Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.19.3.a.u2
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities
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 twelve-month periods set forth below:
 
2020
 
2021
 
2022
 
Thereafter
 
Total
Initial franchise fee revenue
$
29

 
$
15

 
$
14

 
$
78

 
$
136

Loyalty program revenue
53

 
21

 
9

 
3

 
86

Co-branded credit card program revenue
34

 
—

 
—

 
—

 
34

Other revenue
16

 
3

 
2

 
6

 
27

Total
$
132

 
$
39

 
$
25

 
$
87

 
$
283


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,
 
2019
 
2018
 
2017
Hotel Franchising
 
 
 
 
 
Royalties and franchise fees
$
465

 
$
432

 
$
355

Marketing, reservation and loyalty
559

 
489

 
369

License and other revenues from former Parent
131

 
111

 
75

Other
124

 
103

 
98

Total Hotel Franchising
1,279

 
1,135

 
897

 
 
 
 
 
 
Hotel Management
 
 
 
 
 
Royalties and franchise fees
15

 
9

 
9

Marketing, reservation and loyalty
3

 
2

 
2

Hotel management - owned properties
89

 
75

 
78

Hotel management - managed properties
36

 
49

 
30

Cost reimbursements
623

 
586

 
264

Other
2

 
5

 
—

Total Hotel Management
768

 
726

 
383

 
 
 
 
 
 
Corporate and Other
6

 
7

 
—

 
 
 
 
 
 
Net revenues
$
2,053

 
$
1,868

 
$
1,280