Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

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

Year ended 31 December 2022	Americas $m		EMEAA $m		Greater China $m		Central $m		Group $m
Franchise and base management fees		861		215		71		–		1,147
Incentive management fees		18		69		16		–		103
Central revenue		–		–		–		199		199
Revenue from fee business		879		284		87		199		1,449
Revenue from owned, leased and managed lease hotels		126		268		–		–		394
		1,005		552		87		199		1,843
System Fund revenues (note 32)										1,217
Reimbursement of costs										832
Total revenue										3,892

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 32)										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 32)										765
Reimbursement of costs										637
Total revenue										2,394

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

	2022 $m			2021 $m
Trade receivables (note 17)		493			399
Contract assets		367			346
Deferred revenue		(1,724	)		(1,613	)

Summary of Information About Contract Assets

	2022 $m			2021 $m
At 1 January		346			336
Additions		70			45
Recognised as a deduction to revenue		(32	)		(35	)
Impairment charges (note 6)		(5	)		–
Impairment reversals (note 6)		3			–
Repayments		(3	)		(1	)
Exchange and other adjustments		(12	)		1
At 31 December		367			346
Analysed as:
Current		31			30
Non-current		336			316
		367			346

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 2021		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
Increase in deferred revenue		532			–			27			44			603
Recognised as revenue		(413	)		(11	)		(23	)		(44	)		(491	)
Exchange and other adjustments		–			–			–			(1	)		(1	)
At 31 December 2022		1,411			33			167			113			1,724
Analysed as:
Current		584			11			23			63			681
Non-current		827			22			144			50			1,043
		1,411			33			167			113			1,724
At 31 December 2021:
Current		535			11			21			50			617
Non-current		757			33			142			64			996
		1,292			44			163			114			1,613

Amounts Received and Not Yet Recognised Relating to Performance Obligations

	2022						2021
	Loyalty and co-brand $m		Other $m		Total $m		Loyalty and co-brand $m		Other $m		Total $m
Less than one year		595		86		681		546		71		617
Between one and two years		339		46		385		406		45		451
Between two and three years		199		32		231		155		33		188
Between three and four years		114		27		141		98		25		123
Between four and five years		70		22		92		53		22		75
More than five years		127		67		194		78		81		159
		1,444		280		1,724		1,336		277		1,613

Movements in Contract Costs, Typically Developer Commissions

	2022 $m			2021 $m
At 1 January		77			75
Costs incurred		13			11
Charged to income statement		(8	)		(9	)
Exchange and other adjustments		(2	)		–
At 31 December		80			77
Analysed as:
Current		5			5
Non-current		75			72
		80			77