Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.22.1
Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of March 31, 2022 and December 31, 2021 are as follows:
March 31, 2022 December 31, 2021
Deferred initial franchise fee revenues
 $ 149  $ 145 
Deferred loyalty program revenues
 79  76 
Deferred co-branded credit card program revenues
 11  — 
Deferred other revenues
 14  14 
Total
 $ 253  $ 235 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
4/1/2022 - 3/31/2023 4/1/2023 - 3/31/2024 4/1/2024 - 3/31/2025

Thereafter

Total
Initial franchise fee revenues
 $ 16  $ 8  $ 7  $ 118  $ 149 
Loyalty program revenues
 49  20  8  2  79 
Co-branded credit card program revenues
 11  —  —  —  11 
Other revenues
 8  1  1  4  14 
Total
 $ 84  $ 29  $ 16  $ 124  $ 253 
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 March 31,
2022 2021
Hotel Franchising
Royalties and franchise fees
 $ 103  $ 75 
Marketing, reservation and loyalty
 111  85 
License and other fees
 19  20 
Other
 39  29 
Total Hotel Franchising
 272  209 
Hotel Management
Royalties and franchise fees
 7  3 
Owned hotel revenues
 30  13 
Management fees
 5  6 
Cost reimbursements
 55  71 
Other
 2  1 
Total Hotel Management
 99  94 
Net revenues
 $ 371  $ 303