Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.22.2.2
Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of September 30, 2022 and December 31, 2021 are as follows:
September 30, 2022 December 31, 2021
Deferred initial franchise fee revenues
 $ 141  $ 145 
Deferred loyalty program revenues
 86  76 
Deferred other revenues
 18  14 
Total
 $ 245  $ 235 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
10/1/2022 - 9/30/2023 10/1/2023 - 9/30/2024 10/1/2024 - 9/30/2025

Thereafter

Total
Initial franchise fee revenues
 $ 16  $ 8  $ 7  $ 110  $ 141 
Loyalty program revenues
 54  21  9  2  86 
Other revenues
 12  1  1  4  18 
Total
 $ 82  $ 30  $ 17  $ 116  $ 245 
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 September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Hotel Franchising
Royalties and franchise fees
 $ 148  $ 137  $ 381  $ 327 
Marketing, reservation and loyalty
 159  149  416  353 
License and other fees
 28  20  74  60 
Other
 32  31  103  89 
Total Hotel Franchising
 367  337  974  829 
Hotel Management
Royalties and franchise fees
 4  7  13  17 
Owned hotel revenues
 —  23  42  57 
Management fees
 3  9  12  25 
Cost reimbursements
 32  86  119  242 
Other
 1  1  4  3 
Total Hotel Management
 40  126  190  344 
Net revenues
 $ 407  $ 463  $ 1,164  $ 1,173