• Hyatt Hotels average gross margin for 2023 was 20%, a 1.21% decline from 2022.
• Hyatt Hotels average gross margin for 2022 was 19.76%, a 331.44% increase from 2021.
• Hyatt Hotels average gross margin for 2021 was 4.58%, a 54.43% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.