System Fund

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

System Fund

33. System Fund

System Fund revenues comprise:

	2021   $m	2020 $m		2019   $m
Assessment fees and contributions received from hotels	727		490	1,036
Loyalty programme revenues, net of the cost of point redemptions	201		275	337
	928		765	1,373

System Fund expenses include:

	2021  $m	2020 $m		2019   $m
Marketing	147		109	461
Payroll costs (note 4)	304		242	313
Depreciation and amortisation	94		62	54
Impairment (reversal)/loss on financial assets (note 18)	(6)		24	12
Other impairment (reversals)/charges	(3)		41	–