What was the total amount of 'Segment revenues' for Caption By Hyatt before eliminations?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
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| | — | (69) |
| Revenues for reimbursed costs | | 3,352 | | — | | — | | 3,352 | | — | 3,352 | | Total revenues | $ | 4,474 | $ | 1,197 | $ | 1,049 | $ | 6,720 | $ | (72) $ | 6,648 | | Intersegment revenues | $ | 49 | $ | 23 | $ | — | $ | 72 | | | |
| -- | -- | ------------------------------ | -- |
|---|
| Management and franchising | Owned and leased | Distribution | Segment Total | Eliminations | Total | |||
|---|---|---|---|---|---|---|---|---|
| Base management fees | $ 414 | $ — | $ | — | $ 414 | $ | (40) $ | 374 |
| Incentive management fees | 248 | — | — | 248 | (16) | 232 | ||
| Franchise and other fees | 371 | — | — | 371 | (7) | 364 | ||
| Gross fees | 1,033 | — | — | 1,033 | (63) | 970 | ||
| Rooms and packages | — | 874 | — | 874 | (29) | 845 | ||
| Food and beverage | — | 333 | — | 333 | — | 333 | ||
| Other | — | 161 | — | 161 | — | 161 | ||
| Owned and leased | — | 1,368 | — | 1,368 | (29) | 1,339 | ||
| Distribution | — | — | 1,047 | 1,047 | — | 1,047 | ||
| Other revenues | 110 | — | 189 | 299 | 1 | 300 | ||
| Segment revenues | 1,143 | 1,368 | 1,236 | 3,747 | (91) | 3,656 | ||
| Contra revenue | (47) | — | — | (47) | — | (47) | ||
| Revenues for reimbursed costs | 3,058 | — | — | 3,058 | — | 3,058 | ||
| Total revenues | $ 4,154 | $ 1,368 | $ | 1,236 | $ 6,758 | $ | (91) $ | 6,667 |
| Intersegment revenues | $ 62 | $ 29 | $ | — | $ 91 |
Year Ended December 31, 2022
| Management and franchising | Owned and leased | Distribution | Segment Total | Eliminations | Total | ||
|---|---|---|---|---|---|---|---|
| Base management fees | $ 356 | $ — | $ — | $ 356 | $ | (37) $ | 319 |
| Incentive management fees | 205 | — | — | 205 | (13) | 192 | |
| Franchise and other fees | 307 | — | — | 307 | (10) | 297 | |
| Gross fees | 868 | — | — | 868 | (60) | 808 | |
| Rooms and packages | — | 800 | — | 800 | (28) | 772 | |
| Food and beverage | — | 305 | — | 305 | — | 305 | |
| Other | — | 158 | — | 158 | — | 158 | |
| Owned and leased | — | 1,263 | — | 1,263 | (28) | 1,235 | |
| Distribution | — | — | 986 | 986 | — | 986 | |
| Other revenues | 134 | — | 137 | 271 | 2 | 273 | |
| Segment revenues | 1,002 | 1,263 | 1,123 | 3,388 | (86) | 3,302 | |
| Contra revenue | (31) | — | — | (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) |
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 segment revenues before eliminations for the year ended December 31, 2022, totaled $3,388. For the year ended December 31, 2023, the segment revenues before eliminations totaled $3,747. For the year ended December 31, 2024, the segment revenues before eliminations totaled $3,437.
Segment revenues represent the total revenue generated by Caption By Hyatt's various business segments, such as management and franchising, owned and leased properties, and distribution services. The 'before eliminations' figure is significant because it reflects the gross revenue before accounting for any intersegment transactions or accounting adjustments that occur when consolidating financial results.
For a prospective Caption By Hyatt franchisee, understanding segment revenues is crucial for assessing the overall financial health and performance of the company. It provides insight into which areas of the business are generating the most revenue and how the company's revenue streams are distributed across its different segments. This information can help franchisees evaluate the potential for growth and profitability within the Caption By Hyatt system.
However, it's also important to consider the eliminations, which represent internal transactions that are removed to avoid double-counting revenue. While the pre-elimination figure gives a sense of the total activity, the post-elimination figure provides a more accurate view of the company's revenue from external sources. Franchisees should analyze both figures in conjunction to gain a comprehensive understanding of Caption By Hyatt's financial performance.