System Fund (Tables)

12 Months Ended

Dec. 31, 2020

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Summary of System Fund Revenues

System Fund revenues comprise:

	2020 $m		2019 $m		2018 $m
Assessment fees and contributions received from hotels		490		1,036		979
Loyalty programme revenues, net of the cost of point redemptions		275		337		254
		765		1,373		1,233

Summary of System Fund Expenses

System Fund expenses include:

	2020 $m		2019 $m		2018 $m
Marketing		109		461		427
Payroll costs (note 4)		242		313		347
Depreciation and amortisation		62		54		49
Impairment loss on financial assets (note 18)		24		12		11
Other impairment charges		41		—		—