Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.21.2
Revenue Recognition (Tables)
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of June 30, 2021 and December 31, 2020 are as follows:
June 30, 2021 December 31, 2020
Deferred initial franchise fee revenues
 $ 143  $ 136 
Deferred loyalty program revenues
 76  75 
Deferred other revenues
 21  18 
Total
 $ 240  $ 229 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
7/1/2021 - 6/30/2022 7/1/2022 - 6/30/2023 7/1/2023 - 6/30/2024

Thereafter

Total
Initial franchise fee revenues
 $ 23  $ 9  $ 8  $ 103  $ 143 
Loyalty program revenues
 44  22  8  2  76 
Other revenues
 13  1  1  6  21 
Total
 $ 80  $ 32  $ 17  $ 111  $ 240 
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,
2021 2020 2021 2020
Hotel Franchising
Royalties and franchise fees
 $ 115  $ 59  $ 190  $ 144 
Marketing, reservation and loyalty
 119  82  204  187 
License and other fees
 20  21  40  42 
Other
 29  20  58  52 
Total Hotel Franchising
 283  182  492  425 
Hotel Management
Royalties and franchise fees
 7  2  10  10 
Marketing, reservation and loyalty
 —  —  —  1 
Owned hotel revenues
 21  2  34  23 
Management fees
 9  4  16  15 
Cost reimbursements
 85  66  155  192 
Other
 1  2  2  1 
Total Hotel Management
 123  76  217  242 
Net revenues
 $ 406  $ 258  $ 709  $ 667