
4.	Revenue

Substantially all of our operating results represent revenues and expenses generated by property-level operations. The majority of customers make payments when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent receipt of payment, we have no significant performance obligations outstanding at quarter end. We collect sales, use, occupancy and similar taxes at our hotels, which we present on a net basis (excluded from revenues) on our statements of operations. Revenues are recognized when the performance obligations have been met, as follows:

Income statement line item		Recognition method
Rooms revenues		Rooms revenues represent revenues from the occupancy of our hotel rooms and are driven by the occupancy and average daily rate charged. Rooms revenues do not include ancillary services or fees charged. The contracts for room stays with customers generally are very short term in duration and revenues are recognized over time during the course of the hotel stay.
Food & beverage revenues		Food & beverage (“F&B”) revenues consist of revenue from group functions, which may include banquet revenue and audio-visual revenue, as well as outlet revenue from the restaurants and lounges at our properties. Revenues are recognized at a point in time as the services or products are provided. Our hotels may employ third parties to provide certain services at the property, for example, audio and visual services. We evaluate each of these contracts to determine if the hotel is the principal or the agent in the transaction and record the revenues as appropriate (i.e. gross vs. net).
Other revenues		Other revenues consist of ancillary revenue at the property, including attrition and cancelation fees, golf courses, resort and destination fees, spas, entertainment and other guest services, as well as rental revenue; primarily consisting of leased retail outlets. Attrition and cancelation fees are recognized at a point in time for non-cancelable deposits when the customer provides notification of cancelation or is a no-show for the specified date, whichever comes first.

Disaggregation of Revenues. While we do not consider the following division by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 10 – Geographic Information.

By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions):

	Quarter ended June 30,				Year-to-date ended June 30,
Location	2018		2017		2018		2017
New York	$	206	$	211	$	367	$	361
San Diego		133		126		266		263
San Francisco/San Jose		135		103		242		207
Washington, D.C. (Central Business District "CBD")		108		105		181		194
Florida Gulf Coast		81		67		179		154
Maui/Oahu		96		71		177		145
Phoenix		77		62		174		160
Boston		91		94		145		148
Orlando		56		53		126		117
Los Angeles		48		50		95		88
Chicago		57		57		87		84
Atlanta		40		42		82		85
Northern Virginia		45		56		81		100
Houston		31		30		63		63
Seattle		36		35		61		61
San Antonio		30		27		60		60
Orange County		30		30		59		61
New Orleans		28		26		56		54
Jacksonville		30		29		53		51
Philadelphia		24		23		43		40
Denver		25		24		43		42
Miami		13		13		32		31
Other		67		72		135		153
Domestic		1,487		1,406		2,807		2,722
International		31		35		57		67
Total	$	1,518	$	1,441	$	2,864	$	2,789