• Hyatt Hotels average gross margin for 2023 was 20.61%, a 3.52% decline from 2022.
• Hyatt Hotels average gross margin for 2022 was 19.91%, a 334.72% 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.