Quarterly report [Sections 13 or 15(d)]

Revenue Recognition (Tables)

v3.26.3
Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of September 30, 2026 and December 31, 2025 are as follows:
September 30, 2026 December 31, 2025
Deferred initial franchise fee revenues
$ 152  $ 151 
Deferred loyalty program revenues
120  91 
Deferred co-branded credit card program revenues
64  98 
Deferred other revenues
18  14 
Total
$ 354  $ 354 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
10/1/2026 - 9/30/2027 10/1/2027 - 9/30/2028 10/1/2028 - 9/30/2029

Thereafter

Total
Initial franchise fee revenues
$ 17  $ 15  $ 9  $ 111  $ 152 
Loyalty program revenues
75  32  11  2  120 
Co-branded credit card program revenues
30  11  11  12  64 
Other revenues
13  1  1  3  18 
Total
$ 135  $ 59  $ 32  $ 128  $ 354 
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 September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Royalties and franchise fees
$ 156  $ 147  $ 409  $ 420 
Marketing and reservation fees 135  128  355  365 
Loyalty revenue 23  21  71  66 
Management fees
2  2  6  7 
Owned hotel revenues 6  —  10  — 
License and other fees 36  35  97  95 
Partnership fees (a)
27  24  88  71 
Other revenue 25  25  76  71 
Net revenues
$ 410  $ 382  $ 1,112  $ 1,095 
______________________
(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.