Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.22.4
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of December 31, 2022 and December 31, 2021 are as follows:
December 31, 2022 December 31, 2021
Deferred initial franchise fee revenues
 $ 143  $ 145 
Deferred loyalty program revenues
 85  76 
Deferred other revenues
 19  14 
Total
 $ 247  $ 235 
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:
2023 2024 2025
Thereafter
Total
Initial franchise fee revenues
 $ 15  $ 8  $ 7  $ 113  $ 143 
Loyalty program revenues
 54  21  8  2  85 
Other revenues
 14  1  1  3  19 
Total
 $ 83  $ 30  $ 16  $ 118  $ 247 
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,
2022 2021 2020
Hotel Franchising
Royalties and franchise fees
 $ 496  $ 436  $ 309 
Marketing, reservation and loyalty
 543  467  369 
License and other fees
 100  79  84 
Other
 138  117  101 
Total Hotel Franchising
 1,277  1,099  863 
Hotel Management
Royalties and franchise fees
 16  25  19 
Marketing, reservation and loyalty
 1  1  1 
Owned hotel revenues
 42  82  37 
Management fees
 15  35  27 
Cost reimbursements
 144  320  350 
Other
 3  3  3 
Total Hotel Management
 221  466  437 
Net revenues
 $ 1,498  $ 1,565  $ 1,300