Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.20.2
Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of September 30, 2020 and December 31, 2019 are as follows:
September 30, 2020 December 31, 2019
Deferred initial franchise fee revenues
 $ 137  $ 136 
Deferred loyalty program revenues
 75  86 
Deferred co-branded credit card program revenues
 6  34 
Deferred hotel management fee revenues
 1  — 
Deferred other revenues
 20  27 
Total
 $ 239  $ 283 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
10/1/2020 - 9/30/2021 10/1/2021 - 9/30/2022 10/1/2022 - 9/30/2023

Thereafter

Total
Initial franchise fee revenues
 $ 22  $ 9  $ 8  $ 98  $ 137 
Loyalty program revenues
 39  23  11  2  75 
Co-branded credit card program revenues
 6  —  —  —  6 
Hotel management fee revenues
 1  —  —  —  1 
Other revenues
 10  2  1  7  20 
Total
 $ 78  $ 34  $ 20  $ 107  $ 239 
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 September 30, Nine Months Ended September 30,
2020 2019 2020 2019
Hotel Franchising
Royalties and franchise fees
 $ 91  $ 136  $ 234  $ 359 
Marketing, reservation and loyalty
 99  166  287  418 
License and other fees
 21  35  63  97 
Other
 25  42  77  105 
Total Hotel Franchising
 236  379  661  979 
Hotel Management
Royalties and franchise fees
 5  4  16  9 
Marketing, reservation and loyalty
 —  1  1  3 
Owned hotel revenues
 5  18  29  67 
Management fees (a)
7  (6) 21  21 
Cost reimbursements
 82  161  274  476 
Other
 2  2  2  2 
Total Hotel Management
 101  180  343  578 
Corporate and Other
 —  1  —  4 
Net revenues
 $ 337  $ 560  $ 1,004  $ 1,561