Quarterly report [Sections 13 or 15(d)]

Revenue Recognition (Tables)

v3.26.1
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of June 30, 2026 and December 31, 2025 are as follows:
June 30, 2026 December 31, 2025
Deferred initial franchise fee revenues
$ 155  $ 151 
Deferred loyalty program revenues
108  91 
Deferred co-branded credit card program revenues
91  98 
Deferred other revenues
17  14 
Total
$ 371  $ 354 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
7/1/2026 - 6/30/2027 7/1/2027 - 6/30/2028 7/1/2028 - 6/30/2029

Thereafter

Total
Initial franchise fee revenues
$ 18  $ 14  $ $ 114  $ 155 
Loyalty program revenues
69  28  108 
Co-branded credit card program revenues
48  14  12  17  91 
Other revenues
12  17 
Total
$ 147  $ 57  $ 31  $ 136  $ 371 
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:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Royalties and franchise fees
$ 139  $ 147  $ 253  $ 272 
Marketing and reservation fees 122  140  220  238 
Loyalty revenue 23  25  47  43 
Management fees
Owned hotel revenues —  — 
License and other fees 32  33  62  60 
Partnership fees (a)
28  24  62  47 
Other revenue 26  26  49  48 
Net revenues
$ 375  $ 397  $ 702  $ 713 
______________________
(a)    Partnership fees are related to third-party partnership agreements, including the Company's co-branded credit card program. Such fees were previously reported within other revenue as it relates to this table.