Hyatt Hotels — May 1, 2025 release

2 Adjusted EBITDA outlook growth excludes the $80 million contribution from sold assets in 2024. Refer to the tables on schedule A-9 for further details. • Our outlook for system-wide RevPAR implies balance of year growth of 0% at the low end of our range and 2% at the high end of our range, and reflects a continuation of booking trends seen during the past four weeks. • Net income outlook projected year over year decline is driven by 2024 gains on sale of real estate that are not expected to repeat at the same levels in 2025. • Adjusted EBITDA outlook is projected between $1,080 million - $1,135 million, growing between 6% to 12% compared to the full year 2024 after adjusting for assets sold in 2024. • Adjusted Free Cash Flow growth compared to full year 2024 is impacted by elevated levels of interest expense and cash taxes. • While the Company is not providing an outlook for capital returns to shareholders at this time due to the planned Playa Hotels Acquisition, Hyatt remains committed to its capital allocation strategy including returning capital to shareholders through a combination of quarterly dividends and share repurchases. No disposition or acquisition activity beyond what has been completed as of the date of this release has been included in the 2025 Outlook. Our 2025 Outlook does not account for the planned Playa Hotels Acquisition, however, our Adjusted Free Cash Flow excludes certain costs associated with the Playa Hotels Acquisition. The Company's 2025