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Hyatt Hotels logo

Hyatt Hotels Business Segments

Business, geographic, and product segment breakdowns

Hyatt Hotels generates $7.1B in annual revenue across 3 key segments: Distribution ($3.0M), Management and franchising (-$49.0M), and Owned and leased ($5.0M). Based on the Q1 2026 filing.

Distribution (TTM)$3.0MManagement and franchising (TTM)-$49.0MOwned and leased (TTM)$5.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$17.1B
ROE-1.02%

Products & Services

Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Revenue Related To Loyalty Program$1.3B$1.4B$1.5B$1.5B$1.6B$1.7B
Deferred revenue related to distribution and destination management services$705M$649M$549M$480M$643M$543M
Other deferred revenue$146M$82M$91M$89M$138M$138M
Deferred revenue related to insurance programs$112M$78M$47M$17M$102M$80M
Advanced deposits$53M$65M$67M$66M$59M$78M
Initial application fees from franchisees$47M———$50M$50M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenues for reimbursed costs$841M$886M$945M$903M$895M$945M
Distribution$205M$315M$262M$192M$177M$274M
Rooms and packages$179M$148M$223M$341M$326M$146M
Base management fees$111M$120M$120M$113M$120M$133M
Franchise and other fees$120M$119M$128M$130M$120M$122M
Incentive management fees$74M$77M$64M$55M$84M$87M
Food and beverage$57M$46M$53M$54M$62M$48M
Other$34M$29M$33M$41M$41M$29M
Contra revenue-$13M-$20M-$15M-$34M-$17M-$23M
Other revenues$11M$11M$11M$13M$4M$0

Costs of goods and services sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distribution$185M$266M$219M$169M$169M$245M

Total contract liabilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loyalty program, free night awards————$71M—
Loyalty program, future point redemptions————$1.5B—

Geographic

Maximum exposure net of recoverability from third parties

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All foreign$18M$18M$20M$20M$18M$0

Maximum potential future payments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All foreign$29M$30M$33M$33M$31M$13M

Other long-term liabilities recorded

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All foreign$7M$14M$11M$8M$5M$10M

Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All foreign$701M———$634M—
United States$1.3B———$1.3B—

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All foreign$403M$536.5M$536.5M$536.5M$536.5M—
United States$1.3B$1.2B$1.2B$1.2B$1.2B—

Business Segments

General And Administrative Expense, Adjusted

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Management and franchising$83M$67M$65M$62M$81M$78M
Owned and leased$3M$2M$3M$3M$2M$2M
Distribution$0$0$0$0$0$0

Goodwill, Impaired, Accumulated Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distribution$38M———$38M—
Management and franchising$114M———$114M—
Overhead$0———$0—
Owned and leased$176M———$176M—

Other Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Distribution$0$2M$1M$0$0$2M
Management and franchising-$14M-$24M-$20M-$22M-$7M$0
Owned and leased$0$0$2M$1M$2M$0

Segment Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Segment Total$296M$300M$345M$330M$332M$303M
Management and franchising$219M$236M$238M$226M$240M$264M
Distribution$20M$49M$43M$21M$7M$29M
Owned and leased$57M$15M$64M$83M$85M$10M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Management and franchising$1.1B$1.2B$1.3B$1.2B$1.2B$1.3B

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Overhead$2M———$0—
Owned and leased$34M———$34M—

Impairment losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Owned and leased$3.8M$3.8M$3.8M$3.8M$3.8M—