Overview Financials News + Filings Key Docs Charts Transactions Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Americas Management and Franchising | 258.0 | 1,328.0 | 2,781.0 | 2,179.0 | 1,993.0 | | 1,995.0 | 1,877.0 |
| Owned and Leased Hotels | | 525.0 | 1,883.0 | 1,918.0 | 2,184.0 | | 2,079.0 | 2,246.0 |
| ASPAC Management and Franchising | 68.0 | 134.0 | 247.0 | 220.0 | 190.0 | | 178.0 | 162.0 |
| EAME/SW Asia Management and Franchising | 31.0 | 68.0 | 152.0 | 143.0 | 122.0 | | 125.0 | 130.0 |
| Other | 2,671.0 | 11.0 | | | | | | |
| Total revenues [+] | 3,028.0 | 2,066.0 | 5,020.0 | 4,454.0 | 4,462.0 | 0.0 | 4,328.0 | 4,415.0 |
| Hotels | | | | | | | 2,079.0 | 2,246.0 |
| Other | | | | | | | 36.0 | 75.0 |
| Revenue growth [+] | 46.6% | -58.8% | 12.7% | -0.2% | | -100.0% | -2.0% | 5.5% |
| Americas Management and Franchising | -80.6% | -52.2% | 27.6% | 9.3% | | | 6.3% | 5.8% |
| Owned and Leased Hotels | | -72.1% | -1.8% | -12.2% | | | -7.4% | 4.9% |
| ASPAC Management and Franchising | -49.3% | -45.7% | 12.3% | 15.8% | | | 9.9% | 3.2% |
| EAME/SW Asia Management and Franchising | -54.4% | -55.3% | 6.3% | 17.2% | | | -3.8% | 11.1% |
| Corporate and other | 7.9% | -43.3% | -8.2% | -27.0% | | | -46.7% | -3.8% |
| Cost of goods sold [+] | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3,348.0 | 3,398.0 |
| Direct hotel costs | | | | | | | 1,562.0 | 1,691.0 |
| Managed and franchised hotel costs | | | | | | | 1,786.0 | 1,707.0 |
| Gross profit | 3,028.0 | 2,066.0 | 5,020.0 | 4,454.0 | 4,462.0 | 0.0 | 980.0 | 1,017.0 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | | 22.6% | 23.0% |
| Selling, general and administrative | 366.0 | 321.0 | 417.0 | 320.0 | 377.0 | 315.0 | 308.0 | 349.0 |
| Equity in earnings | 28.0 | -70.0 | -10.0 | 8.0 | 219.0 | 67.0 | -64.0 | 25.0 |
| Other operating expenses | 2,162.0 | 2,167.0 | 3,328.0 | 2,764.0 | 3,196.0 | -920.0 | 26.0 | -257.0 |
| EBITDA [+] | 528.0 | -492.0 | 1,265.0 | 1,378.0 | 1,108.0 | 672.0 | 582.0 | 950.0 |
| EBITDA growth | -207.3% | -138.9% | -8.2% | 24.4% | 64.9% | 15.5% | -38.7% | 37.3% |
| EBITDA margin | 17.4% | -23.8% | 25.2% | 30.9% | 24.8% | | 13.4% | 21.5% |
| Depreciation | 262.0 | 283.0 | 304.0 | 312.0 | 335.0 | 315.0 | 289.0 | 324.0 |
| EBITA | 266.0 | -775.0 | 961.0 | 1,066.0 | 773.0 | 357.0 | 293.0 | 626.0 |
| EBITA margin | 8.8% | -37.5% | 19.1% | 23.9% | 17.3% | | 6.8% | 14.2% |
| Amortization of intangibles | 48.0 | 27.0 | 25.0 | 15.0 | 13.0 | 11.0 | 31.0 | 30.0 |
| EBIT [+] | 218.0 | -802.0 | 936.0 | 1,051.0 | 760.0 | 346.0 | 262.0 | 596.0 |
| EBIT growth | -127.2% | -185.7% | -10.9% | 38.3% | 119.7% | 32.1% | -56.0% | 71.8% |
| EBIT margin | 7.2% | -38.8% | 18.6% | 23.6% | 17.0% | | 6.1% | 13.5% |
| Non-recurring items [+] | -8.0 | -62.0 | -18.0 | -25.0 | | | -5.0 | -17.0 |
| Asset impairment | -8.0 | -62.0 | -18.0 | -25.0 | | | -5.0 | -17.0 |
| Loss (gain) on disposal of assets | | | | | | | | 311.0 |
| Interest expense, net [+] | 135.0 | 98.0 | 50.0 | 48.0 | -30.0 | 48.0 | 60.0 | 60.0 |
| Interest expense | 163.0 | 128.0 | 75.0 | 76.0 | 80.0 | 76.0 | 68.0 | 71.0 |
| Interest income | 28.0 | 30.0 | 25.0 | 28.0 | 110.0 | 28.0 | 8.0 | 11.0 |
| Other income (expense), net [+] | -47.0 | -122.0 | 102.0 | -77.0 | -68.0 | -16.0 | -13.0 | -28.0 |
| Gain (loss) on sale of assets | 414.0 | -36.0 | 723.0 | 772.0 | 236.0 | -6.0 | 9.0 | 311.0 |
| Other | -19.0 | -92.0 | 127.0 | -49.0 | 42.0 | 12.0 | -5.0 | -17.0 |
| Pre-tax income | 44.0 | -960.0 | 1,006.0 | 951.0 | 722.0 | 282.0 | 194.0 | 525.0 |
| Income taxes | 266.0 | -257.0 | 240.0 | 182.0 | 332.0 | 76.0 | 70.0 | 179.0 |
| Tax rate | 604.5% | 26.8% | 23.9% | 19.1% | 46.0% | 27.0% | 36.1% | 34.1% |
| Minority interest | | | | | 1.0 | | | 2.0 |
| Net income | -222.0 | -703.0 | 766.0 | 769.0 | 389.0 | 206.0 | 124.0 | 344.0 |
| Net margin | -7.3% | -34.0% | 15.3% | 17.3% | 8.7% | | 2.9% | 7.8% |
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| Basic EPS [+] | ($2.14) | ($6.94) | $7.32 | $6.79 | $3.12 | $1.55 | $0.87 | $2.25 |
| Growth | -69.2% | -194.7% | 7.9% | 117.9% | 101.1% | 78.5% | -61.3% | 72.1% |
| Diluted EPS [+] | ($2.14) | ($6.94) | $7.21 | $6.68 | $3.08 | $1.54 | $0.86 | $2.23 |
| Growth | -69.2% | -196.3% | 7.9% | 117.0% | 100.2% | 78.6% | -61.4% | 71.4% |
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| Shares outstanding (basic) [+] | 104.0 | 101.3 | 104.6 | 113.3 | 124.8 | 132.9 | 142.8 | 153.1 |
| Growth | 2.6% | -3.1% | -7.7% | -9.3% | -6.1% | -6.9% | -6.7% | -3.4% |
| Shares outstanding (diluted) [+] | 104.0 | 101.3 | 106.3 | 115.1 | 126.3 | 133.9 | 144.0 | 154.4 |
| Growth | 2.6% | -4.7% | -7.7% | -8.9% | -5.7% | -7.0% | -6.7% | -3.0% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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