Playa Hotels & Resorts (PLYA) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-38012
Entity Registrant Name	Playa Hotels & Resorts N.V.
Entity Incorporation, State or Country Code	P7
Entity Tax Identification Number	98-1346104
Entity Address, Address Line One	Nieuwezijds Voorburgwal 104
Entity Address, Postal Zip Code	1012 SG
Entity Address, City or Town	Amsterdam,
Entity Address, Country	NL
Country Region	31
City Area Code	6
Local Phone Number	82 55 84 30
Title of 12(b) Security	Ordinary Shares, €0.10 par value
Trading Symbol	PLYA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		165,778,067
Entity Central Index Key	0001692412
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 299,802	$ 270,088
Restricted cash	24,363	23,489
Trade and other receivables, net	61,660	45,442
Accounts receivable from related parties	12,927	7,981
Inventories	18,801	18,076
Prepayments and other assets	38,912	38,640
Property and equipment, net	1,569,739	1,584,574
Goodwill, net	61,654	61,654
Other intangible assets	7,340	7,632
Total assets	2,095,198	2,057,576
LIABILITIES AND SHAREHOLDERS' EQUITY
Trade and other payables	160,474	160,222
Payables to related parties	7,312	5,050
Income tax payable	980	828
Debt	942,553	944,847
Related party debt	195,161	194,472
Derivative financial instruments	8,515	22,543
Other liabilities	30,136	29,882
Deferred tax liabilities	70,470	68,898
Total liabilities	1,415,601	1,426,742
Commitments and contingencies (see Note 7)
Shareholders' equity
Ordinary shares (par value €0.10; 500,000,000 shares authorized, 167,986,071 shares issued and 165,778,067 shares outstanding as of March 31, 2022 and 166,646,284 shares issued and 164,438,280 shares outstanding as of December 31, 2021)	18,670	18,518
Treasury shares (at cost, 2,208,004 shares as of March 31, 2022 and December 31, 2021)	(16,697)	(16,697)
Paid-in capital	1,180,584	1,177,380
Accumulated other comprehensive loss	(16,011)	(18,671)
Accumulated deficit	(486,949)	(529,696)
Total shareholders' equity	679,597	630,834
Total liabilities and shareholders' equity	$ 2,095,198	$ 2,057,576

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - € / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Ordinary shares, par value (in euros per share)	€ 0.10	€ 0.10
Ordinary shares, authorized (in shares)	500,000,000	500,000,000
Ordinary shares, issued (in shares)	167,986,071	166,646,284
Ordinary shares, outstanding (in shares)	165,778,067	164,438,280
Treasury shares, at cost (in shares)	2,208,004	2,208,004

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue
Total revenue	$ 219,574	$ 77,746
Direct and selling, general and administrative expenses
Direct	106,840	60,221
Selling, general and administrative	37,239	24,668
Depreciation and amortization	19,500	20,883
Reimbursed costs	1,952	513
Impairment loss	0	24,011
Loss on sale of assets	0	273
Direct and selling, general and administrative expenses	165,531	130,569
Operating income (loss)	54,043	(52,823)
Interest expense	(9,168)	(18,167)
Other expense	(514)	(706)
Net income (loss) before tax	44,361	(71,696)
Income tax (provision) benefit	(1,614)	1,951
Net income (loss)	$ 42,747	$ (69,745)
Earnings (loss) per share
Earnings (loss) per share - Basic (in dollars per share)	$ 0.26	$ (0.43)
Earnings (loss) per share - Diluted (in dollars per share)	$ 0.26	$ (0.43)
Weighted average number of shares outstanding during the period - Basic (in shares)	165,743,382	160,827,261
Weighted average number of shares outstanding during the period - Diluted (in shares)	166,888,129	160,827,261
Package
Revenue
Total revenue	$ 184,109	$ 63,894
Non-package
Revenue
Total revenue	32,456	12,995
Management fees
Revenue
Total revenue	1,057	344
Cost reimbursements
Revenue
Total revenue	$ 1,952	$ 513

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 42,747	$ (69,745)
Other comprehensive income, net of taxes
Gain on interest rate swaps	2,894	2,894
Pension obligation loss	(234)	(11)
Total other comprehensive income	2,660	2,883
Comprehensive income (loss)	$ 45,407	$ (66,862)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative effect of accounting changes, net of tax	Cumulative Effect, Period of Adoption, Adjusted Balance	Ordinary Shares	Ordinary SharesCumulative Effect, Period of Adoption, Adjusted Balance	Treasury Shares	Treasury SharesCumulative Effect, Period of Adoption, Adjusted Balance	Paid-In Capital	Paid-In CapitalCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive LossCumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Deficit	Accumulated DeficitCumulative effect of accounting changes, net of tax	Accumulated DeficitCumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2020				134,571,290	134,571,290	2,198,796	2,198,796
Beginning balance at Dec. 31, 2020	$ 560,822	$ (3,408)	$ 557,414	$ 14,871	$ 14,871	$ (16,642)	$ (16,642)	$ 1,030,148	$ 1,030,148	$ (30,949)	$ (30,949)	$ (436,606)	$ (3,408)	$ (440,014)
Shareholders' Equity
Net income (loss)	(69,745)											(69,745)
Other comprehensive income	2,883									2,883
Share-based compensation, net of tax withholdings (in shares)				708,285		9,208
Share-based compensation	3,124			$ 87		$ (55)		3,092
Equity issuance (in shares)				28,750,000
Equity issuance	137,716			$ 3,512				134,204
Ending balance (in shares) at Mar. 31, 2021				164,029,575		2,208,004
Ending balance at Mar. 31, 2021	631,392			$ 18,470		$ (16,697)		1,167,444		(28,066)		(509,759)
Beginning balance (in shares) at Dec. 31, 2021				164,438,280		2,208,004
Beginning balance at Dec. 31, 2021	630,834			$ 18,518		$ (16,697)		1,177,380		(18,671)		(529,696)
Shareholders' Equity
Net income (loss)	42,747											42,747
Other comprehensive income	2,660									2,660
Share-based compensation, net of tax withholdings (in shares)				1,339,787
Share-based compensation	3,356			$ 152				3,204
Ending balance (in shares) at Mar. 31, 2022				165,778,067		2,208,004
Ending balance at Mar. 31, 2022	$ 679,597			$ 18,670		$ (16,697)		$ 1,180,584		$ (16,011)		$ (486,949)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 42,747	$ (69,745)
Adjustments to reconcile net income (loss) to net cash from operating activities
Depreciation and amortization	19,500	20,883
Amortization of debt discount and issuance costs	1,019	1,011
Share-based compensation	3,356	3,179
Gain on derivative financial instruments	(11,134)	(2,635)
Impairment loss	0	24,011
Deferred income taxes	1,572	(2,034)
Loss on sale of assets	0	273
Amortization of key money	(238)	(234)
Recovery of doubtful accounts	(483)	(9)
Other	(69)	199
Changes in assets and liabilities:
Trade and other receivables, net	(15,735)	(1,350)
Accounts receivable from related parties	(4,946)	244
Inventories	(725)	(356)
Prepayments and other assets	(223)	4,636
Trade and other payables	281	(2,940)
Payables to related parties	2,262	(1,345)
Income tax payable	152	(190)
Other liabilities	312	(160)
Net cash provided by (used in) operating activities	37,648	(26,562)
INVESTING ACTIVITIES
Capital expenditures	(4,430)	(4,561)
Purchase of intangibles	(30)	(29)
Proceeds from the sale of assets, net	24	34,212
Net cash (used in) provided by investing activities	(4,436)	29,622
FINANCING ACTIVITIES
Proceeds from ordinary shares, net of issuance costs	0	137,716
Repayments of debt	(2,525)	(2,525)
Repayments of borrowings on revolving credit facility	0	(84,667)
Repurchase of ordinary shares for tax withholdings	0	(55)
Principal payments on finance lease obligations	(99)	(23)
Net cash (used in) provided by financing activities	(2,624)	50,446
INCREASE IN CASH AND CASH EQUIVALENTS	30,588	53,506
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF THE PERIOD	293,577	172,860
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF THE PERIOD	324,165	226,366
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents	299,802	200,427
Restricted cash	24,363	25,939
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH	324,165	226,366
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	18,221	18,798
Cash paid for income taxes, net	32	197
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Capital expenditures incurred but not yet paid	696	720
Intangible assets capitalized but not yet paid	45	59
Par value of vested restricted share awards	$ 152	$ 87

Organization, operations and ba

Organization, operations and basis of presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, operations and basis of presentation	Organization, operations and basis of presentation Background Playa Hotels & Resorts N.V. (“Playa” or the “Company”) is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations. We own and/or manage a portfolio of 22 resorts located in Mexico, the Dominican Republic and Jamaica. Unless otherwise indicated or the context requires otherwise, references in our condensed consolidated financial statements (our “Condensed Consolidated Financial Statements”) to “we,” “our,” “us” and similar expressions refer to Playa and its subsidiaries. Basis of preparation, presentation and measurement Our Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited interim Condensed Consolidated Financial Statements should be read in conjunction with our Consolidated Financial Statements as of and for the year ended December 31, 2021, included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 (the “Annual Report”). In our opinion, the unaudited interim Condensed Consolidated Financial Statements have been prepared on the same basis as the annual Consolidated Financial Statements and include all adjustments, consisting of only normal recurring adjustments, necessary for fair presentation.

Significant accounting policies

Significant accounting policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Significant accounting policies	Significant accounting policies Standards adopted Standard Description Date of Adoption Effect on the Financial Statements or Other Significant Matters Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope The amendments in this update provide optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. January 2022 The adoption of ASU No. 2020-04 and ASU 2021-01 had no impact on our Condensed Consolidated Financial Statements for the three months ended March 31, 2022, as we have not modified our variable rate debt that is priced using a spread over one-month London Interbank Offered Rate (“LIBOR”). Additionally, our interest rate swaps mature on March 31, 2023, prior to the anticipated discontinuation of the one-month LIBOR rate on June 30, 2023. We do not expect to modify our interest rate swap contracts prior to their maturity date.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following tables present our revenues disaggregated by geographic segment (refer to discussion of our reportable segments in Note 15) ( $ in thousands) : Three Months Ended March 31, 2022 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 60,566 $ 25,929 $ 59,696 $ 37,918 $ — $ 184,109 Non-package revenue 9,812 3,915 10,013 8,208 508 32,456 Management fees 30 — — — 1,027 1,057 Cost reimbursements — — — 998 954 1,952 Total revenue $ 70,408 $ 29,844 $ 69,709 $ 47,124 $ 2,489 $ 219,574 Three Months Ended March 31, 2021 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 28,870 $ 7,552 $ 17,463 $ 10,009 $ — $ 63,894 Non-package revenue 5,808 1,362 3,432 2,268 125 12,995 Management fees — — — — 344 344 Cost reimbursements — — — 377 136 513 Total revenue $ 34,678 $ 8,914 $ 20,895 $ 12,654 $ 605 $ 77,746 Contract assets and liabilities We do not have any material contract assets as of March 31, 2022 and December 31, 2021 other than trade and other receivables on our Condensed Consolidated Balance Sheet. Our receivables are primarily the result of contracts with customers, which are reduced by an allowance for doubtful accounts that reflects our estimate of amounts that will not be collected.

Property and equipment

Property and equipment	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and equipment	Property and equipment The balance of property and equipment, net is as follows ($ in thousands ): As of March 31, As of December 31, 2022 2021 Property and equipment, gross Land, buildings and improvements $ 1,760,827 $ 1,759,837 Fixtures and machinery (1) 84,480 84,264 Furniture and other fixed assets 206,766 205,141 Construction in progress 4,646 3,781 Total property and equipment, gross 2,056,719 2,053,023 Accumulated depreciation (486,980) (468,449) Total property and equipment, net $ 1,569,739 $ 1,584,574 ________ (1) Includes the gross balance of our financing lease right-of-use assets, which was $6.3 million as of March 31, 2022 and December 31, 2021 (see Note 11). Depreciation expense for property and equipment was $19.1 million and $20.5 million for the three months ended March 31, 2022 and 2021, respectively. Sale of Capri Resort On March 31, 2021, we entered into an agreement to sell our equity interest in the Capri Resort, which was reported within our Yucatán Peninsula reportable segment, for $55.0 million in cash consideration. Upon entering into the agreement, we classified the resort and related deferred tax liabilities as held for sale and recorded an impairment loss of $24.0 million for the three months ended March 31, 2021. Sale of Dreams Puerto Aventuras On February 5, 2021, we completed the sale of the Dreams Puerto Aventuras. Upon closing, we received total cash consideration of $34.3 million, after customary closing costs. Lessor contracts We rent certain real estate to third parties for office and retail space within our resorts. Our lessor contracts are considered operating leases and generally have a contractual term of one three ($ in thousands) : Three Months Ended March 31, Leases 2022 2021 Operating lease income (1) $ 1,226 $ 606 ________ (1) Our operating lease income, which is recorded within non-package revenue in the Condensed Consolidated Statements of Operations, includes variable lease revenue which is typically calculated as a percentage of our tenant's net sales.

Income taxes

Income taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income taxes	Income taxes We file tax returns for our entities in key jurisdictions including Mexico, Dominican Republic, Jamaica, the United States, and the Netherlands. We are domiciled in the Netherlands and our Dutch subsidiaries are subject to a Dutch general tax rate of 25.8%. Our other operating subsidiaries are subject to tax rates up to 30% in the jurisdictions in which they are domiciled. We recognized an income tax provision of $1.6 million for the three months ended March 31, 2022, compared to an income tax benefit of $2.0 million for the three months ended March 31, 2021. All of our outstanding Advanced Pricing Agreements (“APAs”) for our Dominican Republic entities expired as of December 31, 2021. We are currently in the process of renegotiating the terms of our APAs and expect that the terms will be finalized before the end of 2022. This is reflected in our estimated annual effective tax rate calculation. We had no uncertain tax positions or unrecognized tax benefits as of March 31, 2022. We expect no significant changes in unrecognized tax benefits over the next twelve months.

Related party transactions

Related party transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related party transactions	Related party transactions Relationship with Hyatt and AMResorts Hyatt Hotels Corporation (“Hyatt”) is considered a related party due to its ownership of our ordinary shares by its affiliated entities. Hyatt also had representation on our Board of Directors until August 18, 2021. We pay Hyatt fees associated with the franchise agreements of our resorts operating under the all-ages Hyatt Ziva and adults-only Hyatt Zilara brands and receive reimbursements for guests that pay for their stay using the World of Hyatt ® guest loyalty program. In November 2021, Hyatt completed its acquisition of Apple Leisure Group (“ALG”), which owns the brand management platform AMResorts in addition to various tour operators and travel agencies. We pay AMResorts and its affiliates, as operators of two of our resorts, management and marketing fees, and sell all-inclusive packages through ALG’s tour operators and travel agencies. Relationship with Sagicor Sagicor Financial Corporation Limited and its affiliated entities (collectively “Sagicor”) is considered a related party due to its ownership of our ordinary shares and representation on our Board of Directors. We pay Sagicor for employee insurance coverage at one of our Jamaica properties. Sagicor is also a part owner of the Jewel Grande Montego Bay Resort & Spa and compensates us as manager of the property. Relationship with Davidson Kempner Capital Management L.P. Davidson Kempner Capital Management L.P. (“DKCM”) is the investment manager of multiple affiliated funds and is considered a related party due to the DKCM funds’ ownership of our ordinary shares acquired in the public offering of our ordinary shares in January 2021. The affiliated funds managed by DKCM are also the lenders to our Property Loan and Additional Credit Facility, which consists of our Term A1, Term A2 and Term A3 loans (see Note 11). We pay DKCM periodic interest payments related to the outstanding debt. Lease with our Chief Executive Officer One of our offices is owned by our Chief Executive Officer and we sublease the space at that location from a third party. Transactions with related parties Transactions between us and related parties during the three months ended March 31, 2022 and 2021 were as follows ( $ in thousands ): Three Months Ended March 31, Related Party Transaction 2022 2021 Revenues ALG Package revenue $ 5,874 $ — Sagicor Cost reimbursements (1) $ 1,103 $ 430 Expenses Hyatt Franchise fees (2) $ 7,413 $ 3,516 Sagicor Insurance premiums (2) $ 279 $ 155 Chief Executive Officer Lease expense (3) $ 188 $ 228 DKCM Interest expense (4) $ 5,405 $ 5,404 AMResorts Management fees (2) $ 1,112 $ — AMResorts Marketing fees (3) $ 1,083 $ — ________ (1) Equivalent amount included as reimbursed costs in the Condensed Consolidated Statements of Operations. (2) Included in direct expense in the Condensed Consolidated Statements of Operations with the exception of certain immaterial fees associated with the Hyatt franchise agreements, which are included in selling, general, and administrative expense. (3) Included in selling, general, and administrative expense in the Condensed Consolidated Statements of Operations. (4) Includes interest expense and amortization of deferred financing costs and discounts.

Commitments and contingencies

Commitments and contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies We are involved in various claims and lawsuits arising in the normal course of business, including proceedings involving tort and other general liability claims, and workers’ compensation and other employee claims. Most occurrences involving liability and claims of negligence are covered by insurance with solvent insurance carriers. We recognize a liability when we believe the loss is probable and reasonably estimable. We currently believe that the ultimate outcome of such lawsuits and proceedings will not, individually or in the aggregate, have a material effect on our Condensed Consolidated Financial Statements. The Dutch corporate income tax act provides the option of a fiscal unity, which is a consolidated tax regime wherein the profits and losses of group companies can be offset against each other. With the exception of Playa Dominican Resort B.V., Playa Romana B.V., Playa Romana Mar B.V. and Playa Hotels & Resorts N.V., our Dutch companies file as a fiscal unity. Playa Resorts Holding B.V. is the head of our Dutch fiscal unity and is jointly and severally liable for the tax liabilities of the fiscal unity as a whole.

Ordinary shares

Ordinary shares	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Ordinary shares	Ordinary sharesAs of March 31, 2022, our ordinary share capital consisted of 165,778,067 ordinary shares outstanding, which have a par value of €0.10 per share. In addition, 3,926,401 restricted shares and performance share awards and 27,245 restricted share units were outstanding under the 2017 Plan (as defined in Note 9). The holders of restricted shares and performance share awards are entitled to vote, but not dispose of, such shares until they vest. The holders of restricted share units are neither entitled to vote nor dispose of such shares until they vest.

Share-based compensation

Share-based compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Share-based compensation	Share-based compensation We adopted our 2017 Omnibus Incentive Plan (the “2017 Plan”) to attract and retain independent directors, executive officers and other key employees and service providers. As of March 31, 2022, there were 3,498,568 shares available for future grants under the 2017 Plan. Restricted share awards consist of restricted shares and restricted share units that are granted to eligible employees, executives, and board members and consist of ordinary shares (or the right to receive ordinary shares). A summary of our restricted share awards from January 1, 2022 to March 31, 2022 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2022 3,006,791 $ 6.50 Granted 1,034,850 8.20 Vested (1,323,366) 6.31 Forfeited (93,752) 7.73 Unvested balance at March 31, 2022 2,624,523 $ 7.22 Performance share awards consist of ordinary shares that may become earned and vested at the end of a three-year performance period based on the achievement of performance targets adopted by our Compensation Committee. Our performance shares have market conditions where 50% of the performance share awards will vest based on the total shareholder return (“TSR”) of our ordinary shares relative to those of our peer group and 50% will vest based on the compound annual growth rate of the price of our ordinary shares. The peer shareholder return component may vest between 0% and 150% of target, with the award capped at 100% of target should Playa's TSR be negative. The growth rate component may vest up to 100% of target. The table below summarizes the key inputs used in the Monte-Carlo simulation to determine the grant date fair value of our performance share awards ($ in thousands) : Performance Award Grant Date Percentage of Total Award Grant Date Fair Value by Component Volatility (1) Interest Rate (2) Dividend Yield January 4, 2022 Peer Shareholder Return 50 % $ 1,689 67.79 % 1.01 % — % Growth Rate 50 % $ 1,346 67.79 % 1.01 % — % ________ (1) Expected volatility was determined based on the historical share prices of the Company. (2) The risk-free rate was based on U.S. Treasury zero coupon issues with a remaining term equal to the remaining term of the measurement period. A summary of our performance share awards from January 1, 2022 to March 31, 2022 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2022 1,027,519 $ 5.18 Granted 374,998 8.10 Vested (16,421) 4.34 Forfeited (56,973) 4.34 Unvested balance at March 31, 2022 1,329,123 $ 6.05

Earnings per share

Earnings per share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per share	Earnings per share Basic and diluted earnings or loss per share (“EPS”) are as follows ( $ in thousands, except share data ): Three Months Ended March 31, 2022 2021 Numerator Net income (loss) $ 42,747 $ (69,745) Denominator Denominator for basic EPS - weighted-average number of shares outstanding 165,743,382 160,827,261 Effect of dilutive securities Unvested performance share awards 401,903 — Unvested restricted share awards 742,844 — Denominator for diluted EPS - adjusted weighted-average number of shares outstanding 166,888,129 160,827,261 EPS - Basic $ 0.26 $ (0.43) EPS - Diluted $ 0.26 $ (0.43) For the three months ended March 31, 2022 and 2021, unvested performance share awards in the amounts of 187,500 and 1,027,519 shares, respectively, were not included in the computation of diluted EPS as their effect would have been anti-dilutive. The performance targets of our unvested performance share awards were partially achieved as of March 31, 2022 and 2021. We had no anti-dilutive unvested restricted share awards for the three months ended March 31, 2022. For the three months ended March 31, 2021, unvested restricted share awards of 3,432,944 were not included in the computation of diluted EPS as their effect would have been anti-dilutive. For the three months ended March 31, 2021, outstanding earnout warrants to acquire a total of 2,987,770 ordinary shares were not included in the computation of diluted EPS after assumed conversions because the warrants were not exercisable during the reporting period. On March 12, 2022, all of our outstanding warrants expired and had no impact on diluted EPS for the three months ended March 31, 2022.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Our debt consists of the following ($ in thousands) : Outstanding Balance as of Interest Rate Maturity Date March 31, 2022 December 31, 2021 Senior Secured Credit Facilities Revolving Credit Facility (1) LIBOR + 3.00% LIBOR + 4.00% April 27, 2022 ($17.0 million) January 27, 2024 ($68.0 million) $ — $ — Term Loan (2) LIBOR + 2.75% April 27, 2024 939,343 941,868 Term A1 Loan 11.4777% April 27, 2024 35,000 35,000 Term A2 Loan 11.4777% April 27, 2024 31,000 31,000 Term A3 Loan (3) LIBOR + 3.00% April 27, 2024 27,319 27,319 Total Senior Secured Credit Facilities (at stated value) 1,032,662 1,035,187 Unamortized discount (1,029) (1,153) Unamortized debt issuance costs (3,761) (4,207) Total Senior Secured Credit Facilities, net $ 1,027,872 $ 1,029,827 Property Loan Property Loan (at stated value) 9.25% July 1, 2025 $ 110,000 $ 110,000 Unamortized discount (2,894) (3,107) Unamortized debt issuance costs (3,223) (3,459) Total Property Loan, net $ 103,883 $ 103,434 Financing lease obligations $ 5,959 $ 6,058 Total debt, net $ 1,137,714 $ 1,139,319 ________ (1) Undrawn balances bear interest between 0.25% to 0.5% depending on certain leverage ratios. We had an available balance of $85.0 million as of March 31, 2022 and December 31, 2021. (2) One-month LIBOR is subject to a 1.0% floor. The effective interest rate was 3.75% as of both March 31, 2022 and December 31, 2021. Our two interest rate swaps fix LIBOR at 2.85% on $800.0 million of our Term Loan (see Note 12). (3) One-month LIBOR is subject to a 1.0% floor. The effective interest rate was 4.00% as of both March 31, 2022 and December 31, 2021. Financial maintenance covenants We were in compliance with all applicable covenants as of March 31, 2022. A summary of our applicable covenants and restrictions is as follows: Debt Covenant Terms Senior Secured Credit Facility We maintained the minimum liquidity balance of $70.0 million through March 31, 2022. Subsequent to March 31, 2022, we will be subject to the following total net leverage ratio requirements if we have more than 35% drawn on the Revolving Credit Facility: ▪ 6.50x for the period ended March 31, 2022; ▪ 6.00x for the period ended June 30, 2022; and ▪ 4.75x for periods thereafter. Term A1 Loan Same terms as the Senior Secured Credit Facility Term A2 Loan No applicable debt covenants. Term A3 Loan No applicable debt covenants. Property Loan No applicable debt covenants other than the requirement to maintain a cash reserve until the Properties achieve a debt service coverage ratio of 1.50x for two consecutive quarters.

Derivative financial instrument

Derivative financial instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative financial instruments	Derivative financial instruments Our two interest rate swaps mitigate the interest rate risk inherent to our floating rate debt, including the Revolving Credit Facility and Term Loan. The interest rate swaps are not for trading purposes and have fixed notional values of $200.0 million and $600.0 million. The fixed rate paid by us is 2.85% and the variable rate received resets monthly to the one-month LIBOR rate, which results in us fixing LIBOR at 2.85% on $800.0 million of our Term Loan. The interest rate swaps mature on March 31, 2023. Our interest rate swaps are designated as cash flow hedges, but were deemed ineffective due to the decrease in interest rates. All changes in fair value are recognized through interest expense in the Condensed Consolidated Statements of Operations. The following tables present the effect of our interest rate swaps, net of tax, in the Condensed Consolidated Statements of Comprehensive Income (Loss) and Condensed Consolidated Statements of Operations for the three months ended March 31, 2022 and 2021 ($ in thousands) : 2022 2021 AOCI from our cash flow hedges as of January 1 $ 14,632 $ 26,369 Change in fair value — — Reclassification from AOCI to interest expense (2,894) (2,894) OCI related to our cash flow hedges for the three months ended March 31 (2,894) (2,894) AOCI from our cash flow hedges as of March 31 (1) $ 11,738 $ 23,475 ________ (1) As of March 31, 2022, the total amount expected to be reclassified from AOCI to interest expense during the next twelve months is $11.7 million, which represents prior losses recognized in AOCI when our interest rate swaps were deemed effective hedges. Derivative Liabilities for Ineffective Hedges Financial Statement Classification Three Months Ended March 31, 2022 2021 Interest rate swaps (1) Interest expense $ (5,715) $ 2,811 ________ (1) Includes the change in fair value of our interest rate swaps and the cash interest paid for the monthly settlements of the derivative. The following tables present the effect of our interest rate swaps in the Condensed Consolidated Balance Sheet as of March 31, 2022 and December 31, 2021 ($ in thousands) : Derivative Liabilities for Ineffective Hedges Financial Statement Classification As of March 31, As of December 31, 2022 2021 Interest rate swaps Derivative financial instruments $ 8,515 $ 22,543

Fair value of financial instrum

Fair value of financial instruments	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair value of financial instruments	Fair value of financial instruments The objective of a fair value measurement is to estimate the price at which an orderly transaction to sell the asset or to transfer the liability would take place between market participants at the measurement date under current market conditions. U.S. GAAP establishes a hierarchical disclosure framework, which prioritizes and ranks the level of observability of inputs used in measuring fair value as follows: • Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2: Unadjusted quoted prices for similar assets or liabilities in active markets, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. • Level 3: Inputs are unobservable and reflect our judgments about assumptions that market participants would use in pricing an asset or liability. We believe the carrying value of our financial instruments, excluding our debt, approximate their fair values as of March 31, 2022 and December 31, 2021. We did not have any Level 3 instruments during any of the periods presented in our Condensed Consolidated Financial Statements . The following tables present our fair value hierarchy for our financial liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 ($ in thousands) : March 31, 2022 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis Interest rate swap $ 8,515 $ — $ 8,515 $ — December 31, 2021 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis Interest rate swap $ 22,543 $ — $ 22,543 $ — The following tables present our fair value hierarchy for our financial liabilities not measured at fair value as of March 31, 2022 and December 31, 2021 ($ in thousands) : Carrying Value Fair Value As of March 31, 2022 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value Term Loan $ 936,593 $ — $ — $ 923,069 Term A1 Loan 34,240 — — 35,524 Term A2 Loan 30,327 — — 31,465 Term A3 Loan 26,712 — — 27,008 Property Loan 103,883 — — 112,226 Total liabilities $ 1,131,755 $ — $ — $ 1,129,292 Carrying Value Fair Value As of December 31, 2021 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value Term Loan $ 938,788 $ — $ — $ 924,917 Term A1 Loan 34,151 — — 35,598 Term A2 Loan 30,248 — — 31,530 Term A3 Loan 26,640 — — 27,006 Property Loan 103,434 — — 111,593 Total liabilities $ 1,133,261 $ — $ — $ 1,130,644 The following table summarizes the valuation techniques used to estimate the fair value of our financial instruments measured at fair value on a recurring basis and our financial instruments not measured at fair value: Valuation Technique Financial instruments recorded at fair value Interest rate swaps The fair value of the interest rate swaps is estimated based on the expected future cash flows by incorporating the notional amount of the swaps, the contractual period to maturity, and observable market-based inputs, including interest rate curves. The fair value also incorporates credit valuation adjustments to appropriately reflect nonperformance risk. The fair value of our interest rate swaps is largely dependent on forecasted LIBOR as of the measurement date. If, in subsequent periods, forecasted LIBOR exceeds 2.85% we will recognize a gain and future cash inflows. Conversely, if forecasted LIBOR falls below 2.85% in subsequent periods we will recognize a loss and future cash outflows. Financial instruments not recorded at fair value Term Loans and Property Loan The fair value of our Term Loans and Property Loan are estimated using cash flow projections over the remaining contractual period by applying market forward rates and discounting back at the appropriate discount rate. Revolving Credit Facility The valuation technique of our Revolving Credit Facility is consistent with our Term Loans. The fair value of the Revolving Credit Facility generally approximates its carrying value as the expected term is significantly shorter in duration.

Other balance sheet items

Other balance sheet items	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other balance sheet items	Other balance sheet items Trade and other receivables, net The following summarizes the balances of trade and other receivables, net as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Gross trade and other receivables (1) $ 63,026 $ 47,382 Allowance for doubtful accounts (1,366) (1,940) Total trade and other receivables, net $ 61,660 $ 45,442 ________ (1) The opening balance as of January 1, 2021 was $28.3 million. We have not experienced any significant write-offs to our accounts receivable during the three months ended March 31, 2022 and 2021. Prepayments and other assets The following summarizes the balances of prepayments and other assets as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Advances to suppliers $ 7,895 $ 8,327 Prepaid income taxes 11,550 11,101 Prepaid other taxes (1) 8,344 7,995 Operating lease right-of-use assets 3,569 3,766 Key money (2) 2,349 2,376 Other assets 5,205 5,075 Total prepayments and other assets $ 38,912 $ 38,640 ________ (1) Includes recoverable value-added tax, general consumption tax, and other sales tax accumulated by our Mexico, Jamaica, Dutch and Dominican Republic entities. (2) Represents a cash deposit related to the Sanctuary Cap Cana management contract. In April 2021, we entered into an agreement to classify this deposit as key money. Goodwill We recognized no goodwill impairment losses on our reporting units nor any additions to goodwill during the three months ended March 31, 2022. The gross carrying values and accumulated impairment losses of goodwill by reportable segment (refer to discussion of our reportable segments in Note 15) as of March 31, 2022 and December 31, 2021 are as follows ($ in thousands) : Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Total Gross carrying value $ 51,731 $ — $ — $ 35,879 $ 87,610 Accumulated impairment losses (6,168) — — (19,788) (25,956) Net carrying value $ 45,563 $ — $ — $ 16,091 $ 61,654 Other intangible assets Other intangible assets as of March 31, 2022 and December 31, 2021 consisted of the following ( $ in thousands ): As of March 31, As of December 31, 2022 2021 Gross carrying value Casino and other licenses (1) $ 875 $ 875 Management contract 1,900 1,900 Enterprise resource planning system (2) 6,452 6,402 Other 4,099 4,073 Total gross carrying value 13,326 13,250 Accumulated amortization Management contract (356) (333) Enterprise resource planning system (2) (2,113) (1,895) Other (3,517) (3,390) Total accumulated amortization (5,986) (5,618) Net carrying value Casino and other licenses (1) 875 875 Management contract 1,544 1,567 Enterprise resource planning system (2) 4,339 4,507 Other 582 683 Total net carrying value $ 7,340 $ 7,632 ________ (1) Our casino and other licenses have indefinite lives. Accordingly, there is no associated amortization expense or accumulated amortization. (2) Represents software development costs incurred to develop and implement SAP as our integrated enterprise resource planning system, of which $0.9 million was placed into service in 2021 and is being amortized over a weighted-average amortization period of 7 years. Amortization expense for intangible assets was $0.4 million and $0.3 million for the three months ended March 31, 2022 and 2021, respectively. Trade and other payables The following summarizes the balances of trade and other payables as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Trade payables $ 24,294 $ 23,843 Advance deposits (1) 61,188 62,644 Withholding and other taxes payable 35,142 32,655 Interest payable 99 99 Payroll and related accruals 20,306 23,998 Accrued expenses and other payables 19,445 16,983 Total trade and other payables $ 160,474 $ 160,222 ________ (1) The opening balance as of January 1, 2021 was $29.7 million. Other liabilities The following summarizes the balances of other liabilities as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Pension obligation (1)(2) $ 6,735 $ 5,990 Operating lease liabilities 4,096 4,298 Unfavorable ground lease liability 1,939 1,967 Key money (3) 16,466 16,731 Other 900 896 Total other liabilities $ 30,136 $ 29,882 ________ (1) For the three months ended March 31, 2022 and 2021, the service cost component of net periodic pension cost was $0.2 million and $0.2 million, respectively. The costs are recorded within direct expense in the Condensed Consolidated Statements of Operations. (2) For the three months ended March 31, 2022 and 2021, the non-service cost components of net periodic pension cost were $0.4 million and $0.1 million, respectively. The costs are recorded within other expense in the Condensed Consolidated Statements of Operations. (3) Represents the unamortized balance of key money received, which is amortized as a reduction to franchise fees within direct expenses in the Condensed Consolidated Statements of Operations.

Business segments

Business segments	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Business segments	Business segments We consider each one of our owned resorts to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual resorts. Our operating segments meet the aggregation criteria and thus, we present four separate reportable segments by geography: (i) Yucatán Peninsula, (ii) Pacific Coast, (iii) Dominican Republic and (iv) Jamaica. For the three months ended March 31, 2022 and 2021, we have excluded the immaterial amounts of management fees, cost reimbursements and other from our segment reporting. Our operating segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by our Chief Executive Officer, Chief Financial Officer and Chief Operating Officer, all of whom represent our chief operating decision maker (“CODM”). Financial information for each reportable segment is reviewed by the CODM to assess performance and make decisions regarding the allocation of resources. The performance of our business is evaluated primarily on adjusted earnings before interest expense, income tax (provision) benefit, and depreciation and amortization expense (“Adjusted EBITDA”), which should not be considered an alternative to net income (loss) or other measures of financial performance or liquidity derived in accordance with U.S. GAAP. The performance of our segments is evaluated on Adjusted EBITDA before corporate expenses and management fee income (“Owned Resort EBITDA”). We define Adjusted EBITDA as net income (loss), determined in accordance with U.S. GAAP, for the periods presented, before interest expense, income tax (provision) benefit, and depreciation and amortization expense, further adjusted to exclude the following items: (a) impairment loss; (b) loss on sale of assets; (c) other expense; (d) share-based compensation; (e) other tax expense; (f) transaction expenses; and (g) severance expenses. There are limitations to using financial measures such as Adjusted EBITDA and Owned Resort EBITDA. For example, other companies in our industry may define Adjusted EBITDA differently than we do. As a result, it may be difficult to use Adjusted EBITDA or similarly named financial measures that other companies publish to compare the performance of those companies to our performance. Because of these limitations, Adjusted EBITDA should not be considered as a measure of the income or loss generated by our business or discretionary cash available for investment in our business and investors should carefully consider our U.S. GAAP results presented in our Condensed Consolidated Financial Statements. The following table presents segment owned net revenue and a reconciliation to total revenue for the three months ended March 31, 2022 and 2021 ( $ in thousands ): Three Months Ended March 31, 2022 2021 Owned net revenue Yucatán Peninsula $ 68,629 $ 33,603 Pacific Coast 29,104 8,621 Dominican Republic 69,664 20,881 Jamaica 44,264 11,722 Segment owned net revenue (1) 211,661 74,827 Other 507 125 Management fees 1,057 344 Cost reimbursements 1,952 513 Compulsory tips 4,397 1,937 Total revenue $ 219,574 $ 77,746 ________ (1) Segment owned net revenue represents total revenue less compulsory tips paid to employees, cost reimbursements, management fees and other miscellaneous revenue not derived from segment operations. The following table presents segment Owned Resort EBITDA, Adjusted EBITDA and a reconciliation to net income (loss) for the three months ended March 31, 2022 and 2021 ( $ in thousands ): Three Months Ended March 31, 2022 2021 Owned Resort EBITDA Yucatán Peninsula $ 29,458 $ 7,174 Pacific Coast 12,544 485 Dominican Republic 28,377 1,666 Jamaica 17,158 (2,780) Segment Owned Resort EBITDA 87,537 6,545 Other corporate (11,651) (9,394) Management fees 1,057 344 Adjusted EBITDA 76,943 (2,505) Interest expense (9,168) (18,167) Depreciation and amortization (19,500) (20,883) Impairment loss — (24,011) Loss on sale of assets — (273) Other expense (514) (706) Share-based compensation (3,356) (3,179) Other tax expense (240) (163) Transaction expenses (191) (579) Severance expense — (1,287) Non-service cost components of net periodic pension cost (1) 387 57 Net income (loss) before tax 44,361 (71,696) Income tax (provision) benefit (1,614) 1,951 Net income (loss) $ 42,747 $ (69,745) ________ (1) Represents the non-service cost components of net periodic pension cost or benefit recorded within other expense in the Condensed Consolidated Statements of Operations. We include these costs in calculating Adjusted EBITDA as they are considered part of our ongoing resort operations. The following table presents segment property and equipment, gross and a reconciliation to total property and equipment, net as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Segment property and equipment, gross Yucatán Peninsula $ 668,667 $ 667,618 Pacific Coast 289,243 288,309 Dominican Republic 684,948 684,187 Jamaica 409,009 408,107 Total segment property and equipment, gross 2,051,867 2,048,221 Corporate property and equipment, gross 4,852 4,802 Accumulated depreciation (486,980) (468,449) Total property and equipment, net $ 1,569,739 $ 1,584,574 The following table presents segment capital expenditures and a reconciliation to total capital expenditures for the three months ended March 31, 2022 and 2021 ( $ in thousands ): Three Months Ended March 31, 2022 2021 Segment capital expenditures Yucatán Peninsula $ 1,265 $ 681 Pacific Coast 1,152 141 Dominican Republic 946 645 Jamaica 985 1,027 Total segment capital expenditures (1) 4,348 2,494 Corporate 52 57 Total capital expenditures (1) $ 4,400 $ 2,551 ________

Subsequent events

Subsequent events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent events	Subsequent events On April 29, 2022, o ur restricted cash balance related to our Property Loan of approximately $20.6 million was released into unrestricted cash as the Hyatt Ziva and Hyatt Zilara Cap Cana and Hilton Rose Hall Resort & Spa properties achieved the required debt service coverage ratio for two consecutive quarters.

Significant accounting polici_2

Significant accounting policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of preparation, presentation and measurement	Basis of preparation, presentation and measurement Our Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Certain information and disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited interim Condensed Consolidated Financial Statements should be read in conjunction with our Consolidated Financial Statements as of and for the year ended December 31, 2021, included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 (the “Annual Report”). In our opinion, the unaudited interim Condensed Consolidated Financial Statements have been prepared on the same basis as the annual Consolidated Financial Statements and include all adjustments, consisting of only normal recurring adjustments, necessary for fair presentation.
Standards adopted	Standards adopted Standard Description Date of Adoption Effect on the Financial Statements or Other Significant Matters Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope The amendments in this update provide optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. January 2022 The adoption of ASU No. 2020-04 and ASU 2021-01 had no impact on our Condensed Consolidated Financial Statements for the three months ended March 31, 2022, as we have not modified our variable rate debt that is priced using a spread over one-month London Interbank Offered Rate (“LIBOR”). Additionally, our interest rate swaps mature on March 31, 2023, prior to the anticipated discontinuation of the one-month LIBOR rate on June 30, 2023. We do not expect to modify our interest rate swap contracts prior to their maturity date.
Contract assets and liabilities	Contract assets and liabilities We do not have any material contract assets as of March 31, 2022 and December 31, 2021 other than trade and other receivables on our Condensed Consolidated Balance Sheet. Our receivables are primarily the result of contracts with customers, which are reduced by an allowance for doubtful accounts that reflects our estimate of amounts that will not be collected.

Significant accounting polici_3

Significant accounting policies (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Schedule of Standards Adopted	Standards adopted Standard Description Date of Adoption Effect on the Financial Statements or Other Significant Matters Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope The amendments in this update provide optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. January 2022 The adoption of ASU No. 2020-04 and ASU 2021-01 had no impact on our Condensed Consolidated Financial Statements for the three months ended March 31, 2022, as we have not modified our variable rate debt that is priced using a spread over one-month London Interbank Offered Rate (“LIBOR”). Additionally, our interest rate swaps mature on March 31, 2023, prior to the anticipated discontinuation of the one-month LIBOR rate on June 30, 2023. We do not expect to modify our interest rate swap contracts prior to their maturity date.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present our revenues disaggregated by geographic segment (refer to discussion of our reportable segments in Note 15) ( $ in thousands) : Three Months Ended March 31, 2022 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 60,566 $ 25,929 $ 59,696 $ 37,918 $ — $ 184,109 Non-package revenue 9,812 3,915 10,013 8,208 508 32,456 Management fees 30 — — — 1,027 1,057 Cost reimbursements — — — 998 954 1,952 Total revenue $ 70,408 $ 29,844 $ 69,709 $ 47,124 $ 2,489 $ 219,574 Three Months Ended March 31, 2021 Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Other Total Package revenue $ 28,870 $ 7,552 $ 17,463 $ 10,009 $ — $ 63,894 Non-package revenue 5,808 1,362 3,432 2,268 125 12,995 Management fees — — — — 344 344 Cost reimbursements — — — 377 136 513 Total revenue $ 34,678 $ 8,914 $ 20,895 $ 12,654 $ 605 $ 77,746

Property and equipment (Tables)

Property and equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	The balance of property and equipment, net is as follows ($ in thousands ): As of March 31, As of December 31, 2022 2021 Property and equipment, gross Land, buildings and improvements $ 1,760,827 $ 1,759,837 Fixtures and machinery (1) 84,480 84,264 Furniture and other fixed assets 206,766 205,141 Construction in progress 4,646 3,781 Total property and equipment, gross 2,056,719 2,053,023 Accumulated depreciation (486,980) (468,449) Total property and equipment, net $ 1,569,739 $ 1,584,574 ________ (1) Includes the gross balance of our financing lease right-of-use assets, which was $6.3 million as of March 31, 2022 and December 31, 2021 (see Note 11).
Schedule of Rental Income	The following table presents our rental income for the three months ended March 31, 2022 and 2021 ($ in thousands) : Three Months Ended March 31, Leases 2022 2021 Operating lease income (1) $ 1,226 $ 606 ________ (1) Our operating lease income, which is recorded within non-package revenue in the Condensed Consolidated Statements of Operations, includes variable lease revenue which is typically calculated as a percentage of our tenant's net sales.

Related party transactions (Tab

Related party transactions (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Transactions between us and related parties during the three months ended March 31, 2022 and 2021 were as follows ( $ in thousands ): Three Months Ended March 31, Related Party Transaction 2022 2021 Revenues ALG Package revenue $ 5,874 $ — Sagicor Cost reimbursements (1) $ 1,103 $ 430 Expenses Hyatt Franchise fees (2) $ 7,413 $ 3,516 Sagicor Insurance premiums (2) $ 279 $ 155 Chief Executive Officer Lease expense (3) $ 188 $ 228 DKCM Interest expense (4) $ 5,405 $ 5,404 AMResorts Management fees (2) $ 1,112 $ — AMResorts Marketing fees (3) $ 1,083 $ — ________ (1) Equivalent amount included as reimbursed costs in the Condensed Consolidated Statements of Operations. (2) Included in direct expense in the Condensed Consolidated Statements of Operations with the exception of certain immaterial fees associated with the Hyatt franchise agreements, which are included in selling, general, and administrative expense. (3) Included in selling, general, and administrative expense in the Condensed Consolidated Statements of Operations.

Share-based compensation (Table

Share-based compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of Restricted Share Awards	A summary of our restricted share awards from January 1, 2022 to March 31, 2022 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2022 3,006,791 $ 6.50 Granted 1,034,850 8.20 Vested (1,323,366) 6.31 Forfeited (93,752) 7.73 Unvested balance at March 31, 2022 2,624,523 $ 7.22
Summary of Key Inputs Used in Monte-Carlo Simulation	The table below summarizes the key inputs used in the Monte-Carlo simulation to determine the grant date fair value of our performance share awards ($ in thousands) : Performance Award Grant Date Percentage of Total Award Grant Date Fair Value by Component Volatility (1) Interest Rate (2) Dividend Yield January 4, 2022 Peer Shareholder Return 50 % $ 1,689 67.79 % 1.01 % — % Growth Rate 50 % $ 1,346 67.79 % 1.01 % — % ________ (1) Expected volatility was determined based on the historical share prices of the Company. (2) The risk-free rate was based on U.S. Treasury zero coupon issues with a remaining term equal to the remaining term of the measurement period.
Summary of Performance Share Awards	A summary of our performance share awards from January 1, 2022 to March 31, 2022 is as follows: Number of Shares Weighted-Average Grant Date Fair Value Unvested balance at January 1, 2022 1,027,519 $ 5.18 Granted 374,998 8.10 Vested (16,421) 4.34 Forfeited (56,973) 4.34 Unvested balance at March 31, 2022 1,329,123 $ 6.05

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted EPS	Basic and diluted earnings or loss per share (“EPS”) are as follows ( $ in thousands, except share data ): Three Months Ended March 31, 2022 2021 Numerator Net income (loss) $ 42,747 $ (69,745) Denominator Denominator for basic EPS - weighted-average number of shares outstanding 165,743,382 160,827,261 Effect of dilutive securities Unvested performance share awards 401,903 — Unvested restricted share awards 742,844 — Denominator for diluted EPS - adjusted weighted-average number of shares outstanding 166,888,129 160,827,261 EPS - Basic $ 0.26 $ (0.43) EPS - Diluted $ 0.26 $ (0.43)

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedules of Debt Components and Covenants	Our debt consists of the following ($ in thousands) : Outstanding Balance as of Interest Rate Maturity Date March 31, 2022 December 31, 2021 Senior Secured Credit Facilities Revolving Credit Facility (1) LIBOR + 3.00% LIBOR + 4.00% April 27, 2022 ($17.0 million) January 27, 2024 ($68.0 million) $ — $ — Term Loan (2) LIBOR + 2.75% April 27, 2024 939,343 941,868 Term A1 Loan 11.4777% April 27, 2024 35,000 35,000 Term A2 Loan 11.4777% April 27, 2024 31,000 31,000 Term A3 Loan (3) LIBOR + 3.00% April 27, 2024 27,319 27,319 Total Senior Secured Credit Facilities (at stated value) 1,032,662 1,035,187 Unamortized discount (1,029) (1,153) Unamortized debt issuance costs (3,761) (4,207) Total Senior Secured Credit Facilities, net $ 1,027,872 $ 1,029,827 Property Loan Property Loan (at stated value) 9.25% July 1, 2025 $ 110,000 $ 110,000 Unamortized discount (2,894) (3,107) Unamortized debt issuance costs (3,223) (3,459) Total Property Loan, net $ 103,883 $ 103,434 Financing lease obligations $ 5,959 $ 6,058 Total debt, net $ 1,137,714 $ 1,139,319 ________ (1) Undrawn balances bear interest between 0.25% to 0.5% depending on certain leverage ratios. We had an available balance of $85.0 million as of March 31, 2022 and December 31, 2021. (2) One-month LIBOR is subject to a 1.0% floor. The effective interest rate was 3.75% as of both March 31, 2022 and December 31, 2021. Our two interest rate swaps fix LIBOR at 2.85% on $800.0 million of our Term Loan (see Note 12). (3) One-month LIBOR is subject to a 1.0% floor. The effective interest rate was 4.00% as of both March 31, 2022 and December 31, 2021. Debt Covenant Terms Senior Secured Credit Facility We maintained the minimum liquidity balance of $70.0 million through March 31, 2022. Subsequent to March 31, 2022, we will be subject to the following total net leverage ratio requirements if we have more than 35% drawn on the Revolving Credit Facility: ▪ 6.50x for the period ended March 31, 2022; ▪ 6.00x for the period ended June 30, 2022; and ▪ 4.75x for periods thereafter. Term A1 Loan Same terms as the Senior Secured Credit Facility Term A2 Loan No applicable debt covenants. Term A3 Loan No applicable debt covenants. Property Loan No applicable debt covenants other than the requirement to maintain a cash reserve until the Properties achieve a debt service coverage ratio of 1.50x for two consecutive quarters.

Derivative financial instrume_2

Derivative financial instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Effects of Derivative Instruments on Condensed Consolidated Statements of Comprehensive Loss and Condensed Consolidated Statements of Operations Operations	The following tables present the effect of our interest rate swaps, net of tax, in the Condensed Consolidated Statements of Comprehensive Income (Loss) and Condensed Consolidated Statements of Operations for the three months ended March 31, 2022 and 2021 ($ in thousands) : 2022 2021 AOCI from our cash flow hedges as of January 1 $ 14,632 $ 26,369 Change in fair value — — Reclassification from AOCI to interest expense (2,894) (2,894) OCI related to our cash flow hedges for the three months ended March 31 (2,894) (2,894) AOCI from our cash flow hedges as of March 31 (1) $ 11,738 $ 23,475 ________ (1) As of March 31, 2022, the total amount expected to be reclassified from AOCI to interest expense during the next twelve months is $11.7 million, which represents prior losses recognized in AOCI when our interest rate swaps were deemed effective hedges. Derivative Liabilities for Ineffective Hedges Financial Statement Classification Three Months Ended March 31, 2022 2021 Interest rate swaps (1) Interest expense $ (5,715) $ 2,811 ________ (1) Includes the change in fair value of our interest rate swaps and the cash interest paid for the monthly settlements of the derivative.
Schedule of Location and Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheet	The following tables present the effect of our interest rate swaps in the Condensed Consolidated Balance Sheet as of March 31, 2022 and December 31, 2021 ($ in thousands) : Derivative Liabilities for Ineffective Hedges Financial Statement Classification As of March 31, As of December 31, 2022 2021 Interest rate swaps Derivative financial instruments $ 8,515 $ 22,543

Fair value of financial instr_2

Fair value of financial instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis	The following tables present our fair value hierarchy for our financial liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 ($ in thousands) : March 31, 2022 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis Interest rate swap $ 8,515 $ — $ 8,515 $ — December 31, 2021 Level 1 Level 2 Level 3 Fair value measurements on a recurring basis Interest rate swap $ 22,543 $ — $ 22,543 $ —
Schedule of Financial Liabilities Not Measured at Fair Value	The following tables present our fair value hierarchy for our financial liabilities not measured at fair value as of March 31, 2022 and December 31, 2021 ($ in thousands) : Carrying Value Fair Value As of March 31, 2022 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value Term Loan $ 936,593 $ — $ — $ 923,069 Term A1 Loan 34,240 — — 35,524 Term A2 Loan 30,327 — — 31,465 Term A3 Loan 26,712 — — 27,008 Property Loan 103,883 — — 112,226 Total liabilities $ 1,131,755 $ — $ — $ 1,129,292 Carrying Value Fair Value As of December 31, 2021 Level 1 Level 2 Level 3 Financial liabilities not recorded at fair value Term Loan $ 938,788 $ — $ — $ 924,917 Term A1 Loan 34,151 — — 35,598 Term A2 Loan 30,248 — — 31,530 Term A3 Loan 26,640 — — 27,006 Property Loan 103,434 — — 111,593 Total liabilities $ 1,133,261 $ — $ — $ 1,130,644
Summary of Valuation Techniques	The following table summarizes the valuation techniques used to estimate the fair value of our financial instruments measured at fair value on a recurring basis and our financial instruments not measured at fair value: Valuation Technique Financial instruments recorded at fair value Interest rate swaps The fair value of the interest rate swaps is estimated based on the expected future cash flows by incorporating the notional amount of the swaps, the contractual period to maturity, and observable market-based inputs, including interest rate curves. The fair value also incorporates credit valuation adjustments to appropriately reflect nonperformance risk. The fair value of our interest rate swaps is largely dependent on forecasted LIBOR as of the measurement date. If, in subsequent periods, forecasted LIBOR exceeds 2.85% we will recognize a gain and future cash inflows. Conversely, if forecasted LIBOR falls below 2.85% in subsequent periods we will recognize a loss and future cash outflows. Financial instruments not recorded at fair value Term Loans and Property Loan The fair value of our Term Loans and Property Loan are estimated using cash flow projections over the remaining contractual period by applying market forward rates and discounting back at the appropriate discount rate. Revolving Credit Facility The valuation technique of our Revolving Credit Facility is consistent with our Term Loans. The fair value of the Revolving Credit Facility generally approximates its carrying value as the expected term is significantly shorter in duration.

Other balance sheet items (Tabl

Other balance sheet items (Tables)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Trade and Other Receivables, Net	The following summarizes the balances of trade and other receivables, net as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Gross trade and other receivables (1) $ 63,026 $ 47,382 Allowance for doubtful accounts (1,366) (1,940) Total trade and other receivables, net $ 61,660 $ 45,442 ________ (1) The opening balance as of January 1, 2021 was $28.3 million.
Schedule of Prepayments and Other Assets	The following summarizes the balances of prepayments and other assets as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Advances to suppliers $ 7,895 $ 8,327 Prepaid income taxes 11,550 11,101 Prepaid other taxes (1) 8,344 7,995 Operating lease right-of-use assets 3,569 3,766 Key money (2) 2,349 2,376 Other assets 5,205 5,075 Total prepayments and other assets $ 38,912 $ 38,640 ________ (1) Includes recoverable value-added tax, general consumption tax, and other sales tax accumulated by our Mexico, Jamaica, Dutch and Dominican Republic entities.
Schedule of Goodwill	The gross carrying values and accumulated impairment losses of goodwill by reportable segment (refer to discussion of our reportable segments in Note 15) as of March 31, 2022 and December 31, 2021 are as follows ($ in thousands) : Yucatán Peninsula Pacific Coast Dominican Republic Jamaica Total Gross carrying value $ 51,731 $ — $ — $ 35,879 $ 87,610 Accumulated impairment losses (6,168) — — (19,788) (25,956) Net carrying value $ 45,563 $ — $ — $ 16,091 $ 61,654
Schedule of Other Intangible Assets, Indefinite-Lived	Other intangible assets as of March 31, 2022 and December 31, 2021 consisted of the following ( $ in thousands ): As of March 31, As of December 31, 2022 2021 Gross carrying value Casino and other licenses (1) $ 875 $ 875 Management contract 1,900 1,900 Enterprise resource planning system (2) 6,452 6,402 Other 4,099 4,073 Total gross carrying value 13,326 13,250 Accumulated amortization Management contract (356) (333) Enterprise resource planning system (2) (2,113) (1,895) Other (3,517) (3,390) Total accumulated amortization (5,986) (5,618) Net carrying value Casino and other licenses (1) 875 875 Management contract 1,544 1,567 Enterprise resource planning system (2) 4,339 4,507 Other 582 683 Total net carrying value $ 7,340 $ 7,632 ________ (1) Our casino and other licenses have indefinite lives. Accordingly, there is no associated amortization expense or accumulated amortization. (2) Represents software development costs incurred to develop and implement SAP as our integrated enterprise resource planning system, of which $0.9 million was placed into service in 2021 and is being amortized over a weighted-average amortization period of 7 years.
Schedule of Other Intangible Assets, Finite-Lived	Other intangible assets as of March 31, 2022 and December 31, 2021 consisted of the following ( $ in thousands ): As of March 31, As of December 31, 2022 2021 Gross carrying value Casino and other licenses (1) $ 875 $ 875 Management contract 1,900 1,900 Enterprise resource planning system (2) 6,452 6,402 Other 4,099 4,073 Total gross carrying value 13,326 13,250 Accumulated amortization Management contract (356) (333) Enterprise resource planning system (2) (2,113) (1,895) Other (3,517) (3,390) Total accumulated amortization (5,986) (5,618) Net carrying value Casino and other licenses (1) 875 875 Management contract 1,544 1,567 Enterprise resource planning system (2) 4,339 4,507 Other 582 683 Total net carrying value $ 7,340 $ 7,632 ________ (1) Our casino and other licenses have indefinite lives. Accordingly, there is no associated amortization expense or accumulated amortization. (2) Represents software development costs incurred to develop and implement SAP as our integrated enterprise resource planning system, of which $0.9 million was placed into service in 2021 and is being amortized over a weighted-average amortization period of 7 years.
Schedule of Trade and Other Payables	The following summarizes the balances of trade and other payables as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Trade payables $ 24,294 $ 23,843 Advance deposits (1) 61,188 62,644 Withholding and other taxes payable 35,142 32,655 Interest payable 99 99 Payroll and related accruals 20,306 23,998 Accrued expenses and other payables 19,445 16,983 Total trade and other payables $ 160,474 $ 160,222 ________ (1) The opening balance as of January 1, 2021 was $29.7 million.
Schedule of Other Liabilities	The following summarizes the balances of other liabilities as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Pension obligation (1)(2) $ 6,735 $ 5,990 Operating lease liabilities 4,096 4,298 Unfavorable ground lease liability 1,939 1,967 Key money (3) 16,466 16,731 Other 900 896 Total other liabilities $ 30,136 $ 29,882 ________ (1) For the three months ended March 31, 2022 and 2021, the service cost component of net periodic pension cost was $0.2 million and $0.2 million, respectively. The costs are recorded within direct expense in the Condensed Consolidated Statements of Operations. (2) For the three months ended March 31, 2022 and 2021, the non-service cost components of net periodic pension cost were $0.4 million and $0.1 million, respectively. The costs are recorded within other expense in the Condensed Consolidated Statements of Operations. (3) Represents the unamortized balance of key money received, which is amortized as a reduction to franchise fees within direct expenses in the Condensed Consolidated Statements of Operations.

Business segments (Tables)

Business segments (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following table presents segment owned net revenue and a reconciliation to total revenue for the three months ended March 31, 2022 and 2021 ( $ in thousands ): Three Months Ended March 31, 2022 2021 Owned net revenue Yucatán Peninsula $ 68,629 $ 33,603 Pacific Coast 29,104 8,621 Dominican Republic 69,664 20,881 Jamaica 44,264 11,722 Segment owned net revenue (1) 211,661 74,827 Other 507 125 Management fees 1,057 344 Cost reimbursements 1,952 513 Compulsory tips 4,397 1,937 Total revenue $ 219,574 $ 77,746 ________ (1) Segment owned net revenue represents total revenue less compulsory tips paid to employees, cost reimbursements, management fees and other miscellaneous revenue not derived from segment operations. The following table presents segment Owned Resort EBITDA, Adjusted EBITDA and a reconciliation to net income (loss) for the three months ended March 31, 2022 and 2021 ( $ in thousands ): Three Months Ended March 31, 2022 2021 Owned Resort EBITDA Yucatán Peninsula $ 29,458 $ 7,174 Pacific Coast 12,544 485 Dominican Republic 28,377 1,666 Jamaica 17,158 (2,780) Segment Owned Resort EBITDA 87,537 6,545 Other corporate (11,651) (9,394) Management fees 1,057 344 Adjusted EBITDA 76,943 (2,505) Interest expense (9,168) (18,167) Depreciation and amortization (19,500) (20,883) Impairment loss — (24,011) Loss on sale of assets — (273) Other expense (514) (706) Share-based compensation (3,356) (3,179) Other tax expense (240) (163) Transaction expenses (191) (579) Severance expense — (1,287) Non-service cost components of net periodic pension cost (1) 387 57 Net income (loss) before tax 44,361 (71,696) Income tax (provision) benefit (1,614) 1,951 Net income (loss) $ 42,747 $ (69,745) ________ (1) Represents the non-service cost components of net periodic pension cost or benefit recorded within other expense in the Condensed Consolidated Statements of Operations. We include these costs in calculating Adjusted EBITDA as they are considered part of our ongoing resort operations. The following table presents segment property and equipment, gross and a reconciliation to total property and equipment, net as of March 31, 2022 and December 31, 2021 ($ in thousands) : As of March 31, As of December 31, 2022 2021 Segment property and equipment, gross Yucatán Peninsula $ 668,667 $ 667,618 Pacific Coast 289,243 288,309 Dominican Republic 684,948 684,187 Jamaica 409,009 408,107 Total segment property and equipment, gross 2,051,867 2,048,221 Corporate property and equipment, gross 4,852 4,802 Accumulated depreciation (486,980) (468,449) Total property and equipment, net $ 1,569,739 $ 1,584,574 The following table presents segment capital expenditures and a reconciliation to total capital expenditures for the three months ended March 31, 2022 and 2021 ( $ in thousands ): Three Months Ended March 31, 2022 2021 Segment capital expenditures Yucatán Peninsula $ 1,265 $ 681 Pacific Coast 1,152 141 Dominican Republic 946 645 Jamaica 985 1,027 Total segment capital expenditures (1) 4,348 2,494 Corporate 52 57 Total capital expenditures (1) $ 4,400 $ 2,551 ________

Organization, operations and _2

Organization, operations and basis of presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2022resort
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of resorts in portfolio	22

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 219,574	$ 77,746
Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	184,109	63,894
Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	32,456	12,995
Management fees
Disaggregation of Revenue [Line Items]
Total revenue	1,057	344
Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	1,952	513
Other
Disaggregation of Revenue [Line Items]
Total revenue	2,489	605
Other | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Other | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	508	125
Other | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	1,027	344
Other | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	954	136
Yucatán Peninsula
Disaggregation of Revenue [Line Items]
Total revenue	70,408	34,678
Yucatán Peninsula | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	60,566	28,870
Yucatán Peninsula | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	9,812	5,808
Yucatán Peninsula | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	30	0
Yucatán Peninsula | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Pacific Coast
Disaggregation of Revenue [Line Items]
Total revenue	29,844	8,914
Pacific Coast | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	25,929	7,552
Pacific Coast | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	3,915	1,362
Pacific Coast | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Pacific Coast | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Dominican Republic
Disaggregation of Revenue [Line Items]
Total revenue	69,709	20,895
Dominican Republic | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	59,696	17,463
Dominican Republic | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	10,013	3,432
Dominican Republic | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Dominican Republic | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Jamaica
Disaggregation of Revenue [Line Items]
Total revenue	47,124	12,654
Jamaica | Package revenue
Disaggregation of Revenue [Line Items]
Total revenue	37,918	10,009
Jamaica | Non-package revenue
Disaggregation of Revenue [Line Items]
Total revenue	8,208	2,268
Jamaica | Management fees
Disaggregation of Revenue [Line Items]
Total revenue	0	0
Jamaica | Cost reimbursements
Disaggregation of Revenue [Line Items]
Total revenue	$ 998	$ 377

Property and equipment - Schedu

Property and equipment - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,056,719	$ 2,053,023
Accumulated depreciation	(486,980)	(468,449)
Total property and equipment, net	$ 1,569,739	$ 1,584,574
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total property and equipment, net	Total property and equipment, net
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,760,827	$ 1,759,837
Fixtures and machinery
Property, Plant and Equipment [Line Items]
Property and equipment, gross	84,480	84,264
Gross balance of finance lease right of use asset	6,300	6,300
Furniture and other fixed assets
Property, Plant and Equipment [Line Items]
Property and equipment, gross	206,766	205,141
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,646	$ 3,781

Property and equipment - Narrat

Property and equipment - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Feb. 05, 2021	Mar. 31, 2022	Mar. 31, 2021
Lessor, Lease, Description [Line Items]
Depreciation expense			$ 19,100	$ 20,500
Proceeds from the sale of assets, net			$ 24	$ 34,212
Assets Held for Sale | Capri Resort
Lessor, Lease, Description [Line Items]
Cash consideration for sale of assets	$ 55,000
Impairment loss recorded based on expected sale price of the properties	$ 24,000
Sale of Assets | Dreams Puerto Aventuras
Lessor, Lease, Description [Line Items]
Proceeds from the sale of assets, net		$ 34,300
Minimum
Lessor, Lease, Description [Line Items]
Contractual term (in years)			1 year
Maximum
Lessor, Lease, Description [Line Items]
Contractual term (in years)			3 years

Property and equipment - Sche_2

Property and equipment - Schedule of Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Operating lease income	$ 1,226	$ 606

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax (provision) benefit	$ (1,614)	$ 1,951

Related party transactions - Tr

Related party transactions - Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Affiliated Entity | ALG | Package revenue
Related Party Transaction [Line Items]
Total transactions with related parties	$ 5,874	$ 0
Affiliated Entity | Sagicor | Cost reimbursements
Related Party Transaction [Line Items]
Total transactions with related parties	1,103	430
Affiliated Entity | Sagicor | Insurance premiums
Related Party Transaction [Line Items]
Total transactions with related parties	279	155
Affiliated Entity | Hyatt | Franchise fees
Related Party Transaction [Line Items]
Total transactions with related parties	7,413	3,516
Affiliated Entity | DKCM | Interest expense
Related Party Transaction [Line Items]
Total transactions with related parties	5,405	5,404
Affiliated Entity | AMResorts | Management fees
Related Party Transaction [Line Items]
Total transactions with related parties	1,112	0
Affiliated Entity | AMResorts | Marketing fees
Related Party Transaction [Line Items]
Total transactions with related parties	1,083	0
Chief Executive Officer | Lease expense
Related Party Transaction [Line Items]
Total transactions with related parties	$ 188	$ 228

Ordinary shares - Narrative (De

Ordinary shares - Narrative (Details) - € / shares	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Ordinary shares, outstanding (in shares)	165,778,067	164,438,280
Ordinary shares, par value (in euros per share)	€ 0.10	€ 0.10
Restricted Shares and Performance Share Awards
Class of Stock [Line Items]
Shares outstanding (in shares)	3,926,401
Restricted Share Units
Class of Stock [Line Items]
Shares outstanding (in shares)	27,245

Share-based compensation - Narr

Share-based compensation - Narrative (Details) - shares	Jan. 04, 2022	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants under the 2017 Plan (in shares)		3,498,568
Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		3 years
Granted (in shares)		374,998
Vesting percentage		100.00%
Peer Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of total awards vesting based on designated criteria	50.00%	50.00%
Growth Rate
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of total awards vesting based on designated criteria	50.00%	50.00%
Minimum | Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.00%
Maximum | Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		150.00%
Award vesting rights, negative awards, percentage		1

Share-based compensation - Summ

Share-based compensation - Summary of Restricted Stock and Performance Share Awards (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Unvested restricted share awards
Number of Shares
Unvested balance at beginning of period (in shares) | shares	3,006,791
Granted (in shares) | shares	1,034,850
Vested (in shares) | shares	(1,323,366)
Forfeited (in shares) | shares	(93,752)
Unvested balance at end of period (in shares) | shares	2,624,523
Weighted-Average Grant Date Fair Value
Unvested balance at beginning of period (in dollars per share) | $ / shares	$ 6.50
Granted (in dollars per share) | $ / shares	8.20
Vested (in dollars per share) | $ / shares	6.31
Forfeited (in dollars per share) | $ / shares	7.73
Unvested balance at end of period (in dollars per share) | $ / shares	$ 7.22
Performance Share Awards
Number of Shares
Unvested balance at beginning of period (in shares) | shares	1,027,519
Granted (in shares) | shares	374,998
Vested (in shares) | shares	(16,421)
Forfeited (in shares) | shares	(56,973)
Unvested balance at end of period (in shares) | shares	1,329,123
Weighted-Average Grant Date Fair Value
Unvested balance at beginning of period (in dollars per share) | $ / shares	$ 5.18
Granted (in dollars per share) | $ / shares	8.10
Vested (in dollars per share) | $ / shares	4.34
Forfeited (in dollars per share) | $ / shares	4.34
Unvested balance at end of period (in dollars per share) | $ / shares	$ 6.05

Share-based compensation - Su_2

Share-based compensation - Summary of Key Inputs (Details) - USD ($) $ in Thousands	Jan. 04, 2022	Mar. 31, 2022
Peer Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of Total Award	50.00%	50.00%
Grant Date Fair Value by Component	$ 1,689
Volatility	67.79%
Interest Rate	1.01%
Dividend Yield	0.00%
Growth Rate
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of Total Award	50.00%	50.00%
Grant Date Fair Value by Component	$ 1,346
Volatility	67.79%
Interest Rate	1.01%
Dividend Yield	0.00%

Earnings per share - Schedule o

Earnings per share - Schedule of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator
Net income (loss)	$ 42,747	$ (69,745)
Denominator
Weighted average number of shares outstanding during the period - Basic (in shares)	165,743,382	160,827,261
Effect of dilutive securities
Denominator for diluted EPS - adjusted weighted-average number of shares outstanding (in shares)	166,888,129	160,827,261
Earnings (loss) per share - Basic (in dollars per share)	$ 0.26	$ (0.43)
Earnings (loss) per share - Diluted (in dollars per share)	$ 0.26	$ (0.43)
Unvested performance share awards
Effect of dilutive securities
Unvested share awards (in shares)	401,903	0
Unvested restricted share awards
Effect of dilutive securities
Unvested share awards (in shares)	742,844	0

Earnings per share - Narrative

Earnings per share - Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnout Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock acquired by outstanding warrants (in shares)		2,987,770
Unvested performance share awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings (losses) per share (in shares)	187,500	1,027,519
Unvested restricted share awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings (losses) per share (in shares)		3,432,944

Debt - Schedule of Debt Compone

Debt - Schedule of Debt Components (Details)	3 Months Ended
	Mar. 31, 2022USD ($)derivativeContract	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
Financing lease obligations	$ 5,959,000	$ 6,058,000
Total debt, net	$ 1,137,714,000	1,139,319,000
Interest rate swaps
Debt Instrument [Line Items]
Number of interest rate swap contracts | derivativeContract	2
Fixed rate	2.85%
Senior Secured Credit Facilities
Debt Instrument [Line Items]
Total debt obligations	$ 1,032,662,000	1,035,187,000
Unamortized discount	(1,029,000)	(1,153,000)
Unamortized debt issuance costs	(3,761,000)	(4,207,000)
Debt, net	1,027,872,000	1,029,827,000
Notional amount	800,000,000
Term Loan | Senior Secured Credit Facilities
Debt Instrument [Line Items]
Total debt obligations	$ 939,343,000	$ 941,868,000
Effective interest rate	3.75%	3.75%
Notional amount	$ 800,000,000
Term Loan | Senior Secured Credit Facilities | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Floor interest rate	1.00%
Term A1 Loan | Senior Secured Credit Facilities
Debt Instrument [Line Items]
Fixed interest rate	11.4777%
Total debt obligations	$ 35,000,000	$ 35,000,000
Term A2 Loan | Senior Secured Credit Facilities
Debt Instrument [Line Items]
Fixed interest rate	11.4777%
Total debt obligations	$ 31,000,000	31,000,000
Term A3 Loan | Senior Secured Credit Facilities
Debt Instrument [Line Items]
Total debt obligations	$ 27,319,000	$ 27,319,000
Effective interest rate	4.00%	4.00%
Term A3 Loan | Senior Secured Credit Facilities | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Floor interest rate	1.00%
Property Loan | Secured Loan Agreement
Debt Instrument [Line Items]
Fixed interest rate	9.25%
Total debt obligations	$ 110,000,000	$ 110,000,000
Unamortized discount	(2,894,000)	(3,107,000)
Unamortized debt issuance costs	(3,223,000)	(3,459,000)
Debt, net	103,883,000	103,434,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Total debt obligations	0	0
Available balance	85,000,000	$ 85,000,000
Revolving Credit Facility | Line of Credit | April 27, 2022
Debt Instrument [Line Items]
Total debt obligations	17,000,000
Revolving Credit Facility | Line of Credit | January 27, 2024
Debt Instrument [Line Items]
Total debt obligations	$ 68,000,000
Revolving Credit Facility | Line of Credit | Minimum
Debt Instrument [Line Items]
Interest on undrawn balances, depending on certain leverage ratios	0.25%
Revolving Credit Facility | Line of Credit | Maximum
Debt Instrument [Line Items]
Interest on undrawn balances, depending on certain leverage ratios	0.50%
Revolving Credit Facility | Line of Credit | LIBOR | April 27, 2022
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Revolving Credit Facility | Line of Credit | LIBOR | January 27, 2024
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%

Debt - Financial Maintenance Co

Debt - Financial Maintenance Covenants (Details)	Jun. 12, 2020fiscalQuarter	Mar. 31, 2022USD ($)
Secured Loan Agreement | Property Loan
Debt Instrument [Line Items]
Requirement to continue making deposits into reserves, minimum debt service coverage ratio to terminate	1.50	1.50
Threshold number of consecutive calendar quarters to maintain minimum debt service coverage ratio for termination of requirement to continue making deposits into reserves | fiscalQuarter	2
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Minimum liquidity balance | $		$ 70,000,000
Total net leverage ratio requirement threshold, percentage drawn on Revolving Credit Facility	35.00%	35.00%
Revolving Credit Facility | Line of Credit | Period ended March 31, 2022
Debt Instrument [Line Items]
Minimum total net leverage ratio requirements	6.50	6.50
Revolving Credit Facility | Line of Credit | Period ended June 30, 2022
Debt Instrument [Line Items]
Minimum total net leverage ratio requirements	6	6
Revolving Credit Facility | Line of Credit | Periods thereafter
Debt Instrument [Line Items]
Minimum total net leverage ratio requirements	4.75	4.75

Derivative financial instrume_3

Derivative financial instruments - Narrative (Details) $ in Millions	Mar. 31, 2022USD ($)derivativeContract
Term Loan
Derivative [Line Items]
Notional amount	$ 800
Interest rate swaps
Derivative [Line Items]
Number of interest rate swap contracts | derivativeContract	2
Fixed rate	2.85%
Interest Rate Swap One
Derivative [Line Items]
Notional amount	$ 200
Interest Rate Swap Two
Derivative [Line Items]
Notional amount	$ 600

Derivative financial instrume_4

Derivative financial instruments - Effects on Comprehensive Loss Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 630,834	$ 560,822
Total other comprehensive income	2,660	2,883
Ending balance	679,597	631,392
Total amount expected to be reclassified from AOCI to interest expense during next twelve months	11,700
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	14,632	26,369
Change in fair value	0	0
Reclassification from AOCI to interest expense	(2,894)	(2,894)
Total other comprehensive income	(2,894)	(2,894)
Ending balance	$ 11,738	$ 23,475

Derivative financial instrume_5

Derivative financial instruments - Effects on Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest rate swaps | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Effects on Income Statement	$ (5,715)	$ 2,811

Derivative financial instrume_6

Derivative financial instruments - Location and Fair Value of Derivatives in Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Interest rate swaps | Derivative Liabilities for Ineffective Hedges | Derivative financial instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 8,515	$ 22,543

Fair value of financial instr_3

Fair value of financial instruments - Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair value measurements on a recurring basis:
Derivative financial instruments	$ 8,515	$ 22,543
Fair Value Measurements on a Recurring Basis | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	8,515	22,543
Fair Value Measurements on a Recurring Basis | Level 1 | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	0	0
Fair Value Measurements on a Recurring Basis | Level 2 | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	8,515	22,543
Fair Value Measurements on a Recurring Basis | Level 3 | Interest rate swap
Fair value measurements on a recurring basis:
Derivative financial instruments	$ 0	$ 0

Fair value of financial instr_4

Fair value of financial instruments - Schedule of Financial Liabilities Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Carrying Value
Financial liabilities not recorded at fair value
Total liabilities	$ 1,131,755	$ 1,133,261
Carrying Value | Property Loan
Financial liabilities not recorded at fair value
Total liabilities	103,883	103,434
Fair Value | Level 1
Financial liabilities not recorded at fair value
Total liabilities	0	0
Fair Value | Level 1 | Property Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Fair Value | Level 2
Financial liabilities not recorded at fair value
Total liabilities	0	0
Fair Value | Level 2 | Property Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Fair Value | Level 3
Financial liabilities not recorded at fair value
Total liabilities	1,129,292	1,130,644
Fair Value | Level 3 | Property Loan
Financial liabilities not recorded at fair value
Total liabilities	112,226	111,593
Term Loan | Carrying Value | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	936,593	938,788
Term Loan | Fair Value | Level 1 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term Loan | Fair Value | Level 2 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term Loan | Fair Value | Level 3 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	923,069	924,917
Term A1 Loan | Carrying Value | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	34,240	34,151
Term A1 Loan | Fair Value | Level 1 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term A1 Loan | Fair Value | Level 2 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term A1 Loan | Fair Value | Level 3 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	35,524	35,598
Term A2 Loan | Carrying Value | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	30,327	30,248
Term A2 Loan | Fair Value | Level 1 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term A2 Loan | Fair Value | Level 2 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term A2 Loan | Fair Value | Level 3 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	31,465	31,530
Term A3 Loan | Carrying Value | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	26,712	26,640
Term A3 Loan | Fair Value | Level 1 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term A3 Loan | Fair Value | Level 2 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	0	0
Term A3 Loan | Fair Value | Level 3 | Term Loan
Financial liabilities not recorded at fair value
Total liabilities	$ 27,008	$ 27,006

Fair value of financial instr_5

Fair value of financial instruments - Valuation Techniques (Details)	Mar. 31, 2022
Interest rate swap | Forecasted LIBOR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input threshold	0.0285

Other balance sheet items - Sch

Other balance sheet items - Schedule of Trade and Other Receivables, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Gross trade and other receivables	$ 63,026	$ 47,382
Allowance for doubtful accounts	(1,366)	(1,940)	$ (28,300)
Trade and other receivables, net	61,660	45,442
Allowance for doubtful accounts	$ 1,366	$ 1,940	$ 28,300

Other balance sheet items - S_2

Other balance sheet items - Schedule of Prepayments and Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advances to suppliers	$ 7,895	$ 8,327
Prepaid income taxes	11,550	11,101
Prepaid other taxes	$ 8,344	$ 7,995
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total prepayments and other assets	Total prepayments and other assets
Operating lease right-of-use assets	$ 3,569	$ 3,766
Key money	2,349	2,376
Other assets	5,205	5,075
Total prepayments and other assets	$ 38,912	$ 38,640

Other balance sheet items - S_3

Other balance sheet items - Schedule of Goodwill (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Impairment losses	$ 0
Gross carrying value	87,610,000	$ 87,610,000
Accumulated impairment losses	(25,956,000)	(25,956,000)
Goodwill, Total	61,654,000	61,654,000
Yucatán Peninsula
Goodwill [Roll Forward]
Gross carrying value	51,731,000	51,731,000
Accumulated impairment losses	(6,168,000)	(6,168,000)
Goodwill, Total	45,563,000	45,563,000
Pacific Coast
Goodwill [Roll Forward]
Gross carrying value	0	0
Accumulated impairment losses	0	0
Goodwill, Total	0	0
Dominican Republic
Goodwill [Roll Forward]
Gross carrying value	0	0
Accumulated impairment losses	0	0
Goodwill, Total	0	0
Jamaica
Goodwill [Roll Forward]
Gross carrying value	35,879,000	35,879,000
Accumulated impairment losses	(19,788,000)	(19,788,000)
Goodwill, Total	$ 16,091,000	$ 16,091,000

Other balance sheet items - S_4

Other balance sheet items - Schedule of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total accumulated amortization	$ (5,986)		$ (5,618)
Indefinite-lived Intangible Assets [Line Items]
Total gross carrying value	13,326		13,250
Total net carrying value	7,340		7,632
Amortization expense for intangible assets	400	$ 300
Casino and other licenses
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	875		875
Management contract
Finite-Lived Intangible Assets [Line Items]
Gross carrying value, finite-lived intangible assets	1,900		1,900
Total accumulated amortization	(356)		(333)
Net carrying value, finite-lived intangible assets	1,544		1,567
Enterprise resource planning system
Finite-Lived Intangible Assets [Line Items]
Gross carrying value, finite-lived intangible assets	6,452		6,402
Total accumulated amortization	(2,113)		(1,895)
Net carrying value, finite-lived intangible assets	$ 4,339		4,507
Finite-lived intangible assets placed into service during period			900
Estimated useful life (in years)	7 years
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying value, finite-lived intangible assets	$ 4,099		4,073
Total accumulated amortization	(3,517)		(3,390)
Net carrying value, finite-lived intangible assets	$ 582		$ 683

Other balance sheet items - S_5

Other balance sheet items - Schedule of Trade and Other Payables (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Trade payables	$ 24,294	$ 23,843
Advance deposits	61,188	62,644	$ 29,700
Withholding and other taxes payable	35,142	32,655
Interest payable	99	99
Payroll and related accruals	20,306	23,998
Accrued expenses and other payables	19,445	16,983
Total trade and other payables	$ 160,474	$ 160,222

Other balance sheet items - S_6

Other balance sheet items - Schedule of Other Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Pension obligation	$ 6,735		$ 5,990
Operating lease liabilities	4,096		4,298
Unfavorable ground lease liability	1,939		1,967
Key money	16,466		16,731
Other	900		896
Total other liabilities	30,136		$ 29,882
Service cost component of net periodic pension cost	200	$ 200
Non-service cost components of net periodic pension (benefit) cost	$ 400	$ 100

Business segments - Schedule of

Business segments - Schedule of Net Revenue and Reconciliation to Gross Revenue (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	4
Segment Reporting Information [Line Items]
Total revenue	$ 219,574	$ 77,746
Management fees
Segment Reporting Information [Line Items]
Total revenue	1,057	344
Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	1,952	513
Yucatán Peninsula
Segment Reporting Information [Line Items]
Total revenue	70,408	34,678
Yucatán Peninsula | Management fees
Segment Reporting Information [Line Items]
Total revenue	30	0
Yucatán Peninsula | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	0	0
Pacific Coast
Segment Reporting Information [Line Items]
Total revenue	29,844	8,914
Pacific Coast | Management fees
Segment Reporting Information [Line Items]
Total revenue	0	0
Pacific Coast | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	0	0
Dominican Republic
Segment Reporting Information [Line Items]
Total revenue	69,709	20,895
Dominican Republic | Management fees
Segment Reporting Information [Line Items]
Total revenue	0	0
Dominican Republic | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	0	0
Jamaica
Segment Reporting Information [Line Items]
Total revenue	47,124	12,654
Jamaica | Management fees
Segment Reporting Information [Line Items]
Total revenue	0	0
Jamaica | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	998	377
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	211,661	74,827
Operating Segments | Yucatán Peninsula
Segment Reporting Information [Line Items]
Total revenue	68,629	33,603
Operating Segments | Pacific Coast
Segment Reporting Information [Line Items]
Total revenue	29,104	8,621
Operating Segments | Dominican Republic
Segment Reporting Information [Line Items]
Total revenue	69,664	20,881
Operating Segments | Jamaica
Segment Reporting Information [Line Items]
Total revenue	44,264	11,722
Segment Reconciling Items | Other
Segment Reporting Information [Line Items]
Total revenue	507	125
Segment Reconciling Items | Management fees
Segment Reporting Information [Line Items]
Total revenue	1,057	344
Segment Reconciling Items | Cost reimbursements
Segment Reporting Information [Line Items]
Total revenue	1,952	513
Segment Reconciling Items | Compulsory tips
Segment Reporting Information [Line Items]
Total revenue	$ 4,397	$ 1,937

Business segments - Schedule _2

Business segments - Schedule of Owned Resort EBITDA, Adjusted EBITDA and Reconciliation to Net (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Owned Resort EBITDA
Adjusted EBITDA	$ 76,943	$ (2,505)
Management fees	219,574	77,746
Interest expense	(9,168)	(18,167)
Depreciation and amortization	(19,500)	(20,883)
Impairment loss	0	(24,011)
Loss on sale of assets	0	(273)
Other expense	(514)	(706)
Non-service cost components of net periodic pension cost (benefit)	(400)	(100)
Net income (loss) before tax	44,361	(71,696)
Income tax (provision) benefit	(1,614)	1,951
Net income (loss)	42,747	(69,745)
Management fees
Owned Resort EBITDA
Management fees	1,057	344
Yucatán Peninsula
Owned Resort EBITDA
Management fees	70,408	34,678
Yucatán Peninsula | Management fees
Owned Resort EBITDA
Management fees	30	0
Pacific Coast
Owned Resort EBITDA
Management fees	29,844	8,914
Pacific Coast | Management fees
Owned Resort EBITDA
Management fees	0	0
Dominican Republic
Owned Resort EBITDA
Management fees	69,709	20,895
Dominican Republic | Management fees
Owned Resort EBITDA
Management fees	0	0
Jamaica
Owned Resort EBITDA
Management fees	47,124	12,654
Jamaica | Management fees
Owned Resort EBITDA
Management fees	0	0
Operating Segments
Owned Resort EBITDA
Adjusted EBITDA	87,537	6,545
Management fees	211,661	74,827
Operating Segments | Yucatán Peninsula
Owned Resort EBITDA
Adjusted EBITDA	29,458	7,174
Management fees	68,629	33,603
Operating Segments | Pacific Coast
Owned Resort EBITDA
Adjusted EBITDA	12,544	485
Management fees	29,104	8,621
Operating Segments | Dominican Republic
Owned Resort EBITDA
Adjusted EBITDA	28,377	1,666
Management fees	69,664	20,881
Operating Segments | Jamaica
Owned Resort EBITDA
Adjusted EBITDA	17,158	(2,780)
Management fees	44,264	11,722
Other corporate
Owned Resort EBITDA
Adjusted EBITDA	(11,651)	(9,394)
Segment Reconciling Items
Owned Resort EBITDA
Interest expense	(9,168)	(18,167)
Depreciation and amortization	(19,500)	(20,883)
Impairment loss	0	(24,011)
Loss on sale of assets	0	(273)
Other expense	(514)	(706)
Share-based compensation	(3,356)	(3,179)
Other tax expense	(240)	(163)
Transaction expenses	(191)	(579)
Severance expense	0	(1,287)
Non-service cost components of net periodic pension cost (benefit)	387	57
Segment Reconciling Items | Management fees
Owned Resort EBITDA
Management fees	$ 1,057	$ 344

Business segments - Schedule _3

Business segments - Schedule of Segment Property and Equipment and Reconciliation to Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Property and equipment, gross	$ 2,056,719	$ 2,053,023
Accumulated depreciation	(486,980)	(468,449)
Property and equipment, net	1,569,739	1,584,574
Operating Segments
Segment Reporting Information [Line Items]
Property and equipment, gross	2,051,867	2,048,221
Operating Segments | Yucatán Peninsula
Segment Reporting Information [Line Items]
Property and equipment, gross	668,667	667,618
Operating Segments | Pacific Coast
Segment Reporting Information [Line Items]
Property and equipment, gross	289,243	288,309
Operating Segments | Dominican Republic
Segment Reporting Information [Line Items]
Property and equipment, gross	684,948	684,187
Operating Segments | Jamaica
Segment Reporting Information [Line Items]
Property and equipment, gross	409,009	408,107
Corporate
Segment Reporting Information [Line Items]
Property and equipment, gross	$ 4,852	$ 4,802

Business segments - Schedule _4

Business segments - Schedule of Segment Capital Expenditures and Reconciliation to Capital Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Total capital expenditures	$ 4,400	$ 2,551
Operating Segments
Segment Reporting Information [Line Items]
Total capital expenditures	4,348	2,494
Operating Segments | Yucatán Peninsula
Segment Reporting Information [Line Items]
Total capital expenditures	1,265	681
Operating Segments | Pacific Coast
Segment Reporting Information [Line Items]
Total capital expenditures	1,152	141
Operating Segments | Dominican Republic
Segment Reporting Information [Line Items]
Total capital expenditures	946	645
Operating Segments | Jamaica
Segment Reporting Information [Line Items]
Total capital expenditures	985	1,027
Corporate
Segment Reporting Information [Line Items]
Total capital expenditures	$ 52	$ 57

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Apr. 29, 2022USD ($)fiscalQuarter	Jun. 12, 2020fiscalQuarter	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Mar. 31, 2021USD ($)
Subsequent Event [Line Items]
Restricted cash			$ 24,363	$ 23,489	$ 25,939
Cash and cash equivalents			299,802	$ 270,088	$ 200,427
Property Loan
Subsequent Event [Line Items]
Restricted cash			$ 20,600
Property Loan | Secured Loan Agreement
Subsequent Event [Line Items]
Threshold number of consecutive calendar quarters to maintain minimum debt service coverage ratio for termination of requirement to continue making deposits into reserves | fiscalQuarter		2
Subsequent Event | Property Loan
Subsequent Event [Line Items]
Cash and cash equivalents	$ 20,600
Subsequent Event | Property Loan | Secured Loan Agreement
Subsequent Event [Line Items]
Threshold number of consecutive calendar quarters to maintain minimum debt service coverage ratio for termination of requirement to continue making deposits into reserves | fiscalQuarter	2

Uncategorized Items - plya-2022

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2019-12 [Member]