Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.20.4
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2020
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 years set forth below:
2021 2022 2023
Thereafter
Total
Initial franchise fee revenues
 $ 21  $ 9  $ 9  $ 97  $ 136 
Loyalty program revenues
 40  23  10  2  75 
Hotel management fee revenue
 1  —  —  —  1 
Other revenues
 9  1  1  6  17 
Total
 $ 71  $ 33  $ 20  $ 105  $ 229 
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,
2020 2019 2018
Hotel Franchising
Royalties and franchise fees
 $ 309  $ 465  $ 432 
Marketing, reservation and loyalty
 369  559  489 
License and other fees
 84  131  111 
Other
 101  124  103 
Total Hotel Franchising
 863  1,279  1,135 
Hotel Management
Royalties and franchise fees
 19  15  9 
Marketing, reservation and loyalty
 1  3  2 
Owned hotel revenues
 37  89  75 
Management fees (a)
27  36  49 
Cost reimbursements
 350  623  586 
Other
 3  2  5 
Total Hotel Management
 437  768  726 
Corporate and Other
 —  6  7 
Net revenues
 $ 1,300  $ 2,053  $ 1,868