Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.21.1
Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of March 31, 2021 and December 31, 2020 are as follows:
March 31, 2021 December 31, 2020
Deferred initial franchise fee revenues
 $ 140  $ 136 
Deferred loyalty program revenues
 75  75 
Deferred co-branded credit card program revenues
 5  — 
Deferred other revenues
 18  18 
Total
 $ 238  $ 229 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
4/1/2021 - 3/31/2022 4/1/2022 - 3/31/2023 4/1/2023 - 3/31/2024

Thereafter

Total
Initial franchise fee revenues
 $ 22  $ 9  $ 8  $ 101  $ 140 
Loyalty program revenues
 41  23  9  2  75 
Co-branded credit card program revenues
 5  —  —  —  5 
Other revenues
 10  1  1  6  18 
Total
 $ 78  $ 33  $ 18  $ 109  $ 238 
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 March 31,
2021 2020
Hotel Franchising
Royalties and franchise fees
 $ 75  $ 84 
Marketing, reservation and loyalty
 85  106 
License and other fees
 20  21 
Other
 29  32 
Total Hotel Franchising
 209  243 
Hotel Management
Royalties and franchise fees
 3  8 
Owned hotel revenues
 13  22 
Management fees
 6  10 
Cost reimbursements
 71  126 
Other
 1  1 
Total Hotel Management
 94  167 
Net revenues
 $ 303  $ 410