What was the amount of revenues for reimbursed costs for The Standardx in the second year presented in this table?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
olidation.
The following table provides a reconciliation of segment Adjusted EBITDA to income before income taxes:
| Year Ended December 31, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||||
| Segment Adjusted EBITDA | $ | 1,255 | $ | 1,231 $ | 1,105 | ||||
| Unallocated overhead expenses | (160) | (177) | (170) | ||||||
| Eliminations | 1 | 1 | 1 | ||||||
| Contra revenue | (69) | (47) | (31) | ||||||
| Revenues for reimbursed costs | 3,352 | 3,058 | 2,620 | ||||||
| Stock-based compensation expense (Note 17) (1) | (62) | (75) | (60) | ||||||
| Transaction and integration costs | (42) | (42) | (35) | ||||||
| Depreciation and amortization | (333) | (397) | (426) | ||||||
| Reimbursed costs | (3,457) | (3,144) | (2,632) | ||||||
| Equity earnings (losses) from unconsolidated hospitality ventures | 31 | (1) | 5 | ||||||
| Interest expense | (180) | (145) | (150) | ||||||
| Gains (losses) on sales of real estate and other | 1,245 | 18 | 263 | ||||||
| Asset impairments | (213) | (30) | (38) | ||||||
| Other income (loss), net | 257 | 124 | (34) | ||||||
| Pro rata share of unconsolidated owned and leased hospitality | (62) | (64) | (55) | ||||||
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the revenues for reimbursed costs for the second year presented in the provided table (Year Ended December 31, 2023) was $3,058.
This figure represents the income The Standardx received to cover specific expenses. For a prospective franchisee, understanding reimbursed costs is crucial because it reflects how The Standardx manages and recovers expenses related to system-wide services provided on behalf of managed and franchised properties.
Reimbursed costs are system-wide services on behalf of owners of managed and franchised properties and administer the loyalty program for the benefit of Hyatt's portfolio of properties. These expenses have been, and will continue to be, reimbursed by our third-party owners and franchisees and are recognized in revenues for reimbursed costs and reimbursed costs on our consolidated statements of income.