Hyatt Hotels Corp 10-Q for FY2023 Q1

Hyatt Hotels Corp (H)

10-Q 2023-05-04 For: 2023-03-31

Added on April 09, 2026

About this 10-Q

Hyatt Hotels Corp filed this 10-Q on May 4, 2023, covering the quarter ended March 31, 2023 (FY2023 Q1).

Headline figures

Quarter ended March 31, 2023, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $1.68B; up 31.4% from $1.28B a year earlier
Net income: $58M; compared with a net loss of $73M a year earlier
Diluted EPS: $0.53; compared with -$0.67 a year earlier

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	PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	1
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	27
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	45
Item 4.	Controls and Procedures	46

	PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	47
Item 1A.	Risk Factors	47
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	47
Item 3.	Defaults Upon Senior Securities	47
Item 4.	Mine Safety Disclosures	47
Item 5.	Other Information	47
Item 6.	Exhibits	48

Signatures		49


	Three Months Ended
	March 31, 2023		March 31, 2022
REVENUES:
Owned and leased hotels	$	314	$	271
Management, franchise, license, and other fees	231		154
Contra revenue	(10)		(9)
Net management, franchise, license, and other fees	221		145
Distribution and destination management	328		246
Other revenues	88		77
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties	729		540
Total revenues	1,680		1,279
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Owned and leased hotels	240		210
Distribution and destination management	258		194
Depreciation and amortization	98		119
Other direct costs	98		67
Selling, general, and administrative	161		111
Costs incurred on behalf of managed and franchised properties	749		556
Direct and selling, general, and administrative expenses	1,604		1,257
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts	18		(31)
Equity earnings (losses) from unconsolidated hospitality ventures	(2)		(9)
Interest expense	(33)		(40)

Asset impairments	(2)		(3)
Other income (loss), net	48		(10)
INCOME (LOSS) BEFORE INCOME TAXES	105		(71)
PROVISION FOR INCOME TAXES	(47)		(2)
NET INCOME (LOSS)	58		(73)
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—
NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$	58	$	(73)
EARNINGS (LOSSES) PER SHARE—Basic
Net income (loss)	$	0.55	$	(0.67)
Net income (loss) attributable to Hyatt Hotels Corporation	$	0.55	$	(0.67)
EARNINGS (LOSSES) PER SHARE—Diluted
Net income (loss)	$	0.53	$	(0.67)
Net income (loss) attributable to Hyatt Hotels Corporation	$	0.53	$	(0.67)


	Three Months Ended
	March 31, 2023		March 31, 2022
Net income (loss)	$	58	$	(73)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments, net of tax of $— for the three months ended March 31, 2023 and March 31, 2022	15		21
Available-for-sale debt securities unrealized fair value adjustments, net of tax of $— for the three months ended March 31, 2023 and March 31, 2022	3		(7)
Derivative instrument adjustments, net of tax of $— for the three months ended March 31, 2023 and March 31, 2022	1		2
Pension liabilities adjustment, net of tax of $— for the three months ended March 31, 2023 and March 31, 2022	—		(2)
Other comprehensive income	19		14
COMPREHENSIVE INCOME (LOSS)	77		(59)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION	$	77	$	(59)


	March 31, 2023		December 31, 2022
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	948	$	991
Restricted cash	20		39
Short-term investments	103		158
Receivables, net of allowance of $63 at both March 31, 2023 and December 31, 2022	828		834
Inventories	10		9
Prepaids and other assets	205		180
Prepaid income taxes	36		39


Total current assets	2,150		2,250
Equity method investments	180		178
Property and equipment, net	2,371		2,384
Financing receivables, net of allowances of $43 and $44 at March 31, 2023 and December 31, 2022, respectively	58		60
Operating lease right-of-use assets	384		385
Goodwill	3,143		3,101
Intangibles, net	1,813		1,668
Deferred tax assets	276		257
Other assets	2,243		2,029
TOTAL ASSETS	$	12,618	$	12,312
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt	$	648	$	660
Accounts payable	544		500
Accrued expenses and other current liabilities	475		415
Current contract liabilities	1,495		1,438
Accrued compensation and benefits	146		235
Current operating lease liabilities	39		39

Total current liabilities	3,347		3,287
Long-term debt	2,454		2,453
Long-term contract liabilities	1,572		1,495
Long-term operating lease liabilities	294		298
Other long-term liabilities	1,255		1,077
Total liabilities	8,922		8,610
Commitments and contingencies (see Note 12)

EQUITY:
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized and none outstanding at both March 31, 2023 and December 31, 2022	—		—
Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 46,844,698 issued and outstanding at March 31, 2023, and Class B common stock, $0.01 par value per share, 390,912,161 shares authorized, 58,917,749 shares issued and outstanding at March 31, 2023. Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 47,482,787 issued and outstanding at December 31, 2022, and Class B common stock, $0.01 par value per share, 390,912,161 shares authorized, 58,917,749 shares issued and outstanding at December 31, 2022	1		1
Additional paid-in capital	235		318
Retained earnings	3,680		3,622
Accumulated other comprehensive loss	(223)		(242)
Total stockholders' equity	3,693		3,699
Noncontrolling interests in consolidated subsidiaries	3		3
Total equity	3,696		3,702
TOTAL LIABILITIES AND EQUITY	$	12,618	$	12,312


	Three Months Ended
	March 31, 2023		March 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	58	$	(73)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	98		119


Amortization of share awards	31		31
Amortization of operating lease right-of-use assets	9		9
Deferred income taxes	(19)		—
Asset impairments	2		3

Equity (earnings) losses from unconsolidated hospitality ventures	2		9



Contra revenue	10		9

Unrealized (gains) losses, net	(43)		10


Working capital changes and other	77		63
Net cash provided by operating activities	225		180
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments	(35)		(195)
Proceeds from marketable securities and short-term investments	86		163
Contributions to equity method and other investments	(31)		(3)

Acquisitions	(125)		(39)
Capital expenditures	(30)		(43)
Issuance of financing receivables	(13)		(1)




Other investing activities	(1)		8
Net cash used in investing activities	(149)		(110)
CASH FLOWS FROM FINANCING ACTIVITIES:


Repayments and repurchases of debt	(14)		(1)
Repurchases of common stock	(106)		—




Other financing activities	(13)		(13)
Net cash used in financing activities	(133)		(14)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(4)		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	(61)		61
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH RECLASSIFIED TO ASSETS HELD FOR SALE	—		(7)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(61)		54
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—BEGINNING OF YEAR	1,067		1,065

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—END OF PERIOD	$	1,006	$	1,119


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


	Common Shares Outstanding		Common Stock Amount				Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Noncontrolling Interests in Consolidated Subsidiaries		Total
	Class	Class	Class		Class
	A	B	A		B


BALANCE—January 1, 2022	50,322,050	59,653,271	$	1	$	—	$	640	$	3,167	$	(245)	$	3	$	3,566
Total comprehensive loss	—	—	—		—		—		(73)		14		—		(59)


Employee stock plan issuance	12,221	—	—		—		1		—		—		—		1
Class share conversions	635,522	(635,522)	—		—		—		—		—		—		—
Share-based payment activity	303,355	—	—		—		16		—		—		—		16

BALANCE—March 31, 2022	51,273,148	59,017,749	$	1	$	—	$	657	$	3,094	$	(231)	$	3	$	3,524



















BALANCE—January 1, 2023	47,482,787	58,917,749	$	1	$	—	$	318	$	3,622	$	(242)	$	3	$	3,702
Total comprehensive income	—	—	—		—		—		58		19		—		77

Repurchases of common stock (1)	(1,018,931)	—	—		—		(98)		—		—		—		(98)
Liability for repurchases of common stock (2)	—	—	—		—		(8)		—		—		—		(8)

Employee stock plan issuance	13,925	—	—		—		1		—		—		—		1

Share-based payment activity	366,917	—	—		—		22		—		—		—		22

BALANCE—March 31, 2023	46,844,698	58,917,749	$	1	$	—	$	235	$	3,680	$	(223)	$	3	$	3,696
(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. At March 31, 2023, the shares were included in shares outstanding and the liability was recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheet.


	Three Months Ended March 31, 2023
	Owned and leased hotels		Americas management and franchising		ASPAC management and franchising		EAME management and franchising		Apple Leisure Group		Corporate and other		Eliminations		Total
Rooms revenues	$	198	$	—	$	—	$	—	$	—	$	—	$	(8)	$	190
Food and beverage	85		—		—		—		—		—		—		85
Other	39		—		—		—		—		—		—		39

Owned and leased hotels	322		—		—		—		—		—		(8)		314

Base management fees	—		62		16		7		15		—		(9)		91
Incentive management fees	—		20		18		8		16		—		(5)		57

Franchise, license, and other fees	—		51		4		4		8		16		—		83


Management, franchise, license, and other fees	—		133		38		19		39		16		(14)		231
Contra revenue	—		(6)		(1)		(3)		—		—		—		(10)
Net management, franchise, license, and other fees	—		127		37		16		39		16		(14)		221

Distribution and destination management	—		—		—		—		328		—		—		328
Other revenues	—		41		—		—		41		6		—		88

Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties	—		640		35		22		32		—		—		729

Total	$	322	$	808	$	72	$	38	$	440	$	22	$	(22)	$	1,680


	Three Months Ended March 31, 2022
	Owned and leased hotels		Americas management and franchising		ASPAC management and franchising (1)		EAME management and franchising (1)		Apple Leisure Group		Corporate and other		Eliminations		Total
Rooms revenues	$	167	$	—	$	—	$	—	$	—	$	—	$	(6)	$	161
Food and beverage	69		—		—		—		—		—		—		69
Other	41		—		—		—		—		—		—		41
Owned and leased hotels	277		—		—		—		—		—		(6)		271

Base management fees	—		46		8		6		8		—		(8)		60
Incentive management fees	—		12		5		6		19		—		(2)		40

Franchise, license, and other fees	—		37		3		1		3		10		—		54


Management, franchise, license, and other fees	—		95		16		13		30		10		(10)		154
Contra revenue	—		(6)		(1)		(2)		—		—		—		(9)
Net management, franchise, license, and other fees	—		89		15		11		30		10		(10)		145

Distribution and destination management	—		—		—		—		246		—		—		246
Other revenues	—		38		—		—		34		4		1		77

Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties	—		461		32		18		29		—		—		540

Total	$	277	$	588	$	47	$	29	$	339	$	14	$	(15)	$	1,279
(1) Amounts presented have been adjusted for changes within the segments effective on January 1, 2023 (see Note 16).


	March 31, 2023		December 31, 2022
Deferred revenue related to the paid membership program	$	1,071	$	1,013
Deferred revenue related to the loyalty program	1,010		928
Deferred revenue related to travel distribution and destination management services	729		732
Deferred revenue related to insurance programs	59		66
Advanced deposits	54		61
Initial fees received from franchise owners	45		45
Other deferred revenue	99		88
Total contract liabilities	$	3,067	$	2,933


	March 31, 2023		December 31, 2022
Loyalty program (Note 8)	$	756	$	728
Deferred compensation plans held in rabbi trusts (Note 8 and Note 10)	450		420
Captive insurance company (Note 8)	125		110
Total marketable securities held to fund operating programs	$	1,331	$	1,258
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments	(370)		(339)
Marketable securities held to fund operating programs included in other assets	$	961	$	919


	Three Months Ended March 31,
	2023		2022
Unrealized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1)	$	17	$	(32)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties (1)	9		(15)
Other income (loss), net (Note 18)	6		(18)
Other comprehensive income (loss) (Note 13)	3		(7)

Realized gains, net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (1)	$	1	$	1

(1) The impact from our investments in marketable securities held to fund our deferred compensation plans through rabbi trusts was recognized on the following financial statement line items and had no impact on net income (loss): revenues for the reimbursement of costs incurred on behalf of managed and franchised properties; owned and leased hotels expenses; selling, general, and administrative expenses; costs incurred on behalf of managed and franchised properties; and net gains (losses) and interest income from marketable securities held to fund rabbi trusts.


	March 31, 2023		December 31, 2022
Interest-bearing money market funds	$	256	$	430
Common shares in Playa N.V. (Note 8)	116		79
Time deposits (1)	12		10
Total marketable securities held for investment purposes	$	384	$	519
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments	(268)		(440)
Marketable securities held for investment purposes included in other assets	$	116	$	79
(1) Time deposits have contractual maturity dates in 2023. The amortized cost of our time deposits approximates fair value.


	March 31, 2023		December 31, 2022
HTM debt securities	$	98	$	96
Less: allowance for credit losses	(32)		(31)
Total HTM debt securities, net of allowances	$	66	$	65


Cash paid	$	125
Fair value of contingent consideration	107
Net assets acquired	$	232


		March 31, 2023
	Weighted- average useful lives in years	Gross carrying value		Accumulated amortization		Net carrying value
Management and franchise agreement intangibles	15	$	937	$	(198)	$	739
Brand and other indefinite-lived intangibles	—	626		—		626
Customer relationships intangibles	8	608		(169)		439
Other intangibles	5	22		(13)		9
Total		$	2,193	$	(380)	$	1,813


	December 31, 2022
	Gross carrying value		Accumulated amortization		Net carrying value
Management and franchise agreement intangibles	$	786	$	(184)	$	602
Brand and other indefinite-lived intangibles	593		—		593
Customer relationships intangibles	608		(145)		463
Other intangibles	22		(12)		10
Total	$	2,009	$	(341)	$	1,668


	2023		2022
Allowance at January 1	$	31	$	38
Provisions, net (1)	1		1
Allowance at March 31	$	32	$	39


(1) Provisions for credit losses were partially or fully offset by interest income recognized in the same periods (see Note 18).


	March 31, 2023		December 31, 2022
Unsecured financing to hotel owners	$	111	$	120
Less: current portion of financing receivables, included in receivables, net	(10)		(16)
Less: allowance for credit losses	(43)		(44)
Total long-term financing receivables, net of allowances	$	58	$	60


	March 31, 2023
	Gross loan balance (principal and interest)		Related allowance		Net financing receivables		Gross receivables on nonaccrual status
Loans	$	109	$	(42)	$	67	$	22


Other financing arrangements	2		(1)		1		—
Total unsecured financing receivables	$	111	$	(43)	$	68	$	22


Receivables	$	1
Goodwill (1)	41
Indefinite-lived intangibles (2)	33
Management agreement intangibles (3)	158
Total assets acquired	$	233

Long-term contract liabilities	$	1
Total liabilities assumed	$	1
Total net assets acquired attributable to Hyatt Hotels Corporation	$	232


	March 31, 2023		December 31, 2022
Management and franchise agreement assets constituting payments to customers (1)	$	781	$	699
Marketable securities held to fund rabbi trusts (Note 4)	450		420
Marketable securities held to fund the loyalty program (Note 4)	418		406
Deferred costs related to the paid membership program	129		106
Common shares in Playa N.V. (Note 4)	116		79
Long-term investments (Note 4)	108		77
Marketable securities held for captive insurance company (Note 4)	93		93
Long-term restricted cash	38		37
Other	110		112
Total other assets	$	2,243	$	2,029
(1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.


	March 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 (1)	$	3,109	$	3,048	$	—	$	3,017	$	31


	March 31, 2023		December 31, 2022
Deferred compensation plans funded by rabbi trusts (Note 4)	$	450	$	420
Income taxes payable	373		339
Guarantee liabilities (Note 12)	130		124
Contingent consideration liability (Note 6)	107		—
Deferred income taxes (Note 11)	73		72
Self-insurance liabilities (Note 12)	68		68

Other	54		54
Total other long-term liabilities	$	1,255	$	1,077


Geographical region	Maximum potential future payments (1)		Maximum exposure net of recoverability from third parties (1)		Other long-term liabilities recorded at March 31, 2023		Other long-term liabilities recorded at December 31, 2022		Year of guarantee expiration
United States (2), (3)	$	110	$	39	$	6	$	3	various, through 2027
All foreign (2), (4)	200		180		30		25		various, through 2031
Total	$	310	$	219	$	36	$	28


	Balance at January 1, 2023		Current period other comprehensive income (loss) before reclassification		Amount reclassified from accumulated other comprehensive loss		Balance at March 31, 2023
Foreign currency translation adjustments	$	(202)	$	15	$	—	$	(187)
AFS debt securities unrealized fair value adjustments	(11)		3		—		(8)

Derivative instrument adjustments (1)	(29)		—		1		(28)
Accumulated other comprehensive loss	$	(242)	$	18	$	1	$	(223)
(1) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. We expect to reclassify $6 million of losses over the next 12 months.










	Balance at January 1, 2022		Current period other comprehensive income (loss) before reclassification		Amount reclassified from accumulated other comprehensive loss		Balance at March 31, 2022
Foreign currency translation adjustments	$	(206)	$	21	$	—	$	(185)
AFS debt securities unrealized fair value adjustments	(1)		(7)		—		(8)
Pension liabilities adjustment	(4)		(1)		(1)		(6)
Derivative instrument adjustments (2)	(34)		—		2		(32)
Accumulated other comprehensive loss	$	(245)	$	13	$	1	$	(231)
(2) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.


		Three Months Ended March 31,
		RevPAR		Occupancy			ADR
	Number of comparable hotels	2023			vs. 2022 (in constant $)		2023		vs. 2022	2023		vs. 2022 (in constant $)
Comparable owned and leased hotels	26	$	192		52.9	%	69.2	%	18.9% pts	$	278	11.1	%


		Three Months Ended March 31,
		Net Package RevPAR		Occupancy			Net Package ADR
	Number of comparable hotels	2023			vs. 2022 (in constant $)		2023		vs. 2022	2023		vs. 2022 (in constant $)
Comparable ALG system-wide hotels	82	$	261		29.2	%	77.7	%	10.6% pts	$	336	11.5	%


	March 31, 2023			December 31, 2022
Consolidated debt (1)	$	3,102		$	3,113
Stockholders' equity	3,693			3,699
Total capital	6,795			6,812
Total debt to total capital	45.7		%	45.7		%
Consolidated debt (1)	3,102			3,113
Less: cash and cash equivalents and short-term investments	(1,051)			(1,149)
Net consolidated debt	$	2,051		$	1,964
Net debt to total capital	30.2		%	28.8		%


	Outstanding principal amount
$700 million senior unsecured notes maturing in 2023—1.300%	$	643
$750 million senior unsecured notes maturing in 2024—1.800%	746
$450 million senior unsecured notes maturing in 2025—5.375%	450
$400 million senior unsecured notes maturing in 2026—4.850%	400
$400 million senior unsecured notes maturing in 2028—4.375%	399
$450 million senior unsecured notes maturing in 2030—5.750%	440
Total Senior Notes	$	3,078


	Maturities by Period
	2023		2024		2025		2026		2027		Thereafter		Total carrying amount (1)			Total fair value (1)
Fixed-rate debt	$	644	$	746	$	450	$	400	$	—	$	839	$	3,079		$	3,017
Average interest rate (2)													3.58		%
Floating-rate debt	$	3	$	4	$	4	$	4	$	4	$	11	$	30		$	31
Average interest rate (2)													8.02		%


	Total number of shares purchased (1)	Weighted-average price paid per share		Total number of shares purchased as part of publicly announced plans	Maximum number (or approximate dollar value) of shares that may yet be purchased under the program
January 1 to January 31, 2023	162,413	$	89.57	162,413	$	544,551,167
February 1 to February 28, 2023	—	—		—	$	544,551,167
March 1 to March 31, 2023	856,518	107.34		856,518	$	452,616,478
Total	1,018,931	$	104.50	1,018,931


Exhibit Number			Exhibit Description

3.1			Amended and Restated Certificate of Incorporation of Hyatt Hotels (incorporated by reference to Exhibit 3.1 to the Company's Annual Report on Form 10-K (File No. 001-34521) filed with the Securities and Exchange Commission on February 16 , 202 3 )

3.2			Amended and Restated Bylaws of Hyatt Hotels Corporation (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K (File No. 001-34521) filed with the Securities and Exchange Commission on September 16, 2022)







31.1			Certification of the Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2			Certification of the Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1			Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2			Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS			XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

101.SCH			XBRL Taxonomy Extension Schema Document

101.CAL			XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF			XBRL Taxonomy Extension Definition Linkbase Document

101.LAB			XBRL Taxonomy Extension Label Linkbase Document

101.PRE			XBRL Taxonomy Extension Presentation Linkbase Document

104			Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)


		Hyatt Hotels Corporation

Date:	May 4, 2023	By:	/s/ Mark S. Hoplamazian
			Mark S. Hoplamazian
			President and Chief Executive Officer
			(Principal Executive Officer)


May 4, 2023			/s/ Joan Bottarini
			Joan Bottarini
			Executive Vice President, Chief Financial Officer
			(Principal Financial Officer)