What were the distribution expenses for Caption By Hyatt for the year ended December 31, 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
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| — | — | (31) | | — | (31) |
| Revenues for reimbursed costs | 2,620 | — | — | 2,620 | | — | 2,620 | | Total revenues | $ 3,591 | $ 1,263 | $ 1,123 | $ 5,977 | $ | (86) $ | 5,891 | | Intersegment revenues | $ 58 | $ 28 | $ — | $ 86 | | | |
The following tables provide a reconciliation of segment revenues to segment Adjusted EBITDA:
| Year Ended December 31, 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Management and Owned and franchising leased | Distribution | Segment Total | |||||||
| Segment revenues | $ | 1,191 | $ | 1,197 | $ | 1,049 | $ | 3,437 | |
| Significant segment expenses: | |||||||||
| Adjusted general and administrative expenses | (268) | (10) | (6) | (284) | |||||
| Owned and leased expenses (1) | — | (991) | — | (991) | |||||
| Distribution exp |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the distribution expenses for the year ended December 31, 2024, were $882 million. This figure represents the expenses associated with the distribution segment of Hyatt Hotels Corporation's operations.
This number is a significant expense for the company overall. However, it is important to note that this is a system-wide figure that includes all Hyatt brands, not just Caption By Hyatt.
A prospective Caption By Hyatt franchisee should consider this figure in the context of the overall financial performance of Hyatt Hotels Corporation. While this expense does not directly impact the franchisee's individual unit, it provides insight into the broader financial health and operational strategies of the parent company. Understanding these large-scale expenses can help franchisees assess the stability and resources available to support the Caption By Hyatt brand.