Wyndham Hotels & Resorts (WH) 10-Q 27 Jul 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2022 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Entity File Number	001-38432
Entity Registrant Name	Wyndham Hotels & Resorts, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-3356232
Entity Address, Address Line One	22 Sylvan Way
Entity Address, City or Town	Parsippany,
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07054
City Area Code	973
Local Phone Number	753-6000
Title of 12(b) Security	Common Stock
Trading Symbol	WH
Security Exchange Name	NYSE
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	90,325,607
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001722684
Amendment Flag	false
Document Fiscal Year Focus	2022

Condensed Consolidated and Comb

Condensed Consolidated and Combined Statements of Income/(Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net revenues
Net revenues	$ 386	$ 406	$ 757	$ 709
Expenses
Operating	28	31	64	58
General and administrative	31	27	59	51
Depreciation and amortization	17	24	40	47
Loss/(gain) on asset sales	1	0	(35)	0
Separation-related (income)/expenses	(1)	1	(1)	3
Total expenses	241	273	452	512
Operating income	145	133	305	197
Interest expense, net	20	22	39	51
Early extinguishment of debt	2	18	2	18
Income before income taxes	123	93	264	128
Provision for income taxes	31	25	66	35
Net income	$ 92	$ 68	$ 198	$ 93
Earnings per share
Basic (in usd per share)	$ 1	$ 0.73	$ 2.15	$ 0.99
Diluted (in usd per share)	$ 1	$ 0.73	$ 2.13	$ 0.99
Fee-related and other revenues
Net revenues
Net revenues	$ 354	$ 321	$ 669	$ 554
Royalties and franchise fees
Net revenues
Net revenues	133	122	242	200
Marketing, reservation and loyalty
Net revenues
Net revenues	145	119	257	204
Expenses
Cost of revenues	133	105	237	198
Management and other fees
Net revenues
Net revenues	16	30	51	50
License and other fees
Net revenues
Net revenues	27	20	46	40
Other
Net revenues
Net revenues	33	30	73	60
Cost reimbursements
Net revenues
Net revenues	32	85	88	155
Expenses
Cost of revenues	$ 32	$ 85	$ 88	$ 155

Condensed Consolidated and Co_2

Condensed Consolidated and Combined Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 92	$ 68	$ 198	$ 93
Other comprehensive income/(loss), net of tax
Foreign currency translation adjustments	(2)	1	(2)	2
Unrealized gains on cash flow hedges	9	4	40	17
Other comprehensive income, net of tax	7	5	38	19
Comprehensive income	$ 99	$ 73	$ 236	$ 112

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 400	$ 171
Trade receivables, net	255	246
Prepaid expenses	56	51
Other current assets	43	98
Assets Held-for-sale, Not Part of Disposal Group, Current	0	154
Total current assets	754	720
Property and equipment, net	103	106
Goodwill	1,525	1,525
Other non-current assets	296	243
Total assets	4,250	4,269
Current liabilities:
Current portion of long-term debt	10	21
Accounts payable	33	31
Deferred revenues	83	70
Accrued expenses and other current liabilities	261	258
Total current liabilities	387	397
Long-term debt	2,068	2,063
Deferred income taxes	346	366
Deferred revenues	169	165
Other non-current liabilities	184	189
Total liabilities	3,154	3,180
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $0.01 par value, authorized 6.0 shares, none issued and outstanding	0	0
Common stock, $0.01 par value, 101.6 and 101.3 issued at June 30, 2022 and December 31, 2021	1	1
Treasury stock, at cost – 11.3 and 9.0 shares at June 30, 2022 and December 31, 2021	(699)	(519)
Additional paid-in capital	1,553	1,543
Retained earnings	218	79
Accumulated other comprehensive income/(loss)	23	(15)
Total stockholders’ equity	1,096	1,089
Total liabilities and stockholders’ equity	$ 4,250	$ 4,269
Treasury stock, shares (in shares)	11.3	9
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 0	$ 17
Trademarks, net
Current assets:
Intangible assets, net	1,202	1,202
Franchise agreements and other intangibles, net
Current assets:
Intangible assets, net	$ 370	$ 473

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	6,000,000	6,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	101,600,000	101,300,000
Treasury stock, shares (in shares)	11,300,000	9,000,000

Condensed Consolidated and Co_3

Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 68	$ 198	$ 93
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization	24	40	47
(Recovery of)/provision for doubtful accounts		(1)	14
Deferred income taxes		(32)	3
Stock-based compensation		17	13
Loss on early extinguishment of debt	18	2	18
Net change in assets and liabilities:
Trade receivables		(5)	(16)
Prepaid expenses		(3)	(7)
Other current assets		56	4
Accounts payable, accrued expenses and other current liabilities		(5)	6
Deferred revenues		16	11
Payments of development advance notes, net		(13)	(16)
Other, net		7	10
Net cash provided by operating activities		242	180
Investing activities
Property and equipment additions		(18)	(17)
Proceeds from Sale of Productive Assets	0	263
Other, net		(1)	(1)
Net cash provided by/(used in) investing activities		244	(18)
Proceeds from borrowings		400	45
Financing activities
Principal payments on long-term debt		(404)	(566)
Dividends to stockholders	(15)	(59)	(30)
Repurchases of common stock		(179)	0
Net share settlement of incentive equity awards		(11)	(6)
Other, net		(3)	5
Net cash used in financing activities		(256)	(552)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash		(1)	0
Net increase/(decrease) in cash, cash equivalents and restricted cash		229	(390)
Cash, cash equivalents and restricted cash, beginning of period		171	493
Cash, cash equivalents and restricted cash, end of period	103	400	103
Loss/(gain) on asset sales	$ 0	$ (35)	$ 0

Condensed Consolidated and Co_4

Condensed Consolidated and Combined Statements of Equity (Unaudited) - USD ($)	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance as of beginning of period, shares at Dec. 31, 2020		93,000,000
Balance as of beginning of period, value at Dec. 31, 2020	$ 963,000,000	$ 1,000,000	$ (408,000,000)	$ 1,504,000,000	$ (82,000,000)	$ (52,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,000,000				24,000,000
Period change	14,000,000					14,000,000
Dividends	(15,000,000)				(15,000,000)
Net share settlement of incentive equity awards	(5,000,000)			(5,000,000)
Change in deferred compensation	5,000,000			5,000,000
Exercise of stock options	4,000,000			4,000,000
Other	1,000,000				1,000,000
Ending balance, shares at Mar. 31, 2021		93,000,000
Balance as of end of period, value at Mar. 31, 2021	991,000,000	$ 1,000,000	(408,000,000)	1,508,000,000	(72,000,000)	(38,000,000)
Balance as of beginning of period, shares at Dec. 31, 2020		93,000,000
Balance as of beginning of period, value at Dec. 31, 2020	963,000,000	$ 1,000,000	(408,000,000)	1,504,000,000	(82,000,000)	(52,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	93,000,000
Period change	19,000,000
Ending balance, shares at Jun. 30, 2021		94,000,000
Balance as of end of period, value at Jun. 30, 2021	1,060,000,000	$ 1,000,000	(408,000,000)	1,519,000,000	(19,000,000)	(33,000,000)
Balance as of beginning of period, shares at Mar. 31, 2021		93,000,000
Balance as of beginning of period, value at Mar. 31, 2021	991,000,000	$ 1,000,000	(408,000,000)	1,508,000,000	(72,000,000)	(38,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	68,000,000				68,000,000
Period change	5,000,000					5,000,000
Dividends	(15,000,000)				(15,000,000)
Net share settlement of incentive equity awards	(1,000,000)			(1,000,000)
Change in deferred compensation	8,000,000			8,000,000
Exercise of stock options	4,000,000			4,000,000
Ending balance, shares at Jun. 30, 2021		94,000,000
Balance as of end of period, value at Jun. 30, 2021	1,060,000,000	$ 1,000,000	(408,000,000)	1,519,000,000	(19,000,000)	(33,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares for restricted stock units vesting	0
Issuance of shares for restricted stock units vesting (shares)		1,000,000
Balance as of beginning of period, shares at Dec. 31, 2021		92,000,000
Balance as of beginning of period, value at Dec. 31, 2021	1,089,000,000	$ 1,000,000	(519,000,000)	1,543,000,000	79,000,000	(15,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	106,000,000				106,000,000
Period change	31,000,000					31,000,000
Dividends	(30,000,000)				(30,000,000)
Stock Repurchased During Period, Value	(38,000,000)		(38,000,000)
Net share settlement of incentive equity awards	(9,000,000)			(9,000,000)
Change in deferred compensation	8,000,000			8,000,000
Exercise of stock options	2,000,000			2,000,000
Ending balance, shares at Mar. 31, 2022		92,000,000
Balance as of end of period, value at Mar. 31, 2022	1,159,000,000	$ 1,000,000	(557,000,000)	1,544,000,000	155,000,000	16,000,000
Balance as of beginning of period, shares at Dec. 31, 2021		92,000,000
Balance as of beginning of period, value at Dec. 31, 2021	1,089,000,000	$ 1,000,000	(519,000,000)	1,543,000,000	79,000,000	(15,000,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	198,000,000
Period change	38,000,000
Ending balance, shares at Jun. 30, 2022		90,000,000
Balance as of end of period, value at Jun. 30, 2022	1,096,000,000	$ 1,000,000	(699,000,000)	1,553,000,000	218,000,000	23,000,000
Balance as of beginning of period, shares at Mar. 31, 2022		92,000,000
Balance as of beginning of period, value at Mar. 31, 2022	1,159,000,000	$ 1,000,000	(557,000,000)	1,544,000,000	155,000,000	16,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	92,000,000				92,000,000
Period change	7,000,000					7,000,000
Dividends	$ (29,000,000)				(29,000,000)
Stock Repurchased During Period, Shares	(2,000,000)
Stock Repurchased During Period, Value	$ (142,000,000)		(142,000,000)
Net share settlement of incentive equity awards	(2,000,000)			(2,000,000)
Change in deferred compensation	9,000,000			9,000,000
Exercise of stock options	2,000,000			2,000,000
Ending balance, shares at Jun. 30, 2022		90,000,000
Balance as of end of period, value at Jun. 30, 2022	$ 1,096,000,000	$ 1,000,000	$ (699,000,000)	$ 1,553,000,000	$ 218,000,000	$ 23,000,000

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION Wyndham Hotels & Resorts, Inc. (collectively with its consolidated subsidiaries, “Wyndham Hotels” or the “Company”) is a leading global hotel franchisor, licensing its renowned hotel brands to hotel owners in over 95 countries around the world. The Condensed Consolidated Financial Statements have been prepared on a stand-alone basis. The Condensed Consolidated Financial Statements include the Company’s assets, liabilities, revenues, expenses and cash flows and all entities in which it has a controlling financial interest. The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All intercompany balances and transactions have been eliminated in the Condensed Consolidated Financial Statements. In presenting the Condensed Consolidated Financial Statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the Condensed Consolidated Financial Statements contain all normal recurring adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These Condensed Consolidated Financial Statements should be read in conjunction with the Company’s 2021 Consolidated Financial Statements included in its most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) and any subsequent reports filed with the SEC. Business Description Wyndham Hotels operates in the following segments: • Hotel Franchising — licenses the Company’s lodging brands and provides related services to third-party hotel owners and others. • Hotel Management — provides hotel management services for full-service hotels.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	2. NEW ACCOUNTING PRONOUNCEMENTS There were no recently issued accounting pronouncements applicable to the Company during the six months ended June 30, 2022.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	4. EARNINGS PER SHARE The computation of basic and diluted earnings per share (“EPS”) is based on net income divided by the basic weighted average number of common shares and diluted weighted average number of common shares, respectively. The following table sets forth the computation of basic and diluted EPS (in millions, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income $ 92 $ 68 $ 198 $ 93 Basic weighted average shares outstanding 91.6 93.6 92.0 93.5 Stock options and restricted stock units (“RSUs”) 0.5 0.5 0.7 0.4 Diluted weighted average shares outstanding 92.1 94.1 92.7 93.9 Earnings per share: Basic $ 1.00 $ 0.73 $ 2.15 $ 0.99 Diluted 1.00 0.73 2.13 0.99 Dividends: Cash dividends declared per share $ 0.32 $ 0.16 $ 0.64 $ 0.32 Aggregate dividends paid to stockholders $ 29 $ 15 $ 59 $ 30 Stock Repurchase Program The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data): Shares Cost Average Price Per Share As of December 31, 2021 9.0 $ 519 $ 57.55 For the six months ended June 30, 2022 2.3 180 76.94 As of June 30, 2022 11.3 $ 699 $ 61.53

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2022
Credit Loss [Abstract]
Accounts Receivable	5. ACCOUNTS RECEIVABLE Allowance for Doubtful Accounts The following table sets forth the activity in the Company’s allowance for doubtful accounts on trade accounts receivables for the six months ended: 2022 2021 Balance as of January 1, $ 81 $ 72 (Recovery of)/provision for doubtful accounts (1) 14 Bad debt write-offs (4) (8) Balance as of June 30, $ 76 $ 78

Assets and Liabilities Held for

Assets and Liabilities Held for Sale	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	6. ASSETS AND LIABILITIES HELD FOR SALE During the fourth quarter of 2021, the Company’s Board approved a plan to sell its two owned hotels. In March and May 2022, the Company completed the sales of its Wyndham Grand Bonnet Creek Resort and Wyndham Grand Rio Mar Resort, respectively. As of June 30, 2022, both sales have been completed, resulting in no assets left held for sale. See Note 15 - Other Expenses and Charges for more information on the sales. The Company’s Condensed Consolidated Balance Sheets include the following with respect to assets and liabilities held for sale: June 30, 2022 December 31, 2021 Assets: Trade receivables, net $ — $ 4 Other current assets — 4 Property and equipment, net — 146 Total assets held for sale $ — $ 154 Liabilities: Accrued expenses and other current liabilities $ — $ 8 Deferred revenues — 6 Other liabilities — 3 Total liabilities held for sale $ — $ 17

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2022
Long-Lived Assets [Abstract]
Long-Lived Assets	7. INTANGIBLE ASSETS Intangible assets as of June 30, 2022 and December 31, 2021 consisted of the following: June 30, 2022 December 31, 2021 Gross (a) Gross Accumulated Net Goodwill $ 1,525 $ 1,539 $ 14 $ 1,525 June 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Unamortized intangible assets: Trademarks $ 1,201 $ 1,201 Amortized intangible assets: Franchise agreements $ 895 $ 526 $ 369 $ 895 $ 513 $ 382 Management agreements 16 15 1 135 44 91 Trademarks 2 1 1 2 1 1 Other — — — 1 1 — $ 913 $ 542 $ 371 $ 1,033 $ 559 $ 474 ______________________ (a) Due to the sale of its two owned hotels in 2022, the Company derecognized $14 million from its gross carrying value and accumulated impairment goodwill balances. In March 2022, the Company completed the exit of its select-service hotel management business and received an $84 million termination fee, under the terms of the agreement with CorePoint Lodging (“CPLG”) which effectively resulted in the sale of the rights to the management contracts which were acquired as part of the La Quinta Holdings purchase in 2018. The termination fee proceeds were completely offset by the write-off of the remaining balance resulting in a full recovery of the

Franchising, Marketing and Rese

Franchising, Marketing and Reservation Activities	6 Months Ended
	Jun. 30, 2022
Franchisors [Abstract]
Franchising and Marketing and Reservation Activities	8. FRANCHISING, MARKETING AND RESERVATION ACTIVITIES Royalties and franchise fee revenues on the Condensed Consolidated Statements of Income include initial franchise fees of $3 million and $4 million for the three months ended June 30, 2022 and 2021, respectively, and $7 million for both the six months ended June 30, 2022 and 2021. In accordance with its franchise agreements, the Company is generally contractually obligated to expend the marketing and reservation fees it collects from franchisees for the operation of an international, centralized, brand-specific reservation system and for marketing purposes such as advertising, promotional and co-marketing programs, and training for the respective franchisees. Development Advance Notes The Company may, at its discretion, provide development advance notes to certain franchisees or hotel owners in order to assist them in converting to one of its brands, in building a new hotel to be flagged under one of its brands or in assisting in other franchisee expansion efforts. Provided the franchisee/hotel owner is in compliance with the terms of the franchise/management agreement, all or a portion of the development advance notes may be forgiven by the Company over the period of the franchise/management agreement, which typically ranges from 10 to 20 years. Otherwise, the related principal is due and payable to the Company. In certain instances, the Company may earn interest on unpaid franchisee development advance notes. The Company’s Condensed Consolidated Financial Statements include the following with respect to development advances: Condensed Consolidated Balance Sheets: June 30, 2022 December 31, 2021 Other non-current assets $ 112 $ 108 Condensed Consolidated Statements of Income: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Forgiveness of notes (a) $ 3 $ 2 $ 6 $ 4 Bad debt expense related to notes — — 1 — ______________________ (a) Amounts are recorded as a reduction of both royalties and franchise fees and marketing, reservation and loyalty revenues on the Condensed Consolidated Statement of Income. Condensed Consolidated Statements of Cash Flows: Six Months Ended June 30, 2022 2021 Payments of development advance notes $ (14) $ (17) Proceeds from development advance notes 1 1 Payments of development advance notes, net $ (13) $ (16)

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	The Company files income tax returns in the U.S. federal and state jurisdictions, as well as in foreign jurisdictions. Through May 31, 2018, the Company was part of a consolidated U.S. federal income tax return and consolidated and combined state returns with Wyndham Worldwide (“former Parent”), now known as Travel + Leisure Co. The Company is no longer subject to U.S. federal income tax examinations for years prior to 2015. The Company is no longer subject to state and local, or foreign, income tax examinations for years prior to 2014. The Company made cash income tax payments, net of refunds, of $45 million and $13 million for the six months ended June 30, 2022 and 2021, respectively. Additionally, the Company had $4 million and $48 million of income tax receivables as of June 30, 2022 and December 31, 2021, respectively, which was reported on other current assets on the Condensed Consolidated Balance Sheets.

Long-Term Debt and Borrowing Ar

Long-Term Debt and Borrowing Arrangements	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt and Borrowing Arrangements	10. LONG-TERM DEBT AND BORROWING ARRANGEMENTS The Company’s indebtedness consisted of: June 30, 2022 December 31, 2021 Long-term debt: (a) Amount Weighted Average Rate (b) Amount Weighted Average Rate (b) $750 million revolving credit facility (due April 2027) $ — $ — Term loan A (due April 2027) 399 3.38% — Term loan B (due May 2025) 1,138 3.56% 1,541 3.07% 4.375% senior unsecured notes (due August 2028) 494 4.38% 493 4.38% Finance leases 47 4.50% 50 4.50% Total long-term debt 2,078 2,084 Less: Current portion of long-term debt 10 21 Long-term debt $ 2,068 $ 2,063 ______________________ (a) The carrying amount of the term loans and senior unsecured notes are net of deferred debt issuance costs of $13 million and $15 million as of June 30, 2022 and December 31, 2021, respectively. (b) Weighted average interest rates are based on period-end balances, including the effects from hedging. Maturities and Capacity The Company’s outstanding debt as of June 30, 2022 matures as follows: Long-Term Debt Within 1 year $ 10 Between 1 and 2 years 26 Between 2 and 3 years 1,167 Between 3 and 4 years 36 Between 4 and 5 years 328 Thereafter 511 Total $ 2,078 As of June 30, 2022, the available capacity under the Company’s revolving credit facility was as follows: Revolving Credit Facility Total capacity $ 750 Less: Letters of credit 9 Available capacity $ 741 Third Amendment to the Credit Agreement On April 8, 2022, the Company entered into the Third Amendment to the Credit Agreement dated May 30, 2018 which amended its original five-year $750 million revolver to extend the term to April 2027. The benchmark rate applicable to the revolver has changed from LIBOR to Secured Overnight Funding Rate (“SOFR”). The amendment also provides for a new senior secured term loan A facility in an aggregate principal amount of $400 million maturing in April 2027, the proceeds of which were used to repay a portion of the existing term loan B facility. The revolver and term loan A are subject to an interest rate equal to, at the Company's option, either (i) a base rate plus a margin ranging from 0.50% to 1.00% or (ii) SOFR, plus a margin ranging from 1.50% to 2.00% and an additional 0.10% SOFR adjustment, in either case based upon the total leverage ratio of the Company and its restricted subsidiaries. The revolver and term loan A are subject to the same prepayment provisions and covenants applicable to the existing revolver and term loan B. The term loan A is subject to quarterly principal payments as follows: (i) 0.0% per year of the initial principal amount during the first year, (ii) 5.0% per year of the initial principal amount payable in equal quarterly installments during the second and third years and (iii) 7.5% per year of the initial principal amount payable in equal quarterly installments during the fourth and fifth years, with final payments of all amounts outstanding, plus accrued interest, being due on the maturity date in April 2027. The interest rate applicable to the term loan B remains unchanged and is equal to, at the Company's option, either a base rate plus a margin of 0.75% or LIBOR plus a margin of 1.75%. As a result of the $400 million term loan B prepayment, the Company is no longer subject to quarterly principal payments on such term loan B. Deferred Debt Issuance Costs The Company classifies deferred debt issuance costs related to its revolving credit facility within other non-current assets on the Condensed Consolidated Balance Sheets. Such deferred debt issuance costs were $4 million and $2 million as of June 30, 2022 and December 31, 2021, respectively. Cash Flow Hedge In 2018, the Company hedged a portion of its $1.6 billion term loan B. The pay-fixed/receive-variable interest rate swaps hedge $1.1 billion of the Company’s term loan interest rate exposure, of which $600 million expires in the second quarter of 2024 and has a weighted average fixed rate of 2.50% and $500 million expires in the fourth quarter of 2024 and has a weighted average fixed rate of 0.99%. The variable rates of the swap agreements are based on one-month LIBOR. The aggregate fair value of these interest rate swaps was an asset of $29 million and a liability of $23 million as of June 30, 2022 and December 31, 2021, respectively, which was included within other non-current assets and non-current liabilities on the Condensed Consolidated Balance Sheets, respectively. The effect of interest rate swaps on interest expense, net on the Condensed Consolidated Statements of Income was $3 million and $6 million of expense for the three months ended June 30, 2022 and 2021, respectively, and $8 million and $13 million of expense for the six months ended June 30, 2022 and 2021, respectively. There was no hedging ineffectiveness recognized in the six months ended June 30, 2022 or 2021. The Company expects to reclassify $14 million of gains from accumulated other comprehensive income (“AOCI”) (loss) to interest expense during the next 12 months. Interest Expense, Net The Company incurred net interest expense of $20 million and $22 million for the three months ended June 30, 2022 and 2021, respectively, and $39 million and $51 million for the six months ended June 30, 2022 and 2021, respectively. Cash paid related to such interest was $38 million and $54 million for the six months ended June 30, 2022 and 2021, respectively. The Company incurred non-cash early extinguishment of debt costs of $2 million in 2022 relating to the credit agreement amendment discussed above and $400 million partial pay down of its term loan B for the three and six months ended June 30, 2022. For the three and six months ended June 30, 2021 the Company incurred costs of $18 million relating to the redemption of its $500 million 5.375% senior unsecured notes redeemed in 2021.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value	11. FAIR VALUE The Company measures its financial assets and liabilities at fair value on a recurring basis and utilizes the fair value hierarchy to determine such fair values. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: Level 1: Quoted prices for identical instruments in active markets. Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value driver is observable. Level 3: Unobservable inputs used when little or no market data is available. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement falls has been determined based on the lowest level input (closest to Level 3) that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The fair value of financial instruments is generally determined by reference to market values resulting from trading on a national securities exchange or in an over-the-counter market. In cases where quoted market prices are not available, fair value is based on estimates using present value or other valuation techniques, as appropriate. The carrying amounts of cash and cash equivalents, trade receivables, accounts payable and accrued expenses and other current liabilities approximate fair value due to the short-term maturities of these assets and liabilities. The carrying amounts and estimated fair values of all other financial instruments are as follows: June 30, 2022 Carrying Amount Estimated Fair Value Debt $ 2,078 $ 1,990 The Company estimates the fair value of its debt using Level 2 inputs based on indicative bids from investment banks or quoted market prices with the exception of finance leases, which are estimated at carrying value. Financial Instruments Changes in interest rates and foreign exchange rates expose the Company to market risk. The Company uses cash flow hedges as part of its overall strategy to manage its exposure to market risks associated with fluctuations in interest rates and foreign currency exchange rates. As a matter of policy, the Company only enters into transactions that it believes will be highly effective at offsetting the underlying risk, and it does not use derivatives for trading or speculative purposes. The Company estimates the fair value of its derivatives using Level 2 inputs. Interest Rate Risk A portion of debt used to finance the Company’s operations is exposed to interest rate fluctuations. The Company uses various hedging strategies and derivative financial instruments to create a desired mix of fixed and floating rate assets and liabilities. Derivative instruments currently used in these hedging strategies include interest rate swaps. The derivatives used to manage the risk associated with the Company’s floating rate debt are derivatives designated as cash flow hedges. See Note 10 - Long-Term Debt and Borrowing Arrangements for the impact of such cash flow hedges. Foreign Currency Risk The Company has foreign currency rate exposure to exchange rate fluctuations worldwide, particularly with respect to the Canadian Dollar, Chinese Yuan, Euro, British Pound, Brazilian Real and Argentine Peso. The Company uses foreign currency forward contracts at various times to manage and reduce the foreign currency exchange rate risk associated with its foreign currency denominated receivables and payables, forecasted royalties and forecasted earnings and cash flows of foreign subsidiaries and other transactions. Gains from freestanding foreign currency exchange contracts were $1 million and not material during the three months ended June 30, 2022 and 2021, respectively. The Company recognized gains of $2 million and losses of $1 million from freestanding foreign currency exchange contracts during the six months ended June 30, 2022 and 2021, respectively. Such gains and losses are included in operating expenses in the Condensed Consolidated Statements of Income. The Company accounts for certain countries as a highly inflationary economy, with its exposure primarily related to Argentina. Foreign currency exchange losses related to Argentina were $1 million and not material during the three months ended June 30, 2022 and 2021, respectively. Foreign currency exchange losses related to Argentina were $2 million and $1 million during the six months ended June 30, 2022 and 2021, respectively. Such losses are included in operating expenses in the Condensed Consolidated Statements of Income. Credit Risk and Exposure The Company is exposed to counterparty credit risk in the event of nonperformance by counterparties to various agreements and sales transactions. The Company manages such risk by evaluating the financial position and creditworthiness of such counterparties and often by requiring collateral in instances in which financing is provided. The Company mitigates counterparty credit risk associated with its derivative contracts by monitoring the amounts at risk with each counterparty to such contracts, periodically evaluating counterparty creditworthiness and financial position, and where possible, dispersing its risk among multiple counterparties.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. COMMITMENTS AND CONTINGENCIES Litigation The Company is involved, at times, in claims, legal and regulatory proceedings and governmental inquiries arising in the ordinary course of its business, including but not limited to: breach of contract, fraud and bad faith claims with franchisees in connection with franchise agreements and with owners in connection with management contracts, as well as negligence, breach of contract, fraud, employment, consumer protection and other statutory claims asserted in connection with alleged acts or occurrences at owned, franchised or managed properties or in relation to guest reservations and bookings. The Company may also at times be involved in claims, legal and regulatory proceedings and governmental inquiries relating to bankruptcy proceedings involving efforts to collect receivables from a debtor in bankruptcy, employment matters, claims of infringement upon third parties’ intellectual property rights, claims relating to information security, privacy and consumer protection, fiduciary duty/trust claims, tax claims, environmental claims and landlord/tenant disputes. Along with many of its competitors, the Company and/or certain of its subsidiaries have been named as defendants in litigation matters filed in state and federal courts, alleging statutory and common law claims related to purported incidents of sex trafficking at certain franchised and managed hotel facilities. These matters are in the pleading or discovery stages at this time. As of June 30, 2022, the Company is aware of approximately 30 pending matters filed naming the Company and/or subsidiaries. Based upon the status of these matters, the Company has not made a determination as to the likelihood of loss of any one of these matters and is unable to estimate a range of losses at this time. The Company records an accrual for legal contingencies when it determines, after consultation with outside counsel, that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In making such determinations, the Company evaluates, among other things, the degree of probability of an unfavorable outcome, and when it is probable that a liability has been incurred, its ability to make a reasonable estimate of loss. The Company reviews these accruals each reporting period and makes revisions based on changes in facts and circumstances, including changes to its strategy in dealing with these matters. The Company believes that it has adequately accrued for such matters with reserves of $6 million as of both June 30, 2022 and December 31, 2021. The Company also had receivables of $2 million and $3 million as of June 30, 2022 and December 31, 2021, respectively, for certain matters which are covered by insurance and were included in other current assets on its Condensed Consolidated Balance Sheets. Litigation is inherently unpredictable and, although the Company believes that its accruals are adequate and/or that it has valid defenses in these matters, unfavorable results could occur. As such, an adverse outcome from such proceedings for which claims are awarded in excess of the amounts accrued, if any, could be material to the Company with respect to earnings and/or cash flows in any given reporting period. As of June 30, 2022, the potential exposure resulting from adverse outcomes of such legal proceedings could, in the aggregate, range up to approximately $5 million in excess of recorded accruals. However, the Company does not believe that the impact of such litigation will result in a material liability to the Company in relation to its combined financial position or liquidity. Guarantees Separation-related guarantees The Company assumed one-third of certain contingent and other corporate liabilities of former Parent incurred prior to the spin-off, including liabilities of former Parent related to, arising out of or resulting from certain terminated or divested businesses, certain general corporate matters of former Parent and any actions with respect to the separation plan or the distribution made or brought by any third party. Former Parent’s Sale of its European Vacation Rentals Business In connection with the sale of the European Vacation Rentals business, the Company was entitled to one-third of the excess of net proceeds from the sale above a pre-set amount. During 2019, the Buyer notified former Parent of certain proposed post-

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	13. STOCK-BASED COMPENSATION The Company has a stock-based compensation plan available to grant non-qualified stock options, incentive stock options, stock-settled appreciation rights (“SSARs”), RSUs, performance-vesting restricted stock units (“PSUs”) and/or other stock-based awards to key employees and non-employee directors. Under the Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan (“Stock Plan”), which became effective on May 14, 2018, a maximum of 10.0 million shares of common stock may be awarded. As of June 30, 2022, 5.1 million shares remained available. During 2022, the Company granted incentive equity awards totaling $27 million to key employees and senior officers in the form of RSUs. The RSUs generally vest ratable over a period of four years based on continuous service. Additionally, the Company approved incentive equity awards to key employees and senior officers in the form of PSUs with a maximum grant value of $12 million. The PSUs generally cliff vest on the third anniversary of the grant date based on continuous service with the number of shares earned (0% to 200% of the target award) depending on the extent of the Company achieving certain performance metrics. Incentive Equity Awards Granted by the Company The activity related to the Company’s incentive equity awards for the six months ended June 30, 2022 consisted of the following: RSUs PSUs Number of Weighted Number Weighted Balance as of December 31, 2021 1.2 $ 60.37 0.3 $ 57.51 Granted (a) 0.3 82.69 0.1 (b) 82.74 Vested (0.4) 58.57 — — Canceled — — (0.1) 52.71 Balance as of June 30, 2022 1.1 (c) $ 67.56 0.3 (d) $ 73.04 ______________________ (a) Represents awards granted by the Company primarily in March 2022. (b) Represents awards granted by the Company at the maximum achievement level of 200% of target payout. Actual shares that may be issued can range from 0% to 200% of target. (c) RSUs outstanding as of June 30, 2022 have an aggregate unrecognized compensation expense of $62 million, which is expected to be recognized over a weighted average period of 2.8 years. (d) PSUs outstanding as of June 30, 2022 have an aggregate maximum potential unrecognized compensation expense of $20 million, which may be recognized over a weighted average period of 2.1 years based on attainment of targets. There were no stock options granted in 2022. The activity related to stock options for the six months ended June 30, 2022 consisted of the following: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (in millions) Outstanding as of December 31, 2021 1.1 $ 56.04 Granted — — Exercised — — Canceled — — Outstanding as of June 30, 2022 1.1 $ 55.85 4.2 $ 10 Unvested as of June 30, 2022 0.4 (a) $ 55.13 4.4 $ 4 Exercisable as of June 30, 2022 0.7 $ 56.24 4.0 $ 6 ______________________ (a) Unvested options as of June 30, 2022 are expected to vest over time and have an aggregate unrecognized compensation expense of $3 million, which will be recognized over a weighted average period of 1.8 years. Stock-Based Compensation Expense Stock-based compensation expense was $9 million and $8 million for the three months ended June 30, 2022 and 2021, respectively, and $17 million and $13 million for the six months ended June 30, 2022 and 2021, respectively.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	14. SEGMENT INFORMATION The reportable segments presented below represent the Company’s operating segments for which separate financial information is available and is utilized on a regular basis by its chief operating decision maker to assess performance and allocate resources. In identifying its reportable segments, the Company also considers the nature of services provided by its operating segments. Management evaluates the operating results of each of its reportable segments based upon net revenues and “adjusted EBITDA”, which is defined as net income/(loss) excluding net interest expense, depreciation and amortization, early extinguishment of debt charges, impairment charges, restructuring and related charges, contract termination costs, transaction-related items (acquisition-, disposition- or separation-related), (gain)/loss on asset sales, foreign currency impacts of highly inflationary countries, stock-based compensation expense, income taxes and development advance notes amortization. The Company believes that adjusted EBITDA is a useful measure of performance for its segments which, when considered with U.S. GAAP measures, allows a more complete understanding of its operating performance. The Company uses this measure internally to assess operating performance, both absolutely and in comparison to other companies, and to make day to day operating decisions, including in the evaluation of selected compensation decisions. The Company’s presentation of adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. Three Months Ended June 30, 2022 2021 Net Revenues Adjusted EBITDA Net Revenues Adjusted EBITDA Hotel Franchising $ 335 $ 185 $ 283 $ 166 Hotel Management 51 6 123 16 Total Reportable Segments 386 191 406 182 Corporate and Other — (16) — (14) Total Company $ 386 $ 175 $ 406 $ 168 The table below is a reconciliation of net income to adjusted EBITDA. Three Months Ended June 30, 2022 2021 Net income $ 92 $ 68 Provision for income taxes 31 25 Depreciation and amortization 17 24 Interest expense, net 20 22 Early extinguishment of debt 2 18 Stock-based compensation expense 9 8 Development advance notes amortization 3 2 Loss/(gain) on asset sales 1 — Separation-related (income)/expenses (1) 1 Foreign currency impact of highly inflationary countries 1 — Adjusted EBITDA $ 175 $ 168 Six Months Ended June 30, 2022 2021 Net Revenues Adjusted EBITDA Net Revenues Adjusted EBITDA Hotel Franchising $ 606 340 $ 492 $ 271 Hotel Management 151 26 217 22 Total Reportable Segments 757 366 709 293 Corporate and Other — (32) — (28) Total Company $ 757 334 $ 709 $ 265 The table below is a reconciliation of net income to adjusted EBITDA. Six Months Ended June 30, 2022 2021 Net income $ 198 $ 93 Provision for income taxes 66 35 Depreciation and amortization 40 47 Interest expense, net 39 51 Early extinguishment of debt 2 18 Stock-based compensation expense 17 13 Development advance notes amortization 6 4 Loss/(gain) on asset sales (35) — Separation-related (income)/expenses (1) 3 Foreign currency impact of highly inflationary countries 2 1 Adjusted EBITDA $ 334 $ 265

Other Expenses and Charges

Other Expenses and Charges	6 Months Ended
	Jun. 30, 2022
Other Expenses [Abstract]
Other Expenses and Charges	15. OTHER EXPENSES AND CHARGES (Gain)/Loss on Asset Sales In March 2022, the Company completed the sale of its Wyndham Grand Bonnet Creek Resort for gross proceeds of $121 million ($118 million, net of transaction costs) and recognized a $35 million gain, net of transaction costs, for the six months ended June 30, 2022, which included a $1 million charge related to post-closing adjustments recorded in the second quarter of 2022. Both amounts were attributable to the Company's hotel management business and were reported within (gain)/loss on asset sales on the Condensed Consolidated Statement of Income. Additionally, the Company entered into a 20 year franchise agreement with the buyer. In May 2022, the Company completed the sale of its Wyndham Grand Rio Mar Resort for gross proceeds of $62 million ($61 million, net of transaction costs). There was no gain or loss on the sale. Additionally, the Company entered into a 20 year franchise agreement with the buyer. Separation-Related The Company recognized separation-related income of $1 million for both the three and six months ended June 30, 2022 associated with the reversal of a reserve resulting from the settlement of an outstanding matter. The Company incurred expense of $1 million and $3 million for the three and six months ended June 30, 2021, respectively, which primarily consisted of legal and tax-related costs.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	16. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) The components of AOCI are as follows: Net of Tax Foreign Currency Translation Adjustments Cash Flow Hedges Accumulated Other Comprehensive Income/(Loss) Balance as of December 31, 2021 $ 2 $ (17) $ (15) Period change — 31 31 Balance as of March 31, 2022 2 14 16 Period change (2) 9 7 Balance as of June 30, 2022 $ — $ 23 $ 23 Net of Tax Balance as of December 31, 2020 $ 2 $ (54) $ (52) Period change — 14 14 Balance as of March 31, 2021 2 (40) (38) Period change 1 4 5 Balance as of June 30, 2021 $ 3 $ (36) $ (33)

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	17. SUBSEQUENT EVENT In April 2022, the Company amended its $750 million revolving credit facility, extending the maturity from May 2023 to April 2027 on similar terms as the previous facility, and issued a new $400 million senior secured term loan A facility, which matures in April 2027. The proceeds from the term loan A were used to repay a portion of the Company's existing $1.5 billion term loan facility, which is scheduled to mature in May 2025. There was no increase in rates from the existing $1.5 billion term loan facility to the new term loan A.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The Condensed Consolidated Financial Statements have been prepared on a stand-alone basis. The Condensed Consolidated Financial Statements include the Company’s assets, liabilities, revenues, expenses and cash flows and all entities in which it has a controlling financial interest.All intercompany balances and transactions have been eliminated in the Condensed Consolidated Financial Statements.
Basis of Accounting	The accompanying Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Use of Estimate	In presenting the Condensed Consolidated Financial Statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates.
Recently Issued and Adopted Accounting Pronouncements	There were no recently issued accounting pronouncements applicable to the Company during the six months ended June 30, 2022.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities	Deferred revenues as of June 30, 2022 and December 31, 2021 are as follows: June 30, 2022 December 31, 2021 Deferred initial franchise fee revenues $ 149 $ 145 Deferred loyalty program revenues 82 76 Deferred other revenues 21 14 Total $ 252 $ 235
Schedule of Performance Obligations	The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below: 7/1/2022 - 6/30/2023 7/1/2023 - 6/30/2024 7/1/2024 - 6/30/2025 Thereafter Total Initial franchise fee revenues $ 16 $ 8 $ 7 $ 118 $ 149 Loyalty program revenues 52 20 8 2 82 Other revenues 15 1 — 5 21 Total $ 83 $ 29 $ 15 $ 125 $ 252
Schedule of Disaggregation of Net Revenues	The table below presents a disaggregation of the Company’s net revenues from contracts with customers by major services and products for each of the Company’s segments: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Hotel Franchising Royalties and franchise fees $ 131 $ 115 $ 232 $ 190 Marketing, reservation and loyalty 145 119 257 204 License and other fees 27 20 46 40 Other 32 29 71 58 Total Hotel Franchising 335 283 606 492 Hotel Management Royalties and franchise fees 2 7 10 10 Owned hotel revenues 13 21 42 34 Management fees 3 9 9 16 Cost reimbursements 32 85 88 155 Other 1 1 2 2 Total Hotel Management 51 123 151 217 Net revenues $ 386 $ 406 $ 757 $ 709

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted EPS	The following table sets forth the computation of basic and diluted EPS (in millions, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income $ 92 $ 68 $ 198 $ 93 Basic weighted average shares outstanding 91.6 93.6 92.0 93.5 Stock options and restricted stock units (“RSUs”) 0.5 0.5 0.7 0.4 Diluted weighted average shares outstanding 92.1 94.1 92.7 93.9 Earnings per share: Basic $ 1.00 $ 0.73 $ 2.15 $ 0.99 Diluted 1.00 0.73 2.13 0.99 Dividends: Cash dividends declared per share $ 0.32 $ 0.16 $ 0.64 $ 0.32 Aggregate dividends paid to stockholders $ 29 $ 15 $ 59 $ 30
Schedule of Stock Repurchase Activity	The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data): Shares Cost Average Price Per Share As of December 31, 2021 9.0 $ 519 $ 57.55 For the six months ended June 30, 2022 2.3 180 76.94 As of June 30, 2022 11.3 $ 699 $ 61.53

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2022
Credit Loss [Abstract]
Accounts Receivable, Allowance for Credit Loss	The following table sets forth the activity in the Company’s allowance for doubtful accounts on trade accounts receivables for the six months ended: 2022 2021 Balance as of January 1, $ 81 $ 72 (Recovery of)/provision for doubtful accounts (1) 14 Bad debt write-offs (4) (8) Balance as of June 30, $ 76 $ 78

Assets and Liabilities Held f_2

Assets and Liabilities Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Disclosure of Long Lived Assets Held-for-sale	The Company’s Condensed Consolidated Balance Sheets include the following with respect to assets and liabilities held for sale: June 30, 2022 December 31, 2021 Assets: Trade receivables, net $ — $ 4 Other current assets — 4 Property and equipment, net — 146 Total assets held for sale $ — $ 154 Liabilities: Accrued expenses and other current liabilities $ — $ 8 Deferred revenues — 6 Other liabilities — 3 Total liabilities held for sale $ — $ 17

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Long-Lived Assets [Abstract]
Schedule of Intangible Assets and Goodwill	Intangible assets as of June 30, 2022 and December 31, 2021 consisted of the following: June 30, 2022 December 31, 2021 Gross (a) Gross Accumulated Net Goodwill $ 1,525 $ 1,539 $ 14 $ 1,525 June 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Unamortized intangible assets: Trademarks $ 1,201 $ 1,201 Amortized intangible assets: Franchise agreements $ 895 $ 526 $ 369 $ 895 $ 513 $ 382 Management agreements 16 15 1 135 44 91 Trademarks 2 1 1 2 1 1 Other — — — 1 1 — $ 913 $ 542 $ 371 $ 1,033 $ 559 $ 474

Long-Term Debt and Borrowing _2

Long-Term Debt and Borrowing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Company's Indebtedness	The Company’s indebtedness consisted of: June 30, 2022 December 31, 2021 Long-term debt: (a) Amount Weighted Average Rate (b) Amount Weighted Average Rate (b) $750 million revolving credit facility (due April 2027) $ — $ — Term loan A (due April 2027) 399 3.38% — Term loan B (due May 2025) 1,138 3.56% 1,541 3.07% 4.375% senior unsecured notes (due August 2028) 494 4.38% 493 4.38% Finance leases 47 4.50% 50 4.50% Total long-term debt 2,078 2,084 Less: Current portion of long-term debt 10 21 Long-term debt $ 2,068 $ 2,063 ______________________ (a) The carrying amount of the term loans and senior unsecured notes are net of deferred debt issuance costs of $13 million and $15 million as of June 30, 2022 and December 31, 2021, respectively. (b) Weighted average interest rates are based on period-end balances, including the effects from hedging.
Schedule of Outstanding Debt Maturities	The Company’s outstanding debt as of June 30, 2022 matures as follows: Long-Term Debt Within 1 year $ 10 Between 1 and 2 years 26 Between 2 and 3 years 1,167 Between 3 and 4 years 36 Between 4 and 5 years 328 Thereafter 511 Total $ 2,078
Schedule of Available Capacity Under Borrowing Arrangements	As of June 30, 2022, the available capacity under the Company’s revolving credit facility was as follows: Revolving Credit Facility Total capacity $ 750 Less: Letters of credit 9 Available capacity $ 741

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair values of all other financial instruments are as follows: June 30, 2022 Carrying Amount Estimated Fair Value Debt $ 2,078 $ 1,990

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Activity Related to Incentive Equity Awards	The activity related to the Company’s incentive equity awards for the six months ended June 30, 2022 consisted of the following: RSUs PSUs Number of Weighted Number Weighted Balance as of December 31, 2021 1.2 $ 60.37 0.3 $ 57.51 Granted (a) 0.3 82.69 0.1 (b) 82.74 Vested (0.4) 58.57 — — Canceled — — (0.1) 52.71 Balance as of June 30, 2022 1.1 (c) $ 67.56 0.3 (d) $ 73.04 ______________________ (a) Represents awards granted by the Company primarily in March 2022. (b) Represents awards granted by the Company at the maximum achievement level of 200% of target payout. Actual shares that may be issued can range from 0% to 200% of target. (c) RSUs outstanding as of June 30, 2022 have an aggregate unrecognized compensation expense of $62 million, which is expected to be recognized over a weighted average period of 2.8 years. (d) PSUs outstanding as of June 30, 2022 have an aggregate maximum potential unrecognized compensation expense of $20 million, which may be recognized over a weighted average period of 2.1 years based on attainment of targets. There were no stock options granted in 2022. The activity related to stock options for the six months ended June 30, 2022 consisted of the following: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (in millions) Outstanding as of December 31, 2021 1.1 $ 56.04 Granted — — Exercised — — Canceled — — Outstanding as of June 30, 2022 1.1 $ 55.85 4.2 $ 10 Unvested as of June 30, 2022 0.4 (a) $ 55.13 4.4 $ 4 Exercisable as of June 30, 2022 0.7 $ 56.24 4.0 $ 6 ______________________ (a) Unvested options as of June 30, 2022 are expected to vest over time and have an aggregate unrecognized compensation expense of $3 million, which will be recognized over a weighted average period of 1.8 years.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Summary of Net Revenues and Adjusted EBITDA by Segment	Three Months Ended June 30, 2022 2021 Net Revenues Adjusted EBITDA Net Revenues Adjusted EBITDA Hotel Franchising $ 335 $ 185 $ 283 $ 166 Hotel Management 51 6 123 16 Total Reportable Segments 386 191 406 182 Corporate and Other — (16) — (14) Total Company $ 386 $ 175 $ 406 $ 168
Reconciliation of Net Income to Adjusted EBITDA	The table below is a reconciliation of net income to adjusted EBITDA. Three Months Ended June 30, 2022 2021 Net income $ 92 $ 68 Provision for income taxes 31 25 Depreciation and amortization 17 24 Interest expense, net 20 22 Early extinguishment of debt 2 18 Stock-based compensation expense 9 8 Development advance notes amortization 3 2 Loss/(gain) on asset sales 1 — Separation-related (income)/expenses (1) 1 Foreign currency impact of highly inflationary countries 1 — Adjusted EBITDA $ 175 $ 168 Six Months Ended June 30, 2022 2021 Net Revenues Adjusted EBITDA Net Revenues Adjusted EBITDA Hotel Franchising $ 606 340 $ 492 $ 271 Hotel Management 151 26 217 22 Total Reportable Segments 757 366 709 293 Corporate and Other — (32) — (28) Total Company $ 757 334 $ 709 $ 265 The table below is a reconciliation of net income to adjusted EBITDA. Six Months Ended June 30, 2022 2021 Net income $ 198 $ 93 Provision for income taxes 66 35 Depreciation and amortization 40 47 Interest expense, net 39 51 Early extinguishment of debt 2 18 Stock-based compensation expense 17 13 Development advance notes amortization 6 4 Loss/(gain) on asset sales (35) — Separation-related (income)/expenses (1) 3 Foreign currency impact of highly inflationary countries 2 1 Adjusted EBITDA $ 334 $ 265

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of AOCI are as follows: Net of Tax Foreign Currency Translation Adjustments Cash Flow Hedges Accumulated Other Comprehensive Income/(Loss) Balance as of December 31, 2021 $ 2 $ (17) $ (15) Period change — 31 31 Balance as of March 31, 2022 2 14 16 Period change (2) 9 7 Balance as of June 30, 2022 $ — $ 23 $ 23 Net of Tax Balance as of December 31, 2020 $ 2 $ (54) $ (52) Period change — 14 14 Balance as of March 31, 2021 2 (40) (38) Period change 1 4 5 Balance as of June 30, 2021 $ 3 $ (36) $ (33)

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries operating in (approximately)	95

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Franchise agreement, revenue recognition period (within)	13 years
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	$ 34	$ 33
Other Current Assets
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	5	5
Other Noncurrent Assets
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	$ 29	$ 28

Revenue Recognition (Contract L

Revenue Recognition (Contract Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 252	$ 235
Deferred initial franchise fee revenues
Disaggregation of Revenue [Line Items]
Contract liabilities	149	145
Deferred loyalty program revenues
Disaggregation of Revenue [Line Items]
Contract liabilities	82	76
Deferred other revenues
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 21	$ 14

Revenue Recognition (Performanc

Revenue Recognition (Performance Obligations) (Details) $ in Millions	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 83
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 16
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 52
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 15
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 29
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 8
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 20
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 1
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 15
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 7
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 8
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 0
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 125
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 118
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 5
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 252
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01 | Initial franchise fee revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 149
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01 | Loyalty program revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 82
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01 | Other revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 21
Remaining performance obligation, period	1 year

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregation of Net Revenues) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Net Revenues	$ 386	$ 406	$ 757	$ 709
Royalties and franchise fees
Disaggregation of Revenue [Line Items]
Net Revenues	133	122	242	200
Marketing, reservation and loyalty
Disaggregation of Revenue [Line Items]
Net Revenues	145	119	257	204
Cost reimbursements
Disaggregation of Revenue [Line Items]
Net Revenues	32	85	88	155
Other
Disaggregation of Revenue [Line Items]
Net Revenues	33	30	73	60
Reportable Segments
Disaggregation of Revenue [Line Items]
Net Revenues	386	406	757	709
Reportable Segments | Hotel Franchising
Disaggregation of Revenue [Line Items]
Net Revenues	335	283	606	492
Reportable Segments | Hotel Franchising | Royalties and franchise fees
Disaggregation of Revenue [Line Items]
Net Revenues	131	115	232	190
Reportable Segments | Hotel Franchising | Marketing, reservation and loyalty
Disaggregation of Revenue [Line Items]
Net Revenues	145	119	257	204
Reportable Segments | Hotel Franchising | License and other fees
Disaggregation of Revenue [Line Items]
Net Revenues	27	20	46	40
Reportable Segments | Hotel Franchising | Other
Disaggregation of Revenue [Line Items]
Net Revenues	32	29	71	58
Reportable Segments | Hotel Management
Disaggregation of Revenue [Line Items]
Net Revenues	51	123	151	217
Reportable Segments | Hotel Management | Royalties and franchise fees
Disaggregation of Revenue [Line Items]
Net Revenues	2	7	10	10
Reportable Segments | Hotel Management | Owned hotel revenues
Disaggregation of Revenue [Line Items]
Net Revenues	13	21	42	34
Reportable Segments | Hotel Management | Management fees
Disaggregation of Revenue [Line Items]
Net Revenues	3	9	9	16
Reportable Segments | Hotel Management | Cost reimbursements
Disaggregation of Revenue [Line Items]
Net Revenues	32	85	88	155
Reportable Segments | Hotel Management | Other
Disaggregation of Revenue [Line Items]
Net Revenues	$ 1	$ 1	$ 2	$ 2

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 92	$ 106	$ 68	$ 24	$ 198	$ 93
Basic weighted average shares outstanding (in shares)	91.6		93.6		92	93.5
Stock Options and restricted stock units (RSUs) (in shares)	0.5		0.5		0.7	0.4
Diluted weighted average shares outstanding (in shares)	92.1		94.1		92.7	93.9
Earnings per share
Basic (in usd per share)	$ 1		$ 0.73		$ 2.15	$ 0.99
Diluted (in usd per share)	1		0.73		2.13	0.99
Cash dividends declared per share (in usd per share)	$ 0.32		$ 0.16		$ 0.64	$ 0.32
Aggregate dividends paid to stockholders	$ 29		$ 15		$ 59	$ 30

Earnings Per Share (Stock Repur

Earnings Per Share (Stock Repurchase Activity) (Details) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Shares
Treasury stock, beginning (in shares) | shares	9
Treasury stock, acquired (in shares) | shares	2.3
Treasury stock, ending (in shares) | shares	11.3
Cost
Treasury stock, cost, beginning | $	$ 519
Treasury stock, cost, acquired | $	180
Treasury stock, cost, ending | $	$ 699
Average Price Per Share
Treasury stock, average price per share, beginning (in usd per share) | $ / shares	$ 57.55
Treasury stock, average price per share, acquired (in usd per share) | $ / shares	76.94
Treasury stock, average price per share, ending (in usd per share) | $ / shares	$ 61.53

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) $ in Millions	Jun. 30, 2022 USD ($)
Earnings Per Share [Abstract]
Share repurchase, remaining availability	$ 302

Accounts Receivable - Narrative

Accounts Receivable - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Credit Loss [Abstract]
Accounts receivable, allowance for credit loss	$ 76	$ 78	$ 76	$ 78	$ 81	$ 72
Income tax benefit	$ 31	$ 25	$ 66	$ 35

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of January 1,	$ 81	$ 72
(Recovery of)/provision for doubtful accounts	(1)	14
Bad debt write-offs	(4)	(8)
Balance as of June 30,	$ 76	$ 78

Assets and Liabilities Held f_3

Assets and Liabilities Held for Sale (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	$ 0	$ 4
Disposal Group, Including Discontinued Operation, Other Assets, Current	0	4
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	0	146
Assets Held-for-sale, Not Part of Disposal Group, Current	0	154
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities	0	8
Disposal Group, Including Discontinued Operation, Deferred Revenue	0	6
Disposal Group, Including Discontinued Operation, Other Liabilities	0	3
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 0	$ 17

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, net		$ 103	$ 106
CorePoint payment for management contract rights [Line Items]	$ 84

Intangible Assets - Schedule of

Intangible Assets - Schedule of Impairment of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Gross	$ 1,525	$ 1,539
Goodwill	$ 1,525	$ 1,525

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Gross	$ 1,525	$ 1,539
Goodwill, Impaired, Accumulated Impairment Loss		14
Goodwill	1,525	1,525
Finite-Lived Intangible Assets, Gross	913	1,033
Finite-Lived Intangible Assets, Accumulated Amortization	542	559
Finite-Lived Intangible Assets, Net	371	474
Goodwill, Written off Related to Sale of Business Unit	14
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	1,201	1,201
Franchise agreements
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	895	895
Finite-Lived Intangible Assets, Accumulated Amortization	526	513
Finite-Lived Intangible Assets, Net	369	382
Management agreements
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	16	135
Finite-Lived Intangible Assets, Accumulated Amortization	15	44
Finite-Lived Intangible Assets, Net	1	91
Trademarks
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2	2
Finite-Lived Intangible Assets, Accumulated Amortization	1	1
Finite-Lived Intangible Assets, Net	1	1
Other
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	0	1
Finite-Lived Intangible Assets, Accumulated Amortization	0	1
Finite-Lived Intangible Assets, Net	$ 0	$ 0

Franchising, Marketing and Re_2

Franchising, Marketing and Reservation Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net Revenues	$ (386)	$ (406)	$ (757)	$ (709)
Bad debt expense related to notes	0	0	1	0
Payments of development advance notes, net			(13)	(16)
Proceeds from Loans			1	1
Payments for Loans			(14)	(17)
Franchisees and hotel owners
Disaggregation of Revenue [Line Items]
Development advance notes	112		$ 112		$ 108
Minimum
Disaggregation of Revenue [Line Items]
Franchise/management agreement term			10 years
Maximum
Disaggregation of Revenue [Line Items]
Franchise/management agreement term			20 years
Forgiveness of note receivable
Disaggregation of Revenue [Line Items]
Net Revenues	3	2	$ 6	4
Franchise
Disaggregation of Revenue [Line Items]
Net Revenues	$ (3)	$ (4)	$ (7)	$ (7)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income taxes paid, net			$ 45	$ 13
Effective tax rate	25.20%	26.90%	25%	27.30%
Income Taxes Receivable	$ 4		$ 4		$ 48

Long-Term Debt and Borrowing _3

Long-Term Debt and Borrowing Arrangements (Schedule of Company's Indebtedness) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Apr. 08, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 2,078		$ 2,084
Less: Current portion of long-term debt	10		21
Long-term debt	$ 2,068		$ 2,063
Finance leases
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	4.50%		4.50%
Finance lease liabilities, noncurrent	$ 47		$ 50
$750 million revolving credit facility (due May 2023)
Debt Instrument [Line Items]
Debt issuance costs	4		2
Line of Credit | $750 million revolving credit facility (due May 2023)
Debt Instrument [Line Items]
Long-term debt	0		0
Long-term Debt | Term loan B (due May 2025)
Debt Instrument [Line Items]
Long-term debt	$ 1,138		$ 1,541
Debt, Weighted Average Interest Rate	3.56%		3.07%
Long-term Debt | Term Loan due 2027
Debt Instrument [Line Items]
Long-term debt	$ 399	$ 400
Debt, Weighted Average Interest Rate	3.38%
Senior Notes | Senior Unsecured Notes due August 2028
Debt Instrument [Line Items]
Long-term debt	$ 494		$ 493
Debt, Weighted Average Interest Rate	4.38%		4.38%
Term loan and senior unsecured notes
Debt Instrument [Line Items]
Debt issuance costs	$ 13		$ 15

Long-Term Debt and Borrowing _4

Long-Term Debt and Borrowing Arrangements (Schedule of Outstanding Debt Maturities) (Details) $ in Millions	Jun. 30, 2022 USD ($)
Debt Disclosure [Abstract]
Within 1 year	$ 10
Between 1 and 2 years	26
Between 2 and 3 years	1,167
Between 3 and 4 years	36
Between 4 and 5 years	328
Thereafter	511
Total	$ 2,078

Long-Term Debt and Borrowing _5

Long-Term Debt and Borrowing Arrangements (Schedule of Available Capacity Under Borrowing Arrangements) (Details) - $750 million revolving credit facility (due May 2023) $ in Millions	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
Total capacity	$ 750
Less: Letters of credit	9
Available capacity	$ 741

Long-Term Debt and Borrowing _6

Long-Term Debt and Borrowing Arrangements (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Apr. 08, 2022	Dec. 31, 2021	May 30, 2018
Debt Instrument [Line Items]
Interest rate cash flow hedge liability at fair value						$ 23,000,000
Gain (loss) on interest rate cash flow hedge ineffectiveness			$ 0
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	$ 14,000,000		14,000,000
Interest expense, net	20,000,000	$ 22,000,000	39,000,000	$ 51,000,000
Interest paid			38,000,000	54,000,000
Interest Rate Cash Flow Hedge Asset at Fair Value	29,000,000		29,000,000
Early extinguishment of debt	2,000,000	18,000,000	2,000,000	18,000,000
Interest Rate Swap
Debt Instrument [Line Items]
Total notional amount	1,100,000,000		1,100,000,000
Interest rate cash flow hedge gain (loss) reclassified to earnings, net	(3,000,000)	$ (6,000,000)	(8,000,000)	$ (13,000,000)
Interest Rate Swap 1
Debt Instrument [Line Items]
Total notional amount	$ 600,000,000		$ 600,000,000
Fixed interest rate on interest rate swap	2.50%		2.50%
Interest Rate Swap 2
Debt Instrument [Line Items]
Total notional amount	$ 500,000,000		$ 500,000,000
Fixed interest rate on interest rate swap	0.99%		0.99%
Senior Unsecured Notes due August 2028 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 494,000,000		$ 494,000,000			493,000,000
Term loan B (due May 2025) | Long-term Debt
Debt Instrument [Line Items]
Debt instrument, face amount							$ 1,600,000,000
Long-term debt	1,138,000,000		1,138,000,000			1,541,000,000
Term Loan due 2027 | Long-term Debt
Debt Instrument [Line Items]
Long-term debt	399,000,000		399,000,000		$ 400,000,000
$750 million revolving credit facility (due May 2023)
Debt Instrument [Line Items]
Debt issuance costs	4,000,000		4,000,000			$ 2,000,000
Total capacity	$ 750,000,000		$ 750,000,000

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) on foreign currency derivatives recorded in earnings	$ 1	$ 0	$ 2	$ (1)
Translation Adjustment Functional to Reporting Currency, Increase (Decrease), Gross of Tax	1	$ 0	2	$ 1
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	2,078		2,078
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 1,990		$ 1,990

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Litigation reserves		$ 6	$ 6
Litigation receivable covered by insurance		2	3
Accrued expenses and other current liabilities		261	258
Sale of European Vacation Rentals Business | Affiliated Entity
Loss Contingencies [Line Items]
Accrued expenses and other current liabilities		2	$ 2
Related Party Transaction, Post Closing-Adjustment to Reduce Net Consideration	$ 44
Former Parent's Post-Closing Adjustment		7
Maximum
Loss Contingencies [Line Items]
Range of possible loss, portion not accrued (up to)		$ 5

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	May 14, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of awards granted		$ 0
Stock-based compensation expense	$ 9,000,000	8,000,000
Restricted Stock Units (RSUs) [Member] | Key employees and senior officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of awards granted			$ 27,000,000
Performance Shares | Key employees and senior officers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum value of awards authorized for grant			$ 12,000,000
Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares approved (in shares)					10
Remaining shares available (in shares)	5.1		5.1
Stock-based compensation expense	$ 9,000,000	$ 8,000,000	$ 17,000,000	$ 13,000,000

Stock-Based Compensation (Incen

Stock-Based Compensation (Incentive Equity Awards Activity) (Details) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
RSUs
Number of RSUs
Beginning balance (in shares) | shares	1.2
Granted (in shares) | shares	0.3
Vested/exercised (in shares) | shares	(0.4)
Canceled (in shares) | shares	0
Ending balance (in shares) | shares	1.1
Weighted Average Grant Price
Beginning balance (in dollars per share) | $ / shares	$ 60.37
Granted (in dollars per share) | $ / shares	82.69
Vested/exercised (in dollars per share) | $ / shares	58.57
Canceled (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 67.56
Weighted Average Exercise Price
Aggregate unrecognized compensation expense | $	$ 62
Compensation expense not yet recognized, weighted average period	2 years 9 months 18 days
Performance Shares
Number of RSUs
Beginning balance (in shares) | shares	0.3
Granted (in shares) | shares	0.1
Ending balance (in shares) | shares	0.3
Weighted Average Grant Price
Beginning balance (in dollars per share) | $ / shares	$ 57.51
Granted (in dollars per share) | $ / shares	82.74
Ending balance (in dollars per share) | $ / shares	$ 73.04
Weighted Average Exercise Price
Aggregate unrecognized compensation expense | $	$ 20
Compensation expense not yet recognized, weighted average period	2 years 1 month 6 days
Options
Number of Options
Beginning balance (in shares) | shares	1.1
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Forfeited (in shares) | shares	0
Ending balance (in shares) | shares	1.1
Weighted Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 56.04
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	0
Canceled (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 55.85
Unvested options outstanding | shares	0.4
Options exercisable | shares	0.7
Unvested options weighted average exercise price (in dollars per share) | $ / shares	$ 55.13
Exercisable options weighted average exercise price (in dollars per share) | $ / shares	$ 56.24
Weighted average remaining contractual term, outstanding	4 years 2 months 12 days
Weighted average remaining contractual term, unvested	4 years 4 months 24 days
Weighted average remaining contractual term, exercisable	4 years
Aggregate Intrinsic Value, Outstanding | $	$ 10
Aggregate Intrinsic Value, Unvested | $	4
Aggregate Intrinsic Value, Exercisable | $	6
Aggregate unrecognized compensation expense | $	$ 3
Compensation expense not yet recognized, weighted average period	1 year 9 months 18 days

Segment Information (Summary of

Segment Information (Summary of Net Revenues and Adjusted EBITDA by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net Revenues	$ 386	$ 406	$ 757	$ 709
Adjusted EBITDA	175	168	334	265
Reportable Segments
Segment Reporting Information [Line Items]
Net Revenues	386	406	757	709
Adjusted EBITDA	191	182	366	293
Reportable Segments | Hotel Franchising
Segment Reporting Information [Line Items]
Net Revenues	335	283	606	492
Adjusted EBITDA	185	166	340	271
Reportable Segments | Hotel Management
Segment Reporting Information [Line Items]
Net Revenues	51	123	151	217
Adjusted EBITDA	6	16	26	22
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Net Revenues	0	0	0	0
Adjusted EBITDA	$ (16)	$ (14)	$ (32)	$ (28)

Segment Information (Reconcilia

Segment Information (Reconciliation of Net Income to Adjusted EBITDA) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net income	$ 92	$ 106	$ 68	$ 24	$ 198	$ 93
Provision for income taxes	31		25		66	35
Depreciation and amortization	17		24		40	47
Interest expense, net	20		22		39	51
Stock-based compensation expense	9		8
Severance Costs	(1)		1
Translation Adjustment Functional to Reporting Currency, Increase (Decrease), Gross of Tax	1		0		2	1
Net Revenues	(386)		(406)		(757)	(709)
Adjusted EBITDA	175		168		334	265
Loss/(gain) on asset sales	1		0		(35)	0
Early extinguishment of debt	2		18		2	18
Other Restructuring Costs					(1)	3
Forgiveness of note receivable
Segment Reporting Information [Line Items]
Net Revenues	3		2		6	4
Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan
Segment Reporting Information [Line Items]
Stock-based compensation expense	$ 9		$ 8		17	13
Nonseparation related | Wyndham Hotels & Resorts, Inc. 2018 Equity and Incentive Plan
Segment Reporting Information [Line Items]
Stock-based compensation expense					$ 17	$ 13

Other Expenses and Charges - Na

Other Expenses and Charges - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Separation-related (income)/expenses	$ (1)	$ 1	$ (1)	$ 3
Proceeds from Sale of Productive Assets		0	263
Loss/(gain) on asset sales	1	$ 0	(35)	$ 0
Wyndham Grand Bonnet Creek Resort Sale
Restructuring Cost and Reserve [Line Items]
Proceeds from Sale of Productive Assets			118
Proceeds from Sale of Productive Assets, Gross [Line Items]			$ 121
Wyndham Grand Rio Mar Resort Sale
Restructuring Cost and Reserve [Line Items]
Proceeds from Sale of Productive Assets	61
Proceeds from Sale of Productive Assets, Gross [Line Items]	$ 62

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning of period, value	$ 1,159	$ 1,089	$ 991	$ 963	$ 1,089	$ 963
Balance as of beginning of period	16	(15)	(38)	(52)	(15)	(52)
Period change	(2)	0	1	0	(2)	2
Period change	9	31	4	14	40	17
Period change	7	31	5	14	38	19
Balance as of end of period	23	16	(33)	(38)	23	(33)
Balance as of end of period, value	1,096	1,159	1,060	991	1,096	1,060
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning of period, value	2	2	2	2	2	2
Balance as of end of period, value	0	2	3	2	0	3
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of beginning of period, value	14	(17)	(40)	(54)	(17)	(54)
Balance as of end of period, value	$ 23	$ 14	$ (36)	$ (40)	$ 23	$ (36)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jun. 30, 2022	Apr. 08, 2022	Dec. 31, 2021	May 30, 2018
$750 million revolving credit facility (due May 2023)
Subsequent Event [Line Items]
Total capacity	$ 750,000,000
Term loan B (due May 2025) | Long-term Debt
Subsequent Event [Line Items]
Long-term debt	1,138,000,000		$ 1,541,000,000
Debt instrument, face amount				$ 1,600,000,000
Term Loan due 2027 | Long-term Debt
Subsequent Event [Line Items]
Long-term debt	$ 399,000,000	$ 400,000,000