Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of March 31, 2024 and December 31, 2023 are as follows:
March 31, 2024 December 31, 2023
Deferred initial franchise fee revenues
 $ 141  $ 145 
Deferred loyalty program revenues
 93  95 
Deferred co-branded credit card program revenues
 28  3 
Deferred other revenues
 19  15 
Total
 $ 281  $ 258 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
4/1/2024 - 3/31/2025 4/1/2025 - 3/31/2026 4/1/2026 - 3/31/2027

Thereafter

Total
Initial franchise fee revenues
 $ 16  $ 8  $ 7  $ 110  $ 141 
Loyalty program revenues
 59  23  9  2  93 
Co-branded credit card program revenues
 28  —  —  —  28 
Other revenues
 14  1  1  3  19 
Total
 $ 117  $ 32  $ 17  $ 115  $ 281 
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:
Three Months Ended March 31,
2024 2023
Royalties and franchise fees
 $ 116  $ 121 
Marketing and reservation fees 97  99 
Loyalty revenue 20  21 
Management and other fees
 2  3 
License and other fees 26  23 
Cost reimbursements
 1  5 
Other revenue 43  41 
Net revenues
 $ 305  $ 313