HYATT HOTELS CORP, 10-Q filed on 8/9/2022
Quarterly Report
v3.22.2
Cover Page - shares
 6 Months Ended
Jun. 30, 2022
Aug. 02, 2022
Document Information    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2022  
Document Transition Report false  
Entity File Number 001-34521  
Entity Registrant Name HYATT HOTELS CORP  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 20-1480589  
Entity Address, Address Line One 150 North Riverside Plaza  
Entity Address, Address Line Two 8th Floor  
Entity Address, City or Town Chicago  
Entity Address, State or Province IL  
Entity Address, Postal Zip Code 60606  
City Area Code 312  
Local Phone Number 750-1234  
Title of 12(b) Security Class A Common Stock, $0.01 par value  
Trading Symbol H  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001468174  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Common Class A    
Document Information    
Entity Common Stock, Shares Outstanding   50,114,475
Common Class B    
Document Information    
Entity Common Stock, Shares Outstanding   59,017,749
v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Total revenues $ 1,483 $ 663 $ 2,762 $ 1,101
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:        
Depreciation and amortization 105 74 224 148
Other direct costs 69 24 136 47
Selling, general, and administrative 76 86 187 181
Direct and selling, general, and administrative expenses 1,313 733 2,570 1,326
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (46) 24 (77) 36
Equity earnings (losses) from unconsolidated hospitality ventures 1 (34) (8) 20
Interest expense (38) (42) (78) (83)
Gains on sales of real estate 251 105 251 105
Asset impairments (7) (2) (10) (2)
Other income (loss), net (19) 25 (29) 37
INCOME (LOSS) BEFORE INCOME TAXES 312 6 241 (112)
PROVISION FOR INCOME TAXES (106) (15) (108) (201)
NET INCOME (LOSS) 206 (9) 133 (313)
NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION $ 206 $ (9) $ 133 $ (313)
EARNINGS (LOSSES) PER SHARE—Basic        
Net income (loss) (in dollars per share) $ 1.88 $ (0.08) $ 1.21 $ (3.07)
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share) 1.88 (0.08) 1.21 (3.07)
EARNINGS (LOSSES) PER SHARE—Diluted        
Net income (loss) (in dollars per share) 1.85 (0.08) 1.19 (3.07)
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share) $ 1.85 $ (0.08) $ 1.19 $ (3.07)
Owned and leased hotels        
REVENUES:        
Total revenues $ 331 $ 191 $ 602 $ 295
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:        
Costs of goods and services sold 229 174 439 298
Net management, franchise, and other fees        
REVENUES:        
Total revenues 195 84 340 139
Management, franchise, and other fees        
REVENUES:        
Total revenues 204 93 358 156
Contra revenue        
REVENUES:        
Total revenues (9) (9) (18) (17)
Distribution and destination management        
REVENUES:        
Total revenues 256 0 502 0
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:        
Costs of goods and services sold 206 0 400 0
Other revenues        
REVENUES:        
Total revenues 61 22 138 41
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
REVENUES:        
Total revenues 640 366 1,180 626
Costs incurred on behalf of managed and franchised properties        
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:        
Costs of goods and services sold $ 628 $ 375 $ 1,184 $ 652
v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 206 $ (9) $ 133 $ (313)
Other comprehensive income (loss), net of taxes:        
Foreign currency translation adjustments, net of tax of $— for the three and six months ended June 30, 2022 and June 30, 2021 (34) 17 (13) (29)
Unrealized gains on derivative activity, net of tax of $— for the three and six months ended June 30, 2022 and June 30, 2021 1 2 3 4
Unrecognized pension benefit, net of tax of $— for the three and six months ended June 30, 2022 and June 30, 2021 2 0 0 0
Unrealized losses on available-for-sale debt securities, net of tax of $— for the three and six months ended June 30, 2022 and June 30, 2021 (3) 0 (10) (1)
Other comprehensive income (loss) (34) 19 (20) (26)
COMPREHENSIVE INCOME (LOSS) 172 10 113 (339)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0 0 0 0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION $ 172 $ 10 $ 113 $ (339)
v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - Parentheticals - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Foreign currency translation adjustments, tax $ 0 $ 0 $ 0 $ 0
Unrealized gains on derivative activity, tax 0 0 0 0
Unrecognized pension cost, tax 0 0 0 0
Unrealized losses on available-for-sale debt securities, tax $ 0 $ 0 $ 0 $ 0
v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 1,428 $ 960
Restricted cash 53 [1],[2] 57
Short-term investments 527 227
Receivables, net of allowances of $59 and $53 at June 30, 2022 and December 31, 2021, respectively 699 633
Inventories 8 10
Prepaids and other assets 159 149
Prepaid income taxes 18 26
Total current assets 2,892 2,062
Equity method investments 185 216
Property and equipment, net 2,286 2,848
Financing receivables, net of allowances of $60 and $69 at June 30, 2022 and December 31, 2021, respectively 63 41
Operating lease right-of-use assets 377 446
Goodwill 3,080 2,965
Intangibles, net 1,810 1,977
Deferred tax assets 12 14
Other assets 1,945 2,034
TOTAL ASSETS 12,650 12,603
CURRENT LIABILITIES:    
Current maturities of long-term debt 6 10
Accounts payable 554 523
Accrued expenses and other current liabilities 392 299
Current contract liabilities 1,280 1,178
Accrued compensation and benefits 144 187
Current operating lease liabilities 35 35
Total current liabilities 2,411 2,232
Long-term debt 3,798 3,968
Long-term contract liabilities 1,463 1,349
Long-term operating lease liabilities 294 349
Other long-term liabilities 1,072 1,139
Total liabilities 9,038 9,037
Commitments and contingencies (see Note 12)
EQUITY:    
Preferred stock 0 0
Common stock 1 1
Additional paid-in capital 573 640
Retained earnings 3,300 3,167
Accumulated other comprehensive loss (265) (245)
Total stockholders' equity 3,609 3,563
Noncontrolling interests in consolidated subsidiaries 3 3
Total equity 3,612 3,566
TOTAL LIABILITIES AND EQUITY $ 12,650 $ 12,603
[1] (1) Restricted cash generally represents debt service on bonds, escrow deposits, and other arrangements.
[2] (1) Restricted cash generally represents debt service on bonds, escrow deposits, and other arrangements.
v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - Parentheticals - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Allowance for doubtful accounts receivable, current $ 59 $ 53
Financing receivable, allowance for credit loss $ 60 $ 69
Preferred stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares outstanding (in shares) 0 0
Long-term debt $ 3,798 $ 3,968
Common Class A    
Common stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 1,000,000,000 1,000,000,000
Common stock, shares, outstanding (in shares) 50,096,332 50,322,050
Common stock, shares, issued (in shares) 50,096,332 50,322,050
Common Class B    
Common stock, par value per share (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 391,012,161 391,647,683
Common stock, shares, outstanding (in shares) 59,017,749 59,653,271
Common stock, shares, issued (in shares) 59,017,749 59,653,271
v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 133 $ (313)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 224 148
Gains on sales of real estate (251) (105)
Amortization of share awards 44 41
Amortization of operating lease right-of-use assets 17 14
Deferred income taxes (2) 203
Asset impairments 10 2
Equity (earnings) losses from unconsolidated hospitality ventures 8 (20)
Loss on extinguishment of debt 8 0
Contra revenue 18 17
Unrealized (gains) losses, net 44 (13)
Working capital changes and other 130 (32)
Net cash provided by (used in) operating activities 383 (58)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities and short-term investments (662) (603)
Proceeds from marketable securities and short-term investments 387 663
Contributions to equity method and other investments (5) (24)
Return of equity method and other investments 23 25
Acquisitions, net of cash acquired (39) (230)
Capital expenditures (104) (37)
Issuance of financing receivables (10) (8)
Proceeds from sales of real estate, net of cash disposed 591 268
Other investing activities 20 (7)
Net cash provided by investing activities 201 47
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments and repurchases of debt (16) (2)
Repurchases of common stock (101) 0
Utilization of restricted cash for legal defeasance of Series 2005 Bonds (8) 0
Other financing activities (17) (14)
Net cash used in financing activities (142) (16)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 11 (7)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 453 (34)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—BEGINNING OF YEAR 1,065 1,237
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—END OF PERIOD 1,518 1,203
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,428 1,144
Restricted cash [1],[2] 53 18
Restricted cash included in other assets [1],[2] 37 41
Total cash, cash equivalents, and restricted cash 1,518 1,203
Cash paid during the period for interest 68 74
Cash paid during the period for income taxes, net 39 2
Cash paid for amounts included in the measurement of operating lease liabilities 22 18
Non-cash investing and financing activities are as follows:    
Non-cash contributions to equity method and other investments (Note 12) 0 42
Change in accrued capital expenditures 8 1
Non-cash right-of-use assets obtained in exchange for operating lease liabilities 3 12
Non-cash legal defeasance of Series 2005 Bonds (see Note 6) 166 0
Non-cash reduction in right-of-use assets and operating lease liabilities for lease reassessment 12 0
Non-cash held-to-maturity debt security received (see Note 6) $ 19 $ 0
[1] (1) Restricted cash generally represents debt service on bonds, escrow deposits, and other arrangements.
[2] (1) Restricted cash generally represents debt service on bonds, escrow deposits, and other arrangements.
v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock Amount
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Consolidated Subsidiaries
Common Class A
Common Class A
Common Stock Amount
Common Class B
Common Class B
Common Stock Amount
Common stock, shares, beginning balance (in shares) at Dec. 31, 2020               39,250,241   62,038,918
Balance, beginning of period at Dec. 31, 2020 $ 3,214   $ 13 $ 3,389 $ (192) $ 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total comprehensive income (loss) (349)     (304) (45)          
Employee stock plan issuance (in shares)               10,992    
Employee stock plan issuance 1   1              
Class share conversions (in shares)               800,169   (800,169)
Share-based payment activity (in shares)               462,103    
Share-based payment activity 22   22              
Common stock, shares, ending balance (in shares) at Mar. 31, 2021               40,523,505   61,238,749
Balance, end of period at Mar. 31, 2021 2,888   36 3,085 (237) 3   $ 1   $ 0
Common stock, shares, beginning balance (in shares) at Dec. 31, 2020               39,250,241   62,038,918
Balance, beginning of period at Dec. 31, 2020 3,214   13 3,389 (192) 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total comprehensive income (loss) (339)                  
Common stock, shares, ending balance (in shares) at Jun. 30, 2021               41,159,089   60,623,918
Balance, end of period at Jun. 30, 2021 2,909 $ 1 47 3,076 (218) 3       $ 0
Common stock, shares, beginning balance (in shares) at Mar. 31, 2021               40,523,505   61,238,749
Balance, beginning of period at Mar. 31, 2021 2,888   36 3,085 (237) 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total comprehensive income (loss) 10     (9) 19          
Employee stock plan issuance (in shares)               9,603    
Employee stock plan issuance 1   1              
Class share conversions (in shares)               614,831   (614,831)
Share-based payment activity (in shares)               11,150    
Share-based payment activity 10   10              
Common stock, shares, ending balance (in shares) at Jun. 30, 2021               41,159,089   60,623,918
Balance, end of period at Jun. 30, 2021 2,909 1 47 3,076 (218) 3       $ 0
Common stock, shares, beginning balance (in shares) at Dec. 31, 2021             50,322,050 50,322,050 59,653,271 59,653,271
Balance, beginning of period at Dec. 31, 2021 3,566   640 3,167 (245) 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total comprehensive income (loss) (59)     (73) 14          
Employee stock plan issuance (in shares)               12,221    
Employee stock plan issuance 1   1              
Class share conversions (in shares)               635,522   (635,522)
Share-based payment activity (in shares)               303,355    
Share-based payment activity 16   16              
Common stock, shares, ending balance (in shares) at Mar. 31, 2022               51,273,148   59,017,749
Balance, end of period at Mar. 31, 2022 3,524   657 3,094 (231) 3   $ 1   $ 0
Common stock, shares, beginning balance (in shares) at Dec. 31, 2021             50,322,050 50,322,050 59,653,271 59,653,271
Balance, beginning of period at Dec. 31, 2021 3,566   640 3,167 (245) 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total comprehensive income (loss) 113                  
Common stock, shares, ending balance (in shares) at Jun. 30, 2022             50,096,332 50,096,332 59,017,749 59,017,749
Balance, end of period at Jun. 30, 2022 3,612 1 573 3,300 (265) 3       $ 0
Common stock, shares, beginning balance (in shares) at Mar. 31, 2022               51,273,148   59,017,749
Balance, beginning of period at Mar. 31, 2022 3,524   657 3,094 (231) 3   $ 1   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Total comprehensive income (loss) $ 172     206 (34)          
Repurchases of common stock (in shares) (1,210,402)                  
Repurchases of common stock $ (101)   (101) 0            
Employee stock plan issuance (in shares)               13,963    
Employee stock plan issuance 1   1              
Class share conversions (in shares)               0   0
Share-based payment activity (in shares)               19,623    
Share-based payment activity 16   16              
Common stock, shares, ending balance (in shares) at Jun. 30, 2022             50,096,332 50,096,332 59,017,749 59,017,749
Balance, end of period at Jun. 30, 2022 $ 3,612 $ 1 $ 573 $ 3,300 $ (265) $ 3       $ 0
v3.22.2
ORGANIZATION
 6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION ORGANIZATION
Hyatt Hotels Corporation, a Delaware corporation, and its consolidated subsidiaries (collectively, "Hyatt Hotels Corporation") has offerings that consist of full services hotels, select service hotels, all-inclusive resorts, and other forms of residential, vacation ownership, and condominium units. We also offer travel distribution and destination management services through ALG Vacations and a paid membership program through the Unlimited Vacation Club. At June 30, 2022, our hotel portfolio included 525 full service hotels, comprising 172,729 rooms throughout the world; 548 select service hotels, comprising 79,604 rooms, of which 444 hotels are located in the United States; and 121 all-inclusive resorts, comprising 38,654 rooms. At June 30, 2022, our portfolio of properties operated in 72 countries around the world. Additionally, through strategic relationships, we provide certain reservation and/or loyalty program services to hotels that are unaffiliated with our hotel portfolio and operate under other tradenames or marks owned by such hotels or licensed by third parties.
As used in these Notes and throughout this Quarterly Report on Form 10-Q:
•"Hyatt," "Company," "we," "us," or "our" mean Hyatt Hotels Corporation and its consolidated subsidiaries;
•"hotel portfolio" refers to our full service hotels, including our wellness resorts, our select service hotels, and our all-inclusive resorts;
•"properties," "portfolio of properties," or "property portfolio" refer to our hotel portfolio and residential, vacation ownership, and condominium units that we operate, manage, franchise, own, lease, develop, license, or to which we provide services or license our trademarks, including under the Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Residence Club, Hyatt Place, Hyatt House, UrCove, Miraval, Alila, Andaz, Thompson Hotels, Hyatt Centric, Caption by Hyatt, The Unbound Collection by Hyatt, Destination by Hyatt, JdV by Hyatt, Hyatt Ziva, Hyatt Zilara, Zoëtry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas brands; and

•"hospitality ventures" refers to entities in which we own less than a 100% equity interest.
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, the instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by GAAP for complete annual financial statements. As a result, this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "2021 Form 10-K").
We have eliminated all intercompany accounts and transactions in our condensed consolidated financial statements. We consolidate entities under our control, including entities where we are deemed to be the primary beneficiary.
Management believes the accompanying condensed consolidated financial statements reflect all adjustments, which are all of a normal recurring nature, considered necessary for a fair presentation of the interim periods.
v3.22.2
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
Adopted Accounting Standards
Government Assistance—In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2021-10 ("ASU 2021-10"), Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. ASU 2021-10 requires annual disclosures that are expected to increase the transparency of transactions involving government grants, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on an entity's financial statements. The provisions of ASU 2021-10 are effective for fiscal years beginning after December 31, 2021, and we adopted
ASU 2021-10 on January 1, 2022. We are currently evaluating the impact of ASU 2021-10 on our annual disclosures and do not expect a material impact to our consolidated financial statements.
Future Adoption of Accounting Standards
Reference Rate Reform—In March 2020, the FASB issued Accounting Standards Update No. 2020-04 ("ASU 2020-04"), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides optional expedients and exceptions that we can elect to adopt, subject to meeting certain criteria, regarding contract modifications, hedging relationships, and other transactions that reference the London Interbank Offered Rate or another reference rate expected to be discontinued because of reference rate reform. The provisions of ASU 2020-04 are available through December 31, 2022, and we are currently assessing the impact of adopting ASU 2020-04.
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregated Revenues
The following tables present our revenues disaggregated by the nature of the product or service:
Three Months Ended June 30, 2022
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingApple Leisure GroupCorporate and otherEliminationsTotal
Rooms revenues$209 $— $— $— $4 $— $(8)$205 
Food and beverage87 — — — — — — 87 
Other 39 — — — — — — 39 
Owned and leased hotels335 — — — 4 — (8)331 
Base management fees— 61 8 11 9 — (10)79 
Incentive management fees— 18 6 8 17 — (4)45 
Franchise fees— 50 1 1 — — — 52 
Other fees— 3 3 1 10 11 — 28 
Management, franchise, and other fees— 132 18 21 36 11 (14)204 
Contra revenue— (6)(1)(2)— — — (9)
Net management, franchise, and other fees— 126 17 19 36 11 (14)195 
Distribution and destination management— — — — 256 — — 256 
Other revenues— 25 — — 33 2 1 61 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 557 34 23 26 — — 640 
Total$335 $708 $51 $42 $355 $13 $(21)$1,483 
Six Months Ended June 30, 2022
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingApple Leisure GroupCorporate and otherEliminationsTotal
Rooms revenues$376 $— $— $— $4 $— $(14)$366 
Food and beverage156 — — — — — — 156 
Other80 — — — — — — 80 
Owned and leased hotels612 — — — 4 — (14)602 
Base management fees— 107 16 17 17 — (18)139 
Incentive management fees— 30 10 15 36 — (6)85 
Franchise fees— 84 1 2 — — — 87 
Other fees— 6 5 2 13 21 — 47 
Management, franchise, and other fees— 227 32 36 66 21 (24)358 
Contra revenue— (12)(2)(4)— — — (18)
Net management, franchise, and other fees— 215 30 32 66 21 (24)340 
Distribution and destination management— — — — 502 — — 502 
Other revenues— 63 — — 67 6 2 138 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 1,018 63 44 55 — — 1,180 
Total$612 $1,296 $93 $76 $694 $27 $(36)$2,762 

Three Months Ended June 30, 2021
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingCorporate and otherEliminationsTotal
Rooms revenues$117 $— $— $— $— $(3)$114 
Food and beverage 43 — — — — — 43 
Other 34 — — — — — 34 
Owned and leased hotels194 — — — — (3)191 
Base management fees— 30 9 3 — (6)36 
Incentive management fees— 4 6 3 — (1)12 
Franchise fees— 28 1 — — — 29 
Other fees— 4 4 — 8 — 16 
Management, franchise, and other fees— 66 20 6 8 (7)93 
Contra revenue— (5)(1)(3)— — (9)
Net management, franchise, and other fees— 61 19 3 8 (7)84 
Other revenues— 19 — — 3 — 22 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 327 24 15 — — 366 
Total$194 $407 $43 $18 $11 $(10)$663 
Six Months Ended June 30, 2021
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingCorporate and otherEliminationsTotal
Rooms revenues$179 $— $— $— $— $(6)$173 
Food and beverage63 — — — — — 63 
Other59 — — — — — 59 
Owned and leased hotels301 — — — — (6)295 
Base management fees— 46 17 6 — (9)60 
Incentive management fees— 5 11 5 — (1)20 
Franchise fees— 45 1 — — — 46 
Other fees— 8 6 2 14 — 30 
Management, franchise, and other fees— 104 35 13 14 (10)156 
Contra revenue— (9)(2)(6)— — (17)
Net management, franchise, and other fees— 95 33 7 14 (10)139 
Other revenues— 36 — — 5 — 41 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 554 44 28 — — 626 
Total$301 $685 $77 $35 $19 $(16)$1,101 

Contract Balances
Our contract assets, included in receivables, net on our condensed consolidated balance sheets, were insignificant at both June 30, 2022 and December 31, 2021. As our profitability hurdles are generally calculated on a full-year basis, we expect our contract assets to be insignificant at year end.
Contract liabilities were comprised of the following:
June 30, 2022December 31, 2021
Deferred revenue related to the paid membership program$943 $833 
Deferred revenue related to the loyalty program875 814 
Deferred revenue related to travel distribution and destination management services721 629 
Advanced deposits52 61 
Initial fees received from franchise owners44 42 
Deferred revenue related to insurance programs22 52 
Other deferred revenue86 96 
Total contract liabilities$2,743 $2,527 
The following table summarizes the activity in our contract liabilities:
20222021
Beginning balance, January 1$2,527 $941 
Cash received and other1,410 105 
Revenue recognized(1,245)(86)
Ending balance, March 31$2,692 $960 
Cash received and other1,283 133 
Revenue recognized(1,232)(115)
Ending balance, June 30$2,743 $978 
Revenue recognized during the three months ended June 30, 2022 and June 30, 2021 included in the contract liabilities balance at the beginning of each year was $168 million and $78 million, respectively. Revenue recognized during the six months ended June 30, 2022 and June 30, 2021 included in the contract liabilities balance at the beginning of the year was $669 million and $147 million, respectively. This revenue primarily relates to travel distribution and destination management services, the loyalty program, and the paid membership program.
Revenue Allocated to Remaining Performance Obligations
Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted revenue expected to be recognized in future periods was approximately $475 million at June 30, 2022, of which we expect to recognize approximately 20% of the revenue over the next 12 months and the remainder thereafter.
v3.22.2
DEBT AND EQUITY SECURITIES
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
DEBT AND EQUITY SECURITIES DEBT AND EQUITY SECURITIES
Equity Method Investments
Equity method investments were $185 million and $216 million at June 30, 2022 and December 31, 2021, respectively.
During the three and six months ended June 30, 2022, we received $23 million of proceeds related to the sale of our ownership interest in an equity method investment and recognized a $4 million pre-tax gain in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income (loss), net of a $5 million reclassification from accumulated other comprehensive loss (see Note 13).
During the three and six months ended June 30, 2021, we received $17 million of proceeds related to sales activity of certain equity method investments and recognized an insignificant net loss in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income (loss).
During the six months ended June 30, 2021, we purchased our hospitality venture partner's interest in the entities that own Grand Hyatt São Paulo for $6 million of cash, and we repaid the $78 million third-party mortgage loan on the property. We recognized a $69 million pre-tax gain in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income (loss) (see Note 6).
Marketable Securities
We hold marketable securities with readily determinable fair values to fund certain operating programs and for investment purposes. We periodically transfer available cash and cash equivalents to purchase marketable securities for investment purposes.
Marketable Securities Held to Fund Operating Programs—Marketable securities held to fund operating programs, which are recorded at fair value on our condensed consolidated balance sheets, were as follows:
June 30, 2022December 31, 2021
Loyalty program (Note 8)
$654 $601 
Deferred compensation plans held in rabbi trusts (Note 8 and Note 10)
426 543 
Captive insurance company (Note 8)
114 148 
Total marketable securities held to fund operating programs$1,194 $1,292 
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments(254)(173)
Marketable securities held to fund operating programs included in other assets$940 $1,119 
At June 30, 2022 and December 31, 2021, marketable securities held to fund operating programs included:
•$164 million and $141 million, respectively, of available-for-sale ("AFS") debt securities with contractual maturity dates ranging from 2022 through 2069. The fair value of our AFS debt securities approximates amortized cost;
•$139 million and $4 million, respectively, of time deposits classified as held-to-maturity ("HTM") debt securities with contractual maturity dates ranging from 2022 through 2026. The fair value of our time deposits approximates amortized cost;
•$61 million and $89 million, respectively, of equity securities with a readily determinable fair value.
Net unrealized and realized gains (losses) from marketable securities held to fund operating programs recognized on our condensed consolidated financial statements were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Unrealized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$(46)$20 $(78)$23 
Other income (loss), net (Note 18)(12)4 (30)(5)
Other comprehensive loss (Note 13)(3)— (10)(1)
Realized gains, net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$— $4 $1 $13 
Marketable Securities Held for Investment Purposes—Marketable securities held for investment purposes, which are recorded at cost or fair value, depending on the nature of the investment, on our condensed consolidated balance sheets, were as follows:
June 30, 2022December 31, 2021
Interest-bearing money market funds$765 $231 
Time deposits (1)379 255 
Common shares in Playa N.V. (Note 8)
83 97 
Total marketable securities held for investment purposes$1,227 $583 
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments(1,144)(486)
Marketable securities held for investment purposes included in other assets$83 $97 
(1) Time deposits have contractual maturity dates in 2022.
We hold common shares in Playa Hotels & Resorts N.V. ("Playa N.V."), which are accounted for as an equity security with a readily determinable fair value as we do not have the ability to significantly influence the operations of the entity. We did not sell any shares of common stock during the six months ended June 30, 2022 or June 30, 2021. Net unrealized gains (losses) recognized on our condensed consolidated statements of income (loss) were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Other income (loss), net (Note 18)$(22)$1 $(14)$18 
Fair Value—We measure marketable securities held to fund operating programs and held for investment purposes at fair value on a recurring basis:
June 30, 2022Cash and cash equivalentsShort-term investmentsOther assets
Level One - Quoted Prices in Active Markets for Identical Assets
Interest-bearing money market funds$871 $871 $— $— 
Mutual funds487 — — 487 
Common shares in Playa N.V.83 — — 83 
Level Two - Significant Other Observable Inputs
Time deposits518 — 515 3 
U.S. government obligations234 — 3 231 
U.S. government agencies56 — 2 54 
Corporate debt securities119 — 7 112 
Mortgage-backed securities23 — — 23 
Asset-backed securities24 — — 24 
Municipal and provincial notes and bonds6 — — 6 
Total$2,421 $871 $527 $1,023 
December 31, 2021Cash and cash equivalentsShort-term investmentsOther assets
Level One - Quoted Prices in Active Markets for Identical Assets
Interest-bearing money market funds$397 $397 $— $— 
Mutual funds632 — — 632 
Common shares in Playa N.V.97 — — 97 
Level Two - Significant Other Observable Inputs
Time deposits259 35 221 3 
U.S. government obligations235 — — 235 
U.S. government agencies58 — — 58 
Corporate debt securities137 — 6 131 
Mortgage-backed securities24 — — 24 
Asset-backed securities28 — — 28 
Municipal and provincial notes and bonds8 — — 8 
Total$1,875 $432 $227 $1,216 
During the six months ended June 30, 2022 and June 30, 2021, there were no transfers between levels of the fair value hierarchy. We do not have nonfinancial assets or nonfinancial liabilities required to be measured at fair value on a recurring basis.
Other Investments
HTM Debt Securities—We also hold investments in third-party entities related to certain of our hotels, which are redeemable on various dates through 2062 and are recorded as HTM debt securities within other assets on our condensed consolidated balance sheets:
June 30, 2022December 31, 2021
HTM debt securities$113 $91 
Less: allowance for credit losses(40)(38)
Total HTM debt securities, net of allowances$73 $53 
The following table summarizes the activity in our HTM debt securities allowance for credit losses:
20222021
Allowance at January 1$38 $21 
Provisions (1)1 1 
Allowance at March 31$39 $22 
Provisions (1)1 7 
Allowance at June 30$40 $29 
(1) Provisions for credit losses were partially or fully offset by interest income recognized in the same periods (see Note 18).
We estimated the fair value of these HTM debt securities to be approximately $100 million and $77 million at June 30, 2022 and December 31, 2021, respectively. The fair values, which are classified as Level Three in the fair value hierarchy, are estimated using internally developed discounted cash flow models based on current market inputs for similar types of arrangements. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in these assumptions could result in different estimates of fair value.
Equity Securities Without a Readily Determinable Fair Value—At both June 30, 2022 and December 31, 2021, we held $12 million of investments in equity securities without a readily determinable fair value, which are recorded within other assets on our condensed consolidated balance sheets and represent investments in entities where we do not have the ability to significantly influence the operations of the entity.
v3.22.2
RECEIVABLES
 6 Months Ended
Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
RECEIVABLES RECEIVABLES        
Receivables
At June 30, 2022 and December 31, 2021, we had $699 million and $633 million of net receivables, respectively, recorded on our condensed consolidated balance sheets.
The following table summarizes the activity in our receivables allowance for credit losses:
20222021
Allowance at January 1$53 $56 
Provisions7 1 
Other (4)— 
Allowance at March 31$56 $57 
Provisions6 4 
Other(3)(3)
Allowance at June 30$59 $58 
Financing Receivables
June 30, 2022December 31, 2021
Unsecured financing to hotel owners$137 $133 
Less: current portion of financing receivables, included in receivables, net(14)(23)
Less: allowance for credit losses(60)(69)
Total long-term financing receivables, net of allowances$63 $41 
Allowance for Credit Losses—The following table summarizes the activity in our unsecured financing receivables allowance for credit losses:
20222021
Allowance at January 1$69 $114 
Provisions— 3 
Foreign currency exchange, net3 (2)
Allowance at March 31$72 $115 
Provisions and reversals, net(7)3 
Write-offs(1)— 
Foreign currency exchange, net(4)2 
Allowance at June 30$60 $120 
Credit Monitoring—Our unsecured financing receivables were as follows:
June 30, 2022
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$135 $(59)$76 $48 
Other financing arrangements2 (1)1 — 
Total unsecured financing receivables$137 $(60)$77 $48 
December 31, 2021
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$130 $(67)$63 $47 
Other financing arrangements3 (2)1 — 
Total unsecured financing receivables$133 $(69)$64 $47 
Fair Value—We estimated the fair value of financing receivables to be approximately $108 million and $88 million at June 30, 2022 and December 31, 2021, respectively. The fair values, which are classified as Level Three in the fair value hierarchy, are estimated using discounted future cash flow models. The principal inputs used are projected future cash flows and the discount rate, which is generally the effective interest rate of the loan.
v3.22.2
ACQUISITIONS AND DISPOSITIONS
 6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
ACQUISITIONS AND DISPOSITIONS ACQUISITIONS AND DISPOSITIONS
Acquisitions
Apple Leisure Group—During the year ended December 31, 2021, we acquired 100% of the outstanding limited partnership interests in Casablanca Global Intermediate Holdings L.P., doing business as Apple Leisure Group ("ALG"), and 100% of the outstanding ordinary shares of Casablanca Global GP Limited, its general partner, in a business combination for a purchase price of $2.7 billion (the "ALG Acquisition"). The transaction included $69 million of contingent consideration payable upon achieving certain targets related to ALG's outstanding travel
credits; however, we did not record a contingent liability as the achievement was not considered probable as of the acquisition date.
We closed on the transaction on November 1, 2021 and paid $2,718 million of cash, inclusive of $39 million of purchase price adjustments for amounts due back to the seller that were recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheet at December 31, 2021 and paid during the six months ended June 30, 2022.
Net assets acquired were determined as follows:
Cash paid, net of cash acquired$2,718 
Cash and cash equivalents acquired460 
Restricted cash acquired16 
Net assets acquired$3,194 
The acquisition includes (i) management and marketing agreements for operating and pipeline hotels, primarily across Mexico, the Caribbean, Central America, and Europe, and brand names affiliated with ALG resorts; (ii) customer relationships and brand names related to ALG Vacations; and (iii) customer relationships and a brand name associated with the Unlimited Vacation Club paid membership program.
Our condensed consolidated balance sheets at both June 30, 2022 and December 31, 2021 reflect preliminary estimates of the fair value of the assets acquired and liabilities assumed based on available information as of the acquisition date. The fair values of intangible assets acquired are estimated using either discounted future cash flow models or the relief from royalty method, both of which include revenue projections based on the expected contract terms and long-term growth rates, which are primarily Level Three assumptions. The fair values of performance guarantee liabilities assumed are estimated using scenario-based weighting, which utilizes a Monte Carlo simulation to model the probability of possible outcomes. The valuation methodology includes assumptions and judgments regarding probability weighting, discount rates, volatility, and hotel operating results as well as qualitative factors, which are primarily Level Three assumptions (see Note 12). The remaining assets and liabilities were recorded at their carrying values, which approximate their fair values.
During 2022, the fair values of certain assets acquired and liabilities assumed were revised. The measurement period adjustments primarily resulted from the refinement of contract terms, renewal periods, useful lives, and other assumptions, which affected the underlying cash flows in the valuation and were based on facts and circumstances that existed at the acquisition date. Measurement period adjustments recorded on our condensed consolidated balance sheet at June 30, 2022 primarily include a $74 million increase in other long-term liabilities, net of $10 million of tax impacts (see Note 12); a $41 million decrease in intangibles, net; and a $16 million decrease in property and equipment, net, all of which resulted in a corresponding $131 million increase to goodwill. During the six months ended June 30, 2022, we recognized insignificant income and $11 million of expenses on our condensed consolidated statements of income (loss) that would have been recognized during the three months ended March 31, 2022 and the year ended December 31, 2021, respectively, if the measurement period adjustments would have been made as of the acquisition date.
We will continue to evaluate the contracts acquired and the underlying inputs and assumptions used in our valuation of assets acquired and liabilities assumed. Accordingly, these estimates, along with any related tax impacts, are subject to change during the measurement period, which is up to one year from the acquisition date.
The following table summarizes the preliminary fair value of the identifiable net assets acquired recorded on the Apple Leisure Group segment at June 30, 2022:
Cash and cash equivalents$460 
Restricted cash16 
Receivables168 
Prepaids and other assets74 
Property and equipment6 
Financing receivables, net19 
Operating lease right-of-use assets78 
Goodwill (1)2,808 
Indefinite-lived intangibles (2)503 
Management agreement intangibles (3)481 
Customer relationships intangibles (4)608 
Other intangibles15 
Other assets42 
Total assets acquired$5,278 
Accounts payable$255 
Accrued expenses and other current liabilities97 
Current contract liabilities (5)646 
Accrued compensation and benefits49 
Current operating lease liabilities8 
Long-term contract liabilities (5)747 
Long-term operating lease liabilities70 
Other long-term liabilities212 
Total liabilities assumed$2,084 
Total net assets acquired attributable to Hyatt Hotels Corporation$3,194 
(1) The goodwill is attributable to the growth opportunities we expect to realize by expanding our footprint in luxury and resort travel, expanding our platform for growth, increasing choices and experiences for guests, and enhancing end-to-end leisure travel offerings. Goodwill of $36 million is tax deductible.
(2) Includes intangible assets related to various ALG brand names.
(3) Amortized over useful lives of approximately 1 to 15 years, with a weighted-average useful life of approximately 11 years.
(4) Amortized over useful lives of 4 to 11 years, with a weighted-average useful life of approximately 8 years.
(5) Contract liabilities assumed were recorded at carrying value at the date of acquisition.
Alila Ventana Big Sur—During the three months ended June 30, 2021, we completed an asset acquisition of Alila Ventana Big Sur for $146 million, net of closing costs and proration adjustments, which primarily consisted of $149 million of property and equipment. The seller is indirectly owned by a limited partnership affiliated with the brother of our Executive Chairman. The acquisition was identified as replacement property in a potential reverse like-kind exchange; however, we sold the property before a suitable replacement property was identified.
Grand Hyatt São Paulo—We previously held a 50% interest in the entities that own Grand Hyatt São Paulo, and we accounted for the investment as an unconsolidated hospitality venture under the equity method. During the six months ended June 30, 2021, we purchased the remaining 50% interest for $6 million of cash. Additionally, we repaid the $78 million third-party mortgage loan on the property and were released from our debt repayment guarantee. The transaction was accounted for as an asset acquisition, and we recognized a $69 million pre-tax gain related to the transaction in equity earnings (losses) from unconsolidated hospitality ventures on our condensed consolidated statements of income (loss). The pre-tax gain is primarily attributable to a $42 million reversal of other long-term liabilities associated with our equity method investment and a $22 million reclassification from accumulated other comprehensive loss (see Note 13).
Net assets acquired were determined as follows:
Cash paid$6 
Repayment of third-party mortgage loan78 
Fair value of our previously-held equity method investment6 
Net assets acquired$90 
Upon acquisition, we recorded $101 million of property and equipment and $11 million of deferred tax liabilities within our owned and leased hotels segment on our condensed consolidated balance sheet.
Dispositions
The Confidante Miami Beach—During the three months ended June 30, 2022, we sold The Confidante Miami Beach to an unrelated third party for approximately $227 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $24 million pre-tax gain, which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the three months ended June 30, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment.
The Driskill—During the three months ended June 30, 2022, we sold The Driskill to an unrelated third party for approximately $119 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $51 million pre-tax gain, which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the three months ended June 30, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. At March 31, 2022, we classified the assets and liabilities as held for sale on our condensed consolidated balance sheet.
Grand Hyatt San Antonio River Walk—During the three months ended June 30, 2022, we sold Grand Hyatt San Antonio River Walk to an unrelated third party and accounted for the transaction as an asset disposition. We received approximately $109 million of cash consideration, net of closing costs; a $19 million HTM debt security as additional consideration; and $18 million from the release of restricted cash held for debt service related to Tax-Exempt Contract Revenue Empowerment Zone Bonds, Series 2005A and Contract Revenue Bonds, Senior Taxable Series 2005B (collectively, the "Series 2005 Bonds"). At the time of sale, we had $166 million of outstanding debt related to the Series 2005 Bonds, inclusive of accrued interest and net of $4 million of unamortized discounts, which was legally defeased in conjunction with the sale (see Note 9). Upon sale, we entered into a long-term management agreement for the property.
The sale resulted in a $137 million pre-tax gain, which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the three months ended June 30, 2022. In connection with the disposition, we recognized a $7 million goodwill impairment charge in asset impairments on our condensed consolidated statements of income (loss) during the three months ended June 30, 2022. The assets disposed represented the entirety of the related reporting unit and therefore, no business operations remained to support the related goodwill, which was therefore impaired. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. At March 31, 2022, we classified the assets and liabilities as held for sale on our condensed consolidated balance sheet.
Hyatt Regency Indian Wells Resort & Spa—During the three months ended June 30, 2022, we sold Hyatt Regency Indian Wells Resort & Spa to an unrelated third party for approximately $136 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $40 million pre-tax gain, which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the three months ended June 30, 2022. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment. At March 31, 2022, we classified the assets and liabilities as held for sale on our condensed consolidated balance sheet.
Hyatt Regency Lost Pines Resort and Spa—During the three months ended June 30, 2021, we sold Hyatt Regency Lost Pines Resort and Spa to an unrelated third party for approximately $268 million, net of closing costs and proration adjustments, and accounted for the transaction as an asset disposition. Upon sale, we entered into a long-term management agreement for the property. The sale resulted in a $104 million pre-tax gain, which was recognized in gains on sales of real estate on our condensed consolidated statements of income (loss) during the
three months ended June 30, 2021. The operating results and financial position of this hotel prior to the sale remain within our owned and leased hotels segment.
v3.22.2
INTANGIBLES, NET
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLES, NET INTANGIBLES, NET
June 30, 2022Weighted-
average useful
lives in years		December 31, 2021
Management and franchise agreement intangibles$814 14$835 
Brand and other indefinite-lived intangibles626 — 646 
Customer relationships intangibles608 9586 
Other intangibles21 558 
Intangibles2,069 2,125 
Less: accumulated amortization(259)(148)
Intangibles, net$1,810 $1,977 
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Amortization expense$51 $7 $111 $14 
v3.22.2
OTHER ASSETS
 6 Months Ended
Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS OTHER ASSETS
June 30, 2022December 31, 2021
Management and franchise agreement assets constituting payments to customers (1) $619 $571 
Marketable securities held to fund rabbi trusts (Note 4)426 543 
Marketable securities held to fund the loyalty program (Note 4)414 439 
Marketable securities held for captive insurance company (Note 4)100 137 
Long-term investments (Note 4)85 65 
Common shares in Playa N.V. (Note 4)83 97 
Long-term restricted cash37 48 
Other181 134 
Total other assets$1,945 $2,034 
(1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.
v3.22.2
DEBT
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
DEBT DEBT
Long-term debt was $3,798 million and $3,968 million at June 30, 2022 and December 31, 2021, respectively.
Revolving Credit Facility—During the three months ended June 30, 2022, we entered into a new credit agreement with a syndicate of lenders that provides for a $1.5 billion senior unsecured revolving credit facility (the "revolving credit facility") that matures in May 2027. The credit agreement refinanced and replaced in its entirety our Second Amended and Restated Credit Agreement dated as of January 6, 2014, as amended (the "prior revolving credit facility"). The credit agreement provides for the issuance of revolving loans to us in U.S. dollars and, subject to a sublimit of $250 million, certain other currencies, and the issuance of up to $300 million of letters of credit. We have the option during the term of the revolving credit facility to increase the facility by an aggregate amount of up to an additional $500 million provided that, among other things, new and/or existing lenders agree to provide commitments for the increased amount. We may prepay any outstanding aggregate principal amount, in whole or in part, at any time, subject to certain restrictions and upon proper notice. The credit agreement contains customary affirmative, negative, and financial covenants; representations and warranties; and default provisions.
During the six months ended June 30, 2022 and June 30, 2021, we had no borrowings or repayments on our revolving credit facility or our prior revolving credit facility. At both June 30, 2022 and December 31, 2021, we had no balance outstanding on our revolving credit facility or our prior revolving credit facility. At June 30, 2022, we had $1,496 million of borrowing capacity available under our revolving credit facility, net of letters of credit outstanding.
Fair Value—We estimate the fair value of debt, excluding finance leases, which consists of the notes below (collectively, the "Senior Notes") and other long-term debt.
•$300 million of floating rate senior notes due 2023
•$350 million of 3.375% senior notes due 2023
•$700 million of 1.300% senior notes due 2023
•$750 million of 1.800% senior notes due 2024
•$450 million of 5.375% senior notes due 2025
•$400 million of 4.850% senior notes due 2026
•$400 million of 4.375% senior notes due 2028
•$450 million of 5.750% senior notes due 2030
Our Senior Notes are classified as Level Two due to the use and weighting of multiple market inputs in the final price of the security. We estimated the fair value of other debt instruments using a discounted cash flow analysis based on current market inputs for similar types of arrangements. Based on the lack of available market data, we have classified our revolving credit facility, as applicable, and other debt instruments as Level Three. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in our assumptions will result in different estimates of fair value.
June 30, 2022
Carrying valueFair valueQuoted prices in active markets for identical assets (Level One)Significant other observable inputs (Level Two)Significant unobservable inputs (Level Three)
Debt (1)$3,817 $3,748 $— $3,707 $41 
(1) Excludes $7 million of finance lease obligations and $20 million of unamortized discounts and deferred financing fees.
December 31, 2021
Carrying valueFair valueQuoted prices in active markets for identical assets (Level One)Significant other observable inputs (Level Two)Significant unobservable inputs (Level Three)
Debt (2)$4,000 $4,230 $— $4,193 $37 
(2) Excludes $7 million of finance lease obligations and $29 million of unamortized discounts and deferred financing fees.
Senior Notes Repurchases—During the three months ended June 30, 2022, we repurchased $4 million of our senior notes due 2024, $1 million of our senior notes due 2028, and $10 million of our senior notes due 2030 in the open market.
Series 2005 Bonds—The Series 2005 Bonds had $166 million outstanding, inclusive of accrued interest and net of $4 million of unamortized discounts, and were legally defeased in conjunction with the sale of Grand Hyatt San Antonio River Walk during the three months ended June 30, 2022 (see Note 6). We recognized an $8 million loss on extinguishment of debt in other income (loss), net on our condensed consolidated statements of income (loss), which related to restricted cash utilized to defease the debt (see Note 18).
v3.22.2
OTHER LONG-TERM LIABILITIES
 6 Months Ended
Jun. 30, 2022
Other Liabilities [Abstract]  
OTHER LONG-TERM LIABILITIES OTHER LONG-TERM LIABILITIES
June 30, 2022December 31, 2021
Deferred compensation plans funded by rabbi trusts (Note 4)$426 $543 
Income taxes payable299 281 
Guarantee liabilities (Note 12)147 92 
Deferred income taxes (Note 11)79 93 
Self-insurance liabilities (Note 12)66 66 
Other55 64 
Total other long-term liabilities$1,072 $1,139 
v3.22.2
INCOME TAXES
 6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The provision for income taxes for the three months ended June 30, 2022 and June 30, 2021 was $106 million and $15 million, respectively. The increase was driven by the sales of Hyatt Regency Indian Wells Resort & Spa, Grand Hyatt San Antonio River Walk, The Driskill, and The Confidante Miami Beach. The provision for income taxes for the six months ended June 30, 2022 and June 30, 2021 was $108 million and $201 million, respectively. The decrease was driven by the impact of a non-cash expense to record a valuation allowance on U.S. federal and state deferred tax assets in the first quarter of 2021 as a result of entering into a three-year cumulative U.S. pre-tax loss position during the period.
We are subject to audits by federal, state, and foreign tax authorities. U.S. tax years 2009 through 2011 are before the U.S. Tax Court concerning the tax treatment of the loyalty program. The U.S. Tax Court trial proceedings occurred during April 2022, and the trial outcome is pending, subject to the U.S. Tax Court Judge's ruling. During the six months ended June 30, 2021, we received a Notice of Proposed Adjustment for tax years 2015 through 2017 related to the loyalty program issue. As a result, U.S. tax years 2009 through 2017 are pending the outcome of the issue currently in U.S. Tax Court. If the IRS' position to include loyalty program contributions as taxable income to the Company is upheld, it would result in an estimated income tax payment of $227 million (including $69 million of interest, net of federal tax benefit) for all assessed years. We believe we have an adequate uncertain tax liability recorded in connection with this matter.
At June 30, 2022 and December 31, 2021, total unrecognized tax benefits recorded in other long-term liabilities on our condensed consolidated balance sheets were $216 million and $205 million, respectively, of which $196 million and $186 million, respectively, would impact the effective tax rate if recognized. While it is reasonably possible that the amount of uncertain tax benefits associated with the U.S. treatment of the loyalty program could significantly change within the next 12 months, at this time, we are not able to estimate the range by which the reasonably possible outcomes of the pending litigation could impact our uncertain tax benefits within the next 12 months.
v3.22.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
In the ordinary course of business, we enter into various commitments, guarantees, surety and other bonds, and letter of credit agreements.
Commitments—At June 30, 2022, we are committed, under certain conditions, to lend, provide certain consideration to, or invest in, various business ventures up to $317 million, net of any related letters of credit.
Performance Guarantees—Certain of our contractual agreements with third-party hotel owners require us to guarantee payments to the owners if specified levels of operating profit are not achieved by their hotels. Except as described below, at June 30, 2022, our performance guarantees have $111 million of remaining maximum exposure and expire between 2022 and 2042.
We acquired certain management agreements in the ALG Acquisition with performance guarantees expiring between 2022 and 2045. Our condensed consolidated balance sheet at June 30, 2022 reflects preliminary estimates of the fair value of the performance guarantees liabilities assumed based on information that was available as of the date of acquisition. The performance guarantees are based on annual performance levels. Contract terms within the management agreements limit our exposure, and therefore, we are unable to reasonably estimate our maximum potential future payments. Based on current forecasts and long-term financial expectations of the hotels, the likelihood of funding under these performance guarantees is not probable at June 30, 2022. We
continue to review and evaluate the agreements acquired in the ALG Acquisition and the contractual obligations therein. Any additional contractual obligations identified could be material and may increase our liabilities assumed in the ALG Acquisition (see Note 6).
At June 30, 2022 and December 31, 2021, we had $115 million and $52 million, respectively, of total performance guarantee liabilities, which included $109 million and $41 million, respectively, recorded in other long-term liabilities and $6 million and $11 million, respectively, recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets.
Additionally, we enter into certain management contracts where we have the right, but not an obligation, to make payments to certain hotel owners if their hotels do not achieve specified levels of operating profit. If we choose not to fund the shortfall, the hotel owner has the option to terminate the management contract. At June 30, 2022 and December 31, 2021, we had $6 million and $7 million, respectively, recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets related to these performance cure payments.
Debt Repayment Guarantees—We enter into various debt repayment guarantees in order to assist hotel owners and unconsolidated hospitality ventures in obtaining third-party financing or to obtain more favorable borrowing terms.
Geographical regionMaximum potential future paymentsMaximum exposure net of recoverability from third partiesOther long-term liabilities recorded at June 30, 2022Other long-term liabilities recorded at December 31, 2021Year of guarantee expiration
United States (1), (2)$134 $51 $6 $10 various, through 2024
All foreign (1), (3)207 197 32 41 various, through 2031
Total $341 $248 $38 $51 
(1) We have agreements with our unconsolidated hospitality venture partners or the respective hotel owners to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash or HTM debt security.
(2) Certain agreements give us the ability to assume control of the property if defined funding thresholds are met or if certain events occur.
(3) Certain debt repayment guarantees are denominated in Indian rupees and translated using exchange rates at June 30, 2022. We have the contractual right to recover amounts funded from an unconsolidated hospitality venture, which is a related party. We expect our maximum exposure to be approximately $93 million, taking into account our partner's 50% ownership interest in the unconsolidated hospitality venture. Under certain events or conditions, we have the right to force the sale of the properties in order to recover amounts funded.
At June 30, 2022, we are not aware, nor have we received any notification, that our unconsolidated hospitality ventures or hotel owners are not current on their debt service obligations where we have provided a debt repayment guarantee.
Guarantee Liabilities Fair Value—We estimated the fair value of our guarantees to be approximately $141 million and $87 million at June 30, 2022 and December 31, 2021, respectively. Based on the lack of available market data, we have classified our guarantees as Level Three in the fair value hierarchy.
Insurance—We obtain commercial insurance for potential losses for general liability, workers' compensation, automobile liability, employment practices, crime, property, cyber risk, and other miscellaneous coverages. A portion of the risk is retained on a self-insurance basis primarily through a U.S.-based and licensed captive insurance company that is a wholly owned subsidiary of Hyatt and generally insures our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses. Reserves for losses in our captive insurance company to be paid within 12 months are $33 million and $34 million at June 30, 2022 and December 31, 2021, respectively, and are recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets. Reserves for losses in our captive insurance company to be paid in future periods are $66 million at both June 30, 2022 and December 31, 2021 and are recorded in other long-term liabilities on our condensed consolidated balance sheets.
Collective Bargaining Agreements—At June 30, 2022, approximately 21% of our U.S.-based employees were covered by various collective bargaining agreements, generally providing for basic pay rates, working hours, other conditions of employment, and orderly settlement of labor disputes. Certain employees are covered by union-sponsored, multi-employer pension and health plans pursuant to agreements between various unions and us.
Generally, labor relations have been maintained in a normal and satisfactory manner, and we believe our employee relations are good.
Surety and Other Bonds—Surety and other bonds issued on our behalf were $46 million at June 30, 2022 and primarily relate to workers' compensation, taxes, licenses, construction liens, and utilities related to our lodging operations.
Letters of Credit—Letters of credit outstanding on our behalf at June 30, 2022 were $274 million, which primarily relate to our ongoing operations, collateral for customer deposits associated with ALG Vacations, collateral for estimated insurance claims, and securitization of our performance under our debt repayment guarantees associated with the hotel properties in India, which are only called on if we default on our guarantees. Of the letters of credit outstanding, $4 million reduces the available capacity under our revolving credit facility (see Note 9).
Capital Expenditures—As part of our ongoing business operations, expenditures are required to complete renovation projects that have been approved.
Other—We act as general partner of various partnerships owning hotel properties that are subject to mortgage indebtedness. These mortgage agreements generally limit the lender's recourse to security interests in assets financed and/or other assets of the partnership(s) and/or the general partner(s) thereof.
In conjunction with financing obtained for our unconsolidated hospitality ventures and certain managed hotels, we may provide standard indemnifications to the lender for loss, liability, or damage occurring as a result of our actions or actions of the other unconsolidated hospitality venture partners or respective hotel owners.
As a result of certain dispositions, we have agreed to provide customary indemnifications to third-party purchasers for certain liabilities incurred prior to sale and for breach of certain representations and warranties made during the sales process, such as representations of valid title, authority, and environmental issues that may not be limited by a contractual monetary amount. These indemnification agreements survive until the applicable statutes of limitation expire or until the agreed upon contract terms expire.
We are subject, from time to time, to various claims and contingencies related to lawsuits, taxes, and environmental matters, as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. Although the ultimate liability for these matters cannot be determined at this point, based on information currently available, we do not expect the ultimate resolution of such claims and litigation to have a material effect on our condensed consolidated financial statements.
During the year ended December 31, 2018, we received a notice from the Indian tax authorities assessing additional service tax on our operations in India. We appealed this decision and do not believe a loss is probable, and therefore, we have not recorded a liability in connection with this matter. At June 30, 2022, our maximum exposure is not expected to exceed $18 million.
v3.22.2
EQUITY
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
EQUITY EQUITY
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss, net of insignificant tax impacts, were as follows:
Balance at
April 1, 2022 		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at
June 30, 2022
Foreign currency translation adjustments (1)$(185)$(39)$5 $(219)
Unrealized losses on AFS debt securities(8)(3)— (11)
Unrecognized pension benefit (cost)(6)1 1 (4)
Unrealized gains (losses) on derivative instruments (2)(32)— 1 (31)
Accumulated other comprehensive loss$(231)$(41)$7 $(265)
(1) The amount reclassified from accumulated other comprehensive loss includes realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in an unconsolidated hospitality venture (see Note 4).
(2) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.
Balance at
January 1, 2022		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at June 30, 2022
Foreign currency translation adjustments (3)$(206)$(18)$5 $(219)
Unrealized losses on AFS debt securities(1)(10)— (11)
Unrecognized pension cost(4)— — (4)
Unrealized gains (losses) on derivative instruments (4)(34)— 3 (31)
Accumulated other comprehensive loss$(245)$(28)$8 $(265)
(3) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in an unconsolidated hospitality venture (see Note 4).
(4) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. We expect to reclassify $6 million of losses over the next 12 months.
Balance at
April 1, 2021		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at
June 30, 2021
Foreign currency translation adjustments (5)$(191)$15 $2 $(174)
Unrealized gains (losses) on AFS debt securities— — — — 
Unrecognized pension cost(7)— — (7)
Unrealized gains (losses) on derivative instruments (6)(39)— 2 (37)
Accumulated other comprehensive loss$(237)$15 $4 $(218)
(5) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in certain unconsolidated hospitality ventures (see Note 4).
(6) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.
Balance at
January 1, 2021 		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at June 30, 2021
Foreign currency translation adjustments (7)$(145)$(9)$(20)$(174)
Unrealized gains (losses) on AFS debt securities1 (1)— — 
Unrecognized pension cost(7)— — (7)
Unrealized gains (losses) on derivative instruments (8)(41)— 4 (37)
Accumulated other comprehensive loss$(192)$(10)$(16)$(218)
(7) The amount reclassified from accumulated other comprehensive loss included realized net gains recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the acquisition of the remaining interest in the entities which own Grand Hyatt São Paulo (see Note 6) and the disposition of our ownership interest in certain unconsolidated hospitality ventures (see Note 4).
(8) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.
Share Repurchases—During 2019 and 2018, our board of directors authorized the repurchase of up to $750 million and $750 million, respectively, of our common stock. These repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan or an accelerated share repurchase transaction, at prices we deem appropriate and subject to market conditions, applicable law, and other factors deemed relevant in our sole discretion. The common stock repurchase program applies to our Class A and Class B common stock. The common stock repurchase program does not obligate us to repurchase any dollar amount or number of shares of common stock and the program may be suspended or discontinued at any time.
During the six months ended June 30, 2022, we repurchased 1,210,402 shares of Class A common stock. The shares of common stock were repurchased at a weighted-average price of $83.34 per share for an aggregate purchase price of $101 million, excluding insignificant related expenses. The shares repurchased during the six months ended June 30, 2022 represented approximately 1% of our total shares of common stock outstanding at December 31, 2021.
During the six months ended June 30, 2021, we did not repurchase common stock.
The shares of Class A common stock repurchased in the open market were retired and returned to the status of authorized and unissued shares. At June 30, 2022, we had $827 million remaining under the share repurchase authorization.
v3.22.2
STOCK-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
As part of our Long-Term Incentive Plan, we award time-vested stock appreciation rights ("SARs"), time-vested restricted stock units ("RSUs"), and performance-vested restricted stock units ("PSUs") to certain employees and non-employee directors. In addition, non-employee directors may elect to receive their annual fees and/or annual equity retainers in the form of shares of our Class A common stock. Compensation expense and unearned compensation presented below exclude amounts related to employees of our managed hotels and other employees whose payroll is reimbursed, as these expenses have been and will continue to be reimbursed by our third-party hotel owners and are recognized in revenues for the reimbursement of costs incurred on behalf of managed and franchised properties and costs incurred on behalf of managed and franchised properties on our condensed consolidated statements of income (loss). Stock-based compensation expense recognized in selling, general, and administrative expenses on our condensed consolidated statements of income (loss) related to these awards was as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
SARs$1 $1 $11 $10 
RSUs8 3 24 16 
PSUs 3 4 5 10 
Total$12 $8 $40 $36 
SARs—During the six months ended June 30, 2022, we granted 359,113 SARs to employees with a weighted-average grant date fair value of $37.56. During the six months ended June 30, 2021, we granted 396,889 SARs to employees with a weighted-average grant date fair value of $28.68.
RSUs—During the six months ended June 30, 2022, we granted 520,935 RSUs to employees and non-employee directors with a weighted-average grant date fair value of $91.75. During the six months ended June 30, 2021, we granted 407,585 RSUs to employees and non-employee directors with a weighted-average grant date fair value of $80.31.
PSUs—During the six months ended June 30, 2022, we granted 176,756 PSUs to employees with a weighted-average grant date fair value of $81.14. During the six months ended June 30, 2021, we granted 153,256 PSUs to employees with a weighted-average grant date fair value of $82.02.
Our total unearned compensation for our stock-based compensation programs at June 30, 2022 was $4 million for SARs, $47 million for RSUs, and $23 million for PSUs, which will primarily be recognized in stock-based compensation expense over a weighted-average period of three years.
v3.22.2
RELATED-PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
RELATED-PARTY TRANSACTIONS RELATED-PARTY TRANSACTIONS
In addition to those included elsewhere in the Notes to our condensed consolidated financial statements, related-party transactions entered into by us are summarized as follows:
Legal Services—A partner in a law firm that provided services to us throughout 2022 and 2021 is the brother-in-law of our Executive Chairman. During the three and six months ended June 30, 2022, we incurred $4 million and $6 million of legal fees with this firm, respectively. During both the three and six months ended June 30, 2021, we incurred insignificant amounts of legal fees with this firm. At June 30, 2022 and December 31, 2021, we had $4 million and insignificant amounts due to the law firm, respectively.
Equity Method Investments—We have equity method investments in entities that own, operate, manage, or franchise properties for which we receive management, franchise, or license fees. We recognized $6 million and $3 million of fees during the three months ended June 30, 2022 and June 30, 2021, respectively. During the six months ended June 30, 2022 and June 30, 2021, we recognized $10 million and $4 million of fees, respectively. In addition, in some cases we provide loans (see Note 5) or guarantees (see Note 12) to these entities. During both the three months ended June 30, 2022 and June 30, 2021, we recognized insignificant income related to these guarantees. During the six months ended June 30, 2022 and June 30, 2021, we recognized $3 million and $2 million of income related to these guarantees, respectively. At June 30, 2022 and December 31, 2021, we had $51 million and $29 million of net receivables due from these properties, respectively. Our ownership interest in these unconsolidated hospitality ventures varies from 24% to 50%.
Class B Share Conversion—During the six months ended June 30, 2022, 635,522 shares of Class B common stock were converted on a share-for-share basis into shares of Class A common stock, $0.01 par value per share. During the three and six months ended June 30, 2021, 614,831 and 1,415,000 shares of Class B common stock, respectively, were converted on a share-for-share basis into shares of Class A common stock, $0.01 par value per share. The shares of Class B common stock that were converted into shares of Class A common stock have been retired, thereby reducing the shares of Class B common stock authorized and outstanding.
v3.22.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the chief operating decision maker ("CODM") to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. Following the ALG Acquisition during the year ended December 31, 2021, ALG is managed as a separate reportable segment, but in the future, we may realign our reportable segments after integrating aspects of ALG's business. We define our reportable segments as follows:
•Owned and leased hotels—This segment derives its earnings from owned and leased hotel properties located predominantly in the United States but also in certain international locations, and for purposes of segment Adjusted EBITDA, includes our pro rata share of the Adjusted EBITDA of our unconsolidated hospitality ventures, based on our ownership percentage of each venture. Adjusted EBITDA includes intercompany expenses related to management fees paid to the Company's management and franchising segments, which are eliminated in consolidation. Intersegment revenues relate to promotional award redemptions earned by our owned and leased hotels related to our co-branded credit card program and are eliminated in consolidation.
•Americas management and franchising—This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in the United States, Canada, the Caribbean, Mexico, Central America, and South America, as well as revenues from residential management operations. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to payroll at managed properties where the Company is the employer, as well as costs associated with sales, reservations, digital and technology, digital media, and marketing services (collectively, "system-wide services") and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation.
•ASPAC management and franchising—This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Southeast Asia, Greater China, Australia, New Zealand, South Korea, Japan, and Micronesia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties.
•EAME/SW Asia management and franchising—This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, India, Central Asia, and Nepal. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation.
•Apple Leisure Group—This segment derives its earnings from distribution and destination management services offered through ALG Vacations; management and marketing services primarily for all-inclusive ALG resorts located in Mexico, the Caribbean, Central America, South America, and Europe; and through a paid membership program offering benefits exclusively at ALG resorts in Mexico, the Caribbean, and Central America. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate to certain system-wide services provided on behalf of owners of ALG resorts.
As previously announced, the Company plans a geographic realignment of its Europe, Africa & Middle East (EAME) region in which the Indian subcontinent will become part of the ASPAC management and franchising segment. This change is expected to be effective on January 1, 2023.
Our CODM evaluates performance based on owned and leased hotels revenues; management, franchise, and other fees revenues; distribution and destination management revenues; other revenues; and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income (loss) attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA based on our ownership percentage of each owned and leased venture, adjusted to exclude interest expense; benefit (provision) for income taxes; depreciation and amortization; amortization of management and franchise agreement assets and performance cure payments, which constitute payments to customers ("Contra revenue"); revenues for the reimbursement of costs incurred on behalf of managed and franchised properties; costs incurred on behalf of managed and franchised properties that we intend to recover over the long term; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate and other; asset impairments; and other income (loss), net.
The table below shows summarized consolidated financial information by segment. Included within corporate and other are results related to our co-branded credit card program and unallocated corporate expenses.
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Owned and leased hotels
Owned and leased hotels revenues$335 $194 $612 $301 
Intersegment revenues (1)8 3 14 6 
Adjusted EBITDA99 12 153 (17)
Depreciation and amortization44 58 96 117 
Americas management and franchising
Management, franchise, and other fees revenues132 66 227 104 
Contra revenue(6)(5)(12)(9)
Other revenues25 19 63 36 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties557 327 1,018 554 
Intersegment revenues (1)12 7 21 10 
Adjusted EBITDA117 54 202 82 
Depreciation and amortization6 6 11 11 
ASPAC management and franchising
Management, franchise, and other fees revenues18 20 32 35 
Contra revenue(1)(1)(2)(2)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties34 24 63 44 
Adjusted EBITDA6 10 11 15 
Depreciation and amortization1 1 1 2 
EAME/SW Asia management and franchising
Management, franchise, and other fees revenues21 6 36 13 
Contra revenue(2)(3)(4)(6)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties23 15 44 28 
Intersegment revenues (1)2 — 3 — 
Adjusted EBITDA13 (1)19 (1)
Apple Leisure Group
Owned and leased hotels revenue4 — 4 — 
Management, franchise, and other fees revenues36 — 66 — 
Distribution and destination management revenues256 — 502 — 
Other revenues33 — 67 — 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties26 — 55 — 
Adjusted EBITDA54 — 110 — 
Depreciation and amortization47 — 102 — 
Corporate and other
Revenues13 11 27 19 
Intersegment revenues (1)(1)— (2)— 
Adjusted EBITDA(34)(21)(72)(45)
Depreciation and amortization7 9 14 18 
Eliminations
Revenues (1)(21)(10)(36)(16)
Adjusted EBITDA — 1 1 1 
TOTAL
Revenues$1,483 $663 $2,762 $1,101 
Adjusted EBITDA255 55 424 35 
Depreciation and amortization105 74 224 148 
(1) Intersegment revenues are included in management, franchise, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated in Eliminations.
The table below provides a reconciliation of our net income (loss) attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Net income (loss) attributable to Hyatt Hotels Corporation$206 $(9)$133 $(313)
Interest expense38 42 78 83 
Provision for income taxes106 15 108 201 
Depreciation and amortization105 74 224 148 
EBITDA455 122 543 119 
Contra revenue9 9 18 17 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties(640)(366)(1,180)(626)
Costs incurred on behalf of managed and franchised properties628 375 1,184 652 
Equity (earnings) losses from unconsolidated hospitality ventures(1)34 8 (20)
Stock-based compensation expense (Note 14)
12 8 40 36 
Gains on sales of real estate (Note 6)
(251)(105)(251)(105)
Asset impairments7 2 10 2 
Other (income) loss, net (Note 18)
19 (25)29 (37)
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA17 1 23 (3)
Adjusted EBITDA$255 $55 $424 $35 
v3.22.2
EARNINGS (LOSSES) PER SHARE
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS (LOSSES) PER SHARE EARNINGS (LOSSES) PER SHARE
The calculation of basic and diluted earnings (losses) per share, including a reconciliation of the numerator and denominator, is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Numerator:
Net income (loss)$206 $(9)$133 $(313)
Net income (loss) attributable to noncontrolling interests— — — — 
Net income (loss) attributable to Hyatt Hotels Corporation$206 $(9)$133 $(313)
Denominator:
Basic weighted-average shares outstanding109,953,302 101,898,773 110,062,212 101,713,331 
Share-based compensation1,973,560 — 2,120,840 — 
Diluted weighted-average shares outstanding111,926,862 101,898,773 112,183,052 101,713,331 
Basic Earnings (Losses) Per Share:
Net income (loss)$1.88 $(0.08)$1.21 $(3.07)
Net income (loss) attributable to noncontrolling interests— — — — 
Net income (loss) attributable to Hyatt Hotels Corporation$1.88 $(0.08)$1.21 $(3.07)
Diluted Earnings (Losses) Per Share:
Net income (loss)$1.85 $(0.08)$1.19 $(3.07)
Net income (loss) attributable to noncontrolling interests— — — — 
Net income (loss) attributable to Hyatt Hotels Corporation$1.85 $(0.08)$1.19 $(3.07)
The computations of diluted net earnings (losses) per share for the three and six months ended June 30, 2022 and June 30, 2021 do not include the following shares of Class A common stock assumed to be issued as stock-settled SARs and RSUs because they are anti-dilutive.
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
SARs11,500 1,321,700 9,200 1,317,600 
RSUs10,500 587,900 1,700 584,100 
v3.22.2
OTHER INCOME (LOSS), NET
 6 Months Ended
Jun. 30, 2022
Other Income and Expenses [Abstract]  
OTHER INCOME (LOSS), NET OTHER INCOME (LOSS), NET
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Unrealized gains (losses), net (Note 4)$(34)$5 $(44)$13 
Loss on extinguishment of debt (Note 9)(8)— (8)— 
Foreign currency gains (losses), net(3)13 (2)7 
Performance guarantee expense (Note 12)(1)(4)(8)(5)
Depreciation recovery 4 5 8 9 
Performance guarantee liability amortization (Note 12) 5 — 7 1 
Credit loss provisions and reversals, net (Note 4 and Note 5)6 (8)5 (10)
Interest income 9 8 15 14 
Other, net3 6 (2)8 
Other income (loss), net$(19)$25 $(29)$37 
v3.22.2
SUBSEQUENT EVENTS
 6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTOn August 3, 2022, we acquired Hotel Irvine, located in Irvine, California, from an unrelated third party for approximately $135 million.
v3.22.2
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Policies)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Basis of Accounting The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, the instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all information or footnotes required by GAAP for complete annual financial statements.
Principles of Consolidation We have eliminated all intercompany accounts and transactions in our condensed consolidated financial statements. We consolidate entities under our control, including entities where we are deemed to be the primary beneficiary.
Adopted Accounting Standards and Future Adoption of Accounting Standards
Adopted Accounting Standards
Government Assistance—In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2021-10 ("ASU 2021-10"), Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. ASU 2021-10 requires annual disclosures that are expected to increase the transparency of transactions involving government grants, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on an entity's financial statements. The provisions of ASU 2021-10 are effective for fiscal years beginning after December 31, 2021, and we adopted
ASU 2021-10 on January 1, 2022. We are currently evaluating the impact of ASU 2021-10 on our annual disclosures and do not expect a material impact to our consolidated financial statements.
Future Adoption of Accounting Standards
Reference Rate Reform—In March 2020, the FASB issued Accounting Standards Update No. 2020-04 ("ASU 2020-04"), Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides optional expedients and exceptions that we can elect to adopt, subject to meeting certain criteria, regarding contract modifications, hedging relationships, and other transactions that reference the London Interbank Offered Rate or another reference rate expected to be discontinued because of reference rate reform. The provisions of ASU 2020-04 are available through December 31, 2022, and we are currently assessing the impact of adopting ASU 2020-04.
Revenue Allocated to Remaining Performance Obligations Revenue Allocated to Remaining Performance ObligationsRevenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods.
Insurance Insurance—We obtain commercial insurance for potential losses for general liability, workers' compensation, automobile liability, employment practices, crime, property, cyber risk, and other miscellaneous coverages. A portion of the risk is retained on a self-insurance basis primarily through a U.S.-based and licensed captive insurance company that is a wholly owned subsidiary of Hyatt and generally insures our deductibles and retentions. Reserve requirements are established based on actuarial projections of ultimate losses.
Commitments and Contingencies Other
Other—We act as general partner of various partnerships owning hotel properties that are subject to mortgage indebtedness. These mortgage agreements generally limit the lender's recourse to security interests in assets financed and/or other assets of the partnership(s) and/or the general partner(s) thereof.
In conjunction with financing obtained for our unconsolidated hospitality ventures and certain managed hotels, we may provide standard indemnifications to the lender for loss, liability, or damage occurring as a result of our actions or actions of the other unconsolidated hospitality venture partners or respective hotel owners.
As a result of certain dispositions, we have agreed to provide customary indemnifications to third-party purchasers for certain liabilities incurred prior to sale and for breach of certain representations and warranties made during the sales process, such as representations of valid title, authority, and environmental issues that may not be limited by a contractual monetary amount. These indemnification agreements survive until the applicable statutes of limitation expire or until the agreed upon contract terms expire.
We are subject, from time to time, to various claims and contingencies related to lawsuits, taxes, and environmental matters, as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. Although the ultimate liability for these matters cannot be determined at this point, based on information currently available, we do not expect the ultimate resolution of such claims and litigation to have a material effect on our condensed consolidated financial statements.
Segment Information SEGMENT INFORMATION
Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the chief operating decision maker ("CODM") to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer. Following the ALG Acquisition during the year ended December 31, 2021, ALG is managed as a separate reportable segment, but in the future, we may realign our reportable segments after integrating aspects of ALG's business. We define our reportable segments as follows:
•Owned and leased hotels—This segment derives its earnings from owned and leased hotel properties located predominantly in the United States but also in certain international locations, and for purposes of segment Adjusted EBITDA, includes our pro rata share of the Adjusted EBITDA of our unconsolidated hospitality ventures, based on our ownership percentage of each venture. Adjusted EBITDA includes intercompany expenses related to management fees paid to the Company's management and franchising segments, which are eliminated in consolidation. Intersegment revenues relate to promotional award redemptions earned by our owned and leased hotels related to our co-branded credit card program and are eliminated in consolidation.
•Americas management and franchising—This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in the United States, Canada, the Caribbean, Mexico, Central America, and South America, as well as revenues from residential management operations. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to payroll at managed properties where the Company is the employer, as well as costs associated with sales, reservations, digital and technology, digital media, and marketing services (collectively, "system-wide services") and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation.
•ASPAC management and franchising—This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Southeast Asia, Greater China, Australia, New Zealand, South Korea, Japan, and Micronesia. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties.
•EAME/SW Asia management and franchising—This segment derives its earnings primarily from a combination of hotel management services and licensing of our portfolio of brands to franchisees located in Europe, Africa, the Middle East, India, Central Asia, and Nepal. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate primarily to system-wide services and the loyalty program operated on behalf of owners of managed and franchised properties. The intersegment revenues relate to management fees earned from the Company's owned and leased hotels and are eliminated in consolidation.
•Apple Leisure Group—This segment derives its earnings from distribution and destination management services offered through ALG Vacations; management and marketing services primarily for all-inclusive ALG resorts located in Mexico, the Caribbean, Central America, South America, and Europe; and through a paid membership program offering benefits exclusively at ALG resorts in Mexico, the Caribbean, and Central America. This segment's revenues also include the reimbursement of costs incurred on behalf of managed and franchised properties. These reimbursed costs relate to certain system-wide services provided on behalf of owners of ALG resorts.
As previously announced, the Company plans a geographic realignment of its Europe, Africa & Middle East (EAME) region in which the Indian subcontinent will become part of the ASPAC management and franchising segment. This change is expected to be effective on January 1, 2023.
Our CODM evaluates performance based on owned and leased hotels revenues; management, franchise, and other fees revenues; distribution and destination management revenues; other revenues; and Adjusted EBITDA. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define Adjusted EBITDA as net income (loss) attributable to Hyatt Hotels Corporation plus our pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA based on our ownership percentage of each owned and leased venture, adjusted to exclude interest expense; benefit (provision) for income taxes; depreciation and amortization; amortization of management and franchise agreement assets and performance cure payments, which constitute payments to customers ("Contra revenue"); revenues for the reimbursement of costs incurred on behalf of managed and franchised properties; costs incurred on behalf of managed and franchised properties that we intend to recover over the long term; equity earnings (losses) from unconsolidated hospitality ventures; stock-based compensation expense; gains (losses) on sales of real estate and other; asset impairments; and other income (loss), net.
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following tables present our revenues disaggregated by the nature of the product or service:
Three Months Ended June 30, 2022
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingApple Leisure GroupCorporate and otherEliminationsTotal
Rooms revenues$209 $— $— $— $4 $— $(8)$205 
Food and beverage87 — — — — — — 87 
Other 39 — — — — — — 39 
Owned and leased hotels335 — — — 4 — (8)331 
Base management fees— 61 8 11 9 — (10)79 
Incentive management fees— 18 6 8 17 — (4)45 
Franchise fees— 50 1 1 — — — 52 
Other fees— 3 3 1 10 11 — 28 
Management, franchise, and other fees— 132 18 21 36 11 (14)204 
Contra revenue— (6)(1)(2)— — — (9)
Net management, franchise, and other fees— 126 17 19 36 11 (14)195 
Distribution and destination management— — — — 256 — — 256 
Other revenues— 25 — — 33 2 1 61 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 557 34 23 26 — — 640 
Total$335 $708 $51 $42 $355 $13 $(21)$1,483 
Six Months Ended June 30, 2022
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingApple Leisure GroupCorporate and otherEliminationsTotal
Rooms revenues$376 $— $— $— $4 $— $(14)$366 
Food and beverage156 — — — — — — 156 
Other80 — — — — — — 80 
Owned and leased hotels612 — — — 4 — (14)602 
Base management fees— 107 16 17 17 — (18)139 
Incentive management fees— 30 10 15 36 — (6)85 
Franchise fees— 84 1 2 — — — 87 
Other fees— 6 5 2 13 21 — 47 
Management, franchise, and other fees— 227 32 36 66 21 (24)358 
Contra revenue— (12)(2)(4)— — — (18)
Net management, franchise, and other fees— 215 30 32 66 21 (24)340 
Distribution and destination management— — — — 502 — — 502 
Other revenues— 63 — — 67 6 2 138 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 1,018 63 44 55 — — 1,180 
Total$612 $1,296 $93 $76 $694 $27 $(36)$2,762 

Three Months Ended June 30, 2021
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingCorporate and otherEliminationsTotal
Rooms revenues$117 $— $— $— $— $(3)$114 
Food and beverage 43 — — — — — 43 
Other 34 — — — — — 34 
Owned and leased hotels194 — — — — (3)191 
Base management fees— 30 9 3 — (6)36 
Incentive management fees— 4 6 3 — (1)12 
Franchise fees— 28 1 — — — 29 
Other fees— 4 4 — 8 — 16 
Management, franchise, and other fees— 66 20 6 8 (7)93 
Contra revenue— (5)(1)(3)— — (9)
Net management, franchise, and other fees— 61 19 3 8 (7)84 
Other revenues— 19 — — 3 — 22 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 327 24 15 — — 366 
Total$194 $407 $43 $18 $11 $(10)$663 
Six Months Ended June 30, 2021
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingCorporate and otherEliminationsTotal
Rooms revenues$179 $— $— $— $— $(6)$173 
Food and beverage63 — — — — — 63 
Other59 — — — — — 59 
Owned and leased hotels301 — — — — (6)295 
Base management fees— 46 17 6 — (9)60 
Incentive management fees— 5 11 5 — (1)20 
Franchise fees— 45 1 — — — 46 
Other fees— 8 6 2 14 — 30 
Management, franchise, and other fees— 104 35 13 14 (10)156 
Contra revenue— (9)(2)(6)— — (17)
Net management, franchise, and other fees— 95 33 7 14 (10)139 
Other revenues— 36 — — 5 — 41 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 554 44 28 — — 626 
Total$301 $685 $77 $35 $19 $(16)$1,101 
Summary of Contract Liability
Contract liabilities were comprised of the following:
June 30, 2022December 31, 2021
Deferred revenue related to the paid membership program$943 $833 
Deferred revenue related to the loyalty program875 814 
Deferred revenue related to travel distribution and destination management services721 629 
Advanced deposits52 61 
Initial fees received from franchise owners44 42 
Deferred revenue related to insurance programs22 52 
Other deferred revenue86 96 
Total contract liabilities$2,743 $2,527 
The following table summarizes the activity in our contract liabilities:
20222021
Beginning balance, January 1$2,527 $941 
Cash received and other1,410 105 
Revenue recognized(1,245)(86)
Ending balance, March 31$2,692 $960 
Cash received and other1,283 133 
Revenue recognized(1,232)(115)
Ending balance, June 30$2,743 $978 
v3.22.2
DEBT AND EQUITY SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities Held to Fund Operating Programs
Marketable Securities Held to Fund Operating Programs—Marketable securities held to fund operating programs, which are recorded at fair value on our condensed consolidated balance sheets, were as follows:
June 30, 2022December 31, 2021
Loyalty program (Note 8)
$654 $601 
Deferred compensation plans held in rabbi trusts (Note 8 and Note 10)
426 543 
Captive insurance company (Note 8)
114 148 
Total marketable securities held to fund operating programs$1,194 $1,292 
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments(254)(173)
Marketable securities held to fund operating programs included in other assets$940 $1,119 
Schedule of Net Gains and Interest Income from Marketable Securities Held to Fund Operating Programs
Net unrealized and realized gains (losses) from marketable securities held to fund operating programs recognized on our condensed consolidated financial statements were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Unrealized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$(46)$20 $(78)$23 
Other income (loss), net (Note 18)(12)4 (30)(5)
Other comprehensive loss (Note 13)(3)— (10)(1)
Realized gains, net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$— $4 $1 $13 
Schedule of Marketable Securities Held for Investment Purposes Marketable securities held for investment purposes, which are recorded at cost or fair value, depending on the nature of the investment, on our condensed consolidated balance sheets, were as follows:
June 30, 2022December 31, 2021
Interest-bearing money market funds$765 $231 
Time deposits (1)379 255 
Common shares in Playa N.V. (Note 8)
83 97 
Total marketable securities held for investment purposes$1,227 $583 
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments(1,144)(486)
Marketable securities held for investment purposes included in other assets$83 $97 
(1) Time deposits have contractual maturity dates in 2022.
Schedule of Unrealized Gain (Loss) on Investments Net unrealized gains (losses) recognized on our condensed consolidated statements of income (loss) were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Other income (loss), net (Note 18)$(22)$1 $(14)$18 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis We measure marketable securities held to fund operating programs and held for investment purposes at fair value on a recurring basis:
June 30, 2022Cash and cash equivalentsShort-term investmentsOther assets
Level One - Quoted Prices in Active Markets for Identical Assets
Interest-bearing money market funds$871 $871 $— $— 
Mutual funds487 — — 487 
Common shares in Playa N.V.83 — — 83 
Level Two - Significant Other Observable Inputs
Time deposits518 — 515 3 
U.S. government obligations234 — 3 231 
U.S. government agencies56 — 2 54 
Corporate debt securities119 — 7 112 
Mortgage-backed securities23 — — 23 
Asset-backed securities24 — — 24 
Municipal and provincial notes and bonds6 — — 6 
Total$2,421 $871 $527 $1,023 
December 31, 2021Cash and cash equivalentsShort-term investmentsOther assets
Level One - Quoted Prices in Active Markets for Identical Assets
Interest-bearing money market funds$397 $397 $— $— 
Mutual funds632 — — 632 
Common shares in Playa N.V.97 — — 97 
Level Two - Significant Other Observable Inputs
Time deposits259 35 221 3 
U.S. government obligations235 — — 235 
U.S. government agencies58 — — 58 
Corporate debt securities137 — 6 131 
Mortgage-backed securities24 — — 24 
Asset-backed securities28 — — 28 
Municipal and provincial notes and bonds8 — — 8 
Total$1,875 $432 $227 $1,216 
Schedule of Debt Securities, Held-to-maturity We also hold investments in third-party entities related to certain of our hotels, which are redeemable on various dates through 2062 and are recorded as HTM debt securities within other assets on our condensed consolidated balance sheets:
June 30, 2022December 31, 2021
HTM debt securities$113 $91 
Less: allowance for credit losses(40)(38)
Total HTM debt securities, net of allowances$73 $53 
Schedule of Debt Securities, Held-to-maturity, Allowance for Credit Loss
The following table summarizes the activity in our HTM debt securities allowance for credit losses:
20222021
Allowance at January 1$38 $21 
Provisions (1)1 1 
Allowance at March 31$39 $22 
Provisions (1)1 7 
Allowance at June 30$40 $29 
(1) Provisions for credit losses were partially or fully offset by interest income recognized in the same periods (see Note 18).
v3.22.2
RECEIVABLES (Tables)
 6 Months Ended
Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Accounts Receivable, Allowance for Credit Loss
The following table summarizes the activity in our receivables allowance for credit losses:
20222021
Allowance at January 1$53 $56 
Provisions7 1 
Other (4)— 
Allowance at March 31$56 $57 
Provisions6 4 
Other(3)(3)
Allowance at June 30$59 $58 
Schedule of Financing Receivables
June 30, 2022December 31, 2021
Unsecured financing to hotel owners$137 $133 
Less: current portion of financing receivables, included in receivables, net(14)(23)
Less: allowance for credit losses(60)(69)
Total long-term financing receivables, net of allowances$63 $41 
Schedule of Allowance for Losses and Impairments The following table summarizes the activity in our unsecured financing receivables allowance for credit losses:
20222021
Allowance at January 1$69 $114 
Provisions— 3 
Foreign currency exchange, net3 (2)
Allowance at March 31$72 $115 
Provisions and reversals, net(7)3 
Write-offs(1)— 
Foreign currency exchange, net(4)2 
Allowance at June 30$60 $120 
Schedule of Credit Monitoring Our unsecured financing receivables were as follows:
June 30, 2022
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$135 $(59)$76 $48 
Other financing arrangements2 (1)1 — 
Total unsecured financing receivables$137 $(60)$77 $48 
December 31, 2021
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$130 $(67)$63 $47 
Other financing arrangements3 (2)1 — 
Total unsecured financing receivables$133 $(69)$64 $47 
v3.22.2
ACQUISITIONS AND DISPOSITIONS (Tables)
 6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Identifiable Net Assets Acquired
Net assets acquired were determined as follows:
Cash paid, net of cash acquired$2,718 
Cash and cash equivalents acquired460 
Restricted cash acquired16 
Net assets acquired$3,194 
The following table summarizes the preliminary fair value of the identifiable net assets acquired recorded on the Apple Leisure Group segment at June 30, 2022:
Cash and cash equivalents$460 
Restricted cash16 
Receivables168 
Prepaids and other assets74 
Property and equipment6 
Financing receivables, net19 
Operating lease right-of-use assets78 
Goodwill (1)2,808 
Indefinite-lived intangibles (2)503 
Management agreement intangibles (3)481 
Customer relationships intangibles (4)608 
Other intangibles15 
Other assets42 
Total assets acquired$5,278 
Accounts payable$255 
Accrued expenses and other current liabilities97 
Current contract liabilities (5)646 
Accrued compensation and benefits49 
Current operating lease liabilities8 
Long-term contract liabilities (5)747 
Long-term operating lease liabilities70 
Other long-term liabilities212 
Total liabilities assumed$2,084 
Total net assets acquired attributable to Hyatt Hotels Corporation$3,194 
(1) The goodwill is attributable to the growth opportunities we expect to realize by expanding our footprint in luxury and resort travel, expanding our platform for growth, increasing choices and experiences for guests, and enhancing end-to-end leisure travel offerings. Goodwill of $36 million is tax deductible.
(2) Includes intangible assets related to various ALG brand names.
(3) Amortized over useful lives of approximately 1 to 15 years, with a weighted-average useful life of approximately 11 years.
(4) Amortized over useful lives of 4 to 11 years, with a weighted-average useful life of approximately 8 years.
(5) Contract liabilities assumed were recorded at carrying value at the date of acquisition.
Schedule Of Asset Acquisition
Net assets acquired were determined as follows:
Cash paid$6 
Repayment of third-party mortgage loan78 
Fair value of our previously-held equity method investment6 
Net assets acquired$90 
v3.22.2
INTANGIBLES, NET (Tables)
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
June 30, 2022Weighted-
average useful
lives in years		December 31, 2021
Management and franchise agreement intangibles$814 14$835 
Brand and other indefinite-lived intangibles626 — 646 
Customer relationships intangibles608 9586 
Other intangibles21 558 
Intangibles2,069 2,125 
Less: accumulated amortization(259)(148)
Intangibles, net$1,810 $1,977 
Schedule of Indefinite-Lived Intangible Assets
June 30, 2022Weighted-
average useful
lives in years		December 31, 2021
Management and franchise agreement intangibles$814 14$835 
Brand and other indefinite-lived intangibles626 — 646 
Customer relationships intangibles608 9586 
Other intangibles21 558 
Intangibles2,069 2,125 
Less: accumulated amortization(259)(148)
Intangibles, net$1,810 $1,977 
Schedule of Intangible Assets Amortization Expense
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Amortization expense$51 $7 $111 $14 
v3.22.2
OTHER ASSETS (Tables)
 6 Months Ended
Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
June 30, 2022December 31, 2021
Management and franchise agreement assets constituting payments to customers (1) $619 $571 
Marketable securities held to fund rabbi trusts (Note 4)426 543 
Marketable securities held to fund the loyalty program (Note 4)414 439 
Marketable securities held for captive insurance company (Note 4)100 137 
Long-term investments (Note 4)85 65 
Common shares in Playa N.V. (Note 4)83 97 
Long-term restricted cash37 48 
Other181 134 
Total other assets$1,945 $2,034 
(1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.
v3.22.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Fair Value, by Balance Sheet Grouping
Our Senior Notes are classified as Level Two due to the use and weighting of multiple market inputs in the final price of the security. We estimated the fair value of other debt instruments using a discounted cash flow analysis based on current market inputs for similar types of arrangements. Based on the lack of available market data, we have classified our revolving credit facility, as applicable, and other debt instruments as Level Three. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in our assumptions will result in different estimates of fair value.
June 30, 2022
Carrying valueFair valueQuoted prices in active markets for identical assets (Level One)Significant other observable inputs (Level Two)Significant unobservable inputs (Level Three)
Debt (1)$3,817 $3,748 $— $3,707 $41 
(1) Excludes $7 million of finance lease obligations and $20 million of unamortized discounts and deferred financing fees.
December 31, 2021
Carrying valueFair valueQuoted prices in active markets for identical assets (Level One)Significant other observable inputs (Level Two)Significant unobservable inputs (Level Three)
Debt (2)$4,000 $4,230 $— $4,193 $37 
(2) Excludes $7 million of finance lease obligations and $29 million of unamortized discounts and deferred financing fees.
v3.22.2
OTHER LONG-TERM LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2022
Other Liabilities [Abstract]  
Schedule of Other Long-Term Liabilities
June 30, 2022December 31, 2021
Deferred compensation plans funded by rabbi trusts (Note 4)$426 $543 
Income taxes payable299 281 
Guarantee liabilities (Note 12)147 92 
Deferred income taxes (Note 11)79 93 
Self-insurance liabilities (Note 12)66 66 
Other55 64 
Total other long-term liabilities$1,072 $1,139 
v3.22.2
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Debt Repayment and Other Guarantees We enter into various debt repayment guarantees in order to assist hotel owners and unconsolidated hospitality ventures in obtaining third-party financing or to obtain more favorable borrowing terms.
Geographical regionMaximum potential future paymentsMaximum exposure net of recoverability from third partiesOther long-term liabilities recorded at June 30, 2022Other long-term liabilities recorded at December 31, 2021Year of guarantee expiration
United States (1), (2)$134 $51 $6 $10 various, through 2024
All foreign (1), (3)207 197 32 41 various, through 2031
Total $341 $248 $38 $51 
(1) We have agreements with our unconsolidated hospitality venture partners or the respective hotel owners to recover certain amounts funded under the debt repayment guarantee; the recoverability mechanism may be in the form of cash or HTM debt security.
(2) Certain agreements give us the ability to assume control of the property if defined funding thresholds are met or if certain events occur.
(3) Certain debt repayment guarantees are denominated in Indian rupees and translated using exchange rates at June 30, 2022. We have the contractual right to recover amounts funded from an unconsolidated hospitality venture, which is a related party. We expect our maximum exposure to be approximately $93 million, taking into account our partner's 50% ownership interest in the unconsolidated hospitality venture. Under certain events or conditions, we have the right to force the sale of the properties in order to recover amounts funded.
v3.22.2
EQUITY (Tables)
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss, net of insignificant tax impacts, were as follows:
Balance at
April 1, 2022 		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at
June 30, 2022
Foreign currency translation adjustments (1)$(185)$(39)$5 $(219)
Unrealized losses on AFS debt securities(8)(3)— (11)
Unrecognized pension benefit (cost)(6)1 1 (4)
Unrealized gains (losses) on derivative instruments (2)(32)— 1 (31)
Accumulated other comprehensive loss$(231)$(41)$7 $(265)
(1) The amount reclassified from accumulated other comprehensive loss includes realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in an unconsolidated hospitality venture (see Note 4).
(2) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.
Balance at
January 1, 2022		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at June 30, 2022
Foreign currency translation adjustments (3)$(206)$(18)$5 $(219)
Unrealized losses on AFS debt securities(1)(10)— (11)
Unrecognized pension cost(4)— — (4)
Unrealized gains (losses) on derivative instruments (4)(34)— 3 (31)
Accumulated other comprehensive loss$(245)$(28)$8 $(265)
(3) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in an unconsolidated hospitality venture (see Note 4).
(4) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks. We expect to reclassify $6 million of losses over the next 12 months.
Balance at
April 1, 2021		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at
June 30, 2021
Foreign currency translation adjustments (5)$(191)$15 $2 $(174)
Unrealized gains (losses) on AFS debt securities— — — — 
Unrecognized pension cost(7)— — (7)
Unrealized gains (losses) on derivative instruments (6)(39)— 2 (37)
Accumulated other comprehensive loss$(237)$15 $4 $(218)
(5) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the disposition of our ownership interest in certain unconsolidated hospitality ventures (see Note 4).
(6) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.
Balance at
January 1, 2021 		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive loss
Balance at June 30, 2021
Foreign currency translation adjustments (7)$(145)$(9)$(20)$(174)
Unrealized gains (losses) on AFS debt securities1 (1)— — 
Unrecognized pension cost(7)— — (7)
Unrealized gains (losses) on derivative instruments (8)(41)— 4 (37)
Accumulated other comprehensive loss$(192)$(10)$(16)$(218)
(7) The amount reclassified from accumulated other comprehensive loss included realized net gains recognized in equity earnings (losses) from unconsolidated hospitality ventures related to the acquisition of the remaining interest in the entities which own Grand Hyatt São Paulo (see Note 6) and the disposition of our ownership interest in certain unconsolidated hospitality ventures (see Note 4).
(8) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense related to the settlement of interest rate locks.
v3.22.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Compensation Expense Related to Long-Term Incentive Plan Stock-based compensation expense recognized in selling, general, and administrative expenses on our condensed consolidated statements of income (loss) related to these awards was as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
SARs$1 $1 $11 $10 
RSUs8 3 24 16 
PSUs 3 4 5 10 
Total$12 $8 $40 $36 
v3.22.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summarized Consolidated Financial Information by Segment The table below shows summarized consolidated financial information by segment. Included within corporate and other are results related to our co-branded credit card program and unallocated corporate expenses.
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Owned and leased hotels
Owned and leased hotels revenues$335 $194 $612 $301 
Intersegment revenues (1)8 3 14 6 
Adjusted EBITDA99 12 153 (17)
Depreciation and amortization44 58 96 117 
Americas management and franchising
Management, franchise, and other fees revenues132 66 227 104 
Contra revenue(6)(5)(12)(9)
Other revenues25 19 63 36 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties557 327 1,018 554 
Intersegment revenues (1)12 7 21 10 
Adjusted EBITDA117 54 202 82 
Depreciation and amortization6 6 11 11 
ASPAC management and franchising
Management, franchise, and other fees revenues18 20 32 35 
Contra revenue(1)(1)(2)(2)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties34 24 63 44 
Adjusted EBITDA6 10 11 15 
Depreciation and amortization1 1 1 2 
EAME/SW Asia management and franchising
Management, franchise, and other fees revenues21 6 36 13 
Contra revenue(2)(3)(4)(6)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties23 15 44 28 
Intersegment revenues (1)2 — 3 — 
Adjusted EBITDA13 (1)19 (1)
Apple Leisure Group
Owned and leased hotels revenue4 — 4 — 
Management, franchise, and other fees revenues36 — 66 — 
Distribution and destination management revenues256 — 502 — 
Other revenues33 — 67 — 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties26 — 55 — 
Adjusted EBITDA54 — 110 — 
Depreciation and amortization47 — 102 — 
Corporate and other
Revenues13 11 27 19 
Intersegment revenues (1)(1)— (2)— 
Adjusted EBITDA(34)(21)(72)(45)
Depreciation and amortization7 9 14 18 
Eliminations
Revenues (1)(21)(10)(36)(16)
Adjusted EBITDA — 1 1 1 
TOTAL
Revenues$1,483 $663 $2,762 $1,101 
Adjusted EBITDA255 55 424 35 
Depreciation and amortization105 74 224 148 
(1) Intersegment revenues are included in management, franchise, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated in Eliminations.
Schedule of Reconciliation of Consolidated Adjusted EBITDA to EBITDA and a Reconciliation of EBITDA to Net Income Attributable to Hyatt Hotels Corporation
The table below provides a reconciliation of our net income (loss) attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Net income (loss) attributable to Hyatt Hotels Corporation$206 $(9)$133 $(313)
Interest expense38 42 78 83 
Provision for income taxes106 15 108 201 
Depreciation and amortization105 74 224 148 
EBITDA455 122 543 119 
Contra revenue9 9 18 17 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties(640)(366)(1,180)(626)
Costs incurred on behalf of managed and franchised properties628 375 1,184 652 
Equity (earnings) losses from unconsolidated hospitality ventures(1)34 8 (20)
Stock-based compensation expense (Note 14)
12 8 40 36 
Gains on sales of real estate (Note 6)
(251)(105)(251)(105)
Asset impairments7 2 10 2 
Other (income) loss, net (Note 18)
19 (25)29 (37)
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA17 1 23 (3)
Adjusted EBITDA$255 $55 $424 $35 
v3.22.2
EARNINGS (LOSSES) PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of the Calculation of Basic and Diluted Earnings (Losses) Per Share
The calculation of basic and diluted earnings (losses) per share, including a reconciliation of the numerator and denominator, is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Numerator:
Net income (loss)$206 $(9)$133 $(313)
Net income (loss) attributable to noncontrolling interests— — — — 
Net income (loss) attributable to Hyatt Hotels Corporation$206 $(9)$133 $(313)
Denominator:
Basic weighted-average shares outstanding109,953,302 101,898,773 110,062,212 101,713,331 
Share-based compensation1,973,560 — 2,120,840 — 
Diluted weighted-average shares outstanding111,926,862 101,898,773 112,183,052 101,713,331 
Basic Earnings (Losses) Per Share:
Net income (loss)$1.88 $(0.08)$1.21 $(3.07)
Net income (loss) attributable to noncontrolling interests— — — — 
Net income (loss) attributable to Hyatt Hotels Corporation$1.88 $(0.08)$1.21 $(3.07)
Diluted Earnings (Losses) Per Share:
Net income (loss)$1.85 $(0.08)$1.19 $(3.07)
Net income (loss) attributable to noncontrolling interests— — — — 
Net income (loss) attributable to Hyatt Hotels Corporation$1.85 $(0.08)$1.19 $(3.07)
Schedule of Antidilutive Securities Excluded from Computation of Losses Per Share
The computations of diluted net earnings (losses) per share for the three and six months ended June 30, 2022 and June 30, 2021 do not include the following shares of Class A common stock assumed to be issued as stock-settled SARs and RSUs because they are anti-dilutive.
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
SARs11,500 1,321,700 9,200 1,317,600 
RSUs10,500 587,900 1,700 584,100 
v3.22.2
OTHER INCOME (LOSS), NET (Tables)
 6 Months Ended
Jun. 30, 2022
Other Income and Expenses [Abstract]  
Schedule of Other Income (Loss), Net
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Unrealized gains (losses), net (Note 4)$(34)$5 $(44)$13 
Loss on extinguishment of debt (Note 9)(8)— (8)— 
Foreign currency gains (losses), net(3)13 (2)7 
Performance guarantee expense (Note 12)(1)(4)(8)(5)
Depreciation recovery 4 5 8 9 
Performance guarantee liability amortization (Note 12) 5 — 7 1 
Credit loss provisions and reversals, net (Note 4 and Note 5)6 (8)5 (10)
Interest income 9 8 15 14 
Other, net3 6 (2)8 
Other income (loss), net$(19)$25 $(29)$37 
v3.22.2
ORGANIZATION (Details)
Jun. 30, 2022
room
hotel
country
Organization  
Number of countries in which entity operates | country 72
Full Service  
Organization  
Number of hotels operated or franchised 525
Number of rooms operated or franchised | room 172,729
Number of hotels operated or marketed 121
Number of rooms operated or marketed | room 38,654
Select Service  
Organization  
Number of hotels operated or franchised 548
Number of rooms operated or franchised | room 79,604
Select Service | United States  
Organization  
Number of hotels operated or franchised 444
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS- Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Disaggregation of Revenue [Line Items]        
Revenues $ 1,483 $ 663 $ 2,762 $ 1,101
Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 331 191 602 295
Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues 205 114 366 173
Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 87 43 156 63
Other        
Disaggregation of Revenue [Line Items]        
Revenues 39 34 80 59
Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 195 84 340 139
Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 204 93 358 156
Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues 79 36 139 60
Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues 45 12 85 20
Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 52 29 87 46
Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 28 16 47 30
Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues (9) (9) (18) (17)
Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 256 0 502 0
Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 61 22 138 41
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 640 366 1,180 626
Operating Segments | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 335 194 612 301
Operating Segments | Owned and leased hotels | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 335 194 612 301
Operating Segments | Owned and leased hotels | Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues 209 117 376 179
Operating Segments | Owned and leased hotels | Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 87 43 156 63
Operating Segments | Owned and leased hotels | Other        
Disaggregation of Revenue [Line Items]        
Revenues 39 34 80 59
Operating Segments | Owned and leased hotels | Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | Owned and leased hotels | Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Americas management and franchising        
Disaggregation of Revenue [Line Items]        
Revenues 708 407 1,296 685
Operating Segments | Americas management and franchising | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Americas management and franchising | Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Americas management and franchising | Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Americas management and franchising | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Americas management and franchising | Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 126 61 215 95
Operating Segments | Americas management and franchising | Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 132 66 227 104
Operating Segments | Americas management and franchising | Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues 61 30 107 46
Operating Segments | Americas management and franchising | Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues 18 4 30 5
Operating Segments | Americas management and franchising | Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 50 28 84 45
Operating Segments | Americas management and franchising | Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 3 4 6 8
Operating Segments | Americas management and franchising | Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues (6) (5) (12) (9)
Operating Segments | Americas management and franchising | Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | Americas management and franchising | Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 25 19 63 36
Operating Segments | Americas management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 557 327 1,018 554
Operating Segments | ASPAC management and franchising        
Disaggregation of Revenue [Line Items]        
Revenues 51 43 93 77
Operating Segments | ASPAC management and franchising | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | ASPAC management and franchising | Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | ASPAC management and franchising | Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | ASPAC management and franchising | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | ASPAC management and franchising | Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 17 19 30 33
Operating Segments | ASPAC management and franchising | Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 18 20 32 35
Operating Segments | ASPAC management and franchising | Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues 8 9 16 17
Operating Segments | ASPAC management and franchising | Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues 6 6 10 11
Operating Segments | ASPAC management and franchising | Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 1 1 1 1
Operating Segments | ASPAC management and franchising | Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 3 4 5 6
Operating Segments | ASPAC management and franchising | Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues (1) (1) (2) (2)
Operating Segments | ASPAC management and franchising | Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | ASPAC management and franchising | Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | ASPAC management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 34 24 63 44
Operating Segments | EAME/SW Asia management and franchising        
Disaggregation of Revenue [Line Items]        
Revenues 42 18 76 35
Operating Segments | EAME/SW Asia management and franchising | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | EAME/SW Asia management and franchising | Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | EAME/SW Asia management and franchising | Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | EAME/SW Asia management and franchising | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | EAME/SW Asia management and franchising | Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 19 3 32 7
Operating Segments | EAME/SW Asia management and franchising | Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 21 6 36 13
Operating Segments | EAME/SW Asia management and franchising | Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues 11 3 17 6
Operating Segments | EAME/SW Asia management and franchising | Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues 8 3 15 5
Operating Segments | EAME/SW Asia management and franchising | Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 1 0 2 0
Operating Segments | EAME/SW Asia management and franchising | Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 1 0 2 2
Operating Segments | EAME/SW Asia management and franchising | Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues (2) (3) (4) (6)
Operating Segments | EAME/SW Asia management and franchising | Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | EAME/SW Asia management and franchising | Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | EAME/SW Asia management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 23 15 44 28
Operating Segments | Apple Leisure Group        
Disaggregation of Revenue [Line Items]        
Revenues 355   694  
Operating Segments | Apple Leisure Group | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 4 0 4 0
Operating Segments | Apple Leisure Group | Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues 4   4  
Operating Segments | Apple Leisure Group | Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | Apple Leisure Group | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | Apple Leisure Group | Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 36   66  
Operating Segments | Apple Leisure Group | Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 36 0 66 0
Operating Segments | Apple Leisure Group | Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues 9   17  
Operating Segments | Apple Leisure Group | Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues 17   36  
Operating Segments | Apple Leisure Group | Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | Apple Leisure Group | Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 10   13  
Operating Segments | Apple Leisure Group | Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Operating Segments | Apple Leisure Group | Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 256 0 502 0
Operating Segments | Apple Leisure Group | Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 33 0 67 0
Operating Segments | Apple Leisure Group | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 26 0 55 0
Corporate and other        
Disaggregation of Revenue [Line Items]        
Revenues 13 11 27 19
Corporate and other | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 11 8 21 14
Corporate and other | Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues 11 8 21 14
Corporate and other | Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 11 8 21 14
Corporate and other | Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Corporate and other | Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Corporate and other | Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 2 3 6 5
Corporate and other | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Eliminations        
Disaggregation of Revenue [Line Items]        
Revenues (21) (10) (36) (16)
Eliminations | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues (8) (3) (14) (6)
Eliminations | Rooms revenues        
Disaggregation of Revenue [Line Items]        
Revenues (8) (3) (14) (6)
Eliminations | Food and beverage        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Eliminations | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Eliminations | Net management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues (14) (7) (24) (10)
Eliminations | Management, franchise, and other fees        
Disaggregation of Revenue [Line Items]        
Revenues (14) (7) (24) (10)
Eliminations | Base management fees        
Disaggregation of Revenue [Line Items]        
Revenues (10) (6) (18) (9)
Eliminations | Incentive management fees        
Disaggregation of Revenue [Line Items]        
Revenues (4) (1) (6) (1)
Eliminations | Franchise fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Eliminations | Other fees        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Eliminations | Contra revenue        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Eliminations | Distribution and destination management        
Disaggregation of Revenue [Line Items]        
Revenues 0   0  
Eliminations | Other revenues        
Disaggregation of Revenue [Line Items]        
Revenues 1 0 2 0
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Eliminations | Owned and leased hotels        
Disaggregation of Revenue [Line Items]        
Revenues (8) (3) (14) (6)
Eliminations | Americas management and franchising        
Disaggregation of Revenue [Line Items]        
Revenues (12) (7) (21) (10)
Eliminations | EAME/SW Asia management and franchising        
Disaggregation of Revenue [Line Items]        
Revenues $ (2) $ 0 $ (3) $ 0
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Liability Balances (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]            
Total contract liabilities $ 2,743 $ 2,692 $ 2,527 $ 978 $ 960 $ 941
Deferred revenue related to the paid membership program            
Disaggregation of Revenue [Line Items]            
Total contract liabilities 943   833      
Deferred revenue related to the loyalty program            
Disaggregation of Revenue [Line Items]            
Total contract liabilities 875   814      
Deferred revenue related to travel distribution and destination management services            
Disaggregation of Revenue [Line Items]            
Total contract liabilities 721   629      
Advanced deposits            
Disaggregation of Revenue [Line Items]            
Total contract liabilities 52   61      
Initial fees received from franchise owners            
Disaggregation of Revenue [Line Items]            
Total contract liabilities 44   42      
Deferred revenue related to insurance programs            
Disaggregation of Revenue [Line Items]            
Total contract liabilities 22   52      
Other deferred revenue            
Disaggregation of Revenue [Line Items]            
Total contract liabilities $ 86   $ 96      
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS- Activity in Contract Liability Balances (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]            
Contract liabilities, beginning balance $ 2,692 $ 2,527 $ 960 $ 941 $ 2,527 $ 941
Cash received and other 1,283 1,410 133 105    
Revenue recognized (1,232) (1,245) (115) (86)    
Contract liabilities, ending balance 2,743 $ 2,692 978 $ 960 2,743 978
Revenue recognized from opening balance $ 168   $ 78   $ 669 $ 147
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS- Remaining Performance Obligation (Details)
$ in Millions
Jun. 30, 2022
USD ($)
Revenue from Contract with Customer [Abstract]  
Remaining performance obligation $ 475
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation, percent recognized 20.00%
Remaining performance obligation, period 12 months
v3.22.2
DEBT AND EQUITY SECURITIES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2020
Dec. 31, 2021
Schedule of Debt and Equity Method Investments            
Equity method investments $ 185   $ 185     $ 216
Foreign currency translation adjustment     8 $ (16)    
HTM debt securities 73   73     53
Held-to-maturity securities, fair value 100   100     77
Equity securities without a readily determinable fair value 12   12     12
Held for Operating Programs            
Schedule of Debt and Equity Method Investments            
Available-for-sale debt securities 164   164     141
Equity securities 61   61     89
Affiliated Entity | World Of Hyatt | Held for Operating Programs            
Schedule of Debt and Equity Method Investments            
HTM debt securities 139   139      
Affiliated Entity | Xenia | Held for Operating Programs            
Schedule of Debt and Equity Method Investments            
HTM debt securities           $ 4
Foreign currency translation adjustments            
Schedule of Debt and Equity Method Investments            
Foreign currency translation adjustment 5 $ 2 5 (20)    
Owned and leased hotels            
Schedule of Debt and Equity Method Investments            
Equity method investment, net sales proceeds 23 17 23 17    
Equity method investment, realized gain on disposal 4 0 4 0    
Owned and leased hotels | Foreign currency translation adjustments            
Schedule of Debt and Equity Method Investments            
Foreign currency translation adjustment $ 5   $ 5      
Grand Hyatt Sao Paulo            
Schedule of Debt and Equity Method Investments            
Cash acquired       6    
Repayment of third-party mortgage loan   $ 78   78 $ 78  
Gain on asset acquisition       $ 69 $ 69  
v3.22.2
DEBT AND EQUITY SECURITIES - Held to Fund Operating Programs (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Held for Operating Programs    
Schedule of Investments    
Total marketable securities held to fund operating programs $ 1,194 $ 1,292
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments (254) (173)
Marketable securities held to fund operating programs included in other assets 940 1,119
Loyalty program    
Schedule of Investments    
Total marketable securities held to fund operating programs 654 601
Deferred compensation plans held in rabbi trusts    
Schedule of Investments    
Total marketable securities held to fund operating programs 426 543
Captive insurance company    
Schedule of Investments    
Total marketable securities held to fund operating programs $ 114 $ 148
v3.22.2
DEBT AND EQUITY SECURITIES - Gain (loss) on Investments Held to Fund Operating Programs (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Unrealized gains (losses), net        
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts $ (46) $ 20 $ (78) $ 23
Other income (loss), net (12) 4 (30) (5)
Other comprehensive loss (3) 0 (10) (1)
Realized gains, net        
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts $ 0 $ 4 $ 1 $ 13
v3.22.2
DEBT AND EQUITY SECURITIES - Held for Investment Purposes (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Schedule of Investments    
Common shares in Playa N.V. (Note 8) $ 83 $ 97
Held for Investment Purposes    
Schedule of Investments    
Interest-bearing money market funds 765 231
Time deposits 379 255
Common shares in Playa N.V. (Note 8) 83 97
Total marketable securities held to fund operating programs 1,227 583
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (1,144) (486)
Marketable securities held for investment purposes included in other assets $ 83 $ 97
v3.22.2
DEBT AND EQUITY SECURITIES - Common Shares of Playa N.V (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Playa Hotels & Resorts N.V.        
Schedule of Investments        
Other income (loss), net (Note 18) $ (22) $ 1 $ (14) $ 18
v3.22.2
DEBT AND EQUITY SECURITIES - Fair Value of Investments (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Total $ 2,421 $ 1,875
Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 871 397
Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 487 632
Level One - Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 83 97
Level Two - Significant Other Observable Inputs | Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 518 259
Level Two - Significant Other Observable Inputs | U.S. government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 234 235
Level Two - Significant Other Observable Inputs | U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 56 58
Level Two - Significant Other Observable Inputs | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 119 137
Level Two - Significant Other Observable Inputs | Mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 23 24
Level Two - Significant Other Observable Inputs | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 24 28
Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 6 8
Cash and cash equivalents    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Total 871 432
Cash and cash equivalents | Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 871 397
Cash and cash equivalents | Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 0 0
Cash and cash equivalents | Level One - Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 0 0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 35
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | U.S. government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Cash and cash equivalents | Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Short-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Total 527 227
Short-term investments | Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 0 0
Short-term investments | Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 0 0
Short-term investments | Level One - Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 0 0
Short-term investments | Level Two - Significant Other Observable Inputs | Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 515 221
Short-term investments | Level Two - Significant Other Observable Inputs | U.S. government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 3 0
Short-term investments | Level Two - Significant Other Observable Inputs | U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 2 0
Short-term investments | Level Two - Significant Other Observable Inputs | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 7 6
Short-term investments | Level Two - Significant Other Observable Inputs | Mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Short-term investments | Level Two - Significant Other Observable Inputs | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Short-term investments | Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 0 0
Other assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Total 1,023 1,216
Other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Interest-bearing money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 0 0
Other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 487 632
Other assets | Level One - Quoted Prices in Active Markets for Identical Assets | Common shares in Playa N.V.    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Cash equivalents 83 97
Other assets | Level Two - Significant Other Observable Inputs | Time deposits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 3 3
Other assets | Level Two - Significant Other Observable Inputs | U.S. government obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 231 235
Other assets | Level Two - Significant Other Observable Inputs | U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 54 58
Other assets | Level Two - Significant Other Observable Inputs | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 112 131
Other assets | Level Two - Significant Other Observable Inputs | Mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 23 24
Other assets | Level Two - Significant Other Observable Inputs | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities 24 28
Other assets | Level Two - Significant Other Observable Inputs | Municipal and provincial notes and bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Available-for-sale debt securities $ 6 $ 8
v3.22.2
DEBT AND EQUITY SECURITIES - Schedule of Debt and Equity Securities HTM (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]            
HTM debt securities $ 113   $ 91      
Less: allowance for credit losses (40) $ (39) (38) $ (29) $ (22) $ (21)
Total HTM debt securities, net of allowances $ 73   $ 53      
v3.22.2
DEBT AND EQUITY SECURITIES - Activity in HTM Debt Security Allowance (Details) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]        
Beginning balance $ 39 $ 38 $ 22 $ 21
Provisions 1 1 7 1
Ending balance $ 40 $ 39 $ 29 $ 22
v3.22.2
RECEIVABLES - Accounts Receivable (Details) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]          
Net receivables $ 699       $ 633
Accounts Receivable, Allowance for Credit Loss [Roll Forward]          
Allowance beginning balance 56 $ 53 $ 57 $ 56  
Provisions 6 7 4 1  
Other (3) (4) (3) 0  
Allowance ending balance $ 59 $ 56 $ 58 $ 57  
v3.22.2
RECEIVABLES - Schedule of Financing Receivables (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable            
Less: allowance for credit losses $ (60)   $ (69)      
Total long-term financing receivables, net of allowances 63   41      
Unsecured Financing            
Accounts, Notes, Loans and Financing Receivable            
Unsecured financing to hotel owners 137   133      
Less: current portion of financing receivables, included in receivables, net (14)   (23)      
Less: allowance for credit losses (60) $ (72) (69) $ (120) $ (115) $ (114)
Total long-term financing receivables, net of allowances $ 63   $ 41      
v3.22.2
RECEIVABLES - Allowance for Losses and Impairments (Details) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Allowance for Losses and Impairments        
Allowance beginning balance   $ 69    
Allowance ending balance $ 60      
Unsecured Financing        
Allowance for Losses and Impairments        
Allowance beginning balance 72 69 $ 115 $ 114
Provisions and reversals, net (7) 0 3 3
Foreign currency exchange, net (4) 3 2 (2)
Write-offs (1)   0  
Allowance ending balance $ 60 $ 72 $ 120 $ 115
v3.22.2
RECEIVABLES - Credit Monitoring (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Unsecured Financing Receivables            
Related allowance $ (60)   $ (69)      
Unsecured Financing            
Unsecured Financing Receivables            
Gross loan balance (principal and interest) 137   133      
Related allowance (60) $ (72) (69) $ (120) $ (115) $ (114)
Net financing receivables 77   64      
Gross receivables on nonaccrual status 48   47      
Unsecured Financing | Loans            
Unsecured Financing Receivables            
Gross loan balance (principal and interest) 135   130      
Related allowance (59)   (67)      
Net financing receivables 76   63      
Gross receivables on nonaccrual status 48   47      
Unsecured Financing | Other financing arrangements            
Unsecured Financing Receivables            
Gross loan balance (principal and interest) 2   3      
Related allowance (1)   (2)      
Net financing receivables 1   1      
Gross receivables on nonaccrual status $ 0   $ 0      
v3.22.2
RECEIVABLES - Narrative (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Significant unobservable inputs (Level Three)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Financing receivables $ 108 $ 88
v3.22.2
ACQUISITIONS AND DISPOSITIONS - Acquisitions Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Nov. 01, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Business Acquisition [Line Items]              
Net income (loss)   $ 206 $ (9) $ 133 $ (313)    
Assumptions Adjustment              
Business Acquisition [Line Items]              
Net income (loss)   0          
Alila Ventana Big Su              
Business Acquisition [Line Items]              
Asset acquisition     146        
Property and equipment acquired     149        
Grand Hyatt Sao Paulo              
Business Acquisition [Line Items]              
Property and equipment acquired       101      
Asset acquisition, voting rights acquired             50.00%
Cash paid             $ 6
Repayment of third-party mortgage loan     $ 78   78   78
Gain on asset acquisition         $ 69   69
Reversal of long term liabilities             42
Currency translation loss reclassified             $ 22
Deferred tax liabilities   $ 11   11      
Grand Hyatt Sao Paulo              
Business Acquisition [Line Items]              
Equity method investment, ownership percentage             50.00%
Apple Leisure Group              
Business Acquisition [Line Items]              
Ownership interest acquired           100.00%  
Casablanca Global GP Limited              
Business Acquisition [Line Items]              
Ownership interest acquired           100.00%  
ALG Acquisition              
Business Acquisition [Line Items]              
Purchase price           $ 2,700  
Outstanding liability balance           $ 69  
Net assets acquired $ 2,718            
Purchase price adjustments $ 39            
Business combination, other long term liabilities       74      
Business combination tax impacts       10      
Decrease in intangibles       41      
Reduction of property plant and equipment       16      
Increase in goodwill       131      
ALG Acquisition | Assumptions Adjustment              
Business Acquisition [Line Items]              
Net income (loss)       $ (11)      
v3.22.2
ACQUISITIONS AND DISPOSITIONS - Net Assets Acquired (Details) - USD ($)
$ in Millions
 6 Months Ended
Nov. 01, 2021
Jun. 30, 2022
Jun. 30, 2021
Acquired Indefinite-lived Intangible Assets [Line Items]      
Cash paid, net of cash acquired   $ 39 $ 230
ALG Acquisition      
Acquired Indefinite-lived Intangible Assets [Line Items]      
Cash paid, net of cash acquired $ 2,718    
Cash and cash equivalents acquired 460    
Restricted cash acquired 16    
Net assets acquired $ 3,194    
v3.22.2
ACQUISITIONS AND DISPOSITIONS - Schedule of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
 6 Months Ended
Nov. 01, 2021
Jun. 30, 2022
Dec. 31, 2021
Business Acquisition [Line Items]      
Goodwill   $ 3,080 $ 2,965
Management agreement intangibles | Minimum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 1 year    
Management agreement intangibles | Maximum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 15 years    
Management agreement intangibles | Weighted Average      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 11 years    
Customer relationships intangibles      
Business Acquisition [Line Items]      
Weighted- average useful lives in years   9 years  
Customer relationships intangibles | Minimum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 4 years    
Customer relationships intangibles | Maximum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 11 years    
Customer relationships intangibles | Weighted Average      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 8 years    
Apple Leisure Group      
Business Acquisition [Line Items]      
Cash and cash equivalents   $ 460  
Restricted cash   16  
Receivables   168  
Prepaids and other assets   74  
Property and equipment   6  
Financing receivables, net   19  
Operating lease right-of-use assets   78  
Goodwill   2,808  
Indefinite-lived intangibles   503  
Other assets   42  
Total assets acquired   5,278  
Accounts payable   255  
Accrued expenses and other current liabilities   97  
Current contract liabilities   646  
Accrued compensation and benefits   49  
Current operating lease liabilities   8  
Long-term contract liabilities   747  
Long-term operating lease liabilities   70  
Other long-term liabilities   212  
Total liabilities assumed   2,084  
Total net assets acquired attributable to Hyatt Hotels Corporation   3,194  
Goodwill expected tax deductible amount   36  
Apple Leisure Group | Management agreement intangibles      
Business Acquisition [Line Items]      
Finite-lived intangibles   481  
Apple Leisure Group | Customer relationships intangibles      
Business Acquisition [Line Items]      
Finite-lived intangibles   608  
Apple Leisure Group | Other intangibles      
Business Acquisition [Line Items]      
Finite-lived intangibles   $ 15  
v3.22.2
ACQUISITIONS AND DISPOSITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - Grand Hyatt Sao Paulo - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Jun. 30, 2021
Asset Acquisition [Line Items]    
Cash paid $ 6  
Repayment of third-party mortgage loan $ 78 $ 78
Fair value of our previously-held equity method investment   6
Net assets acquired   $ 90
v3.22.2
ACQUISITIONS AND DISPOSITIONS - Dispositions (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Contract Revenue Bonds      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Long-term debt $ 166   $ 166
Unamortized discount 4   4
The Confidante | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Disposal group, consideration 227   227
Pre-tax gain     24
Hyatt Regency Indian Wells Resort & Spa | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Disposal group, consideration 136   136
Pre-tax gain     40
Grand Hyatt San Antonio River Walk | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Disposal group, consideration 109   109
Pre-tax gain 137    
Held-to-maturity debt security 19   19
Disposal group, including discontinued operation, release of restricted cash 18   18
Goodwill impairment charges 7   7
Grand Hyatt San Antonio River Walk | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations | Contract Revenue Bonds      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Long-term debt 166   166
Unamortized discount 4   4
The Driskill | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Disposal group, consideration $ 119   119
Pre-tax gain     $ 51
Hyatt Regency Lost Pines Resort and Spa | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Disposal group, consideration   $ 268  
Pre-tax gain   $ 104  
v3.22.2
INTANGIBLES, NET - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Intangibles $ 2,069 $ 2,125
Less: accumulated amortization (259) (148)
Intangibles, net 1,810 1,977
Brand and other indefinite-lived intangibles    
Indefinite-lived Intangible Assets [Line Items]    
Brand and other indefinite-lived intangibles 626 646
Management and franchise agreement intangibles    
Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible assets, net $ 814 835
Weighted- average useful lives in years 14 years  
Customer Relationships    
Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible assets, net $ 608 586
Weighted- average useful lives in years 9 years  
Other intangibles    
Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible assets, net $ 21 $ 58
Weighted- average useful lives in years 5 years  
v3.22.2
INTANGIBLES, NET - Amortization Expense Table (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 51 $ 7 $ 111 $ 14
v3.22.2
OTHER ASSETS (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Other Assets, Noncurrent [Abstract]    
Management and franchise agreement assets constituting payments to customers $ 619 $ 571
Marketable securities held to fund rabbi trusts (Note 4) 426 543
Marketable securities held to fund the loyalty program (Note 4) 414 439
Marketable securities held for captive insurance company (Note 4) 100 137
Long-term investments (Note 4) 85 65
Common shares in Playa N.V. (Note 4) 83 97
Long-term restricted cash 37 48
Other 181 134
Total other assets $ 1,945 $ 2,034
v3.22.2
DEBT - Narrative (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Debt Instrument          
Long-term debt, net of current maturities $ 3,798,000,000   $ 3,798,000,000   $ 3,968,000,000
Revolving credit facility, outstanding balance 0   0   $ 0
Loss on extinguishment of debt 8,000,000 $ 0 8,000,000 $ 0  
Contract Revenue Bonds          
Debt Instrument          
Long-term debt 166,000,000   166,000,000    
Unamortized discount 4,000,000   4,000,000    
Loss on extinguishment of debt     8,000,000    
2023 Floating Rate Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value 300,000,000   300,000,000    
2023 Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value $ 350,000,000   $ 350,000,000    
Debt instrument, stated percent 3.375%   3.375%    
2023 Fixed Rate Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value $ 700,000,000   $ 700,000,000    
Debt instrument, stated percent 1.30%   1.30%    
2024 Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value $ 750,000,000   $ 750,000,000    
Debt instrument, stated percent 1.80%   1.80%    
Repurchases senior notes $ 4,000,000   $ 4,000,000    
2025 Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value $ 450,000,000   $ 450,000,000    
Debt instrument, stated percent 5.375%   5.375%    
2026 Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value $ 400,000,000   $ 400,000,000    
Debt instrument, stated percent 4.85%   4.85%    
2028 Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value $ 400,000,000   $ 400,000,000    
Debt instrument, stated percent 4.375%   4.375%    
Repurchases senior notes $ 1,000,000   $ 1,000,000    
2030 Notes | Senior Notes          
Debt Instrument          
Long-term debt, face value $ 450,000,000   $ 450,000,000    
Debt instrument, stated percent 5.75%   5.75%    
Repurchases senior notes $ 10,000,000   $ 10,000,000    
Revolving Credit Facility          
Debt Instrument          
Revolving credit facility, remaining borrowing capacity 1,496,000,000   1,496,000,000    
Revolving Credit Facility | Line of Credit          
Debt Instrument          
Line of credit commitment 1,500,000,000   1,500,000,000    
Sublimit 250,000,000   250,000,000    
Additional borrowing capacity 500,000,000   500,000,000    
Letter of Credit          
Debt Instrument          
Maximum borrowing capacity 274,000,000   274,000,000    
Letter of Credit | Line of Credit          
Debt Instrument          
Maximum borrowing capacity $ 300,000,000   $ 300,000,000    
v3.22.2
DEBT - Fair Value (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Debt Instrument    
Finance lease obligations $ 7 $ 7
Unamortized discount and deferred financing fees 20 29
Quoted prices in active markets for identical assets (Level One)    
Debt Instrument    
Debt 0 0
Significant other observable inputs (Level Two)    
Debt Instrument    
Debt 3,707 4,193
Significant unobservable inputs (Level Three)    
Debt Instrument    
Debt 41 37
Carrying value    
Debt Instrument    
Debt 3,817 4,000
Fair value    
Debt Instrument    
Debt $ 3,748 $ 4,230
v3.22.2
OTHER LONG-TERM LIABILITIES (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Other Liabilities [Abstract]    
Deferred compensation plans funded by rabbi trusts (Note 4) $ 426 $ 543
Income taxes payable 299 281
Guarantee liabilities (Note 12) 147 92
Deferred income taxes (Note 11) 79 93
Self-insurance liabilities (Note 12) 66 66
Other 55 64
Total other long-term liabilities $ 1,072 $ 1,139
v3.22.2
INCOME TAXES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Income Tax Contingency [Line Items]          
Provision for income taxes $ 106 $ 15 $ 108 $ 201  
Estimated income tax liability based on taxing authority’s assessment     18    
Unrecognized tax benefits 216   216   $ 205
Amount of unrecognized tax benefits that would affect the tax rate if recognized $ 196   196   $ 186
Settlement with Taxing Authority          
Income Tax Contingency [Line Items]          
Estimated income tax liability based on taxing authority’s assessment     227    
Federal tax benefit     $ 69    
v3.22.2
COMMITMENTS AND CONTINGENCIES - Commitments and Performance Guarantees Narrative (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Performance Guarantee    
Loss Contingencies    
Remaining maximum exposure $ 111  
Guarantor obligations, liability, current carrying value 115 $ 52
Performance Guarantee | Other long-term Liabilities    
Loss Contingencies    
Guarantor obligations, liability, current carrying value 109 41
Performance Guarantee | Accrued Expenses and Other Current Liabilities    
Loss Contingencies    
Guarantor obligations, liability, current carrying value 6 11
Performance Test Clause Guarantee    
Loss Contingencies    
Guarantor obligations, liability, current carrying value 6 $ 7
Various Business Ventures    
Loss Contingencies    
Commitment to loan or investment $ 317  
v3.22.2
COMMITMENTS AND CONTINGENCIES - Schedule of Debt Guarantees (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Loss Contingencies    
Other long-term liabilities recorded $ 147 $ 92
Debt Repayment and Other Guarantees    
Loss Contingencies    
Maximum potential future payments 341  
Maximum exposure net of recoverability from third parties 248  
Other long-term liabilities recorded 38 51
Debt Repayment and Other Guarantees | Hotel Properties in India | Joint Venture    
Loss Contingencies    
Maximum exposure net of recoverability from third parties $ 93  
Debt repayment and other guarantees, equity method investment, ownership percentage 50.00%  
Debt Repayment and Other Guarantees | United States    
Loss Contingencies    
Maximum potential future payments $ 134  
Maximum exposure net of recoverability from third parties 51  
Other long-term liabilities recorded 6 10
Debt Repayment and Other Guarantees | Non-US    
Loss Contingencies    
Maximum potential future payments 207  
Maximum exposure net of recoverability from third parties 197  
Other long-term liabilities recorded $ 32 $ 41
v3.22.2
COMMITMENTS AND CONTINGENCIES - Guarantee Liabilities Fair Value Narrative (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]    
Guarantees, fair value disclosure $ 141 $ 87
v3.22.2
COMMITMENTS AND CONTINGENCIES - Insurance, Collective Bargaining Agreements, Surety Bonds, and Letters of Credit, and Other Narrative (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Loss Contingencies    
Self insurance reserve, current $ 33 $ 34
Self-insurance reserve, noncurrent 66 $ 66
Surety bonds 46  
Estimated income tax liability based on taxing authority’s assessment 18  
Letter of Credit    
Loss Contingencies    
Maximum borrowing capacity 274  
Reducing capacity under revolving credit facility $ 4  
Various US    
Loss Contingencies    
Multiemployer plans, collective-bargaining arrangement, percentage of participants 21.00%  
v3.22.2
EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Balance, beginning of period $ 3,524 $ 2,888 $ 3,566 $ 3,214
Current period other comprehensive income (loss) before reclassification     (28) (10)
Amount reclassified from accumulated other comprehensive loss     8 (16)
Balance, end of period 3,612 2,909 3,612 2,909
Interest Rate Contract        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Amount of loss reclassified from accumulated other comprehensive loss     6  
Foreign currency translation adjustments        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Balance, beginning of period (185) (191) (206) (145)
Current period other comprehensive income (loss) before reclassification (39) 15 (18) (9)
Amount reclassified from accumulated other comprehensive loss 5 2 5 (20)
Balance, end of period (219) (174) (219) (174)
Unrealized losses on AFS debt securities        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Balance, beginning of period (8) 0 (1) 1
Current period other comprehensive income (loss) before reclassification (3) 0 (10) (1)
Amount reclassified from accumulated other comprehensive loss 0 0 0 0
Balance, end of period (11) 0 (11) 0
Unrecognized pension benefit (cost)        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Balance, beginning of period (6) (7) (4) (7)
Current period other comprehensive income (loss) before reclassification 1 0 0 0
Amount reclassified from accumulated other comprehensive loss 1 0 0 0
Balance, end of period (4) (7) (4) (7)
Unrealized gains (losses) on derivative instruments        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Balance, beginning of period (32) (39) (34) (41)
Current period other comprehensive income (loss) before reclassification 0 0 0 0
Amount reclassified from accumulated other comprehensive loss 1 2 3 4
Balance, end of period (31) (37) (31) (37)
Accumulated other comprehensive loss        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Balance, beginning of period (231) (237) (245) (192)
Current period other comprehensive income (loss) before reclassification (41) 15    
Amount reclassified from accumulated other comprehensive loss 7 4    
Balance, end of period $ (265) $ (218) $ (265) $ (218)
v3.22.2
EQUITY - Share Repurchase (Details) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2019
Dec. 31, 2018
Equity [Abstract]        
Stock repurchase program, authorized amount (up to)     $ 750,000,000 $ 750,000,000
Stock repurchased during period (in shares) 1,210,402 0    
Weighted-average price per share (in dollars per share) $ 83.34      
Aggregate purchase price $ 101,000,000      
Shares repurchased as a percentage of total common stock outstanding 1.00%      
Stock repurchase program, remaining authorized repurchase amount $ 827,000,000      
v3.22.2
STOCK-BASED COMPENSATION - Compensation Expense Related to Long-Term Incentive Plan (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award        
Compensation expense $ 12 $ 8 $ 40 $ 36
SARs        
Share-based Compensation Arrangement by Share-based Payment Award        
Compensation expense 1 1 11 10
RSUs        
Share-based Compensation Arrangement by Share-based Payment Award        
Compensation expense 8 3 24 16
PSUs        
Share-based Compensation Arrangement by Share-based Payment Award        
Compensation expense $ 3 $ 4 $ 5 $ 10
v3.22.2
STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
SARs    
Share-based Compensation Arrangement by Share-based Payment Award    
Grants in period (in shares) 359,113 396,889
Grants in period, weighted-average fair value at grant date (in dollars per share) $ 37.56 $ 28.68
Total unearned compensation $ 4  
RSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Grants in period (in shares) 520,935 407,585
Grants in period, weighted-average fair value at grant date (in dollars per share) $ 91.75 $ 80.31
Total unearned compensation $ 47  
PSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Grants in period (in shares) 176,756 153,256
Grants in period, weighted-average fair value at grant date (in dollars per share) $ 81.14 $ 82.02
Total unearned compensation $ 23  
SARs ,RSUs and PSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Amortization period, deferred compensation expense 3 years  
v3.22.2
RELATED-PARTY TRANSACTIONS - Legal Services (Details) - Family Member of Management - Related Party Legal Services - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Related Party Transaction      
Legal services $ 4 $ 6  
Due to related party $ 4 $ 4 $ 0
v3.22.2
RELATED-PARTY TRANSACTIONS - Equity Method Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Minimum | Unconsolidated Hospitality Ventures          
Related Party Transaction          
Equity method investment, ownership percentage 24.00%   24.00%    
Maximum | Unconsolidated Hospitality Ventures          
Related Party Transaction          
Equity method investment, ownership percentage 50.00%   50.00%    
Equity Method Investee          
Related Party Transaction          
Net receivables from related parties $ 51   $ 51   $ 29
Franchise or License Fees | Equity Method Investee          
Related Party Transaction          
Revenue from related parties $ 6 $ 3 10 $ 4  
Related Parties Guarantees | Equity Method Investee          
Related Party Transaction          
Revenue from related parties     $ 3 $ 2  
v3.22.2
RELATED-PARTY TRANSACTIONS - Share Conversion (Details) - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Common Class B        
Related Party Transaction        
Conversion of stock, shares converted (in shares) 614,831 635,522 1,415,000  
Common stock, par value per share (in dollars per share)   $ 0.01   $ 0.01
Common Class A        
Related Party Transaction        
Common stock, par value per share (in dollars per share)   $ 0.01   $ 0.01
v3.22.2
SEGMENT INFORMATION - Summarized Consolidated Financial Information by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting Information        
Total revenues $ 1,483 $ 663 $ 2,762 $ 1,101
Adjusted EBITDA 255 55 424 35
Depreciation and amortization 105 74 224 148
Owned and leased hotels        
Segment Reporting Information        
Total revenues 331 191 602 295
Management, franchise, and other fees        
Segment Reporting Information        
Total revenues 204 93 358 156
Contra revenue        
Segment Reporting Information        
Total revenues (9) (9) (18) (17)
Other revenues        
Segment Reporting Information        
Total revenues 61 22 138 41
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues 640 366 1,180 626
Distribution and destination management        
Segment Reporting Information        
Total revenues 256 0 502 0
Operating Segments | Owned and leased hotels        
Segment Reporting Information        
Total revenues 335 194 612 301
Adjusted EBITDA 99 12 153 (17)
Depreciation and amortization 44 58 96 117
Operating Segments | Owned and leased hotels | Owned and leased hotels        
Segment Reporting Information        
Total revenues 335 194 612 301
Operating Segments | Owned and leased hotels | Management, franchise, and other fees        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Contra revenue        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Other revenues        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Owned and leased hotels | Distribution and destination management        
Segment Reporting Information        
Total revenues 0   0  
Operating Segments | Americas management and franchising        
Segment Reporting Information        
Total revenues 708 407 1,296 685
Adjusted EBITDA 117 54 202 82
Depreciation and amortization 6 6 11 11
Operating Segments | Americas management and franchising | Owned and leased hotels        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Americas management and franchising | Management, franchise, and other fees        
Segment Reporting Information        
Total revenues 132 66 227 104
Operating Segments | Americas management and franchising | Contra revenue        
Segment Reporting Information        
Total revenues (6) (5) (12) (9)
Operating Segments | Americas management and franchising | Other revenues        
Segment Reporting Information        
Total revenues 25 19 63 36
Operating Segments | Americas management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues 557 327 1,018 554
Operating Segments | Americas management and franchising | Distribution and destination management        
Segment Reporting Information        
Total revenues 0   0  
Operating Segments | ASPAC management and franchising        
Segment Reporting Information        
Total revenues 51 43 93 77
Adjusted EBITDA 6 10 11 15
Depreciation and amortization 1 1 1 2
Operating Segments | ASPAC management and franchising | Owned and leased hotels        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | ASPAC management and franchising | Management, franchise, and other fees        
Segment Reporting Information        
Total revenues 18 20 32 35
Operating Segments | ASPAC management and franchising | Contra revenue        
Segment Reporting Information        
Total revenues (1) (1) (2) (2)
Operating Segments | ASPAC management and franchising | Other revenues        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | ASPAC management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues 34 24 63 44
Operating Segments | ASPAC management and franchising | Distribution and destination management        
Segment Reporting Information        
Total revenues 0   0  
Operating Segments | EAME/SW Asia management and franchising        
Segment Reporting Information        
Total revenues 42 18 76 35
Adjusted EBITDA 13 (1) 19 (1)
Operating Segments | EAME/SW Asia management and franchising | Owned and leased hotels        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | EAME/SW Asia management and franchising | Management, franchise, and other fees        
Segment Reporting Information        
Total revenues 21 6 36 13
Operating Segments | EAME/SW Asia management and franchising | Contra revenue        
Segment Reporting Information        
Total revenues (2) (3) (4) (6)
Operating Segments | EAME/SW Asia management and franchising | Other revenues        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | EAME/SW Asia management and franchising | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues 23 15 44 28
Operating Segments | EAME/SW Asia management and franchising | Distribution and destination management        
Segment Reporting Information        
Total revenues 0   0  
Operating Segments | Apple Leisure Group        
Segment Reporting Information        
Total revenues 355   694  
Adjusted EBITDA 54 0 110 0
Depreciation and amortization 47 0 102 0
Operating Segments | Apple Leisure Group | Owned and leased hotels        
Segment Reporting Information        
Total revenues 4 0 4 0
Operating Segments | Apple Leisure Group | Management, franchise, and other fees        
Segment Reporting Information        
Total revenues 36 0 66 0
Operating Segments | Apple Leisure Group | Contra revenue        
Segment Reporting Information        
Total revenues 0   0  
Operating Segments | Apple Leisure Group | Other revenues        
Segment Reporting Information        
Total revenues 33 0 67 0
Operating Segments | Apple Leisure Group | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues 26 0 55 0
Operating Segments | Apple Leisure Group | Distribution and destination management        
Segment Reporting Information        
Total revenues 256 0 502 0
Operating Segments | Corporate and other        
Segment Reporting Information        
Adjusted EBITDA (34) (21) (72) (45)
Depreciation and amortization 7 9 14 18
Operating Segments | Corporate and other | Revenues        
Segment Reporting Information        
Total revenues 13 11 27 19
Eliminations        
Segment Reporting Information        
Total revenues (21) (10) (36) (16)
Adjusted EBITDA 0 1 1 1
Eliminations | Owned and leased hotels        
Segment Reporting Information        
Total revenues (8) (3) (14) (6)
Eliminations | Management, franchise, and other fees        
Segment Reporting Information        
Total revenues (14) (7) (24) (10)
Eliminations | Contra revenue        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Other revenues        
Segment Reporting Information        
Total revenues 1 0 2 0
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Distribution and destination management        
Segment Reporting Information        
Total revenues 0   0  
Eliminations | Owned and leased hotels        
Segment Reporting Information        
Total revenues (8) (3) (14) (6)
Eliminations | Americas management and franchising        
Segment Reporting Information        
Total revenues (12) (7) (21) (10)
Eliminations | EAME/SW Asia management and franchising        
Segment Reporting Information        
Total revenues (2) 0 (3) 0
Eliminations | Corporate and other        
Segment Reporting Information        
Total revenues $ 1 $ 0 $ 2 $ 0
v3.22.2
SEGMENT INFORMATION - Reconciliation of Net Income Attributable to Hyatt Hotels Corporation to EBITDA and a Reconciliation of EBITDA to Consolidated Adjusted EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting Information        
Net income (loss) attributable to Hyatt Hotels Corporation $ 206 $ (9) $ 133 $ (313)
Interest expense 38 42 78 83
Provision for income taxes 106 15 108 201
Depreciation and amortization 105 74 224 148
EBITDA 455 122 543 119
Total revenues (1,483) (663) (2,762) (1,101)
Equity (earnings) losses from unconsolidated hospitality ventures (1) 34 8 (20)
Stock-based compensation expense (Note 14) 12 8 40 36
Gains on sales of real estate 251 105 251 105
Asset impairments 7 2 10 2
Other (income) loss, net (Note 18) 19 (25) 29 (37)
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA 17 1 23 (3)
Adjusted EBITDA 255 55 424 35
Contra revenue        
Segment Reporting Information        
Total revenues 9 9 18 17
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Total revenues (640) (366) (1,180) (626)
Costs incurred on behalf of managed and franchised properties        
Segment Reporting Information        
Costs incurred on behalf of managed and franchised properties $ 628 $ 375 $ 1,184 $ 652
v3.22.2
EARNINGS (LOSSES) PER SHARE - Schedule of the Calculation of Basic and Diluted Earnings (Losses) Per Share (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Numerator:        
Net income (loss) $ 206 $ (9) $ 133 $ (313)
Net income (loss) attributable to noncontrolling interests 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO HYATT HOTELS CORPORATION $ 206 $ (9) $ 133 $ (313)
Denominator:        
Basic weighted-average shares outstanding (in shares) 109,953,302 101,898,773 110,062,212 101,713,331
Share-based compensation (in shares) 1,973,560 0 2,120,840 0
Diluted weighted-average shares outstanding (in shares) 111,926,862 101,898,773 112,183,052 101,713,331
Basic Earnings (Losses) Per Share:        
Net income (loss) (in dollars per share) $ 1.88 $ (0.08) $ 1.21 $ (3.07)
Net income (loss) attributable to noncontrolling interests (in dollars per share) 0 0 0 0
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share) 1.88 (0.08) 1.21 (3.07)
Diluted Earnings (Losses) Per Share:        
Net income (loss) (in dollars per share) 1.85 (0.08) 1.19 (3.07)
Net income (loss) attributable to noncontrolling interests (in dollars per share) 0 0 0 0
Net income (loss) attributable to Hyatt Hotels Corporation (in dollars per share) $ 1.85 $ (0.08) $ 1.19 $ (3.07)
v3.22.2
EARNINGS (LOSSES) PER SHARE - Anti-Dilutive Shares Issued (Details) - shares
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
SARs        
Antidilutive Securities Excluded from Computation of Earnings Per Share        
Antidilutive securities excluded from computation of earnings per share (in shares) 11,500 1,321,700 9,200 1,317,600
RSUs        
Antidilutive Securities Excluded from Computation of Earnings Per Share        
Antidilutive securities excluded from computation of earnings per share (in shares) 10,500 587,900 1,700 584,100
v3.22.2
OTHER INCOME (LOSS), NET (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Other Income and Expenses [Abstract]        
Unrealized gains (losses), net (Note 4) $ (34) $ 5 $ (44) $ 13
Loss on extinguishment of debt (Note 9) (8) 0 (8) 0
Foreign currency gains (losses), net (3) 13 (2) 7
Performance guarantee expense (Note 12) (1) (4) (8) (5)
Depreciation recovery 4 5 8 9
Performance guarantee liability amortization (Note 12) 5 0 7 1
Credit loss provisions and reversals, net (Note 4 and Note 5) 6 (8) 5 (10)
Interest income 9 8 15 14
Other, net 3 6 (2) 8
Other income (loss), net $ (19) $ 25 $ (29) $ 37
v3.22.2
SUBSEQUENT EVENTS (Details)
$ in Millions
Aug. 03, 2022
USD ($)
Subsequent Event | Hotel Irvine  
Subsequent Event [Line Items]  
Payments to acquire real estate $ 135