Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.21.2
Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Liabilities Deferred revenues as of September 30, 2021 and December 31, 2020 are as follows:
September 30, 2021 December 31, 2020
Deferred initial franchise fee revenues
 $ 146  $ 136 
Deferred loyalty program revenues
 78  75 
Deferred other revenues
 19  18 
Total
 $ 243  $ 229 
Schedule of Performance Obligations The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:
10/1/2021 - 9/30/2022 10/1/2022 - 9/30/2023 10/1/2023 - 9/30/2024

Thereafter

Total
Initial franchise fee revenues
 $ 22  $ 8  $ 7  $ 109  $ 146 
Loyalty program revenues
 46  22  8  2  78 
Other revenues
 11  1  1  6  19 
Total
 $ 79  $ 31  $ 16  $ 117  $ 243 
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,
2021 2020 2021 2020
Hotel Franchising
Royalties and franchise fees
 $ 137  $ 91  $ 327  $ 234 
Marketing, reservation and loyalty
 149  99  353  287 
License and other fees
 20  21  60  63 
Other
 31  25  89  77 
Total Hotel Franchising
 337  236  829  661 
Hotel Management
Royalties and franchise fees
 7  5  17  16 
Marketing, reservation and loyalty
 —  —  —  1 
Owned hotel revenues
 23  5  57  29 
Management fees
 9  7  25  21 
Cost reimbursements
 86  82  242  274 
Other
 1  2  3  2 
Total Hotel Management
 126  101  344  343 
Net revenues
 $ 463  $ 337  $ 1,173  $ 1,004