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STOCKHOLDERS' EQUITY AND COMPREHENSIVE LOSS
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
STOCKHOLDERS' EQUITY AND COMPREHENSIVE LOSS STOCKHOLDERS' EQUITY AND COMPREHENSIVE LOSS
Common Stock—At December 31, 2024, Pritzker family business interests beneficially owned, in the aggregate, approximately 95.8% of our Class B common stock and approximately 1.8% of our Class A common stock, representing approximately 54.1% of the outstanding shares of our common stock and approximately 88.8% of the total voting power of our outstanding common stock. As a result, consistent with the voting agreements contained in the Amended and Restated Global Hyatt Agreement and Amended and Restated Foreign Global Hyatt Agreement, Pritzker family business interests are able to exert a significant degree of influence or actual control over our management and affairs and over matters requiring stockholder approval, including the election of directors and other significant corporate transactions. While the voting agreements are in effect, they may provide our board of directors with effective control over matters requiring stockholder approval. Because of our dual class ownership structure, Pritzker family business interests will continue to exert a significant degree of influence or actual control over matters requiring stockholder approval, even if they own less than 50% of the outstanding shares of our common stock. Pursuant to the Amended and Restated Global Hyatt Agreement and Amended and Restated Foreign Global Hyatt Agreement, the Pritzker family business interests have agreed to certain voting agreements and to certain limitations with respect to the sale of shares of our common stock. In addition, other stockholders beneficially own, in the aggregate, approximately 4.2% of our outstanding Class B common stock representing approximately 2.4% of the outstanding shares of our common stock and approximately 3.9% of the total voting power of our outstanding common stock. Pursuant to the 2007 Stockholders' Agreement, these entities have also agreed to certain voting agreements and to certain limitations with respect to the sale of shares of our common stock.
Share Repurchase—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 ASR 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 share repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time and does not have an expiration date.
Year Ended December 31,
202420232022
Total number of shares repurchased (1)7,992,2564,123,8284,233,894
Weighted-average price per share$148.90$109.86$87.07
Aggregate purchase price (2)$1,190$453$369
Shares repurchased as a percentage of total common stock outstanding (3)8%4%4%
(1) The year ended December 31, 2023 includes repurchases of 106,116 shares that were initiated prior to December 31, 2022, but settled in the first quarter of 2023. At December 31, 2022, a $9 million share repurchase liability was recorded in accrued expenses and other current liabilities on our consolidated balance sheet.
(2) Excludes related insignificant expenses.
(3) Calculated based on the total common stock outstanding as of December 31 of the prior year.
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 repurchases were retired and the total number of authorized Class B shares was thereby reduced by the number of shares returned (see Note 18). At December 31, 2024, we had $971 million remaining under the total share repurchase authorization.
Dividend—The following tables summarize dividends declared to Class A and Class B stockholders of record:
Year Ended December 31,
202420232022
Class A common stock$27 $21 $— 
Class B common stock34 27 — 
Total cash dividends declared$61 $48 $— 
Date declaredDividend per share amount for Class A and Class BDate of recordDate paid
February 14, 2024$0.15 February 28, 2024March 12, 2024
May 9, 2024$0.15 May 29, 2024June 11, 2024
August 6, 2024$0.15 August 27, 2024September 10, 2024
October 31, 2024$0.15 November 22, 2024December 6, 2024
May 11, 2023$0.15 May 30, 2023June 12, 2023
August 3, 2023$0.15 August 25, 2023September 8, 2023
November 2, 2023$0.15 November 22, 2023December 6, 2023
Accumulated Other Comprehensive Loss—The components of accumulated other comprehensive loss, net of tax impacts, were as follows:
Balance at
January 1, 2024		Other comprehensive income (loss) before reclassificationAmounts reclassified from accumulated other comprehensive lossBalance at
December 31, 2024
Foreign currency translation adjustments (1)$(156)$(94)$(1)$(251)
AFS debt securities unrealized fair value adjustments4 (2)— 2 
Pension liabilities adjustments (2)— 2 (2)— 
Derivative instrument adjustments (3)(23)(2)5 (20)
Accumulated other comprehensive loss$(175)$(96)$2 $(269)
(1) Amounts 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), realized gains recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the sale of our ownership interest in an unconsolidated hospitality venture (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).
(2) Amounts 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).
(3) Amounts 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 $5 million of losses, net of insignificant tax impacts, over the next 12 months.
Balance at
January 1, 2023		Other comprehensive income (loss) before reclassificationAmounts reclassified from accumulated other comprehensive lossBalance at
December 31, 2023
Foreign currency translation adjustments$(202)$46 $— $(156)
AFS debt securities unrealized fair value adjustments (4)(11)12 3 4 
Derivative instrument adjustments (5)(29)1 5 (23)
Accumulated other comprehensive loss$(242)$59 $8 $(175)
(4) Amounts 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 21).
(5) Amounts reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.