August 20, 2025

Joan Bottarini
Chief Financial Officer
Hyatt Hotels Corporation
150 North Riverside Plaza
8th Floor
Chicago, IL 60606

        Re: Hyatt Hotels Corporation
            Form 10-K for the year ended December 31, 2024
            Filed February 13, 2025
            Form 8-K
            Filed August 7, 2025
            File No. 001-34521
Dear Joan Bottarini:

       We have reviewed your filing and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Form 10-K for the year ended December 31, 2024
Consolidated Statements of Income, page F-5

1.     Please present charges related to goodwill impairment in a separate line
item in
       accordance with ASC 350-20-45-2.
Note 3. Revenue from Contracts with Customers, page F-27

2.     We note that 10% of your $125 million remaining performance obligations
will be
       recognized in within the next 12 months and the remaining thereafter.
Please tell us in
       what periods you expect to recognize the remaining 90% thereafter and
how your
       current disclosures reflect the appropriate time bands for your
arrangements. In that
       regard, please tell us how you considered disclosure around revenue
expected to be
       recognized within 1 year, 2 years etc. Refer to 606-10-50-13(b).
 August 20, 2025
Page 2

Note 4. Debt and Equity Securities, page F-27

3.     We note that the Company recognized a pre-tax gain of $231 million
related to the
       UVC Transaction. Please tell us how the Company applied the guidance in
ASC 810-
       10-40-5 and provide us with your calculation for measuring the
deconsolidation of
       your controlling financial interest that resulted in the gain and
clarify whether the
       $914 million reduction in goodwill disclosed on page F-44 relates to
your accounting
       for the UVC Transaction.
Note 7. Acquisitions and Dispositions, page F-35

4.     We note the $336 preliminary value attributed to goodwill associated
with the Bahia
       Principe acquisition that closed on December 27, 2024. We also note from
page F-28
       that the goodwill associated with VIEs on the consolidated balance
sheets as of
       December 31, 2024 was only $147 million. Please reconcile these amounts.
Given the
       proximity of the Bahia Principe closing date to December 31, 2024,
explain any
       factors that may have contributed to revisions of the preliminary
goodwill estimate.
Form 8-K filed August 7, 2025
Reconciliation of Non-GAAP Financial Measures, page A-9

5.     We note your adjustment of "Fund (surpluses) deficits" in order to
arrive at "Adjusted
       net income attributable to Hyatt Hotels Corporation." Please tell us
what consideration
       you gave to presenting the components of the adjustment on a
disaggregated basis.
       Your response should highlight all factors considered that would support
and/or not
       support such a presentation.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

        Please contact Ameen Hamady at 202-551-3891 or Kristina Marrone at
202-551-3429
if you have questions regarding comments on the financial statements and
related matters.



                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of Real
Estate & Construction