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ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions, by Acquisition Total purchase consideration was determined as follows:
Cash paid, net of cash acquired$372 
Cash acquired2 
Fair value of deferred consideration58 
Fair value of contingent consideration33 
Total purchase consideration$465 
Total purchase consideration was determined as follows:
Cash paid, net of cash acquired$148 
Cash acquired3 
Fair value of contingent consideration108 
Total purchase consideration$259 
Total purchase consideration was determined as follows:
Cash paid, net of cash acquired$50
Cash acquired22
Total purchase consideration$72
Total purchase consideration was determined as follows:
Cash paid$125 
Fair value of contingent consideration107 
Total purchase consideration$232 
Schedule of Identifiable Net Assets Acquired
The following table summarizes the preliminary fair value of the identifiable net assets acquired at the acquisition date:
Cash and cash equivalents$2 
Receivables (1)15 
Operating lease right-of-use assets1 
Goodwill (2)336 
Indefinite-lived intangibles (3)84 
Management and hotel services agreement intangibles (4)433 
Other assets (5)50 
Total assets acquired$921 
Accounts payable (1)$15 
Accrued expenses and other current liabilities1 
Long-term operating lease liabilities1 
Other long-term liabilities (5)162 
Total liabilities assumed179 
Noncontrolling interest277 
Total net assets acquired attributable to Hyatt Hotels Corporation$465 
(1) Relates to value added taxes. We recorded an offsetting payable as amounts to be received are due to a third-party.
(2) The goodwill is attributable to the growth opportunities we expect to realize by expanding our all-inclusive resort offerings and destination management services as well as synergies we expect to realize in the future through our management of and licensing of the Bahia Principe brand to the Unlimited Vacation Club business. Goodwill is not tax deductible. At December 31, 2024, we have not completed the assignment of goodwill to reporting units due to the close proximity of the closing date and our year end (see Note 9).
(3) Relates to the Bahia Principe brand name.
(4) Amortized over useful lives of approximately 25 to 31 years, with a weighted-average useful life of approximately 28 years.
(5) Includes $50 million of prior year tax liabilities relating to certain foreign filing positions, including interest. We recorded an offsetting indemnification asset in other assets that we expect to collect under contractual agreements (see Note 10 and Note 14).
The following table summarizes the preliminary fair value of the identifiable net assets acquired at the acquisition date:
Cash and cash equivalents$3 
Receivables4 
Operating lease right-of-use assets6 
Goodwill (1)86 
Indefinite-lived intangibles (2)96 
Management and franchise agreement intangibles (3)84 
Total assets acquired$279 
Accounts payable$1 
Accrued expenses and other current liabilities1 
Accrued compensation and benefits3 
Current operating lease liabilities1 
Long-term operating lease liabilities5 
Other long-term liabilities9 
Total liabilities assumed$20 
Total net assets acquired attributable to Hyatt Hotels Corporation$259 
(1) The goodwill, which is primarily tax deductible and recorded on the management and franchising segment, is attributable to the growth opportunities we expect to realize by enhancing our lifestyle portfolio and offering immersive brand experiences.
(2) Includes intangible assets related to The Standard, Bunkhouse Hotels, and The Manner brand names.
(3) Amortized over useful lives of approximately 5 to 25 years, with a weighted-average useful life of approximately 19 years.
The following table summarizes the fair value of the identifiable net assets acquired at the acquisition date:
Cash and cash equivalents$22 
Receivables6 
Prepaids and other assets1 
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 liabilities5 
Current contract liabilities19 
Long-term contract liabilities3 
Other long-term liabilities7 
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.
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.