fund the loyalty program (Note 4) 477 406 Marketable securities held to fund rabbi trusts (Note 4) 449 420 Deferred costs related to the paid membership program 172 106 Long-term investments (Note 4) 93 77 Common shares in Playa N.V. (Note 4) 88 79 Marketable securities held for captive insurance company (Note 4) 83 93 Long-term restricted cash 4 37 Other 119 112 Total other assets $ 2,302 $ 2,029 (1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT At September 30, 2023 and December 31, 2022, we had $3,055 million and $3,113 million, respectively, of total debt, which included $6 million and $660 million, respectively, recorded in current maturities of long-term debt on our condensed consolidated balance sheets. Senior Notes —During the three months ended September 30, 2023, we issued $600 million of 5.750% senior notes due 2027 (the "2027 Notes") at an issue price of 99.975%. We received approximately $596 million of net proceeds from the sale, after deducting $4 million of underwriting discounts and other offering expenses, which was used, together with cash on hand, to repay the outstanding balance on the $700 million of 1.300% senior notes due 2023 (the "2023 Notes"), as described below. Interest is payable semi-annually on January 30 and July 30 of each year. During the three months ended September 30, 2023, we repaid the 2023 Notes, of which there was $638 million outstanding, at maturity for approximately $642 million, inclusive of $4 million of accrued interest. Additionally, during the nine months ended September 30, 2023, we repurchased $18 million of the 2023 Notes in the open market. Revolving Credit Facility —During the nine months ended September 30, 2023 and September 30, 2022, we had no borrowings or repayments on our revolving credit facility in effect for each of the respective periods. At both September 30, 2023 and December 31, 2022, we had no balance outstanding. At September 30, 2023, we had $1,496 million of borrowing capacity available under our revolving credit facility, net of letters of credit outstanding. Fair Value —We estimated the fair value of debt, which consists of the notes below (collectively, the "Senior Notes") and other long-term debt, excluding finance leases. • $750 million of 1.800% senior notes due 2024 • $450 million of 5.375% senior notes due 2025 • $400 million of 4.850% senior notes due 2026 • $600 million of 5.750% senior notes due 2027 • $400 million of 4.375% senior notes due 2028 • $450 million of 5.750% senior notes due 2030 Our Senior Notes 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. We classified our other debt instruments and revolving credit facility, if applicable, as Level Three based on the lack of available market data. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in our assumptions could result in different estimates of fair value. September 30, 2023 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) $ 3,063 $ 2,973 $ — $ 2,944 $ 29 (1) Excludes $6 million of finance lease obligations and $14 million of unamortized discounts and deferred financing fees. December 31, 2022 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) $ 3,121 $ 3,006 $ — $ 2,976 $ 30 (2) Excludes $7 million of finance lease obligations and $15 million of unamortized discounts and deferred financing fees.

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES	9 Months Ended
	Sep. 30, 2023
Other Liabilities [Abstract]
OTHER LONG-TERM LIABILITIES	OTHER LONG-TERM LIABILITIES September 30, 2023 December 31, 2022 Deferred compensation plans funded by rabbi trusts (Note 4) $ 449 $ 420 Income taxes payable 403 339 Guarantee liabilities (Note 12) 121 124 Contingent consideration liability (Note 12) 107 — Deferred income taxes (Note 11) 82 72 Self-insurance liabilities (Note 12) 72 68 Other 61 54 Total other long-term liabilities $ 1,295 $ 1,077

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes for the three and nine months ended September 30, 2023 was $33 million and $107 million, respectively, compared to the provision for income taxes of $35 million and $143 million for the three and nine months ended September 30, 2022, respectively. The decrease in the provision for income taxes for the nine months ended September 30, 2023, compared to the nine months ended September 30, 2022, was primarily driven by sales of Hyatt Regency Indian Wells Resort & Spa, Grand Hyatt San Antonio River Walk, The Driskill, and The Confidante Miami Beach in 2022. We are subject to audits by federal, state, and foreign tax authorities. U.S. tax years 2018 through 2020 are currently under field exam. U.S. tax years 2009 through 2011 have been subject to a U.S. Tax Court case concerning the tax treatment of the loyalty program in which the Internal Revenue Service ("IRS") is asserting that loyalty program contributions are taxable income to the Company. U.S. tax years 2012 through 2017 are pending the outcome of the issue currently in U.S. Tax Court. The Tax Court issued an opinion on October 2, 2023 related to the aforementioned case and determined that the Company must recognize approximately $12 million in net taxable income for the tax years 2009 through 2011, but that the Company need not recognize approximately $228 million in net taxable income that preceded 2009. The Company is evaluating the Tax Court's decision and potential appeal options. In order to appeal the Tax Court's ruling, the Company would be required to pay the tax liability and interest related to the 2009 through 2011 tax years as determined by the Tax Court, which is estimated to be $5 million. If the Company were to appeal and the Tax Court's opinion is upheld, the estimated income tax payment due for the subsequent years 2012 through 2023 is $211 million, including $30 million of estimated interest, net of federal benefit. We believe we have an adequate uncertain tax liability recorded in accordance with Accounting Standards Codification 740, Income Taxes , for this matter and believe that the ultimate outcome of this matter will not have a material effect on our consolidated financial position, results of operations, or liquidity. At September 30, 2023 and December 31, 2022, total unrecognized tax benefits recorded in other long-term liabilities on our condensed consolidated balance sheets were $301 million and $253 million, respectively, of which

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the ordinary course of business, we enter into various commitments, guarantees, surety and other bonds, and letter of credit agreements. Commitments —At September 30, 2023, we are committed, under certain conditions, to lend, provide certain consideration to, or invest in various business ventures up to $351 million, net of any related letters of credit. Performance Guarantees —Certain of our contractual agreements with third-party hotel owners require us to guarantee payments to the owners if specified levels of operating profit are not achieved by their hotels. Except as described below, at September 30, 2023, our performance guarantees had $108 million of remaining maximum exposure and expire between 2023 and 2042. Through acquisitions, we acquired certain management agreements with performance guarantees based on annual performance levels and with expiration dates between 2023 and 2045. Contract terms within certain management agreements limit our exposure, and therefore, we are unable to reasonably estimate our maximum potential future payments. At September 30, 2023 and December 31, 2022, we had $94 million and $108 million, respectively, of total performance guarantee liabilities, which included $88 million and $96 million, respectively, recorded in other long-term liabilities and $6 million and $12 million, respectively, recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets. 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 both September 30, 2023 and December 31, 2022, we had an insignificant amount recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets related to these performance cure payments. Debt Repayment Guarantees —We enter into various debt repayment guarantees in order to assist third-party owners, franchisees, and unconsolidated hospitality ventures in obtaining third-party financing or to obtain more favorable borrowing terms. Geographical region Maximum potential future payments (1) Maximum exposure net of recoverability from third parties (1) Other long-term liabilities recorded at September 30, 2023 Other long-term liabilities recorded at December 31, 2022 Year of guarantee expiration United States (2), (3) $ 110 $ 41 $ 8 $ 3 various, through 2027 All foreign (2), (4) 200 178 25 25 various, through 2031 Total $ 310 $ 219 $ 33 $ 28 (1) Our maximum exposure is generally based on a specified percentage of the total principal due upon borrower default. (2) We have agreements with our unconsolidated hospitality venture partners or the respective third-party owners or franchisees to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash or HTM debt security. (3) Certain agreements give us the ability to assume control of the property if defined funding thresholds are met or if certain events occur. (4) Under certain debt repayment guarantees associated with hotel properties in India, we have the contractual right to recover amounts funded from an unconsolidated hospitality venture, which is a related party, and therefore, we expect our maximum exposure for these guarantees to be approximately $83 million, taking into account our partner's 50% ownership interest in the unconsolidated hospitality venture. Under certain events or conditions, we have the right to force the sale of the properties in order to recover amounts funded. At September 30, 2023, we are not aware, nor have we received any notification, that our unconsolidated hospitality ventures, third-party owners, or franchisees are not current on their debt service obligations where we have provided a debt repayment guarantee. Guarantee Liabilities Fair Value —We estimated the fair value of our guarantees to be approximately $139 million and $124 million at September 30, 2023 and December 31, 2022, respectively. Based on the lack of available market data, we have classified our guarantees as Level Three in the fair value hierarchy. Contingent Consideration Fair Value —We may pay up to an additional $175 million of contingent consideration through 2028 as a result of the Dream Acquisition (see Note 6). At September 30, 2023, we had $174 million of potential future consideration remaining. The contingent consideration liability, which is remeasured at fair value on a recurring basis and is classified as Level Three in the fair value hierarchy, is recorded in other-long term liabilities on our condensed consolidated balance sheets (see Note 10). The following table summarizes the changes in fair value, which are recognized in other income (loss), net on our condensed consolidated statements of income (see Note 18): 2023 Fair value as of acquisition date $ 107 Change in fair value (1) Fair value at June 30 $ 106 Change in fair value 2 Payments (1) Fair value at September 30 $ 107 Insurance —We obtain commercial insurance for potential losses from general liability, property, automobile, workers' compensation, employment practices liability, crime, cyber, and other miscellaneous risks. A portion of the risk is retained through a U.S.-based and licensed captive insurance company that is a wholly owned subsidiary of Hyatt and generally insures our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses. Reserves for losses in our captive insurance company to be paid within 12 months are $42 million and $39 million at September 30, 2023 and December 31, 2022, respectively, and are recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets. Reserves for losses in our captive insurance company to be paid in future periods are $72 million and $68 million at September 30, 2023 and December 31, 2022, respectively, and are recorded in other long-term liabilities on our condensed consolidated balance sheets (see Note 10). Collective Bargaining Agreements —At September 30, 2023, approximately 21% 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 various unions and us. Generally, labor relations have been maintained in a normal and satisfactory manner, and we believe our employee relations are good. Surety and Other Bonds —Surety and other bonds issued on our behalf were $254 million at September 30, 2023 and primarily relate to our insurance programs, litigation, taxes, licenses, construction liens, and utilities for our lodging operations. Letters of Credit —Letters of credit outstanding on our behalf at September 30, 2023 were $260 million, which primarily relate to our ongoing operations, collateral for customer deposits associated with ALG Vacations, collateral for estimated insurance claims, and securitization of our performance under certain debt repayment guarantees, which are only called on if the borrower defaults on its obligations or we default on our guarantees. Of the letters of credit outstanding, $4 million reduces the available capacity under our revolving credit facility (see Note 9). Capital Expenditures —As part of our ongoing business operations, expenditures are required to complete renovation projects that have been approved. Other —We act as general partner of various partnerships owning hotel properties that are 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 or franchised 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 partners or the respective third-party owners or franchisees. 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. 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. 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 to have a material effect on our condensed consolidated financial statements. During the year ended December 31, 2018, we received a notice from the Indian tax authorities assessing additional service tax on our operations in India. We appealed this decision and do not believe a loss is probable, and therefore, we have not recorded a liability in connection with this matter. At September 30, 2023, our maximum exposure is not expected to exceed $18 million.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
EQUITY	EQUITY Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, net of insignificant tax impacts, were as follows: Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at September 30, 2023 Foreign currency translation adjustments $ (168) $ (26) $ — $ (194) AFS debt securities unrealized fair value adjustments (1) (11) 2 3 (6) Derivative instrument adjustments (2) (27) 1 2 (24) Accumulated other comprehensive loss $ (206) $ (23) $ 5 $ (224) (1) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in other income (loss), net related to marketable securities held for our captive insurance company (see Note 18). (2) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at September 30, 2023 Foreign currency translation adjustments $ (202) $ 8 $ — $ (194) AFS debt securities unrealized fair value adjustments (3) (11) 2 3 (6) Derivative instrument adjustments (4) (29) 1 4 (24) Accumulated other comprehensive loss $ (242) $ 11 $ 7 $ (224) (3) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in other income (loss), net related to marketable securities held for our captive insurance company (see Note 18). (4) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. We expect to reclassify $6 million of losses over the next 12 months. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (219) $ (22) $ — $ (241) AFS debt securities unrealized fair value adjustments (11) (5) — (16) Pension liabilities adjustment (4) — — (4) Derivative instrument adjustments (5) (31) — 2 (29) Accumulated other comprehensive loss $ (265) $ (27) $ 2 $ (290) (5) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments (6) $ (206) $ (40) $ 5 $ (241) AFS debt securities unrealized fair value adjustments (1) (15) — (16) Pension liabilities adjustment (4) — — (4) Derivative instrument adjustments (7) (34) — 5 (29) Accumulated other comprehensive loss $ (245) $ (55) $ 10 $ (290) (6) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in an unconsolidated hospitality venture (see Note 4). (7) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. Share Repurchases —On December 18, 2019 and May 10, 2023, our board of directors authorized repurchases of up to $750 million and $1,055 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 or an accelerated share repurchase transaction, 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 and 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. At September 30, 2023, we had $1.3 billion remaining under the combined share repurchase authorizations. During the nine months ended September 30, 2023, we repurchased 3,233,926 shares of Class A common stock. The shares of common stock were repurchased at a weighted-average price of $110.72 per share for an aggregate purchase price of $358 million, excluding insignificant related expenses. The shares repurchased included the repurchase of 106,116 shares for $9 million, which was initiated prior to December 31, 2022 and settled during the nine months ended September 30, 2023. At December 31, 2022, the $9 million share repurchase liability was recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheet. The shares repurchased during the nine months ended September 30, 2023 represented approximately 3% of our total shares of common stock outstanding at December 31, 2022. The shares of Class A common stock repurchased in the open market were retired and returned to the status of authorized and unissued shares. During the nine months ended September 30, 2022, we repurchased 3,075,891 shares of Class A common stock. The shares of common stock were repurchased at a weighted-average price of $85.56 per share for an aggregate purchase price of $263 million, excluding insignificant related expenses. The shares repurchased during the nine months ended September 30, 2022 represented approximately 3% of our total shares of common stock outstanding at December 31, 2021. Dividend —The following tables summarize dividends paid to Class A and Class B shareholders of record: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Class A common stock $ 7 $ — $ 14 $ — Class B common stock 9 — 18 — Total cash dividends paid $ 16 $ — $ 32 $ — Date declared Dividend per share amount for Class A and Class B Date of record Date paid May 11, 2023 $ 0.15 May 30, 2023 June 12, 2023 August 3, 2023 $ 0.15 August 25, 2023 September 8, 2023

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION As part of our Long-Term Incentive Plan, we award time-vested stock appreciation rights ("SARs"), time-vested restricted stock units ("RSUs"), and performance-vested restricted stock units ("PSUs") to certain employees and non-employee directors. In addition, non-employee directors may elect to receive their annual fees and/or annual equity retainers in the form of shares of our Class A common stock. Compensation expense and unearned compensation presented below exclude (i) amounts related to employees of our managed hotels and other employees whose payroll is reimbursed, as these expenses have been, and will continue to be, reimbursed by our third-party hotel owners and are recognized in revenues for the reimbursement of costs incurred on behalf of managed and franchised properties and costs incurred on behalf of managed and franchised properties on our condensed consolidated statements of income and (ii) insignificant amounts related to employees of our owned and leased hotels recognized in owned and leased hotels expenses on our condensed consolidated statements of income. Stock-based compensation expense recognized in selling, general, and administrative expenses and distribution and destination management expenses on our condensed consolidated statements of income related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 SARs $ 1 $ — $ 12 $ 11 RSUs 7 6 32 30 PSUs 4 1 16 6 Total $ 12 $ 7 $ 60 $ 47 SARs —During the nine months ended September 30, 2023, we granted 284,912 SARs to employees with a weighted-average grant date fair value of $48.54. During the nine months ended September 30, 2022, we granted 359,113 SARs to employees with a weighted-average grant date fair value of $37.56. RSUs —During the nine months ended September 30, 2023, we granted 469,981 RSUs to employees and non-employee directors with a weighted-average grant date fair value of $111.07. During the nine months ended September 30, 2022, we granted 539,818 RSUs to employees and non-employee directors with a weighted-average grant date fair value of $91.81. PSUs —During the nine months ended September 30, 2023, we granted 133,383 PSUs to employees with a weighted-average grant date fair value of $120.64. During the nine months ended September 30, 2022, we granted 176,756 PSUs to employees with a weighted-average grant date fair value of $81.14. Our total unearned compensation for our stock-based compensation programs at September 30, 2023 was $3 million for SARs, $36 million for RSUs, and $25 million for PSUs, which will be recognized in selling, general, and administrative expenses and distribution and destination management expenses over a weighted-average period of 2 years.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
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: Legal Services —A partner in a law firm that provided services to us throughout 2023 and 2022 is the brother-in-law of our Executive Chairman. During the three and nine months ended September 30, 2023, we incurred $3 million and $10 million, respectively, of legal fees with this firm. During the three and nine months ended September 30, 2022, we incurred $4 million and $10 million, respectively, of legal fees with this firm. At September 30, 2023 and December 31, 2022, we had $3 million and insignificant amounts, respectively, due to the law firm. Equity Method Investments —We have equity method investments in entities that own, operate, manage, or franchise properties for which we receive management, franchise, or license fees. We recognized $5 million and $7 million of fees during the three months ended September 30, 2023 and September 30, 2022, respectively. During both the nine months ended September 30, 2023 and September 30, 2022, we recognized $17 million of fees. In addition, in some cases we provide loans (see Note 5) or guarantees (see Note 12) to these entities. During the three months ended September 30, 2023 and September 30, 2022, we recognized $1 million and $2 million, respectively, of income related to these guarantees. During the nine months ended September 30, 2023 and September 30, 2022, we recognized $4 million and $5 million, respectively, of income related to these guarantees. At September 30, 2023 and December 31, 2022, we had $38 million and $33 million, respectively, of net receivables due from these properties, inclusive of $21 million in both periods, classified as financing receivables on our condensed consolidated balance sheets. Our ownership interest in these unconsolidated hospitality ventures varies from 24% to 50%. In addition to the aforementioned fees, we provide system-wide services on behalf of owners of managed and franchised properties and administer the loyalty program for the benefit of Hyatt's portfolio of properties. These expenses have been, and will continue to be, reimbursed by our third-party hotel owners and are recognized in revenues for the reimbursement of costs incurred on behalf of managed and franchised properties and costs incurred on behalf of managed and franchised properties on our condensed consolidated statements of income. Class B Share Conversion —During the nine months ended September 30, 2022, 635,522 shares of Class B common stock were converted on a share-for-share basis into shares of 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, 2023
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 ("CODM") to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. Effective January 1, 2023, we changed the strategic and operational oversight for our properties located in the Indian subcontinent. Revenues associated with these properties are now reported in the ASPAC management and franchising segment. The segment changes have been reflected retrospectively for the three and nine months ended September 30, 2022. 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 unconsolidated hospitality ventures' Adjusted EBITDA, 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 earned by our owned and leased hotels related to our co-branded credit card programs and are eliminated in consolidation. • Americas management and franchising —This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in the United States, Canada, the Caribbean, Mexico, Central America, and South America, as well as revenues from the Destination Residential Management business, which was sold during the three months ended September 30, 2023 (see Note 6). This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to payroll at managed properties where the Company is the employer, as well as costs associated with sales, reservations, digital and technology, digital media, and marketing services (collectively, "system-wide services") and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. • ASPAC management and franchising —This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Greater China, East and Southeast Asia, the Indian subcontinent, and Oceania. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. • EAME management and franchising —This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, and Central Asia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. • Apple Leisure Group ("ALG") —This segment derives its earnings from distribution and destination management services offered through ALG Vacations; management and marketing services primarily for all-inclusive ALG resorts located in Mexico, the Caribbean, Central America, South America, and Europe; and through a paid membership program offering benefits exclusively at ALG resorts in Mexico, the Caribbean, and Central America. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate to certain system-wide services provided on behalf of owners of ALG resorts. Our CODM evaluates performance based on owned and leased hotels revenues; management, franchise, license, and other fees revenues; distribution and destination management revenues; other revenues; and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income (loss) attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA based on our ownership percentage of each owned and leased venture, adjusted to exclude interest expense; benefit (provision) for income taxes; depreciation and amortization; amortization of management and franchise agreement assets and performance cure payments, which constitute payments to customers ("Contra revenue"); revenues for the reimbursement of costs incurred on behalf of managed and franchised properties; costs incurred on behalf of managed and franchised properties that we intend to recover over the long term; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate and other; asset impairments; and other income (loss), net. The table below shows summarized consolidated financial information by segment. Included within corporate and other are the results related to our co-branded credit card programs, the results of Mr & Mrs Smith, and unallocated corporate expenses. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Owned and leased hotels Owned and leased hotels revenues $ 318 $ 300 $ 981 $ 912 Intersegment revenues (1) 8 7 23 21 Adjusted EBITDA 64 66 222 219 Depreciation and amortization 45 45 136 141 Americas management and franchising Management, franchise, license, and other fees revenues 137 127 412 354 Contra revenue (7) (5) (19) (17) Other revenues 20 28 83 91 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 659 614 1,986 1,632 Intersegment revenues (1) 10 9 34 30 Adjusted EBITDA 114 114 355 316 Depreciation and amortization 7 5 20 16 ASPAC management and franchising Management, franchise, license, and other fees revenues 42 30 122 67 Contra revenue (1) (1) (3) (3) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 39 43 115 114 Adjusted EBITDA 28 18 90 34 Depreciation and amortization — — 1 1 EAME management and franchising Management, franchise, license, and other fees revenues 22 26 64 57 Contra revenue (3) (2) (9) (6) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 26 21 72 57 Intersegment revenues (1) 3 3 7 6 Adjusted EBITDA 16 18 44 32 Apple Leisure Group Owned and leased hotels revenues 19 16 26 20 Management, franchise, license, and other fees revenues 38 40 113 106 Contra revenue (1) (1) (3) (1) Distribution and destination management revenues 222 244 823 746 Other revenues 50 37 134 104 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 30 27 94 82 Adjusted EBITDA 50 78 178 188 Depreciation and amortization 40 40 119 142 Corporate and other Revenues 32 16 79 43 Intersegment revenues (1) (1) — (1) (2) Adjusted EBITDA (25) (42) (102) (114) Depreciation and amortization 8 6 21 20 Eliminations Revenues (1) (20) (19) (63) (55) Adjusted EBITDA — — 1 1 TOTAL Revenues $ 1,622 $ 1,541 $ 5,007 $ 4,303 Adjusted EBITDA 247 252 788 676 Depreciation and amortization 100 96 297 320 (1) Intersegment revenues are included in management, franchise, license, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated 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, 2023 2022 2023 2022 Net income attributable to Hyatt Hotels Corporation $ 68 $ 28 $ 194 $ 161 Interest expense 41 38 105 116 Provision for income taxes 33 35 107 143 Depreciation and amortization 100 96 297 320 EBITDA 242 197 703 740 Contra revenue 12 9 34 27 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (754) (705) (2,267) (1,885) Costs incurred on behalf of managed and franchised properties 764 697 2,302 1,881 Equity (earnings) losses from unconsolidated hospitality ventures (7) (2) (4) 6 Stock-based compensation expense (Note 14) 12 7 60 47 (Gains) losses on sales of real estate and other (Note 6) (18) 1 (18) (250) Asset impairments 6 9 13 19 Other (income) loss, net (Note 18) (24) 24 (80) 53 Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA 14 15 45 38 Adjusted EBITDA $ 247 $ 252 $ 788 $ 676

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
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, is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net income $ 68 $ 28 $ 194 $ 161 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 68 $ 28 $ 194 $ 161 Denominator: Basic weighted-average shares outstanding (1) 104,335,826 109,077,476 105,411,846 109,730,293 Stock-based compensation 2,523,931 1,946,515 2,461,795 2,062,150 Diluted weighted-average shares outstanding (1) 106,859,757 111,023,991 107,873,641 111,792,443 Basic Earnings Per Share: Net income $ 0.65 $ 0.25 $ 1.84 $ 1.46 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 0.65 $ 0.25 $ 1.84 $ 1.46 Diluted Earnings Per Share: Net income $ 0.63 $ 0.25 $ 1.80 $ 1.44 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 0.63 $ 0.25 $ 1.80 $ 1.44 (1) The computations reflect a reduction in shares outstanding at September 30, 2022 for the repurchases of 189,000 shares that were initiated prior to September 30, 2022, but settled in the fourth quarter of 2022. The computations of diluted earnings per share for the three and nine months ended September 30, 2023 and September 30, 2022 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, 2023 2022 2023 2022 SARs 24,100 10,900 54,900 9,300 RSUs 100 2,800 1,900 1,900

OTHER INCOME (LOSS), NET

OTHER INCOME (LOSS), NET	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
OTHER INCOME (LOSS), NET	OTHER INCOME (LOSS), NET Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Interest income $ 24 $ 14 $ 56 $ 29 Credit loss reversals (provisions), net (Note 4 and Note 5) 17 12 17 17 Depreciation recovery 6 4 15 12 Guarantee amortization income (Note 12) 5 10 12 17 Loss on extinguishment of debt — — — (8) Restructuring costs (1) — (26) 1 (26) Transaction costs (Note 6) (2) — (13) (1) Guarantee expense (Note 12) (4) (4) (16) (12) Foreign currency exchange, net (6) (10) (7) (12) Unrealized gains (losses), net (Note 4) (16) (24) 9 (68) Other, net — — 6 (1) Other income (loss), net $ 24 $ (24) $ 80 $ (53) (1) During the three and nine months ended September 30, 2022, we recognized $26 million of restructuring expenses for severance costs related to the planned future redevelopment of an owned hotel.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 68	$ 28	$ 194	$ 161

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Rule 10b5-1 Trading Arrangements Trading Arrangement Action Date Rule 10b5-1 Non-Rule 10b5-1 Total Shares to be Sold Expiration Date Joan Bottarini, Executive Vice President, Chief Financial Officer Adopt September 21, 2023 X 19,500 December 20, 2024 (1) Intended to satisfy the affirmative defense of Rule 10b5-1(c). (2) Not intended to satisfy the affirmative defense of Rule 10b5-1(c).
Joan Bottarini [Member]
Trading Arrangements, by Individual
Name	Joan Bottarini
Title	Executive Vice President, Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	September 21, 2023
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Arrangement Duration	467 days
Aggregate Available	19,500	19,500

RECENTLY ISSUED ACCOUNTING PR_2

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2023
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.
Adopted Accounting Standards	Adopted Accounting Standards Reference Rate Reform —In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2020-04 ("ASU 2020-04"), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides optional expedients and exceptions that we can elect to adopt, subject to meeting certain criteria, regarding contract modifications, hedging relationships, and other transactions that reference the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued Accounting Standards Update No. 2022-06 ("ASU 2022-06"), Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 . ASU 2022-06 was effective upon issuance and defers the sunset date of Topic 848 by two years, extending the provisions of ASU 2020-04 through December 31, 2024. During the nine months ended September 30, 2023, we amended certain LIBOR-based contracts and adopted the provisions of ASU 2020-04 in conjunction with the amendments. We are also in the process of converting other LIBOR-based contracts to alternative reference rates. ASU 2020-04 did not materially impact our condensed consolidated financial statements upon adoption and is not expected to have a material future impact as we apply optional expedients or exceptions.
Revenue Allocated to Remaining Performance Obligations	Revenue Allocated to Remaining Performance ObligationsRevenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods.
Insurance	Insurance—We obtain commercial insurance for potential losses from general liability, property, automobile, workers' compensation, employment practices liability, crime, cyber, and other miscellaneous risks. A portion of the risk is retained through a U.S.-based and licensed captive insurance company that is a wholly owned subsidiary of Hyatt and generally insures our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses.
Commitments and Contingencies Other	Other —We act as general partner of various partnerships owning hotel properties that are 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 or franchised 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 partners or the respective third-party owners or franchisees. 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. 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. 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 to have a material effect on our condensed consolidated financial statements.
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 ("CODM") to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. Effective January 1, 2023, we changed the strategic and operational oversight for our properties located in the Indian subcontinent. Revenues associated with these properties are now reported in the ASPAC management and franchising segment. The segment changes have been reflected retrospectively for the three and nine months ended September 30, 2022. 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 unconsolidated hospitality ventures' Adjusted EBITDA, 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 earned by our owned and leased hotels related to our co-branded credit card programs and are eliminated in consolidation. • Americas management and franchising —This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in the United States, Canada, the Caribbean, Mexico, Central America, and South America, as well as revenues from the Destination Residential Management business, which was sold during the three months ended September 30, 2023 (see Note 6). This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to payroll at managed properties where the Company is the employer, as well as costs associated with sales, reservations, digital and technology, digital media, and marketing services (collectively, "system-wide services") and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. • ASPAC management and franchising —This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Greater China, East and Southeast Asia, the Indian subcontinent, and Oceania. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. • EAME management and franchising —This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, and Central Asia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation. • Apple Leisure Group ("ALG") —This segment derives its earnings from distribution and destination management services offered through ALG Vacations; management and marketing services primarily for all-inclusive ALG resorts located in Mexico, the Caribbean, Central America, South America, and Europe; and through a paid membership program offering benefits exclusively at ALG resorts in Mexico, the Caribbean, and Central America. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate to certain system-wide services provided on behalf of owners of ALG resorts. Our CODM evaluates performance based on owned and leased hotels revenues; management, franchise, license, and other fees revenues; distribution and destination management revenues; other revenues; and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income (loss) attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA based on our ownership percentage of each owned and leased venture, adjusted to exclude interest expense; benefit (provision) for income taxes; depreciation and amortization; amortization of management and franchise agreement assets and performance cure payments, which constitute payments to customers ("Contra revenue"); revenues for the reimbursement of costs incurred on behalf of managed and franchised properties; costs incurred on behalf of managed and franchised properties that we intend to recover over the long term; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate and other; asset impairments; and other income (loss), net.

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables present our revenues disaggregated by the nature of the product or service: Three Months Ended September 30, 2023 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME management and franchising Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 208 $ — $ — $ — $ 17 $ — $ (8) $ 217 Food and beverage 73 — — — — — — 73 Other 37 — — — 2 — — 39 Owned and leased hotels 318 — — — 19 — (8) 329 Base management fees — 63 17 11 13 — (10) 94 Incentive management fees — 12 20 6 16 — (3) 51 Franchise, license, and other fees — 62 5 5 9 24 — 105 Management, franchise, license, and other fees — 137 42 22 38 24 (13) 250 Contra revenue — (7) (1) (3) (1) — — (12) Net management, franchise, license, and other fees — 130 41 19 37 24 (13) 238 Distribution and destination management — — — — 222 — — 222 Other revenues — 20 — — 50 8 1 79 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 659 39 26 30 — — 754 Total $ 318 $ 809 $ 80 $ 45 $ 358 $ 32 $ (20) $ 1,622 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. Nine Months Ended September 30, 2023 Owned and leased hotels Americas management and franchising ASPAC management and franchising EAME management and franchising Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 623 $ — $ — $ — $ 24 $ — $ (23) $ 624 Food and beverage 242 — — — — — — 242 Other 116 — — — 2 — — 118 Owned and leased hotels 981 — — — 26 — (23) 984 Base management fees — 189 50 29 42 — (29) 281 Incentive management fees — 52 60 22 45 — (12) 167 Franchise, license, and other fees — 171 12 13 26 59 — 281 Management, franchise, license, and other fees — 412 122 64 113 59 (41) 729 Contra revenue — (19) (3) (9) (3) — — (34) Net management, franchise, license, and other fees — 393 119 55 110 59 (41) 695 Distribution and destination management — — — — 823 — — 823 Other revenues — 83 — — 134 20 1 238 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,986 115 72 94 — — 2,267 Total $ 981 $ 2,462 $ 234 $ 127 $ 1,187 $ 79 $ (63) $ 5,007 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. Three Months Ended September 30, 2022 Owned and leased hotels Americas management and franchising ASPAC management and franchising (2) EAME management and franchising (2) Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 196 $ — $ — $ — $ 15 $ — $ (7) $ 204 Food and beverage 69 — — — — — — 69 Other 35 — — — 1 — — 36 Owned and leased hotels 300 — — — 16 — (7) 309 Base management fees — 60 14 9 10 — (9) 84 Incentive management fees — 15 13 6 12 — (3) 43 Franchise, license, and other fees — 52 3 11 18 13 — 97 Management, franchise, license, and other fees — 127 30 26 40 13 (12) 224 Contra revenue — (5) (1) (2) (1) — — (9) Net management, franchise, license, and other fees — 122 29 24 39 13 (12) 215 Distribution and destination management — — — — 244 — — 244 Other revenues — 28 — — 37 3 — 68 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 614 43 21 27 — — 705 Total $ 300 $ 764 $ 72 $ 45 $ 363 $ 16 $ (19) $ 1,541 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. (2) Amounts presented have been adjusted for changes within the segments effective on January 1, 2023 (see Note 16). Nine Months Ended September 30, 2022 Owned and leased hotels Americas management and franchising ASPAC management and franchising (2) EAME management and franchising (2) Apple Leisure Group Corporate and other Eliminations Total Rooms revenues (1) $ 572 $ — $ — $ — $ 19 $ — $ (21) $ 570 Food and beverage 225 — — — — — — 225 Other 115 — — — 1 — — 116 Owned and leased hotels 912 — — — 20 — (21) 911 Base management fees — 167 32 24 27 — (27) 223 Incentive management fees — 45 25 19 48 — (9) 128 Franchise, license, and other fees — 142 10 14 31 34 — 231 Management, franchise, license, and other fees — 354 67 57 106 34 (36) 582 Contra revenue — (17) (3) (6) (1) — — (27) Net management, franchise, license, and other fees — 337 64 51 105 34 (36) 555 Distribution and destination management — — — — 746 — — 746 Other revenues — 91 — — 104 9 2 206 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties — 1,632 114 57 82 — — 1,885 Total $ 912 $ 2,060 $ 178 $ 108 $ 1,057 $ 43 $ (55) $ 4,303 (1) Apple Leisure Group includes package revenues for all-inclusive leased properties. (2) Amounts presented have been adjusted for changes within the segments effective on January 1, 2023 (see Note 16).
Schedule of of Contract Liability	Contract liabilities were comprised of the following: September 30, 2023 December 31, 2022 Deferred revenue related to the paid membership program $ 1,162 $ 1,013 Deferred revenue related to the loyalty program 1,101 928 Deferred revenue related to travel distribution and destination management services 570 732 Advanced deposits 59 61 Initial fees received from franchise owners 45 45 Deferred revenue related to insurance programs 5 66 Other deferred revenue 108 88 Total contract liabilities $ 3,050 $ 2,933

DEBT AND EQUITY SECURITIES (Tab

DEBT AND EQUITY SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Marketable Securities Held to Fund Operating Programs	Marketable securities held to fund operating programs, which are recorded at fair value on our condensed consolidated balance sheets, were as follows: September 30, 2023 December 31, 2022 Loyalty program (Note 8) $ 809 $ 728 Deferred compensation plans held in rabbi trusts (Note 8 and Note 10) 449 420 Captive insurance company (Note 8) 103 110 Total marketable securities held to fund operating programs $ 1,361 $ 1,258 Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments (352) (339) Marketable securities held to fund operating programs included in other assets $ 1,009 $ 919
Schedule of Net Gains and Interest Income from Marketable Securities Held to Fund Operating Programs	Net unrealized and realized gains (losses) from marketable securities held to fund operating programs recognized on our condensed consolidated financial statements were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Unrealized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ (10) $ (12) $ 21 $ (90) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (2) (4) (6) 11 (43) Other income (loss), net (Note 18) (5) (12) — (42) Other comprehensive income (loss) (Note 13) — (5) — (15) Realized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ 1 $ — $ 5 $ 1 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (2) 1 — 3 1 Other income (loss), net (Note 18) (1) — (1) — (1) Unrealized and realized gains and losses recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts are offset by amounts recognized in owned and leased hotels expenses and selling, general, and administrative expenses with no impact on net income. (2) Unrealized and realized gains and losses recognized in revenues for the reimbursement of costs incurred on behalf of managed and franchised properties related to investments held to fund rabbi trusts are offset by amounts recognized in costs incurred on behalf of managed and franchised properties with no impact on net income.
Schedule of Marketable Securities Held for Investment Purposes	Marketable securities held for investment purposes, which are recorded at cost or fair value, depending on the nature of the investment, on our condensed consolidated balance sheets, were as follows: September 30, 2023 December 31, 2022 Interest-bearing money market funds $ 57 $ 430 Common shares in Playa N.V. (Note 8) 88 79 Time deposits (1) 9 10 Total marketable securities held for investment purposes $ 154 $ 519 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (65) (440) Marketable securities held for investment purposes included in other assets $ 89 $ 79 (1) Time deposits have contractual maturity dates ranging from 2023 through 2025. The amortized cost of our time deposits approximates fair value.
Schedule of Unrealized Gain (Loss) on Investments	Net unrealized gains (losses) recognized on our condensed consolidated statements of income were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Other income (loss), net (Note 18) $ (11) $ (12) $ 9 $ (26)
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	We measure marketable securities at fair value on a recurring basis: September 30, 2023 Cash and cash equivalents Short-term investments Other assets Level One—Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 390 $ 390 $ — $ — Mutual funds and exchange-traded funds 455 — — 455 Common shares 96 — — 96 Level Two—Significant Other Observable Inputs Time deposits 35 1 8 26 U.S. government obligations 249 — 8 241 U.S. government agencies 42 — 6 36 Corporate debt securities 201 — 4 197 Mortgage-backed securities 19 — — 19 Asset-backed securities 25 — — 25 Municipal and provincial notes and bonds 3 — — 3 Total $ 1,515 $ 391 $ 26 $ 1,098 December 31, 2022 Cash and cash equivalents Short-term investments Other assets Level One—Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 620 $ 620 $ — $ — Mutual funds 482 — — 482 Common shares in Playa N.V. 79 — — 79 Level Two—Significant Other Observable Inputs Time deposits 148 1 145 2 U.S. government obligations 237 — 3 234 U.S. government agencies 55 — 8 47 Corporate debt securities 109 — 2 107 Mortgage-backed securities 21 — — 21 Asset-backed securities 21 — — 21 Municipal and provincial notes and bonds 5 — — 5 Total $ 1,777 $ 621 $ 158 $ 998
Schedule of Debt Securities, Held-to-maturity	We hold investments in third-party entities associated with certain of our hotels. The investments are redeemable on various dates through 2062 and recorded as HTM debt securities within other assets on our condensed consolidated balance sheets: September 30, 2023 December 31, 2022 HTM debt securities $ 52 $ 96 Less: allowance for credit losses (13) (31) Total HTM debt securities, net of allowances $ 39 $ 65
Schedule of Debt Securities, Held-to-maturity, Allowance for Credit Loss	The following table summarizes the activity in our HTM debt securities allowance for credit losses: 2023 2022 Allowance at January 1 $ 31 $ 38 Provisions, net (1) 2 2 Write-offs (3) — Allowance at June 30 $ 30 $ 40 Reversals, net (1) (17) (10) Allowance at September 30 $ 13 $ 30 (1) Provisions for credit losses were partially or fully offset by interest income recognized in the same periods (see Note 18).
Schedule of Changes in Fair Value	The fair value is estimated using a discounted future cash flow model, and the primary sensitivity in the model is the selection of an appropriate discount rate. Fluctuations in our assumptions could result in different estimates of fair value. Net unrealized gains recognized on our condensed consolidated financial statements were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Other comprehensive income (loss) (Note 13) $ 7 $ — $ 7 $ —

RECEIVABLES (Tables)

RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Accounts Receivable, Allowance for Credit Loss	The following table summarizes the activity in our receivables allowance for credit losses: 2023 2022 Allowance at January 1 $ 63 $ 53 Provisions (reversals), net (4) 13 Write-offs (4) (6) Other — (1) Allowance at June 30 $ 55 $ 59 Write-offs (1) (4) Other — 3 Allowance at September 30 $ 54 $ 58
Schedule of Financing Receivables	Financing Receivables September 30, 2023 December 31, 2022 Unsecured financing to hotel owners $ 122 $ 120 Less: current portion of financing receivables, included in receivables, net (11) (16) Less: allowance for credit losses (40) (44) Total long-term financing receivables, net of allowances $ 71 $ 60
Schedule of Allowance for Losses and Impairments	The following table summarizes the activity in our unsecured financing receivables allowance for credit losses: 2023 2022 Allowance at January 1 $ 44 $ 69 Reversals, net (2) (7) Write-offs (2) (1) Foreign currency exchange, net — (1) Allowance at June 30 $ 40 $ 60 Reversals, net — (2) Write-offs (1) — (14) Foreign currency exchange, net — (1) Allowance at September 30 $ 40 $ 43 (1) The amount written off during the three months ended September 30, 2022 primarily related to loans with a third-party that were sold.
Schedule of Credit Monitoring	Our unsecured financing receivables were as follows: September 30, 2023 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 115 $ (38) $ 77 $ 21 Other financing arrangements 7 (2) 5 — Total unsecured financing receivables $ 122 $ (40) $ 82 $ 21 December 31, 2022 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 118 $ (43) $ 75 $ 22 Other financing arrangements 2 (1) 1 1 Total unsecured financing receivables $ 120 $ (44) $ 76 $ 23

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	Net assets acquired were determined as follows: Cash paid, net of cash acquired $ 50 Cash acquired 22 Net assets acquired $ 72
Schedule of Identifiable Net Assets Acquired	The following table summarizes the preliminary fair value of the identifiable net assets acquired at the acquisition date: Cash and cash equivalents $ 22 Receivables 6 Prepaids and other assets 1 Goodwill (1) 41 Indefinite-lived intangibles (2) 12 Customer relationship intangibles (3) 12 Other intangibles (4) 16 Total assets acquired $ 110 Accounts payable $ 1 Accrued expenses and other current liabilities 7 Current contract liabilities 17 Long-term contract liabilities 3 Other long-term liabilities 10 Total liabilities assumed $ 38 Total net assets acquired attributable to Hyatt Hotels Corporation $ 72 ( 1) The goodwill, which is recorded in corporate and other, is attributable to growth opportunities we expect to realize through direct booking access to properties within the Mr & Mrs Smith platform through our distribution channels. Goodwill is not tax deductible. (2) Relates to the Mr & Mrs Smith brand name. (3) Amortized over a useful life of 12 years. (4) Amortized over a useful life of 10 years. Net assets acquired were determined as follows: Cash paid $ 125 Fair value of contingent consideration 107 Net assets acquired $ 232 The following table summarizes the preliminary fair value of the identifiable net assets acquired at the acquisition date: Receivables $ 1 Goodwill (1) 61 Indefinite-lived intangibles (2) 21 Management agreement intangibles (3) 143 Other intangibles (2) 7 Total assets acquired $ 233 Long-term contract liabilities $ 1 Total liabilities assumed $ 1 Total net assets acquired attributable to Hyatt Hotels Corporation $ 232 (1) The goodwill, which is tax deductible and recorded on the Americas management and franchising segment, is attributable to the growth opportunities we expect to realize by expanding our lifestyle offerings and providing global travelers with an increased number of elevated hospitality experiences. (2) Includes intangible assets related to the Dream Hotels, The Chatwal, and Unscripted Hotels brand names. Certain brand names are amortized over useful lives of 20 years. (3) Amortized over useful lives of approximately 9 to 22 years, with a weighted-average useful life of approximately 17 years.

INTANGIBLES, NET (Tables)

INTANGIBLES, NET (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	September 30, 2023 Weighted- average useful lives in years Gross carrying value Accumulated amortization Net carrying value Management and franchise agreement intangibles 15 $ 903 $ (229) $ 674 Brand and other indefinite-lived intangibles — 625 — 625 Customer relationships intangibles 8 620 (219) 401 Other intangibles 9 44 (16) 28 Total $ 2,192 $ (464) $ 1,728 December 31, 2022 Gross carrying value Accumulated amortization Net carrying value Management and franchise agreement intangibles $ 786 $ (184) $ 602 Brand and other indefinite-lived intangibles 593 — 593 Customer relationships intangibles 608 (145) 463 Other intangibles 22 (12) 10 Total $ 2,009 $ (341) $ 1,668
Schedule of Indefinite-Lived Intangible Assets	September 30, 2023 Weighted- average useful lives in years Gross carrying value Accumulated amortization Net carrying value Management and franchise agreement intangibles 15 $ 903 $ (229) $ 674 Brand and other indefinite-lived intangibles — 625 — 625 Customer relationships intangibles 8 620 (219) 401 Other intangibles 9 44 (16) 28 Total $ 2,192 $ (464) $ 1,728 December 31, 2022 Gross carrying value Accumulated amortization Net carrying value Management and franchise agreement intangibles $ 786 $ (184) $ 602 Brand and other indefinite-lived intangibles 593 — 593 Customer relationships intangibles 608 (145) 463 Other intangibles 22 (12) 10 Total $ 2,009 $ (341) $ 1,668
Schedule of Intangible Assets Amortization Expense	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Amortization expense $ 44 $ 45 $ 133 $ 156

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	September 30, 2023 December 31, 2022 Management and franchise agreement assets constituting payments to customers (1) $ 817 $ 699 Marketable securities held to fund the loyalty program (Note 4) 477 406 Marketable securities held to fund rabbi trusts (Note 4) 449 420 Deferred costs related to the paid membership program 172 106 Long-term investments (Note 4) 93 77 Common shares in Playa N.V. (Note 4) 88 79 Marketable securities held for captive insurance company (Note 4) 83 93 Long-term restricted cash 4 37 Other 119 112 Total other assets $ 2,302 $ 2,029 (1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Fair Value, by Balance Sheet Grouping	Our Senior Notes 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. We classified our other debt instruments and revolving credit facility, if applicable, as Level Three based on the lack of available market data. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in our assumptions could result in different estimates of fair value. September 30, 2023 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) $ 3,063 $ 2,973 $ — $ 2,944 $ 29 (1) Excludes $6 million of finance lease obligations and $14 million of unamortized discounts and deferred financing fees. December 31, 2022 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) $ 3,121 $ 3,006 $ — $ 2,976 $ 30 (2) Excludes $7 million of finance lease obligations and $15 million of unamortized discounts and deferred financing fees.

OTHER LONG-TERM LIABILITIES (Ta

OTHER LONG-TERM LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Other Liabilities [Abstract]
Schedule of Other Long-Term Liabilities	September 30, 2023 December 31, 2022 Deferred compensation plans funded by rabbi trusts (Note 4) $ 449 $ 420 Income taxes payable 403 339 Guarantee liabilities (Note 12) 121 124 Contingent consideration liability (Note 12) 107 — Deferred income taxes (Note 11) 82 72 Self-insurance liabilities (Note 12) 72 68 Other 61 54 Total other long-term liabilities $ 1,295 $ 1,077

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Debt Repayment and Other Guarantees	We enter into various debt repayment guarantees in order to assist third-party owners, franchisees, and unconsolidated hospitality ventures in obtaining third-party financing or to obtain more favorable borrowing terms. Geographical region Maximum potential future payments (1) Maximum exposure net of recoverability from third parties (1) Other long-term liabilities recorded at September 30, 2023 Other long-term liabilities recorded at December 31, 2022 Year of guarantee expiration United States (2), (3) $ 110 $ 41 $ 8 $ 3 various, through 2027 All foreign (2), (4) 200 178 25 25 various, through 2031 Total $ 310 $ 219 $ 33 $ 28 (1) Our maximum exposure is generally based on a specified percentage of the total principal due upon borrower default. (2) We have agreements with our unconsolidated hospitality venture partners or the respective third-party owners or franchisees to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash or HTM debt security. (3) Certain agreements give us the ability to assume control of the property if defined funding thresholds are met or if certain events occur.
Schedule of Contingent Consideration Fair Value	The contingent consideration liability, which is remeasured at fair value on a recurring basis and is classified as Level Three in the fair value hierarchy, is recorded in other-long term liabilities on our condensed consolidated balance sheets (see Note 10). The following table summarizes the changes in fair value, which are recognized in other income (loss), net on our condensed consolidated statements of income (see Note 18): 2023 Fair value as of acquisition date $ 107 Change in fair value (1) Fair value at June 30 $ 106 Change in fair value 2 Payments (1) Fair value at September 30 $ 107

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, net of insignificant tax impacts, were as follows: Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at September 30, 2023 Foreign currency translation adjustments $ (168) $ (26) $ — $ (194) AFS debt securities unrealized fair value adjustments (1) (11) 2 3 (6) Derivative instrument adjustments (2) (27) 1 2 (24) Accumulated other comprehensive loss $ (206) $ (23) $ 5 $ (224) (1) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in other income (loss), net related to marketable securities held for our captive insurance company (see Note 18). (2) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at September 30, 2023 Foreign currency translation adjustments $ (202) $ 8 $ — $ (194) AFS debt securities unrealized fair value adjustments (3) (11) 2 3 (6) Derivative instrument adjustments (4) (29) 1 4 (24) Accumulated other comprehensive loss $ (242) $ 11 $ 7 $ (224) (3) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in other income (loss), net related to marketable securities held for our captive insurance company (see Note 18). (4) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. We expect to reclassify $6 million of losses over the next 12 months. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments $ (219) $ (22) $ — $ (241) AFS debt securities unrealized fair value adjustments (11) (5) — (16) Pension liabilities adjustment (4) — — (4) Derivative instrument adjustments (5) (31) — 2 (29) Accumulated other comprehensive loss $ (265) $ (27) $ 2 $ (290) (5) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. Balance at Current period other comprehensive income (loss) before reclassification Amount reclassified from accumulated other comprehensive loss Balance at Foreign currency translation adjustments (6) $ (206) $ (40) $ 5 $ (241) AFS debt securities unrealized fair value adjustments (1) (15) — (16) Pension liabilities adjustment (4) — — (4) Derivative instrument adjustments (7) (34) — 5 (29) Accumulated other comprehensive loss $ (245) $ (55) $ 10 $ (290) (6) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in an unconsolidated hospitality venture (see Note 4). (7) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.
Schedule of Dividends Paid	The following tables summarize dividends paid to Class A and Class B shareholders of record: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Class A common stock $ 7 $ — $ 14 $ — Class B common stock 9 — 18 — Total cash dividends paid $ 16 $ — $ 32 $ — Date declared Dividend per share amount for Class A and Class B Date of record Date paid May 11, 2023 $ 0.15 May 30, 2023 June 12, 2023 August 3, 2023 $ 0.15 August 25, 2023 September 8, 2023

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Compensation Expense Related to Long-Term Incentive Plan	Stock-based compensation expense recognized in selling, general, and administrative expenses and distribution and destination management expenses on our condensed consolidated statements of income related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 SARs $ 1 $ — $ 12 $ 11 RSUs 7 6 32 30 PSUs 4 1 16 6 Total $ 12 $ 7 $ 60 $ 47

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Summarized Consolidated Financial Information by Segment	The table below shows summarized consolidated financial information by segment. Included within corporate and other are the results related to our co-branded credit card programs, the results of Mr & Mrs Smith, and unallocated corporate expenses. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Owned and leased hotels Owned and leased hotels revenues $ 318 $ 300 $ 981 $ 912 Intersegment revenues (1) 8 7 23 21 Adjusted EBITDA 64 66 222 219 Depreciation and amortization 45 45 136 141 Americas management and franchising Management, franchise, license, and other fees revenues 137 127 412 354 Contra revenue (7) (5) (19) (17) Other revenues 20 28 83 91 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 659 614 1,986 1,632 Intersegment revenues (1) 10 9 34 30 Adjusted EBITDA 114 114 355 316 Depreciation and amortization 7 5 20 16 ASPAC management and franchising Management, franchise, license, and other fees revenues 42 30 122 67 Contra revenue (1) (1) (3) (3) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 39 43 115 114 Adjusted EBITDA 28 18 90 34 Depreciation and amortization — — 1 1 EAME management and franchising Management, franchise, license, and other fees revenues 22 26 64 57 Contra revenue (3) (2) (9) (6) Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 26 21 72 57 Intersegment revenues (1) 3 3 7 6 Adjusted EBITDA 16 18 44 32 Apple Leisure Group Owned and leased hotels revenues 19 16 26 20 Management, franchise, license, and other fees revenues 38 40 113 106 Contra revenue (1) (1) (3) (1) Distribution and destination management revenues 222 244 823 746 Other revenues 50 37 134 104 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties 30 27 94 82 Adjusted EBITDA 50 78 178 188 Depreciation and amortization 40 40 119 142 Corporate and other Revenues 32 16 79 43 Intersegment revenues (1) (1) — (1) (2) Adjusted EBITDA (25) (42) (102) (114) Depreciation and amortization 8 6 21 20 Eliminations Revenues (1) (20) (19) (63) (55) Adjusted EBITDA — — 1 1 TOTAL Revenues $ 1,622 $ 1,541 $ 5,007 $ 4,303 Adjusted EBITDA 247 252 788 676 Depreciation and amortization 100 96 297 320 (1) Intersegment revenues are included in management, franchise, license, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated in Eliminations.
Schedule of 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, 2023 2022 2023 2022 Net income attributable to Hyatt Hotels Corporation $ 68 $ 28 $ 194 $ 161 Interest expense 41 38 105 116 Provision for income taxes 33 35 107 143 Depreciation and amortization 100 96 297 320 EBITDA 242 197 703 740 Contra revenue 12 9 34 27 Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (754) (705) (2,267) (1,885) Costs incurred on behalf of managed and franchised properties 764 697 2,302 1,881 Equity (earnings) losses from unconsolidated hospitality ventures (7) (2) (4) 6 Stock-based compensation expense (Note 14) 12 7 60 47 (Gains) losses on sales of real estate and other (Note 6) (18) 1 (18) (250) Asset impairments 6 9 13 19 Other (income) loss, net (Note 18) (24) 24 (80) 53 Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA 14 15 45 38 Adjusted EBITDA $ 247 $ 252 $ 788 $ 676

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
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, is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net income $ 68 $ 28 $ 194 $ 161 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 68 $ 28 $ 194 $ 161 Denominator: Basic weighted-average shares outstanding (1) 104,335,826 109,077,476 105,411,846 109,730,293 Stock-based compensation 2,523,931 1,946,515 2,461,795 2,062,150 Diluted weighted-average shares outstanding (1) 106,859,757 111,023,991 107,873,641 111,792,443 Basic Earnings Per Share: Net income $ 0.65 $ 0.25 $ 1.84 $ 1.46 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 0.65 $ 0.25 $ 1.84 $ 1.46 Diluted Earnings Per Share: Net income $ 0.63 $ 0.25 $ 1.80 $ 1.44 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 0.63 $ 0.25 $ 1.80 $ 1.44 (1) The computations reflect a reduction in shares outstanding at September 30, 2022 for the repurchases of 189,000 shares that were initiated prior to September 30, 2022, but settled in the fourth quarter of 2022.
Schedule of Antidilutive Securities Excluded from Computation of Losses Per Share	The computations of diluted earnings per share for the three and nine months ended September 30, 2023 and September 30, 2022 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, 2023 2022 2023 2022 SARs 24,100 10,900 54,900 9,300 RSUs 100 2,800 1,900 1,900

OTHER INCOME (LOSS), NET (Table

OTHER INCOME (LOSS), NET (Tables)	9 Months Ended
	Sep. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Other Income (Loss), Net	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Interest income $ 24 $ 14 $ 56 $ 29 Credit loss reversals (provisions), net (Note 4 and Note 5) 17 12 17 17 Depreciation recovery 6 4 15 12 Guarantee amortization income (Note 12) 5 10 12 17 Loss on extinguishment of debt — — — (8) Restructuring costs (1) — (26) 1 (26) Transaction costs (Note 6) (2) — (13) (1) Guarantee expense (Note 12) (4) (4) (16) (12) Foreign currency exchange, net (6) (10) (7) (12) Unrealized gains (losses), net (Note 4) (16) (24) 9 (68) Other, net — — 6 (1) Other income (loss), net $ 24 $ (24) $ 80 $ (53) (1) During the three and nine months ended September 30, 2022, we recognized $26 million of restructuring expenses for severance costs related to the planned future redevelopment of an owned hotel.

ORGANIZATION (Details)

ORGANIZATION (Details)	Sep. 30, 2023 country room hotel
Organization
Number of countries in which entity operates | country	76
Full Service
Organization
Number of hotels operated or franchised	603
Number of rooms operated or franchised | room	188,253
Number of hotels operated or marketed	120
Number of rooms operated or marketed | room	38,712
Select Service
Organization
Number of hotels operated or franchised	587
Number of rooms operated or franchised | room	86,292
Select Service | United States
Organization
Number of hotels operated or franchised	454

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 1,622	$ 1,541	$ 5,007	$ 4,303
Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	329	309	984	911
Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	217	204	624	570
Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	73	69	242	225
Other
Disaggregation of Revenue [Line Items]
Revenues	39	36	118	116
Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	238	215	695	555
Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	250	224	729	582
Base management fees
Disaggregation of Revenue [Line Items]
Revenues	94	84	281	223
Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	51	43	167	128
Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	105	97	281	231
Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	(12)	(9)	(34)	(27)
Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	222	244	823	746
Other revenues
Disaggregation of Revenue [Line Items]
Revenues	79	68	238	206
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	754	705	2,267	1,885
Corporate and other | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	0	0
Operating Segments | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	318	300	981	912
Operating Segments | Owned and leased hotels | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	318	300	981	912
Operating Segments | Owned and leased hotels | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	208	196	623	572
Operating Segments | Owned and leased hotels | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	73	69	242	225
Operating Segments | Owned and leased hotels | Other
Disaggregation of Revenue [Line Items]
Revenues	37	35	116	115
Operating Segments | Owned and leased hotels | Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Americas management and franchising
Disaggregation of Revenue [Line Items]
Revenues	809	764	2,462	2,060
Operating Segments | Americas management and franchising | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Americas management and franchising | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Americas management and franchising | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Americas management and franchising | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Americas management and franchising | Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	130	122	393	337
Operating Segments | Americas management and franchising | Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	137	127	412	354
Operating Segments | Americas management and franchising | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	63	60	189	167
Operating Segments | Americas management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	12	15	52	45
Operating Segments | Americas management and franchising | Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	62	52	171	142
Operating Segments | Americas management and franchising | Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	(7)	(5)	(19)	(17)
Operating Segments | Americas management and franchising | Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Americas management and franchising | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	20	28	83	91
Operating Segments | Americas management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	659	614	1,986	1,632
Operating Segments | ASPAC management and franchising
Disaggregation of Revenue [Line Items]
Revenues	80	72	234	178
Operating Segments | ASPAC management and franchising | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	41	29	119	64
Operating Segments | ASPAC management and franchising | Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	42	30	122	67
Operating Segments | ASPAC management and franchising | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	17	14	50	32
Operating Segments | ASPAC management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	20	13	60	25
Operating Segments | ASPAC management and franchising | Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	5	3	12	10
Operating Segments | ASPAC management and franchising | Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	(1)	(1)	(3)	(3)
Operating Segments | ASPAC management and franchising | Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	39	43	115	114
Operating Segments | EAME management and franchising
Disaggregation of Revenue [Line Items]
Revenues	45	45	127	108
Operating Segments | EAME management and franchising | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | EAME management and franchising | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | EAME management and franchising | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | EAME management and franchising | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | EAME management and franchising | Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	19	24	55	51
Operating Segments | EAME management and franchising | Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	22	26	64	57
Operating Segments | EAME management and franchising | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	11	9	29	24
Operating Segments | EAME management and franchising | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	6	6	22	19
Operating Segments | EAME management and franchising | Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	5	11	13	14
Operating Segments | EAME management and franchising | Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	(3)	(2)	(9)	(6)
Operating Segments | EAME management and franchising | Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | EAME management and franchising | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | EAME management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	26	21	72	57
Operating Segments | Apple Leisure Group
Disaggregation of Revenue [Line Items]
Revenues	358	363	1,187	1,057
Operating Segments | Apple Leisure Group | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	19	16	26	20
Operating Segments | Apple Leisure Group | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	17	15	24	19
Operating Segments | Apple Leisure Group | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Operating Segments | Apple Leisure Group | Other
Disaggregation of Revenue [Line Items]
Revenues	2	1	2	1
Operating Segments | Apple Leisure Group | Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	37	39	110	105
Operating Segments | Apple Leisure Group | Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	38	40	113	106
Operating Segments | Apple Leisure Group | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	13	10	42	27
Operating Segments | Apple Leisure Group | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	16	12	45	48
Operating Segments | Apple Leisure Group | Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	9	18	26	31
Operating Segments | Apple Leisure Group | Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	(1)	(1)	(3)	(1)
Operating Segments | Apple Leisure Group | Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	222	244	823	746
Operating Segments | Apple Leisure Group | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	50	37	134	104
Operating Segments | Apple Leisure Group | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	30	27	94	82
Corporate and other
Disaggregation of Revenue [Line Items]
Revenues	32	16	79	43
Corporate and other | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	24	13	59	34
Corporate and other | Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	24	13	59	34
Corporate and other | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	24	13	59	34
Corporate and other | Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Corporate and other | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	8	3	20	9
Corporate and other | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues			0	0
Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(20)	(19)	(63)	(55)
Eliminations | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	(8)	(7)	(23)	(21)
Eliminations | Rooms revenues
Disaggregation of Revenue [Line Items]
Revenues	(8)	(7)	(23)	(21)
Eliminations | Food and beverage
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Net management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	(13)	(12)	(41)	(36)
Eliminations | Management, franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	(13)	(12)	(41)	(36)
Eliminations | Base management fees
Disaggregation of Revenue [Line Items]
Revenues	(10)	(9)	(29)	(27)
Eliminations | Incentive management fees
Disaggregation of Revenue [Line Items]
Revenues	(3)	(3)	(12)	(9)
Eliminations | Franchise, license, and other fees
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Contra revenue
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Distribution and destination management
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Other revenues
Disaggregation of Revenue [Line Items]
Revenues	1	0	1	2
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Eliminations | Owned and leased hotels
Disaggregation of Revenue [Line Items]
Revenues	(8)	(7)	(23)	(21)
Eliminations | Americas management and franchising
Disaggregation of Revenue [Line Items]
Revenues	(10)	(9)	(34)	(30)
Eliminations | EAME management and franchising
Disaggregation of Revenue [Line Items]
Revenues	$ (3)	$ (3)	$ (7)	$ (6)

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of of Contract Liability (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total contract liabilities	$ 3,050	$ 2,933
Deferred revenue related to the paid membership program
Disaggregation of Revenue [Line Items]
Total contract liabilities	1,162	1,013
Deferred revenue related to the loyalty program
Disaggregation of Revenue [Line Items]
Total contract liabilities	1,101	928
Deferred revenue related to travel distribution and destination management services
Disaggregation of Revenue [Line Items]
Total contract liabilities	570	732
Advanced deposits
Disaggregation of Revenue [Line Items]
Total contract liabilities	59	61
Initial fees received from franchise owners
Disaggregation of Revenue [Line Items]
Total contract liabilities	45	45
Deferred revenue related to insurance programs
Disaggregation of Revenue [Line Items]
Total contract liabilities	5	66
Other deferred revenue
Disaggregation of Revenue [Line Items]
Total contract liabilities	$ 108	$ 88

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue recognized from opening balance	$ 184	$ 153	$ 1,058	$ 822

REVENUE FROM CONTRACTS WITH C_6

REVENUE FROM CONTRACTS WITH CUSTOMERS - Remaining Performance Obligation (Details) $ in Millions	Sep. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 550
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 550
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percent recognized	20%
Remaining performance obligation, period	12 months

DEBT AND EQUITY SECURITIES - Na

DEBT AND EQUITY SECURITIES - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) property venture	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) property	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 212		$ 212		$ 178
HTM debt securities	39		39		65
Held-to-maturity securities, fair value	39		39		81
Equity securities without a readily determinable fair value	16		16		12
Held for Operating Programs
Schedule of Equity Method Investments [Line Items]
Debt securities, available-for-sale	297		297		174
Equity securities	14		14		62
Convertible Debt Securities
Schedule of Equity Method Investments [Line Items]
Payment to acquire AFS securities			30
Convertible Debt Securities | Level Three - Significant Unobservable Inputs
Schedule of Equity Method Investments [Line Items]
Debt securities, available-for-sale	37		37
Foreign Currency Translation Adjustments
Schedule of Equity Method Investments [Line Items]
Foreign currency translation adjustment	$ 0	$ 0	$ 0	$ (5)
Third Party Entity
Schedule of Equity Method Investments [Line Items]
Number of real estate properties | property	3		3
Affiliated Entity | World of Hyatt | Held for Operating Programs
Schedule of Equity Method Investments [Line Items]
HTM debt securities	$ 26		$ 26
Affiliated Entity | Xenia | Held for Operating Programs
Schedule of Equity Method Investments [Line Items]
HTM debt securities					$ 138
Third Party Entity
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 32		$ 32
Equity method investment, ownership percentage	50%		50%
Third Party Entity | Unconsolidated Hospitality Ventures
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	100%		100%
Unconsolidated Hospitality Ventures
Schedule of Equity Method Investments [Line Items]
Number of unconsolidated hospitality ventures | venture	1
Equity Method Investment One | Owned and Leased Hotels Segment
Schedule of Equity Method Investments [Line Items]
Equity method investment, net sales proceeds				23
Equity method investment, realized gain on disposal				4
Equity Method Investment One | Owned and Leased Hotels Segment | Foreign Currency Translation Adjustments
Schedule of Equity Method Investments [Line Items]
Foreign currency translation adjustment				$ (5)

DEBT AND EQUITY SECURITIES - Sc

DEBT AND EQUITY SECURITIES - Schedule of Marketable Securities Held to Fund Operating Programs (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Held for Operating Programs
Schedule of Investments
Total marketable securities held to fund operating programs	$ 1,361	$ 1,258
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments	(352)	(339)
Marketable securities held to fund operating programs included in other assets	1,009	919
Loyalty program
Schedule of Investments
Total marketable securities held to fund operating programs	809	728
Deferred compensation plans held in rabbi trusts
Schedule of Investments
Total marketable securities held to fund operating programs	449	420
Captive insurance company
Schedule of Investments
Total marketable securities held to fund operating programs	$ 103	$ 110

DEBT AND EQUITY SECURITIES - _2

DEBT AND EQUITY SECURITIES - Schedule of Net Gains and Interest Income from Marketable Securities Held to Fund Operating Programs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Unrealized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	$ (10)	$ (12)	$ 21	$ (90)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties	(4)	(6)	11	(43)
Other income (loss), net (Note 18)	(5)	(12)	0	(42)
Other comprehensive income (loss) (Note 13)	0	(5)	0	(15)
Realized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	1	0	5	1
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties	1	0	3	1
Other income (loss), net (Note 18)	$ (1)	$ 0	$ (1)	$ 0

DEBT AND EQUITY SECURITIES - _3

DEBT AND EQUITY SECURITIES - Schedule of Marketable Securities Held for Investment Purposes (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Schedule of Investments
Common shares in Playa N.V. (Note 8)	$ 88	$ 79
Held for Investment Purposes
Schedule of Investments
Interest-bearing money market funds	57	430
Common shares in Playa N.V. (Note 8)	88	79
Time deposits	9	10
Total marketable securities held to fund operating programs	154	519
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments	(65)	(440)
Marketable securities held for investment purposes included in other assets	$ 89	$ 79

DEBT AND EQUITY SECURITIES - _4

DEBT AND EQUITY SECURITIES - Schedule of Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Playa Hotels & Resorts N.V.
Schedule of Investments
Other income (loss), net (Note 18)	$ (11)	$ (12)	$ 9	$ (26)

DEBT AND EQUITY SECURITIES - _5

DEBT AND EQUITY SECURITIES - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total	$ 1,515	$ 1,777
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
Cash equivalents	390	620
Level One—Quoted Prices in Active Markets for Identical Assets | Mutual funds and exchange-traded funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	455	482
Level One—Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	96	79
Level Two—Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	35	148
Level Two—Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	249	237
Level Two—Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	42	55
Level Two—Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	201	109
Level Two—Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	19	21
Level Two—Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	25	21
Level Two—Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	3	5
Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total	391	621
Cash and cash equivalents | 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
Cash equivalents	390	620
Cash and cash equivalents | Level One—Quoted Prices in Active Markets for Identical Assets | Mutual funds and exchange-traded funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Cash and cash equivalents | Level One—Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Cash and cash equivalents | Level Two—Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	1	1
Cash and cash equivalents | Level Two—Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Cash and cash equivalents | Level Two—Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Cash and cash equivalents | Level Two—Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Cash and cash equivalents | Level Two—Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Cash and cash equivalents | Level Two—Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Cash and cash equivalents | Level Two—Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total	26	158
Short-term investments | 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
Cash equivalents	0	0
Short-term investments | Level One—Quoted Prices in Active Markets for Identical Assets | Mutual funds and exchange-traded funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Short-term investments | Level One—Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Short-term investments | Level Two—Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	8	145
Short-term investments | Level Two—Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	8	3
Short-term investments | Level Two—Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	6	8
Short-term investments | Level Two—Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	4	2
Short-term investments | Level Two—Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Short-term investments | Level Two—Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Short-term investments | Level Two—Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	0	0
Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total	1,098	998
Other assets | 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
Cash equivalents	0	0
Other assets | Level One—Quoted Prices in Active Markets for Identical Assets | Mutual funds and exchange-traded funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	455	482
Other assets | Level One—Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	96	79
Other assets | Level Two—Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	26	2
Other assets | Level Two—Significant Other Observable Inputs | U.S. government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	241	234
Other assets | Level Two—Significant Other Observable Inputs | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	36	47
Other assets | Level Two—Significant Other Observable Inputs | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	197	107
Other assets | Level Two—Significant Other Observable Inputs | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	19	21
Other assets | Level Two—Significant Other Observable Inputs | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	25	21
Other assets | Level Two—Significant Other Observable Inputs | Municipal and provincial notes and bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	$ 3	$ 5

DEBT AND EQUITY SECURITIES - _6

DEBT AND EQUITY SECURITIES - Schedule of Debt and Equity Securities HTM (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
HTM debt securities	$ 52		$ 96
Less: allowance for credit losses	(13)	$ (30)	(31)	$ (30)	$ (40)	$ (38)
Total HTM debt securities, net of allowances	$ 39		$ 65

DEBT AND EQUITY SECURITIES - _7

DEBT AND EQUITY SECURITIES - Schedule of Debt Securities, Held-to-maturity, Allowance for Credit Loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 30	$ 40	$ 31	$ 38
Provisions (Reversals), net	(17)	(10)	2	2
Write-offs			(3)	0
Ending balance	$ 13	$ 30	$ 30	$ 40

DEBT AND EQUITY SECURITIES - Ne

DEBT AND EQUITY SECURITIES - Net unrealized gains (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Convertible Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Other comprehensive income (loss) (Note 13)	$ 7	$ 0	$ 7	$ 0

RECEIVABLES - Schedule of Accou

RECEIVABLES - Schedule of Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Net receivables	$ 762				$ 834
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance beginning balance	55	$ 59	$ 63	$ 53
Provisions (reversals), net			(4)	13
Write-offs	(1)	(4)	(4)	(6)
Other	0	3	0	(1)
Allowance ending balance	$ 54	$ 58	$ 55	$ 59

RECEIVABLES - Schedule of Finan

RECEIVABLES - Schedule of Financing Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Less: allowance for credit losses	$ (40)		$ (44)
Total long-term financing receivables, net of allowances	71		60
Unsecured Financing
Accounts, Notes, Loans and Financing Receivable
Unsecured financing to hotel owners	122		120
Less: current portion of financing receivables, included in receivables, net	(11)		(16)
Less: allowance for credit losses	$ (40)	$ (40)	$ (44)	$ (43)	$ (60)	$ (69)

RECEIVABLES - Schedule of Allow

RECEIVABLES - Schedule of Allowance for Losses and Impairments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Allowance for Losses and Impairments
Allowance beginning balance			$ 44
Write-offs	$ 0
Allowance ending balance	40
Unsecured Financing
Allowance for Losses and Impairments
Allowance beginning balance	40	$ 60	44	$ 69
Reversals, net	0	(2)	(2)	(7)
Write-offs		(14)	(2)	(1)
Foreign currency exchange, net	0	(1)	0	(1)
Allowance ending balance	$ 40	$ 43	$ 40	$ 60

RECEIVABLES - Schedule of Credi

RECEIVABLES - Schedule of Credit Monitoring (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Unsecured Financing Receivables
Related allowance	$ (40)		$ (44)
Unsecured Financing
Unsecured Financing Receivables
Gross loan balance (principal and interest)	122		120
Related allowance	(40)	$ (40)	(44)	$ (43)	$ (60)	$ (69)
Net financing receivables	82		76
Gross receivables on nonaccrual status	21		23
Unsecured Financing | Loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	115		118
Related allowance	(38)		(43)
Net financing receivables	77		75
Gross receivables on nonaccrual status	21		22
Unsecured Financing | Other financing arrangements
Unsecured Financing Receivables
Gross loan balance (principal and interest)	7		2
Related allowance	(2)		(1)
Net financing receivables	5		1
Gross receivables on nonaccrual status	$ 0		$ 1

RECEIVABLES - Narrative (Detail

RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Significant unobservable inputs (Level Three)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Financing receivables	$ 131	$ 117

ACQUISITIONS AND DISPOSITIONS -

ACQUISITIONS AND DISPOSITIONS - Acquisitions Narrative (Details) £ in Millions, $ in Millions				3 Months Ended			4 Months Ended	9 Months Ended
	Jun. 02, 2023 USD ($)	Jun. 02, 2023 GBP (£)	Feb. 02, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 GBP (£)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Contingent consideration liability				$ 107			$ 107	$ 107	$ 0
Hotel Irvine
Business Acquisition [Line Items]
Asset acquisition						$ 135
Hotel Irvine | Owned and Leased Hotels Segment
Business Acquisition [Line Items]
Property and equipment acquired						$ 135
Mr & Mrs Smith
Business Acquisition [Line Items]
Ownership interest acquired				100%			100%	100%
Net assets acquired | £					£ 53
Purchase price	$ 72	£ 58
Pro forma revenue of acquiree since acquisition date				$ 7			$ 9
Pro forma loss of acquiree since acquisition date				3			$ 3
Transaction costs				$ 0				$ 4
Dream Hotel Group
Business Acquisition [Line Items]
Ownership interest acquired				100%			100%	100%
Net assets acquired			$ 232
Purchase price			125					$ 125
Pro forma revenue of acquiree since acquisition date								5
Pro forma loss of acquiree since acquisition date								3
Outstanding liability balance			175	$ 174			$ 174	174
Contingent consideration liability			$ 107
Transaction costs				$ 0				7
ALG Acquisition
Business Acquisition [Line Items]
Decrease in intangibles								20
Increase in goodwill								$ 20

ACQUISITIONS AND DISPOSITIONS_2

ACQUISITIONS AND DISPOSITIONS - Schedule of Net Assets Acquired (Details) £ in Millions, $ in Millions			9 Months Ended
	Jun. 02, 2023 USD ($)	Jun. 02, 2023 GBP (£)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Acquired Indefinite-lived Intangible Assets [Line Items]
Cash paid			$ 175	$ 174
Mr & Mrs Smith
Acquired Indefinite-lived Intangible Assets [Line Items]
Cash paid	$ 50
Cash acquired	22
Net assets acquired	$ 72	£ 58

ACQUISITIONS AND DISPOSITIONS_3

ACQUISITIONS AND DISPOSITIONS - Schedule of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions			3 Months Ended	9 Months Ended
	Jun. 02, 2023	Feb. 02, 2023	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill			$ 3,202	$ 3,202	$ 3,101
Customer relationships intangibles
Business Acquisition [Line Items]
Weighted- average useful lives in years				8 years
Mr & Mrs Smith
Business Acquisition [Line Items]
Cash and cash equivalents	$ 22
Receivables	6
Prepaids and other assets	1
Goodwill	41
Indefinite-lived intangibles	12
Total assets acquired	110
Accounts payable	1
Accrued expenses and other current liabilities	7
Current contract liabilities	17
Long-term contract liabilities	3
Other long-term liabilities	10
Total liabilities assumed	38
Total net assets acquired attributable to Hyatt Hotels Corporation	72
Transaction costs			0	$ 4
Mr & Mrs Smith | Customer relationships intangibles
Business Acquisition [Line Items]
Finite-lived intangibles	$ 12
Weighted- average useful lives in years	12 years
Mr & Mrs Smith | Other
Business Acquisition [Line Items]
Finite-lived intangibles	$ 16
Weighted- average useful lives in years	10 years
Dream Hotel Group
Business Acquisition [Line Items]
Receivables		$ 1
Goodwill		61
Indefinite-lived intangibles		21
Total assets acquired		233
Long-term contract liabilities		1
Total liabilities assumed		1
Total net assets acquired attributable to Hyatt Hotels Corporation		232
Transaction costs			$ 0	$ 7
Dream Hotel Group | Other
Business Acquisition [Line Items]
Finite-lived intangibles		$ 7
Weighted- average useful lives in years		20 years
Dream Hotel Group | Management agreement intangibles
Business Acquisition [Line Items]
Finite-lived intangibles		$ 143
Dream Hotel Group | Management agreement intangibles | Minimum
Business Acquisition [Line Items]
Weighted- average useful lives in years		9 years
Dream Hotel Group | Management agreement intangibles | Maximum
Business Acquisition [Line Items]
Weighted- average useful lives in years		22 years
Dream Hotel Group | Management agreement intangibles | Weighted Average
Business Acquisition [Line Items]
Weighted- average useful lives in years		17 years

ACQUISITIONS AND DISPOSITIONS_4

ACQUISITIONS AND DISPOSITIONS - Schedule of Identifiable Net Assets Acquired (Details) - USD ($) $ in Millions		9 Months Ended
	Feb. 02, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Acquired Indefinite-lived Intangible Assets [Line Items]
Cash paid		$ 175	$ 174
Fair value of contingent consideration		$ 107		$ 0
Dream Hotel Group
Acquired Indefinite-lived Intangible Assets [Line Items]
Cash paid	$ 125
Fair value of contingent consideration	107
Net assets acquired	$ 232

ACQUISITIONS AND DISPOSITIONS_5

ACQUISITIONS AND DISPOSITIONS - Dispositions Narrative (Details) - Disposal Group, Disposed of by Sale - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Destination Residential Management
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration	$ 2
Gains (losses) on sales of real estate	19
Cash	10
Contingent consideration, assets, range out outcomes, value, high	48
Contingent consideration	$ 28
Contingent consideration period	2 years
The Confidante
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration		$ 227
Pre-tax gain		24
The Driskill
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration		119
Pre-tax gain		51
Grand Hyatt San Antonio River Walk
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration		109
Pre-tax gain		137
Held-to-maturity debt security		19
Disposal group, including discontinued operation, release of restricted cash		18
Goodwill impairment charges		7
Grand Hyatt San Antonio River Walk | Contract Revenue Bonds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Long-term debt		166
Unamortized discount		4
Hyatt Regency Indian Wells Resort & Spa
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration		136
Pre-tax gain		$ 40

INTANGIBLES, NET - Schedule of

INTANGIBLES, NET - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 2,192	$ 2,009
Accumulated amortization	(464)	(341)
Net carrying value	1,728	1,668
Brand and other indefinite-lived intangibles
Indefinite-lived Intangible Assets [Line Items]
Brand and other indefinite-lived intangibles	$ 625	593
Management and franchise agreement intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted- average useful lives in years	15 years
Gross carrying value	$ 903	786
Accumulated amortization	(229)	(184)
Net carrying value	$ 674	602
Customer relationships intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted- average useful lives in years	8 years
Gross carrying value	$ 620	608
Accumulated amortization	(219)	(145)
Net carrying value	$ 401	463
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted- average useful lives in years	9 years
Gross carrying value	$ 44	22
Accumulated amortization	(16)	(12)
Net carrying value	$ 28	$ 10

INTANGIBLES, NET - Schedule o_2

INTANGIBLES, NET - Schedule of Intangible Assets Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 44	$ 45	$ 133	$ 156

INTANGIBLES, NET - Narrative (D

INTANGIBLES, NET - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Management and franchise agreement intangibles
Segment Reporting Information
Impairment of intangible assets	$ 5	$ 9	$ 12	$ 12

OTHER ASSETS - Schedule of Othe

OTHER ASSETS - Schedule of Other Assets (Details) - USD ($) $ in Millions	Sep. 30, 2023		Dec. 31, 2022	Sep. 30, 2022	[1],[2]
Total other assets
Management and franchise agreement assets constituting payments to customers	$ 817		$ 699
Marketable securities held to fund rabbi trusts (Note 4)	449		420
Marketable securities held to fund the loyalty program (Note 4)	477		406
Deferred costs related to the paid membership program	172		106
Marketable securities held for captive insurance company (Note 4)	83		93
Long-term investments (Note 4)	93		77
Common shares in Playa N.V. (Note 4)	88		79
Long-term restricted cash	4	[1]	37	$ 38
Other	119		112
Total other assets	$ 2,302		$ 2,029
[1](1) Restricted cash generally represents collateral for certain obligations, escrow deposits, and other arrangements.[2](1) Restricted cash generally represents collateral for certain obligations, escrow deposits, and other arrangements.

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Debt Instrument
Long-term debt and lease obligation	$ 3,055,000,000	$ 3,055,000,000		$ 3,113,000,000
Current maturities of long-term debt	6,000,000	6,000,000		660,000,000
Unamortized discount and deferred financing fees	14,000,000	14,000,000		15,000,000
Senior Notes
Debt Instrument
Unamortized discount and deferred financing fees	4,000,000	4,000,000
2027 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 600,000,000	$ 600,000,000
Debt instrument, stated percent	5.75%	5.75%
Issue price percentage	99.975%
Long-term debt gross	$ 596,000,000	$ 596,000,000
2023 Fixed Rate Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 700,000,000	$ 700,000,000
Debt instrument, stated percent	1.30%	1.30%
2023 Notes Floating Rate | Senior Notes
Debt Instrument
Repurchases senior notes	$ 18,000,000	$ 18,000,000
2024 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 750,000,000	$ 750,000,000
Debt instrument, stated percent	1.80%	1.80%
2025 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 450,000,000	$ 450,000,000
Debt instrument, stated percent	5.375%	5.375%
2026 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 400,000,000	$ 400,000,000
Debt instrument, stated percent	4.85%	4.85%
2028 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 400,000,000	$ 400,000,000
Debt instrument, stated percent	4.375%	4.375%
2030 Notes | Senior Notes
Debt Instrument
Long-term debt, face value	$ 450,000,000	$ 450,000,000
Debt instrument, stated percent	5.75%	5.75%
2023 Notes | Senior Notes
Debt Instrument
Repurchased face amount	$ 638,000,000	$ 638,000,000
Repayments of long-term debt	642,000,000
Accrued interest	4,000,000
Revolving Credit Facility
Debt Instrument
Borrowings from revolving credit facility during period		0	$ 0
Repayments of revolving credit facility during period		0	$ 0
Revolving credit facility, outstanding balance	0	0		$ 0
Revolving credit facility, remaining borrowing capacity	$ 1,496,000,000	$ 1,496,000,000

DEBT - Schedule of Fair Value,

DEBT - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument
Finance lease obligations	$ 6	$ 7
Unamortized discount and deferred financing fees	14	15
Quoted prices in active markets for identical assets (Level One)
Debt Instrument
Debt	0	0
Significant other observable inputs (Level Two)
Debt Instrument
Debt	2,944	2,976
Significant unobservable inputs (Level Three)
Debt Instrument
Debt	29	30
Carrying value
Debt Instrument
Debt	3,063	3,121
Fair value
Debt Instrument
Debt	$ 2,973	$ 3,006

OTHER LONG-TERM LIABILITIES - S

OTHER LONG-TERM LIABILITIES - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Other Liabilities [Abstract]
Deferred compensation plans funded by rabbi trusts (Note 4)	$ 449	$ 420
Income taxes payable	403	339
Guarantee liabilities (Note 12)	121	124
Contingent consideration liability (Note 12)	107	0
Deferred income taxes (Note 11)	82	72
Self-insurance liabilities (Note 12)	72	68
Other	61	54
Other long-term liabilities	$ 1,295	$ 1,077

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Oct. 02, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Income Tax Contingency [Line Items]
Provision for income taxes		$ 33	$ 35	$ 107	$ 143
Estimated income tax liability based on taxing authority’s assessment				18
Unrecognized tax benefits		301		301		$ 253
Amount of unrecognized tax benefits that would affect the tax rate if recognized		$ 129		$ 129		$ 102
Tax Year 2009 Through 2011 | Subsequent Event
Income Tax Contingency [Line Items]
Taxable income that must be recognized	$ 12
Estimated tax liability	5
Tax Year 2012 Through 2023 | Subsequent Event
Income Tax Contingency [Line Items]
Estimated income tax liability based on taxing authority’s assessment	211
Estimated interest, net of federal benefit	30
Preceding Tax Year 2009 | Subsequent Event
Income Tax Contingency [Line Items]
Taxable income that doesn't need to be recogniezed	$ 228

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Commitments and Performance Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Performance Guarantee
Loss Contingencies
Remaining maximum exposure	$ 108
Guarantor obligations, liability, current carrying value	94	$ 108
Performance Guarantee | Other long-term Liabilities
Loss Contingencies
Guarantor obligations, liability, current carrying value	88	96
Performance Guarantee | Accrued Expenses and Other Current Liabilities
Loss Contingencies
Guarantor obligations, liability, current carrying value	6	$ 12
Various Business Ventures
Loss Contingencies
Commitment to loan or investment	$ 351

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Debt Repayment and Other Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Loss Contingencies
Other long-term liabilities recorded	$ 121	$ 124
Debt Repayment and Other Guarantees
Loss Contingencies
Maximum potential future payments	310
Maximum exposure net of recoverability from third parties	219
Other long-term liabilities recorded	33	28
Debt Repayment and Other Guarantees | Hotel Properties in India | Joint Venture
Loss Contingencies
Maximum exposure net of recoverability from third parties	$ 83
Debt repayment and other guarantees, equity method investment, ownership percentage	50%
Debt Repayment and Other Guarantees | United States
Loss Contingencies
Maximum potential future payments	$ 110
Maximum exposure net of recoverability from third parties	41
Other long-term liabilities recorded	8	3
Debt Repayment and Other Guarantees | All foreign
Loss Contingencies
Maximum potential future payments	200
Maximum exposure net of recoverability from third parties	178
Other long-term liabilities recorded	$ 25	$ 25

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Schedule of Contingent Consideration Fair Value (Details) - Contingent Consideration - USD ($) $ in Millions	3 Months Ended	5 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value as of acquisition date	$ 106	$ 107
Change in fair value	2	(1)
Payments	(1)
Fair value at June 30	$ 107	$ 106

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Insurance, Collective Bargaining Agreements, Surety Bonds, and Letters of Credit, and Other (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Feb. 02, 2023	Dec. 31, 2022
Loss Contingencies
Guarantees, fair value disclosure	$ 139		$ 124
Self insurance reserve, current	42		39
Self-insurance liabilities, noncurrent	72		$ 68
Surety bonds	254
Estimated income tax liability based on taxing authority’s assessment	18
Dream Hotel Group
Loss Contingencies
Outstanding liability balance	174	$ 175
Letter of Credit
Loss Contingencies
Letters of credit outstanding	260
Reducing capacity under revolving credit facility	$ 4
Various US
Loss Contingencies
Multiemployer plans, collective-bargaining arrangement, percentage of participants	21%

EQUITY - Schedule of Accumulate

EQUITY - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 3,685	$ 3,612	$ 3,702	$ 3,566
Balance, end of period	3,589	3,446	3,589	3,446
Interest Rate Contract
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassification out of AOCI within next 12 months			6
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(168)	(219)	(202)	(206)
Current period other comprehensive income (loss) before reclassification	(26)	(22)	8	(40)
Amount reclassified from accumulated other comprehensive loss	0	0	0	5
Balance, end of period	(194)	(241)	(194)	(241)
AFS debt securities unrealized fair value adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(11)	(11)	(11)	(1)
Current period other comprehensive income (loss) before reclassification	2	(5)	2	(15)
Amount reclassified from accumulated other comprehensive loss	3	0	3	0
Balance, end of period	(6)	(16)	(6)	(16)
Pension liabilities adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period		(4)		(4)
Current period other comprehensive income (loss) before reclassification		0		0
Amount reclassified from accumulated other comprehensive loss		0		0
Balance, end of period		(4)		(4)
Derivative instruments adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(27)	(31)	(29)	(34)
Current period other comprehensive income (loss) before reclassification	1	0	1	0
Amount reclassified from accumulated other comprehensive loss	2	2	4	5
Balance, end of period	(24)	(29)	(24)	(29)
Accumulated other comprehensive loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(206)	(265)	(242)	(245)
Current period other comprehensive income (loss) before reclassification	(23)	(27)	11	(55)
Amount reclassified from accumulated other comprehensive loss	5	2	7	10
Balance, end of period	$ (224)	$ (290)	$ (224)	$ (290)

EQUITY - Narrative (Details)

EQUITY - Narrative (Details) - USD ($)		3 Months Ended				9 Months Ended
	Dec. 31, 2022	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	May 10, 2023	Dec. 18, 2019
Equity [Abstract]
Stock repurchase program, authorized amount (up to)								$ 1,055,000,000	$ 750,000,000
Stock repurchase program, remaining authorized repurchase amount						$ 1,300,000,000
Stock repurchased during period (in shares)						3,233,926	3,075,891
Weighted-average price per share (in dollars per share)						$ 110.72	$ 85.56
Aggregate purchase price						$ 358,000,000	$ 263,000,000
Shares repurchased and not settled yet (in shares)	106,116	968,629	73,368	1,018,931	189,000		189,000
Stock repurchased and retired during period, value, not settled yet	$ 9,000,000	$ 108,000,000	$ 8,000,000	$ 106,000,000	$ 16,000,000	$ 0	$ 16,000,000
Stock repurchased and retired during period, liability to be paid	$ 9,000,000			$ 9,000,000
Shares repurchased as a percentage of total common stock outstanding						3%	3%

EQUITY - Schedule of Dividends

EQUITY - Schedule of Dividends Paid (Details) - USD ($) $ / shares in Units, $ in Millions					3 Months Ended			9 Months Ended
	Sep. 08, 2023	Aug. 03, 2023	Jun. 12, 2023	May 11, 2023	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Dividends Payable [Line Items]
Total cash dividends paid					$ 16	$ 16	$ 0	$ 32	$ 0
Cash dividend declared (in dollars per share)		$ 0.15		$ 0.15
Cash dividend paid (in dollars per share)	$ 0.15		$ 0.15		$ 0.15	$ 0.15
Common Class A
Dividends Payable [Line Items]
Total cash dividends paid					$ 7		0	14	0
Common Class B
Dividends Payable [Line Items]
Total cash dividends paid					$ 9		$ 0	$ 18	$ 0

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Compensation Expense Related to Long-Term Incentive Plan (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 12	$ 7	$ 60	$ 47
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	1	0	12	11
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	7	6	32	30
PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Compensation expense	$ 4	$ 1	$ 16	$ 6

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)	284,912	359,113
Grants in period, weighted-average fair value at grant date (in dollars per share)	$ 48.54	$ 37.56
Total unearned compensation	$ 3
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)	469,981	539,818
Grants in period, weighted-average fair value at grant date (in dollars per share)	$ 111.07	$ 91.81
Total unearned compensation	$ 36
PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)	133,383	176,756
Grants in period, weighted-average fair value at grant date (in dollars per share)	$ 120.64	$ 81.14
Total unearned compensation	$ 25
SARs ,RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Amortization period, deferred compensation expense	2 years

RELATED-PARTY TRANSACTIONS - Le

RELATED-PARTY TRANSACTIONS - Legal Services (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction
Selling, general, and administrative	$ 131	$ 108	$ 434	$ 295
Related Party | Related Party Legal Services
Related Party Transaction
Selling, general, and administrative	3	$ 4	10	$ 10
Due to related party	$ 3		$ 3		$ 0

RELATED-PARTY TRANSACTIONS - Eq

RELATED-PARTY TRANSACTIONS - Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction
Net receivables	$ 762		$ 762		$ 834
Financing receivable	$ 71		$ 71		60
Minimum | Unconsolidated Hospitality Ventures
Related Party Transaction
Equity method investment, ownership percentage	24%		24%
Maximum | Unconsolidated Hospitality Ventures
Related Party Transaction
Equity method investment, ownership percentage	50%		50%
Related Party
Related Party Transaction
Net receivables	$ 38		$ 38		33
Financing receivable	21		21		$ 21
Franchise or License Fees | Related Party
Related Party Transaction
Related party amounts	5	$ 7		$ 17
Related Parties Guarantees | Related Party
Related Party Transaction
Related party amounts	$ 1	$ 2	$ 4	$ 5

RELATED-PARTY TRANSACTIONS - Sh

RELATED-PARTY TRANSACTIONS - Share Conversion (Details) - $ / shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2023	Dec. 31, 2022
Common Class B
Related Party Transaction
Class share conversions (in shares)	(635,522)
Common stock, par value per share (in dollars per share)		$ 0.01	$ 0.01
Common Class A
Related Party Transaction
Class share conversions (in shares)	635,522
Common stock, par value per share (in dollars per share)		$ 0.01	$ 0.01

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Summarized Consolidated Financial Information by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information
Total revenues	$ 1,622	$ 1,541	$ 5,007	$ 4,303
Adjusted EBITDA	247	252	788	676
Depreciation and amortization	100	96	297	320
Owned and leased hotels
Segment Reporting Information
Total revenues	329	309	984	911
Management, franchise, license, and other fees
Segment Reporting Information
Total revenues	250	224	729	582
Contra revenue
Segment Reporting Information
Total revenues	(12)	(9)	(34)	(27)
Other revenues
Segment Reporting Information
Total revenues	79	68	238	206
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	754	705	2,267	1,885
Distribution and destination management
Segment Reporting Information
Total revenues	222	244	823	746
Operating Segments | Owned and leased hotels
Segment Reporting Information
Total revenues	318	300	981	912
Adjusted EBITDA	64	66	222	219
Depreciation and amortization	45	45	136	141
Operating Segments | Owned and leased hotels | Owned and leased hotels
Segment Reporting Information
Total revenues	318	300	981	912
Operating Segments | Owned and leased hotels | Management, franchise, license, and other fees
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Contra revenue
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Other revenues
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Owned and leased hotels | Distribution and destination management
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Americas management and franchising
Segment Reporting Information
Total revenues	809	764	2,462	2,060
Adjusted EBITDA	114	114	355	316
Depreciation and amortization	7	5	20	16
Operating Segments | Americas management and franchising | Owned and leased hotels
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Americas management and franchising | Management, franchise, license, and other fees
Segment Reporting Information
Total revenues	137	127	412	354
Operating Segments | Americas management and franchising | Contra revenue
Segment Reporting Information
Total revenues	(7)	(5)	(19)	(17)
Operating Segments | Americas management and franchising | Other revenues
Segment Reporting Information
Total revenues	20	28	83	91
Operating Segments | Americas management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	659	614	1,986	1,632
Operating Segments | Americas management and franchising | Distribution and destination management
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | ASPAC management and franchising
Segment Reporting Information
Total revenues	80	72	234	178
Adjusted EBITDA	28	18	90	34
Depreciation and amortization	0	0	1	1
Operating Segments | ASPAC management and franchising | Owned and leased hotels
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Management, franchise, license, and other fees
Segment Reporting Information
Total revenues	42	30	122	67
Operating Segments | ASPAC management and franchising | Contra revenue
Segment Reporting Information
Total revenues	(1)	(1)	(3)	(3)
Operating Segments | ASPAC management and franchising | Other revenues
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | ASPAC management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	39	43	115	114
Operating Segments | ASPAC management and franchising | Distribution and destination management
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | EAME management and franchising
Segment Reporting Information
Total revenues	45	45	127	108
Adjusted EBITDA	16	18	44	32
Operating Segments | EAME management and franchising | Owned and leased hotels
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | EAME management and franchising | Management, franchise, license, and other fees
Segment Reporting Information
Total revenues	22	26	64	57
Operating Segments | EAME management and franchising | Contra revenue
Segment Reporting Information
Total revenues	(3)	(2)	(9)	(6)
Operating Segments | EAME management and franchising | Other revenues
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | EAME management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	26	21	72	57
Operating Segments | EAME management and franchising | Distribution and destination management
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Apple Leisure Group
Segment Reporting Information
Total revenues	358	363	1,187	1,057
Adjusted EBITDA	50	78	178	188
Depreciation and amortization	40	40	119	142
Operating Segments | Apple Leisure Group | Owned and leased hotels
Segment Reporting Information
Total revenues	19	16	26	20
Operating Segments | Apple Leisure Group | Management, franchise, license, and other fees
Segment Reporting Information
Total revenues	38	40	113	106
Operating Segments | Apple Leisure Group | Contra revenue
Segment Reporting Information
Total revenues	(1)	(1)	(3)	(1)
Operating Segments | Apple Leisure Group | Other revenues
Segment Reporting Information
Total revenues	50	37	134	104
Operating Segments | Apple Leisure Group | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	30	27	94	82
Operating Segments | Apple Leisure Group | Distribution and destination management
Segment Reporting Information
Total revenues	222	244	823	746
Operating Segments | Corporate and other
Segment Reporting Information
Adjusted EBITDA	(25)	(42)	(102)	(114)
Depreciation and amortization	8	6	21	20
Operating Segments | Corporate and other | Revenues
Segment Reporting Information
Total revenues	32	16	79	43
Eliminations
Segment Reporting Information
Total revenues	(20)	(19)	(63)	(55)
Adjusted EBITDA	0	0	1	1
Eliminations | Owned and leased hotels
Segment Reporting Information
Total revenues	(8)	(7)	(23)	(21)
Eliminations | Management, franchise, license, and other fees
Segment Reporting Information
Total revenues	(13)	(12)	(41)	(36)
Eliminations | Contra revenue
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Other revenues
Segment Reporting Information
Total revenues	1	0	1	2
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Distribution and destination management
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Owned and leased hotels
Segment Reporting Information
Total revenues	(8)	(7)	(23)	(21)
Eliminations | Americas management and franchising
Segment Reporting Information
Total revenues	(10)	(9)	(34)	(30)
Eliminations | EAME management and franchising
Segment Reporting Information
Total revenues	(3)	(3)	(7)	(6)
Eliminations | Corporate and other
Segment Reporting Information
Total revenues	$ 1	$ 0	$ 1	$ 2

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Reconciliation of Consolidated Adjusted EBITDA to EBITDA and a Reconciliation of EBITDA to Net Income Attributable to Hyatt Hotels Corporation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information
Net income attributable to Hyatt Hotels Corporation	$ 68	$ 28	$ 194	$ 161
Interest expense	41	38	105	116
Provision for income taxes	33	35	107	143
Depreciation and amortization	100	96	297	320
EBITDA	242	197	703	740
Total revenues	(1,622)	(1,541)	(5,007)	(4,303)
Equity (earnings) losses from unconsolidated hospitality ventures	(7)	(2)	(4)	6
Stock-based compensation expense (Note 14)	12	7	60	47
(Gains) losses on sales of real estate and other (Note 6)	18	(1)	18	250
Asset impairments	6	9	13	19
Other (income) loss, net (Note 18)	(24)	24	(80)	53
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA	14	15	45	38
Adjusted EBITDA	247	252	788	676
Contra revenue
Segment Reporting Information
Total revenues	12	9	34	27
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Total revenues	(754)	(705)	(2,267)	(1,885)
Costs incurred on behalf of managed and franchised properties
Segment Reporting Information
Costs incurred on behalf of managed and franchised properties	$ 764	$ 697	$ 2,302	$ 1,881

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of the Calculation of Basic and Diluted Earnings (Losses) Per Share (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended					9 Months Ended
	Dec. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net income		$ 68				$ 28	$ 194	$ 161
Net income attributable to noncontrolling interests		0				0	0	0
NET INCOME ATTRIBUTABLE TO HYATT HOTELS CORPORATION		$ 68				$ 28	$ 194	$ 161
Denominator:
Basic weighted-average shares outstanding (in shares)		104,335,826				109,077,476	105,411,846	109,730,293
Share-based compensation (in shares)		2,523,931				1,946,515	2,461,795	2,062,150
Diluted weighted-average shares outstanding (in shares)		106,859,757				111,023,991	107,873,641	111,792,443
Basic Earnings Per Share:
Net income (in dollars per share)		$ 0.65				$ 0.25	$ 1.84	$ 1.46
Net income attributable to noncontrolling interests (in dollars per share)		0				0	0	0
Net income attributable to Hyatt Hotels Corporation (in dollars per share)		0.65				0.25	1.84	1.46
Diluted Earnings Per Share:
Net income (in dollars per share)		0.63				0.25	1.80	1.44
Net income attributable to noncontrolling interests (in dollars per share)		0				0	0	0
Net income attributable to Hyatt Hotels Corporation (in dollars per share)		$ 0.63				$ 0.25	$ 1.80	$ 1.44
Shares repurchased and not settled yet (in shares)	106,116		968,629	73,368	1,018,931	189,000		189,000

EARNINGS PER SHARE - Schedule_2

EARNINGS PER SHARE - Schedule of Antidilutive Securities Excluded from Computation of Losses Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
SARs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	24,100	10,900	54,900	9,300
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	100	2,800	1,900	1,900

OTHER INCOME (LOSS), NET - Sche

OTHER INCOME (LOSS), NET - Schedule of Other Income (Loss), Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Income and Expenses [Abstract]
Interest income	$ 24	$ 14	$ 56	$ 29
Credit loss reversals (provisions), net (Note 4 and Note 5)	17	12	17	17
Depreciation recovery	6	4	15	12
Guarantee amortization income (Note 12)	5	10	12	17
Loss on extinguishment of debt	0	0	0	(8)
Restructuring costs	0	(26)	1	(26)
Transaction costs (Note 6)	(2)	0	(13)	(1)
Guarantee expense (Note 12)	(4)	(4)	(16)	(12)
Foreign currency exchange, net	(6)	(10)	(7)	(12)
Unrealized gains (losses), net (Note 4)	(16)	(24)	9	(68)
Other, net	0	0	6	(1)
Other income (loss), net	$ 24	$ (24)	$ 80	$ (53)