Hyatt Reports Fourth Quarter 2012 Results

  Hyatt Reports Fourth Quarter 2012 Results

Business Wire

CHICAGO -- February 13, 2013

Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported
fourth quarter 2012 financial results as follows:

  *Adjusted EBITDA was $147 million in the fourth quarter of 2012 compared to
    $143 million in the fourth quarter of 2011, an increase of 2.8%.
  *Net income attributable to Hyatt was $16 million, or $0.09 per share,
    during the fourth quarter of 2012 compared to net income attributable to
    Hyatt of $52 million, or $0.31 per share, in the fourth quarter of 2011.
    Adjusted for special items, net income attributable to Hyatt was $33
    million, or $0.20 per share, during the fourth quarter of 2012 compared to
    net income attributable to Hyatt of $52 million, or $0.31 per share,
    during the fourth quarter of 2011. See the table on page 3 of the
    accompanying schedules for a summary of special items.
  *Comparable owned and leased hotel RevPAR increased 7.5% in the fourth
    quarter of 2012 compared to the fourth quarter of 2011.
  *Owned and leased hotel operating margins decreased 10 basis points in the
    fourth quarter of 2012 compared to the fourth quarter of 2011. Comparable
    owned and leased hotel operating margins decreased 110 basis points in the
    fourth quarter of 2012 compared to the same period in 2011. See the table
    on page 9 of the accompanying schedules for a reconciliation of comparable
    owned and leased hotel operating margin to owned and leased hotel
    operating margin.
  *Comparable U.S. full service hotel RevPAR increased 5.8% in the fourth
    quarter of 2012 compared to the fourth quarter of 2011. Comparable U.S.
    select service hotel RevPAR increased 8.7% in the fourth quarter of 2012
    compared to the fourth quarter of 2011.
  *Six properties were opened.
  *The Company repurchased 2,779,038 shares of Class A common stock at a
    weighted average price of $36.34 per share, for an aggregate purchase
    price of approximately $101 million.

Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels
Corporation, said, “During the fourth quarter, our comparable owned and leased
RevPAR increased 7.5% as we benefited from solid demand and to a limited
extent from renovations completed in prior periods.

“We are expanding into meaningful and new markets around the world with recent
openings and we continue to enjoy great demand for our brands around the world
as we sign new contracts for additional hotels. During the quarter, we opened
the Andaz Amsterdam and our first two select service hotels outside of the
U.S. For the year, we opened 22 hotels and our base of executed contracts for
new hotels grew by over 15%. We expect to open over 30 hotels in 2013,
including the conversion of four iconic hotels in Paris, Nice and Cannes to
Hyatt brands. Adding an aggregate of approximately 1,700 rooms, this will more
than double our presence in France and is a meaningful expansion of our
coverage in continental Europe.

“Looking ahead, we are focused on growing our market share, increasing owned
and leased margins, improving results at recently renovated and newly acquired
hotels, and continuing to support expansion of our brand presence around the
world. We expect that there will be headwinds in some markets, but given our
concentration of earnings in the U.S., and the diversity of our business
model, we look forward to a year of stable growth.

“During the second half of 2012, we completed several unique transactions to
expand presence, recycle capital, earn strong returns, and strengthen our
relationships with partners that are important to our future. In addition, we
repurchased approximately 3.7 million shares of Class A common stock in 2012
for approximately $136 million. We are well-situated for the future with
strong brands, well-positioned hotels, ample resources and a business model
that is oriented to take advantage of market opportunities.”

SEGMENT RESULTS & OTHER ITEMS

Owned and Leased Hotels Segment

Total segment Adjusted EBITDA decreased 2.9% in the fourth quarter of 2012
compared to the same period in 2011. Owned and leased Adjusted EBITDA
increased 1.2% in the fourth quarter of 2012 compared to the same period in
2011. Pro rata share of unconsolidated hospitality ventures Adjusted EBITDA
decreased 21.1% in the fourth quarter of 2012.

RevPAR for comparable owned and leased hotels increased 7.5% in the fourth
quarter of 2012 compared to the same period in 2011. Occupancy improved 220
basis points and ADR increased 4.2% compared to the same period in 2011.

Revenues increased 4.9% in the fourth quarter of 2012 compared to the same
period in 2011. Comparable hotel revenues increased 2.9% in the fourth quarter
of 2012 compared to the same period in 2011.

Revenue for comparable owned and leased hotels was negatively impacted by weak
performance in certain international markets and lower relative growth in
non-room revenue at U.S. hotels.

Owned and leased hotel expenses increased 5.0% in the fourth quarter of 2012
compared to the same period in 2011. Excluding expenses related to benefit
programs funded through rabbi trusts and non-comparable hotel expenses,
expenses increased 4.3% in the fourth quarter of 2012 compared to the same
period in 2011. Comparable expenses were negatively impacted by insurance
costs. See the table on page 9 of the accompanying schedules for a
reconciliation of comparable owned and leased hotels expenses to owned and
leased hotels expenses.

The following two hotels were added to the portfolio during the fourth
quarter:

  *Hyatt Regency Birmingham (owned, 319 rooms): This property was acquired by
    the Company for approximately $43 million. The property was previously and
    will continue to be managed by the Company.
  *Andaz Amsterdam (leased, 122 rooms)

During the quarter, the Company closed on the sale of eight select service
hotels, with an aggregate of 1,043 rooms, for approximately $87 million. The
Company will continue to manage these hotels under long-term agreements.

Americas Management and Franchising Segment

Adjusted EBITDA increased 16.3% in the fourth quarter of 2012 compared to the
same period in 2011.

RevPAR for comparable Americas full service hotels increased 5.3% in the
fourth quarter of 2012 (5.4% excluding the effect of currency) compared to the
same period in 2011. Occupancy increased 60 basis points and ADR increased
4.4% (4.5% excluding the effect of currency) compared to the same period in
2011.

Group rooms revenue at comparable U.S. full service hotels increased 3.3% in
the fourth quarter of 2012 compared to the same period in 2011. Group room
nights increased 0.4% and group ADR increased 2.9% in the fourth quarter of
2012 compared to the same period in 2011.

Transient rooms revenue at comparable U.S. full service hotels increased 6.9%
in the fourth quarter of 2012 compared to the same period in 2011. Transient
room nights increased 2.1% and transient ADR increased 4.7% in the fourth
quarter of 2012 compared to the same period in 2011.

Revenue from management and franchise fees increased 8.5% in the fourth
quarter of 2012 compared to the same period in 2011.

The following three hotels were added to the portfolio during the fourth
quarter:

  *The LA Hotel Downtown (franchised, 469 rooms): This property is expected
    to be rebranded Hyatt Regency Los Angeles Downtown upon completion of a
    renovation.
  *Hyatt Place Los Angeles/LAX/El Segundo (franchised, 143 rooms)
  *Hyatt Place San Jose/Pinares (managed, 120 rooms)

Three properties were removed from the portfolio during the fourth quarter.

Southeast Asia, China, Australia, South Korea and Japan (ASPAC) Management and
Franchising Segment

Adjusted EBITDA increased 7.1% in the fourth quarter of 2012 compared to the
same period in 2011.

RevPAR for comparable ASPAC hotels increased 3.1% (2.9% excluding the effect
of currency) in the fourth quarter of 2012 compared to the same period in
2011. Occupancy decreased 30 basis points and ADR increased 3.5% (3.3%
excluding the effect of currency) compared to the same period in 2011.

Revenue from management and franchise fees was flat in the fourth quarter of
2012 compared to the same period in 2011.

One property was removed from the portfolio during the fourth quarter.

Europe, Africa, Middle East and Southwest Asia (EAME/SW Asia) Management
Segment

Adjusted EBITDA decreased 36.4% in the fourth quarter of 2012 compared to the
same period in 2011. Adjusted EBITDA was impacted on a year-over-year basis by
a bad debt recovery in the fourth quarter of 2011.

RevPAR for comparable EAME/SW Asia hotels decreased 0.8% (increased 1.1%
excluding the effect of currency) in the fourth quarter of 2012 compared to
the same period in 2011. Occupancy increased 220 basis points and ADR
decreased 4.0% (decreased 2.2% excluding the effect of currency) compared to
the same period in 2011. RevPAR was negatively impacted by lower performance
in markets in the Middle East and in Gulf Cooperation Council countries.

Revenue from management and franchise fees decreased 5.3% in the fourth
quarter of 2012 compared to the same period in 2011. Management and franchise
fees were impacted by the aforementioned market factors.

The following three hotels were added to the portfolio during the fourth
quarter:

  *Park Hyatt Chennai (managed, 201 rooms)
  *Andaz Amsterdam (leased, 122 rooms)
  *Hyatt Place Hampi (managed, 115 rooms)

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses decreased by 7.1% in the fourth
quarter of 2012 compared to the same period in 2011. Adjusted selling,
general, and administrative expenses decreased by 2.6% in the fourth quarter
of 2012 compared to the same period in 2011. See the table on page 8 of the
accompanying schedules for a reconciliation of adjusted selling, general, and
administrative expenses to selling, general, and administrative expenses.

OPENINGS AND FUTURE EXPANSION

Six hotels were added in the fourth quarter of 2012, each of which is listed
above. During the 2012 full fiscal year, the Company opened 22 hotels,
representing 5,384 rooms. Seven hotels, representing 3,064 rooms, were removed
from the portfolio during the 2012 full fiscal year.

The Company expects that a significant number of new properties will be opened
under various Company brands in the future. As of December31, 2012 this
effort was underscored by executed management or franchise contracts for
approximately 200 hotels (or approximately 45,000 rooms) across all brands.
The executed contracts represent potential entry into several new countries
and expansion into many new markets or markets in which the Company is
under-represented. See the table on page 14 of the accompanying schedules for
a breakdown of the executed contract base.

CAPITAL EXPENDITURES

Capital expenditures during the fourth quarter of 2012 totaled $91 million,
categorized as follows:

  *Maintenance: $42 million
  *Enhancements to existing properties: $39 million
  *Investment in new properties: $10 million

Capital expenditures during the 2012 full fiscal year totaled $301 million,
categorized as follows:

  *Maintenance: $106 million
  *Enhancements to existing properties: $153 million
  *Investment in new properties: $42 million

SHARE REPURCHASE

During the fourth quarter, the Company repurchased 2,779,038 shares of Class A
common stock at a weighted average price of $36.34 per share, for an aggregate
purchase price of approximately $101 million. From January 1 through February
8, 2013, the Company repurchased 12,123 shares of Class A common stock at a
weighted average price of $37.95 per share, for an aggregate purchase price of
approximately $0.5 million. The Company has approximately $63 million
remaining under its current share repurchase authorization.

CORPORATE FINANCE

During the quarter, the Company completed the following transactions:

  *Acquired the Hyatt Regency Birmingham, previously managed by the Company,
    for approximately $43 million.
  *Closed on the sale of eight select service hotels with an aggregate of
    1,043 rooms for approximately $87 million. The Company will continue to
    manage these hotels under long-term agreements.
  *Formed a joint venture with Host Hotels & Resorts to develop and operate a
    Hyatt Residence Club in Maui, Hawaii. The Company expects to invest
    approximately $40 million in the vacation ownership property.

Subsequent to the end of the quarter, the Company closed on the sale of three
select service hotels, with an aggregate of 426 rooms, for approximately $36
million.

On December31, 2012, the Company had total debt of approximately $1.2
billion.

On December31, 2012, the Company had cash and cash equivalents, including
investments in highly-rated money market funds and similar investments, of
approximately $413 million and short-term investments of approximately $514
million.

On December31, 2012, the Company had undrawn borrowing availability of
approximately $1.4 billion under its revolving credit facility.

2013 INFORMATION

The Company is providing the following information for the 2013 fiscal year:

  *Adjusted SG&A expense is expected to be approximately $305 million.
  *Capital expenditures are expected to be approximately $300 million,
    including approximately $120 million for investment in new properties,
    such as Grand Hyatt Rio de Janeiro, Hyatt Place Omaha and other
    properties.
  *Depreciation and amortization expense is expected to be approximately $340
    million.
  *Interest expense is expected to be approximately $70 million.
  *The Company expects to open over 30 hotels in 2013.

CONFERENCE CALL INFORMATION

The Company will hold an investor conference call today, February 13, 2013, at
10:30 a.m. CT. The Company requests that questions be submitted via email to
earnings@hyatt.com by 9:00 a.m. CT. Hyatt management will read and respond to
as many submitted questions as possible. All interested persons may listen to
a simultaneous webcast of the conference call, which may be accessed through
the Company's website at http://www.hyatt.com and selecting the Investor
Relations link located at the bottom of the page, or by dialing 617.597.5329,
passcode #56571665, approximately 10 minutes before the scheduled start time.
For those unable to listen to the live broadcast, a replay will be available
from 1:00 p.m. CT on February13, 2013 through midnight on February 20, 2013
by dialing 617.801.6888, passcode #51844304. Additionally, an archive of the
webcast will be available on the Investor Relations website for approximately
90 days.

DEFINITIONS

Adjusted EBITDA

We use the term Adjusted EBITDA throughout this earnings release. Adjusted
EBITDA, as we define it, is a non-GAAP measure. We define consolidated
Adjusted EBITDA as net income attributable to Hyatt Hotels Corporation plus
our pro-rata share of unconsolidated hospitality ventures Adjusted EBITDA
based on our ownership percentage of each venture, adjusted to exclude the
following items:

  *equity earnings (losses) from unconsolidated hospitality ventures;
  *loss on sale of real estate;
  *asset impairments;
  *other income (loss), net;
  *net loss attributable to noncontrolling interests;
  *depreciation and amortization;
  *interest expense; and
  *(provision) benefit for income taxes.

We calculate consolidated Adjusted EBITDA by adding the Adjusted EBITDA of
each of our reportable segments to corporate and other Adjusted EBITDA.

Our Board of Directors and executive management team focus on Adjusted EBITDA
as a key performance and compensation measure both on a segment and on a
consolidated basis. Adjusted EBITDA assists 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
operating performance both on a segment and on a consolidated basis. Our
president and chief executive officer, who is our chief operating decision
maker, also evaluates the performance of each of our reportable segments and
determines how to allocate resources to those segments, in significant part,
by assessing the Adjusted EBITDA of each segment. In addition, the
compensation committee of our Board of Directors determines the annual
variable compensation for certain members of our management based in part on
consolidated Adjusted EBITDA, segment Adjusted EBITDA or some combination of
both.

We believe Adjusted EBITDA is useful to investors because it provides
investors the same information that we use internally for purposes of
assessing our operating performance and making selected compensation
decisions.

Adjusted EBITDA is not a substitute for net income attributable to Hyatt
Hotels Corporation, net income, cash flows from operating activities or any
other measure prescribed by GAAP. There are limitations to using non-GAAP
measures such as Adjusted EBITDA. Although we believe that Adjusted EBITDA can
make an evaluation of our operating performance more consistent because it
removes items that do not reflect our core operations, other companies in our
industry may define Adjusted EBITDA differently than we do. As a result, it
may be difficult to use Adjusted EBITDA or similarly named non-GAAP measures
that other companies may use to compare the performance of those companies to
our performance. Because of these limitations, Adjusted EBITDA should not be
considered as a measure of the income generated by our business or
discretionary cash available to us to invest in the growth of our business.
Our management compensates for these limitations by reference to our GAAP
results and using Adjusted EBITDA supplementally.

Adjusted Selling, General, and Administrative Expense

Adjusted selling, general, and administrative expenses exclude the impact of
expenses related to benefit programs funded through rabbi trusts.

Comparable Owned and Leased Hotel Operating Margin

We define Comparable Owned and Leased Hotel Operating Margin as the difference
between comparable owned and leased hotels revenue and comparable owned and
leased hotels expenses. Comparable owned and leased hotels revenue is
calculated by removing non-comparable hotels revenue from owned and leased
hotels revenue as reported in our condensed consolidated statements of income.
Comparable owned and leased hotel expenses is calculated by removing both
non-comparable hotels expenses and the impact of expenses funded through rabbi
trusts from owned and leased hotel expenses as reported in our condensed
consolidated statements of income.

Comparable Hotels

Comparable systemwide hotels represents all properties we manage or franchise
(including owned and leased properties) and that are operated for the entirety
of the periods being compared and that have not sustained substantial damage,
business interruption or undergone large scale renovations during the periods
being compared or for which comparable results are not available. We may use
variations of comparable systemwide hotels to specifically refer to comparable
systemwide Americas full service or select service hotels for those properties
that we manage or franchise within the Americas management and franchising
segment, comparable systemwide ASPAC full service hotels for those properties
that we manage or franchise within the ASPAC management and franchising
segment, or comparable systemwide EAME/SW Asia full service hotels for those
properties that we manage within the EAME/SW Asia management segment.
Comparable operated hotels is defined the same as Comparable systemwide hotels
with the exception that it is limited to only those hotels we manage or
operate and excludes hotels we franchise. “Comparable owned and leased hotels”
represents all properties we own or lease and that are operated and
consolidated for the entirety of the periods being compared and have not
sustained substantial damage, business interruption or undergone large scale
renovations during the periods being compared or for which comparable results
are not available. Comparable systemwide hotels and comparable owned and
leased hotels are commonly used as a basis of measurement in the industry.
Non-comparable systemwide hotels or Non-comparable owned and leased hotels
represent all hotels that do not meet the respective definition of comparable
as defined above.

Revenue per Available Room (RevPAR)

RevPAR is the product of the average daily rate and the average daily
occupancy percentage. RevPAR does not include non-room revenues, which consist
of ancillary revenues generated by a hotel property, such as food and
beverage, parking, telephone and other guest service revenues. Our management
uses RevPAR to identify trend information with respect to room revenues from
comparable properties and to evaluate hotel performance on a regional and
segment basis. RevPAR is a commonly used performance measure in the industry.

RevPAR changes that are driven predominantly by changes in occupancy have
different implications for overall revenue levels and incremental
profitability than do changes that are driven predominantly by changes in
average room rates. For example, increases in occupancy at a hotel would lead
to increases in room revenues and additional variable operating costs
(including housekeeping services, utilities and room amenity costs), and could
also result in increased ancillary revenues (including food and beverage). In
contrast, changes in average room rates typically have a greater impact on
margins and profitability as there is no substantial effect on variable costs.

Average Daily Rate (ADR)

ADR represents hotel room revenues, divided by total number of rooms sold in a
given period. ADR measures average room price attained by a hotel and ADR
trends provide useful information concerning the pricing environment and the
nature of the customer base of a hotel or group of hotels. ADR is a commonly
used performance measure in the industry, and we use ADR to assess the pricing
levels that we are able to generate by customer group, as changes in rates
have a different effect on overall revenues and incremental profitability than
changes in occupancy, as described above.

Occupancy

Occupancy represents the total number of rooms sold divided by the total
number of rooms available at a hotel or group of hotels. Occupancy measures
the utilization of our hotels' available capacity. Management uses occupancy
to gauge demand at a specific hotel or group of hotels in a given period.
Occupancy levels also help us determine achievable ADR levels as demand for
hotel rooms increases or decreases.

Select service

The term select service includes the brands Hyatt Place and Hyatt House. These
properties have limited food and beverage outlets and do not offer
comprehensive business or banquet facilities but rather are suited to serve
smaller business meetings.

FORWARD-LOOKING STATEMENTS

Forward-Looking Statements in this press release, which are not historical
facts, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements include statements
about our plans, strategies, occupancy and ADR trends, market share, the
number of properties we expect to open in the future, our expected adjusted
SG&A expense, maintenance and enhancement to existing properties capital
expenditures, investments in new properties capital expenditures, depreciation
and amortization expense and interest expense estimates, financial
performance, prospects or future events and involve known and unknown risks
that are difficult to predict. As a result, our actual results, performance or
achievements may differ materially from those expressed or implied by these
forward-looking statements. In some cases, you can identify forward-looking
statements by the use of words such as “may,” “could,” “expect,” “intend,”
“plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,”
“continue,” “likely,” “will,” “would” and variations of these terms and
similar expressions, or the negative of these terms or similar expressions.
Such forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management, are
inherently uncertain. Factors that may cause actual results to differ
materially from current expectations include, among others, general economic
uncertainty in key global markets; the rate and pace of economic recovery
following economic downturns; levels of spending in business and leisure
segments as well as consumer confidence; declines in occupancy and average
daily rate; limited visibility with respect to short and medium-term group
bookings; the impact of hotel renovations; our ability to successfully execute
and implement our organizational realignment and the costs associated with
such organizational realignment; our ability to successfully execute and
implement our common stock repurchase program; loss of key personnel,
including as a result of our organizational realignment; hostilities,
including future terrorist attacks, or fear of hostilities that affect travel;
travel-related accidents; changes in the tastes and preferences of our
customers; relationships with associates and labor unions and changes in labor
law; the financial condition of, and our relationships with, third-party
property owners, franchisees and hospitality venture partners; if our
third-party owners, franchisees or development partners are unable to access
the capital necessary to fund current operations or implement our plans for
growth; risk associated with potential acquisitions and dispositions and the
introduction of new brand concepts; changes in the competitive environment in
our industry and the markets where we operate; outcomes of legal proceedings;
changes in federal, state, local or foreign tax law; foreign exchange rate
fluctuations or currency restructurings; general volatility of the capital
markets; our ability to access the capital markets; and other risks discussed
in the Company's filings with the U.S. Securities and Exchange Commission,
including our Annual Report on Form 10-K, which filings are available from the
SEC. We caution you not to place undue reliance on any forward-looking
statements, which are made as of the date of this press release. We undertake
no obligation to update publicly any of these forward-looking statements to
reflect actual results, new information or future events, changes in
assumptions or changes in other factors affecting forward-looking statements,
except to the extent required by applicable laws. If we update one or more
forward-looking statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking statements.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a proud heritage of making guests feel more than
welcome. Thousands of members of the Hyatt family strive to make a difference
in the lives of the guests they encounter every day by providing authentic
hospitality. The Company's subsidiaries manage, franchise, own and develop
hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt
Regency®, Hyatt Place® and Hyatt House^TM brand names and have locations on
six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses Hyatt Residences^TM and
Hyatt Residence Club^TM. As of December31, 2012, the Company's worldwide
portfolio consisted of 500 properties in 46 countries. For more information,
please visit www.hyatt.com.

                               Tables to follow


Hyatt Hotels Corporation

Table of Contents

Financial Information (unaudited)
    
1.    Consolidated Statements of Income
      Reconciliation of Non-GAAP to GAAP Measure: Adjusted EBITDA to EBITDA
2.    and a Reconciliation of EBITDA to Net Income Attributable to Hyatt
      Hotels Corporation
3.    Reconciliation of Non-GAAP to GAAP Measure: Summary of Special Items -
      Three Months Ended December 31, 2012 and 2011
4.    Reconciliation of Non-GAAP to GAAP Measure: Summary of Special Items -
      Years Ended December 31, 2012 and 2011
5.    Segment Financial Summary
6.    Hotel Chain Statistics - Comparable Locations
7.    Fee Summary
      Reconciliation of Non-GAAP to GAAP Measure: Adjusted Selling, General,
8.    and Administrative Expenses to Selling, General, and Administrative
      Expenses
9.    Reconciliation of Non-GAAP to GAAP Measure: Comparable Owned and Leased
      Hotel Operating Margin to Owned and Leased Hotel Operating Margin
10.   Net Gains and Interest Income from Marketable Securities Held to Fund
      Operating Programs
11.   Properties and Rooms / Units by Geography
12.   Properties and Rooms / Units by Brand
13.   Owned and Leased Mix by Market and Brand
14.   Executed Contracts Base Approximate Mix
      



Page 1

Hyatt Hotels Corporation

Consolidated Statements of Income

For the Three Months and Year Ended December31, 2012 and 2011

(in millions, except per share amounts)

(unaudited)
                                                      
                                   Three Months Ended    Year Ended
                                   December 31,          December 31,
                                   2012      2011       2012       2011
REVENUES:
Owned and leased hotels            $ 517      $ 493      $ 2,021     $ 1,879
Management and franchise fees      80         77         307         288
Other revenues                     19         17         78          66
Other revenues from managed        384       403       1,543      1,465   
properties (a)
Total revenues                     1,000      990        3,949       3,698
DIRECT AND SELLING, GENERAL, AND
ADMINISTRATIVE EXPENSES:
Owned and leased hotels            401        382        1,549       1,468
Depreciation and amortization      90         87         353         305
Other direct costs                 8          6          29          24
Selling, general, and              78         84         316         283
administrative
Other costs from managed           384       403       1,543      1,465   
properties (a)
Direct and selling, general, and   961        962        3,790       3,545
administrative expenses
Net gains and interest income
from marketable securities held    3          9          21          2
to fund operating programs
Equity earnings (losses) from
unconsolidated hospitality         (16    )   (2     )   (22     )   4
ventures
Interest expense                   (17    )   (15    )   (70     )   (57     )
Losses on sales of real estate     —          —          —           (2      )
Asset impairments                  —          (4     )   —           (6      )
Other income (loss), net           (5     )   8         7          (11     )
INCOME BEFORE INCOME TAXES         4          24         95          83
(PROVISION) BENEFIT FOR INCOME     11        28        (8      )   28      
TAXES
NET INCOME                         15         52         87          111
NET LOSS ATTRIBUTABLE TO           1         —         1          2       
NONCONTROLLING INTERESTS
NET INCOME ATTRIBUTABLE TO HYATT   $ 16      $ 52      $ 88       $ 113   
HOTELS CORPORATION
EARNINGS PER SHARE - Basic
Net income                         $ 0.09     $ 0.31     $ 0.53      $ 0.66
Net income attributable to Hyatt   $ 0.09     $ 0.31     $ 0.53      $ 0.67
Hotels Corporation
EARNINGS PER SHARE - Diluted
Net income                         $ 0.09     $ 0.31     $ 0.53      $ 0.66
Net income attributable to Hyatt   $ 0.09     $ 0.31     $ 0.53      $ 0.67
Hotels Corporation
Basic share counts                 163.4      165.5      165.0       168.8
Diluted share counts               163.8      165.7      165.4       169.2

(a) The Company includes in total revenues the reimbursement of costs incurred
on behalf of managed hotel property owners with no added margin and includes
in direct and selling, general, and administrative expenses these reimbursed
costs. These costs relate primarily to payroll costs where the Company is the
employer.



Page 2
Hyatt Hotels Corporation
Reconciliation of Non-GAAP to GAAP Measure: Adjusted EBITDA to EBITDA and a
Reconciliation of EBITDA to Net Income Attributable to Hyatt Hotels
Corporation
The table below provides a reconciliation of consolidated Adjusted EBITDA to
EBITDA and a reconciliation of EBITDA to net income attributable to Hyatt
Hotels Corporation. Adjusted EBITDA, as the Company defines it, is a non-GAAP
financial measure. See Definitions for our definition of Adjusted EBITDA and
why we present it.
(in millions)

                                       Three Months Ended  Year Ended
                                        December 31,         December 31,
                                        2012      2011      2012     2011
Adjusted EBITDA                         $  147     $ 143     $ 606     $ 538
Equity earnings (losses) from           (16    )   (2    )   (22   )   4
unconsolidated hospitality ventures
Loss on sale of real estate             —          —         —         (2    )
Asset impairments                       —          (4    )   —         (6    )
Other income (loss), net                (5     )   8         7         (11   )
Net loss attributable to                1          —         1         2
noncontrolling interests
Pro rata share of unconsolidated        (15    )   (19   )   (73   )   (78   )
hospitality ventures Adjusted EBITDA
EBITDA                                  $  112     $ 126     $ 519     $ 447
Depreciation and amortization           (90    )   (87   )   (353  )   (305  )
Interest expense                        (17    )   (15   )   (70   )   (57   )
(Provision) benefit for income taxes    11        28       (8    )   28    
Net income attributable to Hyatt        $  16     $ 52     $ 88     $ 113 
Hotels Corporation
                                                                             
                                                                             

Page 3

Hyatt Hotels Corporation

Summary of Special Items - Three Months Ended December31, 2012 and 2011

Reconciliation of Non-GAAP to GAAP Measure: The following table represents a
reconciliation of net income attributable to Hyatt Hotels Corporation,
adjusted for special items, to net income attributable to Hyatt Hotels
Corporation presented for the three months ended December31, 2012 and
December31, 2011, respectively.

(in millions, except per share amounts)
                                                
                             Location on
                             Consolidated           Three Months Ended
                             Statements of          December 31,
                             Income
                                                    2012          2011
Net income attributable
to Hyatt Hotels                                     $  16         $  52    
Corporation
Earnings per share                                  $  0.09       $  0.31  
Special items
Asset impairments (a)        Asset impairments      —              3
                             Equity earnings
Unconsolidated               (losses) from
hospitality ventures         unconsolidated         18             1
impairment (b)               hospitality
                             ventures
(Gains) losses on other      Other income
marketable securities        (loss), net            —              (6       )
(c)
Impairment of                Other income
held-to-maturity             (loss), net            4              —
investment (d)
Loss on sublease             Other income           —              2
agreement (e)                (loss), net
Realignment costs (f)        Other income           2              —
                             (loss), net
Provisions on hotel          Other income           4              —
loans (g)                    (loss), net
Transaction costs (h)        Other income           1              1
                             (loss), net
Income from cost method      Other income           (1       )     —        
investments (i)              (loss), net
Total special items -                               28             1
pre-tax
Provision for income         (Provision) benefit    (11      )     (1       )
taxes for special items      for income taxes
Total special items -                               17            —        
after-tax
Special items impact per                            $  0.11       $  —     
share
Net income attributable
to Hyatt Hotels                                     $  33         $  52    
Corporation, adjusted
for special items
Earnings per share,
adjusted for special                                $  0.20       $  0.31  
items

(a) Asset impairments - During the fourth quarter of 2011, we identified and
recorded $3 million of asset impairment charges. The charges relate to
inventory in our vacation ownership business and are net of $1 million of
noncontrolling interest.

(b) Unconsolidated hospitality ventures impairment - During the fourth
quarters of 2012 and 2011, we recorded $18 million and $1 million,
respectively, in impairment charges, of which $0 and $1 million, respectively,
related to vacation ownership ventures.

(c) (Gains) losses on other marketable securities - Fourth quarter 2011
activity represents (gains) losses on investments in trading securities not
used to fund operating programs.

(d) Impairment of held-to-maturity investment - During the fourth quarter of
2012, we recorded a $4 million impairment charge on a held-to-maturity
investment.

(e) Loss on sublease agreement - During the fourth quarter of 2011, we
recorded a $2 million loss on a sublease agreement based on terms of our
existing master lease.

(f) Realignment costs - Represents costs incurred as part of our Company's
realignment.

(g) Provisions on hotel loans - In the fourth quarter of 2012, we recorded a
$4 million provision related to a pre-opening loan based on our assessment of
collectability.

(h) Transaction costs - In the fourth quarter of 2012, we incurred $1 million
in transaction costs to acquire the Hyatt Regency Birmingham. In the fourth
quarter of 2011, we incurred $1 million in transaction costs to acquire hotels
and other assets from LodgeWorks, L.P. and its private equity partners.

(i) Income from cost method investments - During the fourth quarter of 2012,
we recorded $1 million of income primarily consisting of amounts received from
certain non-hospitality related real estate investment companies.

Page 4

Hyatt Hotels Corporation

Summary of Special Items - Year Ended December31, 2012 and 2011

Reconciliation of Non-GAAP to GAAP Measure: The following table represents a
reconciliation of net income attributable to Hyatt Hotels Corporation,
adjusted for special items, to net income attributable to Hyatt Hotels
Corporation presented for the year ended December31, 2012 and 2011,
respectively.

(in millions, except per share amounts)
                                                
                             Location on
                             Consolidated           Year Ended
                             Statements of          December 31,
                             Income
                                                    2012          2011
Net income attributable
to Hyatt Hotels                                     $  88         $  113   
Corporation
Earnings per share                                  $  0.53       $  0.67  
Special items
Asset impairments (a)        Asset impairments      —              5
                             Equity earnings
Unconsolidated               (losses) from
hospitality ventures         unconsolidated         19             1
impairment (b)               hospitality
                             ventures
Loss on sale of real         Other income           —              2
estate (c)                   (loss), net
(Gains) losses on other      Other income
marketable securities        (loss), net            (17      )     13
(d)
Impairment of                Other income
held-to-maturity             (loss), net            4              —
investment (e)
(Gain) loss on sublease      Other income           (2       )     7
agreement (f)                (loss), net
Realignment costs (g)        Other income           21             —
                             (loss), net
Provisions on hotel          Other income           4              4
loans (h)                    (loss), net
Transaction costs (i)        Other income           2              5
                             (loss), net
Income from cost method      Other income           (1       )     —        
investments (j)              (loss), net
Total special items -                               30             37
pre-tax
Provision for income         (Provision) benefit    (10      )     (14      )
taxes for special items      for income taxes
Total special items -                               20            23       
after-tax
Special items impact per                            $  0.12       $  0.13  
share
Net income attributable
to Hyatt Hotels                                     $  108        $  136   
Corporation, adjusted
for special items
Earnings per share,
adjusted for special                                $  0.65       $  0.80  
items
                                                                            

(a) Asset impairments - During the year ended December 31, 2011, we identified
and recorded $5 million of asset impairment charges. The 2011 charge includes
a $4 million impairment taken on inventory at one of our vacation ownership
properties, which is net of $1 million in noncontrolling interest.

(b) Unconsolidated hospitality ventures impairment - During 2012 and 2011, we
recorded impairment charges of $19 million and $1 million, respectively, of
which $1 million in each year relates to vacation ownership ventures.

(c) Loss on sale of real estate - During the year ended December 31, 2011, we
sold eight hotels from our owned hotel portfolio for a loss of $2 million.

(d) (Gains) losses on other marketable securities - Activity represents
(gains) losses on investments in trading securities not used to fund operating
programs.

(e) Impairment of held-to-maturity investment - During the year ended December
31, 2012, we recorded a $4 million impairment charge on a held-to-maturity
investment.

(f) (Gain) loss on sublease agreement - During the year ended December31,
2012, we recorded a $2 million gain due to the termination of a sublease.
During the year ended December31, 2011, we recorded a $7 million loss on two
sublease agreements based on terms of our existing master lease. One of these
sublease agreements is with a related party.

(g) Realignment costs - Represents costs incurred as part of our Company's
realignment.

(h) Provisions on hotel loans - During 2012, we recorded a $4 million
provision related to a pre-opening loan based on our assessment of
collectability. During 2011, we recorded $4 million in provisions related to
certain hotel developer loans based on our assessment of their collectability.

(i) Transaction costs - In the year ended December31, 2012, we incurred $2
million in transaction costs to acquire the Hyatt Regency Mexico City and the
Hyatt Regency Birmingham. In the year ended December31, 2011, we incurred $5
million in transaction costs to acquire hotels and other assets from
LodgeWorks, L.P. and its private equity partners.

(j) Income from cost method investments - During 2012, we recorded $1 million
of income primarily consisting of amounts received from certain
non-hospitality related real estate investment companies.

Page 5

Hyatt Hotels Corporation

Segment Financial Summary

(in millions)
                                                                                      
                 Three Months Ended                        Year Ended
                 December 31,                              December 31,
                 2012       2011      Change   Change     2012       2011        Change    Change
                                       ($)      (%)                                ($)       (%)
Revenue
Owned and        $ 517       $ 493     $ 24     4.9   %    $ 2,021     $ 1,879     $ 142     7.6   %
leased
Americas         64          59        5        8.5   %    256         223         33        14.8  %
ASPAC            24          24        —        —          86          81          5         6.2   %
EAME/SW Asia     18         19       (1   )   (5.3  )%   63         67         (4    )   (6.0  )%
Total
management and   106         102       4        3.9   %    405         371         34        9.2   %
franchising
Corporate and    19          17        2        11.8  %    78          66          12        18.2  %
other
Other revenues
from managed     384         403       (19  )   (4.7  )%   1,543       1,465       78        5.3   %
properties
Eliminations     (26     )   (25   )   (1   )   (4.0  )%   (98     )   (83     )   (15   )   (18.1 )%
Total revenues   $ 1,000    $ 990    $ 10    1.0   %    $ 3,949    $ 3,698    $ 251    6.8   %
                                                                                             
Adjusted
EBITDA
Owned and        $ 87        $ 86      $ 1      1.2   %    $ 369       $ 322       $ 47      14.6  %
leased
Pro rata share
of
unconsolidated   15         19       (4   )   (21.1 )%   73         78         (5    )   (6.4  )%
hospitality
ventures
Total owned      102         105       (3   )   (2.9  )%   442         400         42        10.5  %
and leased
Americas
management and   50          43        7        16.3  %    199         167         32        19.2  %
franchising
ASPAC
management and   15          14        1        7.1   %    46          40          6         15.0  %
franchising
EAME/SW Asia     7           11        (4   )   (36.4 )%   26          34          (8    )   (23.5 )%
management
Corporate and    (27     )   (30   )   3       10.0  %    (107    )   (103    )   (4    )   (3.9  )%
other
Adjusted         $ 147      $ 143    $ 4     2.8   %    $ 606      $ 538      $ 68     12.6  %
EBITDA
                                                                                                   
                                                                                                   

Page 6

Hyatt Hotels
Corporation

Hotel Chain
Statistics

Comparable
Locations
                                                                                    
                Three Months Ended                               Year Ended
                December 31,                                     December 31,
                                                      Change                                           Change
                2012        2011         Change      (in        2012        2011         Change      (in
                                                      constant                                         constant
                                                      $)                                               $)
Owned and leased hotels
(# hotels) (a)
  Full service
  (39)
    ADR         $ 211.42     $ 204.01     3.6  %      3.7   %    $ 203.70     $ 199.44     2.1  %      3.3   %
    Occupancy    71.2   %    68.8   %   2.4  %  pts             74.5   %    71.1   %   3.4  %  pts
    RevPAR      $ 150.52     $ 140.36     7.2  %      7.3   %    $ 151.80     $ 141.74     7.1  %      8.3   %
                                                                                                       
  Select service
  (38)
    ADR         $ 96.65      $ 90.11      7.2  %      7.2   %    $ 97.16      $ 91.21      6.5  %      6.5   %
    Occupancy    74.4   %    72.8   %   1.6  %  pts             77.6   %    77.5   %   0.1  %  pts
    RevPAR      $ 71.89      $ 65.64      9.5  %      9.5   %    $ 75.37      $ 70.70      6.6  %      6.6   %
                                                                                                       
  Comparable
  owned and
  leased hotels
  (77)
    ADR         $ 185.68     $ 178.19     4.2  %      4.2   %    $ 179.86     $ 174.36     3.2  %      4.2   %
    Occupancy    71.9   %    69.7   %   2.2  %  pts             75.2   %    72.5   %   2.7  %  pts
    RevPAR      $ 133.47     $ 124.16     7.5  %      7.5   %    $ 135.23     $ 126.35     7.0  %      8.1   %
                                                                                                       
Managed and franchised hotels (# hotels; includes owned and leased hotels)
  Americas
    Full service
    (133)
    ADR         $ 173.46     $ 166.21     4.4  %      4.5   %    $ 171.80     $ 164.87     4.2  %      4.6   %
    Occupancy    68.2   %    67.6   %   0.6  %  pts             72.9   %    71.3   %   1.6  %  pts
    RevPAR      $ 118.27     $ 112.28     5.3  %      5.4   %    $ 125.23     $ 117.61     6.5  %      6.8   %
                                                                                                       
    Select
    service (195)
    ADR         $ 101.08     $ 95.74      5.6  %      5.6   %    $ 101.89     $ 97.02      5.0  %      5.0   %
    Occupancy    71.7   %    69.7   %   2.0  %  pts             74.8   %    73.4   %   1.4  %  pts
    RevPAR      $ 72.51      $ 66.70      8.7  %      8.7   %    $ 76.22      $ 71.24      7.0  %      7.0   %
                                                                                                       
  ASPAC
    Full service
    hotels (45)
    ADR         $ 245.75     $ 237.47     3.5  %      3.3   %    $ 236.79     $ 226.43     4.6  %      4.8   %
    Occupancy    71.6   %    71.9   %   (0.3 )% pts             69.6   %    68.2   %   1.4  %  pts
    RevPAR      $ 176.00     $ 170.72     3.1  %      2.9   %    $ 164.77     $ 154.37     6.7  %      6.9   %
                                                                                                       
  EAME/SW Asia
    Full service
    hotels (44)
    ADR         $ 243.70     $ 253.89     (4.0 )%     (2.2  )%   $ 241.43     $ 252.90     (4.5 )%     0.8   %
    Occupancy    65.3   %    63.1   %   2.2  %  pts             61.9   %    60.8   %   1.1  %  pts
    RevPAR      $ 159.07     $ 160.30     (0.8 )%     1.1   %    $ 149.34     $ 153.86     (2.9 )%     2.5   %
                                                                                                       
  Comparable
  systemwide
  hotels (417)
    ADR         $ 175.90     $ 171.12     2.8  %      3.1   %    $ 172.41     $ 167.13     3.2  %      4.1   %
    Occupancy    69.1   %    68.2   %   0.9  %  pts             71.7   %    70.2   %   1.5  %  pts
    RevPAR      $ 121.63     $ 116.73     4.2  %      4.5   %    $ 123.56     $ 117.35     5.3  %      6.3   %

(a) Owned and leased hotel figures do not include unconsolidated hospitality
ventures.

Page 7

Hyatt Hotels Corporation

Fee Summary

(in millions)
                                                                        
             Three Months                         Year Ended
             Ended                                December 31,
             December 31,
             2012    2011     Change   Change    2012     2011      Change   Change
                               ($)      (%)                           ($)      (%)
Fees
Base
management   $ 39     $ 37     $  2     5.4  %    $ 154     $ 144     $ 10     6.9  %
fees
Incentive
management   27       28       (1   )   (3.6 )%   97        97        —        —
fees
Franchise
fees and     14      12      2       16.7 %    56       47       9       19.1 %
other
revenue
Total fees   $ 80    $ 77    $  3    3.9  %    $ 307    $ 288    $ 19    6.6  %
                                                                                    
                                                                                    


Page 8
Hyatt Hotels Corporation
Reconciliation of Non-GAAP to GAAP Measure: Adjusted Selling, General, and
Administrative Expenses to Selling, General, and Administrative Expenses
Results of operations as presented on consolidated statements of income
include the impact of expenses recognized with respect to employee benefit
programs funded through rabbi trusts. Certain of these expenses are recognized
in selling, general, and administrative expenses and are completely offset by
the corresponding net gains and interest income from marketable securities
held to fund operating programs, thus having no net impact to our earnings.
Below is a reconciliation of this account excluding the impact of our rabbi
trust investments.
(in millions)

                 Three Months                          Year Ended
                Ended                              December 31,              
                 December 31,
                 2012    2011     Change   Change     2012     2011      Change   Change
                                   ($)      (%)                            ($)      (%)
Adjusted
selling,
general, and     $ 76     $ 78     $ (2 )   (2.6  )%   $ 303     $ 284     $ 19     6.7     %
administrative
expenses (a)
Rabbi trust      2       6       (4   )   (66.7 )%   13       (1    )   14      1,400.0 %
impact
Selling,
general and      $ 78    $ 84    $ (6 )   (7.1  )%   $ 316    $ 283    $ 33    11.7    %
administrative
expenses
                                                                                            

(a) Segment breakdown for adjusted selling, general, and administrative
expenses.

                                                                             
                 Three Months                          Year Ended
                 Ended                                 December 31,
                 December 31,
                 2012    2011     Change   Change     2012     2011      Change   Change
                                   ($)      (%)                            ($)      (%)
Americas
management and   $ 14     $ 16     $ (2 )   (12.5 )%   $ 57      $ 55      $ 2      3.6  %
franchising
ASPAC
management and   9        10       (1   )   (10.0 )%   40        41        (1   )   (2.4 )%
franchising
EAME/SW Asia     10       8        2        25.0  %    37        33        4        12.1 %
management
Owned and        4        3        1        33.3  %    12        10        2        20.0 %
leased
Corporate and    39      41      (2   )   (4.9  )%   157      145      12      8.3  %
other (1)
Adjusted
selling,
general, and     $ 76    $ 78    $ (2 )   (2.6  )%   $ 303    $ 284    $ 19    6.7  %
administrative
expenses
                                                                                         

(1) Corporate and other includes vacation ownership expenses of $8 million and
$7 million for the three months ended December31, 2012 and 2011,
respectively, and $31 million and $27 million for the year ended December31,
2012 and 2011, respectively.



Page 9
Hyatt Hotels Corporation
Reconciliation of Non-GAAP to GAAP Measure: Comparable Owned and Leased Hotel
Operating Margin to Owned and Leased Hotel Operating Margin
Below is a breakdown of consolidated owned and leased hotels revenues and
expenses, as used in calculating comparable owned and leased hotel operating
margin percentages. Results of operations as presented on consolidated
statements of income include the impact of expenses recognized with respect to
employee benefit programs funded through rabbi trusts. Certain of these
expenses are recognized in owned and leased hotels expenses and are completely
offset by the corresponding net gains and interest income from marketable
securities held to fund operating programs, thus having no net impact to our
earnings. Below is a reconciliation of this account excluding the impact of
our rabbi trusts and excluding the impact of non-comparable hotels.
(in millions)

                 Three Months                             Year Ended
                Ended                                 December 31,                   
                 December 31,
                 2012     2011      Change   Change      2012       2011        Change    Change
                                     ($)      (%)                                 ($)       (%)
Revenue
Comparable
owned and        $ 463     $ 450     $ 13     2.9    %    $ 1,819     $ 1,746     $ 73      4.2   %
leased hotels
Non-comparable   54       43       11      25.6   %    202        133        69       51.9  %
hotels
Owned and
leased hotels    $ 517    $ 493    $ 24    4.9    %    $ 2,021    $ 1,879    $ 142    7.6   %
revenue
                                                                                            
Expenses
Comparable
owned and        $ 363     $ 348     $ 15     4.3    %    $ 1,414     $ 1,363     $ 51      3.7   %
leased hotels
Non-comparable   38        32        6        18.8   %    130         106         24        22.6  %
hotels
Rabbi trust      —        2        (2   )   (100.0 )%   5          (1      )   6        600.0 %
Owned and
leased hotels    $ 401    $ 382    $ 19    5.0    %    $ 1,549    $ 1,468    $ 81     5.5   %
expense
                                                                                            
Owned and
leased hotel
operating        22.4  %   22.5  %            (0.1   )%   23.4    %   21.9    %             1.5   %
margin
percentage
                                                                                            
Comparable
owned and
leased hotel     21.6  %   22.7  %            (1.1   )%   22.3    %   21.9    %             0.4   %
operating
margin
percentage
                                                                                                  
                                                                                                  

Page 10
Hyatt Hotels Corporation
Net gains and interest income from marketable securities held to fund
operating programs
The table below provides a reconciliation of net gains and interest income
from marketable securities held to fund operating programs, all of which are
completely offset within other line items of our consolidated statements of
income, thus having no net impact to our earnings. The gains or losses on
securities held in rabbi trusts are offset to our owned and leased hotels
expense for our hotel staff and selling, general, and administrative expenses
for our corporate staff and personnel supporting our business segments. The
gains or losses on securities held to fund our Hyatt Gold Passport program for
our owned and leased hotels are offset by corresponding changes to our owned
and leased hotel revenues. The table below shows the amounts recorded to the
respective offsetting account.
(in millions)

                 Three Months                         Year Ended
                Ended                             December 31,            
                 December 31,
                 2012   2011    Change   Change      2012    2011     Change   Change (%)
                                 ($)      (%)                           ($)
Rabbi trust
impact
allocated to
selling,         $ 2     $ 6     $ (4 )   (66.7  )%   $ 13     $ (1 )   $ 14     1,400.0 %
general, and
administrative
expenses
Rabbi trust
impact
allocated to     —       2       (2   )   (100.0 )%   5        (1   )   6        600.0   %
owned and
leased hotels
expense
Net gains and
interest
income from
marketable
securities
held to fund
our Gold         1      1      —       —          3       4       (1   )   (25.0   )%
Passport
program
allocated to
owned and
leased hotels
revenue
Net gains and
interest
income from
marketable       $ 3    $ 9    $ (6 )   (66.7  )%   $ 21    $ 2     $ 19    950.0   %
securities
held to fund
operating
programs
                                                                                         
                                                                                         

Page 11

Hyatt Hotels Corporation

Properties and Rooms / Units by Geography
                                                                                                                    
                December 31, 2012          September 30, 2012         December 31, 2011          QTD Change                 YTD Change
                Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units
Owned and leased hotels (a)
    Full service hotels
    United      31           14,536        31           14,536        31           14,528        0            0             0            8
    States
    Other       4            2,102         4            2,103         3            1,347         0            (1       )    1            755
    Americas
    ASPAC       1            601           1            601           1            601           0            0             0            0
    EAME/SW     11           2,441         9            2,002         9            2,002         2            439           2            439
    Asia
    Select
    service
         United 56          7,669        64          8,712        64          8,712        (8    )      (1,043   )    (8    )      (1,043   )
         States
Total owned
and leased      103         27,349       109         27,954       108         27,190       (6    )      (605     )    (5    )      159      
hotels
                                                                                                                                                  

Managed and franchised hotels (includes owned and leased hotels)

              December 31, 2012         September 30, 2012        December 31, 2011         QTD Change                YTD Change
                  Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units
Americas
    Full service hotels
    United
    States        104          54,722        106          56,015        107          56,507        (2    )      (1,293   )    (3    )      (1,785   )
    Managed
    Other
    Americas      15           5,802         16           6,153         15           5,397         (1    )      (351     )    0            405
    Managed
    Franchised    24           7,515         23           7,047         20           6,046         1           468          4           1,469    
    Subtotal      143          68,039        145          69,215        142          67,950        (2    )      (1,176   )    1            89
                                                                                                                                           
    Select service hotels
    United
    States        96           12,929        95           12,781        95           12,781        1            148           1            148
    Managed
    Other
    Americas      1            120           0            0             0            0             1            120           1            120
    Managed
    Franchised    128          16,774        128          16,779        120          15,247        0           (5    )      8           1,527    
    Subtotal      225          29,823        223          29,560        215          28,028        2            263           10           1,795
                                                                                                                                           
ASPAC
    Full service hotels
    ASPAC         51           20,016        52           20,250        51           19,993        (1    )      (234     )    0            23
    Managed
    ASPAC         2            988           2            988           2            988           0           0            0           0        
    Franchised
    Subtotal      53           21,004        54           21,238        53           20,981        (1    )      (234     )    0            23
                                                                                                                                           
EAME/SW Asia
    Full service hotels
    EAME          33           8,084         32           7,964         32           7,961         1            120           1            123
    Managed
    SW Asia       20           6,014         19           5,822         18           5,614         1           192          2           400      
    Managed
    Subtotal      53           14,098        51           13,786        50           13,575        2            312           3            523
                                                                                                                                           
    Select service hotels
    SW Asia       1            115           0            0             0            0             1           115          1           115      
    Managed
    Subtotal      1            115           0            0             0            0             1            115           1            115
                                                                                                                                           
Total managed
and franchised    475          133,079       473          133,799       460          130,534       2           (720     )    15          2,545    
hotels
                                                                                                                                           
    Vacation      15           963           15           963           15           963           0            0             0            0
    ownership
    Residential   10           1,102         8            1,230         8            1,230         2            (128     )    2            (128     )
                                                                                                                                 
Total
properties and    500          135,144       496          135,992       483          132,727       4           (848     )    17          2,417    
rooms/units

(a) Owned and leased hotel figures do not include unconsolidated hospitality
ventures.



Page 12

Hyatt Hotels Corporation

Properties and Rooms / Units by Brand
                                                                                                                    
              December 31, 2012          September 30, 2012         December 31, 2011          QTD Change                 YTD Change
Brand         Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units   Properties  Rooms/Units
Park Hyatt    30           6,014         29           5,815         27           5,399         1            199           3            615
Andaz         9            1,823         8            1,701         6            1,408         1            122           3            415
Hyatt         28           6,948         29           7,478         26           6,010         (1    )      (530    )     2            938
Grand Hyatt   38           21,515        38           21,505        37           21,101        0            10            1            414
Hyatt         144          66,841        146          67,740        149          68,588        (2    )      (899    )     (5    )      (1,747   )
Regency
Hyatt Place   172          22,335        169          21,957        162          20,573        3            378           10           1,762
Hyatt House   54           7,603         54           7,603         53           7,455         0            0             1            148
Vacation
Ownership     25           2,065         23           2,193         23           2,193         2           (128    )     2           (128     )
and
Residential
Total         500          135,144       496          135,992       483          132,727       4           (848    )     17          2,417    
                                                                                                                                                
                                                                                                                                                

Page 13

Hyatt Hotels Corporation

Owned and Leased Mix by Market and Brand ^(a)
                                                                  
Owned and Leased Adjusted EBITDA Mix
by Market
                     
            % of 2012                    % of 2012   Top 5            % of
Segment     Earnings    Top 10 US        Earnings    International    2012
            ^(b)        Markets ^(c)     ^(b)        Markets          Earnings
                                                                      ^(b)
Americas    79%         New York, NY     11%         Korea            5%
EAME/SW     16%         Atlanta, GA      5%          Switzerland      5%
Asia
                        San
ASPAC       5%          Francisco/San    4%          Canada           5%
                        Mateo, CA
                        San Jose-Santa   4%          United Kingdom   4%
                        Cruz, CA
                        Phoenix, AZ      3%          Azerbaijan       3%
                        San Antonio,     2%
                        TX
                        Orlando, FL      2%
                        Baltimore, MD    2%
                        Los
                        Angeles-Long     2%
                        Beach, CA
                        Washington,      2%                           
                        DC-MD-VA
                        Total Top 10     37%         Total Top 5      22%
                       Other U.S.       32%         Other            9%
                                                     International
Total       100%        Total U.S.       69%         Total            31%
                                                     International
                                                                      
                                                            

Owned and Leased Adjusted EBITDA Mix by Brand
                               
Brand                            % of 2012
                                 Earnings ^(b)
Park Hyatt, Andaz, Grand Hyatt   39%
Hyatt Regency, Hyatt             41%
Hyatt Place, Hyatt House         20%
Total                            100%
                                 

(a) This exhibit is expected to be provided in conjunction with Q4 earnings in
subsequent years.

(b) Earnings represent 2012 owned and leased Adjusted EBITDA of $369 million.

(c) Markets are defined according to Smith Travel Research market definitions.

                                     
Page 14

Hyatt Hotels Corporation

Executed Contracts Base Approximate Mix ^(a)

(Total executed contracts base: approximately 200 hotels, 45,000 rooms)
                                          
                                          As of December 31, 2012
                                          Approx. Hotels      Approx. Rooms
Region
Americas                                  75                   14,000
ASPAC                                     55                   15,000
EAME/SW Asia                              70                   16,000
Total                                     200                  45,000
                                                               
Market
U.S.                                      60                   10,000
China                                     40                   13,000
India                                     50                   10,000
Other                                     50                   12,000
Total                                     200                  45,000
                                                               
Brand
Park Hyatt, Andaz, Grand Hyatt            40                   11,000
Hyatt Regency, Hyatt                      65                   19,000
Hyatt Place, Hyatt House                  95                   15,000
Total                                     200                  45,000
                                                               
Ownership / Contract Type
Owned, Leased and Unconsolidated          15                   3,000
Hospitality Ventures
Managed                                   140                  34,000
Franchised                                45                   8,000
Total                                     200                  45,000
                                                               
(a) This exhibit is expected to be provided in conjunction with Q4 earnings in
subsequent years.

Contact:

Investors:
Hyatt Hotels Corporation
Atish Shah, 312.780.5427
atish.shah@hyatt.com
or
Media:
Hyatt Hotels Corporation
Farley Kern, 312.780.5506
farley.kern@hyatt.com
 
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