HYATT HOTELS CORP, 10-Q filed on 5/10/2022
Quarterly Report
v3.22.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2022
May 03, 2022
Document Information    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 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, $0.01 par value  
Trading Symbol H  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001468174  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q1  
Amendment Flag false  
Common Class A    
Document Information    
Entity Common Stock, Shares Outstanding   51,289,439
Common Class B    
Document Information    
Entity Common Stock, Shares Outstanding   59,017,749
v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Total revenues $ 1,279 $ 438
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:    
Depreciation and amortization 119 74
Other direct costs 67 23
Selling, general, and administrative 111 95
Direct and selling, general, and administrative expenses 1,257 593
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts (31) 12
Equity earnings (losses) from unconsolidated hospitality ventures (9) 54
Interest expense (40) (41)
Asset impairments (3) 0
Other income (loss), net (10) 12
LOSS BEFORE INCOME TAXES (71) (118)
PROVISION FOR INCOME TAXES (2) (186)
NET LOSS (73) (304)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0 0
NET LOSS ATTRIBUTABLE TO HYATT HOTELS CORPORATION $ (73) $ (304)
LOSSES PER SHARE—Basic    
Net loss (in dollars per share) $ (0.67) $ (2.99)
Net loss attributable to Hyatt Hotels Corporation (in dollars per share) (0.67) (2.99)
LOSSES PER SHARE—Diluted    
Net loss (in dollars per share) (0.67) (2.99)
Net loss attributable to Hyatt Hotels Corporation (in dollars per share) $ (0.67) $ (2.99)
Owned and leased hotels    
REVENUES:    
Total revenues $ 271 $ 104
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:    
Costs of goods and services sold 210 124
Net management, franchise, and other fees    
REVENUES:    
Total revenues 145 55
Management, franchise, and other fees    
REVENUES:    
Total revenues 154 63
Contra revenue    
REVENUES:    
Total revenues (9) (8)
Distribution and destination management    
REVENUES:    
Total revenues 246 0
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:    
Costs of goods and services sold 194 0
Other revenues    
REVENUES:    
Total revenues 77 19
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties    
REVENUES:    
Total revenues 540 260
Costs incurred on behalf of managed and franchised properties    
DIRECT AND SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:    
Costs of goods and services sold $ 556 $ 277
v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Comprehensive Income [Abstract]    
Net loss $ (73) $ (304)
Other comprehensive income (loss), net of taxes:    
Foreign currency translation adjustments, net of tax of $— for the three months ended March 31, 2022 and March 31, 2021 21 (46)
Unrealized gains on derivative activity, net of tax of $— for the three months ended March 31, 2022 and March 31, 2021 2 2
Unrecognized pension cost, net of tax of $— for the three months ended March 31, 2022 and March 31, 2021 (2) 0
Unrealized losses on available-for-sale debt securities, net of tax of $— for the three months ended March 31, 2022 and March 31, 2021 (7) (1)
Other comprehensive income (loss) 14 (45)
COMPREHENSIVE LOSS (59) (349)
COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0 0
COMPREHENSIVE LOSS ATTRIBUTABLE TO HYATT HOTELS CORPORATION $ (59) $ (349)
v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - Parentheticals - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Comprehensive Income [Abstract]    
Foreign currency translation adjustments, tax $ 0 $ 0
Unrealized gains on derivative activity, tax 0 0
Unrecognized pension cost, tax 0 0
Unrealized losses on available-for-sale debt securities, tax $ 0 $ 0
v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 1,023 $ 960
Restricted cash 47 [1] 57
Short-term investments 282 227
Receivables, net of allowances of $56 and $53 at March 31, 2022 and December 31, 2021, respectively 655 633
Inventories 8 10
Prepaids and other assets 154 149
Prepaid income taxes 53 26
Assets held for sale 375 0
Total current assets 2,597 2,062
Equity method investments 209 216
Property and equipment, net 2,525 2,848
Financing receivables, net of allowances of $72 and $69 at March 31, 2022 and December 31, 2021, respectively 57 41
Operating lease right-of-use assets 411 446
Goodwill 3,006 2,965
Intangibles, net 1,880 1,977
Deferred tax assets 14 14
Other assets 1,990 2,034
TOTAL ASSETS 12,689 12,603
CURRENT LIABILITIES:    
Current maturities of long-term debt 6 10
Accounts payable 546 523
Accrued expenses and other current liabilities 317 299
Current contract liabilities 1,285 1,178
Accrued compensation and benefits 119 187
Current operating lease liabilities 35 35
Liabilities held for sale 212 0
Total current liabilities 2,520 2,232
Long-term debt 3,815 3,968
Long-term contract liabilities 1,407 1,349
Long-term operating lease liabilities 322 349
Other long-term liabilities 1,101 1,139
Total liabilities 9,165 9,037
Commitments and contingencies (see Note 12)
EQUITY:    
Preferred stock, value, issued 0 0
Common stock, value, issued 1 1
Additional paid-in capital 657 640
Retained earnings 3,094 3,167
Accumulated other comprehensive loss (231) (245)
Total stockholders' equity 3,521 3,563
Noncontrolling interests in consolidated subsidiaries 3 3
Total equity 3,524 3,566
TOTAL LIABILITIES AND EQUITY $ 12,689 $ 12,603
[1] (1) Restricted cash generally represents debt service on bonds, escrow deposits, and other arrangements.
v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - Parentheticals - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Allowance for doubtful accounts receivable, current $ 56 $ 53
Financing receivable, allowance for credit loss $ 72 $ 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
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) 51,273,148 50,322,050
Common stock, shares, issued (in shares) 51,273,148 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
v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (73) $ (304)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 119 74
Amortization of share awards 31 32
Amortization of operating lease right-of-use assets 9 8
Deferred income taxes 0 200
Equity (earnings) losses from unconsolidated hospitality ventures 9 (54)
Contra revenue 9 8
Unrealized (gains) losses, net 10 (8)
Working capital changes and other 66 (47)
Net cash provided by (used in) operating activities 180 (91)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities and short-term investments (195) (423)
Proceeds from marketable securities and short-term investments 163 523
Contributions to equity method and other investments (3) (16)
Acquisitions, net of cash acquired (39) (84)
Capital expenditures (43) (19)
Other investing activities 7 (12)
Net cash used in investing activities (110) (31)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Other financing activities (14) (14)
Net cash used in financing activities (14) (14)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 5 5
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, INCLUDING CASH, CASH EQUIVALENTS, AND RESTRICTED CASH CLASSIFIED WITHIN CURRENT ASSETS HELD FOR SALE 61 (131)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 54 (131)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH RECLASSIFIED TO ASSETS HELD FOR SALE (7) 0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—BEGINNING OF YEAR 1,065 1,237
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—END OF PERIOD 1,119 1,106
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,023 1,078
Restricted cash [1] 47 9 [2]
Restricted cash included in other assets [1],[2] 49 19
Total cash, cash equivalents, and restricted cash 1,119 1,106
Cash paid during the period for interest 30 42
Cash paid (received) during the period for income taxes, net 8 (2)
Cash paid for amounts included in the measurement of operating lease liabilities 11 9
Non-cash investing and financing activities are as follows:    
Change in accrued capital expenditures 13 0
Non-cash right-of-use assets obtained in exchange for operating lease liabilities $ 1 $ 2
[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.
v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests in Consolidated Subsidiaries
Common Class A
Common Stock Amount
Common Class B
Common Stock Amount
Balance, beginning of period (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 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          
Balance, end of period (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
Balance, beginning of period (in shares) at Dec. 31, 2021           50,322,050 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 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          
Balance, end of period (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
v3.22.1
ORGANIZATION
 3 Months Ended
Mar. 31, 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 ("ALG Vacations") and a paid membership program through the Unlimited Vacation Club. At March 31, 2022, (i) we operated or franchised 519 full service hotels, comprising 171,823 rooms throughout the world, (ii) we operated or franchised 542 select service hotels, comprising 78,419 rooms, of which 445 hotels are located in the United States, and (iii) we operated, franchised, or marketed 111 all-inclusive resorts, comprising 36,152 rooms. At March 31, 2022, our portfolio of properties operated in 71 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, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Regency, Hyatt, Hyatt Ziva, Hyatt Zilara, Thompson Hotels, Hyatt Centric, Caption by Hyatt, JdV by Hyatt, Hyatt House, Hyatt Place, UrCove, Hyatt Residences Club brands; and
◦Secrets Resorts & Spas, Dreams Resorts & Spas, Breathless Resorts & Spas, Zoëtry Wellness & Spa Resorts, Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas brands (collectively the "AMR Collection"); 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.
v3.22.1
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
 3 Months Ended
Mar. 31, 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 ("LIBOR") 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.
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 3 Months Ended
Mar. 31, 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 March 31, 2022
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingApple Leisure GroupCorporate and otherEliminationsTotal
Rooms revenues$167 $— $— $— $— $— $(6)$161 
Food and beverage69 — — — — — — 69 
Other 41 — — — — — — 41 
Owned and leased hotels277 — — — — — (6)271 
Base management fees— 46 8 6 8 — (8)60 
Incentive management fees— 12 4 7 19 — (2)40 
Franchise fees— 34 — 1 — — — 35 
Other fees— 3 2 1 3 10 — 19 
Management, franchise, and other fees— 95 14 15 30 10 (10)154 
Contra revenue— (6)(1)(2)— — — (9)
Net management, franchise, and other fees— 89 13 13 30 10 (10)145 
Distribution and destination management— — — — 246 — — 246 
Other revenues— 38 — — 34 4 1 77 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 461 29 21 29 — — 540 
Total$277 $588 $42 $34 $339 $14 $(15)$1,279 
Three Months Ended March 31, 2021
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingCorporate and otherEliminationsTotal
Rooms revenues$62 $— $— $— $— $(3)$59 
Food and beverage 20 — — — — — 20 
Other 25 — — — — — 25 
Owned and leased hotels107 — — — — (3)104 
Base management fees— 16 8 3 — (3)24 
Incentive management fees— 1 5 2 — — 8 
Franchise fees— 17 — — — — 17 
Other fees— 4 2 2 6 — 14 
Management, franchise, and other fees— 38 15 7 6 (3)63 
Contra revenue— (4)(1)(3)— — (8)
Net management, franchise, and other fees— 34 14 4 6 (3)55 
Other revenues— 17 — — 2 — 19 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 227 20 13 — — 260 
Total$107 $278 $34 $17 $8 $(6)$438 
Contract Balances
Our contract assets, included in receivables, net on our condensed consolidated balance sheets, were insignificant at both March 31, 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:
March 31, 2022December 31, 2021
Deferred revenue related to the paid membership program$891 $833 
Deferred revenue related to the loyalty program843 814 
Deferred revenue related to travel distribution and destination management services719 629 
Advanced deposits57 61 
Initial fees received from franchise owners43 42 
Deferred revenue related to insurance programs36 52 
Other deferred revenue103 96 
Total contract liabilities$2,692 $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 
Revenue recognized during the three months ended March 31, 2022 and March 31, 2021 included in the contract liabilities balance at the beginning of each year was $501 million and $69 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 $460 million at March 31, 2022, of which we expect to recognize approximately 20% of the revenue over the next 12 months and the remainder thereafter.
v3.22.1
DEBT AND EQUITY SECURITIES
 3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
DEBT AND EQUITY SECURITIES DEBT AND EQUITY SECURITIES
Equity Method Investments
Equity method investments were $209 million and $216 million at March 31, 2022 and December 31, 2021, respectively.
During the three months ended March 31, 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:
March 31, 2022December 31, 2021
Loyalty program (Note 8)
$615 $601 
Deferred compensation plans held in rabbi trusts (Note 8 and Note 10)
498 543 
Captive insurance company (Note 8)
119 148 
Total marketable securities held to fund operating programs$1,232 $1,292 
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments(206)(173)
Marketable securities held to fund operating programs included in other assets$1,026 $1,119 
Marketable securities held to fund operating programs included $154 million and $141 million of available-for-sale ("AFS") debt securities at March 31, 2022 and December 31, 2021, respectively, with contractual maturity dates ranging from 2022 through 2069. The fair value of our AFS debt securities approximates amortized cost. Additionally, marketable securities held to fund operating programs include $66 million and $89 million of equity securities with a readily determinable fair value at March 31, 2022 and December 31, 2021, respectively.
Net unrealized and realized gains (losses) from marketable securities held to fund operating programs recognized on our condensed consolidated financial statements were as follows:
Three Months Ended March 31,
20222021
Unrealized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$(32)$3 
Other income (loss), net (Note 18)(18)(9)
Other comprehensive loss (Note 13)(7)(1)
Realized gains, net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$1 $9 
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:
March 31, 2022December 31, 2021
Time deposits$325 $255 
Common shares in Playa N.V. (Note 8)
105 97 
Interest-bearing money market funds90 231 
Total marketable securities held for investment purposes$520 $583 
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments(415)(486)
Marketable securities held for investment purposes included in other assets$105 $97 
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 three months ended March 31, 2022 or March 31, 2021. Net unrealized gains recognized on our condensed consolidated statements of income (loss) were as follows:
Three Months Ended March 31,
20222021
Other income (loss), net (Note 18)$8 $17 
Fair Value—We measure marketable securities held to fund operating programs and held for investment purposes at fair value on a recurring basis:
March 31, 2022Cash and cash equivalentsShort-term investmentsOther assets
Level One - Quoted Prices in Active Markets for Identical Assets
Interest-bearing money market funds$286 $286 $— $— 
Mutual funds564 — — 564 
Common shares in Playa N.V.105 — — 105 
Level Two - Significant Other Observable Inputs
Time deposits329 53 273 3 
U.S. government obligations226 — 3 223 
U.S. government agencies58 — — 58 
Corporate debt securities129 — 6 123 
Mortgage-backed securities23 — — 23 
Asset-backed securities25 — — 25 
Municipal and provincial notes and bonds7 — — 7 
Total$1,752 $339 $282 $1,131 
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 three months ended March 31, 2022 and March 31, 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 hold investments in held-to-maturity ("HTM") debt securities, which are investments in third-party entities that own certain of our hotels. The securities are mandatorily redeemable on various dates through 2027. At March 31, 2022 and December 31, 2021, HTM debt securities recorded within other assets on our condensed consolidated balance sheets were as follows:
March 31, 2022December 31, 2021
HTM debt securities$93 $91 
Less: allowance for credit losses(39)(38)
Total HTM debt securities, net of allowances$54 $53 
The following table summarizes the activity in our HTM debt securities allowance for credit losses:
20222021
Allowance at January 1$38 $21 
Credit losses (1)1 1 
Allowance at March 31$39 $22 
(1) Credit losses were partially or fully offset by interest income recognized in the same periods (see Note 18).
We estimated the fair value of HTM debt securities to be approximately $81 million and $77 million at March 31, 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 March 31, 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.
v3.22.1
RECEIVABLES
 3 Months Ended
Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
RECEIVABLES RECEIVABLES        
Receivables
At March 31, 2022 and December 31, 2021, we had $655 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 
Financing Receivables
March 31, 2022December 31, 2021
Unsecured financing to hotel owners$134 $133 
Less: current portion of financing receivables, included in receivables, net(5)(23)
Less: allowance for credit losses(72)(69)
Total long-term financing receivables, net of allowances$57 $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 
Credit Monitoring—Our unsecured financing receivables were as follows:
March 31, 2022
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$132 $(70)$62 $51 
Other financing arrangements2 (2)— — 
Total unsecured financing receivables$134 $(72)$62 $51 
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 $107 million and $88 million at March 31, 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.
v3.22.1
ACQUISITIONS AND DISPOSITIONS
 3 Months Ended
Mar. 31, 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 three months ended March 31, 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 the AMR Collection 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 March 31, 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 remaining assets and liabilities were recorded at their carrying values, which approximate their fair values.
During the three months ended March 31, 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 March 31, 2022 primarily include a $25 million decrease in intangibles, net and a $16 million decrease in property and equipment, net with a corresponding $41 million increase to goodwill.
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 March 31, 2022:
Cash and cash equivalents$460 
Restricted cash16 
Receivables168 
Prepaids and other assets74 
Property and equipment6 
Financing receivables, net19 
Operating lease right-of-use assets79 
Goodwill (1)2,718 
Indefinite-lived intangibles (2)514 
Management agreement intangibles (3)486 
Customer relationships intangibles (4)608 
Other intangibles15 
Other assets42 
Total assets acquired$5,205 
Accounts payable$255 
Accrued expenses and other current liabilities97 
Current contract liabilities (5)646 
Accrued compensation and benefits49 
Current operating lease liabilities9 
Long-term contract liabilities (5)747 
Long-term operating lease liabilities70 
Other long-term liabilities138 
Total liabilities assumed$2,011 
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 AMR Collection and ALG Vacations brand names.
(3) Amortized over useful lives of approximately 1 to 20 years, with a weighted-average useful life of approximately 12 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.
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 three months ended March 31, 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.
Held For Sale

Hyatt Regency Indian Wells Resort & Spa—During the three months ended March 31, 2022, we signed a purchase and sale agreement to sell Hyatt Regency Indian Wells Resort & Spa for a sales price of $145 million. At March 31, 2022, the related assets and liabilities were classified as held for sale within our owned and leased hotels segment on our condensed consolidated balance sheet. Assets held for sale were $105 million, which primarily consists of $101 million of property and equipment, net, and liabilities held for sale were $8 million, of which $4 million relates to contract liabilities. On April 1, 2022, we completed the sale of the property to an unrelated third party and entered into a long-term management agreement.
Grand Hyatt San Antonio River Walk—During the three months ended March 31, 2022, we signed a purchase and sale agreement to sell Grand Hyatt San Antonio River Walk for a sales price of $310 million. At March 31, 2022, the related assets and liabilities were classified as held for sale within our owned and leased hotels segment on our condensed consolidated balance sheet. Assets held for sale were $193 million, which primarily consists of $170 million of property and equipment, net, and liabilities held for sale were $195 million, which primarily consists of $164 million of debt, net of $4 million of unamortized discounts. On April 20, 2022, we completed the sale of the property to an unrelated third party, entered into a long-term management agreement, and repaid the debt.
The Driskill—During the three months ended March 31, 2022, we signed a purchase and sale agreement to sell The Driskill for a sales price of $125 million. At March 31, 2022, the related assets and liabilities were classified as held for sale within our owned and leased hotels segment on our condensed consolidated balance sheet. Assets held for sale were $77 million, which primarily consists of $63 million of property and equipment, net, and liabilities held for sale were $9 million, which primarily consists of $6 million of operating lease liabilities. On April 28, 2022, we completed the sale of the property to an unrelated third party and entered into a long-term management agreement.
v3.22.1
INTANGIBLES, NET
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLES, NET INTANGIBLES, NET
March 31, 2022Weighted-
average useful
lives in years		December 31, 2021
Management and franchise agreement intangibles$822 15$835 
Brand and other indefinite-lived intangibles637 — 646 
Customer relationships intangibles608 9586 
Other intangibles22 558 
Intangibles2,089 2,125 
Less: accumulated amortization(209)(148)
Intangibles, net$1,880 $1,977 
 Three Months Ended March 31,
 20222021
Amortization expense$60 $7 
v3.22.1
OTHER ASSETS
 3 Months Ended
Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS OTHER ASSETS
March 31, 2022December 31, 2021
Management and franchise agreement assets constituting payments to customers (1) $587 $571 
Marketable securities held to fund rabbi trusts (Note 4)498 543 
Marketable securities held to fund the loyalty program (Note 4)419 439 
Marketable securities held for captive insurance company (Note 4)109 137 
Common shares in Playa N.V. (Note 4)105 97 
Long-term investments (Note 4)66 65 
Other206 182 
Total other assets$1,990 $2,034 
(1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.
v3.22.1
DEBT
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
DEBT DEBT
Long-term debt was $3,815 million and $3,968 million at March 31, 2022 and December 31, 2021, respectively.
Revolving Credit Facility—During the three months ended March 31, 2022 and March 31, 2021, we had no borrowings or repayments on our revolving credit facility. At both March 31, 2022 and December 31, 2021, we had no balance outstanding. At March 31, 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"), bonds, 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 and bonds 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.
March 31, 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)$3,836 $3,884 $— $3,843 $41 
(1) Excludes $7 million of finance lease obligations and $22 million of unamortized discounts and deferred financing fees. The carrying value and fair value also exclude $164 million of debt, net of $4 million of unamortized discounts, related to Grand Hyatt San Antonio River Walk, which was classified as held for sale at March 31, 2022 (see Note 6).
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.
v3.22.1
OTHER LONG-TERM LIABILITIES
 3 Months Ended
Mar. 31, 2022
Other Liabilities [Abstract]  
OTHER LONG-TERM LIABILITIES OTHER LONG-TERM LIABILITIES
March 31, 2022December 31, 2021
Deferred compensation plans funded by rabbi trusts (Note 4)$498 $543 
Income taxes payable294 281 
Deferred income taxes (Note 11)96 93 
Guarantee liabilities (Note 12)84 92 
Self-insurance liabilities (Note 12)68 66 
Other61 64 
Total other long-term liabilities$1,101 $1,139 
v3.22.1
INCOME TAXES
 3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The provision for income taxes for the three months ended March 31, 2022 was $2 million compared to the provision for income taxes of $186 million for the three months ended March 31, 2021. The decrease in our provision for income taxes for the three months ended March 31, 2022, compared to the three months ended March 31, 2021, was primarily attributable to 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 three months ended March 31, 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 $225 million (including $67 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 March 31, 2022 and December 31, 2021, total unrecognized tax benefits recorded in other long-term liabilities on our condensed consolidated balance sheets were $213 million and $205 million, respectively, of which $192 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.
v3.22.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 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.
We continue to review and evaluate the agreements acquired in the ALG Acquisition and the contractual obligations therein. Any identified contractual obligations could be material and may increase our liabilities assumed in the ALG Acquisition (see Note 6).
Commitments—At March 31, 2022, we are committed, under certain conditions, to lend, provide certain consideration to, or invest in, various business ventures up to $326 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. At
March 31, 2022, our performance guarantees have $94 million of remaining maximum exposure and expire between 2022 and 2042.
At March 31, 2022 and December 31, 2021, we had $49 million and $52 million of total performance guarantee liabilities, respectively, which included $40 million and $41 million recorded in other long-term liabilities and $9 million and $11 million recorded in accrued expenses and other current liabilities, respectively, 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 both March 31, 2022 and December 31, 2021, we had $7 million 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 March 31, 2022Other long-term liabilities recorded at December 31, 2021Year of guarantee expiration
United States (1), (2)$134 $51 $7 $10 various, through 2024
All foreign (1), (3)215 205 37 41 various, through 2031
Total $349 $256 $44 $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 March 31, 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 $97 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 March 31, 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 $84 million and $87 million at March 31, 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 $35 million and $34 million at March 31, 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 $68 million and $66 million at March 31, 2022 and December 31, 2021, respectively, and are recorded in other long-term liabilities on our condensed consolidated balance sheets.
Collective Bargaining Agreements—At March 31, 2022, approximately 22% 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 $48 million at March 31, 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 March 31, 2022 were $281 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 March 31, 2022, our maximum exposure is not expected to exceed $18 million.
v3.22.1
EQUITY
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
EQUITY EQUITY
Accumulated Other Comprehensive Loss
Balance at
January 1, 2022		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive lossBalance at
March 31, 2022
Foreign currency translation adjustments$(206)$21 $— $(185)
Unrealized losses on AFS debt securities(1)(7)— (8)
Unrecognized pension cost(4)(1)(1)(6)
Unrealized gains (losses) on derivative instruments (1)(34)— 2 (32)
Accumulated other comprehensive loss$(245)$13 $1 $(231)
(1) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense, net of insignificant tax impacts, related to the settlement of interest rate locks. We expect to reclassify $6 million of losses over the next 12 months.
Balance at
January 1, 2021 		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive lossBalance at
March 31, 2021
Foreign currency translation adjustments (2)$(145)$(24)$(22)$(191)
Unrealized gains (losses) on AFS debt securities1 (1)— — 
Unrecognized pension cost(7)— — (7)
Unrealized gains (losses) on derivative instruments (1)(41)— 2 (39)
Accumulated other comprehensive loss$(192)$(25)$(20)$(237)
(2) The amount reclassified from accumulated other comprehensive loss related to the acquisition of the remaining interest in the entities which own Grand Hyatt São Paulo (see Note 6).
v3.22.1
STOCK-BASED COMPENSATION
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
As part of our Long-Term Incentive Plan ("LTIP"), 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 March 31,
20222021
SARs$10 $9 
RSUs16 13 
PSUs 2 6 
Total$28 $28 
SARs—During the three months ended March 31, 2022, we granted 344,202 SARs to employees with a weighted-average grant date fair value of $37.71. During the three months ended March 31, 2021, we granted 396,889 SARs to employees with a weighted-average grant date fair value of $28.68.
RSUs—During the three months ended March 31, 2022, we granted 414,466 RSUs to employees and non-employee directors with a weighted-average grant date fair value of $95.00. During the three months ended March 31, 2021, we granted 388,726 RSUs to employees and non-employee directors with a weighted-average grant date fair value of $80.48.
PSUs—During the three months ended March 31, 2022, we did not grant any PSUs under our LTIP. During the three months ended March 31, 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 March 31, 2022 was $4 million for SARs, $48 million for RSUs, and $13 million for PSUs, which will primarily be recognized in stock-based compensation expense over a weighted-average period of three years.
v3.22.1
RELATED-PARTY TRANSACTIONS
 3 Months Ended
Mar. 31, 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:
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 $4 million and $1 million of fees during the three months ended March 31, 2022 and March 31, 2021, respectively. In addition, in some cases we provide loans (see Note 5) or guarantees (see Note 12) to these entities. During the three months ended March 31, 2022 and March 31, 2021, we recognized $2 million and $1 million of income related to these guarantees, respectively. At March 31, 2022 and December 31, 2021, we had $31 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 three months ended March 31, 2022 and March 31, 2021, 635,522 and 800,169 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 converted into shares of Class A common stock during the three months ended March 31, 2021 have been retired, and those converted into shares of Class A common stock during the three months ended March 31, 2022 will be retired subsequent to March 31, 2022, thereby reducing the shares of Class B common stock authorized and outstanding.
v3.22.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 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 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 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 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 resorts within the AMR Collection located in Mexico, the Caribbean, Central America, and Europe; and through a paid membership program offering benefits exclusively at AMR Collection resorts within 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 primarily to marketing services provided on behalf of owners of AMR Collection resorts.
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 March 31,
20222021
Owned and leased hotels
Owned and leased hotels revenues$277 $107 
Intersegment revenues (1)6 3 
Adjusted EBITDA54 (29)
Depreciation and amortization52 59 
Americas management and franchising
Management, franchise, and other fees revenues95 38 
Contra revenue(6)(4)
Other revenues38 17 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties461 227 
Intersegment revenues (1)9 3 
Adjusted EBITDA85 28 
Depreciation and amortization5 5 
ASPAC management and franchising
Management, franchise, and other fees revenues14 15 
Contra revenue(1)(1)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties29 20 
Adjusted EBITDA5 5 
Depreciation and amortization— 1 
EAME/SW Asia management and franchising
Management, franchise, and other fees revenues15 7 
Contra revenue(2)(3)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties21 13 
Intersegment revenues (1)1 — 
Adjusted EBITDA6 — 
Apple Leisure Group
Management, franchise, and other fees revenues30 — 
Distribution and destination management revenues246 — 
Other revenues34 — 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties29 — 
Adjusted EBITDA56 — 
Depreciation and amortization55 — 
Corporate and other
Revenues14 8 
Intersegment revenues (1)(1)— 
Adjusted EBITDA(38)(24)
Depreciation and amortization7 9 
Eliminations
Revenues (1)(15)(6)
Adjusted EBITDA 1 — 
TOTAL
Revenues$1,279 $438 
Adjusted EBITDA169 (20)
Depreciation and amortization119 74 
(1)Intersegment revenues are included in management, franchise, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated in Eliminations.
The table below provides a reconciliation of our net loss attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA:
Three Months Ended March 31,
20222021
Net loss attributable to Hyatt Hotels Corporation$(73)$(304)
Interest expense40 41 
Provision for income taxes2 186 
Depreciation and amortization119 74 
EBITDA88 (3)
Contra revenue9 8 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties(540)(260)
Costs incurred on behalf of managed and franchised properties556 277 
Equity (earnings) losses from unconsolidated hospitality ventures9 (54)
Stock-based compensation expense (Note 14)
28 28 
Asset impairments3 — 
Other (income) loss, net (Note 18)
10 (12)
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA6 (4)
Adjusted EBITDA$169 $(20)
v3.22.1
LOSSES PER SHARE
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
LOSSES PER SHARE LOSSES PER SHARE
The calculation of basic and diluted losses per share, including a reconciliation of the numerator and denominator, is as follows:
Three Months Ended March 31,
20222021
Numerator:
Net loss$(73)$(304)
Net loss attributable to noncontrolling interests— — 
Net loss attributable to Hyatt Hotels Corporation$(73)$(304)
Denominator:
Basic weighted-average shares outstanding110,172,487 101,525,935 
Share-based compensation— — 
Diluted weighted-average shares outstanding110,172,487 101,525,935 
Basic Losses Per Share:
Net loss$(0.67)$(2.99)
Net loss attributable to noncontrolling interests— — 
Net loss attributable to Hyatt Hotels Corporation$(0.67)$(2.99)
Diluted Losses Per Share:
Net loss$(0.67)$(2.99)
Net loss attributable to noncontrolling interests— — 
Net loss attributable to Hyatt Hotels Corporation$(0.67)$(2.99)
The computations of diluted net losses per share for the three months ended March 31, 2022 and March 31, 2021 do not include the following shares of Class A common stock assumed to be issued as stock-settled SARs and RSUs because they are anti-dilutive.
Three Months Ended March 31,
20222021
SARs1,655,500 1,342,600 
RSUs679,000 658,100 
v3.22.1
OTHER INCOME (LOSS), NET
 3 Months Ended
Mar. 31, 2022
Other Income and Expenses [Abstract]  
OTHER INCOME (LOSS), NET OTHER INCOME (LOSS), NET
Three Months Ended March 31,
20222021
Unrealized gains (losses), net (Note 4)$(10)$8 
Performance guarantee expense (Note 12)(7)(1)
Depreciation recovery 4 4 
Interest income 6 6 
Other, net(3)(5)
Other income (loss), net$(10)$12 
v3.22.1
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Policies)
 3 Months Ended
Mar. 31, 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 ("LIBOR") 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 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 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 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 resorts within the AMR Collection located in Mexico, the Caribbean, Central America, and Europe; and through a paid membership program offering benefits exclusively at AMR Collection resorts within 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 primarily to marketing services provided on behalf of owners of AMR Collection resorts.
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.
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2022
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingApple Leisure GroupCorporate and otherEliminationsTotal
Rooms revenues$167 $— $— $— $— $— $(6)$161 
Food and beverage69 — — — — — — 69 
Other 41 — — — — — — 41 
Owned and leased hotels277 — — — — — (6)271 
Base management fees— 46 8 6 8 — (8)60 
Incentive management fees— 12 4 7 19 — (2)40 
Franchise fees— 34 — 1 — — — 35 
Other fees— 3 2 1 3 10 — 19 
Management, franchise, and other fees— 95 14 15 30 10 (10)154 
Contra revenue— (6)(1)(2)— — — (9)
Net management, franchise, and other fees— 89 13 13 30 10 (10)145 
Distribution and destination management— — — — 246 — — 246 
Other revenues— 38 — — 34 4 1 77 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 461 29 21 29 — — 540 
Total$277 $588 $42 $34 $339 $14 $(15)$1,279 
Three Months Ended March 31, 2021
Owned and leased hotelsAmericas management and franchisingASPAC management and franchisingEAME/SW Asia management and franchisingCorporate and otherEliminationsTotal
Rooms revenues$62 $— $— $— $— $(3)$59 
Food and beverage 20 — — — — — 20 
Other 25 — — — — — 25 
Owned and leased hotels107 — — — — (3)104 
Base management fees— 16 8 3 — (3)24 
Incentive management fees— 1 5 2 — — 8 
Franchise fees— 17 — — — — 17 
Other fees— 4 2 2 6 — 14 
Management, franchise, and other fees— 38 15 7 6 (3)63 
Contra revenue— (4)(1)(3)— — (8)
Net management, franchise, and other fees— 34 14 4 6 (3)55 
Other revenues— 17 — — 2 — 19 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties— 227 20 13 — — 260 
Total$107 $278 $34 $17 $8 $(6)$438 
Summary of Contract Liability
Contract liabilities were comprised of the following:
March 31, 2022December 31, 2021
Deferred revenue related to the paid membership program$891 $833 
Deferred revenue related to the loyalty program843 814 
Deferred revenue related to travel distribution and destination management services719 629 
Advanced deposits57 61 
Initial fees received from franchise owners43 42 
Deferred revenue related to insurance programs36 52 
Other deferred revenue103 96 
Total contract liabilities$2,692 $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 
v3.22.1
DEBT AND EQUITY SECURITIES (Tables)
 3 Months Ended
Mar. 31, 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:
March 31, 2022December 31, 2021
Loyalty program (Note 8)
$615 $601 
Deferred compensation plans held in rabbi trusts (Note 8 and Note 10)
498 543 
Captive insurance company (Note 8)
119 148 
Total marketable securities held to fund operating programs$1,232 $1,292 
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments(206)(173)
Marketable securities held to fund operating programs included in other assets$1,026 $1,119 
Schedule of Net Gains and Interest Income from Marketable Securities Held to Fund Operating Programs
Net unrealized and realized gains (losses) from marketable securities held to fund operating programs recognized on our condensed consolidated financial statements were as follows:
Three Months Ended March 31,
20222021
Unrealized gains (losses), net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$(32)$3 
Other income (loss), net (Note 18)(18)(9)
Other comprehensive loss (Note 13)(7)(1)
Realized gains, net
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts$1 $9 
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:
March 31, 2022December 31, 2021
Time deposits$325 $255 
Common shares in Playa N.V. (Note 8)
105 97 
Interest-bearing money market funds90 231 
Total marketable securities held for investment purposes$520 $583 
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments(415)(486)
Marketable securities held for investment purposes included in other assets$105 $97 
Schedule of Unrealized Gain (Loss) on Investments Net unrealized gains recognized on our condensed consolidated statements of income (loss) were as follows:
Three Months Ended March 31,
20222021
Other income (loss), net (Note 18)$8 $17 
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:
March 31, 2022Cash and cash equivalentsShort-term investmentsOther assets
Level One - Quoted Prices in Active Markets for Identical Assets
Interest-bearing money market funds$286 $286 $— $— 
Mutual funds564 — — 564 
Common shares in Playa N.V.105 — — 105 
Level Two - Significant Other Observable Inputs
Time deposits329 53 273 3 
U.S. government obligations226 — 3 223 
U.S. government agencies58 — — 58 
Corporate debt securities129 — 6 123 
Mortgage-backed securities23 — — 23 
Asset-backed securities25 — — 25 
Municipal and provincial notes and bonds7 — — 7 
Total$1,752 $339 $282 $1,131 
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 At March 31, 2022 and December 31, 2021, HTM debt securities recorded within other assets on our condensed consolidated balance sheets were as follows:
March 31, 2022December 31, 2021
HTM debt securities$93 $91 
Less: allowance for credit losses(39)(38)
Total HTM debt securities, net of allowances$54 $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 
Credit losses (1)1 1 
Allowance at March 31$39 $22 
(1) Credit losses were partially or fully offset by interest income recognized in the same periods (see Note 18).
v3.22.1
RECEIVABLES (Tables)
 3 Months Ended
Mar. 31, 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 
Schedule of Financing Receivables
March 31, 2022December 31, 2021
Unsecured financing to hotel owners$134 $133 
Less: current portion of financing receivables, included in receivables, net(5)(23)
Less: allowance for credit losses(72)(69)
Total long-term financing receivables, net of allowances$57 $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 
Schedule of Credit Monitoring Our unsecured financing receivables were as follows:
March 31, 2022
 Gross loan balance (principal and interest)Related allowanceNet financing receivablesGross receivables on nonaccrual status
Loans$132 $(70)$62 $51 
Other financing arrangements2 (2)— — 
Total unsecured financing receivables$134 $(72)$62 $51 
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 
v3.22.1
ACQUISITIONS AND DISPOSITIONS (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2022:
Cash and cash equivalents$460 
Restricted cash16 
Receivables168 
Prepaids and other assets74 
Property and equipment6 
Financing receivables, net19 
Operating lease right-of-use assets79 
Goodwill (1)2,718 
Indefinite-lived intangibles (2)514 
Management agreement intangibles (3)486 
Customer relationships intangibles (4)608 
Other intangibles15 
Other assets42 
Total assets acquired$5,205 
Accounts payable$255 
Accrued expenses and other current liabilities97 
Current contract liabilities (5)646 
Accrued compensation and benefits49 
Current operating lease liabilities9 
Long-term contract liabilities (5)747 
Long-term operating lease liabilities70 
Other long-term liabilities138 
Total liabilities assumed$2,011 
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 AMR Collection and ALG Vacations brand names.
(3) Amortized over useful lives of approximately 1 to 20 years, with a weighted-average useful life of approximately 12 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 
v3.22.1
INTANGIBLES, NET (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
March 31, 2022Weighted-
average useful
lives in years		December 31, 2021
Management and franchise agreement intangibles$822 15$835 
Brand and other indefinite-lived intangibles637 — 646 
Customer relationships intangibles608 9586 
Other intangibles22 558 
Intangibles2,089 2,125 
Less: accumulated amortization(209)(148)
Intangibles, net$1,880 $1,977 
Schedule of Indefinite-Lived Intangible Assets
March 31, 2022Weighted-
average useful
lives in years		December 31, 2021
Management and franchise agreement intangibles$822 15$835 
Brand and other indefinite-lived intangibles637 — 646 
Customer relationships intangibles608 9586 
Other intangibles22 558 
Intangibles2,089 2,125 
Less: accumulated amortization(209)(148)
Intangibles, net$1,880 $1,977 
Schedule of Intangible Assets Amortization Expense
 Three Months Ended March 31,
 20222021
Amortization expense$60 $7 
v3.22.1
OTHER ASSETS (Tables)
 3 Months Ended
Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Assets
March 31, 2022December 31, 2021
Management and franchise agreement assets constituting payments to customers (1) $587 $571 
Marketable securities held to fund rabbi trusts (Note 4)498 543 
Marketable securities held to fund the loyalty program (Note 4)419 439 
Marketable securities held for captive insurance company (Note 4)109 137 
Common shares in Playa N.V. (Note 4)105 97 
Long-term investments (Note 4)66 65 
Other206 182 
Total other assets$1,990 $2,034 
(1) Includes cash consideration as well as other forms of consideration provided, such as debt repayment or performance guarantees.
v3.22.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Fair Value, by Balance Sheet Grouping
March 31, 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)$3,836 $3,884 $— $3,843 $41 
(1) Excludes $7 million of finance lease obligations and $22 million of unamortized discounts and deferred financing fees. The carrying value and fair value also exclude $164 million of debt, net of $4 million of unamortized discounts, related to Grand Hyatt San Antonio River Walk, which was classified as held for sale at March 31, 2022 (see Note 6).
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.
v3.22.1
OTHER LONG-TERM LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2022
Other Liabilities [Abstract]  
Schedule of Other Long-Term Liabilities
March 31, 2022December 31, 2021
Deferred compensation plans funded by rabbi trusts (Note 4)$498 $543 
Income taxes payable294 281 
Deferred income taxes (Note 11)96 93 
Guarantee liabilities (Note 12)84 92 
Self-insurance liabilities (Note 12)68 66 
Other61 64 
Total other long-term liabilities$1,101 $1,139 
v3.22.1
COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2022Other long-term liabilities recorded at December 31, 2021Year of guarantee expiration
United States (1), (2)$134 $51 $7 $10 various, through 2024
All foreign (1), (3)215 205 37 41 various, through 2031
Total $349 $256 $44 $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 March 31, 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 $97 million, taking into account our partner's 50% ownership interest in the unconsolidated hospitality venture. Under certain events or conditions, we have the right to force the sale of the properties in order to recover amounts funded.
v3.22.1
EQUITY (Tables)
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Balance at
January 1, 2022		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive lossBalance at
March 31, 2022
Foreign currency translation adjustments$(206)$21 $— $(185)
Unrealized losses on AFS debt securities(1)(7)— (8)
Unrecognized pension cost(4)(1)(1)(6)
Unrealized gains (losses) on derivative instruments (1)(34)— 2 (32)
Accumulated other comprehensive loss$(245)$13 $1 $(231)
(1) The amount reclassified from accumulated other comprehensive loss included realized losses recognized in interest expense, net of insignificant tax impacts, related to the settlement of interest rate locks. We expect to reclassify $6 million of losses over the next 12 months.
Balance at
January 1, 2021 		Current period other comprehensive income (loss) before reclassificationAmount reclassified from accumulated other comprehensive lossBalance at
March 31, 2021
Foreign currency translation adjustments (2)$(145)$(24)$(22)$(191)
Unrealized gains (losses) on AFS debt securities1 (1)— — 
Unrecognized pension cost(7)— — (7)
Unrealized gains (losses) on derivative instruments (1)(41)— 2 (39)
Accumulated other comprehensive loss$(192)$(25)$(20)$(237)
(2) The amount reclassified from accumulated other comprehensive loss related to the acquisition of the remaining interest in the entities which own Grand Hyatt São Paulo (see Note 6).
v3.22.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 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 March 31,
20222021
SARs$10 $9 
RSUs16 13 
PSUs 2 6 
Total$28 $28 
v3.22.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 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 March 31,
20222021
Owned and leased hotels
Owned and leased hotels revenues$277 $107 
Intersegment revenues (1)6 3 
Adjusted EBITDA54 (29)
Depreciation and amortization52 59 
Americas management and franchising
Management, franchise, and other fees revenues95 38 
Contra revenue(6)(4)
Other revenues38 17 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties461 227 
Intersegment revenues (1)9 3 
Adjusted EBITDA85 28 
Depreciation and amortization5 5 
ASPAC management and franchising
Management, franchise, and other fees revenues14 15 
Contra revenue(1)(1)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties29 20 
Adjusted EBITDA5 5 
Depreciation and amortization— 1 
EAME/SW Asia management and franchising
Management, franchise, and other fees revenues15 7 
Contra revenue(2)(3)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties21 13 
Intersegment revenues (1)1 — 
Adjusted EBITDA6 — 
Apple Leisure Group
Management, franchise, and other fees revenues30 — 
Distribution and destination management revenues246 — 
Other revenues34 — 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties29 — 
Adjusted EBITDA56 — 
Depreciation and amortization55 — 
Corporate and other
Revenues14 8 
Intersegment revenues (1)(1)— 
Adjusted EBITDA(38)(24)
Depreciation and amortization7 9 
Eliminations
Revenues (1)(15)(6)
Adjusted EBITDA 1 — 
TOTAL
Revenues$1,279 $438 
Adjusted EBITDA169 (20)
Depreciation and amortization119 74 
(1)Intersegment revenues are included in management, franchise, and other fees revenues, owned and leased hotels revenues, and other revenues and eliminated in Eliminations.
Schedule of Reconciliation of Consolidated Adjusted EBITDA to EBITDA and a Reconciliation of EBITDA to Net Income Attributable to Hyatt Hotels Corporation
The table below provides a reconciliation of our net loss attributable to Hyatt Hotels Corporation to EBITDA and a reconciliation of EBITDA to our consolidated Adjusted EBITDA:
Three Months Ended March 31,
20222021
Net loss attributable to Hyatt Hotels Corporation$(73)$(304)
Interest expense40 41 
Provision for income taxes2 186 
Depreciation and amortization119 74 
EBITDA88 (3)
Contra revenue9 8 
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties(540)(260)
Costs incurred on behalf of managed and franchised properties556 277 
Equity (earnings) losses from unconsolidated hospitality ventures9 (54)
Stock-based compensation expense (Note 14)
28 28 
Asset impairments3 — 
Other (income) loss, net (Note 18)
10 (12)
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA6 (4)
Adjusted EBITDA$169 $(20)
v3.22.1
LOSSES PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of the Calculation of Basic and Diluted Earnings (Losses) Per Share
The calculation of basic and diluted losses per share, including a reconciliation of the numerator and denominator, is as follows:
Three Months Ended March 31,
20222021
Numerator:
Net loss$(73)$(304)
Net loss attributable to noncontrolling interests— — 
Net loss attributable to Hyatt Hotels Corporation$(73)$(304)
Denominator:
Basic weighted-average shares outstanding110,172,487 101,525,935 
Share-based compensation— — 
Diluted weighted-average shares outstanding110,172,487 101,525,935 
Basic Losses Per Share:
Net loss$(0.67)$(2.99)
Net loss attributable to noncontrolling interests— — 
Net loss attributable to Hyatt Hotels Corporation$(0.67)$(2.99)
Diluted Losses Per Share:
Net loss$(0.67)$(2.99)
Net loss attributable to noncontrolling interests— — 
Net loss attributable to Hyatt Hotels Corporation$(0.67)$(2.99)
Schedule of Antidilutive Securities Excluded from Computation of Losses Per Share
The computations of diluted net losses per share for the three months ended March 31, 2022 and March 31, 2021 do not include the following shares of Class A common stock assumed to be issued as stock-settled SARs and RSUs because they are anti-dilutive.
Three Months Ended March 31,
20222021
SARs1,655,500 1,342,600 
RSUs679,000 658,100 
v3.22.1
OTHER INCOME (LOSS), NET (Tables)
 3 Months Ended
Mar. 31, 2022
Other Income and Expenses [Abstract]  
Schedule of Other Income (Loss), Net
Three Months Ended March 31,
20222021
Unrealized gains (losses), net (Note 4)$(10)$8 
Performance guarantee expense (Note 12)(7)(1)
Depreciation recovery 4 4 
Interest income 6 6 
Other, net(3)(5)
Other income (loss), net$(10)$12 
v3.22.1
ORGANIZATION (Details)
Mar. 31, 2022
country
hotel
room
Organization  
Number of countries in which entity operates | country 71
Full Service  
Organization  
Number of hotels operated or franchised 519
Number of rooms operated or franchised | room 171,823
Number of hotels operated or marketed 111
Number of rooms operated or marketed | room 36,152
Select Service  
Organization  
Number of hotels operated or franchised 542
Number of rooms operated or franchised | room 78,419
Select Service | United States  
Organization  
Number of hotels operated or franchised 445
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS- Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Disaggregation of Revenue [Line Items]    
Revenues $ 1,279 $ 438
Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 271 104
Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues 161 59
Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 69 20
Other    
Disaggregation of Revenue [Line Items]    
Revenues 41 25
Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 145 55
Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 154 63
Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues 60 24
Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues 40 8
Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 35 17
Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 19 14
Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues (9) (8)
Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 246 0
Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 77 19
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties    
Disaggregation of Revenue [Line Items]    
Revenues 540 260
Operating Segments | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 277 107
Operating Segments | Owned and leased hotels | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 277 107
Operating Segments | Owned and leased hotels | Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues 167 62
Operating Segments | Owned and leased hotels | Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 69 20
Operating Segments | Owned and leased hotels | Other    
Disaggregation of Revenue [Line Items]    
Revenues 41 25
Operating Segments | Owned and leased hotels | Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Owned and leased hotels | Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Owned and leased hotels | Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Owned and leased hotels | Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Owned and leased hotels | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Owned and leased hotels | Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Owned and leased hotels | Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Owned and leased hotels | Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Owned and leased hotels | Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 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
Operating Segments | Americas management and franchising    
Disaggregation of Revenue [Line Items]    
Revenues 588 278
Operating Segments | Americas management and franchising | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Americas management and franchising | Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Americas management and franchising | Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Americas management and franchising | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | Americas management and franchising | Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 89 34
Operating Segments | Americas management and franchising | Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 95 38
Operating Segments | Americas management and franchising | Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues 46 16
Operating Segments | Americas management and franchising | Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues 12 1
Operating Segments | Americas management and franchising | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 34 17
Operating Segments | Americas management and franchising | Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 3 4
Operating Segments | Americas management and franchising | Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues (6) (4)
Operating Segments | Americas management and franchising | Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Americas management and franchising | Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 38 17
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 461 227
Operating Segments | ASPAC management and franchising    
Disaggregation of Revenue [Line Items]    
Revenues 42 34
Operating Segments | ASPAC management and franchising | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | ASPAC management and franchising | Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | ASPAC management and franchising | Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | ASPAC management and franchising | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | ASPAC management and franchising | Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 13 14
Operating Segments | ASPAC management and franchising | Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 14 15
Operating Segments | ASPAC management and franchising | Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues 8 8
Operating Segments | ASPAC management and franchising | Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues 4 5
Operating Segments | ASPAC management and franchising | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | ASPAC management and franchising | Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 2 2
Operating Segments | ASPAC management and franchising | Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues (1) (1)
Operating Segments | ASPAC management and franchising | Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | ASPAC management and franchising | Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 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 29 20
Operating Segments | EAME/SW Asia management and franchising    
Disaggregation of Revenue [Line Items]    
Revenues 34 17
Operating Segments | EAME/SW Asia management and franchising | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | EAME/SW Asia management and franchising | Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | EAME/SW Asia management and franchising | Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | EAME/SW Asia management and franchising | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Operating Segments | EAME/SW Asia management and franchising | Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 13 4
Operating Segments | EAME/SW Asia management and franchising | Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 15 7
Operating Segments | EAME/SW Asia management and franchising | Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues 6 3
Operating Segments | EAME/SW Asia management and franchising | Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues 7 2
Operating Segments | EAME/SW Asia management and franchising | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 1 0
Operating Segments | EAME/SW Asia management and franchising | Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 1 2
Operating Segments | EAME/SW Asia management and franchising | Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues (2) (3)
Operating Segments | EAME/SW Asia management and franchising | Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | EAME/SW Asia management and franchising | Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 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 21 13
Operating Segments | Apple Leisure Group    
Disaggregation of Revenue [Line Items]    
Revenues 339  
Operating Segments | Apple Leisure Group | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Apple Leisure Group | Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Apple Leisure Group | Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Apple Leisure Group | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Apple Leisure Group | Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 30  
Operating Segments | Apple Leisure Group | Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 30 0
Operating Segments | Apple Leisure Group | Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues 8  
Operating Segments | Apple Leisure Group | Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues 19  
Operating Segments | Apple Leisure Group | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Apple Leisure Group | Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 3  
Operating Segments | Apple Leisure Group | Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Operating Segments | Apple Leisure Group | Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 246 0
Operating Segments | Apple Leisure Group | Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 34 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 29 0
Corporate and other    
Disaggregation of Revenue [Line Items]    
Revenues 14 8
Corporate and other | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 10 6
Corporate and other | Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues 10 6
Corporate and other | Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 10 6
Corporate and other | Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Corporate and other | Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Corporate and other | Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 4 2
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
Eliminations    
Disaggregation of Revenue [Line Items]    
Revenues (15) (6)
Eliminations | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues (6) (3)
Eliminations | Rooms revenues    
Disaggregation of Revenue [Line Items]    
Revenues (6) (3)
Eliminations | Food and beverage    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Eliminations | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Eliminations | Net management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues (10) (3)
Eliminations | Management, franchise, and other fees    
Disaggregation of Revenue [Line Items]    
Revenues (10) (3)
Eliminations | Base management fees    
Disaggregation of Revenue [Line Items]    
Revenues (8) (3)
Eliminations | Incentive management fees    
Disaggregation of Revenue [Line Items]    
Revenues (2) 0
Eliminations | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Eliminations | Other fees    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Eliminations | Contra revenue    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Eliminations | Distribution and destination management    
Disaggregation of Revenue [Line Items]    
Revenues 0  
Eliminations | Other revenues    
Disaggregation of Revenue [Line Items]    
Revenues 1 0
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties    
Disaggregation of Revenue [Line Items]    
Revenues 0 0
Eliminations | Owned and leased hotels    
Disaggregation of Revenue [Line Items]    
Revenues (6) (3)
Eliminations | Americas management and franchising    
Disaggregation of Revenue [Line Items]    
Revenues (9) (3)
Eliminations | EAME/SW Asia management and franchising    
Disaggregation of Revenue [Line Items]    
Revenues $ (1) $ 0
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Liability Balances (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]        
Total contract liabilities $ 2,692 $ 2,527 $ 960 $ 941
Deferred revenue related to the paid membership program        
Disaggregation of Revenue [Line Items]        
Total contract liabilities 891 833    
Deferred revenue related to the loyalty program        
Disaggregation of Revenue [Line Items]        
Total contract liabilities 843 814    
Deferred revenue related to travel distribution and destination management services        
Disaggregation of Revenue [Line Items]        
Total contract liabilities 719 629    
Advanced deposits        
Disaggregation of Revenue [Line Items]        
Total contract liabilities 57 61    
Initial fees received from franchise owners        
Disaggregation of Revenue [Line Items]        
Total contract liabilities 43 42    
Deferred revenue related to insurance programs        
Disaggregation of Revenue [Line Items]        
Total contract liabilities 36 52    
Other deferred revenue        
Disaggregation of Revenue [Line Items]        
Total contract liabilities $ 103 $ 96    
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS- Activity in Contract Liability Balances (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Increase (Decrease) in Contract with Customer, Liability [Roll Forward]    
Contract liabilities, beginning balance $ 2,527 $ 941
Cash received and other 1,410 105
Revenue recognized (1,245) (86)
Contract liabilities, ending balance 2,692 960
Revenue recognized from opening balance $ 501 $ 69
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS- Remaining Performance Obligation (Details)
$ in Millions
Mar. 31, 2022
USD ($)
Revenue from Contract with Customer [Abstract]  
Remaining performance obligation $ 460
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation, percent recognized 20.00%
Remaining performance obligation, period 12 months
v3.22.1
DEBT AND EQUITY SECURITIES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Schedule of Debt and Equity Method Investments      
Equity method investments $ 209   $ 216
Held-to-maturity securities, fair value 81   77
Equity securities without a readily determinable fair value 12   12
Loyalty program      
Schedule of Debt and Equity Method Investments      
Available-for-sale debt securities 154   141
Captive insurance company      
Schedule of Debt and Equity Method Investments      
Equity securities 66   $ 89
Grand Hyatt Sao Paulo      
Schedule of Debt and Equity Method Investments      
Cash acquired   $ 6  
Repayment of third-party mortgage loan   78  
Gain on asset acquisition $ 69 $ 69  
v3.22.1
DEBT AND EQUITY SECURITIES - Held to Fund Operating Programs (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Held for Operating Programs    
Schedule of Investments    
Total marketable securities held to fund operating programs $ 1,232 $ 1,292
Less: current portion of marketable securities held to fund operating programs included in cash and cash equivalents and short-term investments (206) (173)
Marketable securities held to fund operating programs included in other assets 1,026 1,119
Loyalty Program    
Schedule of Investments    
Total marketable securities held to fund operating programs 615 601
Deferred Compensation Plans    
Schedule of Investments    
Total marketable securities held to fund operating programs 498 543
Captive Insurance Company    
Schedule of Investments    
Total marketable securities held to fund operating programs $ 119 $ 148
v3.22.1
DEBT AND EQUITY SECURITIES - Gain (loss) on Investments Held to Fund Operating Programs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Unrealized gains (losses), net    
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts $ (32) $ 3
Other income (loss), net (18) (9)
Other comprehensive loss (7) (1)
Realized gains, net    
Net gains (losses) and interest income from marketable securities held to fund rabbi trusts $ 1 $ 9
v3.22.1
DEBT AND EQUITY SECURITIES - Held for Investment Purposes (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Schedule of Investments    
Common shares in Playa N.V $ 105 $ 97
Held for Investment Purposes    
Schedule of Investments    
Time deposits 325 255
Common shares in Playa N.V 105 97
Interest-bearing money market funds 90 231
Total marketable securities held to fund operating programs 520 583
Less: current portion of marketable securities held for investment purposes included in cash and cash equivalents and short-term investments (415) (486)
Marketable securities held for investment purposes included in other assets $ 105 $ 97
v3.22.1
DEBT AND EQUITY SECURITIES - Common Shares of Playa N.V (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Playa Hotels & Resorts N.V.    
Schedule of Investments    
Other income (loss), net $ 8 $ 17
v3.22.1
DEBT AND EQUITY SECURITIES - Fair Value of Investments (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Investments, fair value disclosure $ 1,752 $ 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 286 397
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 564 632
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 105 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 329 259
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 226 235
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 58 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 129 137
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 25 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 7 8
Cash and cash equivalents    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Investments, fair value disclosure 339 432
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 286 397
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 53 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    
Investments, fair value disclosure 282 227
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 273 221
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 0 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 6 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    
Investments, fair value disclosure 1,131 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 564 632
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 105 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 223 235
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 58 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 123 131
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 25 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 $ 7 $ 8
v3.22.1
DEBT AND EQUITY SECURITIES - Schedule of Debt and Equity Securities HTM (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]        
HTM debt securities $ 93 $ 91    
Less: allowance for credit losses (39) (38) $ (22) $ (21)
Total HTM debt securities, net of allowances $ 54 $ 53    
v3.22.1
DEBT AND EQUITY SECURITIES - Activity in HTM Debt Security Allowance (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Roll Forward]    
Beginning balance $ 38 $ 21
Credit losses 1 1
Ending balance $ 39 $ 22
v3.22.1
RECEIVABLES - Accounts Receivable (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]      
Net receivables $ 655   $ 633
Accounts Receivable, Allowance for Credit Loss [Roll Forward]      
Allowance beginning balance 53 $ 56  
Provisions 7 1  
Other (4) 0  
Allowance ending balance $ 56 $ 57  
v3.22.1
RECEIVABLES - Schedule of Financing Receivables (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable        
Less: allowance for credit losses $ (72) $ (69)    
Total long-term financing receivables, net of allowances 57 41    
Unsecured Financing        
Accounts, Notes, Loans and Financing Receivable        
Unsecured financing to hotel owners 134 133    
Less: current portion of financing receivables, included in receivables, net (5) (23)    
Less: allowance for credit losses (72) (69) $ (115) $ (114)
Total long-term financing receivables, net of allowances $ 57 $ 41    
v3.22.1
RECEIVABLES - Allowance for Losses and Impairments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Allowance for Losses and Impairments    
Allowance beginning balance $ 69  
Allowance ending balance 72  
Unsecured Financing    
Allowance for Losses and Impairments    
Allowance beginning balance 69 $ 114
Provisions 0 3
Foreign currency exchange, net 3 (2)
Allowance ending balance $ 72 $ 115
v3.22.1
RECEIVABLES - Credit Monitoring (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Unsecured Financing Receivables        
Related allowance $ (72) $ (69)    
Unsecured Financing        
Unsecured Financing Receivables        
Gross loan balance (principal and interest) 134 133    
Related allowance (72) (69) $ (115) $ (114)
Net financing receivables 62 64    
Gross receivables on nonaccrual status 51 47    
Unsecured Financing | Loans        
Unsecured Financing Receivables        
Gross loan balance (principal and interest) 132 130    
Related allowance (70) (67)    
Net financing receivables 62 63    
Gross receivables on nonaccrual status 51 47    
Unsecured Financing | Other financing arrangements        
Unsecured Financing Receivables        
Gross loan balance (principal and interest) 2 3    
Related allowance (2) (2)    
Net financing receivables 0 1    
Gross receivables on nonaccrual status $ 0 $ 0    
v3.22.1
RECEIVABLES - Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Significant unobservable inputs (Level Three)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Financing receivables $ 107 $ 88
v3.22.1
ACQUISITIONS AND DISPOSITIONS - Acquisitions Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Nov. 01, 2021
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Grand Hyatt Sao Paulo        
Business Acquisition [Line Items]        
Asset acquisition, voting rights acquired     50.00%  
Cash paid     $ 6  
Repayment of third-party mortgage loan     78  
Gain on asset acquisition   $ 69 $ 69  
Reversal of long term liabilities   42    
Currency translation loss reclassified   (22)    
Property and equipment acquired   101    
Deferred tax liabilities   $ 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      
Decrease in intangibles   $ 25    
Reduction of property plant and equipment   16    
Increase in goodwill   $ (41)    
v3.22.1
ACQUISITIONS AND DISPOSITIONS - Net Assets Acquired (Details) - USD ($)
$ in Millions
 3 Months Ended
Nov. 01, 2021
Mar. 31, 2022
Mar. 31, 2021
Acquired Indefinite-lived Intangible Assets [Line Items]      
Cash paid, net of cash acquired   $ 39 $ 84
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    
Purchase price adjustments 39    
Net assets acquired $ 3,194    
v3.22.1
ACQUISITIONS AND DISPOSITIONS - Schedule of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
 3 Months Ended
Nov. 01, 2021
Mar. 31, 2022
Dec. 31, 2021
Business Acquisition [Line Items]      
Goodwill   $ 3,006 $ 2,965
Management And Franchise Agreement | Minimum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 1 year    
Management And Franchise Agreement | Maximum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 20 years    
Management And Franchise Agreement | Weighted Average      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 12 years    
Customer Relationships      
Business Acquisition [Line Items]      
Weighted- average useful lives in years   9 years  
Customer Relationships | Minimum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 4 years    
Customer Relationships | Maximum      
Business Acquisition [Line Items]      
Weighted- average useful lives in years 11 years    
Customer Relationships | 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   79  
Goodwill   2,718  
Indefinite-lived intangibles   514  
Other assets   42  
Total assets acquired   5,205  
Accounts payable   255  
Accrued expenses and other current liabilities   97  
Current contract liabilities   646  
Accrued compensation and benefits   49  
Current operating lease liabilities   9  
Long-term contract liabilities   747  
Long-term operating lease liabilities   70  
Other long-term liabilities   138  
Total liabilities assumed   2,011  
Total net assets acquired attributable to Hyatt Hotels Corporation   3,194  
Goodwill expected tax deductible amount   36  
Apple Leisure Group | Management And Franchise Agreement      
Business Acquisition [Line Items]      
Finite-lived intangibles   486  
Apple Leisure Group | Customer Relationships      
Business Acquisition [Line Items]      
Finite-lived intangibles   608  
Apple Leisure Group | Other      
Business Acquisition [Line Items]      
Finite-lived intangibles   $ 15  
v3.22.1
ACQUISITIONS AND DISPOSITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - Grand Hyatt Sao Paulo
$ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
Asset Acquisition [Line Items]  
Cash paid $ 6
Repayment of third-party mortgage loan 78
Fair value of our previously-held equity method investment 6
Net assets acquired $ 90
v3.22.1
ACQUISITIONS AND DISPOSITIONS - Held For Sale (Details) - Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations - USD ($)
$ in Millions
Apr. 28, 2022
Apr. 20, 2022
Apr. 01, 2022
Mar. 31, 2022
Hyatt Regency Indian Wells Resort & Spa        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Assets held-for-sale       $ 105
Property plant and equipment held for sale       101
Contract liabilities       4
Disposal of liabilities       8
Grand Hyatt San Antonio River Walk        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Assets held-for-sale       193
Property plant and equipment held for sale       170
Disposal of liabilities       195
Debt       164
Unamortized discount       4
The Driskill        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Assets held-for-sale       77
Property plant and equipment held for sale       63
Disposal of liabilities       9
Long-term operating lease liability       $ 6
Subsequent Event | Hyatt Regency Indian Wells Resort & Spa        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Disposal group, consideration     $ 145  
Subsequent Event | Grand Hyatt San Antonio River Walk        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Disposal group, consideration   $ 310    
Subsequent Event | The Driskill        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Disposal group, consideration $ 125      
v3.22.1
INTANGIBLES, NET - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Intangibles $ 2,089 $ 2,125
Less: accumulated amortization (209) (148)
Intangibles, net 1,880 1,977
Brand and other indefinite-lived intangibles    
Indefinite-lived Intangible Assets [Line Items]    
Brand and other indefinite-lived intangibles 637 646
Management and franchise agreement intangibles    
Finite-Lived Intangible Assets [Line Items]    
Finite-lived intangible assets, net $ 822 835
Weighted- average useful lives in years 15 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 $ 22 $ 58
Weighted- average useful lives in years 5 years  
v3.22.1
INTANGIBLES, NET - Amortization Expense Table (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization expense $ 60 $ 7
v3.22.1
OTHER ASSETS (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Other Assets, Noncurrent [Abstract]    
Management and franchise agreement assets constituting payments to customers $ 587 $ 571
Marketable securities held to fund rabbi trusts 498 543
Marketable securities held to fund the loyalty program 419 439
Marketable securities held for captive insurance company 109 137
Common shares in Playa N.V 105 97
Long-term investments 66 65
Other 206 182
Total other assets $ 1,990 $ 2,034
v3.22.1
DEBT - Narrative (Details) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Debt Instrument    
Long-term debt, net of current maturities $ 3,815,000,000 $ 3,968,000,000
Revolving credit facility, outstanding balance 0 $ 0
2023 Floating Rate Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value 300,000,000  
2023 Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value $ 350,000,000  
Debt instrument, stated percent 3.375%  
2023 Fixed Rate Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value $ 700,000,000  
Debt instrument, stated percent 1.30%  
2024 Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value $ 750,000,000  
Debt instrument, stated percent 1.80%  
2025 Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value $ 450,000,000  
Debt instrument, stated percent 5.375%  
2026 Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value $ 400,000,000  
Debt instrument, stated percent 4.85%  
2028 Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value $ 400,000,000  
Debt instrument, stated percent 4.375%  
2030 Notes | Senior Notes    
Debt Instrument    
Long-term debt, face value $ 450,000,000  
Debt instrument, stated percent 5.75%  
Revolving Credit Facility    
Debt Instrument    
Revolving credit facility, remaining borrowing capacity $ 1,496,000,000  
v3.22.1
DEBT - Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Debt Instrument    
Finance lease obligations $ 7 $ 7
Unamortized discount and deferred financing fees 22 29
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations | Grand Hyatt San Antonio River Walk    
Debt Instrument    
Debt 164  
Unamortized discount 4  
Quoted prices in active markets for identical assets (Level One)    
Debt Instrument    
Debt 0 0
Significant other observable inputs (Level Two)    
Debt Instrument    
Debt 3,843 4,193
Significant unobservable inputs (Level Three)    
Debt Instrument    
Debt 41 37
Carrying value    
Debt Instrument    
Debt 3,836 4,000
Fair value    
Debt Instrument    
Debt $ 3,884 $ 4,230
v3.22.1
OTHER LONG-TERM LIABILITIES (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Other Liabilities [Abstract]    
Deferred compensation plans funded by rabbi trusts (Note 4) $ 498 $ 543
Income taxes payable 294 281
Deferred income taxes (Note 11) 96 93
Guarantee liabilities (Note 12) 84 92
Self-insurance liabilities (Note 12) 68 66
Other 61 64
Total other long-term liabilities $ 1,101 $ 1,139
v3.22.1
INCOME TAXES (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Tax Credit Carryforward [Line Items]      
Provision for income taxes $ 2 $ 186  
Estimated income tax liability based on taxing authority’s assessment 18    
Unrecognized tax benefits 213   $ 205
Amount of unrecognized tax benefits that would affect the tax rate if recognized 192   $ 186
Settlement with Taxing Authority      
Tax Credit Carryforward [Line Items]      
Estimated income tax liability based on taxing authority’s assessment 225    
Estimated income tax liability, interest $ 67    
v3.22.1
COMMITMENTS AND CONTINGENCIES - Commitments and Performance Guarantees Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Performance Guarantee    
Loss Contingencies    
Remaining maximum exposure $ 94  
Guarantor obligations, liability, current carrying value 49 $ 52
Performance Guarantee | Other long-term Liabilities    
Loss Contingencies    
Guarantor obligations, liability, current carrying value 40 41
Performance Guarantee | Accrued Expenses and Other Current Liabilities    
Loss Contingencies    
Guarantor obligations, liability, current carrying value 9 $ 11
Performance Test Clause Guarantee    
Loss Contingencies    
Guarantor obligations, liability, current carrying value 7  
Various Business Ventures    
Loss Contingencies    
Commitment to loan or investment $ 326  
v3.22.1
COMMITMENTS AND CONTINGENCIES - Schedule of Debt Guarantees (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Loss Contingencies    
Other long-term liabilities recorded $ 84 $ 92
Debt Repayment and Other Guarantees    
Loss Contingencies    
Maximum potential future payments 349  
Maximum exposure net of recoverability from third parties 256  
Other long-term liabilities recorded 44 51
Debt Repayment and Other Guarantees | Hotel Properties in India | Joint Venture    
Loss Contingencies    
Maximum exposure net of recoverability from third parties $ 97  
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 7 10
Debt Repayment and Other Guarantees | Non-US    
Loss Contingencies    
Maximum potential future payments 215  
Maximum exposure net of recoverability from third parties 205  
Other long-term liabilities recorded $ 37 $ 41
v3.22.1
COMMITMENTS AND CONTINGENCIES - Guarantee Liabilities Fair Value Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]    
Guarantees, fair value disclosure $ 84 $ 87
v3.22.1
COMMITMENTS AND CONTINGENCIES - Insurance, Collective Bargaining Agreements, Surety Bonds, and Letters of Credit, and Other Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Loss Contingencies    
Self insurance reserve, current $ 35 $ 34
Self-insurance reserve, noncurrent 68 $ 66
Surety bonds 48  
Estimated income tax liability based on taxing authority’s assessment 18  
Letter of Credit    
Loss Contingencies    
Letters of credit outstanding, amount 281  
Reducing capacity under revolving credit facility $ 4  
Various US    
Loss Contingencies    
Multiemployer plans, collective-bargaining arrangement, percentage of participants 22.00%  
v3.22.1
EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance, beginning of period $ 3,566 $ 3,214
Current period other comprehensive income (loss) before reclassification 13 (25)
Amount reclassified from accumulated other comprehensive loss 1 (20)
Balance, end of period 3,524 2,888
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 (206) (145)
Current period other comprehensive income (loss) before reclassification 21 (24)
Amount reclassified from accumulated other comprehensive loss 0 (22)
Balance, end of period (185) (191)
Unrealized losses on AFS debt securities    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance, beginning of period (1) 1
Current period other comprehensive income (loss) before reclassification (7) (1)
Amount reclassified from accumulated other comprehensive loss 0 0
Balance, end of period (8) 0
Unrecognized pension cost    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance, beginning of period (4) (7)
Current period other comprehensive income (loss) before reclassification (1) 0
Amount reclassified from accumulated other comprehensive loss (1) 0
Balance, end of period (6) (7)
Unrealized gains (losses) on derivative instruments    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance, beginning of period (34) (41)
Current period other comprehensive income (loss) before reclassification 0 0
Amount reclassified from accumulated other comprehensive loss 2 2
Balance, end of period (32) (39)
Accumulated other comprehensive loss    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Balance, beginning of period (245) (192)
Balance, end of period $ (231) $ (237)
v3.22.1
STOCK-BASED COMPENSATION - Compensation Expense Related to Long-Term Incentive Plan (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award    
Compensation expense $ 28 $ 28
SARs    
Share-based Compensation Arrangement by Share-based Payment Award    
Compensation expense 10 9
RSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Compensation expense 16 13
PSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Compensation expense $ 2 $ 6
v3.22.1
STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
SARs    
Share-based Compensation Arrangement by Share-based Payment Award    
Grants in period (in shares) 344,202 396,889
Grants in period, weighted-average fair value at grant date (in dollars per share) $ 37.71 $ 28.68
Total unearned compensation $ 4  
RSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Grants in period (in shares) 414,466 388,726
Grants in period, weighted-average fair value at grant date (in dollars per share) $ 95.00 $ 80.48
Total unearned compensation $ 48  
PSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Grants in period (in shares)   153,256
Grants in period, weighted-average fair value at grant date (in dollars per share)   $ 82.02
Total unearned compensation $ 13  
SARs ,RSUs and PSUs    
Share-based Compensation Arrangement by Share-based Payment Award    
Amortization period, deferred compensation expense 3 years  
v3.22.1
RELATED-PARTY TRANSACTIONS - Equity Method Investments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Minimum      
Related Party Transaction      
Equity method investment, ownership percentage 24.00%    
Maximum      
Related Party Transaction      
Equity method investment, ownership percentage 50.00%    
Equity Method Investee      
Related Party Transaction      
Due (to) from related parties $ 31   $ 29
Franchise or License Fees | Equity Method Investee      
Related Party Transaction      
Revenue from related parties 4 $ 1  
Related Parties Guarantees | Equity Method Investee      
Related Party Transaction      
Revenue from related parties $ 2 $ 1  
v3.22.1
RELATED-PARTY TRANSACTIONS - Share Conversion (Details) - $ / shares
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Common Class B      
Related Party Transaction      
Conversion of stock, shares converted (in shares) 635,522 800,169  
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
v3.22.1
SEGMENT INFORMATION - Summarized Consolidated Financial Information by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Segment Reporting Information    
Total revenues $ 1,279 $ 438
Adjusted EBITDA 169 (20)
Depreciation and amortization 119 74
Owned and leased hotels    
Segment Reporting Information    
Total revenues 271 104
Other revenues    
Segment Reporting Information    
Total revenues 77 19
Management, franchise, and other fees    
Segment Reporting Information    
Total revenues 154 63
Contra revenue    
Segment Reporting Information    
Total revenues (9) (8)
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties    
Segment Reporting Information    
Total revenues 540 260
Distribution and destination management    
Segment Reporting Information    
Total revenues 246 0
Operating Segments | Owned and leased hotels    
Segment Reporting Information    
Total revenues 277 107
Adjusted EBITDA 54 (29)
Depreciation and amortization 52 59
Operating Segments | Owned and leased hotels | Owned and leased hotels    
Segment Reporting Information    
Total revenues 277 107
Operating Segments | Owned and leased hotels | Other revenues    
Segment Reporting Information    
Total revenues 0 0
Operating Segments | Owned and leased hotels | Management, franchise, and other fees    
Segment Reporting Information    
Total revenues 0 0
Operating Segments | Owned and leased hotels | Contra revenue    
Segment Reporting Information    
Total revenues 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
Operating Segments | Owned and leased hotels | Distribution and destination management    
Segment Reporting Information    
Total revenues 0  
Operating Segments | Americas management and franchising    
Segment Reporting Information    
Total revenues 588 278
Adjusted EBITDA 85 28
Depreciation and amortization 5 5
Operating Segments | Americas management and franchising | Owned and leased hotels    
Segment Reporting Information    
Total revenues 0 0
Operating Segments | Americas management and franchising | Other revenues    
Segment Reporting Information    
Total revenues 38 17
Operating Segments | Americas management and franchising | Management, franchise, and other fees    
Segment Reporting Information    
Total revenues 95 38
Operating Segments | Americas management and franchising | Contra revenue    
Segment Reporting Information    
Total revenues (6) (4)
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 461 227
Operating Segments | Americas management and franchising | Distribution and destination management    
Segment Reporting Information    
Total revenues 0  
Operating Segments | ASPAC management and franchising    
Segment Reporting Information    
Total revenues 42 34
Adjusted EBITDA 5 5
Depreciation and amortization 0 1
Operating Segments | ASPAC management and franchising | Owned and leased hotels    
Segment Reporting Information    
Total revenues 0 0
Operating Segments | ASPAC management and franchising | Other revenues    
Segment Reporting Information    
Total revenues 0 0
Operating Segments | ASPAC management and franchising | Management, franchise, and other fees    
Segment Reporting Information    
Total revenues 14 15
Operating Segments | ASPAC management and franchising | Contra revenue    
Segment Reporting Information    
Total revenues (1) (1)
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 29 20
Operating Segments | ASPAC management and franchising | Distribution and destination management    
Segment Reporting Information    
Total revenues 0  
Operating Segments | EAME/SW Asia management and franchising    
Segment Reporting Information    
Total revenues 34 17
Adjusted EBITDA 6 0
Operating Segments | EAME/SW Asia management and franchising | Owned and leased hotels    
Segment Reporting Information    
Total revenues 0 0
Operating Segments | EAME/SW Asia management and franchising | Other revenues    
Segment Reporting Information    
Total revenues 0 0
Operating Segments | EAME/SW Asia management and franchising | Management, franchise, and other fees    
Segment Reporting Information    
Total revenues 15 7
Operating Segments | EAME/SW Asia management and franchising | Contra revenue    
Segment Reporting Information    
Total revenues (2) (3)
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 21 13
Operating Segments | EAME/SW Asia management and franchising | Distribution and destination management    
Segment Reporting Information    
Total revenues 0  
Operating Segments | Apple Leisure Group    
Segment Reporting Information    
Total revenues 339  
Adjusted EBITDA 56 0
Depreciation and amortization 55 0
Operating Segments | Apple Leisure Group | Owned and leased hotels    
Segment Reporting Information    
Total revenues 0  
Operating Segments | Apple Leisure Group | Other revenues    
Segment Reporting Information    
Total revenues 34 0
Operating Segments | Apple Leisure Group | Management, franchise, and other fees    
Segment Reporting Information    
Total revenues 30 0
Operating Segments | Apple Leisure Group | Contra revenue    
Segment Reporting Information    
Total revenues 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 29 0
Operating Segments | Apple Leisure Group | Distribution and destination management    
Segment Reporting Information    
Total revenues 246 0
Operating Segments | Corporate and other    
Segment Reporting Information    
Adjusted EBITDA (38) (24)
Depreciation and amortization 7 9
Operating Segments | Corporate and other | Revenues    
Segment Reporting Information    
Total revenues 14 8
Eliminations    
Segment Reporting Information    
Total revenues (15) (6)
Adjusted EBITDA 1 0
Eliminations | Owned and leased hotels    
Segment Reporting Information    
Total revenues (6) (3)
Eliminations | Other revenues    
Segment Reporting Information    
Total revenues 1 0
Eliminations | Management, franchise, and other fees    
Segment Reporting Information    
Total revenues (10) (3)
Eliminations | Contra revenue    
Segment Reporting Information    
Total revenues 0 0
Eliminations | Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties    
Segment Reporting Information    
Total revenues 0 0
Eliminations | Distribution and destination management    
Segment Reporting Information    
Total revenues 0  
Eliminations | Owned and leased hotels    
Segment Reporting Information    
Total revenues (6) (3)
Eliminations | Americas management and franchising    
Segment Reporting Information    
Total revenues (9) (3)
Eliminations | EAME/SW Asia management and franchising    
Segment Reporting Information    
Total revenues (1) 0
Eliminations | Corporate and other    
Segment Reporting Information    
Total revenues $ 1 $ 0
v3.22.1
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
Mar. 31, 2022
Mar. 31, 2021
Segment Reporting Information    
Net loss attributable to Hyatt Hotels Corporation $ (73) $ (304)
Interest expense 40 41
Provision for income taxes 2 186
Depreciation and amortization 119 74
EBITDA 88 (3)
Total revenues (1,279) (438)
Equity (earnings) losses from unconsolidated hospitality ventures 9 (54)
Stock-based compensation expense (Note 14) 28 28
Asset impairments 3 0
Other (income) loss, net 10 (12)
Pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA 6 (4)
Adjusted EBITDA 169 (20)
Contra revenue    
Segment Reporting Information    
Total revenues 9 8
Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties    
Segment Reporting Information    
Total revenues (540) (260)
Costs incurred on behalf of managed and franchised properties    
Segment Reporting Information    
Costs incurred on behalf of managed and franchised properties $ 556 $ 277
v3.22.1
LOSSES PER SHARE - Schedule of the Calculation of Basic and Diluted Losses Per Share (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Numerator:    
Net loss $ (73) $ (304)
Net loss attributable to noncontrolling interests 0 0
NET LOSS ATTRIBUTABLE TO HYATT HOTELS CORPORATION $ (73) $ (304)
Denominator:    
Basic weighted-average shares outstanding (in shares) 110,172,487 101,525,935
Share-based compensation (in shares) 0 0
Diluted weighted-average shares outstanding (in shares) 110,172,487 101,525,935
Basic Losses Per Share:    
Net loss (in dollars per share) $ (0.67) $ (2.99)
Net loss attributable to noncontrolling interests (in dollars per share) 0 0
Net loss attributable to Hyatt Hotels Corporation (in dollars per share) (0.67) (2.99)
Diluted Losses Per Share:    
Net loss (in dollars per share) (0.67) (2.99)
Net loss attributable to noncontrolling interests (in dollars per share) 0 0
Net loss attributable to Hyatt Hotels Corporation (in dollars per share) $ (0.67) $ (2.99)
v3.22.1
LOSSES PER SHARE - Anti-dilutive Shares Issued (Details) - shares
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
SARs    
Antidilutive Securities Excluded from Computation of Earnings Per Share    
Antidilutive securities excluded from computation of earnings per share (in shares) 1,655,500 1,342,600
RSUs    
Antidilutive Securities Excluded from Computation of Earnings Per Share    
Antidilutive securities excluded from computation of earnings per share (in shares) 679,000 658,100
v3.22.1
OTHER INCOME (LOSS), NET (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Other Income and Expenses [Abstract]    
Unrealized gains (losses), net (Note 4) $ (10) $ 8
Performance guarantee expense (Note 12) (7) (1)
Depreciation recovery 4 4
Interest income 6 6
Other, net (3) (5)
Other income (loss), net $ (10) $ 12