Revenue (Tables)

12 Months Ended

Dec. 31, 2019

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Summary of Group Revenue Disaggregated By Type of Revenue Stream and By Reportable Segment

The following table presents Group revenue disaggregated by type of revenue stream and by reportable segment:

Year ended 31 December 2019	Americas $m		EMEAA $m		Greater China $m		Central $m		Group $m
Franchise and base management fees		840		247		87		—		1,174
Incentive management fees		13		90		48		—		151
Central revenue		—		—		—		185		185
Revenue from fee business		853		337		135		185		1,510
Revenue from owned, leased and managed lease hotels		187		386		—		—		573
		1,040		723		135		185		2,083
System Fund revenues (note 33)										1,373
Reimbursement of costs										1,171
Total revenue										4,627
Year ended 31 December 2018	Americas $m		EMEAA $m		Greater China $m		Central $m		Group $m
Franchise and base management fees		835		227		94		—		1,156
Incentive management fees		18		93		49		—		160
Central revenue		—		—		—		170		170
Revenue from fee business		853		320		143		170		1,486
Revenue from owned, leased and managed lease hotels		198		249		—		—		447
		1,051		569		143		170		1,933
System Fund revenues (note 33)										1,233
Reimbursement of costs										1,171
Total revenue										4,337
Year ended 31 December 2017	Americas $m		EMEAA $m		Greater China $m		Central $m		Group $m
Franchise and base management fees		795		204		73		—		1,072
Incentive management fees		16		90		44		—		150
Central revenue		—		—		—		157		157
Revenue from fee business		811		294		117		157		1,379
Revenue from owned, leased and managed lease hotels		188		163		—		—		351
		999		457		117		157		1,730
System Fund revenues (note 33)										1,242
Reimbursement of costs										1,103
Total revenue										4,075

Summary of Information About Trade Receivables, Contract Assets, and Deferred Revenue

	2019 $m			2018 $m
Trade receivables (note 18)		514			474
Contract assets		334			290
Deferred revenue		(1,564	)		(1,506	)

Summary of Information About Contract Assets

	2019 $m			2018 $m
At 1 January		290			258
Costs paid		64			58
Recognised as a deduction to revenue		(22	)		(19	)
Repayments		(1	)		(2	)
Exchange and other adjustments		3			(5	)
At 31 December		334			290
Analysed as:
Current		23			20
Non-current		311			270
		334			290

Summary of Changes in Deferred Revenue

	Loyalty programme $m			Other co-brand fees $m			Application & re-licensing fees $m			Other $m			Total $m
At 1 January 2018		1,057			88			163			49			1,357
Acquisition of businesses		—			—			—			8			8
Increase in deferred revenue		540			—			36			67			643
Recognised as revenue		(416	)		(11	)		(23	)		(47	)		(497	)
Exchange and other adjustments		—			—			(1	)		(4	)		(5	)
At 31 December 2018		1,181			77			175			73			1,506
Acquisition of businesses		—			—			—			2			2
Increase in deferred revenue		533			—			26			64			623
Recognised as revenue		(481	)		(11	)		(25	)		(49	)		(566	)
Exchange and other adjustments		—			—			(4	)		3			(1	)
At 31 December 2019		1,233			66			172			93			1,564
At 31 December 2019
Analysed as:
Current		476			11			25			43			555
Non-current		757			55			147			50			1,009
		1,233			66			172			93			1,564
At 31 December 2018
Analysed as:
Current		491			11			23			47			572
Non-current		690			66			152			26			934
		1,181			77			175			73			1,506

Amounts Received and Not Yet Recognised Related to Performance Obligations

Amounts received and not yet recognised related to performance obligations that were unsatisfied at 31 December 2019 are as follows:

	2019						2018
Expected to be recognised in:	Loyalty and co-brand $m		Other $m		Total $m		Loyalty and co-brand $m		Other $m		Total $m
Less than one year		487		68		555		502		70		572
Between one and two years		292		34		326		257		31		288
Between two and three years		176		30		206		158		26		184
Between three and four years		115		27		142		106		22		128
Between four and five years		79		27		106		75		20		95
More than five years		150		79		229		160		79		239
		1,299		265		1,564		1,258		248		1,506

Movements in Contract Costs, Typically Developer Commissions

Movements in contract costs, typically developer commissions, are as follows:

	2019 $m			2018 $m
At 1 January		60			58
Costs incurred		19			9
Amortisation		(7	)		(7	)
At 31 December		72			60
Analysed as:
Current		5			5
Non-current		67			55
		72			60