Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.23.1
Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of March 31, 2023 and December 31, 2022 are as follows:
March 31, 2023 December 31, 2022
Deferred initial franchise fee revenues
 $ 143  $ 143 
Deferred loyalty program revenues
 87  85 
Deferred co-branded credit card program revenues
 11  — 
Deferred other revenues
 29  19 
Total
 $ 270  $ 247 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
4/1/2023 - 3/31/2024 4/1/2024 - 3/31/2025 4/1/2025 - 3/31/2026

Thereafter

Total
Initial franchise fee revenues
 $ 16  $ 8  $ 7  $ 112  $ 143 
Loyalty program revenues
 54  22  9  2  87 
Co-branded credit card program revenues
 11  —  —  —  11 
Other revenues
 23  1  1  4  29 
Total
 $ 104  $ 31  $ 17  $ 118  $ 270 
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,
2023 2022
Hotel Franchising (a)
Royalties and franchise fees
 $ 121  $ 103 
Marketing, reservation and loyalty
 120  111 
Management fees 3  — 
License and other fees
 23  19 
Cost reimbursements 5  — 
Other
 41  39 
Total Hotel Franchising
 313  272 
Hotel Management
Royalties and franchise fees
 n/a 7 
Owned hotel revenues
 n/a 30 
Management fees
 n/a 5 
Cost reimbursements
 n/a 55 
Other
 n/a 2 
Total Hotel Management
 n/a 99 
Net revenues
 $ 313  $ 371 
______________________
(a)    For 2023, the Hotel Franchising segment includes the former Hotel Management segment, which is primarily comprised of the Company's remaining international full-service managed business.