Wyndham Hotels & Resorts, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Contract liabilities as of June 30, 2018 and December 31, 2017 are as follows:



	June 30, 2018		December 31, 2017
Deferred initial franchise fee revenue	$	127	$	116
Deferred loyalty program revenue	59		54
Deferred co-branded credit card programs revenue	12		37
Deferred hotel management fee revenue	23		19
Deferred other revenue	20		22
Total	$	241	$	248

Schedule of Performance Obligations

The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:



	7/1/2018- 6/30/2019		7/1/2019- 6/30/2020		7/1/2020- 6/30/2021		Thereafter		Total
Initial franchise fee revenue	$	30	$	9	$	8	$	80	$	127
Loyalty program revenue	37		15		6		1		59
Co-branded credit card programs revenue	12		—		—		—		12
Hotel management fee revenue	2		—		1		20		23
Other revenue	16		1		1		2		20
Total	$	97	$	25	$	16	$	103	$	241

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				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Hotel Franchising
Royalties and franchise fees	$	110	$	93	$	189	$	166
Marketing, reservation and loyalty	124		96		207		173
License and other revenues from former Parent	25		20		43		36
Other	30		24		52		49
Total Hotel Franchising	289		233		491		424

Hotel Management
Owned	19		21		42		44
Managed	9		6		16		12
Royalties and franchise fees	3		2		6		4
Cost reimbursements	114		69		180		136
Other	1		—		2		—
Total Hotel Management	146		98		246		196

Net Revenues	$	435	$	331	$	737	$	620