What were the total revenues for Caption By Hyatt for the year ended December 31, 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
strative expenses assist us in comparing our performance over various reporting periods on a consistent basis because it removes from our operating results the impact of items that do not reflect our core operations, both on a segment and consolidated basis.
The following tables present revenues disaggregated by the nature of the product or service and by segment:
| Year Ended December 31, 2024 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Management and franchising | Owned and leased | Distribution | Segment Total | Eliminations | Total | ||||||
| Base management fees | $ | 432 | $ | — | $ | — | $ | 432 | $ | (33) $ | 399 |
| Incentive management fees | 252 | — | — | 252 | (10) | 242 | |||||
| Franchise and other fees | 465 | — | — | 465 | (7) | 458 | |||||
| Gross fees | 1,149 | — | — | 1,149 | (50) | 1,099 | |||||
| Rooms and packages | — | 777 | — | 777 | (23) | 754 | |||||
| Food and beverage | — | 279 | — | 279 | — | 279 | |||||
| Other | — | 141 | — | 141 | — | 141 | |||||
| Owned and leased | — | 1,197 | — | 1,197 | (23) | 1,174 | |||||
| Distribution | — | — | 1,023 | 1,023 | — | 1,023 | |||||
| Other revenues | 42 | — | 26 | 68 | 1 | 69 | |||||
| Segme |
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 total revenues for the year ended December 31, 2024, were $6,648 million. These revenues are broken down by segment, including $4,474 million from management and franchising, $1,197 million from owned and leased properties, and $1,049 million from distribution. There was also a reduction of $72 million due to eliminations.
Breaking down the management and franchising revenues of $4,474 million, $399 million was from base management fees, $242 million from incentive management fees, $458 million from franchise and other fees, $3,352 million from revenues for reimbursed costs, and $69 million from other revenues, less contra revenue of $69 million. The owned and leased revenues of $1,197 million consisted of $777 million from rooms and packages and $279 million from food and beverage and $141 million from other sources. The distribution revenues totaled $1,023 million.
It is important to note that intersegment revenues, which represent transactions between different segments of Caption By Hyatt, amounted to $72 million. These intersegment revenues are eliminated in the consolidated total revenue figure to avoid double-counting. For a prospective franchisee, understanding these revenue streams and their relative contributions can provide insights into the different ways Caption By Hyatt generates income and how the franchise model fits into the overall business strategy.