System Fund and reimbursables

12 Months Ended

Dec. 31, 2023

Text Block [Abstract]

System Fund and reimbursables

32. System Fund and reimbursables

System Fund and reimbursable revenues and expenses comprise:

	2023  $m	2022  $m	2021  $m
System Fund revenues	1,564	1,217	928
Reimbursable revenues	896	832	589
System Fund and reimbursable revenues	2,460	2,049	1,517
System Fund expenses	(1,545)	(1,322)	(939)
Reimbursable expenses	(896)	(832)	(589)
System Fund and reimbursable expenses	(2,441)	(2,154)	(1,528)

System Fund revenues include:

	2023  $m	2022  $m	2021  $m
Assessment fees and contributions received from hotels and other revenues	1,185	989	727
Loyalty programme revenues, net of the cost of point redemptions	379	228	201

System Fund expenses include:

	2023  $m	2022  $m	2021  $m
Marketing	498	408	147
Staff costs	399	341	304
Depreciation and amortisation	83	86	94
Impairment loss/(reversal) on trade receivables (note 17)	–	7	(6)
Other net impairment reversals (note 14)	–	–	(3)