Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.22.0.1
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities
Schedule of Performance Obligations
Performance Obligations
A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. The consideration received from a customer is allocated to each distinct performance obligation and recognized as revenue when, or as, each performance obligation is satisfied. The following table summarizes the Company’s remaining performance obligations for the years set forth below:
2022 2023 2024
Thereafter
Total
Initial franchise fee revenues
 $ 16  $ 8  $ 7  $ 114  $ 145 
Loyalty program revenues
 47  20  7  2  76 
Other revenues
 7  1  1  5  14 
Total
 $ 70  $ 29  $ 15  $ 121  $ 235 
Schedule of Disaggregation of Net Revenues
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:
Year Ended December 31,
2021 2020 2019
Hotel Franchising
Royalties and franchise fees
 $ 436  $ 309  $ 465 
Marketing, reservation and loyalty
 467  369  559 
License and other fees
 79  84  131 
Other
 117  101  124 
Total Hotel Franchising
 1,099  863  1,279 
Hotel Management
Royalties and franchise fees
 25  19  15 
Marketing, reservation and loyalty
 1  1  3 
Owned hotel revenues
 82  37  89 
Management fees (a)
35  27  36 
Cost reimbursements
 320  350  623 
Other
 3  3  2 
Total Hotel Management
 466  437  768 
Corporate and Other
 —  —  6 
Net revenues
 $ 1,565  $ 1,300  $ 2,053