Revenue (Tables)

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

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

Year ended 31 December 2021	Americas $m	EMEAA $m	Greater China $m	Central $m	Group $m
Franchise and base management fees	683	120	91	–		894
Incentive management fees	8	29	25	–		62
Central revenue	–	–	–	197		197
Revenue from fee business	691	149	116	197		1,153
Revenue from owned, leased and managed lease hotels	83	154	–	–		237
	774	303	116	197		1,390
System Fund revenues (note 33)						928
Reimbursement of costs						589
Total revenue						2,907

Year ended 31 December 2020	Americas $m	EMEAA $m	Greater China $m	Central $m	Group $m
Franchise and base management fees	452	93	61	–		606
Incentive management fees	5	14	16	–		35
Central revenue	–	–	–	182		182
Revenue from fee business	457	107	77	182		823
Revenue from owned, leased and managed lease hotels	55	114	–	–		169
	512	221	77	182		992
System Fund revenues (note 33)						765
Reimbursement of costs						637
Total revenue						2,394

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

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

	2021 $m			2020 $m
Trade receivables (note 18)		399			309
Contract assets		346			336
Deferred revenue		(1,613	)		(1,569	)

Summary of Information About Contract Assets

	2021 $m			2020 $m
At 1 January		336			334
Additions		45			74
Recognised as a deduction to revenue		(35	)		(25	)
Impairment charges		–			(53	)
Repayments		(1	)		–
Exchange and other adjustments		1			6
At 31 December		346			336
Analysed as:
Current		30			25
Non-current		316			311
		346			336

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 2020		1,233			66			172			93			1,564
Increase in deferred revenue		344			–			14			45			403
Recognised as revenue		(332	)		(11	)		(20	)		(39	)		(402	)
Exchange and other adjustments		–			–			–			4			4
At 31 December 2020		1,245			55			166			103			1,569
Increase in deferred revenue		384			–			19			45			448
Recognised as revenue		(337	)		(11	)		(22	)		(35	)		(405	)
Exchange and other adjustments		–			–			–			1			1
At 31 December 2021		1,292			44			163			114			1,613
Analysed as:
Current		535			11			21			50			617
Non-current		757			33			142			64			996
		1,292			44			163			114			1,613
At 31 December 2020:
Current		376			11			22			43			452
Non-current		869			44			144			60			1,117
		1,245			55			166			103			1,569

Amounts Received and Not Yet Recognised Relating to Performance Obligations

Amounts received and not yet recognised relating to performance obligations that were unsatisfied at the year end are as follows:

	2021						2020
	Loyalty and co-brand $m		Other $m		Total $m		Loyalty and co-brand $m		Other $m		Total $m
Expected timing of recognition
Less than one year		546		71		617		387		65		452
Between one and two years		406		45		451		313		40		353
Between two and three years		155		33		188		249		29		278
Between three and four years		98		25		123		176		24		200
Between four and five years		53		22		75		73		22		95
More than five years		78		81		159		102		89		191
		1,336		277		1,613		1,300		269		1,569

Movements in Contract Costs, Typically Developer Commissions

	2021 $m			2020 $m
At 1 January		75			72
Costs incurred		11			11
Amortisation		(9	)		(9	)
Exchange and other adjustments		–			1
At 31 December		77			75
Analysed as:
Current		5			5
Non-current		72			70
		77			75