Hyatt Hotels (H) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 25, 2024
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A
Document Information
Entity Common Stock, Shares Outstanding		42,289,812
Class B common stock
Document Information
Entity Common Stock, Shares Outstanding		53,748,579

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUES:
Total revenues	$ 1,629	$ 1,622	$ 5,046	$ 5,007
DIRECT AND GENERAL AND ADMINISTRATIVE EXPENSES:
General and administrative	126	122	412	411
Other direct costs	19	81	81	266
Transaction and integration costs	8	8	26	31
Depreciation and amortization	81	100	257	297
Total direct and general and administrative expenses	1,525	1,516	4,752	4,729
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	18	(9)	46	26
Equity earnings (losses) from unconsolidated hospitality ventures	(13)	7	32	4
Interest expense	(50)	(41)	(128)	(105)
Gains (losses) on sales of real estate and other	514	18	1,267	18
Asset impairments	(35)	(6)	(52)	(13)
Other income (loss), net	70	26	152	93
Income before income taxes	608	101	1,611	301
Provision for income taxes	(137)	(33)	(259)	(107)
Net income	471	68	1,352	194
Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to Hyatt Hotels Corporation	$ 471	$ 68	$ 1,352	$ 194
EARNINGS PER CLASS A AND CLASS B SHARE:
Net income attributable to Hyatt Hotels Corporation - Basic (in dollars per share)	$ 4.75	$ 0.65	$ 13.38	$ 1.84
Net income attributable to Hyatt Hotels Corporation - Diluted (in dollars per share)	$ 4.63	$ 0.63	$ 13.04	$ 1.80
Net fees
REVENUES:
Total revenues	$ 241	$ 231	$ 749	$ 686
Gross fees
REVENUES:
Total revenues	268	243	805	720
Base management fees
REVENUES:
Total revenues	97	94	295	281
Incentive management fees
REVENUES:
Total revenues	52	51	170	167
Franchise and other fees
REVENUES:
Total revenues	119	98	340	272
Contra revenue
REVENUES:
Total revenues	(27)	(12)	(56)	(34)
Owned and leased
REVENUES:
Total revenues	287	329	910	984
DIRECT AND GENERAL AND ADMINISTRATIVE EXPENSES:
Costs of goods and services sold	228	256	716	753
Distribution
REVENUES:
Total revenues	221	229	818	832
DIRECT AND GENERAL AND ADMINISTRATIVE EXPENSES:
Costs of goods and services sold	182	185	690	669
Other revenues
REVENUES:
Total revenues	13	79	58	238
Revenues for reimbursed costs
REVENUES:
Total revenues	867	754	2,511	2,267
Reimbursed costs
DIRECT AND GENERAL AND ADMINISTRATIVE EXPENSES:
Costs of goods and services sold	$ 881	$ 764	$ 2,570	$ 2,302

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 471	$ 68	$ 1,352	$ 194
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax of $1 and $4 for the three and nine months ended September 30, 2024, respectively, and $1 and $— for the three and nine months ended September 30, 2023, respectively	29	(26)	(24)	8
Derivative instrument adjustments, net of tax of $— and $(1) for the three and nine months ended September 30, 2024, respectively, and $— and $(1) for the three and nine months ended September 30, 2023, respectively	1	3	2	5
Pension liabilities adjustments, net of tax of $— for the three and nine months ended September 30, 2024 and September 30, 2023	0	0	(2)	0
Available-for-sale debt securities unrealized fair value adjustments, net of tax of $(4) and $(3) for the three and nine months ended September 30, 2024, respectively, and $(2) for both the three and nine months ended September 30, 2023	13	5	9	5
Other comprehensive income (loss)	43	(18)	(15)	18
Comprehensive income	514	50	1,337	212
Comprehensive income attributable to noncontrolling interests	0	0	0	0
Comprehensive income attributable to Hyatt Hotels Corporation	$ 514	$ 50	$ 1,337	$ 212

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parentheticals) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 1	$ 1	$ 4	$ 0
Derivative instrument adjustments, tax	0	0	(1)	(1)
Pension liabilities adjustments, tax	0	0	0	0
Available-for-sale debt securities unrealized fair value adjustments, tax	$ (4)	$ (2)	$ (3)	$ (2)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2024		Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 1,095		$ 881
Restricted cash	9	[1]	34
Short-term investments	39		15
Receivables, net of allowances of $53 and $50 at September 30, 2024 and December 31, 2023, respectively	960		883
Inventories	8		9
Prepaids and other assets	155		195
Prepaid income taxes	50		51
Assets held for sale	0		62
Total current assets	2,316		2,130
Equity method investments	272		211
Property and equipment, net	1,634		2,340
Financing receivables, net of allowances of $39 and $42 at September 30, 2024 and December 31, 2023, respectively	310		73
Operating lease right-of-use assets	339		369
Goodwill	2,277		3,205
Intangibles, net	1,526		1,670
Deferred tax assets	438		358
Other assets	2,753		2,477
TOTAL ASSETS	11,865		12,833
CURRENT LIABILITIES:
Current maturities of long-term debt	455		751
Accounts payable	346		493
Accrued expenses and other current liabilities	617		468
Current contract liabilities	1,298		1,598
Accrued compensation and benefits	186		210
Current operating lease liabilities	34		41
Liabilities held for sale	0		17
Total current liabilities	2,936		3,578
Long-term debt	2,687		2,305
Long-term contract liabilities	811		1,759
Long-term operating lease liabilities	251		273
Other long-term liabilities	1,480		1,351
Total liabilities	8,165		9,266
Commitments and contingencies (see Note 13)
EQUITY:
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized and none outstanding at both September 30, 2024 and December 31, 2023	0		0
Common stock	1		1
Additional paid-in capital	0		0
Retained earnings	3,886		3,738
Accumulated other comprehensive loss	(190)		(175)
Total stockholders' equity	3,697		3,564
Noncontrolling interests in consolidated subsidiaries	3		3
Total equity	3,700		3,567
TOTAL LIABILITIES AND EQUITY	$ 11,865		$ 12,833
[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, 2024	Dec. 31, 2023
Allowance for doubtful accounts receivable, current	$ 53	$ 50
Financing receivable, allowance for credit loss	$ 39	$ 42
Preferred stock, par or stated 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
Class A common stock
Common stock, par or stated 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, issued (in shares)	42,277,394	44,275,818
Common stock, shares, outstanding (in shares)	42,277,394	44,275,818
Class B common stock
Common stock, par or stated value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	385,742,991	390,751,535
Common stock, shares, issued (in shares)	53,748,579	58,757,123
Common stock, shares, outstanding (in shares)	53,748,579	58,757,123

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 1,352	$ 194
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		257	297
(Gains) losses on sales of real estate and other		(1,267)	(18)
Amortization of share awards		55	60
Amortization of operating lease right-of-use assets		28	28
Deferred income taxes		(95)	(64)
Asset impairments		52	13
Equity (earnings) losses from unconsolidated hospitality ventures		(32)	(4)
Contra revenue		56	34
Unrealized (gains) losses, net		4	(9)
Distributions from unconsolidated hospitality ventures		8	8
Contingent consideration liability fair value adjustment		(20)	1
Working capital changes and other		0	(114)
Net cash provided by operating activities		398	426
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments		(1,321)	(378)
Proceeds from marketable securities and short-term investments		1,204	459
Contributions to equity method and other investments		(78)	(36)
Return of equity method and other investments		9	7
Acquisitions, net of cash acquired		(28)	(175)
Capital expenditures		(119)	(134)
Issuance of financing receivables		(91)	(31)
Proceeds from sales of real estate and other, net of cash disposed		1,410	(10)
Other investing activities		(3)	(6)
Net cash provided by (used) in investing activities		983	(304)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt, net of issuance costs of $14 and $4, respectively		830	596
Repayments and repurchases of debt		(749)	(659)
Repurchases of common stock		(1,179)	(358)
Dividends paid		(46)	(32)
Payment of withholding taxes for stock-based compensation		(41)	(14)
Other financing activities		1	1
Net cash used in financing activities		(1,184)	(466)
Effect of exchange rate changes on cash		(11)	(5)
Net increase (decrease) in cash, cash equivalents, and restricted cash, including cash, cash equivalents, and restricted cash classified within current assets held for sale		186	(349)
Net change in cash, cash equivalents, and restricted cash classified as assets held for sale		3	0
Net increase (decrease) in cash, cash equivalents, and restricted cash		189	(349)
Cash, cash equivalents, and restricted cash—Beginning of period		919	1,067
Cash, cash equivalents, and restricted cash—End of period		1,108	718
Supplemental disclosure of cash flow information:
Cash and cash equivalents		1,095	701
Restricted cash	[1]	9	13
Restricted cash included in other assets	[1]	4	4
Total cash, cash equivalents, and restricted cash		1,108	718
Cash paid during the period for interest		115	80
Cash paid during the period for income taxes		121	124
Cash paid for amounts included in the measurement of operating lease liabilities		34	37
Non-cash investing and financing activities are as follows:
Non-cash contributions to equity method and other investments (Note 4, Note 7)		223	0
Non-cash issuance of financing receivables (Note 7)		129	0
Non-cash right-of-use assets obtained in exchange for operating lease liabilities		13	11
Change in accrued capital expenditures		(4)	14
Non-cash redemption of financing receivable		0	20
Non-cash redemption of held-to-maturity debt security in exchange for equity method investment (Note 4)		0	32
Non-cash contingent consideration liability assumed in acquisition (Note 7)		0	107
Non-cash contingent consideration receivable recorded in disposition (Note 7)		$ 0	$ 28
[1] (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, 2024	Sep. 30, 2023
Statement of Cash Flows [Abstract]
Debt issuance cost	$ 14	$ 4

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 Loss	Noncontrolling Interests in Consolidated Subsidiaries	Class A common stock	Class A common stock Common Stock Amount	Class B common stock	Class B common stock Common Stock Amount
Balance, beginning of period (in shares) at Dec. 31, 2022								47,482,787		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 income		77		58	19
Repurchases of common stock (in shares)	[1]							(1,018,931)
Repurchases of common stock	[1]	(98)	(98)
Liability for repurchases of common stock	[2]	(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
Balance, end of period (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
Balance, beginning of period (in shares) at Dec. 31, 2022								47,482,787		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 income		212
Cash dividends declared of $0.15 per share (see Note 14)		(32)					$ (14)		$ (18)
Balance, end of period (in shares) at Sep. 30, 2023								44,677,518		58,917,749
Balance, end of period at Sep. 30, 2023		3,589	25	3,784	(224)	3		$ 1		$ 0
Balance, beginning of period (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 income		85		68	17
Repurchases of common stock (in shares)	[1]							(968,629)
Repurchases of common stock	[1]	(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 declared of $0.15 per share (see Note 14)		(16)		(16)
Balance, end of period (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 income		50		68	(18)
Repurchases of common stock (in shares)	[1]							(1,246,366)
Repurchases of common stock	[1]	(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 declared of $0.15 per share (see Note 14)		(16)		(16)			$ (7)		$ (9)
Balance, end of period (in shares) at Sep. 30, 2023								44,677,518		58,917,749
Balance, end of period at Sep. 30, 2023		3,589	25	3,784	(224)	3		$ 1		$ 0
Balance, beginning of period (in shares) at Dec. 31, 2023							44,275,818	44,275,818	58,757,123	58,757,123
Balance, beginning of period at Dec. 31, 2023		3,567	0	3,738	(175)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income		500		522	(22)
Repurchases of common stock (in shares)	[1]							(528,427)		(1,987,229)
Repurchases of common stock	[1]	(389)	(2)	(387)
Employee stock plan issuance (in shares)								13,475
Employee stock plan issuance		2	2
Share-based payment activity (in shares)								635,482
Share-based payment activity		(5)		(5)
Cash dividends declared of $0.15 per share (see Note 14)		(15)		(15)
Class share conversions (in shares)								766,296		(766,296)
Balance, end of period (in shares) at Mar. 31, 2024								45,162,644		56,003,598
Balance, end of period at Mar. 31, 2024		3,660	0	3,853	(197)	3		$ 1		$ 0
Balance, beginning of period (in shares) at Dec. 31, 2023							44,275,818	44,275,818	58,757,123	58,757,123
Balance, beginning of period at Dec. 31, 2023		3,567	0	3,738	(175)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income		1,337
Cash dividends declared of $0.15 per share (see Note 14)		(46)					$ (20)		$ (26)
Class share conversions (in shares)							1,379,064		(1,379,064)
Balance, end of period (in shares) at Sep. 30, 2024							42,277,394	42,277,394	53,748,579	53,748,579
Balance, end of period at Sep. 30, 2024		3,700	0	3,886	(190)	3		$ 1		$ 0
Balance, beginning of period (in shares) at Mar. 31, 2024								45,162,644		56,003,598
Balance, beginning of period at Mar. 31, 2024		3,660	0	3,853	(197)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income		323		359	(36)
Repurchases of common stock (in shares)	[1]							(906,875)
Repurchases of common stock	[1]	(135)	(21)	(114)
Employee stock plan issuance (in shares)								14,553
Employee stock plan issuance		2	2
Share-based payment activity (in shares)								32,883
Share-based payment activity		19	19
Cash dividends declared of $0.15 per share (see Note 14)		(16)		(16)
Class share conversions (in shares)								464,111		(464,111)
Balance, end of period (in shares) at Jun. 30, 2024								44,767,316		55,539,487
Balance, end of period at Jun. 30, 2024		3,853	0	4,082	(233)	3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total comprehensive income		514		471	43
Repurchases of common stock (in shares)	[3]							(2,858,280)		(1,642,251)
Repurchases of common stock	[3]	(663)	(11)	(652)
Employee stock plan issuance (in shares)								12,920
Employee stock plan issuance		2	2
Share-based payment activity (in shares)								206,781
Share-based payment activity		9	9
Cash dividends declared of $0.15 per share (see Note 14)		(15)		(15)			$ (6)		$ (9)
Class share conversions (in shares)								148,657		(148,657)
Balance, end of period (in shares) at Sep. 30, 2024							42,277,394	42,277,394	53,748,579	53,748,579
Balance, end of period at Sep. 30, 2024		$ 3,700	$ 0	$ 3,886	$ (190)	$ 3		$ 1		$ 0
[1] (1) Includes a $1 million liability for the 1% U.S. federal excise tax on certain share repurchases enacted by the Inflation Reduction Act of 2022. (2) Represents repurchases of 73,368 shares for $8 million that were initiated prior to March 31, 2023, but settled in the second quarter of 2023. (3) Includes a $6 million liability for the 1% U.S. federal excise tax on certain share repurchases enacted by the Inflation Reduction Act of 2022.

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividend declared (in dollars per share)	$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.15
Excise tax	$ 6	$ 1	$ 1	$ 1	$ 1	$ 1
Shares repurchased and not settled yet (in shares)						73,368
Non-cash repurchases of common stock						$ 8

ORGANIZATION

ORGANIZATION	9 Months Ended
	Sep. 30, 2024
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 and a boutique and luxury global travel platform through Mr & Mrs Smith. At September 30, 2024, our hotel portfolio included 1,363 hotels, comprising 326,845 rooms throughout the world, of which 701 hotels are located in the United States, comprising 157,154 rooms, and 124 are all-inclusive resorts, comprising 42,634 rooms. At September 30, 2024, our portfolio of properties operated in 79 countries 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 trade names 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: • "hospitality ventures" refer 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 we license our trademarks to 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 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, 2023 (the "2023 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. Transaction and Integration Costs —During the nine months ended September 30, 2024, we presented a new financial statement line item to provide enhanced visibility on our condensed consolidated statements of income and reclassified prior-period results for comparability. Transaction and integration costs include the following: • integration costs, which were previously recognized in integration costs and include expenses incurred related to the integration of recently acquired businesses, including certain compensation expenses, professional fees, sales and marketing expenses, and technology expenses; • transaction costs for potential transactions, primarily related to professional fees incurred for acquisitions and dispositions, which were previously recognized in general and administrative expenses; and • transaction costs for completed transactions, primarily related to professional fees incurred for acquisitions, which were previously recognized in other income (loss), net. Transaction costs for completed dispositions continue to be recognized in gains (losses) on sales of real estate and other. Segment Realignment —During the nine months ended September 30, 2024, we realigned our reportable segments to align with our business strategy, the organizational changes for certain members of our leadership team, and the manner in which our chief operating decision maker ("CODM") assesses performance and makes decisions regarding the allocation of resources. The segment realignment had no impact on our condensed consolidated financial position or results of operations. Prior-period segment results have been recast to reflect our new reportable segments. See Note 17 for a summary of our revised reportable segments and summarized consolidated financial information by segment. In conjunction with the segment realignment, certain financial statement line item descriptions were revised within our condensed consolidated statements of income. With the exception of the new transaction and integration costs financial statement line item described above, the composition of the accounts within these financial statement line items remains unchanged. The changes include: New financial statement line item Previously-used financial statement line item Owned and leased revenues Owned and leased hotels revenues Franchise and other fee revenues Franchise, license, and other fee revenues Revenues for reimbursed costs Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties General and administrative expenses (1), (2) Selling, general, and administrative expenses Integration costs (2) Selling, general, and administrative expenses Owned and leased expenses Owned and leased hotels expenses Reimbursed costs Costs incurred on behalf of managed and franchised properties (1) Excludes integration costs. (2) Transaction and integration costs are now presented within a new financial statement line item as described above, transaction and integration costs. Additionally, distribution and destination management revenues and expenses are not presented as the accounts under these previously-used financial statement line items are now included in the following: Distribution revenues —Represents revenues derived from the ALG Vacations business, which were previously recognized in distribution and destination management revenues, and commission fee revenues related to Mr & Mrs Smith, which were previously recognized in other fee revenues. Distribution expenses —Consists of expenses related to the ALG Vacations business, which were previously recognized in distribution and destination management expenses, and general and administrative expenses related to Mr & Mrs Smith, which were previously recognized in selling, general, and administrative expenses.

RECENTLY ISSUED ACCOUNTING PRON

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Summary of Significant Accounting Policies Our significant accounting policies are detailed in Part IV, Item 15, "Exhibits and Financial Statement Schedule—Note 2 to our Consolidated Financial Statements" within our 2023 Form 10-K. During the nine months ended September 30, 2024, we completed a restructuring of the entity that owns the Unlimited Vacation Club paid membership program business and sold 80% of the entity to an unrelated third party for $80 million. As a result of the transaction, we deconsolidated the entity as we no longer have a controlling financial interest, and we account for our remaining 20% ownership interest as an equity method investment in an unconsolidated hospitality venture (the "UVC Transaction"). For additional information about the UVC Transaction, see Note 4. Our accounting policies have been updated as follows: Variable Interest Entities —We determine at the inception of each arrangement whether an entity in which we have made an investment or in which we have other variable interests is considered a variable interest entity ("VIE"). We consolidate VIEs when we are the primary beneficiary. We are the primary beneficiary of a VIE when we have the power to direct activities that most significantly affect the economic performance of the VIE and have the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. If we are not the primary beneficiary of a VIE, we account for the investment or other variable interests in a VIE in accordance with the applicable GAAP. On a quarterly basis, we determine whether any changes in the interest or relationship with the entity impact the determination of whether we are still the primary beneficiary. 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 year ended December 31, 2023, we adopted the provisions of ASU 2020-04. We amended certain LIBOR-based contracts during both the nine months ended September 30, 2024 and the year ended December 31, 2023. ASU 2020-04 did not materially impact our condensed consolidated financial statements upon adoption. Future Adoption of Accounting Standards Disclosure Improvements —In October 2023, the FASB issued Accounting Standards Update No. 2023-06 ("ASU 2023-06"), Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative . ASU 2023-06 modifies the disclosure and presentation requirements for certain FASB Accounting Standards Codification topics to align with the regulations of the Securities and Exchange Commission ("SEC"). The effective date for each amendment will be the date on which the SEC's removal of that related disclosure from its regulations becomes effective, if the SEC removes the disclosure by June 30, 2027. The provisions of ASU 2023-06 are to be applied prospectively, with early adoption prohibited. We do not expect the adoption of ASU 2023-06 to have a material impact on our condensed consolidated financial statements and accompanying Notes. Segment Reporting —In November 2023, the FASB issued Accounting Standards Update No. 2023-07 ("ASU 2023-07"), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to evaluate segment performance. The provisions of ASU 2023-07 are effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, and require retrospective adoption for all prior periods presented. We are currently assessing the impact of adopting ASU 2023-07. Income Taxes —In December 2023, the FASB issued Accounting Standards Update No. 2023-09 ("ASU 2023-09"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires enhanced annual income tax disclosures, including (1) disaggregation of effective tax rate reconciliation categories, (2) additional information for reconciling items that meet a quantitative threshold, and (3) income taxes paid by jurisdiction. The provisions of ASU 2023-09 are effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and may be applied either prospectively or retrospectively for all prior periods presented. We are currently assessing the impact of adopting ASU 2023-09.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregated Revenues See Note 17 for our revenues disaggregated by the nature of the product or service. Contract Balances Contract assets, included in receivables, net on our condensed consolidated balance sheets, were insignificant at both September 30, 2024 and December 31, 2023. 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, 2024 December 31, 2023 Deferred revenue related to the loyalty program $ 1,303 $ 1,130 Deferred revenue related to distribution and destination management services 547 719 Deferred revenue related to co-branded credit card programs 61 49 Advanced deposits 55 57 Initial fees received from franchise owners 45 45 Deferred revenue related to insurance programs 16 75 Deferred revenue related to the paid membership program (1) — 1,204 Other deferred revenue 82 78 Total contract liabilities $ 2,109 $ 3,357 (1) The change from December 31, 2023 is due to balances written off to gains (losses) on sales of real estate and other on our condensed consolidated statements of income during the nine months ended September 30, 2024 as a result of the UVC Transaction (see Note 4). Revenue recognized during the three months ended September 30, 2024 and September 30, 2023 included in the contract liabilities balance at the beginning of each year was $190 million and $184 million, respectively. Revenue recognized during the nine months ended September 30, 2024 and September 30, 2023 included in the contract liabilities balance at the beginning of each year was $1,040 million and $1,058 million , respectively. This revenue primarily relates to distribution and destination management services and the loyalty 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 expected to be recognized in future periods was approximately $120 million at September 30, 2024, approximately 10% 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, 2024
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 $272 million and $211 million at September 30, 2024 and December 31, 2023, respectively. During the nine months ended September 30, 2024, we recognized $10 million of impairment charges, primarily related to one of our unconsolidated hospitality ventures in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income as the estimated fair value was less than the carrying value, and the impairment was deemed other than temporary. We estimated the fair value of our investment, which is classified as Level Three in the hierarchy, using an internally-developed cash flow model, which included assumptions and judgments regarding projected future cash flows, discount rate, and capitalization rate. Unconsolidated hospitality venture in India —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 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 ("IPO") of equity shares, subject to market conditions and regulatory approvals. On February 28, 2024, our unconsolidated hospitality venture completed its IPO on the BSE Limited and National Stock Exchange of India Limited stock exchanges and issued 50,000,000 equity shares. Both prior and subsequent to the IPO, we hold 86,251,192 equity shares in the entity. At September 30, 2024, the aggregate value of our equity shares was $376 million based on the price per share of the principal market. As a result of the IPO, our ownership interest in the unconsolidated hospitality venture was diluted from 50.0% to 38.8%. As we maintain the ability to significantly influence the operations of the entity, we recorded an increase to our equity method investment and recognized a $79 million non-cash pre-tax dilution gain in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income during the nine months ended September 30, 2024. UVC Transaction —During the nine months ended September 30, 2024, we completed the UVC Transaction and accounted for the sale of our controlling financial interest in the entity as a business disposition. We received $41 million of proceeds, net of $39 million of cash disposed; recorded a $20 million equity method investment representing the fair value of our retained investment in the entity; and recorded $86 million of guarantee liabilities as described below. The transaction resulted in a $231 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, 2024. We continue to manage the Unlimited Vacation Club business under a long-term management agreement and license and royalty agreement. The operating results of the Unlimited Vacation Club business prior to the UVC Transaction are reported within our distribution segment. The fair value of our retained investment in the entity was determined using a Black-Scholes-Merton option-pricing model of our common shares in the entity. The valuation methodology includes assumptions and judgments regarding volatility and discount rates, which are primarily Level Three assumptions. In conjunction with the transaction, we agreed to guarantee up to $70 million of our hospitality venture partner's investment upon the occurrence of certain events, and we recorded a $25 million guarantee liability at fair value in other long-term liabilities on our condensed consolidated balance sheet. The fair value was estimated using the with and without method, which includes projected cash flows based on contract terms. The valuation methodology includes assumptions and judgments regarding discount rates and length of time, which are primarily Level Three assumptions. Additionally, we agreed to indemnify the unconsolidated hospitality venture, the primary obligor to the foreign taxing authorities, for obligations the entity may incur as a result of uncertain tax positions. Following the transaction, we accounted for the indemnification as a guarantee. We derecognized the long-term income taxes payable related to the uncertain tax positions and recorded a $61 million guarantee liability at fair value in other long-term liabilities on our condensed consolidated balance sheet. The fair value of the indemnification was estimated using a probability-based weighting approach to determine the likelihood of payment of the tax liability, penalties, and interest related to the 2013 through 2018 tax years. The valuation methodology includes assumptions and judgments regarding probability weighting, discount rates, and expected timing of cash flows, which are primarily Level Three assumptions. At September 30, 2024, the indemnification for open tax years had a maximum exposure of $75 million. The entity that owns the Unlimited Vacation Club business is classified as a VIE in which we hold a variable interest but are not the primary beneficiary, and we account for our common ownership interest as an equity method investment. At September 30, 2024, we had $73 million recorded in other long-term liabilities (see Note 11) on our condensed consolidated balance sheet related to our guaranteed obligations of this unconsolidated VIE. At September 30, 2024, our maximum exposure to loss was $145 million, which includes the maximum exposure under the aforementioned guarantee and indemnification (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, 2024 December 31, 2023 Loyalty program (Note 9) $ 923 $ 807 Deferred compensation plans held in rabbi trusts (Note 9 and Note 11) 547 489 Captive insurance company (Note 9) 110 94 Total marketable securities held to fund operating programs $ 1,580 $ 1,390 Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments (334) (320) Marketable securities held to fund operating programs included in other assets $ 1,246 $ 1,070 At September 30, 2024 and December 31, 2023, marketable securities held to fund operating programs included: • $490 million and $330 million, respectively, of available-for-sale ("AFS") debt securities with contractual maturity dates ranging from 2024 through 2069. The amortized cost of our AFS debt securities approximates fair value; • $25 million, in both periods, of time deposits classified as HTM debt securities with a contractual maturity date in 2025. The amortized cost of our time deposits approximates fair value; • $17 million and $15 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, 2024 2023 2024 2023 Unrealized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ (5) $ (10) $ 19 $ 21 Revenues for reimbursed costs (2) (3) (4) 8 11 Other income (loss), net (Note 19) 6 (5) 7 — Other comprehensive income (loss) (Note 14) 15 — 9 — Realized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ 23 $ 1 $ 27 $ 5 Revenues for reimbursed costs (2) 11 1 13 3 Other income (loss), net (Note 19) — (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 general and administrative expenses and owned and leased expenses with no impact on net income. (2) Unrealized and realized gains and losses recognized in revenues for reimbursed costs related to investments held to fund rabbi trusts are offset by amounts recognized in reimbursed costs 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, 2024 December 31, 2023 Interest-bearing money market funds $ 314 $ 284 Common shares in Playa N.V. (Note 9) 94 105 Time deposits (1) 40 11 Total marketable securities held for investment purposes $ 448 $ 400 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (351) (294) Marketable securities held for investment purposes included in other assets $ 97 $ 106 (1) Time deposits have contractual maturities on various dates through 2026. 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, 2024 or September 30, 2023. 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, 2024 2023 2024 2023 Other income (loss), net (Note 19) $ (8) $ (11) $ (11) $ 9 Fair Value —We measure marketable securities at fair value on a recurring basis: September 30, 2024 Cash and cash equivalents Short-term investments Other assets Level One—Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 622 $ 622 $ — $ — Mutual funds and exchange-traded funds 553 — — 553 Common shares 105 — — 105 Level Two—Significant Other Observable Inputs Time deposits 65 24 13 28 U.S. government obligations 324 — 6 318 U.S. government agencies 24 — — 24 Corporate debt securities 274 — 20 254 Mortgage-backed securities 26 — — 26 Asset-backed securities 31 — — 31 Municipal and provincial notes and bonds 4 — — 4 Total $ 2,028 $ 646 $ 39 $ 1,343 December 31, 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 $ 599 $ 599 $ — $ — Mutual funds and exchange-traded funds 495 — — 495 Common shares 114 — — 114 Level Two—Significant Other Observable Inputs Time deposits 36 — 10 26 U.S. government obligations 250 — — 250 U.S. government agencies 37 — — 37 Corporate debt securities 212 — 5 207 Mortgage-backed securities 19 — — 19 Asset-backed securities 24 — — 24 Municipal and provincial notes and bonds 4 — — 4 Total $ 1,790 $ 599 $ 15 $ 1,176 During the nine months ended September 30, 2024 and September 30, 2023, 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, 2024 December 31, 2023 HTM debt securities (1) $ 279 $ 53 Less: allowance for credit losses (9) (13) Total HTM debt securities, net of allowances $ 270 $ 40 (1) At September 30, 2024, HTM debt securities included a $190 million preferred equity investment, net of a $36 million unamortized discount based on an imputed interest rate of 8.9% and a probability-weighted fair value adjustment related to our investment in the third-party entity that owns Hyatt Regency Orlando (see Note 7). The following table summarizes the activity in our HTM debt securities allowance for credit losses: 2024 2023 Allowance at January 1 $ 13 $ 31 Provisions (reversals), net (1) (2) 2 Write-offs (2) (3) Allowance at June 30 $ 9 $ 30 Reversals, net (1) — (17) Allowance at September 30 $ 9 $ 13 (1) Provisions for credit losses were partially or fully offset by interest income recognized in the same periods (see Note 19). We estimated the fair value of these HTM debt securities to be approximately $272 million and $41 million at September 30, 2024 and December 31, 2023, respectively. The fair values of our preferred equity investments, which are classified as Level Three in the fair value hierarchy, are estimated using probability-based discounted future 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 and probability weighting. 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 sheets. 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 $42 million and $39 million at September 30, 2024 and December 31, 2023, respectively. 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, 2024 2023 2024 2023 Other comprehensive income (loss) (Note 14) $ 2 $ 7 $ 3 $ 7 Equity Securities Without a Readily Determinable Fair Value —At September 30, 2024 and December 31, 2023, we held $17 million and $16 million, respectively, of investments in equity securities without a readily determinable fair value, which are recorded within other assets on our condensed consolidated balance sheets and represent investments in entities where we do not have the ability to significantly influence the operations of the entity.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET At September 30, 2024 and December 31, 2023, we had $1,634 million and $2,340 million, respectively, of net property and equipment recorded on our condensed consolidated balance sheets. During the three and nine months ended September 30, 2024, we identified changes in circumstances that indicated that the carrying values of certain assets may not be recoverable. We assessed the recoverability of the net book values and determined that the carrying values of certain assets were not fully recoverable. We then estimated the fair values of these assets, which are classified as Level Three in the hierarchy, using pending third-party offers or internally-developed cash flow models, which incorporated cash flow assumptions based on current economic trends, historical experience, and future growth projections. We determined that the carrying values of certain assets were in excess of the fair values, and we recognized $21 million and $5 million of impairment charges related to property and equipment and operating lease right-of-use assets, respectively. The impairment charges were recognized in asset impairments on our condensed consolidated statements of income during the three and nine months ended September 30, 2024 within our owned and leased segment.

RECEIVABLES

RECEIVABLES	9 Months Ended
	Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
RECEIVABLES	RECEIVABLES Receivables At September 30, 2024 and December 31, 2023, we had $960 million and $883 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: 2024 2023 Allowance at January 1 $ 50 $ 63 Write-offs (4) (4) Provisions (reversals), net 3 (4) Allowance at June 30 $ 49 $ 55 Provisions, net 5 — Write-offs (1) (1) Allowance at September 30 $ 53 $ 54 Financing Receivables September 30, 2024 December 31, 2023 Unsecured financing to hotel owners (1) $ 239 $ 137 Secured financing to hotel owners (2) 133 — Total financing receivables $ 372 $ 137 Less: current portion of financing receivables included in receivables, net (23) (22) Less: allowance for credit losses (3) (39) (42) Total long-term financing receivables, net of allowances $ 310 $ 73 (1) At September 30, 2024, unsecured financing included a $35 million loan, net of a $15 million unamortized discount based on an imputed interest rate of 9.5%, related to the seller financing issued in conjunction with the sale of an undeveloped land parcel (see Note 7). (2) Comprised of senior and junior secured mortgage loans collateralized by underlying hotel properties, including an $85 million loan purchased and a 41 million Swiss Francs ("CHF") loan issued in conjunction with the sale of Park Hyatt Zurich (see Note 7). (3) At September 30, 2024, there was no allowance for credit losses recorded for secured financing to hotel owners. Allowance for Credit Losses— The following table summarizes the activity in our unsecured financing receivables allowance for credit losses: 2024 2023 Allowance at January 1 $ 42 $ 44 Write-offs (3) (2) Foreign currency exchange, net (1) — Reversals, net — (2) Allowance at June 30 $ 38 $ 40 Provisions, net 1 — Allowance at September 30 $ 39 $ 40 Credit Monitoring— Our unsecured financing receivables were as follows: September 30, 2024 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 232 $ (37) $ 195 $ 22 Other financing arrangements 7 (2) 5 — Total unsecured financing receivables $ 239 $ (39) $ 200 $ 22 December 31, 2023 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 128 $ (39) $ 89 $ 22 Other financing arrangements 9 (3) 6 — Total unsecured financing receivables $ 137 $ (42) $ 95 $ 22 Fair Value— We estimated the fair value of financing receivables to be approximately $366 million and $133 million at September 30, 2024 and December 31, 2023, 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, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Acquisitions me and all hotels —During the nine months ended September 30, 2024, we acquired the me and all hotels brand name from an unrelated third party for approximately $28 million, inclusive of closing costs. Upon completion of the asset acquisition, we recorded an indefinite-lived brand intangible within intangibles, net on our condensed consolidated balance sheet (see Note 8). Mr & Mrs Smith —During the nine months ended September 30, 2023, we acquired 100% of the outstanding shares of Smith Global Limited, doing business as 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). 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 sheets at both September 30, 2024 and December 31, 2023 reflect 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 were 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 nine months ended September 30, 2024, the fair values of certain assets acquired and liabilities assumed were finalized, which resulted in insignificant measurement period adjustments. The following table summarizes the 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) 38 Indefinite-lived intangibles (2) 12 Customer relationships intangibles (3) 12 Other intangibles (4) 16 Total assets acquired $ 107 Accounts payable $ 1 Accrued expenses and other current liabilities 5 Current contract liabilities 19 Long-term contract liabilities 3 Other long-term liabilities 7 Total liabilities assumed $ 35 Total net assets acquired attributable to Hyatt Hotels Corporation $ 72 ( 1) The goodwill, which is recorded on the distribution segment, 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 transaction and integration costs on our condensed consolidated statements of income. 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. 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. 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 sheets at both September 30, 2024 and December 31, 2023 reflect 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 were 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 year ended December 31, 2023, the fair values of certain assets acquired and liabilities assumed were finalized. 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 December 31, 2023 include a $21 million decrease in intangibles, net with a corresponding increase to goodwill. The following table summarizes the fair value of the identifiable net assets acquired at the acquisition date: Receivables $ 1 Goodwill (1) 62 Indefinite-lived intangibles (2) 20 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 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 transaction and integration costs on our condensed consolidated statements of income. Dispositions Hyatt Regency Orlando —During the three months ended September 30, 2024, we sold Hyatt Regency Orlando and an adjacent undeveloped land parcel to an unrelated third party. We received $723 million of cash consideration, net of cash disposed, closing costs, and proration adjustments, and accounted for the transaction as an asset disposition. In conjunction with the sale, we received a $265 million preferred equity investment in the parent of the third-party entity that owns the property. Upon sale, we estimated the fair value of our preferred equity investment, which is redeemable at our option on various dates starting in 2030, to be approximately $188 million and recorded a HTM debt security within other assets on our condensed consolidated balance sheet (see Note 4). The fair value was estimated using a probability-based discounted future cash flow model and includes assumptions and judgments regarding the probability weighting, discount rates, and expected timing of payments, which are primarily Level Three assumptions. Additionally, we provided $50 million of seller financing with an initial maturity date of five years for the adjacent undeveloped land parcel. Upon sale, we estimated the fair value of the seller financing to be approximately $34 million and recorded an unsecured financing receivable on our condensed consolidated balance sheet (see Note 6). The fair value was estimated using a discounted future cash flow model and includes assumptions and judgments regarding the discount rate and expected timing of payments, which are primarily Level Three assumptions. Upon sale, we entered into a long-term management agreement for the property and a development agreement for the adjacent undeveloped land parcel. The sale resulted in a $514 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 three months ended September 30, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. Park Hyatt Zurich —During the nine months ended September 30, 2024, we sold Park Hyatt Zurich to an unrelated third party and accounted for the transaction as an asset disposition. We received proceeds of CHF 220 million (approximately $244 million), net of closing costs and proration adjustments, and issued a CHF 41 million (approximately $45 million) secured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $257 million pre-tax gain, including the reclassification of $6 million of currency translation gains from accumulated other comprehensive loss (see Note 14), 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, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. Hyatt Regency San Antonio Riverwalk —During the nine months ended September 30, 2024, we sold Hyatt Regency San Antonio Riverwalk to an unrelated third party for $226 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 $100 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, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. Hyatt Regency Green Bay —During the nine months ended September 30, 2024, we sold Hyatt Regency Green Bay to an unrelated third party for $3 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 franchise agreement for the property. The sale resulted in a $4 million pre-tax loss, 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, 2024. The operating results and financial position of this hotel prior to the sale remain within our owned and leased segment. Hyatt Regency Aruba Resort Spa and Casino —During the nine months ended September 30, 2024, we sold the shares of the entities that own Hyatt Regency Aruba Resort Spa and Casino to an unrelated third party and accounted for the transaction as an asset disposition. We received $173 million of proceeds, net of cash disposed, closing costs, and proration adjustments, and issued a $41 million unsecured financing receivable with an initial maturity date of five years (see Note 6). Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $172 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, 2024. In connection with the disposition, we recognized a $15 million goodwill impairment charge in asset impairments on our condensed consolidated statements of income during the nine months ended September 30, 2024. 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 and financial position of this hotel prior to the sale remain within our owned and leased segment. At December 31, 2023, we classified the assets and liabilities as held for sale on our condensed consolidated balance sheet. Destination Residential Management —During the three months ended September 30, 2023, we sold our interests in the entities that 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. Upon sale, we recorded a $28 million contingent consideration receivable at fair value in other assets on our condensed consolidated balance sheet. 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 did not recognize any changes related to the carrying value of the contingent consideration receivable on our condensed consolidated statements of income during the three and nine months ended September 30, 2024 and September 30, 2023. 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 management and franchising segment.

INTANGIBLES, NET

INTANGIBLES, NET	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLES, NET	INTANGIBLES, NET September 30, 2024 Weighted- average useful lives in years Gross carrying value Accumulated amortization Net carrying value Management and hotel services agreement and franchise agreement intangibles 15 $ 889 $ (296) $ 593 Brand and other indefinite-lived intangibles — 638 — 638 Customer relationships intangibles 10 411 (141) 270 Other intangibles 11 33 (8) 25 Total $ 1,971 $ (445) $ 1,526 December 31, 2023 Gross carrying value Accumulated amortization Net carrying value Management and hotel services agreement and franchise agreement intangibles $ 906 $ (248) $ 658 Brand and other indefinite-lived intangibles 608 — 608 Customer relationships intangibles 620 (243) 377 Other intangibles 33 (6) 27 Total $ 2,167 $ (497) $ 1,670 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Amortization expense $ 31 $ 44 $ 98 $ 133 During the three and nine months ended September 30, 2024, we recognized $9 million and $11 million, respectively, of impairment charges, and during the three and nine months ended September 30, 2023, we recognized $5 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 management and franchising segment.

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS September 30, 2024 December 31, 2023 Management and hotel services agreement and franchise agreement assets constituting payments to customers (1) $ 962 $ 896 Marketable securities held to fund the loyalty program (Note 4) 622 495 Marketable securities held to fund rabbi trusts (Note 4) 547 489 Long-term investments (Note 4) 332 96 Common shares in Playa N.V. (Note 4) 94 105 Marketable securities held for captive insurance company (Note 4) 77 86 Deferred costs related to the paid membership program — 194 Other 119 116 Total other assets $ 2,753 $ 2,477 (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, 2024
Debt Disclosure [Abstract]
DEBT	DEBT At September 30, 2024 and December 31, 2023, we had $3,142 million and $3,056 million, respectively, of total debt, which included $455 million and $751 million, respectively, recorded in current maturities of long-term debt on our condensed consolidated balance sheets. Senior Notes Issuances —During the nine months ended September 30, 2024, we issued $450 million of 5.250% senior notes due 2029 (the "2029 Notes") at an issue price of 99.496% and $350 million of 5.500% senior notes due 2034 (the "2034 Notes") at an issue price of 98.860%. We received approximately $786 million of net proceeds from the sale, after deducting $14 million of underwriting discounts and other offering expenses. We used the net proceeds from the senior notes issuance to repay the outstanding balance on the $750 million of 1.800% senior notes due 2024 (the "2024 Notes"), as described below. Interest is payable semi-annually on June 30 and December 30 of each year. 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. We used the net proceeds from the senior notes issuance, 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. Senior Notes Repayments and Repurchases —During the three months ended September 30, 2024, we repaid the 2024 Notes, of which there was $746 million outstanding, at maturity for approximately $753 million, inclusive of $7 million of accrued interest. 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. Term Loan —During the nine months ended September 30, 2024, we entered into a credit agreement with Bank of America to correspond with the total amount of the secured financing receivable we issued to the buyer in conjunction with the sale of Park Hyatt Zurich (see Note 7) for a CHF 41 million (approximately $48 million outstanding at September 30, 2024) variable rate term loan, which matures in 2029. Revolving Credit Facility —During both the nine months ended September 30, 2024 and September 30, 2023, we had no borrowings or repayments on our revolving credit facility. At both September 30, 2024 and December 31, 2023, we had no balance outstanding. At September 30, 2024, we had $1,497 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. • $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 5.250% senior notes due 2029 • $450 million of 5.750% senior notes due 2030 • $350 million of 5.500% senior notes due 2034 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 will result in different estimates of fair value. September 30, 2024 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) $ 3,160 $ 3,218 $ — $ 3,145 $ 73 (1) Excludes $5 million of finance lease obligations and $23 million of unamortized discounts and deferred financing fees. December 31, 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 (2) $ 3,063 $ 3,062 $ — $ 3,032 $ 30 (2) Includes the 2024 Notes and excludes $6 million of finance lease obligations and $13 million of unamortized discounts and deferred financing fees.

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES	9 Months Ended
	Sep. 30, 2024
Other Liabilities [Abstract]
OTHER LONG-TERM LIABILITIES	OTHER LONG-TERM LIABILITIES September 30, 2024 December 31, 2023 Deferred compensation plans funded by rabbi trusts (Note 4) $ 547 $ 489 Income taxes payable 402 407 Guarantee liabilities (Note 13) 238 142 Contingent consideration liability (Note 13) 95 115 Self-insurance liabilities (Note 13) 82 73 Deferred income taxes (Note 12) 48 66 Other 68 59 Total other long-term liabilities $ 1,480 $ 1,351

TAXES

TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
TAXES	TAXES Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Provision for income taxes $ 137 $ 33 $ 259 $ 107 The increase in the provision for income taxes during the three months ended September 30, 2024, compared to the three months ended September 30, 2023, was primarily driven by the sale of Hyatt Regency Orlando and an adjacent undeveloped land parcel. The increase in the provision for income taxes during the nine months ended September 30, 2024, compared to the nine months ended September 30, 2023, was primarily driven by the aforementioned sale as well as the earnings impact from the sales of Hyatt Regency Aruba Resort Spa and Casino, Park Hyatt Zurich, and Hyatt Regency San Antonio Riverwalk as well as the UVC Transaction. This was offset by a non-cash tax benefit as a result of the release of a valuation allowance on certain foreign deferred tax assets in 2024. 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 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 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 related to tax years that preceded 2009. The Tax Court entered its decision on September 13, 2024. 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 $2 million. If the Company were to appeal and the Tax Court's opinion is upheld on appeal, the estimated income tax payment due for the subsequent years 2012 through 2024 is $269 million, including $42 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, 2024 and December 31, 2023, total unrecognized tax benefits recorded in other long-term liabilities on our condensed consolidated balance sheets were $318 million and $301 million, respectively, of which $105 million and $120 million, respectively, would impact the effective tax rate, if recognized. While it is reasonably possible that the amount of uncertain tax benefits associated with the U.S. treatment of the loyalty program could significantly change within the next 12 months, at this time, we are not able to estimate the range by which the reasonably possible outcomes of the pending litigation could impact our uncertain benefits within the next 12 months. Through a prior acquisition, we assumed an assessment of additional corporate income tax from the Mexican tax authorities, which was in the process of being appealed, primarily related to disallowed deductions taken on historical tax returns. During the nine months ended September 30, 2024 , our request for appeal to a higher court for one of the tax years was denied, and the assessment was finalized. At September 30, 2024, we had a $18 million tax liability recorded in other long-term liabilities on our condensed consolidated balance sheet in connection with this matter . Our filing position for the additional tax years and matters assessed is more likely than not to be sustained. As the tax benefit that is more than 50% likely of being realized upon settlement is zero, we recorded a $14 million uncertain tax liability in other long-term liabilities on our condensed consolidated balance sheet at September 30, 2024. Further, the Mexican tax authorities disallowed credits taken on historical tax returns and applied value added taxes to certain transactions. In accordance with A ccounting Standards Codification 450, Contingencies , we have not recorded a liability associated with the additional value added tax as we do not believe a loss is probable. At September 30, 2024, our maximum exposure is not expected to exceed $12 million .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
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, 2024, we are committed, under certain conditions, to lend, provide certain consideration to, or invest in various business ventures up to $564 million, net of any related letters of credit. Performance Guarantees —Certain of our contractual agreements with third-party owners require us to guarantee payments to the owners if specified levels of operating profit are not achieved by their hotels. Except as described below, at September 30, 2024, our performance guarantees had $133 million of remaining maximum exposure and expire between 2024 and 2042. Through acquisitions, we acquired certain management and hotel services agreements with performance guarantees based on annual performance levels and with expiration dates between 2027 and 2045. Contract terms within certain management and hotel services agreements limit our exposure, and therefore, we are unable to reasonably estimate our maximum potential future payments. At September 30, 2024 and December 31, 2023, we had $104 million and $99 million, respectively, of total performance guarantee liabilities, which included $96 million and $91 million, respectively, recorded in other long-term liabilities. At both September 30, 2024 and December 31, 2023, we had $8 million recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets. Additionally, we enter into certain management and hotel services agreements 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 contract. At September 30, 2024 and December 31, 2023, we had $5 million and an insignificant amount, respectively, 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, 2024 Other long-term liabilities recorded at December 31, 2023 Year of guarantee expiration (2) United States (3), (4) $ 160 $ 40 $ 55 $ 30 various, through 2030 All foreign (3) 57 34 15 21 various, through 2034 Total $ 217 $ 74 $ 70 $ 51 (1) Our maximum exposure is generally based on a specified percentage of the total principal due upon borrower default. (2) Certain underlying debt agreements have extension periods which are not reflected in the year of guarantee expiration. (3) 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. (4) Certain agreements give us the ability to assume control of the property if defined funding thresholds are met or if certain events occur. At September 30, 2024, we are not aware, nor have we received any notification, that our third-party owners, franchisees, or unconsolidated hospitality ventures are not current on their debt service obligations where we have provided a debt repayment guarantee. Other Guarantees —We may be obligated to fund up to $145 million related to certain guarantees as a result of the UVC Transaction (see Note 4). At September 30, 2024, we had $72 million of guarantee liabilities recorded in other long-term liabilities on our condensed consolidated balance sheet associated with these guarantees. Guarantee Liabilities Fair Value —We estimated the fair value of our guarantees to be $253 million and $148 million at September 30, 2024 and December 31, 2023, 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 our acquisition of Dream Hotel Group (see Note 7). At September 30, 2024, 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. The following table summarizes the change in fair value recognized in other income (loss), net on our condensed consolidated statements of income: 2024 2023 Fair value at January 1 $ 115 $ — Fair value as of acquisition date (Note 7) — 107 Change in fair value (Note 19) (11) (1) Fair value at June 30 $ 104 $ 106 Change in fair value (Note 19) (9) 2 Payments — (1) Fair value at September 30 (Note 11) $ 95 $ 107 Insurance —We obtain insurance for potential losses from general liability, property, automobile, aviation, environmental, workers' compensation, employment practices, crime, cyber, and other miscellaneous risks. A portion of these risks 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 $45 million and $41 million at September 30, 2024 and December 31, 2023, 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 $82 million and $73 million at September 30, 2024 and December 31, 2023, respectively, and are recorded in other long-term liabilities on our condensed consolidated balance sheets (see Note 11). Collective Bargaining Agreements —At September 30, 2024, 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 $268 million at September 30, 2024 and primarily relate to our insurance programs, litigation, customer deposits associated with ALG Vacations, taxes, licenses, liens, and utilities for our lodging operations. Letters of Credit —Letters of credit outstanding on our behalf at September 30, 2024 were $104 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. Of the letters of credit outstanding, $3 million reduces the available capacity under our revolving credit facility (see Note 10). 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 to various claims and contingencies arising in the normal course of business, which are primarily related to lawsuits and taxes (see Note 12), as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. We record a liability when the loss is probable and reasonably estimable and if the loss is recoverable, we record a receivable when the realization of the claim is probable. 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, 2024, our maximum exposure is not expected to exceed $19 million.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
EQUITY	EQUITY Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, net of 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, 2024 Foreign currency translation adjustments $ (209) $ 29 $ — $ (180) AFS debt securities unrealized fair value adjustments — 13 — 13 Pension liabilities adjustments (2) — — (2) Derivative instrument adjustments (1) (22) — 1 (21) Accumulated other comprehensive loss $ (233) $ 42 $ 1 $ (190) (1) 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, 2024 Foreign currency translation adjustments (2) $ (156) $ (21) $ (3) $ (180) AFS debt securities unrealized fair value adjustments 4 9 — 13 Pension liabilities adjustment (3) — — (2) (2) Derivative instrument adjustments (4) (23) (1) 3 (21) Accumulated other comprehensive loss $ (175) $ (13) $ (2) $ (190) (2) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the dilution of our ownership interest in an unconsolidated hospitality venture in India (see Note 4) and realized gains recognized in gains (losses) on sales of real estate and other related to the sale of Park Hyatt Zurich (see Note 7). (3) The amount reclassified from accumulated other comprehensive loss primarily included realized gains recognized in gains (losses) on sales of real estate and other related to the UVC Transaction (see Note 4) and the sale of Park Hyatt Zurich (see Note 7). (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 $5 million of losses, net of insignificant tax impacts, 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 $ (168) $ (26) $ — $ (194) AFS debt securities unrealized fair value adjustments (5) (11) 2 3 (6) Derivative instrument adjustments (6) (27) 1 2 (24) Accumulated other comprehensive loss $ (206) $ (23) $ 5 $ (224) (5) 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 19). (6) 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 $ (202) $ 8 $ — $ (194) AFS debt securities unrealized fair value adjustments (7) (11) 2 3 (6) Derivative instrument adjustments (8) (29) 1 4 (24) Accumulated other comprehensive loss $ (242) $ 11 $ 7 $ (224) (7) 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 19). (8) 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, May 10, 2023, and May 8, 2024, our board of directors authorized repurchases of up to $750 million, $1,055 million, and $1,000 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, 2024, we had $982 million remaining under the total share repurchase authorization. During the nine months ended September 30, 2024, we repurchased 7,923,062 shares of Class A and Class B common stock. The shares of common stock were repurchased at a weighted-average price of $148.81 per share for an aggregate purchase price of $1,179 million, excluding insignificant related expenses. The shares of Class A common stock repurchased in the open market were retired and returned to the status of authorized and unissued shares, while the shares of Class B common stock repurchased were retired and the total number of authorized Class B shares was reduced by the number of shares retired (see Note 16). 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, but settled during the nine months ended September 30, 2023. Dividend —The following tables summarize dividends declared to Class A and Class B stockholders of record: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Class A common stock $ 6 $ 7 $ 20 $ 14 Class B common stock 9 9 26 18 Total cash dividends declared $ 15 $ 16 $ 46 $ 32 Date declared Dividend per share amount for Class A and Class B Date of record Date paid February 14, 2024 $ 0.15 February 28, 2024 March 12, 2024 May 9, 2024 $ 0.15 May 29, 2024 June 11, 2024 August 6, 2024 $ 0.15 August 27, 2024 September 10, 2024

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2024
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 owners and are recognized in revenues for reimbursed costs and reimbursed costs 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 expenses on our condensed consolidated statements of income. Stock-based compensation expense recognized in general and administrative expenses, distribution expenses, and transaction and integration costs on our condensed consolidated statements of income related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 SARs $ 1 $ 1 $ 14 $ 12 RSUs 6 7 28 32 PSUs 2 4 13 16 Total $ 9 $ 12 $ 55 $ 60 SARs —During the nine months ended September 30, 2024, we granted 223,410 SARs to employees with a weighted-average grant date fair value of $68.77. 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. RSUs —During the nine months ended September 30, 2024, we granted 301,104 RSUs to employees and non-employee directors with a weighted-average grant date fair value of $156.34. 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. PSUs —During the nine months ended September 30, 2024, we granted 64,776 PSUs to employees with a weighted-average grant date fair value of $164.99. 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. Our total unearned compensation for our stock-based compensation programs at September 30, 2024 was $3 million for SARs, $36 million for RSUs, and $18 million for PSUs, which will be recognized in general and administrative expenses, distribution expenses, and transaction and integration costs over a weighted-average period of two years with respect to SARs and PSUs and three years with respect to RSUs. On May 15, 2024, our stockholders approved the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan (the "2024 LTIP") subsequent to the adoption of such amended plan by our board of directors. The 2024 LTIP (i) increased the share limit by 5,650,000 shares, (ii) was updated to reflect market practices with respect to broker-assisted sales and data privacy, and (iii) extended the term of the 2024 LTIP by 10 years until the 10th anniversary of May 15, 2024, the date on which the 2024 LTIP was approved by our stockholders.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
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 2024 and 2023 is the brother-in-law of our Executive Chairman. During the three and nine months ended September 30, 2024, we incurred $5 million and $16 million, respectively, of legal fees with this firm. During the three and nine months ended September 30, 2023, we incurred $3 million and $10 million, respectively, of legal fees with this firm. At September 30, 2024 and December 31, 2023, we had $7 million and $2 million, respectively, due to the law firm. Equity Method Investments —We have equity method investments in entities that own, operate, manage, or franchise properties or other hospitality-related businesses, including the Unlimited Vacation Club paid membership program, for which we receive management, franchise, license, or royalty fees. We recognized $22 million and $5 million of fee revenues during the three months ended September 30, 2024 and September 30, 2023, respectively. During the nine months ended September 30, 2024 and September 30, 2023, we recognized $61 million and $17 million, respectively, of fee revenues. In addition, in some cases we provide loans (see Note 6) or guarantees (see Note 4 and Note 13) to these entities. During the three months ended September 30, 2024 and September 30, 2023, we recognized an insignificant amount and $1 million, respectively, of income related to these guarantees. During the nine months ended September 30, 2024 and September 30, 2023, we recognized $1 million and $4 million, respectively, of income related to these guarantees. At September 30, 2024 and December 31, 2023, we had $92 million and $43 million, respectively, of net receivables due from these entities, inclusive of $42 million and $21 million, respectively, classified as financing receivables on our condensed consolidated balance sheets. Our ownership interest in these unconsolidated hospitality ventures varies from 20% to 50%. In addition to the aforementioned fees, we provide services related to sales and revenue management, marketing, global property and guest services (including reservation and customer support), digital and technology, and digital media (collectively, "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 owners and franchisees and are recognized in revenues for reimbursed costs and reimbursed costs on our condensed consolidated statements of income. Class B Share Conversion —During the nine months ended September 30, 2024, 1,379,064 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. Class B Share Repurchase —During the nine months ended September 30, 2024, we repurchased 3,629,480 shares of Class B common stock at a weighted-average price of $154.66 per share, for an aggregate purchase price of approximately $561 million. The shares of Class B common stock were repurchased in privately negotiated transactions from a limited liability company owned directly and indirectly by trusts for the benefit of certain Pritzker family members, a private foundation affiliated with certain Pritzker family members, and a charitable trust affiliated with certain Pritzker family members, and were retired, thereby reducing the shares of Class B common stock authorized and outstanding by the repurchased share amount.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2024
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 CODM to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. We define our reportable segments as follows: • Management and franchising —This segment derives its earnings primarily from the provision of management, franchising, and hotel services, or the licensing of our intellectual property to, (i) our property portfolio, (ii) our co-branded credit card programs, and (iii) other hospitality-related businesses, including the Unlimited Vacation Club following the UVC Transaction. This segment also includes revenues for reimbursed costs primarily related to payroll at managed properties where we are the employer, as well as costs associated with 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 our owned and leased hotels and commission fees earned from certain ALG Vacations bookings, both of which are eliminated in consolidation. • Owned and leased —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 management fee expenses paid to our management and franchising segment, 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. • Distribution —This segment derives its earnings from distribution and destination management services offered through ALG Vacations and the boutique and luxury global travel platform offered through Mr & Mrs Smith. Prior to the UVC Transaction, this segment also included earnings from a paid membership program offering benefits exclusively at certain all-inclusive resorts in Mexico, the Caribbean, and Central America. Adjusted EBITDA includes intercompany commission fee expenses paid to our management and franchising segment, which are eliminated in consolidation. Within overhead, we include unallocated corporate expenses. During the nine months ended September 30, 2024, we revised our definition of Adjusted EBITDA to exclude transaction and integration costs (see Note 1), and we recast prior-period results to provide comparability. The revised definition excludes transaction costs previously recognized in general and administrative expenses and integration costs. Previously, only transaction costs recognized in gains (losses) on sales of real estate and other and other income (loss), net were excluded from Adjusted EBITDA. As these costs may vary in frequency or magnitude, we believe the revised definition presents a more representative measure of our core operations, assists in the comparability of results, and provides information consistent with how our management evaluates operating performance. Our CODM evaluates performance based on gross fee revenues; owned and leased revenues; distribution revenues; other revenues; and Adjusted EBITDA. Our CODM does not evaluate our operating segments using discrete asset information. 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 hotel services agreement and franchise agreement assets and performance cure payments, which constitute payments to customers ("Contra revenue"); revenues for reimbursed costs; reimbursed costs that we intend to recover over the long term; transaction and integration costs; 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. Summarized consolidated financial information by segment was as follows: Three Months Ended September 30, 2024 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 105 $ — $ — $ — $ (8) $ 97 Incentive management fees 53 — — — (1) 52 Franchise and other fees 121 — — — (2) 119 Gross fees 279 — — — (11) 268 Contra revenue (27) — — — — (27) Net fees 252 — — — (11) 241 Rooms and packages — 201 — — (3) 198 Food and beverage — 58 — — — 58 Other — 31 — — — 31 Owned and leased — 290 — — (3) 287 Distribution — — 221 — — 221 Other revenues 12 — — — 1 13 Revenues for reimbursed costs 867 — — — — 867 Total revenues $ 1,131 $ 290 $ 221 $ — $ (13) $ 1,629 Intersegment revenues (1) $ 10 $ 3 $ — $ — $ — $ 13 Adjusted EBITDA $ 210 $ 63 $ 38 $ (36) $ — $ 275 Depreciation and amortization $ 19 $ 37 $ 17 $ 8 $ — $ 81 (1) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. Nine Months Ended September 30, 2024 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 321 $ — $ — $ — $ (26) $ 295 Incentive management fees 178 — — — (8) 170 Franchise and other fees 345 — — — (5) 340 Gross fees 844 — — — (39) 805 Contra revenue (56) — — — — (56) Net fees 788 — — — (39) 749 Rooms and packages — 598 — — (17) 581 Food and beverage — 222 — — — 222 Other — 107 — — — 107 Owned and leased — 927 — — (17) 910 Distribution — — 818 — — 818 Other revenues 31 — 26 — 1 58 Revenues for reimbursed costs 2,511 — — — — 2,511 Total revenues $ 3,330 $ 927 $ 844 $ — $ (55) $ 5,046 Intersegment revenues (2) $ 38 $ 17 $ — $ — $ — $ 55 Adjusted EBITDA $ 635 $ 204 $ 120 $ (119) $ 1 $ 841 Depreciation and amortization $ 57 $ 121 $ 56 $ 23 $ — $ 257 (2) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. Three Months Ended September 30, 2023 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 104 $ — $ — $ — $ (10) $ 94 Incentive management fees 54 — — — (3) 51 Franchise and other fees 100 — — — (2) 98 Gross fees 258 — — — (15) 243 Contra revenue (12) — — — — (12) Net fees 246 — — — (15) 231 Rooms and packages — 225 — — (8) 217 Food and beverage — 73 — — — 73 Other — 39 — — — 39 Owned and leased — 337 — — (8) 329 Distribution — — 229 — — 229 Other revenues 28 — 50 — 1 79 Revenues for reimbursed costs 754 — — — — 754 Total revenues $ 1,028 $ 337 $ 279 $ — $ (22) $ 1,622 Intersegment revenues (3) $ 14 $ 8 $ — $ — $ — $ 22 Adjusted EBITDA $ 192 $ 72 $ 31 $ (42) $ — $ 253 Depreciation and amortization $ 19 $ 45 $ 29 $ 7 $ — $ 100 (3) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. Nine Months Ended September 30, 2023 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 310 $ — $ — $ — $ (29) $ 281 Incentive management fees 179 — — — (12) 167 Franchise and other fees 278 — — — (6) 272 Gross fees 767 — — — (47) 720 Contra revenue (34) — — — — (34) Net fees 733 — — — (47) 686 Rooms and packages — 647 — — (23) 624 Food and beverage — 242 — — — 242 Other — 118 — — — 118 Owned and leased — 1,007 — — (23) 984 Distribution — — 832 — — 832 Other revenues 103 — 134 — 1 238 Revenues for reimbursed costs 2,267 — — — — 2,267 Total revenues $ 3,103 $ 1,007 $ 966 $ — $ (69) $ 5,007 Intersegment revenues (4) $ 46 $ 23 $ — $ — $ — $ 69 Adjusted EBITDA $ 577 $ 230 $ 123 $ (125) $ 1 $ 806 Depreciation and amortization $ 58 $ 136 $ 84 $ 19 $ — $ 297 (4) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. The table below provides a reconciliation of net income attributable to Hyatt Hotels Corporation to consolidated Adjusted EBITDA: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to Hyatt Hotels Corporation $ 471 $ 68 $ 1,352 $ 194 Interest expense 50 41 128 105 Provision for income taxes 137 33 259 107 Depreciation and amortization 81 100 257 297 Contra revenue 27 12 56 34 Revenues for reimbursed costs (867) (754) (2,511) (2,267) Reimbursed costs 881 764 2,570 2,302 Transaction and integration costs 8 8 26 31 Equity (earnings) losses from unconsolidated hospitality ventures 13 (7) (32) (4) Stock-based compensation expense (Note 15) (1) 9 12 55 60 (Gains) losses on sales of real estate and other (514) (18) (1,267) (18) Asset impairments 35 6 52 13 Other (income) loss, net (70) (26) (152) (93) Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA 14 14 48 45 Adjusted EBITDA $ 275 $ 253 $ 841 $ 806 (1) Includes amounts recognized in general and administrative expenses and distribution expenses.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The calculation of basic and diluted earnings per Class A and Class B share, including a reconciliation of the numerator and denominator, is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Net income $ 471 $ 68 $ 1,352 $ 194 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 471 $ 68 $ 1,352 $ 194 Denominator: Basic weighted-average shares outstanding 99,149,433 104,335,826 101,006,064 105,411,846 Stock-based compensation 2,536,249 2,523,931 2,632,497 2,461,795 Diluted weighted-average shares outstanding 101,685,682 106,859,757 103,638,561 107,873,641 Basic Earnings Per Class A and Class B Share: Net income $ 4.75 $ 0.65 $ 13.38 $ 1.84 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 4.75 $ 0.65 $ 13.38 $ 1.84 Diluted Earnings Per Class A and Class B Share: Net income $ 4.63 $ 0.63 $ 13.04 $ 1.80 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 4.63 $ 0.63 $ 13.04 $ 1.80 The computations of diluted earnings per Class A and Class B share for the three and nine months ended September 30, 2024 and September 30, 2023 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, 2024 2023 2024 2023 SARs 200 24,100 100 54,900 RSUs 300 100 1,000 1,900

OTHER INCOME (LOSS), NET

OTHER INCOME (LOSS), NET	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
OTHER INCOME (LOSS), NET	OTHER INCOME (LOSS), NET Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Interest income $ 39 $ 24 $ 85 $ 56 Foreign currency exchange, net 18 (6) 18 (7) Guarantee amortization income (Note 13) 13 5 36 12 Contingent consideration liability fair value adjustment (Note 13) 9 (2) 20 (1) Depreciation recovery 6 6 18 15 Credit loss reversals (provisions), net (Note 4 and Note 6) (1) 17 1 17 Unrealized gains (losses), net (Note 4) (2) (16) (4) 9 Guarantee expense (Note 13) (4) (4) (10) (16) Other, net (8) 2 (12) 8 Other income (loss), net $ 70 $ 26 $ 152 $ 93

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENT On August 20, 2024, we agreed to acquire 100% of the issued and outstanding equity interests of certain entities collectively doing business as Standard International for $150 million of base consideration, subject to customary adjustments related to working capital, cash, and indebtedness, and up to an additional $185 million of contingent consideration. We closed on the transaction on October 1, 2024 and paid cash of approximately $151 million. The acquisition of Standard International's brands, asset-light portfolio, and development pipeline will enhance our lifestyle offering. Given that the transaction recently closed, the preliminary purchase price allocation is in process and is incomplete as of this filing date.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 471	$ 68	$ 1,352	$ 194

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2024 shares	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Joan Bottarini [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		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 16, 2024 X 25,000 August 29, 2025 (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).
Name	Joan Bottarini
Title	Executive Vice President, Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 16, 2024
Expiration Date	August 29, 2025
Arrangement Duration	347 days
Aggregate Available	25,000	25,000

RECENTLY ISSUED ACCOUNTING PR_2

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2024
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.
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.
Transaction and Integration Costs	Transaction and Integration Costs —During the nine months ended September 30, 2024, we presented a new financial statement line item to provide enhanced visibility on our condensed consolidated statements of income and reclassified prior-period results for comparability. Transaction and integration costs include the following: • integration costs, which were previously recognized in integration costs and include expenses incurred related to the integration of recently acquired businesses, including certain compensation expenses, professional fees, sales and marketing expenses, and technology expenses; • transaction costs for potential transactions, primarily related to professional fees incurred for acquisitions and dispositions, which were previously recognized in general and administrative expenses; and • transaction costs for completed transactions, primarily related to professional fees incurred for acquisitions, which were previously recognized in other income (loss), net. Transaction costs for completed dispositions continue to be recognized in gains (losses) on sales of real estate and other.
Segment Realignment	Segment Realignment —During the nine months ended September 30, 2024, we realigned our reportable segments to align with our business strategy, the organizational changes for certain members of our leadership team, and the manner in which our chief operating decision maker ("CODM") assesses performance and makes decisions regarding the allocation of resources. The segment realignment had no impact on our condensed consolidated financial position or results of operations. Prior-period segment results have been recast to reflect our new reportable segments. See Note 17 for a summary of our revised reportable segments and summarized consolidated financial information by segment. In conjunction with the segment realignment, certain financial statement line item descriptions were revised within our condensed consolidated statements of income. With the exception of the new transaction and integration costs financial statement line item described above, the composition of the accounts within these financial statement line items remains unchanged. The changes include: New financial statement line item Previously-used financial statement line item Owned and leased revenues Owned and leased hotels revenues Franchise and other fee revenues Franchise, license, and other fee revenues Revenues for reimbursed costs Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties General and administrative expenses (1), (2) Selling, general, and administrative expenses Integration costs (2) Selling, general, and administrative expenses Owned and leased expenses Owned and leased hotels expenses Reimbursed costs Costs incurred on behalf of managed and franchised properties (1) Excludes integration costs. (2) Transaction and integration costs are now presented within a new financial statement line item as described above, transaction and integration costs. Additionally, distribution and destination management revenues and expenses are not presented as the accounts under these previously-used financial statement line items are now included in the following: Distribution revenues —Represents revenues derived from the ALG Vacations business, which were previously recognized in distribution and destination management revenues, and commission fee revenues related to Mr & Mrs Smith, which were previously recognized in other fee revenues. Distribution expenses —Consists of expenses related to the ALG Vacations business, which were previously recognized in distribution and destination management expenses, and general and administrative expenses related to Mr & Mrs Smith, which were previously recognized in selling, general, and administrative expenses. Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. We define our reportable segments as follows: • Management and franchising —This segment derives its earnings primarily from the provision of management, franchising, and hotel services, or the licensing of our intellectual property to, (i) our property portfolio, (ii) our co-branded credit card programs, and (iii) other hospitality-related businesses, including the Unlimited Vacation Club following the UVC Transaction. This segment also includes revenues for reimbursed costs primarily related to payroll at managed properties where we are the employer, as well as costs associated with 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 our owned and leased hotels and commission fees earned from certain ALG Vacations bookings, both of which are eliminated in consolidation. • Owned and leased —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 management fee expenses paid to our management and franchising segment, 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. • Distribution —This segment derives its earnings from distribution and destination management services offered through ALG Vacations and the boutique and luxury global travel platform offered through Mr & Mrs Smith. Prior to the UVC Transaction, this segment also included earnings from a paid membership program offering benefits exclusively at certain all-inclusive resorts in Mexico, the Caribbean, and Central America. Adjusted EBITDA includes intercompany commission fee expenses paid to our management and franchising segment, which are eliminated in consolidation. Within overhead, we include unallocated corporate expenses. During the nine months ended September 30, 2024, we revised our definition of Adjusted EBITDA to exclude transaction and integration costs (see Note 1), and we recast prior-period results to provide comparability. The revised definition excludes transaction costs previously recognized in general and administrative expenses and integration costs. Previously, only transaction costs recognized in gains (losses) on sales of real estate and other and other income (loss), net were excluded from Adjusted EBITDA. As these costs may vary in frequency or magnitude, we believe the revised definition presents a more representative measure of our core operations, assists in the comparability of results, and provides information consistent with how our management evaluates operating performance. Our CODM evaluates performance based on gross fee revenues; owned and leased revenues; distribution revenues; other revenues; and Adjusted EBITDA. Our CODM does not evaluate our operating segments using discrete asset information. 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 hotel services agreement and franchise agreement assets and performance cure payments, which constitute payments to customers ("Contra revenue"); revenues for reimbursed costs; reimbursed costs that we intend to recover over the long term; transaction and integration costs; 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. Summarized consolidated financial information by segment was as follows: Three Months Ended September 30, 2024 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 105 $ — $ — $ — $ (8) $ 97 Incentive management fees 53 — — — (1) 52 Franchise and other fees 121 — — — (2) 119 Gross fees 279 — — — (11) 268 Contra revenue (27) — — — — (27) Net fees 252 — — — (11) 241 Rooms and packages — 201 — — (3) 198 Food and beverage — 58 — — — 58 Other — 31 — — — 31 Owned and leased — 290 — — (3) 287 Distribution — — 221 — — 221 Other revenues 12 — — — 1 13 Revenues for reimbursed costs 867 — — — — 867 Total revenues $ 1,131 $ 290 $ 221 $ — $ (13) $ 1,629 Intersegment revenues (1) $ 10 $ 3 $ — $ — $ — $ 13 Adjusted EBITDA $ 210 $ 63 $ 38 $ (36) $ — $ 275 Depreciation and amortization $ 19 $ 37 $ 17 $ 8 $ — $ 81 (1) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. Nine Months Ended September 30, 2024 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 321 $ — $ — $ — $ (26) $ 295 Incentive management fees 178 — — — (8) 170 Franchise and other fees 345 — — — (5) 340 Gross fees 844 — — — (39) 805 Contra revenue (56) — — — — (56) Net fees 788 — — — (39) 749 Rooms and packages — 598 — — (17) 581 Food and beverage — 222 — — — 222 Other — 107 — — — 107 Owned and leased — 927 — — (17) 910 Distribution — — 818 — — 818 Other revenues 31 — 26 — 1 58 Revenues for reimbursed costs 2,511 — — — — 2,511 Total revenues $ 3,330 $ 927 $ 844 $ — $ (55) $ 5,046 Intersegment revenues (2) $ 38 $ 17 $ — $ — $ — $ 55 Adjusted EBITDA $ 635 $ 204 $ 120 $ (119) $ 1 $ 841 Depreciation and amortization $ 57 $ 121 $ 56 $ 23 $ — $ 257 (2) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations.
Adopted Accounting Standards and Future Adoption of 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 year ended December 31, 2023, we adopted the provisions of ASU 2020-04. We amended certain LIBOR-based contracts during both the nine months ended September 30, 2024 and the year ended December 31, 2023. ASU 2020-04 did not materially impact our condensed consolidated financial statements upon adoption. Future Adoption of Accounting Standards Disclosure Improvements —In October 2023, the FASB issued Accounting Standards Update No. 2023-06 ("ASU 2023-06"), Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative . ASU 2023-06 modifies the disclosure and presentation requirements for certain FASB Accounting Standards Codification topics to align with the regulations of the Securities and Exchange Commission ("SEC"). The effective date for each amendment will be the date on which the SEC's removal of that related disclosure from its regulations becomes effective, if the SEC removes the disclosure by June 30, 2027. The provisions of ASU 2023-06 are to be applied prospectively, with early adoption prohibited. We do not expect the adoption of ASU 2023-06 to have a material impact on our condensed consolidated financial statements and accompanying Notes. Segment Reporting —In November 2023, the FASB issued Accounting Standards Update No. 2023-07 ("ASU 2023-07"), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to evaluate segment performance. The provisions of ASU 2023-07 are effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, and require retrospective adoption for all prior periods presented. We are currently assessing the impact of adopting ASU 2023-07. Income Taxes —In December 2023, the FASB issued Accounting Standards Update No. 2023-09 ("ASU 2023-09"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires enhanced annual income tax disclosures, including (1) disaggregation of effective tax rate reconciliation categories, (2) additional information for reconciling items that meet a quantitative threshold, and (3) income taxes paid by jurisdiction. The provisions of ASU 2023-09 are effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and may be applied either prospectively or retrospectively for all prior periods presented. We are currently assessing the impact of adopting ASU 2023-09.
Revenue Allocated to Remaining Performance Obligations	Revenue Allocated to Remaining Performance Obligations
Insurance	Insurance
Commitments and Contingencies	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 to various claims and contingencies arising in the normal course of business, which are primarily related to lawsuits and taxes (see Note 12), as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. We record a liability when the loss is probable and reasonably estimable and if the loss is recoverable, we record a receivable when the realization of the claim is probable. 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.

ORGANIZATION (Tables)

ORGANIZATION (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financial Statement Line Items Realignment	The changes include: New financial statement line item Previously-used financial statement line item Owned and leased revenues Owned and leased hotels revenues Franchise and other fee revenues Franchise, license, and other fee revenues Revenues for reimbursed costs Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties General and administrative expenses (1), (2) Selling, general, and administrative expenses Integration costs (2) Selling, general, and administrative expenses Owned and leased expenses Owned and leased hotels expenses Reimbursed costs Costs incurred on behalf of managed and franchised properties (1) Excludes integration costs. (2) Transaction and integration costs are now presented within a new financial statement line item as described above, transaction and integration costs.

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of of Contract Liability	Contract liabilities were comprised of the following: September 30, 2024 December 31, 2023 Deferred revenue related to the loyalty program $ 1,303 $ 1,130 Deferred revenue related to distribution and destination management services 547 719 Deferred revenue related to co-branded credit card programs 61 49 Advanced deposits 55 57 Initial fees received from franchise owners 45 45 Deferred revenue related to insurance programs 16 75 Deferred revenue related to the paid membership program (1) — 1,204 Other deferred revenue 82 78 Total contract liabilities $ 2,109 $ 3,357 (1) The change from December 31, 2023 is due to balances written off to gains (losses) on sales of real estate and other on our condensed consolidated statements of income during the nine months ended September 30, 2024 as a result of the UVC Transaction (see Note 4).

DEBT AND EQUITY SECURITIES (Tab

DEBT AND EQUITY SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 December 31, 2023 Loyalty program (Note 9) $ 923 $ 807 Deferred compensation plans held in rabbi trusts (Note 9 and Note 11) 547 489 Captive insurance company (Note 9) 110 94 Total marketable securities held to fund operating programs $ 1,580 $ 1,390 Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments (334) (320) Marketable securities held to fund operating programs included in other assets $ 1,246 $ 1,070
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, 2024 2023 2024 2023 Unrealized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ (5) $ (10) $ 19 $ 21 Revenues for reimbursed costs (2) (3) (4) 8 11 Other income (loss), net (Note 19) 6 (5) 7 — Other comprehensive income (loss) (Note 14) 15 — 9 — Realized gains (losses), net Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1) $ 23 $ 1 $ 27 $ 5 Revenues for reimbursed costs (2) 11 1 13 3 Other income (loss), net (Note 19) — (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 general and administrative expenses and owned and leased expenses with no impact on net income. (2) Unrealized and realized gains and losses recognized in revenues for reimbursed costs related to investments held to fund rabbi trusts are offset by amounts recognized in reimbursed costs 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, 2024 December 31, 2023 Interest-bearing money market funds $ 314 $ 284 Common shares in Playa N.V. (Note 9) 94 105 Time deposits (1) 40 11 Total marketable securities held for investment purposes $ 448 $ 400 Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (351) (294) Marketable securities held for investment purposes included in other assets $ 97 $ 106 (1) Time deposits have contractual maturities on various dates through 2026. 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, 2024 2023 2024 2023 Other income (loss), net (Note 19) $ (8) $ (11) $ (11) $ 9
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, 2024 Cash and cash equivalents Short-term investments Other assets Level One—Quoted Prices in Active Markets for Identical Assets Interest-bearing money market funds $ 622 $ 622 $ — $ — Mutual funds and exchange-traded funds 553 — — 553 Common shares 105 — — 105 Level Two—Significant Other Observable Inputs Time deposits 65 24 13 28 U.S. government obligations 324 — 6 318 U.S. government agencies 24 — — 24 Corporate debt securities 274 — 20 254 Mortgage-backed securities 26 — — 26 Asset-backed securities 31 — — 31 Municipal and provincial notes and bonds 4 — — 4 Total $ 2,028 $ 646 $ 39 $ 1,343 December 31, 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 $ 599 $ 599 $ — $ — Mutual funds and exchange-traded funds 495 — — 495 Common shares 114 — — 114 Level Two—Significant Other Observable Inputs Time deposits 36 — 10 26 U.S. government obligations 250 — — 250 U.S. government agencies 37 — — 37 Corporate debt securities 212 — 5 207 Mortgage-backed securities 19 — — 19 Asset-backed securities 24 — — 24 Municipal and provincial notes and bonds 4 — — 4 Total $ 1,790 $ 599 $ 15 $ 1,176
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, 2024 December 31, 2023 HTM debt securities (1) $ 279 $ 53 Less: allowance for credit losses (9) (13) Total HTM debt securities, net of allowances $ 270 $ 40 (1) At September 30, 2024, HTM debt securities included a $190 million preferred equity investment, net of a $36 million unamortized discount based on an imputed interest rate of 8.9% and a probability-weighted fair value adjustment related to our investment in the third-party entity that owns Hyatt Regency Orlando (see Note 7).
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: 2024 2023 Allowance at January 1 $ 13 $ 31 Provisions (reversals), net (1) (2) 2 Write-offs (2) (3) Allowance at June 30 $ 9 $ 30 Reversals, net (1) — (17) Allowance at September 30 $ 9 $ 13 (1) Provisions for credit losses were partially or fully offset by interest income recognized in the same periods (see Note 19).
Schedule of Changes in Fair Value of Net Unrealized Gains Recognized	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, 2024 2023 2024 2023 Other comprehensive income (loss) (Note 14) $ 2 $ 7 $ 3 $ 7

RECEIVABLES (Tables)

RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2024
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: 2024 2023 Allowance at January 1 $ 50 $ 63 Write-offs (4) (4) Provisions (reversals), net 3 (4) Allowance at June 30 $ 49 $ 55 Provisions, net 5 — Write-offs (1) (1) Allowance at September 30 $ 53 $ 54
Schedule of Financing Receivables	Financing Receivables September 30, 2024 December 31, 2023 Unsecured financing to hotel owners (1) $ 239 $ 137 Secured financing to hotel owners (2) 133 — Total financing receivables $ 372 $ 137 Less: current portion of financing receivables included in receivables, net (23) (22) Less: allowance for credit losses (3) (39) (42) Total long-term financing receivables, net of allowances $ 310 $ 73 (1) At September 30, 2024, unsecured financing included a $35 million loan, net of a $15 million unamortized discount based on an imputed interest rate of 9.5%, related to the seller financing issued in conjunction with the sale of an undeveloped land parcel (see Note 7). (2) Comprised of senior and junior secured mortgage loans collateralized by underlying hotel properties, including an $85 million loan purchased and a 41 million Swiss Francs ("CHF") loan issued in conjunction with the sale of Park Hyatt Zurich (see Note 7). (3) At September 30, 2024, there was no allowance for credit losses recorded for secured financing to hotel owners.
Schedule of Allowance for Losses and Impairments	The following table summarizes the activity in our unsecured financing receivables allowance for credit losses: 2024 2023 Allowance at January 1 $ 42 $ 44 Write-offs (3) (2) Foreign currency exchange, net (1) — Reversals, net — (2) Allowance at June 30 $ 38 $ 40 Provisions, net 1 — Allowance at September 30 $ 39 $ 40
Schedule of Credit Monitoring	Our unsecured financing receivables were as follows: September 30, 2024 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 232 $ (37) $ 195 $ 22 Other financing arrangements 7 (2) 5 — Total unsecured financing receivables $ 239 $ (39) $ 200 $ 22 December 31, 2023 Gross loan balance (principal and interest) Related allowance Net financing receivables Gross receivables on nonaccrual status Loans $ 128 $ (39) $ 89 $ 22 Other financing arrangements 9 (3) 6 — Total unsecured financing receivables $ 137 $ (42) $ 95 $ 22

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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 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) 38 Indefinite-lived intangibles (2) 12 Customer relationships intangibles (3) 12 Other intangibles (4) 16 Total assets acquired $ 107 Accounts payable $ 1 Accrued expenses and other current liabilities 5 Current contract liabilities 19 Long-term contract liabilities 3 Other long-term liabilities 7 Total liabilities assumed $ 35 Total net assets acquired attributable to Hyatt Hotels Corporation $ 72 ( 1) The goodwill, which is recorded on the distribution segment, 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 fair value of the identifiable net assets acquired at the acquisition date: Receivables $ 1 Goodwill (1) 62 Indefinite-lived intangibles (2) 20 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 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, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	September 30, 2024 Weighted- average useful lives in years Gross carrying value Accumulated amortization Net carrying value Management and hotel services agreement and franchise agreement intangibles 15 $ 889 $ (296) $ 593 Brand and other indefinite-lived intangibles — 638 — 638 Customer relationships intangibles 10 411 (141) 270 Other intangibles 11 33 (8) 25 Total $ 1,971 $ (445) $ 1,526 December 31, 2023 Gross carrying value Accumulated amortization Net carrying value Management and hotel services agreement and franchise agreement intangibles $ 906 $ (248) $ 658 Brand and other indefinite-lived intangibles 608 — 608 Customer relationships intangibles 620 (243) 377 Other intangibles 33 (6) 27 Total $ 2,167 $ (497) $ 1,670
Schedule of Indefinite-Lived Intangible Assets	September 30, 2024 Weighted- average useful lives in years Gross carrying value Accumulated amortization Net carrying value Management and hotel services agreement and franchise agreement intangibles 15 $ 889 $ (296) $ 593 Brand and other indefinite-lived intangibles — 638 — 638 Customer relationships intangibles 10 411 (141) 270 Other intangibles 11 33 (8) 25 Total $ 1,971 $ (445) $ 1,526 December 31, 2023 Gross carrying value Accumulated amortization Net carrying value Management and hotel services agreement and franchise agreement intangibles $ 906 $ (248) $ 658 Brand and other indefinite-lived intangibles 608 — 608 Customer relationships intangibles 620 (243) 377 Other intangibles 33 (6) 27 Total $ 2,167 $ (497) $ 1,670
Schedule of Intangible Assets Amortization Expense	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Amortization expense $ 31 $ 44 $ 98 $ 133

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	September 30, 2024 December 31, 2023 Management and hotel services agreement and franchise agreement assets constituting payments to customers (1) $ 962 $ 896 Marketable securities held to fund the loyalty program (Note 4) 622 495 Marketable securities held to fund rabbi trusts (Note 4) 547 489 Long-term investments (Note 4) 332 96 Common shares in Playa N.V. (Note 4) 94 105 Marketable securities held for captive insurance company (Note 4) 77 86 Deferred costs related to the paid membership program — 194 Other 119 116 Total other assets $ 2,753 $ 2,477 (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, 2024
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 will result in different estimates of fair value. September 30, 2024 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) $ 3,160 $ 3,218 $ — $ 3,145 $ 73 (1) Excludes $5 million of finance lease obligations and $23 million of unamortized discounts and deferred financing fees. December 31, 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 (2) $ 3,063 $ 3,062 $ — $ 3,032 $ 30 (2) Includes the 2024 Notes and excludes $6 million of finance lease obligations and $13 million of unamortized discounts and deferred financing fees.

OTHER LONG-TERM LIABILITIES (Ta

OTHER LONG-TERM LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Other Liabilities [Abstract]
Schedule of Other Long-Term Liabilities	September 30, 2024 December 31, 2023 Deferred compensation plans funded by rabbi trusts (Note 4) $ 547 $ 489 Income taxes payable 402 407 Guarantee liabilities (Note 13) 238 142 Contingent consideration liability (Note 13) 95 115 Self-insurance liabilities (Note 13) 82 73 Deferred income taxes (Note 12) 48 66 Other 68 59 Total other long-term liabilities $ 1,480 $ 1,351

TAXES (Tables)

TAXES (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Provision for income taxes $ 137 $ 33 $ 259 $ 107

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 Other long-term liabilities recorded at December 31, 2023 Year of guarantee expiration (2) United States (3), (4) $ 160 $ 40 $ 55 $ 30 various, through 2030 All foreign (3) 57 34 15 21 various, through 2034 Total $ 217 $ 74 $ 70 $ 51 (1) Our maximum exposure is generally based on a specified percentage of the total principal due upon borrower default. (2) Certain underlying debt agreements have extension periods which are not reflected in the year of guarantee expiration. (3) 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. (4) 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 Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes the change in fair value recognized in other income (loss), net on our condensed consolidated statements of income: 2024 2023 Fair value at January 1 $ 115 $ — Fair value as of acquisition date (Note 7) — 107 Change in fair value (Note 19) (11) (1) Fair value at June 30 $ 104 $ 106 Change in fair value (Note 19) (9) 2 Payments — (1) Fair value at September 30 (Note 11) $ 95 $ 107

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, net of 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, 2024 Foreign currency translation adjustments $ (209) $ 29 $ — $ (180) AFS debt securities unrealized fair value adjustments — 13 — 13 Pension liabilities adjustments (2) — — (2) Derivative instrument adjustments (1) (22) — 1 (21) Accumulated other comprehensive loss $ (233) $ 42 $ 1 $ (190) (1) 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, 2024 Foreign currency translation adjustments (2) $ (156) $ (21) $ (3) $ (180) AFS debt securities unrealized fair value adjustments 4 9 — 13 Pension liabilities adjustment (3) — — (2) (2) Derivative instrument adjustments (4) (23) (1) 3 (21) Accumulated other comprehensive loss $ (175) $ (13) $ (2) $ (190) (2) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the dilution of our ownership interest in an unconsolidated hospitality venture in India (see Note 4) and realized gains recognized in gains (losses) on sales of real estate and other related to the sale of Park Hyatt Zurich (see Note 7). (3) The amount reclassified from accumulated other comprehensive loss primarily included realized gains recognized in gains (losses) on sales of real estate and other related to the UVC Transaction (see Note 4) and the sale of Park Hyatt Zurich (see Note 7). (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 $5 million of losses, net of insignificant tax impacts, 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 $ (168) $ (26) $ — $ (194) AFS debt securities unrealized fair value adjustments (5) (11) 2 3 (6) Derivative instrument adjustments (6) (27) 1 2 (24) Accumulated other comprehensive loss $ (206) $ (23) $ 5 $ (224) (5) 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 19). (6) 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 $ (202) $ 8 $ — $ (194) AFS debt securities unrealized fair value adjustments (7) (11) 2 3 (6) Derivative instrument adjustments (8) (29) 1 4 (24) Accumulated other comprehensive loss $ (242) $ 11 $ 7 $ (224) (7) 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 19). (8) 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 Payable	The following tables summarize dividends declared to Class A and Class B stockholders of record: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Class A common stock $ 6 $ 7 $ 20 $ 14 Class B common stock 9 9 26 18 Total cash dividends declared $ 15 $ 16 $ 46 $ 32 Date declared Dividend per share amount for Class A and Class B Date of record Date paid February 14, 2024 $ 0.15 February 28, 2024 March 12, 2024 May 9, 2024 $ 0.15 May 29, 2024 June 11, 2024 August 6, 2024 $ 0.15 August 27, 2024 September 10, 2024

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Compensation Expense Related to Long-Term Incentive Plan	Stock-based compensation expense recognized in general and administrative expenses, distribution expenses, and transaction and integration costs on our condensed consolidated statements of income related to these awards was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 SARs $ 1 $ 1 $ 14 $ 12 RSUs 6 7 28 32 PSUs 2 4 13 16 Total $ 9 $ 12 $ 55 $ 60

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Summarized Consolidated Financial Information by Segment	Summarized consolidated financial information by segment was as follows: Three Months Ended September 30, 2024 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 105 $ — $ — $ — $ (8) $ 97 Incentive management fees 53 — — — (1) 52 Franchise and other fees 121 — — — (2) 119 Gross fees 279 — — — (11) 268 Contra revenue (27) — — — — (27) Net fees 252 — — — (11) 241 Rooms and packages — 201 — — (3) 198 Food and beverage — 58 — — — 58 Other — 31 — — — 31 Owned and leased — 290 — — (3) 287 Distribution — — 221 — — 221 Other revenues 12 — — — 1 13 Revenues for reimbursed costs 867 — — — — 867 Total revenues $ 1,131 $ 290 $ 221 $ — $ (13) $ 1,629 Intersegment revenues (1) $ 10 $ 3 $ — $ — $ — $ 13 Adjusted EBITDA $ 210 $ 63 $ 38 $ (36) $ — $ 275 Depreciation and amortization $ 19 $ 37 $ 17 $ 8 $ — $ 81 (1) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. Nine Months Ended September 30, 2024 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 321 $ — $ — $ — $ (26) $ 295 Incentive management fees 178 — — — (8) 170 Franchise and other fees 345 — — — (5) 340 Gross fees 844 — — — (39) 805 Contra revenue (56) — — — — (56) Net fees 788 — — — (39) 749 Rooms and packages — 598 — — (17) 581 Food and beverage — 222 — — — 222 Other — 107 — — — 107 Owned and leased — 927 — — (17) 910 Distribution — — 818 — — 818 Other revenues 31 — 26 — 1 58 Revenues for reimbursed costs 2,511 — — — — 2,511 Total revenues $ 3,330 $ 927 $ 844 $ — $ (55) $ 5,046 Intersegment revenues (2) $ 38 $ 17 $ — $ — $ — $ 55 Adjusted EBITDA $ 635 $ 204 $ 120 $ (119) $ 1 $ 841 Depreciation and amortization $ 57 $ 121 $ 56 $ 23 $ — $ 257 (2) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. Three Months Ended September 30, 2023 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 104 $ — $ — $ — $ (10) $ 94 Incentive management fees 54 — — — (3) 51 Franchise and other fees 100 — — — (2) 98 Gross fees 258 — — — (15) 243 Contra revenue (12) — — — — (12) Net fees 246 — — — (15) 231 Rooms and packages — 225 — — (8) 217 Food and beverage — 73 — — — 73 Other — 39 — — — 39 Owned and leased — 337 — — (8) 329 Distribution — — 229 — — 229 Other revenues 28 — 50 — 1 79 Revenues for reimbursed costs 754 — — — — 754 Total revenues $ 1,028 $ 337 $ 279 $ — $ (22) $ 1,622 Intersegment revenues (3) $ 14 $ 8 $ — $ — $ — $ 22 Adjusted EBITDA $ 192 $ 72 $ 31 $ (42) $ — $ 253 Depreciation and amortization $ 19 $ 45 $ 29 $ 7 $ — $ 100 (3) Intersegment revenues are included in gross fee revenues, owned and leased revenues, and other revenues and eliminated in Eliminations. Nine Months Ended September 30, 2023 Management and franchising Owned and leased Distribution Overhead Eliminations Total Base management fees $ 310 $ — $ — $ — $ (29) $ 281 Incentive management fees 179 — — — (12) 167 Franchise and other fees 278 — — — (6) 272 Gross fees 767 — — — (47) 720 Contra revenue (34) — — — — (34) Net fees 733 — — — (47) 686 Rooms and packages — 647 — — (23) 624 Food and beverage — 242 — — — 242 Other — 118 — — — 118 Owned and leased — 1,007 — — (23) 984 Distribution — — 832 — — 832 Other revenues 103 — 134 — 1 238 Revenues for reimbursed costs 2,267 — — — — 2,267 Total revenues $ 3,103 $ 1,007 $ 966 $ — $ (69) $ 5,007 Intersegment revenues (4) $ 46 $ 23 $ — $ — $ — $ 69 Adjusted EBITDA $ 577 $ 230 $ 123 $ (125) $ 1 $ 806 Depreciation and amortization $ 58 $ 136 $ 84 $ 19 $ — $ 297 (4) Intersegment revenues are included in gross fee revenues, owned and leased 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 net income attributable to Hyatt Hotels Corporation to consolidated Adjusted EBITDA: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to Hyatt Hotels Corporation $ 471 $ 68 $ 1,352 $ 194 Interest expense 50 41 128 105 Provision for income taxes 137 33 259 107 Depreciation and amortization 81 100 257 297 Contra revenue 27 12 56 34 Revenues for reimbursed costs (867) (754) (2,511) (2,267) Reimbursed costs 881 764 2,570 2,302 Transaction and integration costs 8 8 26 31 Equity (earnings) losses from unconsolidated hospitality ventures 13 (7) (32) (4) Stock-based compensation expense (Note 15) (1) 9 12 55 60 (Gains) losses on sales of real estate and other (514) (18) (1,267) (18) Asset impairments 35 6 52 13 Other (income) loss, net (70) (26) (152) (93) Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA 14 14 48 45 Adjusted EBITDA $ 275 $ 253 $ 841 $ 806 (1) Includes amounts recognized in general and administrative expenses and distribution expenses.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of the Calculation of Basic and Diluted Earnings Per Share	The calculation of basic and diluted earnings per Class A and Class B share, including a reconciliation of the numerator and denominator, is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Net income $ 471 $ 68 $ 1,352 $ 194 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 471 $ 68 $ 1,352 $ 194 Denominator: Basic weighted-average shares outstanding 99,149,433 104,335,826 101,006,064 105,411,846 Stock-based compensation 2,536,249 2,523,931 2,632,497 2,461,795 Diluted weighted-average shares outstanding 101,685,682 106,859,757 103,638,561 107,873,641 Basic Earnings Per Class A and Class B Share: Net income $ 4.75 $ 0.65 $ 13.38 $ 1.84 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 4.75 $ 0.65 $ 13.38 $ 1.84 Diluted Earnings Per Class A and Class B Share: Net income $ 4.63 $ 0.63 $ 13.04 $ 1.80 Net income attributable to noncontrolling interests — — — — Net income attributable to Hyatt Hotels Corporation $ 4.63 $ 0.63 $ 13.04 $ 1.80
Schedule of Antidilutive Securities Excluded from Computation of Losses Per Share	The computations of diluted earnings per Class A and Class B share for the three and nine months ended September 30, 2024 and September 30, 2023 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, 2024 2023 2024 2023 SARs 200 24,100 100 54,900 RSUs 300 100 1,000 1,900

OTHER INCOME (LOSS), NET (Table

OTHER INCOME (LOSS), NET (Tables)	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Other Income (Loss), Net	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Interest income $ 39 $ 24 $ 85 $ 56 Foreign currency exchange, net 18 (6) 18 (7) Guarantee amortization income (Note 13) 13 5 36 12 Contingent consideration liability fair value adjustment (Note 13) 9 (2) 20 (1) Depreciation recovery 6 6 18 15 Credit loss reversals (provisions), net (Note 4 and Note 6) (1) 17 1 17 Unrealized gains (losses), net (Note 4) (2) (16) (4) 9 Guarantee expense (Note 13) (4) (4) (10) (16) Other, net (8) 2 (12) 8 Other income (loss), net $ 70 $ 26 $ 152 $ 93

ORGANIZATION (Details)

ORGANIZATION (Details)	Sep. 30, 2024 room country hotel
Organization
Number of hotels operated or franchised | hotel	1,363
Number of rooms operated or franchised | room	326,845
Number of countries in which entity operates | country	79
United States
Organization
Number of hotels operated or franchised | hotel	701
Number of rooms operated or franchised | room	157,154
Full Service
Organization
Number of hotels operated or marketed | hotel	124
Number of rooms operated or marketed | room	42,634

RECENTLY ISSUED ACCOUNTING PR_3

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Details) - Disposal Group, Disposed of by Sale - Unlimited Vacation Club $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Schedule of Equity Method Investments [Line Items]
Ownership percent prior to disposal	80%
Disposal group, consideration	$ 80
Ownership interest percentage after disposal	20%

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of of Contract Liability (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total contract liabilities	$ 2,109	$ 3,357
Deferred revenue related to the loyalty program
Disaggregation of Revenue [Line Items]
Total contract liabilities	1,303	1,130
Deferred revenue related to distribution and destination management services
Disaggregation of Revenue [Line Items]
Total contract liabilities	547	719
Deferred revenue related to co-branded credit card programs
Disaggregation of Revenue [Line Items]
Total contract liabilities	61	49
Advanced deposits
Disaggregation of Revenue [Line Items]
Total contract liabilities	55	57
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	16	75
Deferred revenue related to the paid membership program
Disaggregation of Revenue [Line Items]
Total contract liabilities	0	1,204
Other deferred revenue
Disaggregation of Revenue [Line Items]
Total contract liabilities	$ 82	$ 78

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue recognized from opening balance	$ 190	$ 184	$ 1,040	$ 1,058

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Remaining Performance Obligation (Details) $ in Millions	Sep. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 120
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percent recognized	10%
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
	Feb. 28, 2024 shares	Sep. 30, 2023 USD ($) unit venture	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($) unit	Feb. 27, 2024	Dec. 31, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investments			$ 272			$ 211
Number of investments with impairment | investment			1
Other long-term liabilities			$ 1,480			1,351
HTM debt securities			270			40
Held-to-maturity securities, fair value			272			41
Equity securities without a readily determinable fair value			17			16
Held for Operating Programs
Schedule of Equity Method Investments [Line Items]
Debt securities, available-for-sale			490			330
Equity securities			17			15
Convertible Debt Securities
Schedule of Equity Method Investments [Line Items]
Payment to acquire AFS securities				$ 30
Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Other long-term liabilities			73
Level Three - Significant Unobservable Inputs | Convertible Debt Securities
Schedule of Equity Method Investments [Line Items]
Debt securities, available-for-sale			42			39
Disposal Group, Disposed of by Sale | Unlimited Vacation Club
Schedule of Equity Method Investments [Line Items]
Proceeds from divestiture of businesses			41
Cash divested from deconsolidation			39
Gains on sales of real estate			231
Third Party Entity
Schedule of Equity Method Investments [Line Items]
Number of real estate properties | unit		3		3
World of Hyatt | Held for Operating Programs | Affiliated Entity
Schedule of Equity Method Investments [Line Items]
HTM debt securities			25			$ 25
IPO | Unconsolidated Hospitality Ventures
Schedule of Equity Method Investments [Line Items]
Number of shares issued (in shares) | shares	50,000,000
Unconsolidated Hospitality Ventures
Schedule of Equity Method Investments [Line Items]
Equity method investments			376
Equity method investment, impairment charges			10
Equity method investment, ownership percentage	38.80%				50%
Number of shares owned (in shares) | shares	86,251,192
Unconsolidated Hospitality Ventures | Level Three - Significant Unobservable Inputs | Tax Obligation Guarantee
Schedule of Equity Method Investments [Line Items]
Maximum potential future payments			75
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
Unlimited Vacation Club
Schedule of Equity Method Investments [Line Items]
Equity method investments			20
Gain on dilution			79
Unlimited Vacation Club | Level Three - Significant Unobservable Inputs
Schedule of Equity Method Investments [Line Items]
Guarantor obligations, liability, current carrying value			86
Unlimited Vacation Club | Level Three - Significant Unobservable Inputs | Partner's Investment Guarantee
Schedule of Equity Method Investments [Line Items]
Guarantor obligations, liability, current carrying value			25
Maximum potential future payments			70
Unlimited Vacation Club | Level Three - Significant Unobservable Inputs | Tax Obligation Guarantee
Schedule of Equity Method Investments [Line Items]
Guarantor obligations, liability, current carrying value			$ 61

DEBT AND EQUITY SECURITIES - Sc

DEBT AND EQUITY SECURITIES - Schedule of Marketable Securities Held to Fund Operating Programs (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Held for Operating Programs
Schedule of Investments
Total marketable securities held to fund operating programs	$ 1,580	$ 1,390
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments	(334)	(320)
Marketable securities held to fund operating programs included in other assets	1,246	1,070
Loyalty program
Schedule of Investments
Total marketable securities held to fund operating programs	923	807
Deferred compensation plans held in rabbi trusts
Schedule of Investments
Total marketable securities held to fund operating programs	547	489
Captive insurance company
Schedule of Investments
Total marketable securities held to fund operating programs	$ 110	$ 94

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Unrealized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	$ (5)	$ (10)	$ 19	$ 21
Revenues for reimbursed costs	(3)	(4)	8	11
Other income (loss), net (Note 19)	6	(5)	7	0
Other comprehensive income (loss) (Note 14)	15	0	9	0
Realized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	23	1	27	5
Revenues for reimbursed costs	11	1	13	3
Other income (loss), net (Note 19)	$ 0	$ (1)	$ 0	$ (1)

DEBT AND EQUITY SECURITIES - _3

DEBT AND EQUITY SECURITIES - Schedule of Marketable Securities Held for Investment Purposes (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Investments
Common shares in Playa N.V. (Note 9)	$ 94	$ 105
Held for Investment Purposes
Schedule of Investments
Interest-bearing money market funds	314	284
Common shares in Playa N.V. (Note 9)	94	105
Time deposits	40	11
Total marketable securities held to fund operating programs	448	400
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments	(351)	(294)
Marketable securities held for investment purposes included in other assets	$ 97	$ 106

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Playa Hotels & Resorts N.V.
Schedule of Investments
Other income (loss), net (Note 19)	$ (8)	$ (11)	$ (11)	$ 9

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, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total	$ 2,028	$ 1,790
HTM debt securities	279	53
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	622	599
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	553	495
Level One—Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	105	114
Level Two—Significant Other Observable Inputs | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Debt securities, available-for-sale	65	36
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	324	250
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	24	37
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	274	212
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	26	19
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	31	24
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	4	4
Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total	646	599
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	622	599
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
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	24	0
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	39	15
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
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	13	10
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	6	0
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	0	0
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	20	5
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	1,343	1,176
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	553	495
Other assets | Level One—Quoted Prices in Active Markets for Identical Assets | Common shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	105	114
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	28	26
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	318	250
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	24	37
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	254	207
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	26	19
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	31	24
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	$ 4	$ 4

DEBT AND EQUITY SECURITIES - _6

DEBT AND EQUITY SECURITIES - Schedule of Debt and Equity Securities HTM (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
HTM debt securities	$ 279		$ 53
Less: allowance for credit losses	(9)	$ (9)	(13)	$ (13)	$ (30)	$ (31)
Total HTM debt securities, net of allowances	270		40
Schedule of Investments
HTM debt securities	279		$ 53
Hyatt Regency Orlando | Preferred Equity Investment
Investments, Debt and Equity Securities [Abstract]
HTM debt securities	190
Schedule of Investments
Debt instrument, unamortized discount	$ 36
Debt instrument, interest rate, effective percentage	8.90%
HTM debt securities	$ 190

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, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 9	$ 30	$ 13	$ 31
Provisions (reversals), net	0	(17)	(2)	2
Write-offs			(2)	(3)
Ending balance	$ 9	$ 13	$ 9	$ 30

DEBT AND EQUITY SECURITIES - _8

DEBT AND EQUITY SECURITIES - Schedule of Changes in Fair Value of Net Unrealized Gains Recognized (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Convertible Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Other comprehensive income (loss) (Note 14)	$ 2	$ 7	$ 3	$ 7

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and equipment, net	$ 1,634	$ 1,634	$ 2,340
Impairment, long-lived asset, held-for-use	21	21
Operating lease right-of-use assets	$ 5	$ 5

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, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Net receivables	$ 960				$ 883
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance beginning balance	49	$ 55	$ 50	$ 63
Provisions (reversals), net	5	0	3	(4)
Write-offs	(1)	(1)	(4)	(4)
Allowance ending balance	$ 53	$ 54	$ 49	$ 55

RECEIVABLES - Schedule of Finan

RECEIVABLES - Schedule of Financing Receivables (Details) SFr in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CHF (SFr)	Aug. 16, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable
Total financing receivables	$ 372				$ 137
Less: current portion of financing receivables included in receivables, net	(23)				(22)
Less: allowance for credit losses	(39)				(42)
Total long-term financing receivables, net of allowances	310				73
Disposal Group, Disposed of by Sale | Park Hyatt Zurich
Accounts, Notes, Loans and Financing Receivable
Seller financing	45
Seller financed receivable | SFr		SFr 41
Disposal Group, Disposed of by Sale | Hyatt Regency Orlando
Accounts, Notes, Loans and Financing Receivable
Seller financing	35		$ 34
Debt instrument, unamortized discount	$ 15
Debt instrument, interest rate, effective percentage	9.50%	9.50%
Unsecured financing to hotel owners
Accounts, Notes, Loans and Financing Receivable
Total financing receivables	$ 239				137
Less: allowance for credit losses	(39)			$ (38)	(42)	$ (40)	$ (40)	$ (44)
Secured financing to hotel owners
Accounts, Notes, Loans and Financing Receivable
Total financing receivables	133				$ 0
Less: allowance for credit losses	0
Loan purchased	$ 85

RECEIVABLES - Schedule of Allow

RECEIVABLES - Schedule of Allowance for Losses and Impairments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance for Losses and Impairments
Allowance beginning balance			$ 42
Allowance ending balance	$ 39
Unsecured financing to hotel owners
Allowance for Losses and Impairments
Allowance beginning balance	38	$ 40	42	$ 44
Write-offs			(3)	(2)
Foreign currency exchange, net			(1)	0
Provisions, net	1	0	0	(2)
Allowance ending balance	$ 39	$ 40	$ 38	$ 40

RECEIVABLES - Schedule of Credi

RECEIVABLES - Schedule of Credit Monitoring (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Unsecured Financing Receivables
Gross loan balance (principal and interest)	$ 372		$ 137
Related allowance	(39)		(42)
Unsecured financing to hotel owners
Unsecured Financing Receivables
Gross loan balance (principal and interest)	239		137
Related allowance	(39)	$ (38)	(42)	$ (40)	$ (40)	$ (44)
Net financing receivables	200		95
Gross receivables on nonaccrual status	22		22
Unsecured financing to hotel owners | Loans
Unsecured Financing Receivables
Gross loan balance (principal and interest)	232		128
Related allowance	(37)		(39)
Net financing receivables	195		89
Gross receivables on nonaccrual status	22		22
Unsecured financing to hotel owners | Other financing arrangements
Unsecured Financing Receivables
Gross loan balance (principal and interest)	7		9
Related allowance	(2)		(3)
Net financing receivables	5		6
Gross receivables on nonaccrual status	$ 0		$ 0

RECEIVABLES - Narrative (Detail

RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Significant unobservable inputs (Level Three)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Financing receivables	$ 366	$ 133

ACQUISITIONS AND DISPOSITIONS -

ACQUISITIONS AND DISPOSITIONS - Acquisitions Narrative (Details) £ in Millions, $ in Millions				3 Months Ended	4 Months Ended	8 Months Ended	9 Months Ended			12 Months Ended
	Jun. 02, 2023 USD ($)	Jun. 02, 2023 GBP (£)	Feb. 02, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 GBP (£)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Cash paid							$ 28	$ 175
Fair value of contingent consideration							95			$ 115
Mr & Mrs Smith
Business Acquisition [Line Items]
Business acquisition, remaining interest percent acquired in acquisition				100%	100%	100%		100%
Net assets acquired | £									£ 53
Purchase price	$ 72	£ 58
Business combination, pro forma information, revenue of acquiree since acquisition date, actual				$ 7	$ 9
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual				3	$ 3
Acquisition related costs				$ 0				$ 4
Cash paid	$ 50
Dream Hotel Group
Business Acquisition [Line Items]
Business acquisition, remaining interest percent acquired in acquisition				100%	100%	100%		100%
Purchase price			$ 232
Business combination, pro forma information, revenue of acquiree since acquisition date, actual						$ 5
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual						3
Acquisition related costs				$ 0				$ 7
Cash paid			125					125
Additional consideration				$ 175	$ 175	$ 175	174	$ 175
Fair value of contingent consideration			$ 107
Decrease in intangibles										21
Increase in goodwill										$ 21
Me and All Hotels
Business Acquisition [Line Items]
Consideration transferred							$ 28

ACQUISITIONS AND DISPOSITIONS_2

ACQUISITIONS AND DISPOSITIONS - Schedule of Net Assets Acquired (Details) £ in Millions, $ in Millions				9 Months Ended
	Jun. 02, 2023 USD ($)	Jun. 02, 2023 GBP (£)	Feb. 02, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Acquired Indefinite-lived Intangible Assets [Line Items]
Cash paid, net of cash acquired				$ 28	$ 175
Fair value of contingent consideration				$ 95		$ 115
Mr & Mrs Smith
Acquired Indefinite-lived Intangible Assets [Line Items]
Cash paid, net of cash acquired	$ 50
Cash acquired	22
Net assets acquired	$ 72	£ 58
Dream Hotel Group
Acquired Indefinite-lived Intangible Assets [Line Items]
Cash paid, net of cash acquired			$ 125		$ 125
Fair value of contingent consideration			107
Net assets acquired			$ 232

ACQUISITIONS AND DISPOSITIONS_3

ACQUISITIONS AND DISPOSITIONS - Schedule of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions			9 Months Ended
	Jun. 02, 2023	Feb. 02, 2023	Sep. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill			$ 2,277	$ 3,205
Customer relationships intangibles
Business Acquisition [Line Items]
Weighted- average useful lives in years			10 years
Mr & Mrs Smith
Business Acquisition [Line Items]
Cash and cash equivalents	$ 22
Receivables	6
Prepaids and other assets	1
Goodwill	38
Indefinite-lived intangibles	12
Total assets acquired	107
Accounts payable	1
Accrued expenses and other current liabilities	5
Current contract liabilities	19
Long-term contract liabilities	3
Other long-term liabilities	7
Total liabilities assumed	35
Total net assets acquired attributable to Hyatt Hotels Corporation	72
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 intangibles
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		62
Indefinite-lived intangibles		20
Total assets acquired		233
Long-term contract liabilities		1
Total liabilities assumed		1
Total net assets acquired attributable to Hyatt Hotels Corporation		232
Dream Hotel Group | Other intangibles
Business Acquisition [Line Items]
Finite-lived intangibles		$ 7
Weighted- average useful lives in years		20 years
Dream Hotel Group | Management and hotel services agreement intangibles
Business Acquisition [Line Items]
Finite-lived intangibles		$ 143
Dream Hotel Group | Management and hotel services agreement intangibles | Minimum
Business Acquisition [Line Items]
Weighted- average useful lives in years		9 years
Dream Hotel Group | Management and hotel services agreement intangibles | Maximum
Business Acquisition [Line Items]
Weighted- average useful lives in years		22 years
Dream Hotel Group | Management and hotel services agreement intangibles | Weighted Average
Business Acquisition [Line Items]
Weighted- average useful lives in years		17 years

ACQUISITIONS AND DISPOSITIONS_4

ACQUISITIONS AND DISPOSITIONS - Dispositions Narrative (Details) SFr in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CHF (SFr)	Aug. 16, 2024 USD ($)	Dec. 31, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Held-to-maturity securities, fair value	$ 272		$ 272			$ 41
Hyatt Regency Orlando
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Held-to-maturity securities, fair value	188		188
Disposal Group, Disposed of by Sale | Hyatt Regency Orlando
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration	723		723
Dispositions, preferred equity investment			265
Seller financed amount	50		$ 50
Initial maturity period			5 years
Seller financing	35		$ 35		$ 34
Gain (loss) on sales of real estate	514
Disposal Group, Disposed of by Sale | Park Hyatt Zurich
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration	244		$ 244	SFr 220
Initial maturity period			5 years
Seller financing	45		$ 45
Gain (loss) on sales of real estate			257
Currency translation gain from comprehensive loss			6
Disposal Group, Disposed of by Sale | Hyatt Regency San Antonio Riverwalk
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration	226		226
Gain (loss) on sales of real estate			100
Disposal Group, Disposed of by Sale | Hyatt Regency Green Bay
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration	3		3
Gain (loss) on sales of real estate			(4)
Disposal Group, Disposed of by Sale | Hyatt Regency Aruba Resort Spa and Casino
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration	173		$ 173
Initial maturity period			5 years
Seller financing	$ 41		$ 41
Gain (loss) on sales of real estate			172
Goodwill impairment charges			$ 15
Disposal Group, Disposed of by Sale | Destination Residential Management
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, consideration		$ 2
Gain (loss) on sales of real estate		19
Disposal group, including discontinued operation, contingent consideration arrangements, range of outcomes, value, high		$ 48
Disposal group, including discontinued operation, contingent consideration arrangements, period		2 years
Disposal group, including discontinued operation, contingent consideration, asset		$ 28
Disposal group, including discontinued operation, cash		$ 10

INTANGIBLES, NET - Schedule of

INTANGIBLES, NET - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 1,971	$ 2,167
Accumulated amortization	(445)	(497)
Net carrying value	1,526	1,670
Brand and other indefinite-lived intangibles
Indefinite-lived Intangible Assets [Line Items]
Brand and other indefinite-lived intangibles	$ 638	608
Management and hotel services agreement and franchise agreement intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted- average useful lives in years	15 years
Gross carrying value	$ 889	906
Accumulated amortization	(296)	(248)
Net carrying value	$ 593	658
Customer relationships intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted- average useful lives in years	10 years
Gross carrying value	$ 411	620
Accumulated amortization	(141)	(243)
Net carrying value	$ 270	377
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Weighted- average useful lives in years	11 years
Gross carrying value	$ 33	33
Accumulated amortization	(8)	(6)
Net carrying value	$ 25	$ 27

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 31	$ 44	$ 98	$ 133

INTANGIBLES, NET - Narrative (D

INTANGIBLES, NET - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Management And Franchise Agreement Intangibles
Segment Reporting Information
Intangible assets impairment losses	$ 9	$ 5	$ 11	$ 12

OTHER ASSETS - Schedule of Othe

OTHER ASSETS - Schedule of Other Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Other Assets, Noncurrent [Abstract]
Management and hotel services agreement and franchise agreement assets constituting payments to customers	$ 962	$ 896
Marketable securities held to fund the loyalty program (Note 4)	622	495
Marketable securities held to fund rabbi trusts (Note 4)	547	489
Long-term investments (Note 4)	332	96
Common shares in Playa N.V. (Note 4)	94	105
Marketable securities held for captive insurance company (Note 4)	77	86
Deferred costs related to the paid membership program	0	194
Other	119	116
Total other assets	$ 2,753	$ 2,477

DEBT - Narrative (Details)

DEBT - Narrative (Details) SFr in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CHF (SFr)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument
Long-term debt and lease obligation	$ 3,142,000,000		$ 3,142,000,000			$ 3,056,000,000
Current maturities of long-term debt	455,000,000		455,000,000			751,000,000
Underwriting discounts and other offering expenses	23,000,000		23,000,000			13,000,000
Revolving Credit Facility
Debt Instrument
Repayments of revolving credit facility during period			0		$ 0
Proceeds from revolving credit facility during period			0		0
Revolving credit facility, outstanding balance	0		0			$ 0
Line of credit facility, remaining borrowing capacity	1,497,000,000		1,497,000,000
Senior Notes
Debt Instrument
Proceeds from issuance of debt			786,000,000
Underwriting discounts and other offering expenses	14,000,000	$ 4,000,000	14,000,000		4,000,000
2029 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 450,000,000		$ 450,000,000
Debt instrument, interest rate, stated percentage	5.25%		5.25%
Issue price percentage			99.496%	99.496%
2034 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 350,000,000		$ 350,000,000
Debt instrument, interest rate, stated percentage	5.50%		5.50%
Issue price percentage			98.86%	98.86%
2024 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 750,000,000		$ 750,000,000
Debt instrument, interest rate, stated percentage	1.80%		1.80%
Debt instrument, repurchased face amount	$ 746,000,000		$ 746,000,000
Repayments of long-term debt	753,000,000
Interest expense, debt	7,000,000
2027 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 600,000,000	$ 600,000,000	$ 600,000,000		600,000,000
Debt instrument, interest rate, stated percentage	5.75%		5.75%
Issue price percentage		99.975%
Proceeds from issuance of debt		$ 596,000,000
2023 Fixed Rate Notes | Senior Notes
Debt Instrument
Long-term debt		$ 700,000,000			$ 700,000,000
Debt instrument, interest rate, stated percentage		1.30%			1.30%
2023 Notes | Senior Notes
Debt Instrument
Debt instrument, repurchased face amount		$ 638,000,000			$ 638,000,000
Repayments of long-term debt		642,000,000
Interest expense, debt		4,000,000
2023 Notes Floating Rate | Senior Notes
Debt Instrument
Repurchases senior notes		$ 18,000,000			$ 18,000,000
Medium-Term Note | Secured Debt
Debt Instrument
Proceeds from new debt			$ 48,000,000	SFr 41
2025 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 450,000,000		$ 450,000,000
Debt instrument, interest rate, stated percentage	5.375%		5.375%
2026 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 400,000,000		$ 400,000,000
Debt instrument, interest rate, stated percentage	4.85%		4.85%
2028 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 400,000,000		$ 400,000,000
Debt instrument, interest rate, stated percentage	4.375%		4.375%
2030 Notes | Senior Notes
Debt Instrument
Long-term debt	$ 450,000,000		$ 450,000,000
Debt instrument, interest rate, stated percentage	5.75%		5.75%

DEBT - Schedule of Fair Value,

DEBT - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument
Finance lease obligations	$ 5	$ 6
Unamortized discount and deferred financing fees	23	13
Quoted prices in active markets for identical assets (Level One)
Debt Instrument
Debt	0	0
Significant other observable inputs (Level Two)
Debt Instrument
Debt	3,145	3,032
Significant unobservable inputs (Level Three)
Debt Instrument
Debt	73	30
Carrying value
Debt Instrument
Debt	3,160	3,063
Fair value
Debt Instrument
Debt	$ 3,218	$ 3,062

OTHER LONG-TERM LIABILITIES - S

OTHER LONG-TERM LIABILITIES - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Deferred compensation plans funded by rabbi trusts (Note 4)	$ 547	$ 489
Income taxes payable	402	407
Guarantee liabilities (Note 13)	238	142
Contingent consideration liability (Note 13)	95	115
Self-insurance liabilities (Note 13)	82	73
Deferred income taxes (Note 12)	48	66
Other	68	59
Other long-term liabilities	$ 1,480	$ 1,351

TAXES - Schedule of Provision f

TAXES - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 137	$ 33	$ 259	$ 107

TAXES - Narrative (Details)

TAXES - Narrative (Details) - USD ($) $ in Millions		9 Months Ended
	Oct. 02, 2023	Sep. 30, 2024	Dec. 31, 2023
Income Tax Contingency [Line Items]
Estimated income tax liability based on taxing authority’s assessment		$ 19
Unrecognized tax benefits		318	$ 301
Amount of unrecognized tax benefits that would affect the tax rate if recognized		105	$ 120
Mexican Tax Authority
Income Tax Contingency [Line Items]
Estimated income tax liability based on taxing authority’s assessment		12
Unrecognized tax benefits		14
Unrecognized tax liability		$ 18
Tax Year 2009 Through 2011
Income Tax Contingency [Line Items]
Taxable income that must be recognized	$ 12
Estimated tax liability	2
Preceding Tax Year 2009
Income Tax Contingency [Line Items]
Taxable income that doesn't need to be recognized	228
Tax Year 2012 Through 2024
Income Tax Contingency [Line Items]
Estimated income tax liability based on taxing authority’s assessment	269
Estimated interest, net of federal benefit	$ 42

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Commitments and Performance Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Performance Guarantee
Loss Contingencies
Remaining maximum exposure	$ 133
Guarantor obligations, liability, current carrying value	104	$ 99
Performance Guarantee | Other Long-term liabilities
Loss Contingencies
Guarantor obligations, liability, current carrying value	96	91
Performance Guarantee | Accrued Expenses and Other Current Liabilities
Loss Contingencies
Guarantor obligations, liability, current carrying value	8	8
Performance Test Clause Guarantee
Loss Contingencies
Guarantor obligations, liability, current carrying value	5	$ 0
Various Business Ventures
Loss Contingencies
Commitment to loan or investment	$ 564

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Debt Repayment and Other Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Loss Contingencies
Other long-term liabilities recorded	$ 238	$ 142
Debt Repayment and Other Guarantees
Loss Contingencies
Maximum potential future payments	217
Maximum exposure net of recoverability from third parties	74
Other long-term liabilities recorded	70	51
Debt Repayment and Other Guarantees | United States
Loss Contingencies
Maximum potential future payments	160
Maximum exposure net of recoverability from third parties	40
Other long-term liabilities recorded	55	30
Debt Repayment and Other Guarantees | All foreign
Loss Contingencies
Maximum potential future payments	57
Maximum exposure net of recoverability from third parties	34
Other long-term liabilities recorded	$ 15	$ 21

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Other Guarantees, Guarantee Liabilities Fair Value , Contingent Consideration Fair Value , Insurance, Collective Bargaining Agreements, Surety Bonds, and Letters of Credit, and Other (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Loss Contingencies
Guarantees, fair value disclosure	$ 253	$ 148
Self insurance reserve, current	45	41
Self-insurance liabilities, noncurrent	82	$ 73
Surety bonds	268
Estimated income tax liability based on taxing authority’s assessment	19
Letter of Credit
Loss Contingencies
Letters of credit outstanding	104
Reducing capacity under revolving credit facility	$ 3
Various US
Loss Contingencies
Multiemployer plans, collective-bargaining arrangement, percentage of participants	21%
Dream Hotel Group
Loss Contingencies
Outstanding liability balance	$ 174		$ 175
Guarantee Type, Other
Loss Contingencies
Maximum potential future payments	145
Financial Guarantee
Loss Contingencies
Maximum potential future payments	$ 72

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Schedule of Contingent Consideration Fair Value (Details) - Contingent Consideration - USD ($) $ in Millions	3 Months Ended		5 Months Ended	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2024
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value at the beginning period	$ 104	$ 106	$ 107	$ 115
Change in fair value (Note 19)	(9)	2	(1)	(11)
Payments	0	(1)
Fair Value at the ending period	$ 95	$ 107	$ 106	$ 104

EQUITY - Schedule of Accumulate

EQUITY - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 3,853	$ 3,685	$ 3,567	$ 3,702
Balance, end of period	3,700	3,589	3,700	3,589
Interest Rate Contract
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassification out of AOCI within next 12 months			5
Accumulated other comprehensive loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(233)	(206)	(175)	(242)
Current period other comprehensive income (loss) before reclassification	42	(23)	(13)	11
Amount reclassified from accumulated other comprehensive loss	1	5	(2)	7
Balance, end of period	(190)	(224)	(190)	(224)
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(209)	(168)	(156)	(202)
Current period other comprehensive income (loss) before reclassification	29	(26)	(21)	8
Amount reclassified from accumulated other comprehensive loss	0	0	(3)	0
Balance, end of period	(180)	(194)	(180)	(194)
AFS debt securities unrealized fair value adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	0	(11)	4	(11)
Current period other comprehensive income (loss) before reclassification	13	2	9	2
Amount reclassified from accumulated other comprehensive loss	0	3	0	3
Balance, end of period	13	(6)	13	(6)
Pension liabilities adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(2)		0
Current period other comprehensive income (loss) before reclassification	0		0
Amount reclassified from accumulated other comprehensive loss	0		(2)
Balance, end of period	(2)		(2)
Derivative instruments adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(22)	(27)	(23)	(29)
Current period other comprehensive income (loss) before reclassification	0	1	(1)	1
Amount reclassified from accumulated other comprehensive loss	1	2	3	4
Balance, end of period	$ (21)	$ (24)	$ (21)	$ (24)

EQUITY - Narrative (Details)

EQUITY - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2022	May 08, 2024	May 10, 2023	Dec. 18, 2019
Equity [Abstract]
Stock repurchase program, authorized amount (up to)					$ 1,000,000,000	$ 1,055,000,000	$ 750,000,000
Stock repurchase program, remaining authorized repurchase amount		$ 982,000,000
Stock repurchased and retired during period (in shares)		7,923,062	3,233,926
Weighted-average price per share (in dollars per share)		$ 148.81	$ 110.72
Aggregate purchase price		$ 1,179,000,000	$ 358,000,000
Shares repurchased and not settled yet (in shares)	73,368			106,116
Stock repurchased and retired during period, value, not settled yet	$ 8,000,000			$ 9,000,000

EQUITY - Schedule of Dividends

EQUITY - Schedule of Dividends Payable (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended					9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Dividends Payable [Line Items]
Total cash dividends declared	$ 15	$ 16	$ 15	$ 16	$ 16	$ 46	$ 32
Cash dividend (in dollars per share)	$ 0.15	$ 0.15	$ 0.15
Cash dividend declared (in dollars per share)	$ 0.15	$ 0.15	$ 0.15	$ 0.15	$ 0.15
Class A common stock
Dividends Payable [Line Items]
Total cash dividends declared	$ 6			$ 7		20	14
Class B common stock
Dividends Payable [Line Items]
Total cash dividends declared	$ 9			$ 9		$ 26	$ 18

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award
Total	$ 9	$ 12	$ 55	$ 60
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Total	1	1	14	12
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Total	6	7	28	32
PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Total	$ 2	$ 4	$ 13	$ 16

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		9 Months Ended
	May 15, 2024	Sep. 30, 2024	Sep. 30, 2023
2024 Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award
Increased share limit (in shares)	5,650,000
Extended term	10 years
SARs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)		223,410	284,912
Granted (in dollars per share)		$ 68.77	$ 48.54
Future compensation expense		$ 3
Future compensation expense, period for recognition		2 years
RSUs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)		301,104	469,981
Granted (in dollars per share)		$ 156.34	$ 111.07
Future compensation expense		$ 36
Future compensation expense, period for recognition		3 years
PSUs
Share-based Compensation Arrangement by Share-based Payment Award
Grants in period (in shares)		64,776	133,383
Granted (in dollars per share)		$ 164.99	$ 120.64
Future compensation expense		$ 18
Future compensation expense, period for recognition		2 years

RELATED-PARTY TRANSACTIONS - Le

RELATED-PARTY TRANSACTIONS - Legal Services (Details) - Related Party - Related Party Legal Services - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction
General and administrative	$ 5	$ 3	$ 16	$ 10
Due to related party	$ 7		$ 7		$ 2

RELATED-PARTY TRANSACTIONS - Eq

RELATED-PARTY TRANSACTIONS - Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Feb. 28, 2024	Feb. 27, 2024	Dec. 31, 2023
Related Party Transaction
Net receivables	$ 960		$ 960				$ 883
Total long-term financing receivables, net of allowances	$ 310		$ 310				73
Unconsolidated Hospitality Ventures
Related Party Transaction
Equity method investment, ownership percentage					38.80%	50%
Minimum | Unconsolidated Hospitality Ventures
Related Party Transaction
Equity method investment, ownership percentage	20%		20%
Maximum | Unconsolidated Hospitality Ventures
Related Party Transaction
Equity method investment, ownership percentage	50%		50%
Related Party
Related Party Transaction
Net receivables	$ 92		$ 92				43
Total long-term financing receivables, net of allowances	42		42				$ 21
Franchise or License Fees | Related Party
Related Party Transaction
Related party amounts	22	$ 5	61	$ 17
Related Parties Guarantees | Related Party
Related Party Transaction
Related party amounts	$ 0	$ 1	$ 1	$ 4

RELATED-PARTY TRANSACTIONS - Sh

RELATED-PARTY TRANSACTIONS - Share Conversion (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Class B common stock
Related Party Transaction
Class share conversions (in shares)	(1,379,064)
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Class A common stock
Related Party Transaction
Class share conversions (in shares)	1,379,064
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01

RELATED-PARTY TRANSACTIONS - _2

RELATED-PARTY TRANSACTIONS - Share Repurchase (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Related Party Transaction
Stock repurchased and retired during period (in shares)	7,923,062	3,233,926
Weighted-average price per share (in dollars per share)	$ 148.81	$ 110.72
Aggregate purchase price	$ 1,179	$ 358
Class B common stock
Related Party Transaction
Stock repurchased and retired during period (in shares)	3,629,480
Aggregate purchase price	$ 561
Class B common stock | Weighted Average
Related Party Transaction
Weighted-average price per share (in dollars per share)	$ 154.66

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information
Total revenues	$ 1,629	$ 1,622	$ 5,046	$ 5,007
Adjusted EBITDA	275	253	841	806
Depreciation and amortization	81	100	257	297
Net fees
Segment Reporting Information
Total revenues	241	231	749	686
Gross fees
Segment Reporting Information
Total revenues	268	243	805	720
Base management fees
Segment Reporting Information
Total revenues	97	94	295	281
Incentive management fees
Segment Reporting Information
Total revenues	52	51	170	167
Franchise and other fees
Segment Reporting Information
Total revenues	119	98	340	272
Contra revenue
Segment Reporting Information
Total revenues	(27)	(12)	(56)	(34)
Owned and leased
Segment Reporting Information
Total revenues	287	329	910	984
Rooms and packages
Segment Reporting Information
Total revenues	198	217	581	624
Food and beverage
Segment Reporting Information
Total revenues	58	73	222	242
Other
Segment Reporting Information
Total revenues	31	39	107	118
Distribution
Segment Reporting Information
Total revenues	221	229	818	832
Other revenues
Segment Reporting Information
Total revenues	13	79	58	238
Revenues for reimbursed costs
Segment Reporting Information
Total revenues	867	754	2,511	2,267
Operating Segments | Management and franchising
Segment Reporting Information
Total revenues	1,131	1,028	3,330	3,103
Adjusted EBITDA	210	192	635	577
Depreciation and amortization	19	19	57	58
Operating Segments | Owned and leased
Segment Reporting Information
Total revenues	290	337	927	1,007
Adjusted EBITDA	63	72	204	230
Depreciation and amortization	37	45	121	136
Operating Segments | Distribution
Segment Reporting Information
Total revenues	221	279	844	966
Adjusted EBITDA	38	31	120	123
Depreciation and amortization	17	29	56	84
Operating Segments | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Adjusted EBITDA	(36)	(42)	(119)	(125)
Depreciation and amortization	8	7	23	19
Operating Segments | Net fees | Management and franchising
Segment Reporting Information
Total revenues	252	246	788	733
Operating Segments | Net fees | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Net fees | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Net fees | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Gross fees | Management and franchising
Segment Reporting Information
Total revenues	279	258	844	767
Operating Segments | Gross fees | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Gross fees | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Gross fees | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Base management fees | Management and franchising
Segment Reporting Information
Total revenues	105	104	321	310
Operating Segments | Base management fees | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Base management fees | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Base management fees | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Incentive management fees | Management and franchising
Segment Reporting Information
Total revenues	53	54	178	179
Operating Segments | Incentive management fees | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Incentive management fees | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Incentive management fees | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Franchise and other fees | Management and franchising
Segment Reporting Information
Total revenues	121	100	345	278
Operating Segments | Franchise and other fees | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Franchise and other fees | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Franchise and other fees | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Contra revenue | Management and franchising
Segment Reporting Information
Total revenues	(27)	(12)	(56)	(34)
Operating Segments | Contra revenue | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Contra revenue | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Contra revenue | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Owned and leased | Management and franchising
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Owned and leased | Owned and leased
Segment Reporting Information
Total revenues	290	337	927	1,007
Operating Segments | Owned and leased | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Owned and leased | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Rooms and packages | Management and franchising
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Rooms and packages | Owned and leased
Segment Reporting Information
Total revenues	201	225	598	647
Operating Segments | Rooms and packages | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Rooms and packages | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Food and beverage | Management and franchising
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Food and beverage | Owned and leased
Segment Reporting Information
Total revenues	58	73	222	242
Operating Segments | Food and beverage | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Food and beverage | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Other | Management and franchising
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Other | Owned and leased
Segment Reporting Information
Total revenues	31	39	107	118
Operating Segments | Other | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Other | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Distribution | Management and franchising
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Distribution | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Distribution | Distribution
Segment Reporting Information
Total revenues	221	229	818	832
Operating Segments | Distribution | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Other revenues | Management and franchising
Segment Reporting Information
Total revenues	12	28	31	103
Operating Segments | Other revenues | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Other revenues | Distribution
Segment Reporting Information
Total revenues	0	50	26	134
Operating Segments | Other revenues | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Revenues for reimbursed costs | Management and franchising
Segment Reporting Information
Total revenues	867	754	2,511	2,267
Operating Segments | Revenues for reimbursed costs | Owned and leased
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Revenues for reimbursed costs | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Operating Segments | Revenues for reimbursed costs | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations
Segment Reporting Information
Total revenues	(13)	(22)	(55)	(69)
Adjusted EBITDA	0	0	1	1
Depreciation and amortization	0	0	0	0
Eliminations | Management and franchising
Segment Reporting Information
Total revenues	(10)	(14)	(38)	(46)
Eliminations | Owned and leased
Segment Reporting Information
Total revenues	(3)	(8)	(17)	(23)
Eliminations | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Overhead
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Net fees
Segment Reporting Information
Total revenues	(11)	(15)	(39)	(47)
Eliminations | Gross fees
Segment Reporting Information
Total revenues	(11)	(15)	(39)	(47)
Eliminations | Base management fees
Segment Reporting Information
Total revenues	(8)	(10)	(26)	(29)
Eliminations | Incentive management fees
Segment Reporting Information
Total revenues	(1)	(3)	(8)	(12)
Eliminations | Franchise and other fees
Segment Reporting Information
Total revenues	(2)	(2)	(5)	(6)
Eliminations | Contra revenue
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Owned and leased
Segment Reporting Information
Total revenues	(3)	(8)	(17)	(23)
Eliminations | Rooms and packages
Segment Reporting Information
Total revenues	(3)	(8)	(17)	(23)
Eliminations | Food and beverage
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Other
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Distribution
Segment Reporting Information
Total revenues	0	0	0	0
Eliminations | Other revenues
Segment Reporting Information
Total revenues	1	1	1	1
Eliminations | Revenues for reimbursed costs
Segment Reporting Information
Total revenues	$ 0	$ 0	$ 0	$ 0

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information
Net income attributable to Hyatt Hotels Corporation	$ 471	$ 68	$ 1,352	$ 194
Interest expense	50	41	128	105
Provision for income taxes	137	33	259	107
Depreciation and amortization	81	100	257	297
Revenues	(1,629)	(1,622)	(5,046)	(5,007)
Transaction and integration costs	8	8	26	31
Equity (earnings) losses from unconsolidated hospitality ventures	13	(7)	(32)	(4)
Stock-based compensation expense	9	12	55	60
(Gains) losses on sales of real estate and other	(514)	(18)	(1,267)	(18)
Asset impairments	35	6	52	13
Other (income) loss, net	(70)	(26)	(152)	(93)
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA	14	14	48	45
Adjusted EBITDA	275	253	841	806
Contra revenue
Segment Reporting Information
Revenues	27	12	56	34
Revenues for reimbursed costs
Segment Reporting Information
Revenues	(867)	(754)	(2,511)	(2,267)
Reimbursed costs
Segment Reporting Information
Reimbursed costs	$ 881	$ 764	$ 2,570	$ 2,302

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
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income	$ 471	$ 68	$ 1,352	$ 194
Net income attributable to noncontrolling interests	0	0	0	0
Net income attributable to Hyatt Hotels Corporation	$ 471	$ 68	$ 1,352	$ 194
Denominator:
Basic weighted-average shares outstanding (in shares)	99,149,433	104,335,826	101,006,064	105,411,846
Share-based compensation (in shares)	2,536,249	2,523,931	2,632,497	2,461,795
Diluted weighted-average shares outstanding (in shares)	101,685,682	106,859,757	103,638,561	107,873,641
Basic Earnings Per Class A and Class B Share:
Net income (in dollars per share)	$ 4.75	$ 0.65	$ 13.38	$ 1.84
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)	4.75	0.65	13.38	1.84
Diluted Earnings Per Class A and Class B Share:
Net income (in dollars per share)	4.63	0.63	13.04	1.80
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)	$ 4.63	$ 0.63	$ 13.04	$ 1.80

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
SARs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	200	24,100	100	54,900
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share (in shares)	300	100	1,000	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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Interest income	$ 39	$ 24	$ 85	$ 56
Foreign currency exchange, net	18	(6)	18	(7)
Guarantee amortization income (Note 13)	13	5	36	12
Contingent consideration liability fair value adjustment (Note 13)	9	(2)	20	(1)
Depreciation recovery	6	6	18	15
Credit loss reversals (provisions), net (Note 4 and Note 6)	(1)	17	1	17
Unrealized gains (losses), net (Note 4)	(2)	(16)	(4)	9
Guarantee expense (Note 13)	(4)	(4)	(10)	(16)
Other, net	(8)	2	(12)	8
Other income (loss), net	$ 70	$ 26	$ 152	$ 93

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Standard International Management, LLC - USD ($) $ in Millions		1 Months Ended
	Aug. 20, 2024	Oct. 01, 2024
Subsequent Event [Line Items]
Business acquisition, remaining interest percent acquired in acquisition	100%
Net assets acquired	$ 150
Outstanding liability balance	$ 185
Subsequent Event
Subsequent Event [Line Items]
Purchase price		$ 151